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Aug 6, 2011

Video Of Taliban Shooting Down U.S. Helicopter Carrying SEAL Team Six In Afghanistan, 31 Special Forces Killed




Start watching at the 45-second mark.  More video and details inside.
"1,2,3 What Are We Fighting For.  Don't Ask Me I Don't Give A Damn.  Next Stop Is Vietnam."
KABUL, Afghanistan -- A military helicopter was shot down in eastern Afghanistan, killing 31 U.S. special operation troops, most of them from the elite Navy SEALs unit that killed Al Qaeda leader Usama bin Laden, along with seven Afghan commandos. It was the deadliest single incident for American forces in the decade-long war.
One current and one former U.S. official said that the dead included more than 20 Navy SEALs from SEAL Team Six, the unit that carried out the raid in Pakistan in May that killed bin Laden. They were being flown by a crew of the 160th Special Operations Aviation Regiment. Both officials spoke on condition of anonymity because families are still being notified.
Continue reading...

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Footage of downed U.S. Chinook in Afghanistan Saturday.
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"1,2,3...What Are We Fighting For...Don't Ask Me I Don't Give A Damn. Next Stop Is Vietnam."
Separa
Country Joe McDonald - Woodstock

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Related:

Deaths of SEAL Team 6 Exposed




IED Used To Destroy 13 NATO Oil Tankers In Peshawar

The bitcoin week in review: Panic! At the Bitcoin! - PressTV: Max Keiser & Rick Falkvinge


In case you haven’t heard, this last week has been a very busy and very eventful week for bitcoin. For some reason a regulation-free market just isn’t working out. Here’s what’s happened.
 
  1. Dwolla started spitting out money like a broken ATM. Dwolla, one of the largest USD -> Bitcoin payment processors used by Mt. Gox and Tradehill, had done chargebacks on behalf of their users against the markets. This was not supposed to be possible as bitcoin transactions cannot be reversed and therefore the users got the bitcoins AND the cash. Tradehill states they lost about 37k, but Mt. Gox denies any chargebacks, which is highly unlikely considering they are 10x bigger than tradehill. If Mt. Gox did suffer chargebacks, then would be around $1mil in the hole, making them insolvent at this point.
  2. MyBitcoin, the largest online “bank” for bitcoins, simply vanished from the net. They have been around for quite a while but have always seemed a little shady. Like, having a private whois on the domain and using parts of their website through the Tor network. Despite all this, a very large amount of people had their wallets in MyBitcoins, including Bruce Wagner, the owner of OnlyOneTV, producer of “The Bitcoin Show” and hosting the Bitcoin Conference who personally lost 25k bitcoins ($250k USD). Ironically, the 3 restaurants accepting bitcoins as payments also stored their wallets in MyBitcoin. The FBI was notified (lol), but the owner is believed to be living in Barbados currently but there’s no chance in hell anyone will or care to find him.
  3. Bitomat.pl, the largest Polish bitcoin exchange and 3rd largest exchange in existence, is run by an incompetent CIS major. He hosts the entire exchange on an Amazon EC2 server made for quick CPU calculation projects and decides against the $10/ for persistant storage. In the process of upgrading the RAM on the service, he apparently does not understand that it will restart the instance, wiping the storage portion clean and losing everyone’s wallets in an instance. Of course this exchange had no backups (which that $10/mo would have handled with multi-distributed backups). The exchange ended up losing over 17,000 BTC and is currently up for sale to pay back the people who lost their coins. As to who is going to pay $200,000 to buy an exchange with no customers, no traffic and no income is beyond me.
As a result, the price of bitcoins has tanked. BTC started around $12.50 on Tuesday and is currently under $8, with no sight of slowing down. I don’t think it’ll be a quick crash, but I think we’ll be looking at a long, drawn out slide to >$1 rates.
On the plus sides, there should be a glut of cheap video cards hitting eBay very soon.
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PressTV - Max Keiser & Rick Falkvinge



