Turkey

How The Mainstream Media Turned Al Qaeda Into A US Ally In Syria

Since 9/11, US corporate media have portrayed Al Qaeda as a monstrous organization whose existence justifies a global war without end. Who could have predicted that by 2016, these same media outlets would become Al Qaeda’s most enthusiastic cheerleaders?

The Fourth-Generation War

For most people, the term “4GW” will conjure visions of a new and improved data service for their mobile devices. For members of the military and intelligence community, 4GW means something entirely different: Fourth-Generation Warfare, a form of warfare where the lines between civilians and combatants, political and military goals, and even the weapons to be used in fighting the war are blurred. Smudged to the point where even identifying the warring parties is difficult.

Is Liberal Democracy An Endangered Species?

Donald Trump’s victory represented a rejection of Barack Obama’s America. And whether he succeeds, what is there to cause America to look back with nostalgia on the America Obama came to represent? Our Founding Fathers believed that democracy represented the degeneration of a republic; they feared and loathed it, and felt that it was the precursor of dictatorship. They may have been right again.

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?"

These Are Barclays' 13 Commodity "Black Swan Threats" For 2017

Beware the commodity "black swans" in 2017, at least according to Barclays. The British bank warns that raw materials markets from oil to metals face the a high likelihood of disruptions, which among, other include a default by Venezuela, riots in Chile, a trade war with China, more terrorism in Turkey, and even a Fukushima-type disaster in China.

It's The "Most Volatile" Year For Political Risk Since World War II

"In 2017 we enter a period of geopolitical recession," warns Eurasia Group president Ian Bremmer, adding that international war or "the breakdown of major central government institutions" isn't inevitable, though "such an outcome is now thinkable." In the company's 19th annual outlook, Eurasia fears that U.S. unilateralism under Donald Trump, China’s growing assertiveness and a weakened German Chancellor Angela Merkel will make 2017 the "most volatile" year for political risk since World War II.

Injuries Reported After Gunman Opens Fire In Istanbul Restaurant

According to CNN Turk, a shooting has been reported at a restaurant in the Fatih district of Istanbul, According to initial reports 3 persons have been injured in the shooting. According to preliminary reports on social media, the shooting is the result of a dometic personal conflict and not due to terrorism.

Frontrunning: January 4

  • Trump Tariff on GM Would Violate NAFTA. That May Not Stop Him (BBG)
  • Obama Tries to Save Parts of Health Law Amid GOP Attack (WSJ)
  • Trump Puts Auto Makers, Trade Policy in Spotlight (WSJ)
  • British consumers borrow at fastest rate in 11 years as inflation threat rises (Reuters)
  • Investment banking fees fall 7 percent in 2016 dragged down by equity raisings (Reuters)

China Warns May Dump Treasuries To Keep Yuan Stable, Prepares More Capital Controls

Having tried and failed with simple jawboning, China admitted that it has "studied possible scenarios of yuan exchange rate and capital outflows in 2017 based on models, stress tests and field research, and is preparing contingency plans", Bloomberg reported citing sources, and added that "China may further cut U.S. Treasury holdings in 2017 if needed to keep exchange rate stable."

Can Trump And Putin Avert Cold War II?

The worst mistake President Trump could make would be to let the Russophobes grab the wheel and steer us into another Cold War that could be as costly as the first, and might not end as peacefully. Reagan’s outstretched hand to Gorbachev worked. Trump has nothing to lose by extending his to Vladimir Putin, and much perhaps to win.

OPEC Deal Non-Compliance Begins: Iraq Accuses Kurds Of Pumping More Than Permitted

Not even a week has passed since the Vienna OPEC production cut deal was launched, and already Iraq's Prime Minister Haider al-Abadi accused autonomous Kurdish region of non-compliance and exporting more than double its allocated share: "The region is exporting more than its share, more than the 17 percent stated in the budget."

A Biased 2017 Forecast, Part 2

"Our comforting conviction that the world makes sense rests on a secure foundation: our almost unlimited ability to ignore our ignorance."

Kunstler: 2017 Is When The Wheels Finally Come Off

The American people have been punked by their own government and their central bank, the Federal Reserve, for years and the jig is now up. In 2017 both will lose their authority and legitimacy, a very grave matter for the survival of this republic.