When the dissolution of the Soviet Union was formally enacted on December 26, 1991, there was hope of a “peace dividend.” In its 1991 Human Development Report, the United Nations Development Program estimated that cuts of 2-4 per cent a year in global defense spending could free up between $200 billion and $300 billion, leading to a savings of $2 trillion during the 1990s. 
Instead of “peace dividend” however there was the First Gulf War. A 15-year-old Kuwaiti girl, known only by her first name, Nayirah, had testified to the U.S. Congressional Human Rights Caucus about Iraqi soldiers having entered the al-Addan hospital in Kuwait and “took the babies out of the incubators, took the incubators, and left the babies on the cold floor to die.” 
But Nayirah was actually the daughter of a Kuwaiti emir, and had been coached by the public relations firm Hill and Knowlton to give persuasive false testimony. 
People were all fired up in 1990 about Iraq having invaded Kuwait. Said then-President George Herbert Walker Bush, “This will not stand. This will not stand, this aggression against Kuwait.”  (This statement was later mimicked in the movie, The Big Lebowski. See video clip hopefully embedded above.)
But a July 25, 1990 cable by US Ambassador to Iraq April Glaspie showed that prior to the Iraq invasion of Kuwait a “green light” had been given to Saddam Hussein. Saddam had summoned Glaspie to ask her about the U.S. position on the Kuwait crisis. Kuwait had been “slant drilling” into Iraq and Saddam wanted to know about how the U.S. might react to an Iraqi invasion of Kuwait. Stated Glaspie: “We have no opinion on your Arab – Arab conflicts, such as your dispute with Kuwait. Secretary (of State James) Baker has directed me to emphasize the instruction, first given to Iraq in the 1960’s, that the Kuwait issue is not associated with America.” 
Oh well. There went the “peace dividend.” The “real tragedy is not just that there was no peace dividend in 1992, but also that there was no peace.” 
In 1992 the Big Bad Wolf began to be noticed. That year, Osama bin Laden (OBL) had been banished from Saudi Arabia. OBL first moved to Sudan, then to Afghanistan in 1996. By 1998, bin Laden was on the FBI’s “most wanted” list for his involvement in bombings of two US embassies, in Tanzania and Kenya. 
Paradoxically, in spite of being on the FBI’s “most wanted” list, Osama received kidney dialysis treatment at Dubai American Hospital in July 2001. While receiving medical attention, OBL was visited by the local CIA agent! (Background: Mystery of Osama bin Laden, Ersjdamoo’s Blog, May 27, 2015.)
Kind of peculiar, no? FBI has bin Laden as “ten most wanted” but CIA pays a friendly visit to Big Bad Wolf in the Dubai American Hospital.
Call it maybe the “peculiar institution.” There was another “peculiar institution” in the American South prior to the Civil War. Back then it wasn’t “politically correct” to say “slavery.” One said instead “our peculiar institution.”  The “peculiar institution” insofar as FBI wants to arrest Osama while CIA pays a friendly visit to him involves Osama and al-Qaeda still serving the CIA strategic agenda even while Osama is “ten most wanted” by FBI. Osama and al-Qaeda were still being used for “dirty operations” by CIA, for example to support Kosovar Albanians during the takedown of Yugoslavia. 
And Lo! News has crossed this desk that ISIS has been found amongst the Kosovar Albanians! The “majority of the suspects were affiliated with ISIS or Jabhat Al-Nusra, rival splinter groups from al Qaeda.” 
Osama bin Laden had died circa 2001/2002. But the “logo” or “brand name” OBL was still useful. So a “virtual Osama” was used as a bogeyman to frighten Americans into compliance. Time passed and eventually “Count Dracula” was losing his vampire teeth. Now, when he appeared and said, “I vant to suck your blood,” people just laughed. It was time for a brand new Big Bad Wolf. (Background: Mystery of Osama bin Laden, Ersjdamoo’s Blog, May 27, 2015.)
ISIS had pledged allegiance to al-Qaeda in 2004. It wasn’t called ISIS then but by October 2006 it had dubbed itself ISI. In the year 2011, coincident to the Navy SEAL killing of Big Bad Wolf on May 2nd, ISI had inserted itself into Syria. They battled against the government of Bashar Assad while then-Secretary of State Hillary Clinton was saying Assad would be “gone” in 3 months. ISI was our chum and a restaurateur running a snack bar in England became known as the “Syrian Observatory for Human Rights.” Things were all palsy-walsy.
But then ISI wandered off the reservation and went on the warpath in Iraq. It was heap bad medicine. By this time they were calling themselves ISIS or ISIL or whatever. I still don’t have that part straight. Maybe we can just call them the peculiar institution.
It was the return of Big Bad Wolf, just in the nick of time after the Osama logo had been retired in 2011. Unfortunately it doesn’t look like we will be getting that “peace dividend” anytime soon.
——- Sources ——-
 “What happened to the peace dividend?: The end of the Cold War cost thousands of jobs. Andrew Marshall looks at how the world squandered an opportunity”, by Andrew Marshal. The Independent (UK), January 3, 1993.
 “The Kuwaiti Incubator Baby Hoax”, 9-11 Review. http://911review.com/precedent/decade/incubators.html
 “Remarks by President Bush (‘This will not stand, this aggression against Kuwait’)”, Margaret Thatcher Foundation, August 5, 1990. http://www.margaretthatcher.org/document/110704
 “Gulf War Documents: Meeting between Saddam Hussein and US Ambassador to Iraq April Glaspie July 25, 1990. Eight days before the August 2, 1990 Iraqi Invasion of Kuwait”, by Global Research. May 30, 2012. http://www.globalresearch.ca/gulf-war-documents-meeting-between-saddam-hussein-and-ambassador-to-iraq-april-glaspie/31145
 “Osama bin Laden”, Wikipedia, May 27, 2015.
 “Peculiar institution”, Wikipedia, May 27, 2015.
 9/11 Synthetic Terror, by Webster Griffin Tarpley. Progressive Press, 2005.
 “ISIS and the Kosovar Albanians”, by Stephen Schwartz. Huffington Post, August 12, 2014. http://tinyurl.com/py6drtp