PressTV - Max Keiser & Rick Falkvinge
Rick Falkvinge (@Falkvinge) is interviewed by Max Keiser on PressTV’s On The Edge show.  Excerpts:
Max: Bitcoin sounds like gold and silver in a lot of ways, but the people in the gold and silver crowd don’t like Bitcoin.  What are they missing?
Rick: What sets Bitcoin apart from gold and silver are primarily three things: Bitcoin is divisible, it is remote — it can be traded at a distance, and it is portable.
Max: Have you looked at Facebook Credits?
Rick: I believe Facebook created [Credits] for two reasons.  First of all it is a legal circumvention device against gambling laws.  Second, this is an attempt to capture not just users’s attention but their economy [and stay locked] within Facebook’s walled garden.  I might buy a bit of in-game credit [as prepayment] but I would not be comfortable with [storing money with Facebook].
Length 23 minutes.

Germany Says Italy Is Too Big To Bail, Refuses To Carry Euro Bailout Burden

From Zero Hedge08/06/2011:

Remember when we said (yesterday) that Germany will soon balk over the fact that it is pledging its entire economy to bail out an insolvent Europe? Well, that moment has come.
Dow Jones just hitting the tape referencing Spiegel
  • German Govt: Italy Too Big For EFSF To Save - Spiegel
  • German Govt: Doubts Whether Tripling EFSF Would Help It Save Italy
  • German Govt: Italy Must Make Savings, Reforms To Exit Crisis - Spiegel
  • Italy Debt Guarantee Could Raise Doubts Over Germany's Finances - Spiegel
  • German Govt: EFSF Should Only Help Small, Mid-Size Countries - Spiegel
As a reminder, yesterday's stopgap announcement by the ECB to expand its SMP purchases of secondary market Italian and Spanish bonds was merely as a precursor to full EFSF monetization until its comes fully online in September (or sooner) in a vastly expanded format (between €1.5 and €3.5 trillion).
If Germany is now against this, which appears to be the case, it pretty much means, well, game over.
Add the uncerainty over the unwind of the Europe rescue "gamechanger" as one of the more naive CNBC anchors said yesterday, and Monday is now guaranteed to be a bloodbath.
As for those saying China will gladly step in and fund a $5 trillion EFSF shortfall, they may want to read the following article from Reuters:
Italian Economy Minister Giulio Tremonti said on Thursday that Asian investors are reluctant to buy Italian bonds because it sees they are not being bought by the European Central Bank.

Speaking at a news conference, Tremonti also said it would be desirable for the central bank to follow the lead of the Japanese and Swiss central banks in taking expansionary steps to tackly the euro zone's crisis.

"I note that the Bank of Japan today launched quantitative easing and the Swiss cen bank cut rates to zero, we are waiting for decisions if possible, but desirable (from the ECB)," Tremonti said.

When you talk to Asia they say: "We don't understand what Europe is," he continued. "The second point is that they say 'if your central bank doesn't buy your bonds, why should we buy them"?
P.S. Time to unwind that Bund short we suggested yesterday. In fact, if true, it is time for a big rush to safety.

Fernando Aguirre: First Hand Witness of Argentinian Economic & Currency Collapse Shares Powerful Interview


from Contrary Investors Cafe:
Tekoa Da Silva speaks with Fernando Aguirre, a first hand witness of the economic disaster & collapse of Argentina’s economy & currency in 2001. Author of “Surviving the Economic Collapse” Fernando tells chilling stories of bank closures, life savings lost, & starving people slaughtering cattle on public roads just to survive. This is one of our most important interviews ever!
Click Here to Listen to the Interview

Documents: Obama Admin. “Walked” Guns to Sinaloa Cartel, Allowed Cocaine into U.S.


