INVESTORS EDGE
 

News & Analysis

Testimonials
  • VOICE OF REASON

    I have thoroughly enjoyed the analysis and interviews at The Daily Bell, which has so often been a voice of reason during these perilous times

    Dr. Thomas Woods Jr.
    NY Times Bestselling Author & Senior Fellow, Mises Institute

  • RECOMMENDED READING

    For alternative views on contemporary politics, culture and science, from a libertarian point of view, check out The Daily Bell.

    Michael A. Cremo
    Author, Vedic Archeologist

  • REFRESHING

    I enjoy reading The Daily Bell because it often has refreshing and novel ways of looking at things.

    Bill Bonner
    Bestselling Author, Founder of Agora Publishing

  • PREMIER FREE-MARKET ANALYSIS

    The Daily Bell rings out for liberty every day. It is the premier online source for insightful and hard-hitting free-market analysis and interpretation of economic, political and business events.

    Dr. Richard Ebeling
    Author, Professor of Economics at Northwood University

  • SOURCES YOU CAN TRUST

    The Daily Bell should be on everyone's shortlist of news sources you can trust. It's on mine, and we often refer to it in our own weekly news service at The Reality Zone.

    G. Edward Griffin
    Author, Founder of Freedom Force International

  • PART OF MY DAILY NEWS DIET

    I read it every day!

    Jim Rogers
    Bestselling Author, Co-founder of the Quantum Fund

  • OUT OF THE DARK

    The Daily Bell leads us out of the dark tunnel of manipulated press into the light of free press.

    John Perkins
    Bestselling Author

  • SIMPLY TERRIFIC

    The Daily Bell does a remarkable job of exposing how money power uses central banking to crush people into submission via global government with economic and political slavery being the desired end result.

    John Browne
    Former Secretary of the Conservative Defense and Finance Committees, UK Parliament

  • POWERFUL INSIGHTS

    I consider The Daily Bell essential reading for anyone desirous of understanding the way the world really works.

    Lord William Rees-Mogg
    Author, Former Deputy Editor, Financial Times

  • EXCELLENT ANALYSIS

    The Daily Bell has a great libertarian point of view, and excellent economic analysis. Add it to your daily reading.

    Peter Schiff
    Chairman and Chief Executive Officer, Euro Pacific Capital

  • THE DAILY BELL IS A MUST-READ

    Because the world is changing so rapidly, it is difficult to keep up, which means The Daily Bell is a must read. I consider the information critically important reading.

    Dave Morgan
    Author, Editor of Silver-Investor.com

  • GREAT THINKERS YOU CAN'T GET ANYWHERE ELSE

    The Daily Bell has revived that great old institution of the personal interview, extracting information from today's great thinkers you can't get anywhere else. Outstanding!

    Jeffrey Tucker
    Author, Executive Editor of Laissez Faire Books

  • COURAGEOUS REPORTING

    There is no other publication in print or on the Internet like The Daily Bell. They have the courage to report the truth and analyze current foreign policy, politics and economic events in the context of a formerly hidden history of financial elites.

    Ron Holland
    Author & Monetary Analyst

  • ESSENTIAL READING

    Liberty is under assault by Big Government. The Daily Bell is an essential tool for information for those who want to fight for freedom.

    Steve Forbes
    Chairman and Chief Executive Officer of Forbes Media

  • PROFOUND AND PROVOCATIVE

    Every day, I rely on the Daily Bell for a different perspective you'll never find in the regular media. It's an analysis and timely insight that is profound and provocative.

    Craig Huey
    Author, Small Business Owner

  • THOUGHTFUL NEWS, EXCLUSIVE INTERVIEWS

    I always read the Bell. The news items are thoughtfully selected, and the interviews are unavailable elsewhere.

    Doug Casey
    Bestselling Author and Founder of Casey Research Group

  • INFORMATIVE SOURCE OF INFORMATION

    The Daily Bell is an informative source of information and commentary from leading figures in the liberty movement. It's a pleasure to be interviewed alongside far more notable individuals.

    Alexander McCobin
    Executive Director of Students for Liberty

  • EXCELLENT PERSPECTIVE

    The Daily Bell affords an excellent alternative perspective on some of the noise and nonsense of mainstream media. In particular, I enjoy reading Anthony Wile's 'free-market analysis' on current subjects and articles. Very insightful.

