Iraq Update: Saudi Arabia Deploys 30,000 Troops On Iraq Border; Iraq Launches Airstrikes At ISIS PositionsSubmitted by Tyler Durden on 07/03/2014 08:17 -0400
While up until now the virtual war between Saudi Arabia, openly calling for the ouster of Iraq's Maliki (whose words in retaliation were just as harsh) was primarily of words, things appear to be escalating on that front too following an overnight report that Saudi Arabia has deployed 30,000 soldiers to its border with Iraq after Iraqi soldiers withdrew from the area, Saudi-owned al-Arabiya television reported Thursday. The world's top oil exporter shares an 500-mile border with Iraq, where Islamic State of Iraq and al-Sham (ISIS) insurgents and other Sunni Muslim militant groups seized towns and cities in a lightning advance last month. King Abdullah has ordered all necessary measures to protect the kingdom against potential "terrorist threats," state news agency SPA reported on Thursday.
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Long before 1984 gave us the adjective “Orwellian” to describe the political corruption of language and thought, Thucydides observed how factional struggles for power make words their first victims, "Words had to change their ordinary meaning and to take that which was now given them." Orwell later explained the reason for such degradation of language, "Political speech and writing are largely the defense of the indefensible." The bottom-line is that tyrannical power and its abuses comprise the "indefensible" that must be verbally disguised; which seems to have never been more appropriate than now in the stream of 'disguised' words we are fed every day...
Whoever really runs things these days for the semi-mummified royal administration down in Saudi Arabia must be leaving skid-marks in his small-clothes thinking about Abu Bakr al-Baghdadi and his ISIS army of psychopathic killers sweeping hither and thither through what is again being quaintly called “the Levant.” ISIS has successfully shocked the world over the last two weeks by negating eight years, several trillion dollars, and 4,500 battle deaths in the USA’s endeavor to turn Iraq into an obedient oil dispensary. Things are happening at lightning speed over in the region and beware of how the turmoil spreads from one flashpoint to another.
U.S. Relies On Law from Governments Which Don’t Even HAVE a Constitution to Justify Assassination of U.S. Citizens By DroneSubmitted by George Washington on 06/30/2014 13:01 -0400
U.S. Relies On Law of Non-Constitutional Countries
The Real History of the American Strategy for Iraq and the Middle East
John Kerry came, saw and as usual made a horse ass out of himself.
This week brings PMIs (US and Euro area ‘flash’) and inflation (US PCE, CPI in Germany, Spain, and Japan). Among other releases, next week in DMs includes [on Monday] PMIs in US (June P), Euro Area Composite (expect 52.8, a touch below previous) and Japan; [on Tuesday] US home prices (FHFA and S&P/Case Shiller) and Consumer Confidence (expect 83.5, same as consensus), Germany IFO; [on Wednesday] US Durable Goods Orders (expect -0.50%, at touch below consensus) and real GDP 1Q anniversary. 3rd (expect -2.0%) and Personal Consumption 1Q (expect 2.0%), and confidence indicators in Germany, France and Italy; [on Thursday] US PCE price index (expect 0.20%), Personal Income and Spending, and GS Analyst Index; and [on Friday] Reuters/U. Michigan Confidence (expect slight improvement to 82, same as consensus), GDP 1Q in France and UK (expect 0.8% and 0.9% yoy, respectively), and CPI in Germany, Italy, Spain and Japan.
Iraq Update: Air Force Runs Out Of Missiles, ISIS Controls The Border; Shiite Clerics Threaten US TroopsSubmitted by Tyler Durden on 06/22/2014 19:07 -0400
Now that the Iraq proxy war scene is set, and as we reported on Friday, Prime Minister Maliki has become a pawn in yet another middle-east war between the west and the petrodollar (with both Saudi Arabia and the US making it clear Maliki has to go) and Russia (with Putin expressing his full support for the prime minister), events will likely unfold at an even faster pace. Sure enough, even this otherwise quiet weekend, in which the world is supposed to put wars on the backburner and focus on the world cup, is chock-full of Iraq news upates. Let's begin.
The slaughterhouse that Iraq has become in the past week is the stuff that nightmares are made of. And this is just the beginning. Here's why...
Despite Secretary of State John Kerry predicting today that Sunni militants in Iraq do not have the ability to overrun Baghdad, the Obama administration is willing to talk with Iran over deteriorating security conditions in Iraq and is not ruling out potential U.S.-Iranian military cooperation in stemming the advance of Sunni extremists. Speaking with Yahoo's Katie Kouric, Kerry confidently explained, "I don’t believe that they will in the near term certainly, and I don’t believe they necessarily can at all," overrun Baghdad or other major cities. Having "absolutely, unquestionably" denied that the turmoil in Iraq could have been prevented if US left a residual force, he somewhat shockingly submitted that the US is "open to any constructive process here [with Iran] that can minimize the violence, hold Iraq together, the integrity of the country and eliminate the presence of outside terrorist forces."
"In retrospect, the spark might seem as ominous as a financial crash, as ordinary as a national election, or as trivial as a Tea Party. The catalyst will unfold according to a basic Crisis dynamic that underlies all of these scenarios: An initial spark will trigger a chain reaction of unyielding responses and further emergencies. The core elements of these scenarios (debt, civic decay, global disorder) will matter more than the details, which the catalyst will juxtapose and connect in some unknowable way. At home and abroad, these events will reflect the tearing of the civic fabric at points of extreme vulnerability – problem areas where America will have neglected, denied, or delayed needed action.” - The Fourth Turning - Strauss & Howe – 1997
The situation in Ukraine and Iraq have gone from bad to worse. There is the potential for a wider Middle East conflict as the region remains a ‘powder keg.’ Iraq may be the match that sees the region explode into chaos and war - with attendant effects on global oil prices and the global economy.