The Fed Is About To Hike: Why That Is Bullish For Bonds

With the market pricing in near certainty of a June rate hike despite the Fed’s tacit warning that it would like to see evidence the recent economic slowdown is over, a recurring question among trading desks is why aren’t long-dated bonds selling off more, or rather why is the 10 and 30Y seemingly bid the closer we get to the next Fed hike with everyone – from hedge funds, to central banks to primary dealers – buying in surprising amounts.

Overnight, an answer came from Wes Goodman, a Bloomberg columnist, who explains that the more the Fed hikes, the more bullish it is for bonds, i.e., the entire market is once again betting on “policy error” by the Fed.

Here is latest Macro View note titled “The Fed Is Going to Hike. That’s Bullish for Bonds

The Fed’s likely rate hike next month will probably send Treasury yields lower, and investors from hedge funds to banks are loading up on U.S. government debt ahead of the move.

 

Contrary to conventional wisdom, Treasuries have rallied following the last three rate increases. Instead of sending yields higher, the hikes are driving speculation that rising short-term borrowing costs will curb the economic expansion and make it tougher for the Fed to sustain its 2% inflation target.

 

Hedge funds and other large speculators boosted their net long position in 10-year futures to the highest level in almost a decade.

 

U.S. commercial bank holdings of Treasuries and agency debt surged the most in 16 months in the latest weekly data, extending a record high.

 

Treasuries held by foreign central banks in custody at the Federal Reserve rose this month to the most since June 2016.

 

 

Primary dealer holdings of U.S. government securities have surged 50% from this year’s low in March, and they’re now about even with the average over the past 12 months.

Goodman’s conclusion: “All this demand may be enough to drive benchmark 10-year yields to a new low for 2017, below 2.16%.”

Of course, if this is correct, the implication is that the higher the Fed hikes short-term rates, the lower long-term rates go, flattening the curve and eventually inverting it. And, at some point in the near future, this will once again bring up the even more ominous question: is the Fed once again making a policy error by hiking into an economy that can not sustain it. For now the jury is out.

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New Generation Of Bombs Undetectable By Airport Scanners: What’s The Solution?

Authored by Mike Shedlock via MishTalk.com,

In response to Homeland Security Ponders Laptop Ban On All International Flights: Surefire Way to Stop Bombs on Planes reader Brindu sent a pair of interesting links discussing new bombs that airport scanners cannot detect.

Please consider U.S. Believes ISIS’ Bomb-Making Research Includes New Generation of Explosives.

Amid the bombed-out ruins of Mosul University, U.S. officials say they have uncovered evidence that the Islamic State of Iraq and Syria (ISIS) was developing a new type of bomb that could pass through an airport scanner undetected.

 

CBS News joined Iraqi Special Forces in Mosul just days after the hard-fought battle to recapture the University in January. It’s long been believed that Mosul University was the center of the militants’ bomb-making projects, using the school’s equipment and labs.

 

Now, U.S. officials believe that research includes a new generation of more powerful explosives that could be concealed in a computer.

 

When ISIS overran Mosul in 2014, they also captured the city’s international airport. And with it, all the modern security scanner and screening equipment necessary to test their new bombs.

Professional Pilots Discussion

The Professional Pilots Rumor Network, PPRuNE Website, has a discussion on undetectable bombs.

Dubaian: What’s to stop ISIS putting this clever new ‘undetectable’ stuff in pretty well anything a PAX might take on board. And it’d be easier than replumbing a laptop.

Peekay4: A working explosive is composed of several elements. These elements can be disguised within a laptop, large tablet, etc. Put them into a box of chocolates or a can of Pringles, they would be very easy to detect.

EDLB: What can they detect in checked luggage but not in a carry-on?

Peekay4: Not going into specifics but part of the reason for requiring them in checked luggage is not only for detection but also isolation (containment).

Lomapaseo: Containment from what? If they go boom as baggage the damage is variable as hell based on location. If they go boom in the cabin the damage is predictable based on seat location and/or overhead storage which is specific by PNR (boarding pass). And then there is the fire hazard from a typical LI cheap battery in passenger luggage. In the overhead or cabin, it’s specific in location and ability to assess and contain.

Infrequentflyer789: If they go boom in the cabin the damage is predictable based on exactly where the attacker decides to set it off, which is nothing to do with a boarding pass. A small boom set by a clever attacker in the right place is going to be as big a threat as a large boom placed randomly, and that’s before we get onto stuff like shaped charges and really clever placement.

