Sunday, March 02, 2008

Israel vs. Hamas

It's a great tragedy: war in Gaza again. Civilians in Gaza are trapped in what amounts to a hellish existence, with war on top of that. I took a little internet tour of photos - lots of heartrending photos - bloodied, screaming children, people crying over lost family members, and the like. Mostly Palestinians, but Israelis as well. ("Nice" shots of an Israeli kindergarten that was hit by a Kassam rocket, I believe it had been evacuated.) It's awful.

Then I took a look at the Hamas Charter, just to see what this is all about. It's somewhat long, but I've distilled a few choice parts:

Art. 2: Islam is the comprehensive doctrine for every single aspect of life. (They're pretty clear - their view of Islam is that it's a totalitarian doctrine.)

Art. 7: The Islamic resistance movement extends over the entire globe, it applies everywhere, and Jews are to be killed.

Art. 11: Every last bit of Palestine is Islamic, a non-negotiable point.

Art. 13: No peace negotiations, no compromises, ever. Jihad only.

Art. 15: An individual obligation... kill, kill, kill. (Yes, stated three times.)

Art. 17, 22, 28: The Masons, Rotary Clubs, and Lions Clubs are the enemy too. (What the hell?)

There's not much to be said, other than that I hope the Israelis exterminate Hamas. How can war be anything but inevitable? The despicable Secretary General of the U.N., Ban Ki-moon, has condemned Israel for using disproportionate force. The $%#&^ of BBC keep suggesting Israeli fears are overblown, because too few Israelis have been killed. Ban, BBC, and the rest are taking a profoundly immoral position. Secretary Ban has admitted Israel is acting in self-defense. If it's self-defense, then force should be disproportionate, overwhelming.

It's not as though Hamas acts with restraint. Hamas is poorly armed (but I wonder what they brought through the wall from Egypt), and not very effective, but they give it all they've got. After all, "kill, kill, kill." It is the much better armed and more competent Israelis who hold back. There's little doubt they could annihilate Gaza, were "genocide" really their objective. Both Abbas and Hamas' Mashaal have said this is the Holocaust. It's obviously not, but richly ironic, especially coming from the leader of a genocidal sociopathic totalitarian movement that hates the Rotary clubs to boot.

But all in all, just more tragic news.

(Israeli flag courtesy of 4 International Flags). Mohammed cartoon from Jyllands-Posten.

Hi Charles, any predictions on the U.S and world economy? Do you see inflation/deflation ahead? And what of precious metals? Will gold/silver soar or deflate with everything else? Oh for a crystal ball! cheers, Lee S
sorry replied under wrong posting, Lee S
Inflation: the U.S. is already suffering from it, and Bernanke's loose money policies will make it worse. Current inflation figures are cooked to understate what is happening.

The European Central Bank just announced it has "one needle" in its compass, which is "fighting inflation." Unfortunately, Bernanke has one needle as well: bailing out the financial system. I think his fear is that U.S. credit markets will collapse and bring economic growth to a halt, or worse, and that it will be a long term problem, like Japan has suffered. But Bernanke's loose money solution won't work, and will cause inflation and wreck the dollar.

I'm increasingly pessimistic about the U.S. economy. And if I'm right, gold prices should continue to soar.
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