Kuwait

If War Comes, Don't Blame The "Military-Industrial Complex" – It's Much Worse Than You Think

"But today the 'Military-Industrial Complex' is an archaic term that doesn’t begin to describe the complexity and influence of current structures. Indeed, even in Eisenhower’s day the MIC was more than a simple duplex consisting of the Pentagon and military contractors but also included an essential third leg: the Congressional committees that provide the money constituting the MIC’s lifeblood."

Crash Landing Of U.S. F-18 Fighter Jet Closes Bahrain's International Airport

A US F-18 fighter jet crash landed at Bahrain's international airport Saturday, causing the complete closure of the island's main commercial flight hub. Photos and brief video footage quickly posted online shows a badly damaged but intact jet with its tail on the ground and nose in the air in a gravel area located completely off the runway.

The Saudi Power Balance Is On A Knife-Edge

The sweltering heat of Saudi Arabian summer will feel like a cool breeze compared to the geopolitical fire that could soon take over the country if ongoing internal power struggles destabilize the Kingdom’s Royal Family and national security in the coming weeks.

WTI Pops'n'Drops As Inventory Draws Battle Surging Production

WTI prices kneejerked higher after last night's yuge crude inventory draw reported by API but prices have leaked lower into the DOE print. Expectations were for a 4th straight weekly draw in crude (thanks to robust refining activity) were confirmed with a 7.2mm inventory drop (less than API's 10.2mm), and Gasoline also saw a major draw (as opposed to API's build). However, exuberance in WTI is not evident as Lower 48 production surge above 9mm barrels for the first time since July 2015.

Moscow, Baghdad Sign Huge Arms Deal

The US still has large influence in Iraq but it does not own it. The impressive performance of Russian weapons in Syria makes them in high demand among the countries facing the terrorist threat. The tank deal between Russia and Iraq reflects the trend.

Washington's "Good Terrorists, Bad Terrorists" Policy In The Middle East

"...More to the point, raising funds for proxy wars from the Gulf Arab States allows the Western executives the freedom to evade congressional scrutiny; and the benefit of buying weapons from the unregulated arms’ markets of the Eastern Europe is that such weapons cannot be traced back to the Western capitals; and using jihadist proxies to achieve strategic objectives has the advantage of taking the plea of “plausible deniability” if the strategy backfires, which it often does."

The ECB's Balance Sheet Is Now The Size Of Japan's GDP

The ECB's balance sheet now stands at €4.23 trillion, making it the largest central bank holding in the World. As Deutsche Bank notes, this is the same as the GDP of Japan (€4.3 trillion) - the 3rd biggest economy in the world and a decent distance ahead of Germany (€3.02tn) - the fourth largest.

Dollar Tumbles, Euro Soars After Obamacare Repeal Dies; China Intervenes To Halt Rout

The Bloomberg Dollar Index tumbled to a fresh 10-month low after two more Republican defections on Monday night doomed the proposed GOP healthcare plan in the Senate. And while Treasuries rose on concerns about inflationary pressures and the viability of the Trump stimulus agenda, S&P futures rebounded gingerly from session lows, and were up 0.1%