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North Pole Memo

april2003.jpgMy youngest son Jackson and I will be making a trip to the North Pole this month. I started leading expeditions to the North Pole in 1978. This will be my 21st time to 90 North, the apex of the world. It will be Jackson’s 3rd. He’s 10 years old.

People often ask me: "Why in the world would you go to the North Pole so many times?" My stock answer is: "Because people keep paying me to take them there." But it is so much more than that.

Standing on the sea ice of the frozen Arctic Ocean, the

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HOW LONG CAN PUTIN LAST?

Only one year after Vladimir Putin handily won a second presidential term, his domestic and foreign challenges are snowballing and his aura of almost superhuman invincibility is quickly dissipating. This is not to say, however, that Putin should be counted out: He is still in control. The question is: for how much longer?

Under Putin, Russia is pursuing uneven, unpredictable, and counterproductive policies in its self-declared-and shrinking-sphere of influence, nicknamed the "near abroad." The Russian foreign policy and defense establishment seems unable to design and implement policies that would further develop cooperation with NATO or fight Islamist (Salafi/Wahhabi) terrorism in the Northern Caucasus. Meanwhile, hard-line circles are assailing the Putin Administration for failing to secure the election of pro-Russian politicians in Ukraine despite vast expenditures to do so.

Further, the Kremlin failed to control, let alone reverse, ubiquitous corruption in the state apparatus. The Russian state has not become a reliable and civilized partner to domestic and foreign business-which would have provided the rule of law, predictable legislation and regulation, and property rights and investor rights that are not subject to political whims.

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A Carpe Diem Oil Opportunity

My friend Edward Goodliffe called me yesterday from the offices of Pan Southern Petroleum Corp. in Puckett, Mississippi.  He’s on Pan Southern’s board and wanted to tell me about a fascinating oil play he thought ToThePointers should know about.

There’s a small reserve in a remote area of the state called Bentonia Field.  It was drilled in the late 1980s by Coho Resources and has thus far yielded 1,700,000 barrels of oil from multiple pay zones.  Coho, however, has suffered massive mismanagement and has gone in and out of bankruptcy several times.  Bentonia became neglected, with its equipment falling into

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THE GLOBAL ELECTRONIC JIHAD

While the West is basking in the tunes of Christmas carols, a different tune is being played by the two leading Jihadi TV channels, al-Jazeera and al-Manar.

Little response has come to date from Washington to this 24/7 global brainwashing. Today, al-Jazeera is launching its English language global satellite channel. Al Manar is broadcasting unabated, and its popularity is growing. Al Qaeda is recruiting hundreds, if not thousands, through chat rooms around the world.

Jihadi websites are proliferating like poisonous mushrooms, in Arabic, English, French, Farsi, Urdu, Uzbek, and in the languages of the Indian subcontinent and East Asia.

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Getting In On African Oil

A great many conservatives are seriously steamed about George Bush even thinking about sending American soldiers to fight and possibly die in some Liberian Rumble in the Jungle. 

Liberal Democrats only advocate putting American soldiers in harm’s way when they perceive no US national security interest.  Whenever there is such an interest, they are dependably opposed.  Thus they were against the War in Iraq but are now all for Americans getting shot in Liberia by rival gangs of heavily armed thugs stoned on marijuana.

The last place in the world American soldiers should be sent to is some anarchic hell-hole

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REAGAN’S MANDATE

Today, what would Reagan do? He would appeal for the liberation of women in the Muslim world, he would call for the freedom of Sudanese Christians from slavery and genocide, he would demand that the brainwashing of Palestinian and Iraqi youth to become suicide bombers be stopped.

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Don’t Trade With Aliens

There is a group of human beings whom I find to be unintelligibly mysterious.  In fact, I believe them to be aliens who, while visiting earth occasionally, actually reside in a space ship floating in the interstellar ether.  I am referring, of course, to currency traders.

For the most part, other kinds of traders — guys who make it their profession to trade things like stocks or bonds or commodity futures — are normal people.  For the most part, currency traders are nuts.

