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The Tip of the Iceberg
Wall Street Journal ^
| Friday, May 2, 2003
Posted on 05/02/2003 6:34:18 AM PDT by WaveThatFlag
Edited on 04/22/2004 11:48:50 PM PDT by Jim Robinson.
[history]
"The question is, where is Saddam Hussein? Where are those weapons of mass destruction, if they were ever in existence? Is Saddam Hussein in a bunker sitting on cases containing weapons of mass destruction, preparing to blow the whole place up?"
(Excerpt) Read more at online.wsj.com ...
TOPICS: Culture/Society; Editorial; Foreign Affairs; Germany; Government; News/Current Events; Russia; United Kingdom; War on Terror
KEYWORDS: putin; russia
To: WaveThatFlag
If there's one thing you can say about Putin, it's that he is a tough shrewd operator. So why does he keep putting himself deeper and deeper into losing Franco-German territory? Don't get it.
2
posted on
05/02/2003 6:51:26 AM PDT
by
ricpic
To: WaveThatFlag
From Secrets of the Temple by William Greider pps.189-192,...writing about the Hunt Bros and the silver market debaucle...
"..All told, 12 US banks, the American branches of 4 foreign banks, and 5 brokerage houses had provided the Hunts' silver-buying venture with more than $800 million in loans- equivalent to almost 10% of all the bank lending in the country the previous 2 months.
If we are looking for WMD, we might have found one right beneath our noses. This weapon, however, is far more robust than a nuclear detonation. It might be leveraged against the money market of either the US Federal Reserve System or the monetary system of lessor nations.
Banks only need to maintain a fraction of their loans in cash reserve. $650million cash would allow a legitimate loan operation of $6.5 billion.
Now couiple this one-time find with the possibility that multiple cash caches exist, a phased deployment of those funds from nowhere, and easily one could target the Fed and the money markets to topple the value of the dollar.
It has been said that in military history, if 10% losses are incurred during an initial assault, then the conflict will turn into a route.
If applied to any power structure, an enemy strategy which views the US Fed Reserve as a critical vulnerability of US power would result in such possible production and storage of cash, even counterfeit, for a future assault.
Coincidentally, perhaps there was more justification for the WTC as the initial target by the Al Quada than simple publicity of terror.
3
posted on
05/02/2003 6:54:44 AM PDT
by
Cvengr
(0;^))
To: ricpic
If there's one thing you can say about Putin, it's that he is a tough shrewd operator. So why does he keep putting himself deeper and deeper into losing Franco-German territory? Don't get it.I share your mystification at Putin's apparent stupidity.
4
posted on
05/02/2003 12:50:33 PM PDT
by
Stultis
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