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Turkey In Turmoil After Tanks Roll Out To Stop Deadly Protests; Stocks Tumble

Tyler Durden's picture




 

While geopolitics has largely dropped of the front news page, replaced by updates on the global Ebola epidemic (which until recently was considered nothing but fearmongering by those who prefer to avoid reality ews until it is far too late), things in the Middle East are getting worse, and while the US attack against ISIS has achieved absolutely nothing (in fact, the revelation of US strategies may have facilitated the incursion of ISIS into the town of Kobani, a mostly Kurdish city in north Syria), the latest geopolitical hotspot over the past few days has become NATO member Turkey (we provided a big picture summary in "Turkey, The Kurds And Iraq - The Prize & Peril Of Kirkuk"). It is here that violent clashes broke out across the southeast of the nation with several people reported dead and curfews imposed, as the region’s Kurdish people protested the advance of Islamic State just across the border with Syria.

As Bloomberg reports, demonstrators clashed with police and in some areas with members of local Islamist groups, according to Turkish media. Haberturk website said that five people were killed in Diyarbakir, Turkey’s largest Kurdish city. A curfew was imposed there at 10 p.m. local time as well as in Mardin, Siirt, Batman and Van, according to Hurriyet newspaper.

The reason for the anger:  Syrian Kurdish fighters are battling to prevent Islamic State militants from overrunning Kobani, a mostly Kurdish city in north Syria a couple of miles south of the Turkish border. Kurds have blamed the Turkish government for not doing enough to help the Kurds of Kobani.

As a result, Twitter is overrun with photos such as the following:

But while people are expendable, even in the most banana republic, surging assets aren't, and while the regional violent protests would likely be ignored, it is the impact they are having on local stocks that has gotten the world's attention. To wit: the Turkish lira weakened for a second day and Turkish stocks dropped to a five-month low as nervous traders took profits following the breakout of deadly clashes:

From Bloomberg

The lira depreciated 0.8 percent against the dollar to 2.2929 at 1:14 p.m. in Istanbul, sinking the most among 24 emerging market currencies tacked by Bloomberg. The Borsa Istanbul 100 Index (XU100) retreated 2 percent to the lowest since April 30 at the midday break. Trading in Turkish equity and debt instrument markets restarted today after closing at midday on Oct. 3.

 

Kurds in the southeast are protesting the government’s limited response to Islamic State militants threatening the town of Kobani just across the Syrian border. Haberturk website said at least 15 people were killed in the violence. A curfew was imposed there at 10 p.m. local time yesterday, as well as in Mardin, Siirt, Batman and Van, according to Hurriyet newspaper, which put the death toll at 14.

 

“The protests are clearly taking a toll on the lira,” Ipek Ozkardeskaya, a currency strategist at Swissquote Bank SA in Geneva, said in e-mailed comments. “There is an increase in geo-political risk perception. A close above 2.28 liras may increase the depreciation momentum, and Fed minutes are likely to support this trend.”

 

The yield on the nation’s 10-year debt jumped for the first time this month, rising 10 basis points to 9.74 percent. The Borsa’s 14-day relative strength index fell to 26, the lowest since June 2013. A level below 30 indicates to some technical analysts that a security or index is oversold and is poised to rise.

 

“If Turkey intervenes militarily, the negative impact on financial markets could continue,” Ozgur Altug, chief economist at BGC Partners in Istanbul, said by e-mail.

Because that's really what matters: financial markets. Who cares about the collateral damage such as countless human lives lost to serve someone's bigger agenda.

 

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Wed, 10/08/2014 - 10:52 | 5303059 JustObserving
JustObserving's picture

Karma is a bitch.  Blowback for training and funding ISIS:

For three years, the US, along with the Gulf states and Turkey, poured billions into “opposition” groups, supposedly to unnamed “moderates,” but in reality to Al Qaeda-linked Sunni groups such as al-Nusra and ISIS to spearhead a sectarian war. The US, Turkey and Jordan have operated a base in Jordan where US instructors trained dozens of ISIS members. In an article last year, the New York Times confirmed that the CIA assisted Arab governments and Turkey by airlifting weaponry to these groups in Jordan and Turkey. TheGuardian reported last March that British and French instructors were also involved.

Other ISIS members were trained near Incirlik Air Base near Adana, Turkey, where US forces are based.

http://www.wsws.org/en/articles/2014/07/30/isis-j30.html

Wed, 10/08/2014 - 10:55 | 5303083 TruthInSunshine
TruthInSunshine's picture

[James Earl Jones voiceover]

***This Is A CNN Breaking News Alert***

"President Obama has been assessed a two-stroke penalty."

Wed, 10/08/2014 - 11:53 | 5303531 max2205
max2205's picture

Send in NATO.....oh wait....