Blockbuster allegations filed in Chicago by attorneys for captured Sinaloa kingpin, Vicente Zambada Niebla
The Obama administration, at the highest levels, and likely Attorney General Eric Holder and President Obama themselves,  authorized  the sale of  at least 2,000 high-powered rifles and other sophisticated weapons to the “Sinaloa” Mexican drug cartel.   As bad as that is, it doesn’t stop there.   It is now learned through sworn affidavits in U.S. District court that the U.S. government, at very high levels, “negotiated” to allow tons of Sinaloa cocaine into the country, supposedly in exchange for information about other drug gangs.
Sinaloa cartel's "unique" arrangement with U.S. government allowed cocaine into the country in exchange for "intel" on rival cartels
This is a scandal much bigger than the penny-candy Watergate burglary of an office, which brought down the presidency of Richard Nixon.  This is not a scandal to be wasted and covered-up by some impeachment-going-nowhere in the U.S. Congress.  This is criminal racketeering, drug conspiracy, weapons trafficking, suborning of perjury, obstruction of justice, and gun trafficking.  This is also a murder case because 2 federal agents,  BP  Agent Brian Terry and ICE’s Jaime Zapata, were killed by some of the “walked”  “Fast and Furious” weapons. Documents filed with the Chicago U.S. district court claim at least 3,000 Mexican citizens have been killed by the U.S.-provided weapons.