Edmundronald: This will make Chromebooks and other net-connected empty-shell computers the tool of choice for biz travelers. Rent one or buy a cheap one as soon as you touch down.

RTD1: Rather, this will result in a massive push towards video conferencing/telepresence in lieu of business travel. I’ve been a management/technology consultant flying weekly for 20 years now, and if this ban were extended to all domestic and international flights, I’d likely either find an alternative to in-person meetings or switch careers if it were not feasible. I haven’t checked a bag (save for gate checking carry-ons on puddle jumpers) in years. I keep my timelines from landing to meeting starts pretty tight, and I count on flying time for working. I’m not unique, such a rule would be devastating for business travel.

Pax Britanica: There is always an element of business travel that is not really necessary but its hard line to draw between beneficial and essential. There are also events like conferences where most of the attendees don’t’ actually attend but meet with peers from other companies and do business just because a lot of people from one industry are in the same place. Ie the conference itself isn’t really ‘necessary’ but it’s a good opportunity to meet clients and suppliers without doing separate trips. Video links are usually fine for inside the company work and some external stuff but many cultures like the physical presence bit.

Mickjoebill: What about camera crews and photographers who carry kilos of lumpy electronic gear onboard? It is trivial to provide enough power to activate a camera to make the battery appear unadulterated when the cells have been repacked with something deadly.Unless every item is sniffed, a laptop ban seems half arsed.

ISIS Knows What We Know About Them

The preceding comment by Mickjoebill gets to the heart of the matter. And that was the point of my satirical suggestion on a  Surefire Way to Stop Bombs on Planes.

ISIS knows, that we know, that they had been working on laptops. As a result, ISIS will likely shift to an electronic toy or camera equipment (as I suggested in my post).

FAA Traffic by the Numbers

In 2105, the FAA Traffic by Numbers website shows some interesting air traffic statistics.

  • There were 8,727,691 commercial flights in 2015.
  • There are 7,000 planes in the sky at any given time.
  • There are 23,911 flights a day

Convenience vs Safety

Does it make sense to ban all laptops on all flights as they are discussing now?

Banning laptops alone is insufficient. It is impossible to eliminate all airplane risk without banning all flights.

Reader Maxx offered this pertinent thought:

At some point to unravel a knot, you have to start pulling on the other end of the string. Technology chasing technology only goes so far.

 

For all the time spent harassing a new mom about baby formula, we could be using those hours to interview a 20-year-old “quiet” male with no real friends and an extensive Facebook trail to a Pakistani ISP.

 

When are people going to wake up and realize politically correct bull&h!t is FATAL. This is costing our economy enormously.

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Brexodus Builds – More EU Citizens Are Leaving The UK

After the Brexit referendum, more EU citizens are leaving Britain, while less Europeans are coming in. As the latest figures from the Office for National Statistics show, 2016 brought 84,000 less migrants, compared to the previous year. Statista's Fabian Moebus points out that the net migration of 248,000 people is the lowest number of yearly newcomers in over three years. Immigration from EU countries decreased by 43,000 people while emigration increased by 31,000, which makes Europeans the main factor behind the trend with a net change of minus 74,000.

Infographic: More EU Citizens Are Leaving the UK | Statista

You will find more statistics at Statista

In the run-up to the elections, Theresa May declared to bring net migration below 100,000, a promise that dates back to the Conservative 2010 manifesto. The target has widely been criticized as insubstantial because it is highly dependent on the individual behavior of many different groups, like temporary students from abroad or British pensioners retiring elsewhere. Whether the numbers continue to wane hinges mainly on the outcome of the upcoming elections and the future development of Brexit negotiations between the UK and the EU.

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Short Victorious War: US President’s Magic Wand To Wave In A Pinch

Authored by Andrei Akulov via The Strategic  Culture Foundation,

Putting together the bits of information coming from various sources leads to the conclusion that a US pre-emptive strike against North Korea is a possibility that may turn into reality pretty soon. Everyone knows it’s fraught with implications and nobody wants it but there is a good reason to believe it’s coming closer.

North Korean leader Kim Jong Un has supervised the test of a new anti-aircraft weapon system and ordered its mass production and deployment throughout the country. It took place after Pyongyang conducted a second missile test within a week, sending a medium-range ballistic missile into the waters off its east coast on May 21. North Korea said the test was a success and the weapon could now be mass-produced. If a strike to knock out the nuclear and ballistic missile program infrastructure is planned, it would better be delivered before the air defense systems are in place.

