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Bin Laden Has Won

The Giant blinked.  American power does not have the capability to deal with this situation in a way that won’t end badly.  As I said earlier, Islamic Civilization has intergenerational aspirations.  Iran are not the “madmen” the neocons portray, but based on many recent articles by experts, it’s clear that they do have enough of a long view to be willing to sacrifice the well being of the current generation for the long term prospects of their civilization.  Eternal Western hegemony in the Middle East is not consistent with that long-view, but neither is national suicide.  However, now the US has shown weakness.

Why is the US in this position?  Bin Laden.  He baited Bush and Bush bit.  The national media has not yet reconciled with how expensive the War on Terror/Iraq has been.  If you compare cost to benefit, you get an exhausted empire out of ammunition and without a purpose.  The military has bombs and the ability to drop them, but they lack the ability to achieve anything anymore as a result – other than more pain.  Bush’s war and what has followed has turned much of Middle East against the US, completely.  Bin Laden’s big strategic objective.

Isn’t it interesting how that works?  Did George Bush hate our freedom as much as Bin Laden did?

Prediction: Trump is talking about the “big expensive base” as a prelude to asking for some oil concessions, which will be nothing other than a face-saver as the US leaves Iraq.

Pompeo’s Gulf of Tonkin Incident

Gareth the Great in the American Conservative:

The fingerprints of Pompeo are all over this provocation to war. In a striking parallel to the deception that accompanied the Gulf of Tonkin crisis in 1964—in which the American public was told about an attack on a U.S. ship that never happened, precipitating the Vietnam War—Pompeo and his allies carried out a complex deception in regard to the Soleimani hit. They claimed they had to kill the second most popular leader of Iran with no advance notice to Congress because the Iranian general was planning a massive attack that put the country in “imminent” danger. Trump officials have so far not provided any evidence publicly to back up this version of events. In fact, when briefed by DoD officials Wednesday, Democrats complained about the lack of hard evidence presented, leaving them unconvinced there was an imminent threat. Republican Sen. Rand Paul, R-KY., said the briefing was “less than satisfying.”

Read the rest here.

Sen. Mike Lee Will Support War Powers Resolution Regarding Iran

Because of the insane briefing that Pompeo and them gave to the Senate.

Ratcheting Down

Wednesday morning Trump announced new sanctions on Iran rather than sending in the B-52s in response to Iran’s missile attack response to America’s killing of their top general Qassem Soleimani. So that’s wrong but sure could be worse.

Then he declared that the UN Security Council powers must help him negotiate a brand new better nuclear deal to replace the last one; a total non-starter, and he must know that. So that just amounts to filler and bluster.

Trump then emphasized America’s energy independence from the Middle East. A great line about how now we’re leaving would have gone great right there. #Hope #Change

Surprisingly, he also emphasized Iran’s help in the fight against the Islamic State as a continuing opportunity for cooperation, which is another signal toward de-escalation.

This entire crisis has been precipitated by the Trump government, with a possible assist from ISIS. Americans of all political persuasions should make their voices heard now: We oppose conflict and support the U.S. taking all opportunities to talk to Iran and diffuse this crisis.

And remember the Horton rule: attack the left from the left and the right from the right. In other words, when calling or otherwise addressing Republicans, be conservative in your opposition and the other way around too.

Cross-posted at Antiwar.com.

Iranian Plane Crash

As Tom Woods pointed out in this great speech 10 years ago, when there’s an earthquake, hurricane, plane crash or other major disaster in Iran, we all feel terrible and grieve for the loss of life and donate to charity over it and the rest.

But then we’re supposed to just turn right around and cheer threats of war against these very same people.

Last night, while Iran was firing missiles at U.S. targets in Iraq and many people around the world were fearing the breakout of a new war between our countries, a civilian airliner fell out of the sky on take-off from the Tehran airport, killing more than 170 people. (All indications are that it was mechanical failure to blame.)

Humanity grieves for them. Let us please keep in mind the individual rights to life and dignity that all individuals hold and maintain the spirit of commonality we all feel from the crash as a barrier to a new war.

Cross-posted at Antiwar.com.

bitcoin is Dead: Part 4

bitcoin is Dead: Part 4

Click here for Part 3

For the audio version, check out my podcast A Boy Named Pseu where you can download it on all podcast platforms. (read starts at 8:54)

Read full piece here.

If bitcoin is dead, then Nigerians aren’t living off it

Bitcoin is empowering the dominant medium of exchange to the masses in West Africa. How? Gift cards.

The digital asset exchange, Paxful, is outcompeting other Western exchanges by enabling thousands in West Africa (Nigerians in particular) to buy gift cards for remittance, which accounts for two-thirds of the exchange’s USD volume.

In the article “Bitcoin and Gift Cards Are Powering a Million Dollar Remittance Market in Africa,” Bitcoin Magazine’s Colin Harper revealed the following:

  • “Paxful is able to onboard financially disconnected citizens of developing countries on a level that non-P2P [over-the-counter] exchanges like Coinbase simply cannot…Paxful services trades in more than 70 currencies around the world and has made much of its traction in geographic regions that many bigger exchanges have not.”
  • Nigerians account for likely 50 percent or more of Paxful users who trade gift cards.
  • of the roughly $65 million in gift card trades processed through Paxful in October 2019, $32.5 million of them came from Nigerians.

How exactly does this work? Harper explains:

“an African immigrant will purchase gift cards out of the country (typically from the U.S.) for cash; they will send a picture of this gift card and proof of purchase to a friend or family member back home; the recipient makes a trade on Paxful, selling the gift card (typically at a discount) for bitcoin; they then take this bitcoin and trade it for their local currency and transfer this into their bank account.”

This right here proves that third world countries recognize bitcoin as actual money and that its value is legit. These people would do away with their native currency for bitcoin any day because they have lost faith in fiat.

The spirit of bitcoin is working through the people who need it most, and also works through the markets (companies/industries like start ups or exchanges) to provide the needed bitcoin. It’s a fly-wheel that keeps spinning via the momentum of supply and demand, and shows no sign of pumping the breaks any time soon.

But, you know. Bitcoin is dead.

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