ASS Wins War

Long War: Media reports gave the impression that the Libya War had ended yesterday, with the rebels victorious. The war still rages as of today, but the rebels are winning. As I write, the rebels are attacking Gaddafi's main command and control complex in Tripoli, Bab al-Azizya. Reports indicate they are successfully tearing apart this complex.

Right before the big rebel push into Tripoli, the CIA announced it was introducing extra Predator drones into the theater. At the time this seemed to serve only one purpose: provide a fig leaf for the imminent exposure of a much bigger CIA footprint in Libya than anyone guessed possible. And indeed, there are an increasing number of media reports of western Special Forces soldiers embedded within the rebel army.

Also, it is becoming apparent that the infrastructure damage from the NATO air campaign is almost zero. Oil refineries, pipelines, bridges, etc... have not even been scratched. But when NATO ran a similar air campaign in Kosovo, the infrastructure damage was huge. The damage in the Balkans was so great much of it has not been repaired even now. CIA drones are capable of clobbering the bad guys without damaging infrastructure to a much greater degree than traditional aerial bombardment from manned jets.

If I am correct in surmising that the CIA's drone campaign in Libya was much bigger than media reports would have us believe, then we have evidence that General Petraeus is in charge of the CIA ahead of schedule (he is supposed to take over in September). During the Iraq War Petraeus displayed a special genius for neutering the Media; this is a unique talent that he alone possesses, no other military commander can muzzle the press the way he can. It is hard to imagine a better skill set for a CIA Director.

Throughout rebel held Libya there is graffiti saying: "Thank you Britain. Thank you France." Apparently there is no graffiti saying: "Thank you America." And certainly there is no talk anywhere of the CIA's role in the Libya War. This is all to the good because America is running a global empire that dares not speak its name and America is fighting a century-long global war while voters have a desperate thirst for a century-long peace.

After Libya is mopped up, our attention must turn to Syria. And this is what we must look for: Turkey getting involved in the Syrian Civil War. We need to see graffiti inside rebel held Syria saying: "Thank you Turkey."

As always, our only concern is investing. We must never forget that there is a 100% correlation between the Anglo-Saxon Superpower (ASS) winning wars and a bull market. Today is a case in point, we are having a huge up day, but the most recent economic data is very weak.