North Korea's missile program is progressing faster than expected, South Korea's defense minister said on May 16, after the U.N. Security Council condemned the launch of a new long-range missile and demanded Pyongyang halt weapons tests. North Korea has defied all calls to rein in its nuclear and missile programs, including from Russia and China. The country’s leadership openly states that it has been working to develop a nuclear-tipped missile capable of striking the US mainland, and the recent tests are steps toward that aim. North Korea has conducted five nuclear tests so far, including two last year.

During the US-China summit at Mar-a-Lago estate, Florida, in early April, Chinese President Xi Jinping asked US President Donald Trump for a 100-day grace period to deal with North Korea’s military provocations. The May 21 launch cast doubts on the efficacy of the measures taken. The 100-day period would end around the time the G20 summit is held in Germany on July 7-8 with the problem of North Korea high on the agenda. The US and China’s leaders will tackle the burning issue on the sidelines of the event.

Meanwhile, a third US aircraft carrier, the USS Nimitz, will be deployed by Washington in the Western Pacific Ocean in order to join two US warships, stationed near the shores of the Korean Peninsula in the light of the crisis. USS Nimitz will join USS Carl Vinson and USS Ronald Reagan in the area. Three carrier groups out of eleven is a huge force to be deployed only for a large-scale operation coming soon.

The US is to conduct another test of its Ground-Based Midcourse Defense (GMD) system to shoot down an intercontinental ballistic missile (ICBM) simulating a North Korean ICBM aimed at the US The military has used the Ground-Based Midcourse Defense (GMD) system to intercept other types of missiles, but never an ICBM.

Finally, it has been recently revealed that the US military has moved two nuclear submarines towards North Korea. President Trump was likely referring to an Ohio-class guided missile submarine (SSGN), the USS Michigan, which made an official port call in Busan, South Korea on April 25, and the Los-Angeles-class attack submarine (SSN) USS Cheyenne, which visited Sasebo, Japan on May 2 as part of its regional deployment. The US Navy on average is deploying up to ten Los-Angeles, Seawolf, or Virginia-class attack submarines worldwide on any given day.

Michigan is used for first strike missions. It is one of four Ohio strategic subs (SSBNs) converted to only fire conventional Tomahawks instead of nuclear ballistic missiles. The boat carries a massive load of 154 land attack cruise missiles. On top of that, Michigan carries the Dry Deck Shelter, which allows it to deploy special operations forces and their swimmer delivery vehicle mini-subs. Cheyenne is a Los Angeles-class attack submarine, which routinely accompanies carrier groups. It can fire Tomahawks.

Trump has said «a major, major conflict» with North Korea is possible because of its nuclear and missile programs and that all options are on the table. On May 19, US Defense Secretary Jim Mattis expressed a cautious stance toward immediate military action against North Korea.

The US president is under assault from all sides. The possibility of his impeachment is openly discussed in media and Congress. According to Politico, Conservatives begin to whisper: President Pence.

Donald Trump knows that military actions are an effective tool to hike ratings. The president saw a bump in his own poll numbers after the cruise missile strike in Syria he ordered on April 7. His approval rating jumped from 34 percent up to 42 percent. It leaped from 42 to 50 percent after the «Mother of all bombs» was used on April 13 against Islamic State positions in Afghanistan. The public support has dramatically slid down to roughly 38 percent since then. The president is in a pinch. Something needs to be done immediately to rectify the situation.

The trend is worrisome and the best tried-and-true way to reverse it is a short victorious war. True, it’s a great risk. But bombing one’s way to popularity may happen to be a temptation impossible to resist. A sixth North Korean nuclear test or test-fire of an intercontinental ballistic missile may prompt the action even before the 100 days «grace period» is over. The forces are there and poised. They cannot be in high alert stand-by mode too long. While the world public attention is riveted to Syria, a large-scale military conflict with terrible consequences may spark anytime and the probability is very high.