Wed, 10/08/2014 - 12:45 | 5303876 Paveway IV
Paveway IV's picture

ZATO smuggles arms, terrorists, TOWs and chemical weapons into Syria through two main Turkish crossings - one in Kilis (almost gone) and one in Kobane (which the Kurds fiercely defended). Remember, these are not the Kurds with oil in Iraq (the 'good' Kurds to ZATO) - these are nobody Kurds with no oil (the 'bad' Kurds to ZATO).

Kobane (or Ayn al Arab on Google Maps) is a strategic border crossing that ZATO has wanted to control since the start of the war. The Kurds that lived there are homeowners and farmers that don't want ANY head-chopper terrorists - FSA, al Nusra or ISIS - setting up shop there. Kobane Kurds have been fighting to keep all the ZATO-sponsored head-choppers from even crossing into Syria through their town. That pisses of ZATO. If you're not on ZATO's team, then you are the enemy.

ZATO put Kobane on the kill list months ago - the Kurds there never had a chance. Turkey wanted to slaughter everyone in Kobane too, but that's just because they hate Kurds.

Most important: Kobane is the geographic center for the string of air defense sites along the northern border of Syria. Just like along the Golan, the U.S. has been sending fake al Nusra and fake ISIS to take out ALL Syrian air defense equipment in the north. It's sort of for ZATO aircraft protection, but most of all it secures Syria's northern border for Israel's air-highway from the Medditerranian to Iran. The U.S. taxpayers just gave Israel a few air-refuling tankers specifically to make it to Iran for bombing runs, Israel isn't going to fly over northern Syria if it's not safe, so they ordered their U.S. bitches to take out all the northern air defense installations. The Syrian air base at Al Raqqa is gone, Kobane is being destroyed now. 

This is exactly what happened along the Golan border: there were a series of well-coordinated attacks that systematically destroyed all Syrian air defense and signals intelligence capability. Costly battles for the FSA, which cannot possibly be threatened by Syrian air defense networks. Again, ZATO intrigue for their covert Syrian genocide.

The U.S. is perfectly capable of identifying and taking out any fake-ISIS armor and artillery, but hasn't bothered for Kobane. Maybe a token mortar or two taken out. Once ISIS has leveled the town, the ZATO jets will take out anything related to Syrian air defense. Most of the Kurds have fled (or are dead) so ZATO will be free to open their long sought-after Turkish rat line through Kobane. And Israel, of course, gets their safe-fly-zone across northern Syria to kill Iranians.

 

Wed, 10/08/2014 - 13:14 | 5304085 svayambhu108
svayambhu108's picture

This will happen to US allies everywhere. Take note Polonia and etc in the Ukraine issue.

Wed, 10/08/2014 - 14:24 | 5304389 Stumpy4516
Stumpy4516's picture

Paveway is correct.

And Putin again does nothing.  On the bullets side of the battles Putin is weak and will not or can not directly help Russia's "friends".  Think Iraq, Libya, Syria and others.  They are going after Iran and will provide the massive air attacks needed.  Putin got worried about upsetting the west too much and backed out of his agreements to sell Russia's advanced air defense missiles to Iran and Syria.  Betrayal by Putin.

Putin stopped the EUkrain rebels advance due to concerns of what the west might do when the WUkrain's total defeat was close.  Betrayal by Putin.  When that confilct restarts the WUkrain will be fully outfitted with precision weapons and full tactical "advice" and prehaps more.

Putin's/Russia's backing down is going to finally catch up with them.  Putin is not the one playing chess in the bullets war.  Once the west finishes Syria and Iran a new type of control over the region will result and the resources of the region will be used to further fund the attack on Russia's economic stability.   At that time Putin's friends on the "economic battle field" will be singled out one at a time (except for China) and easily taken out (well, India will be destabilitzed and damaged but not taken out). Putin will use his economic friends the same way he uses his military friends, he will allow them to have no choice but to fight to survive but without any real commitment from Russia. 

Putin should have taken a stand long ago, when he had countries in the region who would have joined together with Russia's military assistance. 

One can only wonder what the plan is for the economic offensive against Russia or how they prestaged resources for the internal chaos of Russia.

Once Russia is too weak China will become indifferent to Putin.  China already appears to view Russia as a friend who will just use China as if a foolish girl if allowed.

Wed, 10/08/2014 - 10:57 | 5303105 Tsar Pointless
Tsar Pointless's picture

My other half - a bright man and not one to be taken by theories of conspiracy - even asked a few weeks ago if ISIS wasn't some kind of CIA-created boogeyman.

I, of course, retorted in the affirmative.

People know more than TPTB thinks/wants them to know, even if those people don't know it. You know what I mean.

