Just two day after the Turkish President Erdogan's stunning outburst that "the culprits are clear: French citizens undertook this massacre and Muslims were blamed for it," and blamed Mossad for masterminding it, Turkish Prime Minister Ahmet Davutoglu on Thursday accused his Israeli counterpart Benjamin Netanyahu of committing "crimes against humanity" comparable to those of the Islamist gunmen behind the Paris attacks that left 17 dead.
Vladimir Putin ordered the Russian state energy giant Gazprom to cut supplies to and through Ukraine amid accusations, according to The Daily Mail, that its neighbor has been siphoning off and stealing Russian gas. Due to these "transit risks for European consumers in the territory of Ukraine," Gazprom cut gas exports to Europe by 60%, plunging the continent into an energy crisis "within hours." Perhaps explaining the explosion higher in NatGas prices (and oil) today, gas companies in Ukraine confirmed that Russia had cut off supply; and six countries reported a complete shut-off of Russian gas. The EU raged that the sudden cut-off to some of its member countries was "completely unacceptable," but Gazprom CEO Alexey Miller later added that Russia plans to shift all its natural gas flows crossing Ukraine to a route via Turkey; and Russian Energy Minister Alexander Novak stated unequivocally, "the decision has been made."
Turkish President's Stunning Outburst: The French Are Behind The Charlie Hebdo Massacre; Mossad BlamedSubmitted by Tyler Durden on 01/14/2015 00:55 -0400
It was less than 48 hours ago when Turkey’s prime minister, Ahmet Davutoglu, joined millions marching in Paris to pay tribute to the 17 people killed by ISIS-supporting extremists. Then, almost the moment he got back, things changed, and as the FT politely paraphrases what transpired, the "country’s president struck a much more confrontational tone." That's one way of putting it. Another is that the former PM and current president, Recep Tayyip Erdogan, of NATO-member Turkey did the unthinkable: accused the west, and French citizens in particular, of staging the Charlie Hebdo murder in order to blame Muslims, even as the mayor of Ankara said "Mossad is definitely behind such incidents . . . it is boosting enmity towards Islam."
For Sale To The Highest Bidder – How Middle Eastern Governments Are Buying Off The US Political ProcessSubmitted by Tyler Durden on 01/14/2015 00:15 -0400
The quaint notion that the U.S. political system remotely resembles either a Republic or a Democracy should have been abandoned long ago. Any lingering illusions were surely extinguished last year, when an academic study empirically proved that the USA is nothing more than a corrupt oligarchy...
If We Want to Stop Terrorism, Maybe We Should Stop Supporting @&!%#! Terrorists?
Slain Paris Terrorist Claims He Was Working For ISIS In Posthumous Video, Explains Reasons For AttackSubmitted by Tyler Durden on 01/12/2015 09:43 -0400
Two days after the dramatic and tragic events from Friday, Amedy Coulibaly, who in coordination with the two brothers who attacked a satirical newspaper and said they were affiliated with al-Qaeda, killed four hostages at a Paris supermarket Friday before he was slain by police appeared in a new posthumous video released on Sunday, on which he pledging allegiance to the Islamic State group and explained the planning and the reasoning behind the attacks that sowed terror across France.
Governments from Around the World ADMIT They Do It
People are becoming more critical of our current monetary system. In the past six years, central banks have promised us growth within six months’ time. They and the whole monetary and financial system have lost credibility. The banks’ profit to GDP is the highest in history in an economic environment where we have the highest amount of unemployment since WWII. There is something very wrong with the way the system works and this is all due to the overemphasis on trying to minimize the business cycle. The real conclusion of QE can only become visible if we experience the full business cycle. In Jakobsen's view, we have never been allowed to have a down cycle since 2008. But now, there is finally going to be a down cycle because central planners can’t print more money. As Jakobsen puts it: “Now is the time for the real economy to take over”.
"This is why Putin is Public Enemy Number 1. It’s because he’s blocking the US pivot to Asia, strengthening anti-Washington coalitions, sabotaging US foreign policy objectives in the Middle East, creating institutions that rival the IMF and World Bank, transacting massive energy deals with critical US allies, increasing membership in an integrated, single-market Eurasian Economic Union, and attacking the structural foundation upon which the entire US empire rests, the dollar." Up to now, of course, Russia, Iran and Venezuela have taken the biggest hit from low oil prices; but what the Obama administration should be worried about is the second-order effects that will eventually show up...
Be afraid, be very afraid. While French Interior Minister Bernard Cazeneuve said Friday "The nation is relieved tonight," after the two standoffs concluded, as CNN reports, the French government's work is not over. French law enforcement officers have been told to erase their social media presence and to carry their weapons at all times because terror sleeper cells have been activated over the last 24 hours in the country, according to a French police source. Investigations continue into which terrorist group was ultimately responsible and, not be outdone in the fearmongery, The US State Department has issued a Worldwide Caution warning travelers, of the "continuing threat of terrorist actions and violence against U.S. citizens and interests throughout the world." Thank goodness we have the governments to protect us.
- Global Debt Crisis II – Total Global Debt to GDP Ratio Over 300% - Risk of Bail-Ins in 2015 and Beyond - Currency and Gold Wars - $1 Quadrillion “Weapons of Mass Destruction” Derivatives - Cold War II and New World Order as China and Russia Flex Geopolitical Muscles - Enter The Dragon – Paradigm Shift of China Gold Demand - Forecast 2015: None. Forecast 2020: Gold $2,500/oz and Silver $150/oz
If we review the events of 2014, it seems the situation has intensified: governments are still overwhelmed with debt, our fiat money system is unsupported, our central banks insist on accumulating debt and making money valueless. Will someone realize we have to pull the plug? And when we do, because it will happen whether we want it or not, how can we hedge against the damage that we will all be exposed to? Owning physical precious metals stored outside the banking system is a proven and essential form of monetary insurance against the uncertainties and negative surprises we see in our world today.
What scares me about the Clash of Civilizations is that the three leaders of the three biggest civilizations – the US (Western), China (Sinic), and Russia (Orthodox) – will misplay their hands and take on another civilization directly or, worse, take on each other, and that will vaporize the Narrative of Central Bank Omnipotence in a nanosecond. The existential risk here for markets is not that China/Russia/Europe/America might “collapse”, whatever that means. No, the existential risk is that the great civilizations of the world will be “hollowed out” internally, so that the process of managing the ten thousand year old competition between civilizations devolves into an unstable game of pandering to domestic crowds rather than a stable equilibrium of balance of power.
Halloween has a socialist tenor. Menacing figures arrive at your door uninvited, demand your property, and threaten to perform an unspecified "trick" if you don't fork over. That's the way the government works in a nutshell. Thanksgiving has been reinterpreted as the white man, after burning, raping, and pillaging the noble Indian, trying to make amends with a cheap turkey dinner. New Year's can be ruined as the beginning of a new tax year, and the knowledge that the next five or six months will be spent working for the government. That's why I love Christmas.