- "KINGSTON, NY, 4 May 2011- From the fans at Citizens
Bank Park in Philadelphia to the mobs at the White House gates, "USA,
USA," was the chant heard across the nation. Jubilant Americans celebrated
the breaking news that Public Enemy No.1, terrorist mastermind Osama bin
Laden was dead.
- Ten years have passed since the Twin Towers toppled and
the Pentagon was whacked. After two failing wars and billions of dollars
spent on the global manhunt to bring in Bin Laden "Dead or Alive,"
America has now claimed victory. "This is bigger than the moon landing,
this is huge," exclaimed Fox News' Geraldo Rivera.
- "Justice has been done," intoned President
Barack Obama announcing Bin Laden's death. He not only called it "a
good day for America," but also declared that "The world is safer.
It is a better place because of the death of Osama Bin Laden."
- While Secretary of State Hillary Clinton echoed the sentiment
that "justice has been served," she evidently took issue with
the Presidential vision of a "safer" world, warning that terror
"won't stop with the death of Bin Laden, we must redouble our efforts."
- If it's a "safer" world, why the need to "redouble
our efforts"? These were but two of the contradictions coming from
the White House in the early hours of the breaking story, and many discrepancies
would follow. Some of them would be noted and debated, but totally absent
from the 24/7 news coverage, political "high-fives" and patriotic
triumphalism was the simple question: Why did Osama Bin Laden, former mujahedin
ally of the United States, turn against it to become Public Enemy No.1?
- Was it that he and his Al Qaeda fighters suddenly decided
to hate America's "freedom and liberties" as George W. Bush maintained?
Or was it remotely possible that the attacks were motivated by US foreign
policy with its unconditional support of Israel and concomitant support
of the same Middle East monarchs, autocrats and dictators now being toppled
in the wave of revolution?
- Also absent from America's non-stop exultation and self-congratulation,
absent from the acres of newsprint and the countless hours of air time,
was any discussion of the practical consequences of the death of Bin Laden
who, before making it back into the headlines, had been both a fading memory
and a non-issue.
- Osama Bin Who?
- So irrelevant had Bin Laden and his jihad rhetoric become
that, in the months preceding his assassination, every one of the uprisings
occurring throughout the Middle East and North Africa was secular and in
direct opposition to Bin Laden's militant pan-Islamic vision.
- In a sentence: There were no practical consequences whatsoever
attending the death of Osama Bin Laden. It would do nothing to:
- Help America win losing wars in Afghanistan and Iraq.
- Lower the unemployment rate.
- Stop the US or European nations from sinking deeper into
recessions and depression.
- Revive failing real estate markets or solve the debt
and deficit crises.
- Lower oil and food prices.
- Reverse the damage or stop the radioactive fallout from
- What Osama's death did do was boost the President's sagging
poll numbers and deflect public attention from the news that really mattered.
- On Wednesday, April 27th, just four days before Bin Laden
was killed, a new Public Enemy No.1 held his organization's first ever
press conference. Federal Reserve Chairman Ben Bernanke told the world
that the United States would continue its low interest rate polices and,
in effect, continue to flood the world with cheap money.
- The global equity markets immediately responded to the
predictably destructive consequences. Before Bernanke ended the press conference,
gold prices shot up $20 an ounce, silver $2, and the dollar fell to a 3
year low against a trade-weighted basket of currencies. Despite the Chairman's
claims to the contrary, the US dollar would continue to devalue and subsequently
dollar based commodity prices would soar.
- Needing neither a mountain lair nor sequestration behind
closed Fed doors, the new Public Enemy No.1, "Osama" Ben Bernanke
committed, in broad daylight, an act of financial terrorism that would
have far reaching and long lasting implications for the American public.
As the value of the dollar went down, the cost of nearly everything would
go upexcepting the cost of "risk."
- This meant that financiers could continue to speculate
and exploit the equity markets, with the profits going only to the 10 percent
of Americans that owned 90 percent of the stocks, bonds and mutual funds.
Moreover, the Fed reasoned the cheap dollar would also give a competitive
edge to big US exporters. But as exports rose, so did the price of imports,
putting further strains on average consumers whose real wages fell ever
further behind the pace of inflation.
- Bombs Away
- What Osama Bin Laden's death also did was to deflect
attention from the US/NATO "humanitarian" mission in Libya, which,
just two days earlier, had delivered several humanitarian bombs upon the
home of Muammar Qaddafi's son, killing him and three of his children.
- The bungled attempt to assassinate Qaddafi (who had been
visiting his son) was condemned by Russia, brought recriminations against
NATO from other UN members for overstepping the UN mandate, and called
into question the legality of the air strike. With a groundswell of public
sympathy building around the world for Qaddafi's murdered grandchildren,
the very purpose and future of the entire mission was being called into
- Trend Forecast: With the death of Osama Bin Laden, the
restored, rebuilt, new and improved terror bandwagon rolls againand it
will keep rolling until Election Day 2012. Whether a real terror attack
happens or not, Barack Obama, as he has done before, will take a page from
the G.W. Bush playbook and keep the American public in a state of fear
- And should terror strike the US, UK, France or other
NATO ally, their governments, media "presstitutes," pundits,
and the public at large will debate and deplore the "cowardly act"
and demand "swift justice." They will blame Bin Laden sympathizers,
Al Qaeda cells, Muammar Qaddafi, radical Islamistsbut never will they blame
themselves. They will refuse to acknowledge that what they called "terror"
was nothing more than "revenge"; reprisal for foreign meddling
in the domestic affairs of other nations, or retaliation for military invasions
launched by the US, UK, France or other NATO ally upon a sovereign nation.
- Meanwhile, back in DC, the Chairman of the Fed, Public
Enemy No.1, "Osama" Ben Bernanke, will mastermind the destruction
of the American dollar, the US economy and the purchasing power of the
- As we have been forecasting for years, gold, despite
its recent pull back, is on-trend to reach $2000 per ounce (and possibly
higher). And while Ben Bernanke claims that inflation is merely "transitory,"
considering his penchant for printing trillions of digital dollars not
worth the paper it's not printed on, we see inflation as both entrenched
- ©MMXI The Trends Research Institute®