The First Casualty

It’s commonly observed that “The first casualty of war is truth.”   That’s not news.  The fundamental insight was first observed back about 500 BC, when the Greek dramatist Aeschylus observed that “In war, truth is the first casualty.”

In other words, war does not begin with the first shot, but with the first lie.

Once the war begins, the opposing lies are fired on “full auto”.

So, here’s a video describing the recent Turkish shoot-down of a Russian fighter jet that allegedly strayed into Turkish territory.  Maybe the video is telling the truth, maybe not.

Clearly, somebody’s lying.  Either the Turks are lying about the Russian jet crossing into Turkish airspace, or the Russians are lying about not crossing into Turkish airspace.  I assume that radar or satellite evidence will be produced soon enough to support one side’s claims and refute the other’s.

But, you have to ask yourself, why did the Turks dare to shoot down a Russian fighter that (so far as I know) intruded only barely and briefly into Turkish airspace?  Did the Turks believe that the Russian fighter was going to bomb Ankara (the Turkish capitol)?  Pending further evidence, I have to assume that a Russian jet in Turkish airspace may be an annoyance or even diplomatic offense, but is that intrusion sufficient reason to shoot down a Russian fighter and provoke a serious international incident–complete with at least one dead Russian pilot?

The following video offers a plausible explanation for why the Turks “really” shot down the Russian jet.  Take it all with salt.  This explanation may simply be another illustration of the “First Casualty” principle.

However, if the video’s explanation turns out to be basically true, Soviet President Putin is now in a dangerous predicament.  He must either accept the loss of his fighter jet as some sort of unfortunate “accident” or he must retaliate against the Turks.  If he retaliates against the Turks, the Turks will probably retaliate further against Russia.   I have the distinct impression that, despite all of the success Russia has enjoyed in its first attacks against ISIS, Putin may be finding himself in unexpectedly deeper waters and may be wondering if he’s gone (or is about to go) “too far”.

We shall see.

video   00:04:20


Posted by on November 24, 2015 in Geo-Politics, Middle East, Russia, Video, War


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Brilliant Interview: Catherine Austin Fitts “Reinventing the US Economy”

Catherine Austin Fitts Fitts has a BA from the University of Pennsylvania, an MBA from the Wharton School and studied Mandarin at the Chinese University of Hong Kong.  She served as managing director and member of the board of directors of the Wall Street investment bank Dillon, Read & Co.Inc., as Assistant Secretary of Housing and Federal Housing Commissioner at the US Department of Housing and Urban Development in the first Bush Administration and was the president of Hamilton Securities Group, Inc., an investment bank and financial software developer.

She is cerebral, informed and, apparently, passionate about perceiving and disseminating the truth.

Her interview by Greg Hunter on is brilliant, easily understood and, in some regards, even optimistic.  In essence, she’s saying, “Yes, the problems are enormous.  Solving them will be painful.  We could see war as we move from a uni-polar to multi-polar world.  Nevertheless, America can handle its problems-if we face them and act now.” 

Biggest problem?  National Debt.  Government must soon  cut expenditures severely.  Biggest losers?  Those corporations who depend on government business and subsidies.

Listening to her interview is well-worth your time.  In fact, it’s worth your time to listen twice and take notes.

video    00:29:43


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Posted by on November 24, 2015 in Economy, Geo-Politics, Middle East, Video, War


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MSM Blames US for ISIS

video   00:03:56


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Tough To Top

video   00:00:46


Posted by on November 22, 2015 in Video



Odd Indicators

Which Economic Indicators Indicate the Truth? [courtesy Google Images]

Which Economic Indicators Indicate the Truth?
[courtesy Google Images]

How odd.

I’ve reported the weekly changes in the same nine economic indicators (gold, silver, platinum, palladium, Dow, NASDAQ, NYSE, USDX, and Crude Oil) since April of A.D. 2008.  Usually, at least one or two of those indicators run contrary to the remainder. I.e., if seven or eight are up, one or two are down—or vice versa.

The week of November 6th through 13th is the first time I can recall when all nine of those indicators were down in the same week.  Is that coincidence a “harbinger of doom”—or merely a curious anomaly?

The three pure commodities (platinum, palladium and crude oil) in my list of indicators were down an average of 10% each between November 6th to 13th.  Ten per cent?!!  In one week?!!  Damn.

Historically, falling commodity prices signal an economic depression.

In the same week, the three equity market indicators (DJIA, NASDAQ, and the NYSE) fell by an average of 3.8% each.  In just one week.  That decline isn’t unprecedented, but it’s nevertheless noteworthy.

Falling stock prices are another indication of economic recession or depression.

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Muslims React to Obama

I don’t know where they found Muslims able to tell more truth than virtually all MSM US news outlets–but they did.

video    00:02:20


Posted by on November 19, 2015 in Muslims, Obama



Crazy Ideas

The Economists' Motto [courtesy Google Images]

The Economists’ Motto
[courtesy Google Images]

Business Insider published an article entitled “This is how a central bank could kill off cash and bring in negative interest rates on your savings.”  According to that article,


“Since the financial crisis, the world’s understanding of economics has been undergoing a lot of rapid changeIdeas that would have been considered crazy just a decade ago are now seen as much more likely.”


The balance of the Business Insider article focused on “negative interest rates” as one of those “crazy” ideas.  Negative interest rates are undoubtedly “interesting” but, for now, I’m more interested in asking why “crazy” ideas are becoming “more likely”.

Most of this inquiry deals with “crazy” but a lesser part deals with “more likely”.

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