Britsh MPs visiting the Pentagon to discuss America's stance on Iran and Iraq were shocked to be told by one of President Bush's senior women officials: "I hate all Iranians."
And she also accused Britain of "dismantling" the Anglo-US-led coalition in Iraq by pulling troops out of Basra too soon.
The all-party group of MPs say Debra Cagan, Deputy Assistant Secretary for Coalition Affairs to Defence Secretary Robert Gates, made the comments this month.
The six MPs were taken aback by the hardline approach of the Pentagon and in particular Ms Cagan, one of Mr Bush's foreign policy advisers.
She made it clear that although the US had no plans to attack Iran, it did not rule out doing so if the Iranians ignored warnings not to develop a nuclear bomb.
It was her tone when they met her on September 11 that shocked them most.
The MPs say that at one point she said: "In any case, I hate all Iranians."
Although it was an aside, it was not out of keeping with her general demeanour.
"She seemed more keen on saying she didn't like Iranians than that the US had no plans to attack Iran," said one MP. "She did say there were no plans for an attack but the tone did not fit the words."
Why is that a German cross I see hanging around your neck? How appropriate...
An anonymous investor has placed a bet on an index of Europe's top 50 stocks falling by a third by the end of September, as world equity markets plunged for a third day and volatility hit a three-year high.
The mystery investor has bought put option contracts on the DJ Eurostoxx 50 index that will result in a profit if it plunges to 2,800 or below by the end of September. Based on the 2,800 strike price, the position covers a notional €6.9bn, and potentially even more using a market price of about 4,100 when the trades were done on Tuesday and Wednesday.
The identity of the investor is unknown but market sources speculated it was either a large hedge fund hedging itself against deepening losses, or a long-only fund manager pressing the panic button to protect its gains.
The investor has bought a total of 245,000 put options on the index. The September put option with a 2,800 strike was the most popular DJ Eurostoxx 50 contract yesterday, according to data from Bloomberg. Continue article...
The two sales are being referred to by market traders as "bin Laden trades" because only an event on the scale of 9-11 could make these short-sell options valuable.
There are 65,000 contracts @ $750.00 for the SPX 700 calls for open interest. That controls 6.5 million shares at $750 = $4.5 Billion. Not a single trade. But quite a bit of $$ on a contract that is 700 points away from current value. No one would buy that deep "in the money" calls. No reason to. So if they were sold looks like someone betting on massive dislocation. Lots of very strange option activity that I haven't seen before.
The entity or individual offering these sales can only make money if the market drops 30%-50% within the next four weeks. If the market does not drop, the entity or individual involved stands to lose over $1 billion just for engaging in these contracts!
Clearly, someone knows something big is going to happen BEFORE the options expire on Sept. 21.
Why would you bet that much money against the market? The only reason you would is if you had fore-knowledge of a catastrophic event. Something like...
Al Qaeda has an active plot to hit the West. The United States knows about it but doesn’t have enough tactical detail to issue a precise warning or raise the threat level, says Vice Admiral (ret.) John Scott Redd, who heads the government’s National Counterterrorism Center. In an interview at his headquarters near Washington, D.C., Redd told Newsweek’s Mark Hosenball and Jeffrey Bartholet that the country is better prepared than ever to counter such threats. But he also believes another successful terror attack on the U.S. homeland is inevitable. Continue article...
I know they have been saying this since 9-11 but there has been a renewed drum beat to war with Iran on the 24 hour cable news networks and it appears I am not the only one who has noticed it.
Massive evidence has come to our attention which shows that the backers, controllers, and allies of Vice President Dick Cheney are determined to orchestrate and manufacture a new 9/11 terror incident, and/or a new Gulf of Tonkin war provocation over the coming weeks and months. Such events would be used by the Bush administration as a pretext for launching an aggressive war against Iran, quite possibly with nuclear weapons, and for imposing a regime of martial law here in the United States. Continue article...
Not to mention the heightened security in the nation's capital...
Members of the 1st Battalion 265 Air Defense Artillery have mobilized and are on a plane headed first to Ft. Bliss, then for federal active duty in the capital region.
And let us not forget what Bush said earlier this week at the VFW...
So let's get this straight: the media is trumpeting what a threat to US Iran is, administration officials are repeatedly saying something is coming, someone stands to make two billion dollars if the stock market takes a dive like on 9-11, and now we have Bush bringing up the spectre of a "nuclear holocaust." There is a term for this in boxing... it's called telegraphing.
