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Wednesday, October 07, 2009

The Demise of the Dollar - Robert Fisk, Michael Moore's Problems Are Our Fault, No Matter Who Loses, Goldman Sachs Wins,

US stands right beside Islamabad - The Barack Obama administration now believes that the Pakistani Taliban have effectively over-reached and that Pakistan's elite, including the army, has come to see it and its al-Qaeda allies as a much greater threat to the country than ever before. - Jim Lobe

Pakistan goes for militants' jugular - The pieces are all in place for Pakistan to launch an all-out attack on the Pakistani Taliban and al-Qaeda in the Waziristan tribal areas on the Afghan border. The formerly reluctant military is fully on board, the United States is actively assisting with intelligence, and most important, the financial lifeblood of the militants is being squeezed as never before. - Syed Saleem Shahzad

Michael Moore's Problems Are Our Fault By Matt Taibbi - If we actually addressed the problems in our own lives -- rather than picking apart those in Moore's movies -- everyone would be better off.

More power to Afghan warlords - The West's strategy of promoting democracy in Kabul while taking on the Taliban in the field with unproven Afghan troops and overstretched allied forces has left it staring at defeat in Afghanistan. The plan ignores an alternative that succeeded spectacularly in 2001: arming tribal warlords and turning them loose on the Taliban. - Richard M Bennett

On Guantánamo, Lawmakers Reveal They Are Still Dick Cheney’s Pawns - By Andy Worthington on Guantanamo and US Supreme Court - I like to believe that, despite studying Guantánamo for four years, I still have a sense of humor, but last Thursday I lost it, after 258 members of the House of Representatives (including 88 members of President Obama’s own party) voted for an idiotic, paranoid and unjust motion proposed by Rep. Hal Rogers (R-Ken.)

No Matter Who Loses, Goldman Sachs Wins - By Digby - Goldman stands to receive a payment of $1 billion -- while U.S. taxpayers would lose $2.3 billion -- if embattled commercial lender CIT files bankruptcy.

How Long Can We Afford to Botch Afghanistan? By Byard Duncan - There's no consensus, no clear strategy. Where will we end up?

In the most profound financial change in recent Middle East history, Gulf Arabs are planning – along with China, Russia, Japan and France – to end dollar dealings for oil, moving instead to a basket of currencies including the Japanese yen and Chinese yuan, the euro, gold and a new, unified currency planned for nations in the Gulf Co-operation Council, including Saudi Arabia, Abu Dhabi, Kuwait and Qatar. Secret meetings have already been held by finance ministers and central bank governors in Russia, China, Japan and Brazil to work on the scheme, which will mean that oil will no longer be priced in dollars. The Demise of the Dollar - Robert Fisk


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