Wed, 10/08/2014 - 11:04 | 5303142 Eeyores Enigma
Eeyores Enigma's picture

Bill Clinton started it;

"It depends on what the definition of IS IS"

Evil Bastard

Wed, 10/08/2014 - 11:10 | 5303176 pods
pods's picture

Exactly. It sits there, irritating you, like a splinter in your mind.

(Morpheus)

Wed, 10/08/2014 - 10:59 | 5303107 NotApplicable
NotApplicable's picture

"Blowback" implies unintended consequences, which I cannot find feasible.

These consequences are definitely intended, as that's the only tool the divide and conquer rulers of the world have at their disposal.

The only Karma coming is for the fools that believe the script.

Wed, 10/08/2014 - 10:58 | 5303111 Bloppy
Bloppy's picture

Has our Middle East policy ever been more muddled?

 

"I5I5" license plate nearly gets motorist killed http://tinyurl.com/lv6db9v

Wed, 10/08/2014 - 11:16 | 5303212 CrimsonAvenger
CrimsonAvenger's picture

Once Jimmy Carter tells you you've fucked up in the middle east, "muddled" is about the nicest way you can describe it:

http://www.politico.com/story/2014/10/jimmy-carter-barack-obama-isil-111692.html

Wed, 10/08/2014 - 11:28 | 5303312 McCormick No. 9
McCormick No. 9's picture

Turkey, US, Israel personified: (Rubbing hands together) Let us create this monster. With it, we can achieve our objectives! HAhahahahaha!

Assistant: But sir... can we control it once it is created?

TUI: Yes there is a risk, but the upsides outweigh the downside of being potential victims of our own creation. Pull the switch! Energize the golem we call... ISIS!!!! HaHAHAHA hA ha hahaha!!

Assistant: But sir... it says in Proverbs, in the Book of Holy Wisdom, that a man who digs a pit for his neighbor will fall into himself.

TUI: That's just a goddamned Piece of paper!

Assistant: It says in the Holy Q'ran, Al Bakra, verse 279: "And if you do not do it, then take a notice of war from Allah and His Messenger but if you repent, you shall have your capital sums. Deal not unjustly (by asking more than your capital sums), and you shall not be dealt with unjustly (by receiving less than your capital sums)."

TUI: Damn that book! They always want to take my usury! Energize the Monster!

 

Wed, 10/08/2014 - 10:52 | 5303072 astoriajoe
astoriajoe's picture

Surely their version of twitter must be surging. oh, right.

Wed, 10/08/2014 - 10:54 | 5303079 COSMOS
COSMOS's picture

I guess the next thing will be that someone gets Turkey's gold just like they did Ukraine's and Libya's

Wed, 10/08/2014 - 11:14 | 5303197 Ghordius
Ghordius's picture

with that you are underestimating Turkey, which is a regional power in it's own right

Wed, 10/08/2014 - 12:11 | 5303665 BigJim
BigJim's picture

Indeed it is.

Great women. But man, are the Turks nationalistic with a capital F. And never, NEVER insult Attaturk. The man is held in higher regard than Muhammed.

Wed, 10/08/2014 - 12:46 | 5303911 Sandmann
Sandmann's picture

Turkey is basically propped up by Saudi Arabian funding - it is a giant bubble economy

Wed, 10/08/2014 - 11:38 | 5303417 Bunghole
Bunghole's picture

Syria's gold is next for the looting.

 

Wed, 10/08/2014 - 10:55 | 5303086 Bunghole
Bunghole's picture

Turkish tanks look a lot like ISIS tanks. 

http://www.zerohedge.com/news/2014-09-29/presenting-isis-beating-mad-max...

LO Fucking L

Wed, 10/08/2014 - 10:55 | 5303088 youngman
youngman's picture

Turkey is ready to pounce.....they want some of that territory too...and have the NATO backing....if Turkey jumps in..this is going to get much bigger....bigger than expected...FUBAR

Wed, 10/08/2014 - 11:03 | 5303139 tonyw
tonyw's picture

IMHO Turkey is very content to just let them kill each other, they view both sides as terrorists so the more dead the better for them.

Turkey has a huge army so could easily cross the border and crush IS if it wanted to.

 

Wed, 10/08/2014 - 16:14 | 5305128 Paveway IV
Paveway IV's picture

The huge Kurdish population of Turkey would beg to differ with your opinion about being 'content'.

In fact, Kurdish Turk's outrage at the Turkish government could create a chain of events leading to Erdogan's ouster and the eventual breakup of Turkey. At the very least, it is going to result in a considerable amount of bloodshed in that country. 