    Frank R. Suess
    Chairman & CEO of BFI Capital Group Inc.

  • GREAT INVESTMENT INFORMATION

    I love reading The Daily Bell! Interesting investment information, a political and social viewpoint that lets me know I'm not alone in the world and "annotated" with analysis. I highly recommend it to all interested readers.

    Rick Rule
    Founder of Global Resource Investments Inc.

  • CUTTING EDGE ANALYSIS

    At a time when growing majorities worldwide are tuning out mainstream news, people are seeking the cutting edge, insightful and thought provoking analysis that The Daily Bell consistently provides.

    Gerald Celente
    Bestselling Author, Founder of the Trends Research Institute

  • INSIGHT YOU CANNOT IGNORE

    The Daily Bell provides unique insights on contemporary political, economic and social problems that can be found in such a concentrated form nowhere else. Whether one agrees or disagrees with it, one cannot afford to ignore it.

    Dr. Edwin Vieira
    Author and Constitutional Expert

  • NEVER MISS AN ISSUE

    I love the Daily Bell. Every issue is principled and informative.

    Lew Rockwell
    Founder of the Mises Institute

  • READ IT EVERY DAY

    A defender of free markets, The Daily Bell takes a libertarian approach to expose and unravel global misinformation. Read The Daily Bell – every day!

    Charles Payne
    FOX Business Analyst

  • A VIRTUAL WHO'S WHO

    The good and the bad, the big dogs and the small, the thinkers and the doers among libertarians and on the "Right" – you can encounter them all in The Daily Bell's exclusive weekly interviews. Indispensable.

    Dr. Hans Herman-Hoppe
    Author, Economist and Libertarian Philosopher

  • TRUTH AT WORK

    There are very few publications out there that have the smarts and guts to tell the truth about the dictatorial forces at work destroying our civilization. Thankfully The Daily Bell is one of them, and it appears in the mailbox every day.

    Nelson Hultberg
    Author, Director of Americans for a Free Republic

  • EXCELLENT RESEARCH

    I really enjoy reading The Daily Bell for the excellent research and content provided on a wide variety of issues vital to the Freedom Movement.

    Dr. Mark Skousen
    Author & Founder of FreedomFest

  • GREAT JOB, DAILY BELL

    I can say that, unlike the mainstream press, The Daily Bell knows the questions to ask and has the chutzpah to ask them. They realize that socialism and Keynesianism are wrecking the world and they are helping to save what is left of liberty and free markets.

    Richard J. Maybury
    Author, Editor of U.S. & World Early Warning Report

  • INDISPENSABLE INFORMATION

    The Daily Bell is an indispensable source of news and information for those seeking to curtail the power of the welfare-warfare state.

    Dr. Grant Havers
    Chair, Department of Philosophy, Trinity Western University

  • INTELLECTUAL JOLT

    Sit down to read from The Daily Bell and experience a jolt of intellectual energy.

    Dr. Nathaniel Branden
    Psychotherapist, Bestselling Author

  • INDEPENDENT

    Get outside the box with The Daily Bell and experience independent views.

    Paul Craig Roberts
    Author, Former Assistant Secretary of the Treasury in the Reagan Administration

  • A MUST-READ FOR EVERYONE

    The Daily Bell is a must-read for anyone who wants to understand the effects of the state on our economic future.

    Dr. Thomas DiLorenzo
    Professor of Economics, Loyola University Maryland

  • GUTS, OBJECTIVITY, WISDOM

    Rarely does a publication have the guts and objectivity to tell it like it is, yet the eloquence and wisdom to listen carefully to the ‘other side.’ This is The Daily Bell accomplishing its daily mission.

    James Jaeger
    Telly Award-winning Filmmaker

  • VERY INFORMATIVE

    I read The Daily Bell every day and I find it very informative.

    Marc Faber
    Dr. Marc Faber, Author, Publisher of The Gloom Boom & Doom Report

  • CONSISTENTLY SOLID

    The Daily Bell features consistently solid analysis of and thoughtful challenges to contemporary statism. I am proud to be on the team.

