Kazakhstan

Russian Foreign Ministry: "Obama Still Has A Few Days Left To Destroy The World"

Russian foreign ministry spox Maria Zakharova slammed "Obama and his illiterate foreign policy team" saying they "have dealt a crushing blow to America's prestige and leadership" and described his administration as "a bunch of geopolitical losers, enraged and shortsighted." Zakharova added that "Obama's administration still has a few days left to destroy the world."

Turkey Threatens To Block US From Using Incirlik Airbase

"Our people ask, 'Why are they [the U.S. and coalition warplanes] using the ?ncirlik air base' " if they won't back up Turkish forces against ISIS and the Kurdish militias considered terrorists by Turkey? "What purpose are you serving if you do not provide aerial support against [ISIS] in the most sensitive operation for us?"

Turkey's "Long Arm" In Europe

Turkey is exporting its political wars and tensions to Europe. That is not a good sign for the Old Continent.

Putin Announces Syrian Ceasefire Deal, Ready To Start Peace Talks; Obama Snubbed Again

Vladimir Putin said a Syrian cease-fire agreement has been reached with Turkey. Putin said that Russia and Turkey will guarantee the truce, which is set to begin at midnight. The truce would be followed by peace talks between Syrian President Assad's government and the opposition. Sergey Lavrov said that that Donald Trump's administration will be welcome to join the Syrian peace process once he takes office.

Another PR Fiasco For Obama: Russia, Turkey Agree On Syria Ceasefire Plan, Snub Washington

Turkey and Russia have agreed on a proposal toward a general ceasefire in Syria, Turkey's state-run Anadolu Agency said on Wednesday, and will aim to put it into effect by midnight. Anadolu, citing sources, said the two countries have reached a consensus that will be presented to participants in the conflict on expanding the ceasefire that was established in Aleppo earlier this month.

Geopolitics, Globalization, And World Order: Part 1

Big and significant nations like Russia, India, China and Iran are virtually impossible to control militarily, leaving only the financial option available. In this sense, the role of central banks and the de-dollarization process are a core strategic interest for these countries as a way of maintaining their full sovereignty. In going in this direction, they deliver a dramatic blow to US aspirations for a global empire.

Frontrunning: December 7

  • Futures rise for third day in a row (Reuters); Banks Lead Stock Rally as Bonds Gain With Hopes Pinned on Draghi (BBG)
  • Monte dei Paschi bolsters European stocks, ECB looms (Reuters)
  • Finding Risk in All the Wrong Places as Trump Era Begins (BBG)
  • Goldman Tells Stock Pickers to Rejoice as Correlations Decline (BBG)
  • Trump’s ‘Wall’ at Mexico Border Vanishing as GOP Lawmakers Bolt (BBG)

OPEC Scrambles To Salvage Oil Deal In 11th Hour As Tensions Spike

One day after Saudi Arabia raised the prospect that Wednesday's OPEC summit in Vienna may conclude without a deal (which also was spun as optimistic as the market would still revert to "equilibrium", however it was unclear at what price), OPEC members tried on Monday to rescue a deal to limit oil output as tensions grew among the producer group and non-OPEC member Russia.

China Escalates Tensions In Asia's Water Wars

The race to appropriate water resources in Asia is straining agriculture and fisheries, damaging ecosystems, and fostering dangerous distrust and discord across the region. It must be brought to an end.