Back on November 24, 2002 Osama bin Laden promised to destroy the economy of the west. It’s six years later and his prophecy appears to have come true, at least in the United States. But yet the media has all but ignored his threat as the cause of our current problems. There is no doubt that Laden, his family, and his vast supporters have great influence in Saudi Arabia (as well as the rest of the Middle East) and they could easily have brought about the various scenarios we are facing now: high gas prices, devalued dollar, etc. Thus, the question of the day is whether his threat was in fact carried out or whether it’s all one big coincidence.




  1. shizzaq says:

    Does anyone on here really believe that Bin Laden is responsible for our economic woes? Its hard to believe someone could think that. 9/11 had a short term negative impact but the long term downturns we are having and will have are the result of many more variables that are much more complex than the results of terrorism. The short answer would be large companies are exploiting capitalist opportunities to make insane amounts of money. This happens ever so often in a capitalist democracy and when the exploitation gets bad enough the reactionary government and populace will enact laws to regulate it. Once enough time goes by and enough people forget the past the laws will be “deregulated” and the whole thing will happen again. Its just like on NA how John talks about how we used to have laws against this kind of stuff because of Rockefeller and Standard Oil, etc and a lot of those laws got deregulated. Eventually things will get bad enough that we will pass new laws and start the cycle again. The small curve is around 40 years, and the large one is around 80 years, or at least thats what I hear.

  2. Jim in Seattle says:

    It amazes me that no one has picked up on this sooner. Yes, bin Laden and al Quaeda associates (including Iran) are working to destroy the West via economics—not missiles and bombs. Iran posts bogus photos on the Web which Drudge runs as real—and the mainstream follows suit—and speculators drive up the price of oil to an all-time high, causing the West more economic paid and plunges the Down below 11,000 in 2 years. Everything relates back to the cost of energy—even the mortgage bubble. EVERYTHING is related to the cost of fuel–and if you can control or push the cost of energy skyward and have OPEC members spout off saying things like “$200 oil is not out of reach,” (although not officially), THAT drives the cost of energy higher. The terrorists are destroying our way of life from the inside, economically. They don’t need bullets or bombs. Why can’t we see that? WHY?

  3. bob says:

    Boy, the folks who run this website are some of the most thoughtful, insightful observers and analysts of the geopolitical scene that I’ve ever come across.

    No knee-jerk, pseudo-transgressive hyperbole mouthed in mindless lockstep with a thousand other clueless jackasses here! nosiree BOB!

    I love this place.

    Later, I’ve got dane-gelt to pay so I’ll be safe to enjoy these brilliant insights forever.

    [Ouch! - ed.]

  4. amodedoma says:

    Bad economy is good for the war effort. It’s great for recruiting. Why not continue to spend billions to help those freedom loving Iraquis and Afganis establish their democracy? The government is responsible for the health and welfare of this nation, they have only our best interests at heart and are doing the best job possible, so of course if you don’t agree you’re a whiner(traitor).

    Conformity is double plus good.
    THE MINISTRY OF TRUTH

  5. It’s always ironic what harm little people in the third world can do with limited tools
    The problem is that in an open society that is there no shortage of targets or readily available off the shelf components that can be made into weapons
    You do this – and they do that
    Couple that with foolish or even stupid bureaucrats or administrators either involved in turf wars or proving who is boss – and you wonder who the smarter ones are – us or them
    At least America has the guts to do something
    Contrast that to most of the Europeans who are busy selling Iran everything, catering to the Saudi royal family – all while being gouged and set up for even worse

  6. kapblp says:

    Oil prices are a product of weak dollar plus a loophole passed in 2000 by a Republican Congress and signed by a Democrat in the White House that has allowed oil speculators to send the price of oil up higher than it ought to be. By best estimates with the current usage it should be about half what it is. 60% at the most. Close the loophole and watch the price fall. Call your congressman now!

  7. FDR says:

    “You have nothing to fear, but fear yourself.”

  8. Stephanie says:

    Bin Laden!?! Funny, I thought it was 8 years of Baby Bush!

  9. deowll says:

    I’m shocked. Many of these posts were written by intelligent and thoughtful people.

  10. acme says:

    I think obl was surprised by Allah taking down the towers, but disappointed by the Taliban getting wiped out.

    THEN, surprised by how over-terrorized Bush-America diverted to Iraq, and now happy that Bush has killed even more Americans than himself.

    And now pleasantly surprised by Taliban resurgence in Afgahnistan, failure in Iraq, rising oil prices (btw which *some* Americans and a lot of Texans actually profit from), other signs of economic despair, and Bush et al continuing to keep America feeling terrorized.

    Come on, let’s take control back. Drop the arrogance, focus back on Afgahnistan, and focus back on minding our own business. And btw, terrorism may come back in other forms, like a dirty bomb in a container on a ship, in which case we should be working harder at making more cooperative relationships with our international neighbors… especially the ones sending us all the stuff via container ships that we so voraciously consume.

    That’s just one example of what terrorists might do someday. Hey, maybe they’re even spraying our produce with salmonella right now?

    Ie, our biggest problem never was Iraq, or even Saddam.

  11. acme says:

    I think obl was surprised by Allah taking down the towers, but disappointed by the Taliban getting wiped out.

    THEN, surprised by how over-terrorized Bush-America diverted to Iraq, and now happy that Bush has killed even more Americans than himself.

    And now pleasantly surprised by Taliban resurgence in Afgahnistan, failure in Iraq, rising oil prices (btw which *some* Americans and a lot of Texans actually profit from), other signs of economic despair, and Bush et al continuing to keep America feeling terrorized.

    Come on, let’s take control back. Drop the arrogance, focus back on Afgahnistan, and focus back on minding our own business. And btw, terrorism may come back in other forms, like a dirty bomb in a container on a ship, in which case we should be working harder at making more cooperative relationships with our international neighbors… especially the ones sending us all the stuff via container ships that we so voraciously consume.

    That’s just one example of what terrorists might do someday. Hey, maybe they’re even spraying our produce with salmonella right now?

    Ie, our biggest problem never was Iraq, or even Saddam. We “stayed the course” until we got WAY lost, and into trillions of dollars lost. Brilliant economics there, huh, fearful, terrorized, flag-waving “Patriots”?

  12. MikeN says:

    How do you know there is currently a recession?

  13. MikeN says:

    If the hypothesis is correct, that’s one more reason why Bill Clinton should have accepted Sudan’s offer to hand over Bin Laden. Could details of this offer have been what Sandy Berger stole from the National Archives?

  14. acme says:

    What’s so damned important about whether it’s actually called a recession, or not?

    We’ve screwed up big time, and could have been a lot “further ahead”, or a lot “less behind” depending on your preferred terminology.

  15. acme says:

    We’ve screwed up big time, and could have been a lot “further ahead”, or a lot “less behind”, depending on your preferred perspective.

    One’s preferred terminology (“recession” or not) isn’t really the point.

  16. Uncle Patso says:

    To paraphrase Shakespeare, “The fault lies not in our stars, but in ourselves”