Saturday, 24 January 2009


The new NATO is a U.S. and imperial pitbull. It is currently helping rearm the world, encouraging the military buildup of the former Baltic and Eastern European Soviet satellites--now U.S. and NATO satellites--working closely with Israel as that NATO partner ethnically cleanses and dispossesses its untermeschen--helping its master establish client states on the Russian southern borders, officially endorsing the U.S. placement of anti-ballistic missiles in Poland, the Czech Republic, Israel, and threateningly elsewhere, at a great distance from the United States, and urging the integration of the U.S. plans with a broader NATO “shield.” This virtually forces Russia into more aggressive moves and accelerated rearmament (just as NATO did in earlier years).

And of course NATO supports the U.S. occupation of Iraq. NATO secretary-general Scheffer regularly boasts that all 26 NATO states are involved in Operation Iraqi Freedom, inside Iraq or Kuwait. Every single Balkan nation except for Serbia has had troops in Iraq, and now has them in Afghanistan. Half of the former Soviet Commonwealth of Independent States have also provided troops for Iraq, with some of these also in Afghanistan. These are training grounds for breaking in and “inter-operationalizing” the new “partners,” and developing a new mercenary base for the growing “out of area” operations of NATO, as NATO participates more actively in the U.S. wars in Afghanistan and Pakistan.

As noted, NATO brags about its role in the Balkans wars, and both this war and the wars in Iraq, Afghanistan and Pakistan have violated the UN Charter. Lawlessness is built-in to the new “strategic concept.” Superceding the earlier (fraudulent) “collective self defense,” the ever-expanding NATO powers give themselves the authority to conduct military campaigns "out-of-area" or so-called "non-Article V" missions beyond NATO territory. As the legal scholar Bruno Simma noted back in 1999, "the message which these voices carry in our context is clear: if it turns out that a Security Council mandate or authorization for future NATO 'non-Article 5' missions involving armed force cannot be obtained, NATO must still be able to go ahead with such enforcement. That the Alliance is capable of doing so is being demonstrated in the Kosovo crisis." ("NATO, the UN and the Use of Force: Legal Aspects," European Journal of International Law, Vol. 10, No. 1, 1999, reproduced at

The new NATO is pleased to be helping its master project power across the globe. In addition to helping encircle and threaten Russia, it pursues “partnership arrangements” and carries out joint military maneuvers with the so-called Mediterranean Dialogue countries (Israel, Egypt, Jordan, Morocco, Tunisia, Mauritania and Algeria). And NATO has also established new partnerships with the Gulf Cooperation Council states (Bahrain, Kuwait, Saudi Arabia, Oman, Qatar and the United Arab Emirates), thereby expanding NATO's military ambit from the Atlantic coast of Africa to and throughout the Persian Gulf. In the same time frame there has been a unbroken series of NATO visits to and naval exercises with most of these new partners as well as (this past year) the first formal NATO-Israeli bilateral military treaty.

The pitbull is well positioned to help Israel continue its massive law violations, to help the United States and Israel threaten and perhaps attack Iran, and to enlarge its own cooperative program of pacification of distant peoples in Afghanistan and Pakistan, and no doubt elsewhere—all in the alleged interest of peace and that “wider stability” mentioned in Strategic Concept. NATO, like the UN itself, provides a cover of seeming multilateralism for what is a lawless and virtually uncontrolled imperial expansionism. In reality, NATO, as an aggressive global arm of U.S. and other local affiliated imperialisms, poses a serious threat to global peace and security. It is about to celebrate its 60th anniversary, and while it should have been liquidated back in 1991, it has instead expanded, taking on a new and threatening role traced out in its 1999 Strategic Concept and enjoying a frighteningly malignant growth.



Banks of the Nile.

Wednesday, 21 January 2009

"the entire financial sphere is suspected of being a giant black hole"
Edited on Wed Jan-21-09 01:09 PM by Ghost Dog
LEAP 2020 sees us entering a period of insolvency, including financial system insolvency:

...the situation prevailing today throughout the entire global financial system, a large part of the world economy and all the economic players (including States) who based their growth on debt in the past years. The crisis translates and magnifies a problem of global insolvency. The world is becoming aware of the fact that it is a lot poorer than it used to believe in the last decade. And 2009 is the year when all the economic players must try to assess their real level of solvency, knowing that many assets are still losing value. Moreover a growing number of investors no longer trust the traditional instruments and indicators of measurement. Quoting agencies have lost all credibility. The US Dollar is just a fiction of international monetary unit and many countries are striving to get away from it as quickly as possible (6). Thus, quite rightly, the entire financial sphere is suspected of being a giant black hole.

Roubini: Credit Crisis Losses Could Hit $3.6 Trillion January 20, 2009 10:36 AM ET At a conference in Dubai, NYU's Nouriel Roubini said credit crisis losses could hit $3.6 trillion, up from $1 trillion worth of writedowns and losses estimated by Bloomberg to have already roiled the global financial system.

... Roubini says that if losses are really as large as he fears “it means the U.S. banking system is effectively insolvent because it starts with a capital of $1.4 trillion. This is a systemic banking crisis.” He also warns the disease is spreading to Europe, where the Royal Bank of Scotland Group faces an estimated $41 billion loss. Roubini also said the global slowdown will keep oil prices in the $30-$40 a barrel range this year, and he predicted commodities would fall another 15-20 percent from current levels...

So, is the money just vanishing down a black hole, vapourising, since the globalised financial system was sitting on a bubble inflated by leverage and exotic toxic instruments? And/Or are certain or incertain parties taking advantage of the situation and making killings, resulting in "an unprecedented concentration of private wealth"?