Bleeding To Bankruptcy, Revisited
Tomorrow Adm. Dennis Blair, the director of national intelligence, is going to give the Senate Armed Services Committee a briefing on the threats facing the
Jul 31, 20209K Shares3M Views
Tomorrow Adm. Dennis Blair, the director of national intelligence, is going to givethe Senate Armed Services Committee a briefing on the threats facing the country. What he’s going to say is pretty clear, since he already told the Senate intelligence committeelast month that the global economic disaster has replaced terrorism as the United States’ number-one danger. But here’s the thing: is it really either/or?
has never believed it could actually defeat the United States at so much as a ping-pong match. What it looks to do instead is lure the United States into strategically untenable situations in which the U.S. arouses widespread Muslim anger and experiences too much military pain at too high an economic price to justify a continued presence on the Arabian peninsula. We know this because, like, Osama bin Laden says it. It’s worked to some degree — a couple of years ago this country, like a less-self-aware Nicholas Cage in Leaving Las Vegas, went out of its mind and invaded and occupied Iraq — but nowhere near sufficiently, as the United State will undoubtedly retain an on-shore presence in the Peninsula, and much of the Arab world won’t really care somuch. Could the economic crisis be an opportunity for ?
“„Al-Qaeda’s focus on economic targets will likely sharpen under the current economic conditions, prompting more strikes on oil facilities on land or against ships at sea — a capability already demonstrated by the attack on a French tanker off the coast of Yemen in October 2002.
On the one hand, the lastsuch successful major attack on an oil tanker was probably that French-tanker assault; and the economic crunch will also affect al-Qaeda’s fundraising. Barrett warns that the flip side of this is that counterterrorism program budgets are going to come under pressure due to depleted government coffers, something he warns against. Then he makes this interesting point:
“„The private sector plays a pivotal, frontline role in countering terrorism financing, as well as in post-incident investigations. Banks know more about their clients than any other professional body: they know how, where, and when their clients get their money, as well as how, where, and when they spend it. Without bank cooperation, counterterrorism work would be far more difficult and less successful.
You know what would make bank cooperation a lot easier? Nationalization. Come on, it’s your patriotic duty.
Camilo Wood
Reviewer
Camilo Wood has over two decades of experience as a writer and journalist, specializing in finance and economics. With a degree in Economics and a background in financial research and analysis, Camilo brings a wealth of knowledge and expertise to his writing.
Throughout his career, Camilo has contributed to numerous publications, covering a wide range of topics such as global economic trends, investment strategies, and market analysis. His articles are recognized for their insightful analysis and clear explanations, making complex financial concepts accessible to readers.
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