Turkey

A Post Western World? A Disturbing Interview With Prof. Harry Redner - Part 2

The political and economic issues broadly discussed in the media usually revolve around political cycles, terrorism, foreign policy, rising debt levels, sluggish economic performance, academic underachievement, environmental problems, ageing demographics and so forth. In our view, this all ties into a major cycle of history that has been with us for some time, and which has been gaining traction since the 1990s: the end of "Western Civilization" and the transition towards a globalized society.

Senate Democrat Accuses Donald Trump And His "Friend" Putin Of Founding ISIS

"It was also important to realize that [Syrian President Bashar al] Assad, by what he did in his country, allowed ISIS to move into ... Syria and get strongholds and recruit. That was the work and support of [Russian President Vladimir] Putin, who is Trump's best buddy. So you can say Trump and his friend Putin are the founder of ISIS, which probably would be more accurate than calling out the commander in chief in that way."

Merkel Urges German CEOs To Hire Refugees

Merkel has invited executives from some of Germany's biggest listed companies to attend a summit next month where she will urge them to hire more refugees. According to Germany's Bild, the government wants to get as many as possible refugees into the job market, which would reduce their dependence on the state. This is great news for Deutsche Bank, which now has many potential candidates for a "scapegoat" CEO as the company's woes accelerate.

Frontrunning: August 12

  • Stocks Hit New Highs, and That Could Be Just the Start (WSJ)
  • China Slows as Stimulus Impact Wanes (WSJ)
  • How the China Shock, Deep and Swift, Spurred the Rise of Trump (WSJ)
  • Italian Economy Unexpectedly Stagnates in Threat to Renzi (BBG)
  • Clinton disparages Trump's economic plan, vows to help workers (Reuters)

Erdogan Threatens To Abandon US Dollar In Trade With Russia

According to Turkey's Gunes newspaper, which said that as part of the discussion between Putin and Erdogan on Tuesday, the Turkish president suggested to abandon the US dollar in bilateral trade between Turkey and Russia, and instead to transact directly in lira and rubles.

George Soros, NATO Allegedly Hacked By "Russians"

Step aside Democratic party: according to the latest official conspiracy theory promoted by the media, in addition to the DNC, unknown hackers managed to penetrate both the server of retired former top NATO general, Philip Breedlove as well as that of George Soros, the prominent billionaire supporter behind Hillary Clinton's campaign. Only the people are not "unknown", as the media already has its pre-determined narrative : they are, of course, Russians.

How Donald Trump Can Win In A Landslide

If Trump sticks to the following points, he will win the election and win it in a landslide.  In each case, Trump’s message – when he stays on point – resonates with many Americans. 

France Moves To De-Radicalize Its Mosques

France is taking steps to de-radicalize its mosques in the hopes of preventing the radicalization of its Muslim community. Since December, the French government, acting under expanded emergency powers, has shut down twenty mosques for preaching Salafism, a strict and highly politicized Sunni interpretation of Islam.

After Turkey Warns West May "Lose" The Country, NATO "Reminds" Ankara It Is Still An Alliance Member

Less than a day after Turkey's surprising pivot toward Russia, when in his first post-coup trip abroad Turkey president Erdogan flew not to a western, or NATO, ally but instead jaunted to meet with Vladimit Putin to repair and cement future ties, a suddenly very defensive NATO and in what some commentators dubbed an "odd move", reminded Turkey that it is still an ally member.

Frontrunning: August 9

  • Search for yield drives stocks higher, pound falls vs dollar (Reuters)
  • China's slowing wholesale deflation takes pressure off central bank (Reuters)
  • Rajan Holds India Rates in Final Move as Inflation Quickens (BBG)
  • Brent above $45 on U.S. inventories, producer action speculation (Reuters)
  • Republican national security experts: Trump would be 'dangerous' president (Reuters)

West On Edge As Erdogan Meets With Putin: "Turkey's Relations With The US Are The Worst In 50 Years"

In a slap to the face of its Western friends, as the FT puts it, instead of visiting a Nato ally, Erdogan's first trip abroad since surviving last month’s coup attempt the Turkish president is going to Vladimir Putin’s Russia. As one Turkish diplomat in Moscow said: “Our relations with the US are the worst in 50 years  . . .  and that definitely makes engaging Russia an attractive option.” Needless to say, Putin will be most delighted by this development...

Meanwhile, In The Philippines...

The killing of over 400 drug dealers in he Philippine government's "war on narco-politics" has reportedly led to an additional 500,000 turning themselves in... “I’ll really have you killed… My order is shoot to kill you. I don’t care about human rights, you better believe me.” Those are the words of recently elected Philippine President Rodrigo Duterte, adding during a televised national address "my mouth has no due process."