    Dr. Tibor Machan
    Author and Philosopher

  • MESSAGES OF TRUTH

    The Daily Bell website is one of the authentic voices cutting through the clouds of vapid opinion, the morass of mediocre media and the confusion of Orwellian doublespeak. The Bell website lives up to its name, ringing unheard messages of truth in our ears.

    Jeffrey Armstrong
    Award-winning Author, Vedic Philosopher

  • SEPARATES WHEAT FROM CHAFF

    The Daily Bell is a true beacon to lead in helping the reader to separate the wheat from the chaff.

    Dr. Antal Fekete
    Author, Educator and Monetary Scientist

  • AWE INSPIRING

    The Daily Bell is one of the most innovative and in-depth websites on the Internet. The breadth of the content is awe inspiring and the amount of knowledge imparted is almost impossible to quantify. For me, as a liberty minded seeker of knowledge, it is a must read.

    Jeff Berwick
    Founder of DollarVigilante.com

  • ONE OF MY FAVORITE SITES

    The Daily Bell is one of five sites that I review every day because I find there a clear, common-sense interpretation of everyday events.

    Hugo Salinas-Price
    Mexican Billionaire, Founder of Grupo Elektra

  • A LEADING LIGHT

    The future is created by the people who build it, not the people who predict it will not exist. You can meet lots of important builders by reading The Daily Bell.

    Catherine Austin Fitts
    Former Assistant Secretary of Housing and Federal Housing Commissioner

  • AHEAD OF THE CURVE

    The Daily Bell has come out of nowhere to introduce to the Internet community some of the most intriguing and proactive interviews there are out there. Let's hear it for creativity and being ahead of the curve.

    Bill Murphy
    Chairman of Gold Anti-Trust Action Committee

  • FANTASTIC SOURCE

    The Daily Bell is a fantastic source of challenging thought from a wide range of freedom loving people.

    Dr. Joel Wade
    Author, Psychotherapist and Life Coach

 

Subscribe now to start your FREE email subscription to:

The Daily Bell Newswire

By subscribing, I confirm that I have read the privacy policy and the terms of use policy in its entirety and I understand and accept these terms.

 

 
Cost of Bin Laden Deception: US$3 Trillion

As we mark Osama bin Laden's death, what's striking is how much he cost our nation--and how little we've gained from our fight against him. By conservative estimates, bin Laden cost the United States at least $3 trillion over the past 15 years, counting the disruptions he wrought on the domestic economy, the wars and heightened security triggered by the terrorist attacks he engineered, and the direct efforts to hunt him down. – The Atlantic

Dominant Social Theme: Was it worth it? Not particularly? We need a more effective way to pursue the war on terror.

Free-Market Analysis: The Atlantic Magazine has published a remarkable article totaling up the cost of fighting bin Laden and pursuing the war on terror. Total dollars: US$3 trillion. Given the perilous state of Western finance, this amount of money reveals not the West's determination to fight for its rapidly vanishing "freedoms" but the utter contempt in which the Anglosphere's great banking families hold Western solvency.

It is far more important to pursue an illusory foe in an apparently made-up war than to create a prosperous civil society. The real war, evidently and obviously, is between the West's middle classes (now suffering through the agonies of austerity) and the Anglo-American banking elites.

But lest we sound too extreme (is this a real danger?) let us hasten to explain one more time the genesis of the war on terror, the creation of bin Laden and why the US$3 trillion sums up in hard dollars the contempt of Anglosphere elites for the Western masses that they purport to lead.

It is an important exercise in our view given the blanket coverage (around the world) of bin Laden's supposed death. We must begin long ago with the Soviet Union and its invasion of Afghanistan. But let us go back even further and remind our viewers and prescient feedbackers that even the USSR was in part a creation of Anglosphere elites which protected Red Communist leaders and funded their victory over the White Russians. In other words the Soviet Union was a creation at least partially of the Anglosphere elites. Keep that in mind.

Now fast forward to the somewhat inexplicable decision of the Russians to invade Afghanistan and the West's subsequent decision to encourage a local insurgency to fight against the USSR's invasion. To this end, the CIA and other Western intel forces created and funded a local group of Middle Eastern fighters that after the war were to be re-identified as "Al Qaeda," also known as the "foundation" (Arabic translation) and sometimes referred to as "the list." Not only did the CIA help fund and train this group, it also apparently helped ensure that Osama bin Laden – the scion of a wealthy Saudi construction family with close ties to the Bush family – would gain leadership of the group, supposedly because of the great fortune of US$300 million he had inherited from his family.

