War at any time…?

KUWAIT: The government is finalizing its emergency plan this week in order to ensure that the country is protected from foreign dangers in case the regional situation escalates and a war breaks out between Iran and the USA.

An unnamed senior official revealed that the government has learnt that two aircraft carriers are scheduled to arrive in the Gulf and the Red Sea in preparation for the expected war at any time. The official said that this information led the government to accelerate its emergency plan preparations, which include arrangements for protecting all sectors and vital installations.

The senior official added that acting premier Sheikh Jaber Al-Mubarak Al-Sabah has asked the Interior Minister Sheikh Jaber Al-Khalid Al-Sabah and other ministers concerned with devising and implementing the emergency plan to hold meetings with the different government departments in order to discuss the plan and submit reports to reveal and resolve possible weaknesses before war breaks out in the area. He told ministers that Kuwait would not be immune from war and the government must be ready for any emer
gency.

The plan is divided into three parts, said the official – Security, Humanitarian and Vital Services. He added that the Kuwaiti Civil Defense and the Health and Interior Ministries would prepare the plan’s outlines in order to discuss them and complete all parts of it.

The official said that Ahmad Al-Abdullah, the Commerce and Industry Minister and State Minister for National Assembly Affairs is preparing the livelihood and supplies plan, while Mohammed Al-Olaim, the Minister for Oil, Electricity and Water and Oil is preparing the electricity plan.

The Ministry of Electricity and Water (MEW) is ready to provide an alternative energy source in case of any conflict affecting power supplies, as well as supplying water from the nation’s strategic reserves which stand at nearly two billion gallons and can supply the country for forty days

http://www.kuwaittimes.net/read_news.php?newsid=MTAxNzA0MDM1Ng==

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Man held in Fla. on charge of threatening Obama

MIAMI (AP) — A man who authorities said was keeping weapons and military-style gear in his hotel room and car appeared in court Thursday on charges he threatened to assassinate Democratic presidential candidate Barack Obama.

Raymond Hunter Geisel, 22, was arrested by the Secret Service on Saturday in Miami and was ordered held at Miami’s downtown detention center without bail Thursday by a federal magistrate.

A Secret Service affidavit charges that Geisel made the threat during a training class for bail bondsmen in Miami in late July. According to someone else in the 48-member class, Geisel allegedly referred to Obama with a racial epithet and continued, “If he gets elected, I’ll assassinate him myself.”

Obama was most recently in Florida on Aug. 1-2 but did not visit the South Florida area.

Another person in the class quoted Geisel as saying that “he hated George W. Bush and that he wanted to put a bullet in the president’s head,” according to the Secret Service.

Geisel denied in a written statement to a Secret Service agent that he ever made those threats, and the documents don’t indicate that he ever took steps to carry out any assassination. He was charged only with threatening Obama, the presumptive Democratic nominee, but not for any threat against President Bush.

Geisel’s court-appointed attorney declined comment.

In the interview with a Secret Service agent, Geisel said “if he wanted to kill Senator Obama he simply would shoot him with a sniper rifle, but then he claimed that he was just joking,” according to court documents.

A search of Geisel’s 1998 Ford Explorer and hotel room in Miami uncovered a loaded 9mm handgun, knives, dozens of rounds of ammunition including armor-piercing types, body armor, military-style fatigues and a machete. The SUV was wired with flashing red and yellow emergency lights.

Geisel told the Secret Service he was originally from Bangor, Maine, and had been living recently in a houseboat in the Florida Keys town of Marathon, according to court documents. He said he used the handgun for training for the bail bondsman class, had the knives for protection and used the machete to cut brush in Maine.

In the affidavit, the Secret Service said Geisel told agents that he suffered from psychiatric problems including post-traumatic stress disorder, but he couldn’t provide the names of any facilities where he sought treatment.

http://ap.google.com/article/ALeqM5jcq3dTostccNiKUj0Mi9DcOv2IeQD92DLMN80

Our $100 Trillion National Debt

The “official” debt of the United States is only around $10 trillion dollars as of August 6, 2008. This is a manageable number; we could pay it off in a few decades if we quit buying luxuries like food and clothing, and take a few other minor economy measures. Unfortunately, the “$10 trillion” number was produced by government accounting, which among other things allows one to ignore Social Security, Medicare, and the new prescription drug benefit. This is like ignoring rent, food, and utilities in your household budget… it will lead to a few bounced checks. Our real debt is about ten times higher.

Who says so? The President of the Dallas Federal Reserve, Richard W. Fisher. In a May speech at the Commonwealth Club of California, he states that the US national debt is close to $100 trillion. You can read his whole speech at the Federal Reserve web site.

The Real Debt

Here is what he said regarding the actual US debt:

“Add together the unfunded liabilities from Medicare and Social Security, and it comes to $99.2 trillion over the infinite horizon. Traditional Medicare composes about 69 percent, the new drug benefit roughly 17 percent and Social Security the remaining 14 percent.”

Interested readers will notice that the new prescription drug benefit is projected to be more fiscally crushing than all of Social Security.