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Brickbat: Recognized for Her Potential

evil girl dollOfficials with the Channelview Independent School District in Texas have apologized after teachers at one junior high school named a 13-year-old girl “most likely to become a terrorist.” A school spokesman said the recognition was part of a mock awards ceremony that was supposed to be light-hearted

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DNC Lawsuit Exposes Corruption, Data Breaches, Raises Questions About Death Of Shawn Lucas

Via Disobedient Media

In June of last year, attorneys Jared Beck and Elizabeth Beck of law firm Beck and Lee filed a class action law suit against the DNC and former chairwomen Debbie Wasserman Schultz. The suit claims that the DNC acted against its charter when it showed demonstrable favoritism towards  Hillary Clinton in the Democratic primary, and failed to secure the data of DNC donors. The suit could have massive significance for the Democratic Party and could have an even wider impact if the origin of the DNC leaks are disclosed in the proceedings.

Attorney Elizabeth Beck described the lawsuit to US Uncut:“We think that the DNC has been running absolutely out of control and completely disregarding their responsibilities, rights, and duties to the public.”

The DNC lawsuit has so far received very little press coverage, despite revealing blatant corruption in the Democratic establishment. The death of Shawn Lucas, a process server who would have been a federal witness for the Becks, added further fuel to speculations of corruption surrounding the case. Jared Beck has also stated that Seth Rich would have been a potential witness in their case.

The lawsuit has so far revealed an absolutely unabashed level of corruption in the Democratic Party establishment. Attorney Bruce Spiva stunningly argued in defense of the DNC during the latest April 25th hearing on the case: “There’s no right to not have your candidate disadvantaged or have another candidate advantaged. There’s no contractual obligation here,” Spiva further stated that the party had the right to select its candidate in any way it chooses and was “not bound by pledges of fairness.”

Spiva’s defense has proved controversial, as it effectively admits the DNC primary process was rigged, but argues that this was not illegal. Jared Beck told US Uncut that he believed their suit would prove successful based on Article 5, Section 4 of the DNC charter which explicitly requires the chair of the DNC to remain impartial during the primary.

The New York Times reported that the DNC leaks  that formed the impetus for the DNC lawsuit had suggested the DNC Chair Debbie Wasserman Schultz of Florida, and other officials “favored Hillary Clinton over Mr. Sanders.” The DNC leaks have also raised serious questions regarding DNC funding methods.

Debbie Wasserman Schultz is a defendant in the DNC lawsuit.
Debbie Wasserman Schultz is a defendant in the DNC lawsuit. (AP Photo/Keith Srakocic)

Disobedient Media spoke with Jared Beck, who said that the initial momentum for the case stemmed from the rigging of the primary, but added: “There’s another aspect to this case that deals with why information leaked into the public domain, and that’s also part of this very intense mystery… that a lot of us are very concerned about right now.”

Beck told Disobedient Media that in addition to the claims based on donations made to the Bernie Sanders campaign, and to the DNC, he also believed that there is a claim based on the DNC’s negligent failure to secure the data of its donors. This may be an important claim in terms of establishing why that data was released into the public (due to DNC negligence, in Beck’s view). Beck stated that he thought his team might be able to get discovery on this issue and specifically how it came to be that the data was released. Beck said that he believed the topic to currently be a very important issue right now given public interest about who leaked the DNC documents.

Beck also discussed how the DNC lawsuit’s claims regarding DNC negligence with donor data may be especially important as it relates to the unsolved murder of Seth Rich. Rich was a staffer for the DNC who died in an unsolved murder last July. In August last year Fox News reported that Wikileaks founder Julian Assange had strongly hinted that Seth Rich was the source for the DNC leaks. The Washington Post also reported that Wikileaks  had offered a reward for information leading to a conviction in Seth Rich’s murder. Jared Beck has stated via twitter that Seth Rich would have been a potential witness in the DNC lawsuit.


If the Becks successfully gain the right to discovery on the origin of the DNC documents, the mystery regarding whether Seth Rich leaked the information might potentially be resolved. If Rich did indeed leak the DNC emails to Wikileaks, the ‘Russian hacking’ narrative would be utterly negated.

The Becks based their lawsuit on Guccifer2.0’s release of the information, which occurred in June last year, before Wikileaks had announced they would be releasing DNC documents. Guccifer2.0’s role in the DNC leaks was discussed in a previous report by Disobedient Media. There has been speculation that Guccifer2.0’s early release of the information was intended to smear Wikileaks and potentially Seth Rich as the leaker, by intentionally fabricating evidence of ‘Russian hacking’ in the earliest available version of the data.

Adding further questions surrounding the lawsuit was the unexpected death of Shawn Lucas, who was filmed serving defendants in the suit last July. Police reports describe how Luca’s girlfriend found him unconcious on the bathroom floor  in early August. Paramedics were unable to revive him. The Becks have indicated Shawn Lucas was to be a Federal witness in the proceedings.

