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US military document reveals how the West opposed a democratic Syria
US military document reveals how the West opposed a democratic Syria Bashar al-Assad propaganda. watchsmart US military documents from 2011 and 2016 reveal that although officials wanted a Syrian regime change in theory, they thought it was highly unlikely to actually happen — and hoped that if President Bashar al-Assad was overthrown, he would not […]
Turkish Banks Liquidate Gold In Currency Crisis Panic
Turkish Banks Liquidate Gold In Currency Crisis Panic At the peak of the Turkish currency crisis in mid-August, in addition to general concerns about the state of the local economy, one sector got hit especially hard: Turkish banks, which saw their bonds plunge amid growing concerns that the currency slump would makes it impossible for […]
False Flag Stage Set: US, UK, France Threaten Syria with Much Stronger Action
False Flag Stage Set: US, UK, France Threaten Syria with Much Stronger Action The US, UK and France threaten Syria with much stronger action if Assad uses chemicals. A rebel false flag stage is set. The Wall Street Journal reports U.S. Holds Talks With U.K., France on Possible Syria Strikes. The U.S. is working with […]
New Alliance Emerges in Eastern Mediterranean to Reshape Regional Security Landscape
New Alliance Emerges in Eastern Mediterranean to Reshape Regional Security Landscape The military-political landscape in Europe and the Mediterranean is changing. NATO is not as unified as it once was, and Turkey’s membership has become more of a formality than a real thing. A pro-US group consisting of Great Britain, Poland, and the Baltic States […]
What Turkey Can Teach Us About Gold
What Turkey Can Teach Us About Gold If you were contemplating an investment at the beginning of 2014, which of the two assets graphed below would you prefer to own? Data Courtesy: Bloomberg In the traditional and logical way of thinking about investing, the asset that appreciates more is usually the preferred choice. However, the […]
Major Currencies All Over The World Are In “Complete Meltdown” As The $63 Trillion EM Debt Bubble Implodes
Major Currencies All Over The World Are In “Complete Meltdown” As The $63 Trillion EM Debt Bubble Implodes The wait for the next global financial crisis is over. Major currencies all over the planet are in a “death spiral”, many global stock markets are crashing, and economic activity is beginning to decline at a stunning […]
Italy’s Stagnant Economy the Most Likely Trigger to Europe’s Existential Crisis
ITALY’S STAGNANT ECONOMY THE MOST LIKELY TRIGGER TO EUROPE’S EXISTENTIAL CRISIS With the focus on Turkey and the potential related fallout in other emerging markets in recent weeks, it is easy to forget about the Eurozone. Yet the current Italian government is likely to trigger a renewed existential crisis in the Eurozone once the Europeans […]
Russell Napier: “The IMF Is About To Send A Profound Shudder Through A Generation Of Investors”
Russell Napier: “The IMF Is About To Send A Profound Shudder Through A Generation Of Investors” Bringing Up The Bodies in Emerging Markets ‘The order goes to The Tower, “Bring up the bodies.”’ — Bring Up The Bodies, Hilary Mantell (The Forth Estate, Jan 2015) For many investors the meltdown in emerging market exchange rates […]
As Emerging Market Currencies Collapse, Gold is being Mobilized
As Emerging Market Currencies Collapse, Gold is being Mobilized In recent weeks, global financial markets have been increasingly spooked by an intensifying crisis in emerging market currencies including those of Turkey and Argentina. Add to this the ongoing currency crisis in Venezuela and the currency problems of Iran. While all of these countries have economy […]
Turkey Inflation Soars To 15 Year High As Central Bank Pledges Imminent Rate Hike
Turkey Inflation Soars To 15 Year High As Central Bank Pledges Imminent Rate Hike With the Turkish lira plunging, it was not exactly a surprise that Turkish inflation data reported today came even hotter than expected, with inflation jumping a surprising 17.9% Y/Y in August, up from 15.9% and above the 17.6% consensus, with monthly […]
Erdogan Vows To Abandon Dollar, “Doesn’t Need Permission” To Buy Russian Missiles
Erdogan Vows To Abandon Dollar, “Doesn’t Need Permission” To Buy Russian Missiles Another day, another angry rant by Turkish President Recep Tayyip Erdogan aimed at the US, who on Sunday vowed Ankara would abandon the dollar in transactions with Russia and other countries, accusing the US of behaving like “wild wolves.” “America behaves like wild […]
‘Tipping Point’: These Charts Show Some of The Worst Currencies Of 2018
‘Tipping Point’: These Charts Show Some of The Worst Currencies Of 2018 Foreign currencies – especially the Emerging Markets – are having one of their worst years on record. And investor anxieties aren’t easing up. . . I wrote two weeks ago about the strong dollar and the chaos it’s creating for the Emerging Markets. […]
Economic Doom Returns: Emerging Market Currencies Collapse To Record Lows As Global Financial Chaos Accelerates
Economic Doom Returns: Emerging Market Currencies Collapse To Record Lows As Global Financial Chaos Accelerates After a little bit of a lull, the international currency crisis is back with a vengeance. Currencies are collapsing in Argentina, Brazil, India, Turkey and other emerging markets, and central banks are springing into action. It is being hoped that […]
No Other Banks Are This Exposed to Turkey, Argentina, Brazil…. Emerging Markets Haunt Spanish Banks
No Other Banks Are This Exposed to Turkey, Argentina, Brazil…. Emerging Markets Haunt Spanish Banks To diversify from the euro-debt-crisis, the biggest Spanish banks pushed deeply into Emerging Markets. Now, they’re in a new crisis. Almost exactly six years ago, the Spanish government requested a €100 billion bailout from the Troika (ECB, European Commission and […]
Lira Plummets After Turkish Central Bank Deputy Governor Quits
Lira Plummets After Turkish Central Bank Deputy Governor Quits It was already an ugly day for the Turkish Lira, which earlier in the day accelerated its drop for the 4th consecutive session, sending the USDTRY to the highest level since August 14 when the currency crashed over the weekend to the lowest level on record. […]
