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Israel’s bombing campaign of Gaza shows no signs of abating: as WaPo reports “Israel widened its air assault against the Gaza Strip’s Hamas rulers on Saturday, hitting a mosque it said was hiding rockets” as well as a school which it said was used by Hamas as a cover, “as Palestinians said their death toll from the five-day offensive rose to over 125.”

The military said it has struck more than 1,100 targets, including Hamas rocket launchers, command centers and weapon manufacturing and storage facilities, in a bid to stop relentless rocket fire coming Gaza. Officials in the territory said that besides the mosque, the strikes also hit Hamas-affiliated charities and banks, as well as a home for the disabled, killing two women.

On the other of the border, there have so far been no reported fatalities in Israel from the continued rocket fire. This compares to a death toll in Gaza of over 125, according to its Health Ministry spokesman Ashraf al-Kidra, with more than 920 wounded. In order to validate the seriousness of the Gaza strikes, Israel continues to sound air raid sirens every few hours which then serve merely to justify even further Gaza bombing, and so on, in a closed loop.

Of course, in this millennia long conflict, “who started” is about the stupidest thing one can ask. Here are the photos of the destruction.

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It took all of five seconds. It purred into the portico of Le Meridien Hotel, the cynosure of all eyes. Not unusual for a Rs 4-crore car, even at one of New Delhi’s luxurious hotels. In moments though, the white Lamborghini Gallardo Spyder garnered eyeballs for a different reason.

 

Israel dramatically escalated its aerial assault in Gaza Thursday, hitting hundreds of Hamas targets. Palestinians reported that 16 people were killed in strikes that hit a home and a beachside cafe, and Israel’s missile defense system once again intercepted rockets fired by militants at the country’s heartland.

Military spokesman Lt. Col. Peter Lerner said Israel struck more than 320 Hamas targets overnight, focusing on underground tunnel networks and rocket launching sites. That brought the total number of targets hit to 750 in three days of the massive offensive that has killed at least 80 Palestinians.

Lerner said Israel has already mobilized 20,000 reservists for a possible ground operation into Gaza, but for the time being, Israel remained focused on maximizing its air campaign. A ground invasion could lead to heavy civilian casualties on the Palestinian side while putting Israeli ground forces in danger. >> Read More

 

There is a colossal bubble in all asset prices and eventually it will burst,” is the subtle recurring message from The Gloom, Boom, & Doom Report’s Marc Faber, warnings that “maybe has begun to burst already.” While Faber admits he has called for such a correction previously, he notes that the difference now is that “valuations are so much higher; and contrary to what the mainstream economists believe, I don’t believe the global economy is strengthening; in fact I believe it is weakening.” Furthermore, while “you never know what will trigger for a bull market or bear market is until after the fact,” Faber offers 3 factors (aside from the Fed) that could trigger a 30% crash or more… beginning with “a) In The White House we have a very poor President – which will lead to political issues domestically in the US,” which are not priced in.

 

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Full Transcript
Chris Martenson:    Welcome to this Peak Prosperity Podcast. I’m your host, Chris Martenson and today we are talking with the host of The Hidden Secrets of Money, noted speaker, best-selling author on monetary history and gold and silver investing, the CEO of GoldSilver.com—we are talking with Mike Maloney. Somebody who I consider to be both a fellow educator and a friend in this business. Welcome, Mike.
Mike Maloney:          It’s great to be here, Chris.
Chris Martenson:    I don’t have many regrets but one of them 
 

In the sermon, at Mosul’s most famous landmark, Baghdadi praised the establishment of the “Islamic state”, which was declared by Isis last Sunday.

 

“Appointing a leader is an obligation on Muslims, and one that has been neglected for decades,” he said.

 

He also said that he did not seek out the position of being the caliph, or leader, calling it a “burden”. “I am your leader, though I am not the best of you, so if you see that I am right, support me, and if you see that I am wrong, advise me,” he told worshippers.

In other words, his first video was merely an ideological and emotional appeal to Muslims everywhere to side with him. It remains to be seen if Baghdadi will transform into just another typical Muslim blaming the sorry economic state of his country on Bush, something al Qaeda and others have done before him.

For those curious to see Baghdadi’s complete video appearance, it is shown below in its entirety.

Baghdadi’s full speech, translated courtesy of Francois Gatete, is below.

 

Baghdadi Speech Translated

Porsche 918

04 July 2014 - 19:35 pm
 

You can buy one here if you’re feeling froggy

 

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