RTFA: http://finance.google.com/finance?cid=983582

…not to fan the flames or anything, but the DOW has returned to September 11, 2001 levels. Really, that’s not such a bad thing, given how overvalued everything became during the deregulation of the last 8 years. …but in 52 weeks, the volume of the DOW has been cut in half, and that level of shock is going to … reverberate.

Here’s the upside: there is still actual value in the US economy. Yes, we’re the collective victims of massive pump-and-dump fraud, but it’s hardy like “we” aren’t producing anything. In other words, the market needs to bottom out at some value above zero. That will happen when people start to believe that things are undervalued, so it will make sense to invest again. This very process can be hindered if there is no effective monetary system that functions as a medium for the transmission of value, and that just might happen if the dollar fails.

Why, dear reader, might the dollar fail? Get ready for Bretton Woods III.

RTFA: http://www.cbsnews.com/video/watch/?id=4496829n

Watch CBS Videos Online

Sen. Joe Biden and Gov. Sarah Palin share their thoughts on the best and worst parts of current Vice President Dick Cheney’s career. Katie Couric reports.

Good point in the CBS comment thread: just because Biden has tons of experience with interviews doesn’t mean he’s the better candidate. Biden is a known critic of Cheney, so is this answer surprising? …but once again, I think this clip speaks to the preparedness of the two VP candidates.

It’s possible to be critical of Cheney’s actions without getting overly partisan.

For example, consider Cheney’s closed-door Energy Task Force which happens to have preceded the Enron scandal, California’s blackouts, inflation of energy costs unseen since the 1970s, and the inherent conflict of interest involved in being the former CEO of Halliburton, an energy services company. By the way: Halliburton has moved its headquarters from Texas to Dubai, in the United Arab Emirates, with the partial justification being that it will reduce costs by lowering their taxes.

As another example, consider the infamous Cheney decision to shoot down United Flight 93, which was the 9/11 hijacking airplane that crashed in Pennsylvania. According to the official 9/11 Report, Cheney deliberated over this decision in “the time it takes a batter to decide to swing.” Those are literally the words. While I do not disagree with the decision, I would like to believe that a world leader would be more considerate in a situation like that.

There are Cheney’s repeated attempts to deceive the US people into believing that Iraq was somehow involved with 9/11, even though there was no evidence to support this … even though Cheney’s office has now been convicted of criminal activity in attempting to fabricate the evidence and cover it up. It was Cheney’s office (if not Cheney himself) who blew Plame’s CIA cover, in retaliation for questioning the Iraq-9/11 link. …and Palin was caught red-handed repeating the Cheney rhetoric.

Finally, there is the duck hunting incident, and the attempt to cover it up during the days immediately following. It’s embarrassing, in the first place, but the attempt to keep the story from the media is par for the course, and damning.

…but that is seriously the worst Palin is willing to be critical of? This is scandalously wrong! As Biden points out, detention and torture is wrong, and so is Unitary Executive Theory. Palin seems to have no problems with any of this, and that in and of itself is troubling.

RTFA: http://en.wikipedia.org/wiki/Operation_Northwoods

Operation Northwoods, or Northwoods, was a 1962 plan by the US Department of Defense to cause acts of simulated or real terrorism and violence on US soil or against US interests, blamed on Cuba, in order to generate U.S. public support for military action against the Cuban government of Fidel Castro. As part of the U.S. governments Operation Mongoose anti-Castro initiative, the plan, which was not implemented, called for various false flag actions, including simulated or real state-sponsored acts of terrorism such as hijacked planes on U.S. and Cuban soil. The plan was proposed by senior U.S. Department of Defense leaders, including the Chairman of the Joint Chiefs of Staff Lyman Louis Lemnitzer.