Osama, who apparently toured the US in the 1990s as a CIA asset known as Tim Osman, was formally identified as the head of this radical Islamic faction (Al Qaeda) in the later 1990s. This was important because bin Laden was supposedly dying of Marfan's disease, which is genetic and affects the joints and heart and in his case the kidneys. He needed constant dialysis and is said to have died peacefully in a French hospital in the late 1990s or early 2000s. Alternatively, he is said to have been assassinated in 2003.

This did not deter Western intelligence agencies, which apparently kept him alive (metaphorically anyway) and ultimately blamed him for 9/11. Who or what actually was responsible for 9/11 remains an open question (as the US government refuses to investigate further) but the chances that it was either bin Laden or Al Qaeda seem increasingly remote as a historic perspective is gained of the events surrounding 9/11.

Perhaps it was a radicalized, fundamentalist Islamic faction – the kind of blowblack that the CIA is famous for creating either on purpose or by mistake. But anyone who examines the life and apparent death of bin Laden with an open-mind (given the plethora of information on the Internet) would be hard pressed to believe that someone in his condition would have survived in good condition, without amputations or mental incompetency, through to 2011.

Thus we see, as others in the alternative news community have observed, that a false-history has likely been prepared – one that provides book ends to a decade-long military narrative. There are yet a good many questions as to who carried out the initial 9/11 attacks and how (especially given that bin Laden's great, modernized caves were never found in Tora Bora) and even more questions as to life, death and physical condition of bin Laden himself.

As to bin Laden's death in 2011 at the hands of American security forces, one can only marvel at the audacity of the presentation. There is no evidence that bin Laden lived out his life in the "compound" where he was supposedly shot; there is no body either as he was dumped at sea. There are no photos as they would be too gruesome to reveal, according to the US administration. The DNA tests that were said to be conducted actually took place in too short a time to be physically feasible.

There are of course home movies, but these have already been debunked by supposed "conspiratorial" sites such as those run by Alex Jones. All the images save one seem to be based on previously available images of bin Laden – and many of these are apparently demonstrably false as are the audio tapes he supposedly released throughout the past decade. There is one new image – or series of images – of an old man huddled in a robe looking at himself on a decrepit TV. But it is informative that the old man (bin Laden?) is only seen in profile, and the profile itself is not full on but is gained from a perspective – a camera angle – behind the left ear!

To sum up, there is not, apparently, one decent element of evidence that would even BEGIN to let an unbiased viewer believe that bin Laden was shot in Pakistan last week. Almost every single element of the bin Laden story does not seem to stand up to scrutiny. It is our considered bet that the great treasure trove of documents supposedly found on hard drives in this "safe house" will not produce new information than WikiLeaks has – another evident intelligence operation based on the principal of "limited hangout." (Alternatively, there were "terrorist" elements in the house, though no bin Laden, and it is possible that some useful information was obtained, but it is surely hard to winnow out what is truthful from what is not.)

Let us end by returning to the Atlantic article and its startling summation of cost. Certainly US$3 trillion, had it been spent correctly could have determined the true culprits of 9/11 and also established the actual narrative of the life and death of bin Laden. Instead, it has been spent invading two countries, Afghanistan and Iraq, that are partially destroyed and fairly destabilized. Here is how the Atlantic puts it:

What we are left with, after bin Laden, is a lingering bill that was exacerbated by decisions made in a decade-long campaign against him. We borrowed money to finance the war on terrorism rather than diverting other national-security funding or raising taxes. We expanded combat operations to Iraq before stabilizing Afghanistan, which in turn led to the recent reescalation of the American commitment there. We tolerated an unsupervised national-security apparatus, allowing it to grow so inefficient that, as The Washington Post reported in a major investigation last year, 1,271 different government institutions are charged with counterterrorism missions (51 alone track terrorism financing), which produce some 50,000 intelligence reports each year, many of which are simply not read.