Jared Beck told Disobedient Media that Lucas would have served as a witness in order to rebut the defendant’s contention that process was incorrectly served. This would have included a sworn declaration from Lucas; Beck stated that footage of Lucas serving process had been introduced as evidence in the case in his stead, due to the unexpected death.

 

  

The Becks have provided Disobedient Media with copies of their communications with Washington D.C. police that include discussion regarding the body cameras worn by police as well as Shawn Lucas’ death report. Lucas’ cause of death was described by the Office of Chief Medical Examiner of Washington D.C as “Combined adverse effects of fentanyl, cyclobenzaprine, and mitragynine,” with the manner of death listed as “accident.” Fentanyl is a strong opioid pain medication, sometimes used as part of anaesthesia. Cyclobenzaprine is a muscle relaxant, while mitradynine is a substance found in Kratom.

As the case continues to be a developing story, Disobedient Media will provide further coverage of the DNC lawsuit should new facts emerge.

via http://ift.tt/2sgvrIY William Craddick

Norway’s ‘CIA’ Pushes Plan To Unleash “Facebook Police”

Kripos, Norway's National Criminal Investigation Service, is reportedly examining the legal aspects of how police accounts could be given access to areas of Facebook that are not open to the public. It would mean police gaining access to closed groups and interacting with members as they search for evidence of criminal activity, the Norwegian newspaper Dagens Naeringsliv reported.

“We have looked into the possibility of creating 'uniformed accounts'. But we have not decided whether it is something we should do,” communications officer Axel Wilhelm Due told Dagens Næringsliv, via the Local.

As The Telegraph reports, police in Norway and elsewhere have previously used fake Facebook profiles to investigate crimes including smuggling alcohol and tobacco.

Facebook has not given police profiles with enhanced access to private groups but they can apply for access to them in connection with criminal cases, Dagens Næringsliv reported.

Police superintendent Emil Jenssen of Kripos told Norwegian broadcaster NRK:

"We get lots of tips on areas where it is sold bootleg, drugs or other illegal things. Then we go inside these groups to preserve evidence for criminal cases.

 

"If there is a criminal case we can go to court and get an injunction and send it to Facebook. They send us so the information we need.

 

"We have the ability to do this in necessity as well if there is danger to life and health. When it goes very quickly, often under an hour. In other criminal cases it takes longer."

The company’s Norwegian press office told the paper that it didn’t want to comment on whether it would permit officially verified police accounts.

But such a decision would be a step forward for Facebook in terms of how it handles transparency surrounding intelligence or law enforcement agencies operating on the site. As the Snowden leaks revealed, Facebook and other tech giants like Google, Microsoft and Apple are already compelled to share our data with the National Security Agency, when it’s asked for.

If police officers are allowed to patrol content on the site, maybe Facebook could abandon some of its convoluted policies for policing what its users can and cannot see.

It also begs the question: Would this officially make “fake news” a crime?

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We Know What Inspired The Manchester Attack, We Just Won’t Admit It

Authored by Patrick Cockburn via The Strategic Culture Foundation,

In the wake of the massacre in Manchester, people rightly warn against blaming the entire Muslim community in Britain and the world. Certainly one of the aims of those who carry out such atrocities is to provoke the communal punishment of all Muslims, thereby alienating a portion of them who will then become open to recruitment by Isis and al-Qaeda clones.

This approach of not blaming Muslims in general but targeting “radicalisation” or simply “evil” may appear sensible and moderate, but in practice it makes the motivation of the killers in Manchester or the Bataclan theatre in Paris in 2015 appear vaguer and less identifiable than it really is. Such generalities have the unfortunate effect of preventing people pointing an accusing finger at the variant of Islam which certainly is responsible for preparing the soil for the beliefs and actions likely to have inspired the suicide bomber Salman Abedi.

The ultimate inspiration for such people is Wahhabism, the puritanical, fanatical and regressive type of Islam dominant in Saudi Arabia, whose ideology is close to that of al-Qaeda and Isis. This is an exclusive creed, intolerant of all who disagree with it such as secular liberals, members of other Muslim communities such as the Shia or women resisting their chattel-like status.

