Posts filed under “Think Tank”

3-Star General: We’ve Lost the Wars In Iraq & Afghanistan

3-Star General Who Helped Lead War On Terror: We’ve Lost the Wars In Iraq and Afghanistan

“That Would Be Four Times Biting That Poison Apple: Vietnam, Afghanistan, Iraq and Then Iraq Again”

3-star General Daniel Bolger helped to lead the wars in Iraq and Afghanistan.

The first sentence of his new book - Why We Lost: A General’s Inside Account of the Iraq and Afghanistan Wars – starts:

I am a United Sates Army general, and I lost the Global War on Terrorism. It’s like Alcoholics Anonymous; step one is admitting you have a problem. Well, I have a problem. So do my peers. And thanks to our problem, now all of America has a problem, to wit: two lost campaigns and a war gone awry.

Yahoo News notes:

Having studied military history, he says he should have known that a U.S.-led counterinsurgency in a country like Afghanistan could never work.

Now, with the rise of the Islamic State, there’s a growing choir urging the U.S. military to lead yet another ground war in Iraq.

“That would be four times biting that poison apple: Vietnam, Afghanistan, Iraq and then Iraq again,” he said.

General Bolger is right.

The U.S. previously carried out regime change in Iraq in 1963 and Afghanistan in the 1970s.

Empire after empire has broken its back trying to control Afghanistan.   “One more surge” won’t do the trick.

War has bankrupted empires for 2,500 years. America is  no different. Especially when countries go into debt to finance the war … instead of paying for it out of current finances.

America has fallen into the same trap … and is digging an ever-deeper hole.

Category: Think Tank, War/Defense

Gauging the Impact of the Small Business Lending Fund

Gauging the Impact of the Small Business Lending Fund Kristle Cortés and Sara Millington Economic Trends, 11.25.14     ~~~~ The Small Business Lending Fund (SBLF) was created in 2010 to encourage small business lending by providing capital to qualified community banks. The Treasury provides banks with capital by purchasing Tier 1-qualifying preferred stock or…Read More

Category: Credit, Think Tank

Category: Currency, Technical Analysis, Think Tank

Category: Employment, Think Tank

The Effect of Oil Price Declines on Consumer Prices

The Effect of Oil Price Declines on Consumer Prices Ben Craig and Sara Millington 11.19.14       Oil prices have declined significantly in recent weeks, reaching levels not seen in several years.  At the same time, the year-over-year percent change in the most widely known measure of inflation, the Consumer Price Index (CPI), came…Read More

Category: Consumer Spending, Energy, Think Tank

The Risks to the Inflation Outlook

The Risks to the Inflation Outlook Vasco Cúrdia FRBSF Economic Letter 2014-34 November 17, 2014         Although inflation is currently low, some commentators fear that continued highly accommodative monetary policy may lead to a surge in inflation. However, projections that account for the different policy tools used by the Federal Reserve suggest…Read More

Category: Inflation, Think Tank

Stocks Headed Higher

Stocks Headed Higher David R. Kotok November 17, 2014     We open this commentary with a link to the October 31 policy statement of the Government Pension Investment Fund of Japan. Any serious investor who has not read it is invited to go to this link right now. Simply put, one of the G4…Read More

Category: Investing, Markets, Think Tank

Category: Inflation, Think Tank

2015 Is Shaping Up to Be a “Turkey” of a Year for the U.S. Economy and Stock Market Paul L. Kasriel November 17, 2014   On November 24, 2013, I penned a piece entitled “Unless the Fed Goes Cold Turkey on Us, Expect a Bountiful Economic Harvest for Thanksgiving 2014”. In it I argued that…Read More

Category: Think Tank

Category: Technical Analysis, Think Tank, Trading