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Is a New US Mideast War Inevitable?
Is a New US Mideast War Inevitable? In this new century, leaders of both parties have plunged our country into at least five wars in the Middle and Near East… None of these wars has produced a victory or success for us. But taken together, they did produce a multitrillion-dollar strategic and human rights disaster. […]
Turkey’s Erdogan Vows To “Significantly” Cut Rates As Trump Set To Roll Out Sanctions Over S-400 Purchase
Turkey’s Erdogan Vows To “Significantly” Cut Rates As Trump Set To Roll Out Sanctions Over S-400 Purchase Lately not a week passes without some dismal news involving Turkey hitting the tape, and yet the lira continues to levitate, blissfully ignorant of the storm clouds headed for Ankara, levitating on hopes the Fed will cut rates […]
Turkey & the Real Risk of a Debt Crisis
Turkey & the Real Risk of a Debt Crisis The Treasury and Finance Ministry of Turkey announced that the country’s net external debt stock totaled $286.2 billion going into the end of the 3rd quarter of 2018. The country’s net external debt stock to its gross domestic product (GDP) ratio was 34.4% at the end of […]
Is Turkey “City Zero” in Global Contagion
Is Turkey “City Zero” in Global Contagion Last year Turkey’s lira crisis quickly morphed into a Euro-zone crisis as Italian bond yields blew higher and the euro quickly reversed off a major Q1 high near $1.25. It nearly sparked a global emerging market meltdown and subsequent melt-up in the dollar. This week President Erdogan of […]
On The Edge Of Collapse: Turkish Lira Plummets As Central Bank Burns Through A Third Of Reserves
On The Edge Of Collapse: Turkish Lira Plummets As Central Bank Burns Through A Third Of Reserves The Turkish lira resumed its plunge on Thursday following a sharp rebound on Tuesday when Turkish authorities unleashed an unprecedented assault on lira shorts, helping push the TRY briefly higher ahead of regional elections, after a disappointing reading […]
Turkey On Verge Of Collapse As Overnight Swaps Hit 700%, CDS Soar
Turkey On Verge Of Collapse As Overnight Swaps Hit 700%, CDS Soar In Turkey’s ongoing attempt to crush currency manipulators, yesterday we reported that in addition to launching a “probe” against JPMorgan, the biggest US bank, for daring to cut its TRY price target, as well as threatening unnamed “manipulators”, on Monday Turkish authorities took a page […]
The CIA, Lost In The Orinoco
The CIA, Lost In The Orinoco René Magritte The black flag 1937 One thing I am not is an expert on Venezuela. What I know is the country has the world’s largest oil reserves, mainly in the Orinoco Belt, but they come in a form of tar sands that while they are not as hard to exploit […]
Trump’s Biggest Lie?
ERIC ZUESSE | 16.01.2019 | SECURITY / WAR AND CONFLICT| WORLD / MIDDLE EAST Trump’s Biggest Lie? INTRODUCTION (NOTE: Remarks from US President Donald Trump that will be considered as representing possibly his biggest lie will here be boldfaced, so that they will stand out from the context in which he stated them.) Trump escalated Bush’s […]
Turkey’s Debt Crisis Deepens, Erdogan Bails out Banks His Way
Turkey’s Debt Crisis Deepens, Erdogan Bails out Banks His Way Shifting bad consumer & business debts from banks to the public, but the way this bank bailout got packaged is pretty nifty. Turkish President Recep Tayyip Erdoğan has launched a raft of measures ostensibly designed to reanimate the economy, including offering direct financial support for […]
Turkey Dismisses Trump’s Threat To Devastate Economy Over Kurds
Turkey Dismisses Trump’s Threat To Devastate Economy Over Kurds Turkey has brushed off a Sunday threat by President Trump to “devastate” them economically if they attack the Kurdish militia (YPG) in northern Syria, which US forces have fought alongside against the Islamic State (IS). Turkey regards the YPG as terrorists. ✔ Starting the long overdue […]
Turkish Lira Tumbles As Tanks Amass Along Syrian Border
Turkish Lira Tumbles As Tanks Amass Along Syrian Border After an already painful start for the Turkish lira this year, shedding more than 3.5% of its value against the dollar during the first three days of 2019 when it flash crashed after Mrs Watanabe puked on the carry trade after Apple shockingly guided lower, and after […]
U.S.’s Defeat in Syria is a Crisis of Empire
U.S.’s Defeat in Syria is a Crisis of Empire The U.S. lost in Syria. Donald Trump finally had the courage to admit that to the world when he ordered the pull out of all U.S. troops there. Syria was to be the sparkling jewel in the Empire of Chaos’ Crown. A masterstroke of realpolitik which […]
US Troops Out, Syrian Army In: Kurdish City Handed Back To Damascus As Turkey Poised To Invade
US Troops Out, Syrian Army In: Kurdish City Handed Back To Damascus As Turkey Poised To Invade After days of Turkey mustering huge military forces poised to enter the northwestern Syrian Kurdish town of Manbij, and just as American advisers have pulled out of the area based on Trump’s broader Syria draw down, what many […]
Who Was Secretly Behind America’s Invading and Occupying Syria?
Who Was Secretly Behind America’s Invading and Occupying Syria? The invasion and occupation of Syria by tens of thousands of jihadists who were recruited from around the world to overthrow Syria’s President Bashar al-Assad, was financed mainly by US taxpayers and by the world’s wealthiest family, the Sauds, who own Saudi Arabia and the world’s largest oil company, […]
The Empire’s Sea of Woes
The Empire’s Sea of Woes The noose cinches. Second-rate George H.W. Bush got a first-rate Washington send-off. For one day it interrupted the downtrend in equity markets. It may mark the US apotheosis of inflated grandiosity. Across the Atlantic, Emmanuel Macron, pretentious popinjay of Gallic grandiosity, has gotten a deserved comeuppance. Brexit, Trump’s election, and […]