What has been termed Salafi jihadism, the core beliefs of Isis and al-Qaeda, developed out of Wahhabism, and has carried out its prejudices to what it sees as a logical and violent conclusion. Shia and Yazidis were not just heretics in the eyes of this movement, which was a sort of Islamic Khmer Rouge, but sub-humans who should be massacred or enslaved. Any woman who transgressed against repressive social mores should be savagely punished. Faith should be demonstrated by a public death of the believer, slaughtering the unbelievers, be they the 86 Shia children being evacuated by bus from their homes in Syria on 15 April or the butchery of young fans at a pop concert in Manchester on Monday night.

The real causes of “radicalisation” have long been known, but the government, the media and others seldom if ever refer to it because they do not want to offend the Saudis or be accused of anti-Islamic bias. It is much easier to say, piously but quite inaccurately, that Isis and al-Qaeda and their murderous foot soldiers “have nothing to do with Islam”. This has been the track record of US and UK governments since 9/11. They will look in any direction except Saudi Arabia when seeking the causes of terrorism. President Trump has been justly denounced and derided in the US for last Sunday accusing Iran and, in effect, the Shia community of responsibility for the wave of terrorism that has engulfed the region when it ultimately emanates from one small but immensely influential Sunni sect. One of the great cultural changes in the world over the last 50 years is the way in which Wahhabism, once an isolated splinter group, has become an increasingly dominant influence over mainstream Sunni Islam, thanks to Saudi financial support.

A further sign of the Salafi-jihadi impact is the choice of targets: the attacks on the Bataclan theatre in Paris in 2015, a gay night club in Florida in 2016 and the Manchester Arena this week have one thing in common. They were all frequented by young people enjoying entertainment and a lifestyle which made them an Isis or al-Qaeda target. But these are also events where the mixing of men and women or the very presence of gay people is denounced by puritan Wahhabis and Salafi jihadis alike. They both live in a cultural environment in which the demonisation of such people and activities is the norm, though their response may differ.

The culpability of Western governments for terrorist attacks on their own citizens is glaring but is seldom even referred to. Leaders want to have a political and commercial alliance with Saudi Arabia and the Gulf oil states. They have never held them to account for supporting a repressive and sectarian ideology which is likely to have inspired Salman Abedi. Details of his motivation may be lacking, but the target of his attack and the method of his death is classic al-Qaeda and Isis in its mode of operating.

The reason these two demonic organisations were able to survive and expand despite the billions – perhaps trillions – of dollars spent on “the war on terror” after 9/11 is that those responsible for stopping them deliberately missed the target and have gone on doing so. After 9/11, President Bush portrayed Iraq not Saudi Arabia as the enemy; in a re-run of history President Trump is ludicrously accusing Iran of being the source of most terrorism in the Middle East. This is the real 9/11 conspiracy, beloved of crackpots worldwide, but there is nothing secret about the deliberate blindness of British and American governments to the source of the beliefs that has inspired the massacres of which Manchester is only the latest – and certainly not the last – horrible example.

 

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In Memoriam, 2017

Authored by Robert Gore via StraightLineLogic.com,

You don’t fight for your country, you fight for your government.

The Golden Pinnacle, by Robert Gore

On Memorial Day, America remembers and honors those who died while serving in the military. It is altogether fitting and proper to ask: for what did they die? Do the rationales offered by the military and government officials who decide when and how the US will go to war, and embraced by the public, particularly those who lose loved ones, stand up to scrutiny and analysis? Some will recoil, claiming it inappropriate on a day devoted to honoring the dead. However, it is because war is a matter of life and death, for members of the military and, inevitably, civilians, that its putative justifications be subject to the strictest tests of truth and the most probing of analyses.

Millions have marched off to war believing they were defending the US, which implies the US was under attack. Yet, setting aside for a moment Pearl Harbor and 9/11, US territory hasn’t been invaded by a foreign power since the Mexican-American War (arguably—Mexico claimed the territory it “invaded” was part of Mexico), or, if the Confederacy is considered a foreign power, the Civil War. That war ended a century-and-a-half ago, yet every US military involvement since has been justified as a defense of the US. That has gradually attenuated, in a little noted slide, to a defense of US “interests,” which is something far different.

