“If This is What Smart Diplomacy Looks Like…”

I do believe I’m ready to try Dumb Power again….

Tunis: Three Dead During Attack On US Embassy

Clashes have erupted in 11 countries in the Middle East, Africa and Asia as anger over an anti-Muslim film created in the US boils over.

Unrest has spread among Muslims around the world, provoked by the video which depicts the Prophet Mohammed having sex, calling for massacres, and as a homosexual.

US President Barack Obama ordered a review of security procedures at all US diplomatic facilities worldwide after protests targeted American embassies and consulates.

The violence followed Tuesday night’s storming of the US Consulate and a safe house in Benghazi, Libya, in which the US ambassador to the country, Chris Stevens, and three other American officials were killed.

All from a sh*tty video posted on YouTube… or something…

UPDATED: The Obama Doctrine in Photos…

Villainous Company

Arab Countries Have Deranged, Nasty and Unpleasant Dictators…

Because…

Arab societies are deranged, nasty and unpleasant–thanks largely to the brand of Islam practiced in those societies which is particularly deranged, nasty, and unpleasant.

The problem is not one regime or another. The problem is not creating yet another Arab state in “Palestine.” The problem is not our insensitivity. The problem is Arab Islam. The deep, deep pathologies of Arab Islamic societies are out for all to see . . . yet again. And our great, overpaid liberal mass media with all their highly “educated” anchors and pundits, what are they covering? They are attacking Governor Romney for daring to say that we should never apologize for our core beliefs. The media and many at State, including the increasingly unhinged Hillary Clinton, claim that the unrest we now see in the Arab world, unrest which takes the form of attacking US embassies and murdering our people, is due to some obscure video made in July by some obscure person who has yet to be fully identified. Perhaps, then, it was in anticipation of this film that Osama bin-Ladin had his crazies fly planes into the Pentagon and the World Trade Center? Wouldn’t be a surprise for the media to allege that . . .

Diplomad 2.0, via SDA

“Its Never Different This Time…”

Bernanke is supposedly a “student” of the Great Depression…

From bubbles to deleveragings and how the inter-relationships of various cycles bring about consistent trends and corrections, the clip below and full readings are perhaps useful as we tread Wile E. Coyote-like off the edge of traditional monetary policy and encounter apparently different environments that in fact have occurred in perhaps alternate ways again and again over time. Great weekend viewing/reading on the three ways out of the current crisis that the Fed clearly believes we are in and the inevitability of his findings that “in all deleveragings, in the end they print money.”

But not a good student

In other news…

US Credit Rating Cut by Egan-Jones … Again

In its downgrade, the firm said that issuing more currency and depressing interest rates through purchasing mortgage-backed securities does little to raise the U.S.’s real gross domestic product, but reduces the value of the dollar.

In turn, this increases the cost of commodities, which will pressure the profitability of businesses and increase the costs of consumers thereby reducing consumer purchasing power, the firm said.

 

Zero Hedge, CNBC

US General Attacks First Amendment

When was the last time a “leader” had a General contact a private citizen in an attempt to silence opinion?

U.S. Army General Martin Dempsey chairman of the Joint Chiefs of Staff, has decided to weigh in on the violence that has erupted in the Middle East. He has asked Florida pastor Terry Jones to back off supporting the movie that portrays the Prophet Mohammed in a negative way.

Funny, thought guys like Dempsey pledged to uphold the Constitution.

Welcome to the Obama domestic doctrine.

UPDATE: Michelle Malkin offers more…

Breitbart

Fed Feeds the Banks $4Trillion, Krugman Wants More

Now that they’ve wiped out the retail investor, destroyed the housing and job market and inflated commodities and assets beyond comprehension – all to sustain the illusion of a “recovery” – Bernanke agrees to buy bad mortgages from the banks, and Krugman is not happy.

The Nobel Prize winning ninny doesn’t think $4 trillion is enough…

Nobel-prize winning economist Paul Krugman said that the third round of Federal Reserve asset purchases announced yesterday may be too small of a stimulus for the struggling U.S. economy.

The Princeton University economist, speaking at an event in Sao Paulo today, said that the Ben S. Bernanke’s pledge to buy $40 billion of mortgage debt a month could’ve included a commitment to maintain the asset purchase program for an extended period of time or until the unemployment rate falls to a targeted level.

“The change in tone is important but I would have liked a more stronger [sic] statement,” Krugman said. “It leaves things a bit unclear.”

No Nobel Prizes for grammar – apparently….

The cost of Obama’s presidency

Zero Hedge