imageWe don’t look for any major melt-up in the market today.

In fact, it looks like we will get some continuation of the rally that started last week.

But the big story to focus on this morning is the president’s latest “talk around” on Islamic terrorism – now come to America – while his attorney general is attempting to hush the issue with vague threats to prosecute those who don’t “drink the Kool-Aid” of White House jingoism and sloganeering.

To begin with, the president’s speech: So far as we know, he have never been able to call out Islamic jihadists directly.  And if you’d like to read his latest “talk-around” it is available on the White House website here.

Obama did get close to calling out Islamic jihadists, but close doesn’t work when plain speaking is in order:

Here’s what else we cannot do.  We cannot turn against one another by letting this fight be defined as a war between America and Islam.  That, too, is what groups like ISIL want.  ISIL does not speak for Islam.  They are thugs and killers, part of a cult of death, and they account for a tiny fraction of more than a billion Muslims around the world — including millions of patriotic Muslim Americans who reject their hateful ideology. Moreover, the vast majority of terrorist victims around the world are Muslim.  If we’re to succeed in defeating terrorism we must enlist Muslim communities as some of our strongest allies, rather than push them away through suspicion and hate. 

That does not mean denying the fact that an extremist ideology has spread within some Muslim communities.  This is a real problem that Muslims must confront, without excuse.  Muslim leaders here and around the globe have to continue working with us to decisively and unequivocally reject the hateful ideology that groups like ISIL and al Qaeda promote; to speak out against not just acts of violence, but also those interpretations of Islam that are incompatible with the values of religious tolerance, mutual respect, and human dignity.

More important, to the aware reader, is the administrations continued deference to terminology like ISIL instead of ISIS.

In our study of predictive language, we note a critical difference.

ISIS stands for “Islamic State of Iraq and Syria or al-Sham” while ISIL means the “Islamic State of Iraq and the Levant.”

Just how big is “the Levant?”  Well,, there’s a good discussion of it over on the Wikipedia site, but the main thing is to study this map (borrowed from the Wikipedia discussion) because it lays out the critical difference:

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In other words, if the president was referring to the rowdy/killers in Iraq and Syria, it would lend them very limited legitimacy.

But, as you can see in the map,  “the Levant” in modern times goes all the way down to the border of Egypt, which is also included in some accounts of the modern Levant.

Here’s why this matters so greatly:

The term “ISIL” is not one being used by ISIS and their recruiters.

It is a term which is government-arising.

And in particular, it is a term that extends the legitimacy of including the Levant by repetitiously using it at all levels of government.

In other words, ISIL includes some might key real estate in the Middle East:  Lebanon, Israel, the West Bank, and so on.

Therefore, one of the least surprising long-term outlooks is for the Obama apologists to come up with some kind of “ISIL deal-making” – before the election – which would reinforce the legitimacy of ISIL and do so far outside of the limited area of conflict.

While the U.S. does have a legitimate concern about the movement of high-performance S-400 anti-aircraft emplacements into Syria to protect president Assad, the use of the term ISIL says clearly that the embedded neocons still in the State Department will be able to funnel guns and supplies well outside of the conflict area where (prediction follows so pay attention) they may be used counter to American interests again.  Only this time in areas larger than Syria.

And that will, as I see it, possibly bring an “ISIL” deal before Obama leaves office.  Where things could be “flipped” in such a way that ISIL will achieve some level of recognition while America screws over Israel and Lebanon in the process.

For a country founded on the basis of non-interference and freedom, the Obama administration has as dismal record of respecting the territorial boundaries of other countries.  And if you hadn’t noticed, countries don’t particularly care for the U.S. playing God with Middle East borders.

Meantime, making veiled threats against opinion-leaders, attorney general Loretta Lynch is off on a wrong-headed gun-grab campaign.  Attacking the Second Amendment is predictable.

Lynch and her boss remain mute on the core problem:  How do you make ISIS and drug cartels follow gun laws?  As we read it, the solution is not to disarm the innocents…it’s to kill the bad guys.  Unfortunately, the mush-for-brains syndrome that disables clear thought in Washington is still running rampant.

This administrations immigration polices, which allowed liberalization of of fiancé visas.

In Europe, ISIS is reported to have weapons of mass destruction.

And the open borders administration has a report that says not only is the border with Mexico leaking like a sieve, but so is the one with Canada…if you’re a terrorist.

And we have to ask hard questions about the sincerity of targeting when oil tankers still move, and pictures are flowing out of militant Islamic training camps in Afghanistan.

We may not need more bombs, but we sure as hell need to build borders…or is that just too freaking obvious?

The Week Ahead

Other than looking at the daily Gallup numbers (here) there’s not a lot to get excited about on the economic front this week. 

Sure, we have Producer Prices on Friday.  But this will likely be a week of rehash and rewrite.  Things typically slow down a bit around the holidays.

Next week, things will light up with consumer prices and a Few rate decision.  So rest up this week.

More future hints at Grady’s www.nostracodeus.com site…odd stuff flying ion language now.

Change in Venezuela

Socialism only works a little bit.  Note the socialist majority has been bounced in Venezuela and that may account for some of the weakness in oil prices this morning.

Quake-Time

Big earthquake of 7.2 in Tajikistan which rattled Afghanistan, Pakistan, and India.

U.S.G.S. data page for this one is located here if you want the maps and details.

Me Too Journalism Dept.

Being December 7, and all, here’s a Google News search of more Pearl Harbor stories than you can shake a stick at.  7.65 million story hits on Pearl Harbor

Few warn that a sneak attack on America today would be a rhyme, though.