To: Secret_Agent_Man who wrote (203831 ) 11/10/2002 9:04:31 PM From: Secret_Agent_Man Respond to of 436258 You have no doubt heard of the US interventions into Bosnia, Somalia, Haiti and Kosovo, but not about Sierra Leone. The Sierra Leone government had Nigerian troops assist them in their fight against rebels along with South African mercenaries and by a US company managed by Special Forces operatives called International Charter Inc. of Oregon. This is one of several companies that supplies mercenaries for foreign adventures sanctioned by the State Department, Defense and the CIA. These actions are part of a global trend of military outsourcing and foreign policy by proxy. There are 90 private military companies (PMCs) that have operated in 110 countries worldwide. Mercenaries are officially outlawed under Article 47 of the Geneva Convention. These mercenaries supposedly stay behind the scenes, but always end up in or close to combat. As we mentioned in an earlier article, since 1994 the US Defense Department has entered into 3,061 contracts with 12 US based PMCs. More than 2700 contracts were with Kellogg Brown and Root and Booz Allen Hamilton. We won’t go into all the other companies but they are all elitist owned and controlled. PMCs are potentially destabilizing forces. They have lack of transparency and public oversight, perform for profit rather than national interest, form a bridge between government and former employees, and present potential for conflicts of interest. Many are also working for foreign governments. We have extensive research on the subject but the bottom line is the US Government should not be using mercenary armies to work against perceived enemies. It undermines our constitution and American morality and it should be stopped. Saddam Hussein, in spite of an eminent attack, is not letting any grass grow under his feet. He recently made deals with major oil companies in France, Italy, Spain, Turkey, China and India. Russia has tremendous deals. Lukoil has signed a multi-billion-dollar oil production deal. These deals mean that when UN sanctions are lifted US companies will get cut out. Consequently the US has to go to war to get part of the action. As we said in a recent issue, war and a US takeover of the oil interests would mean $15-$18.00 oil. This opinion was also expressed recently by Mikhail Khodorkowsky, CEO of Russia’s Yukos Oil Company. Crude oil exports provide 25% of Russian government’s income, thus Russian interest in Iraq is economic not political. War in Iraq will cost Russia a great deal financially. The Bush-elitists group must weigh the economic costs and benefits that an Iraq invasion will bring including terrorism again on US soil and possible nuclear war. If they start the war they could be a big loser even if they win. The US and Europe are both in recession. The euro is trading at about parity again probably by default. Both the US and Europe are in a terrible mess. The dollar index is fast approaching 106 again and if that is broken support exists at 102 to 102.50. After that it’s freefall. Once interest rates go to 1% or 1.25% they probably can’t go lower, which means that mechanism can no longer be used to support the dollar. 2003 will be the most dangerous year in 73 years as many economic forces converge into what could be the biggest depression in modern times. This is the result of systemic cracks in the world financial system and globalization/free trade. This is resulting in worldwide deflation and an abundance of even cheaper goods and now services. World trade volumes increased 8.2% from 1994-2000 or 50% faster than the 5.6% average growth over the preceding decade. Global foreign affiliate sales hit 60% of world GDP in 2001, a record. Since the collapse of the equity and real estate markets in Japan in 1994, domestic growth has been 1.3% a year and it is still fading. This is what is going to happen in the US. All the comparisons are there and all the red lights are flashing. If you think the telecom-DotCom collapse was bad, wait until you see the real estate collapse. The excesses since 1999 throughout mortgage finance are simply outrageous. Fannie and Freddie were creating $3 trillion a year in mortgages, certainly an unsustainable rate. Worse yet, the entire structure has been built on derivatives. Of course, there is no recession. That’s why seniors are returning to the workforce, some in their mid-eighties. About 4.2 million people 65 or older were working in 2000, up from 3.5 million in 1990. The number will grow to 5.4 million in 2010. The number of workers 75 and older has jumped more than 80% in the last 20 years to some 800,000. Returning to work is a financial necessity especially since the stock market tanked. Some have lost annuities thru the failure of insurance companies. Most seniors go back to work because illness of a spouse has wiped out savings so now they can’t pay for medications, eyeglasses, and dental work. This is a find for many companies because they can hire people who made between $20 and $100 an hour for $7 to $12 an hour. They are always on time and are a great help to younger workers. Most seniors love going back to work. They have been retired and know what a curse it can be.