 
Anabel Hernandez author of Senores del Narco
The information about the Obama administration “cooperation” with the murderous Sinaloa carteleros began to emerge last spring, through the efforts of Mexican journalist/author Anabel Hernandez.   Her book,  Lords Del Narco, claims that current Mexican president Felipe Calderon, is a puppet of Sinaloa:
Robert Farago: “Truth About Guns” website  Via eldiariodechihuahua.com[Google translation] published April 4, 2011:
“The security strategy deployed by the federal government in Mexico and particularly in Ciudad Juárez to fight drug trafficking is a lie because the government of Felipe Calderón protects the Sinaloa cartel and its leader, Joaquin “El Chapo” Guzman, claims Anabel Hernandez, Mexican journalist.
The author of “The Lords of Narco” said the U.S. action in the midst of this “war” has not been very clear. Information is surfacing that indicates that Sinaloa Cartel operations in Mexico have the concurrence of bodies like the Drug Enforcement Administration (DEA).
“For the federal government priority is only the enemies of ‘El Chapo’ and that’s why we have the slaughter, so Ciudad Juárez is as it is,” says the journalist from Italy, where she teaches a series of conferences on the issue of organized crime.
Anabel Hernández has made quite the charge: the Sinaloa cartel has bought the Mexican government lock, stock and Calderon. What’s more, the DEA knows about the corruption and plays ball with Calderon to catchother cartels, giving the Sinaloas a pass. Which would account for Calderon’s lack of indignation on the whole Gunwalker deal.
Hernandez:  “A few days ago I published a document in which the lawyers of Vicente Zambada Niebla, son of the “Mayo” Zambada [above], will argue as a defense to Chicago Federal Court alleged Sinaloa drug cartel had been operating with the approval of agencies like the DEA.
That would open another chapter in history to finish to understand what is happening. I could document and the book is, is that the Department of State United States is quite clear that today the most powerful cartel in the United States, the criminal organization of drug sales more important, the Sinaloa Cartel, which is mapped by city, state, and is the one that has spread throughout the country.
How did this happen under the noses of the United States government? One of two things: either it is one of his mistakes largest national security in recent years and is an issue of corruption also larger on that side of the border.”
More than a year ago, even the liberal news organization NPR was findingcorruption in the supposed “war on drugs:”
“[Mexican president Felipe] Calderon has deployed 45,000 federal troops and police to combat the drug gangs. Yet in the midst of this crackdown, the Sinaloa cartel — the largest, oldest and richest in Mexico — appears to be flourishing.
An NPR News investigation has found strong evidence of collusion between elements of the Mexican army and the Sinaloa cartel in the violent border city of Juarez.
Dozens of interviews with current and former law enforcement agents, organized crime experts, elected representatives, and victims of violence suggest that the Sinaloans depend on bribes to top government officials to help their leader, Joaquin “El Chapo” Guzman, elude capture, expand his empire and keep his operatives out of jail.
“I work in the police and because of this I know the government is protecting Chapo Guzman. It’s hitting all the cartels but Chapo,” said Luis Arturo Perez Torres, 25, until recently a federal police officer stationed in a suburb of Mexico City.
This NPR series was reported in collaboration with investigative producer Bruce Livesey.
You can find Livesey’s reporting from Juarez at CBC Dispatches, CBC Radio’s weekly foreign affairs program.
Guzman is the world’s most wanted drug lord. His home base is the Pacific coastal state of Sinaloa, known as Mexico’s “Sicily.” It’s the premier narco-state, with a long coastline for smuggling cocaine from South America, and rugged mountains to hide cannabis crops.
Manuel Clouthier, a congressman from Sinaloa state and a member of Calderon’s political party, is deeply frustrated by his country’s drug war. He says drug-related murders average 200 a month in his state.
‘We Should Be Tearing It Out By The Roots’
“The Calderon government has been fighting organized crime in many parts of the republic, but has not touched Sinaloa,” said Clouthier. “I know this. I’m Sinaloan. My family lives in Sinaloa. It is like we’re trimming the branches of a tree, when we should be tearing it out by the roots.”
Diana Washington Valdez of the El Paso Times broke the story this week  when the documents were filed in Chicago. There is this update from Fox News.   
A special prosecutor needs to be appointed.  Barack Obama and Eric Holder are drug dealers and gun traffickers whose reckless operations using federal agencies have caused the deaths of thousands of Mexican citizens and two American agents. 
Based on documents, interviews, and links below,  the facts that should lead to a special prosecutor and indictment of Barack Obama administration officials are:
—The  Mexican “Sinaloa” cartel has been the “beneficiary” of the “walked” guns which were ordered to be sold through American gun dealers ( over their protests and the protests of low-ranking ATF field agents) to straw men operating in behalf of Sinaloa. 
— Sinaloa, and only Sinaloa had its cocaine business protected by the U.S. government.
—Sinaloa cartel is protecting, and protected by, Mexican president Felipe Calderon.
— Two federal American agents, and at least 3,000 Mexicans have been killed by “walked” guns.
— The Obama administration was motivated to “walk” guns to the Sinaloa cartel to give the American public the impression that American gun dealers on the border need to have more rules and controls.  The president has recently instituted tighter gun controls by “executive order” along the border.  Gun groups have gone to court  to stop it.
—It is not known what motivation there was for the U.S. government to enable cocaine trafficking, however there are court settlements on record to show that major U.S. banks, such as Wachovia, have been laundering money for the cartels for years.
—Sinaloa cartel is now considered so well-armed  with the ill-gotten U.S. armaments that it is capable of waging a war.
Sources:
NPR: May 19, 2010: Sinaloa seems to be getting favorable treatment from Mexican government
Previously on UNCOVERAGE.net:
More from the El Paso Times:
Related posts:
  1. Fast and Furious: Report Says Sinaloa Cartel Has Enough U.S. Guns to be an Army   Sen. Charles Grassley [R-Iowa] has released a  shocking new...
  2. Los Angeles Times Series on the Sinaloa Drug Cartel From the Los Angeles Times via Borderland Beat, here is...
  3. “Fast and Furious:” Captured Drug Cartel Leader Talks About Guns, Probe is “Widening” Cross-posted at RIGHT WING News Fox News’ Brit Hume said...
  4. “Fast and Furious:” Drug Cartel Plot to Overthrow Mexican Gov’t Using American Guns  Kurt Nimmo has more detail on the blockbuster revelation that...
  5. Mexico Narco News: Hezbollah Link is Proved/Cartel Bribing President’s Staff  By Jane Jamison(compiled from multiple sources) More than 15,000 were...

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Protect Your ASSets: Buy Gold or Silver NOW - If you wait you will be late.
(He who panics first, just may salvage something.