There is simply no explanation for the euro rocketing up far above the dollar since the US

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TERROR IN TASHKENT

Last Friday, July 30, three suicide bombers blew themselves up next to the U.S. and Israeli Embassies and Prosecutor General's Office in Tashkent, Uzbekistan.

Three Uzbek security men, including the Israeli ambassador's bodyguard, were killed and eight were civilians wounded. The attacks coincided with the start of the trials of radical Islamists accused of perpetrating massive March terrorist attacks killing 35 people and wounding scores. Two terrorist groups, Islamic Movement of Uzbekistan (IMU), and Islamic Jihad, claimed responsibility for the attack.

The two organizations are well known in the global jihadi movement.

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Coming Soon: DOW 10,000

I do not have a crystal ball and cannot predict the future.  Yet there is now in place a full alignment of “the correlation of forces,” driving the US economy forward.  Thus I am going to predict that the DOW will be above 10,000 by October.  What’s more, it will stay above 10,000 throughout 2004.
 
Did Y2K Cause the Recession?

There is an interesting theory claiming that Y2K helped precipitate the recession.  Remember that it began March 2000 when the Dow and Nasdaq peaked.  What happened was that in preparation for Y2K, corporate America compressed four years of IT

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Our Challenge In Georgia

Georgians enthusiastically elected Mikheil Saakashvili president of Georgia on Sunday, Jan. 4. He is a the youthful, center-right leader of the Georgian opposition who overthrew President Eduard Shevardnadze in the "Rose Revolution" last November. Mr. Saakashvili has received more than 80 percent of the vote in elections that were the most peaceful and transparent since Georgian independence.

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Short China

The World Health Organization or WHO announced today that “the worst is over” regarding the SARS epidemic in Vietnam, Hong Kong, Singapore, and Canada.  WHO pronounced Vietnam for being the first country to eradicate the disease, and praised it for doing so transparently, quickly, and efficiently.

One reason Vietnam was able to do so is because it closed its border with China.  For notably absent in the WHO announcement was any praise for China.  The worst is not over for China.  The worst — far worse — is yet to come.

90% of SARS cases worldwide to this day are

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British Interests Fall to the Euro-Judges

Billed by the Government as nothing more than a toothless "declaration" at the Nice summit in December 2000, the Charter of Fundamental Rights is now to be enshrined as a legally-binding document in Part II of the new European Constitution, with profound effects on Britain's enterprise culture and legal system.

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Still Not Eaten by the Leopard Seal

When penguins in Antarctica get hungry, they get nervous.  Grouped together on an iceberg, none of them wants to be the first to jump in the water and go fishing — because there just might be a leopard seal waiting for them.  There’s nothing in the sea a leopard seal finds more tasty to eat than fresh penguin.

So the waddle (on land or ice, a group of penguins is a waddle;  in the water, it’s a raft) bunches together, the ones in the back pushing forward, the ones in the front backing up away from the ice edge.  When

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THE STEALTH LEGIONS OF JIHAD

This is a very important article on a world-wide underground Islamofascist movement you never heard of, yet is a Trojan Horse for terror in America. I urge you to read it carefully and in full. ---JW

Every fall, over a million almost identically dressed, bearded Moslem men from around the world descend on the small Pakistani town of Raiwind for a three-day celebration of faith. Similar gatherings take place annually outside of Dhaka, Bangladesh, and Bhopal, India.

These pilgrims are no ordinary Moslems though. They belong to a movement called Tablighi Jamaat (“proselytizing group”). They are trained missionaries who have dedicated much of their lives to spreading Islam across the globe. The largest group of religious proselytizers of any faith, they are part of the reason for the explosive growth of Islamic religious fervor and conversion.

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Completely Out of the Box

Jack Wheeler
Strategic Investor, July 2001

The origin of the phrase “thinking out of the box” comes from an intelligence test called the Nine Dot Box.  Imagine three rows of three dots, each equally spaced some distance apart on a regular piece of paper.  The task is to connect the dots with a  minimum number of lines drawn by a pen or pencil.  The only rules are:  you must draw a line through every dot once and only once, all lines must be straight (no curves), and your pen/pencil cannot leave the paper. 

Most people cannot figure out how to do

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