Only one of those involvements could, arguably, have been said to have forestalled not an invasion, but a possible threat of invasion: World War II. Watching newsreel graphics of Germany’s drives across Europe, Northern Africa, and the USSR, and Japan’s across Asia and the Pacific, it was perhaps understandable that Americans believed the Axis powers would eventually come for them, especially after Pearl Harbor. However, that was a one-off attack by the Japanese to disable the US’s Pacific Fleet. To launch an invasion of the US, Japan, a smaller, less populated nation whose economy depended on imports of vital raw materials, including oil, would have had to cross the Pacific and fight the US, and undoubtedly Canada, on their home territories. The Pearl Harbor attack, provoking America’s entry into the war, proved a strategic blunder for the Japanese. An invasion would have been ludicrous. Similarly, Germany, up to its eyeballs in a two-front war, couldn’t conquer Russian winters or Great Britain across the English Channel. How was it supposed to either cross the Atlantic, or the USSR and hostile guerrillas, then the Pacific, and attack the US? That, too, would have been ludicrous.

The 9/11 attack was also a one-off. A majority of the attackers came not from a US enemy but rather a supposed ally, Saudi Arabia. They received funding and other support from people in that country and perhaps its government. A conventional war against a “state sponsor of terrorism” might have required war against Saudi Arabia; it is still not clear how involved its government was. That option was never considered. Rather, the Bush administration performed metaphysical gymnastics and launched the first war in history against a tactic: terrorism. Although the jihadists who perpetrated 9/11 were self-evidently not the vanguard of an invasion, the terrorism they employed was deemed a threat to US interests in the Middle East, and to life and property in the US. However, none of our subsequent involvements in Afghanistan, Iraq, Syria, Libya, Egypt, and Yemen have been necessary to maintain US citizens’ freedoms, the nation’s territorial integrity, or its lives and property.

There are undoubtedly many epitaphs on tombstones in this country to the effect: Here lies the deceased, who died defending America, and not one that reads: Here lies the deceased, who died defending American interests. However, the latter is in most cases more accurate than the former. Who decides the interests for which members of America’s military will die? Those considering entering the military today must look beyond the slogans, contemplate the risks of being killed, wounded, dismembered, paralyzed, or psychologically traumatized, and ask themselves: why and for whom are these risks being borne? “You don’t fight for your country, you fight for your government.” Is it worth risking one’s life for the US government?

In 1821, John Quincy Adams said America had not gone “abroad in search of monsters to destroy,” and while we wished those seeking liberty well, theirs was not our fight (see “In Search of Monsters,” SLL, 4/11/15). Since then, America has searched for monsters, found, and in some cases, destroyed them. However, as the poison of power has worked its evil on the minds and souls of those who possess it, the monsters have become more ethereal, apparitions conjured like creatures in the closet by children when they go to bed. The war on terrorism creates more terrorists, the monsters of choice since 9/11. The government still pays occasional lip service to “democratic values” and “civil liberties,” but allies itself with regimes which have no more fealty to those values and liberties than the “tyrants” the government opposes. “Defending America” and “Promoting Our Way of Life” have become transparent pretexts for American power and domination unbounded. As Adams so presciently warned, the search for monsters has turned the government itself into a monster, the biggest threat to Americans’ “inextinguishable rights of human nature.”

Those who have fought and died to defend America and its freedoms are noble beyond measure. Those who pay self-serving tribute to their valor, but make war and expend lives as means to corrupt ends are evil beyond redemption. Honor the former; expose and oppose the latter.

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Biden Bashes “Distracted” Democrats For Ignoring Working-Class Concerns

After declaring to a bunch of SALT Conference attendees last month that Hillary “was never a great candidate,” former Vice President Joe Biden criticized the Democratic Party's campaign strategy for winning over working class voters, saying that too many were distracted by the Trump campaign's negativity, the Hill reported.

 

“Because of the negative campaign that [President Donald] Trump ran, how much did we hear about that guy making 50,000 bucks on an assembly line, [and] the woman — his wife — making $28,000 as a hostess?" Biden asked.

 

"They have $78,000, two kids, [are] living in a metropolitan area, and they can hardly make it," Biden added. "When was the last time you heard us talk about those people?"

Biden, who was stumping for New Jersey gubernatorial candidate and former Goldman Sachs executive Phil Murphy, sounded like his old campaign-trail self, stoking speculation of another run in 2020.

When asked at SALT if he would run again for the presidency, Biden said “I may very well do it,” but added that he couldn’t commit to another run right then.

As The Hill reports, some Democrats see Biden as the best candidate to try and win back some of the working class white voters lost to Trump. Biden maintains that he hasn’t ruled out another run for the presidency.

via http://ift.tt/2sfeoqD Tyler Durden