Mr. Fisher points out that this $99.2 trillion will be a bit of a burden to pay off:

“Let’s say you and I and Bruce Ericson and every U.S. citizen who is alive today decided to fully address this unfunded liability through lump-sum payments from our own pocketbooks, so that all of us and all future generations could be secure in the knowledge that we and they would receive promised benefits in perpetuity. How much would we have to pay if we split the tab? Again, the math is painful. With a total population of 304 million, from infants to the elderly, the per-person payment to the federal treasury would come to $330,000. This comes to $1.3 million per family of four—over 25 times the average household’s income.”

You do have $1.3 million in your pocket, right? What, are you some kind of deadbeat?

Speaking of deadbeats, the “$99.2 trillion” estimate does not include the subprime bailout. So for those who like large round numbers, by the end of 2008 the real National Debt should be large, round, and about $100 trillion.

Other Unfunded Liabilities

The Fed’s numbers do not include some other liabilities the US has acquired over the years. One massive but unquantifiable liability is the probability of future wars. If it cost the US hundreds of billions of dollars to invade the fifth-rate kleptocracy of Iraq and the foreign-aid regime of Afghanistan, how many trillions would wars against real powers cost? Perhaps I should ask “how many US cities” such wars would cost.

Some nations could legitimately plan for peace. Sweden has not fought a foreign war since 1814 (as many Swedes have pointed out in emails regarding my Swiss article). Switzerland, not since 1815. The US record is less hopeful.

The US is rarely not in foreign wars, and the current Administration has openly announced that the “Global War On Terror” will never end. Yet our government accounting is predicated on perpetual peace, on an ever-increasing flow of money into the official pyramid schemes.

In any case, whether you are pro- or anti- Empire, real accounting demands some reserves for future war contingencies. When even a few US cities are burning radioactive pyres, the flow of funds to Social Security and Medicare will suffer some interruption.

Any fiscal plan demands amortization of the accumulated hatred our foreign adventures have accumulated. The US taxpayer has aided every evil dictator since 1945. Stalin, Castro, Pol Pot, Nyerere, Idi Amin, go right down the roster and US money helped pay for the barbed wire and bullets (and the nuclear reactors, in the case of the Kim Dynasty rulers of Korea).

So far blowback has been quite mild. But in a world full of easy do-it-yourself WMD technologies, our luck can’t hold forever. If the US were a private company, the “badwill” on our books would reach into the tens of trillions.

Tearing Up The Credit Cards

Most likely, the US will simply continue into bankruptcy. This is the most common pathway for nations with fiat currencies and unchecked ruling classes. But let’s assume that somehow a Clone Army of 435 Ron Pauls gets into Congress, while genetic technology brings back Jefferson and Gallatin to their old offices. Can the US be made solvent again?

I think so. Most of the unfunded liability is medical. We know why the medical system does not work. So if we eliminate the FDA, guild restrictions on medical professions, and the ridiculous tax laws that force us into medical-insurance serfdom to employers, we could cut medical costs enough to phase out Medicare and the new “drug benefit.” In this way more than half the shadow debt can be wiped out.

The answer for the Social-Security pyramid scheme is well known. Chile fixed its Social Security disaster decades ago, by giving large IRA-style allowances and phasing out the government payments to younger recipients. The sooner we do this the easier it will be… the Boomers start retiring soon.

Most important, we have to listen to the Founder’s calls for free trade with all nations but entangling alliances with none. The US cannot stop every quarrel in the world even if we wished… and the actual record of our foreign-policy geniuses has been to send a couple of trillion dollars out to the very worst criminals in human history. Aid To Dependent Dictators must stop.

None of this will happen while Mordor-On-The-Potomac still possesses its plutonium credit card, the Fed. Just as we would for any other bankrupt relative, we must help Uncle Sam cut up his credit cards.

http://www.lewrockwell.com/walker/walker34.html

Video threatening Olympics is posted online

URUMQI, China (AP) – A U.S. group that monitors extremist Web sites says that a Chinese Islamic group has posted a new video that shows a burning Olympics logo and an explosion over a venue for the Beijing Games.

The video, reported Thursday by the IntelCenter, follows the posting of a similar video dated July 23. Both are attributed to the Turkistan Islamic Party, which experts say is an offshoot of a secessionist group from China’s Central Asian frontier with ties to al-Qaida.

IntelCenter said the latest video was dated Aug. 1 and features “graphics showing a burning Olympics logo and an explosion imposed over one of the venues.”

Comments on the video were in the language of the Uighurs, a Muslim minority in western China with a long history of tense relations with the central government. No translation was immediately available.

http://www.breitbart.com/article.php?id=D92DHM6O0&show_article=1

WARNING-LaRouche on the Fed: “My Instructions Stand”

August 6, 2008 (LPAC)–Lyndon LaRouche today reiterated his videotaped National Emergency Statement issued yesterday, August 5, in response to the Federal Reserve’s decision to hold U.S. interest rates at 2%.

“My instructions stand,” LaRouche said. “If the policy continues, lots of Americans will actually die because of this. If they don’t do as I said, there is going to be hell: people will suffer, the death rate will go up.”

“People are going to find out; they are going to learn a hard lesson. And unfortunately a lot of Americans are going to suffer because of cowardice in the Fed. The Fed prefers to please the British, rather than defend the interests of the United States.

“These people have betrayed the country,” LaRouche concluded. “They should get the credit for betraying the country.”

http://www.larouchepac.com/news/2008/08/06/larouche-fed-my-instructions-stand.html