We have also shelled out billions of dollars in reconstruction funding and walking-around money for soldiers, with little idea of whether it has even helped foreigners, much less the United States; independent investigations suggest as much as $23 billion is unaccounted for in Iraq alone. "We can't account for where any of it goes – that's the great tragedy in all of this," Hellman says. "The Pentagon cannot now and has never passed an audit--and, to me, that's just criminal."

It's worth repeating that the actual cost of bin Laden's September 11 attacks was between $50 billion and $100 billion. That number could have been higher, says Adam Rose, coordinator for economics at the University of Southern California's National Center for Risk and Economic Analysis of Terrorism Events, but for the resilience of the U.S. economy and the quick response of policymakers to inject liquidity and stimulate consumer spending. But the cost could also have been much lower, he says, if consumers hadn't paid a fear premium--shying away from air travel and tourism in the aftermath of the attacks. "Ironically," he says, "we as Americans had more to do with the bottom-line outcome than the terrorist attack itself, on both the positive side and the negative side."

The same is true of the nation's decision, for so many reasons, to spend at least $3 trillion responding to bin Laden's attacks. More than actual security, we bought a sense of action in the face of what felt like an existential threat. We staved off another attack on domestic soil. Our debt load was creeping up already, thanks to the early waves stages of baby-boomer retirements, but we also hastened a fiscal mess that has begun, in time, to fulfill bin Laden's vision of a bankrupt America. If left unchecked, our current rate of deficit spending would add $9 trillion to the national debt over the next decade. That's three Osamas, right there.

Although bin Laden is buried in the sea, other Islamist extremists are already vying to take his place. In time, new enemies, foreign and domestic, will rise to challenge America. What they will cost us, far more than we realize, is our choice.

This is surely a gloomy assessment and as we suggested at the beginning of this article it does far more to establish the contempt with which Western elites hold American and European middle classes than it does the determination of Western governments to successfully pursue a war on terror. Al Qaeda was at least in its initial terrorist stages partially a promotion of Western intelligence; bin Laden was the scion of a family with close business ties to the Bush family and apparently a CIA asset to boot; he was a very sick man a decade ago (at least) and the idea that he survived to 2011 is doubtful in the extreme.

There is no doubt the war on terror is a manipulated war. The Internet itself has challenged most of the dominant social themes of the Anglo-American power elite and left it increasingly puzzled as to how it can pursue its goal of world domination without the kind of total media control it enjoyed in the 20th century. The result of this puzzlement is predictable; war and more war. They did it 500 years ago when the Gutenberg press broke the elite stranglehold on information and they are doing it now, in our view.

For the elites, money does not matter. They control central banks around the world and can print as much money as they wish and fund whatever programs they wish to fund. (Though eventually economic and political considerations of nation-states wil take their toll.) The US$3 trillion drained from Western coffers to pursue illusory wars and phantom enemies is in fact a net-positive from the point of view of Western elites. With their fear-based promotions foundering, Money Power has increasingly fallen back on brute force and authoritarianism. And this means that the world itself must be thrown into chaos and poverty lest the middle classes look too closely at the false narrative being constructed around them.

Conclusion

This is the cost of the lies that are being told and the manipulation being promulgated. A cool US$3 trillion. Even the Soviet Union never spent money like that. For the Anglosphere elites, pursuing their program of world governance as they are, money is no object. We knew that. But the Atlantic has done us a favor by totaling up the sum.

Rate this article:

Total Ratings: 0 - Average Rating: 0.0

Books by Anthony Wile
Financial
Freedom

The High Alert Way to Discover Winning and Profitable Investment Ideas

Free Download   Order Now

The Best of
Anthony Wile

Select Editorials & Exclusive Interviews As featured at TheDailyBell.com

Free Download   Order Now

High
Alert

How the Internet Reformation is causing a financial hurricane - and how to profit from it

Free Download   Order Now

The Liberation
of Flockhead

A modest, monetary fable

Free Download   Order Now


Anthony Wile
Meet High Alert's Chief Investment Officer

Anthony Wile, High Alert's Chief Investment Advisor and Chairman of the Partnership Selection Committee, is an active investor, business strategist and consultant, financial markets commentator, publisher and author.

read more

 
 
Investors Edge

Member Login

Join Today