Turkey

Guest Post: Great Power Realignment - To Russia?

The end result may be "peace," but of the Machiavellian sort. "Peace," Machiavelli wrote, is the set of conditions imposed by the winner on the loser of the last war. The Turks and the Russians understand him. The Americans? Perhaps not so much.

Bilal Erdogan Accused Of Money Laundering In Italy

Bilal Erdogan, son of Turkish President Recep Tayyip Erdogan and alleged patron saint of Islamic State's illicit oil trafficking enterprise, is being accused on money laundering in Italy. His lawyers "have nothing to say."

Turkey Blames Kurds, Assad For Terrorist Attack, Vows Swift Response

"All necessary measures will be taken against [YPG and PKK] anywhere and under any circumstances. No attack against Turkey has been left unanswered. All those who intend to use terror pawns against Turkey must know that [playing] this game of terror will hit them like a boomerang,"

Frontrunning: February 18

  • Oil extends rally towards $35 after Iran welcomes output freeze (Reuters)
  • Overproduction Swamps Smaller Chinese Cities, Revealing Depth of Crisis (WSJ)
  • House Flipping Is Making a Comeback in Las Vegas (BBG)
  • Trump leads Republican field nationally by more than 20 points (Reuters)
  • Turkey blames Kurdish militants for Ankara bomb, vows response in Syria and Iraq (Reuters)

21 New Numbers That Show That The Global Economy Is Absolutely Imploding

After a series of stunning declines through the month of January and the first half of February, global financial markets seem to have found a patch of relative stability at least for the moment. But that does not mean that the crisis is over. On the contrary, all of the hard economic numbers that are coming in from around the world tell us that the global economy is coming apart at the seams.

"Bigger Than Watergate" - Hillary Clinton And The Syrian Bloodbath

The U.S. policy was a massive, horrific failure. Assad did not go, and was not defeated. Russia came to his support. Iran came to his support. The mercenaries sent in to overthrow him were themselves radical jihadists with their own agendas. The chaos opened the way for the Islamic State, building on disaffected Iraqi Army leaders (deposed by the US in 2003), on captured U.S. weaponry, and on the considerable backing by Saudi funds. If the truth were fully known, the multiple scandals involved would surely rival Watergate in shaking the foundations of the US establishment.

How Far Will The U.S. Go If Turkey Invades Syria?

The Government of Turkey has now put itself in a position whereby it must act rapidly and precipitously to avoid moving to an ultimately losing strategic position in the war against Syria, which could result in being forced back to fight a full-scale civil war to prevent the break-up of the State into at least two components, one being a new Kurdish state. The Obama Administration, with less than a year to run on its term, is also throwing caution to the winds, and is empowered in this by the diversion of U.S. political attention on the November 2016 Presidential elections. President Obama hopes to move the U.S. into an irrevocable military action in Syria before the Washington political establishment can warn him off it. And he might succeed.

18 Dead, At Least 61 Injured After Massive "Terrorist" Bombing In Turkish Capital

Update: Sure enough, AKP says this is being treated as "an act of terror"

Did Turkish President Recep Tayyip Erdogan just get the excuse he needed to invade Syria? Expect this to be pinned on either ISIS or the PKK. If it's the latter, Ankara will once again claim that the group is working in concert with the YPG and that will be all the evidence Erdogan needs to march across the border.