A Politico Exclusive: Getting bin Laden - How The Mission Went Down 

Submitted by Tyler Durden on 05/02/2011 10:58 -0400

The helicopter carrying Navy SEALs malfunctioned as it approached Osama bin Laden’s compound at about 3:30 p.m. ET Sunday, stalling as it hovered. The pilot set it down gently inside the walls, then couldn’t get it going again. It was a heart-stopping moment for President Barack Obama, who had been monitoring the raid in the White House Situation Room since 1 p.m., surrounded by members of his war cabinet. “Obviously, everyone was thinking about Black Hawk Down and Desert One,” a senior administration official recalled. The SEALs disembarked. “The assault team went ahead and raided the compound, even though they didn’t know if they would have a ride home,” an official said. The special forces put bombs on the crippled chopper and blew it up, then lifted off in a reinforcement craft just before 4:15 p.m., capping an astounding 40 minutes that gave the United States a tectonic victory in the 10-year war on terror touched off by 9/11. The sick chopper turned out to be a tiny wrinkle in an astounding military and intelligence triumph. Bin Laden was shot in the face by the SEALs during a firefight after resisting capture. He was buried at sea less than 12 hours later. He was 54. 

 

 

 

Use the Silver Dip to Convert Paper Silver into Physical Silver

Posted by: smartknowledgeu

Post date: 05/02/2011 - 05:48

Want to send the bankers a message and serve up the biggest nightmare possible to bankers? Use the massive dip that they thought would scare all silver holders out of their position as an opportunity to finally extract yourself from the awful possibility that silver and gold paper derivatives such as the SLV, GLD, and gold and silver futures contracts may crash in value in the future. Convert your PAPER silver into PHYSICAL silver now. 

 

 

 

"The Dollar Plummets" May 2nd Edition 

Submitted by Tyler Durden on 05/02/2011 10:33 -0400

After some patriotic sentiment modestly pushed the dollar to just above humiliation levels, the DXY is right back to lowest level since July 2008. We still have about 150 pips to go until the all time low of 71.3521 from April 22, 2008 is taken out. After that, the CNY better be ready to take over as reserve currency cause it will get ugly. 

 

 

 

 

Niall Ferguson: The great inflation of the 2010s

 

Lars Schall: The sound of silence from the Fed

 

Bill Murphy: Gold rockets higher while Munich listens to GATA

 

Israeli Jets Prepare For Imminent Strike Against Iran: Iranian TV 

Submitted by Tyler Durden on 05/02/2011 11:20 -0400

Iranian PressTV reports that Israeli jet fighters have reportedly conducted drills at a military base in Iraq in order to strike targets inside Iran. While the Pentagon has so far denied this development which could easily send oil to $200, we are more curious what Israel has to say, or do in response to such allegations. 

 

 

 

Silver Retraces Two Thirds Of Overnight Hit Job, Crude At Highest Since August 2008 

Submitted by Tyler Durden on 05/02/2011 10:04 -0400

And so once again rumors of silver's demise appear largely exaggerated: after plunging 15% last night, getting all the top callers to once again proclaim victory after having been wrong for the good part of about one decade, silver has since retraced a key Fib level and has now recovered over two thirds of the drop. At this rate, at least a few more margin hikes will be desperately needed today to throw all available speed bumps in the path of the unstoppable metal. In the meantime as expected last night's forced plunge was a gift for anyone who bought at $42 and has made over 10% already. Elsewhere, crude is approaching $115, after hitting $110 overnight. So much for the bin Laden inverse rally in commodities. 

 

 

 

Guest Post: When Does "Managed Perception" Become Reality? 

Submitted by Tyler Durden on 05/02/2011 08:12 -0400

When the current stock market bubble pops, the last shreds of the Fed's legitimacy will be blown away. Strip away all the distractions, and the Fed's entire campaign to "restore confidence" and "animal spirits" so that the "recovery" magically becomes "self-sustaining" is based on one thing, and only one thing: the current stock market rally. The equities rally is the only metric of "success" the Fed can point to that isn't risible. Once the rally implodes, so too does whatever remains of the legitimacy of the Fed and the Federal agencies which have aided and abetted the Fed's unprecedented propaganda campaign to replace economic reality with happy-happy "managed perceptions." The "news" is always good, because who knows what the people might do if the flimsy official facades sway in the breeze of truth and then collapse in a heap? They might demand new leadership and systemic changes that would disrupt the cozy Status Quo partnership of cartel-crony Capitalism, Wall Street and the Central State fiefdoms.