http://www.canadafreepress.com/2006/jonsson092906.htm#america
To Make America Bleed Profusely To The Point Of Bankruptcy To understand the thinking of Al-Qaeda and economics it is important to review Osama bin Laden's speech released on October 29, 2004, as broadcast by Al-Sahab Institute for Media Production, which is known to produce Al-Qa'ida's video messages. The translation is given at Memri Special Dispatch Series - No. 811 November 5, 2004 No.811: The Full Version of Osama bin Laden's Speech <http://www.memri.org/bin/articles.cgi?Area=sd&ID=SP81104'%20target=> . 'As previously mentioned, it was easy for us to provoke this administration and to drag it [after us]. It was enough for us to send two Jihad fighters to the farthest east to hoist a rag on which 'Al-Qa'ida' was written -- that was enough to cause generals to rush off to this place, thereby causing America human and financial and political losses, without it accomplishing anything worthy of mention, apart from giving business to [the generals'] private corporations. Besides, we gained experience in guerilla warfare and in conducting a war of attrition in our fight with the iniquitous, great power, that is, when we conducted a war of attrition against Russia with Jihad fighters for 10 years until they went bankrupt, with Allah's grace; as a result, they were forced to withdraw in defeat, all praise and thanks to Allah. We are continuing in the same policy -- to make America bleed profusely to the point of bankruptcy, Allah willing. And that is not too difficult for Allah.' [Emphasis added] 'Whoever says that Al-Qa'ida triumphed over the White House administration, or that the White House administration lost this war -- this is not entirely accurate, for if we look carefully at the results, it is impossible to say that Al-Qa'ida is the only cause for these amazing gains. The White House policy, which strove to open war fronts so as to give business to their various corporations -- be they in the field of armament, of oil, or of construction -- also helped in accomplishing these astonishing achievements for Al-Qa'ida. It appeared to some analysts and diplomats as though we and the White House play as one team to score a goal against the United States of America, even though our intentions differ. Such ideas, and some others, were pointed out by a British diplomat in the course of a lecture at the Royal Institute for International Affairs; for example, that Al-Qa'ida spent $500,000 on the event [9/11] while America lost in the event and its subsequent effects more than 500 billion dollars; that is to say that each of Al-Qa'ida's dollars defeated one million American dollars, thanks to Allah's grace. This is in addition to the fact that America lost a large number of jobs, and as for the [federal] deficit, it lost a record number estimated at a trillion dollars.' 'Even more serious for America is the fact that the Jihad fighters have recently forced Bush to resort to an emergency budget in order to continue the fighting in Afghanistan and in Iraq, which proves the success of the plan of bleeding [America] to the point of bankruptcy, Allah willing.' In the Financial Times article on September 28, 2006 by Alex Barker and Stephen Fidler, World military forces face overstretch <http://www.ft.com/cms/s/eb0cc89a-4e88-11db-bcbc-0000779e2340.html'%20target => , they discuss the severity of meeting the needs of military action worldwide. Military analysts are talking of overstretch in the world's largest military: the US has more than 140,000 troops in Iraq at least into next year, and 20,000 in Afghanistan. But the word is now being widely used elsewhere. Jeremy Black, a professor of history at the University of Exeter, says Britain's forces are overstretched. 'There has been a mismatch between [government] aspirations and the ability to execute,' he says. Senior military officers describe the UK military as stretched by commitments that include 8,500 troops in Iraq and the Gulf, 5,600 in Afghanistan and 8,500 in Northern Ireland. The new chief of the army last month described it as 'running hot' and a quarter of the 102,000-strong army was deployed on operations and other military tasks, according to a July parliamentary report. In my recent article: Structural Changes -- Destruction Of The U.S. Dollar <http://www.globalpolitician.com/articledes.asp?ID=1697&cid=1&sid=45'%20targ et=> I discussed the potential impact on the economy. Martin Wolf in the editorial in the Financial Times of September 27, 2006 America could slow down the world <http://www.ft.com/cms/s/c8b24a50-4dc4-11db-8704-0000779e2340.html'%20target => continues the analysis; 'In particular, a combination of weakening US demand, a tumbling dollar, intractable inflation and a bout of protectionism may threaten our happy story.' 'At present, perhaps one-seventh of the rest of the world's gross savings (and a higher proportion of its net savings) are being absorbed by the US current-account deficit. This excess of savings over investment in the rest of the world is not the result of high US or global real interest rates. On the contrary, real interest rates are astonishingly low. The rest of the world's surplus savings and consequent demand for US assets are driving the US current account deficits, rather than the other way round.' Financial events and oil price are significant in war to maintain freedom and liberty. 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