Turkey isn't doing anything because the U.S. and ZATO told them not to do anything - the whole point of engineering an ISIS attack on Kobane was to destroy  and depopulate it forever. There are reports that overnight ZATO strikes were actually directed at the headquarters of Kurdish forces inside Kobane defending the town. In the mean time, ISIS artillery pieces and tanks in plain view on the hillside overlooking Kobane are left untuched by ZATO. That's particularly odd, considering their thermal imaging and targeting is perfectly capable of putting a hellfire missile directly on a human-sized target from a half-mile away in the middle of the night - when they want to.

ZATO wants the Kobane Kurds to die, just like they want the rest of the Rojava Kurds dead. Every last one of them.

Wed, 10/08/2014 - 10:56 | 5303093 yrbmegr
yrbmegr's picture

Headline's a bit purple there.  "Turkey" is not in turmoil, any more than "the United States" was in turmoil when there were riots in Ferguson, MO.  There is certainly turmoil in parts of Turkey, but it is overstating the news to say that "Turkey [Is] In Turmoil".

Wed, 10/08/2014 - 11:01 | 5303094 tony wilson
tony wilson's picture

erdogan and the kurds a match made in talmudic tel aviv saturnic hell.

 

isis is ERDOGAN the jew pimp live organ harvester

isis is jewish house of saud and qatar

isis is cia and mi6

ISIS ABOVE ALL IS ISRAEL

fuck you kurd

fuck you traitorious turk

vampyres all

straight to hell the lot of you.

Wed, 10/08/2014 - 11:07 | 5303158 JustObserving
JustObserving's picture
Turkey demands US back war to topple Syria’s Assad


By Bill Van Auken 
8 October 2014

 

As forces of the Islamic State in Iraq and Syria (ISIS) appeared poised to overrun the predominantly Kurdish town of Kobani Tuesday, Turkey’s President Recep Tayyip Erdogan spelled out demands that Washington back a ground war aimed at toppling the Syrian government of President Bashar al-Assad.

The dramatic events on the Syrian-Turkish border have served to underscore the incoherence of the policy guiding Washington’s new war in the Middle East as well as the steadily mounting pressure for the Obama administration to mount a full-scale ground operation encompassing both Iraq and Syria, with the certainty of catastrophic consequences.

“I am telling the West—dropping bombs from the air will not provide a solution,” Edogan told an audience of Syrian refugees in the southeastern province of Gaziantep Tuesday. “The terror will not be over…until there is cooperation for a ground operation.”

http://www.wsws.org/en/articles/2014/10/08/isis-o08.html

Wed, 10/08/2014 - 11:07 | 5303160 bbq on whitehou...
bbq on whitehouse lawn's picture

Turkey now has a border dispute, does that mean they will be kicked out of Nato? Lets see how many Germans and French are willing to die for Turkey's local issue.

Nato only works in peace time.

Wed, 10/08/2014 - 11:08 | 5303170 kowalli
kowalli's picture

Nato are bunch of clowns who can olny do what a master says.

They will not die for each other.

Wed, 10/08/2014 - 11:56 | 5303554 BigJim
BigJim's picture

 They will not die for each other.

'They' do not have to. That's what ground troops are for.

Wed, 10/08/2014 - 12:00 | 5303591 Jano
Jano's picture

DC & Tel Aviv decide.
Not F or D.

Wed, 10/08/2014 - 11:09 | 5303174 ebworthen
ebworthen's picture

Two things that won't change in my lifetime:

"Unrest in the Middle East" and "Taxes due April 15th".

Wed, 10/08/2014 - 11:13 | 5303199 JustObserving
JustObserving's picture

And US killing brown people:

George Carlin on American Foreign Policy - Bombing Brown People

http://www.youtube.com/watch?v=dDw-zFFhFgc

Wed, 10/08/2014 - 11:18 | 5303211 tony wilson
tony wilson's picture

time for syria to call up hezbollah tank killer crews.

they fucked up the idf some in 2007

they can have a crack at the turk.

it seems the jewish fella erdogan has been moving a lot of tank stuff up syria way part of the brookings institute turkey israel syriana squeeze.

if lebanese hezbollah kill turkic tanks on syrian soil who does nato bomb?

Wed, 10/08/2014 - 11:57 | 5303562 BigJim
BigJim's picture

Iran?

Wed, 10/08/2014 - 12:03 | 5303612 BraveSirRobin
BraveSirRobin's picture

I think you are missing a few jews. Don't you mean:

"jewish time for jewish syria to jewish call up jewish hezbollan jewish tank jewish killer crews. they jewish fucked up the jewish idf some in jewish 2007. it seems the jewish fella erdogan has been jewish moving a lot of jewish tank stuff up jewish syria way jewish part of the jewish brookings institute jewish turkey israel syrianna jewish squeeze.

And of course - "if jewish lebanese jewish hezbollah jewish kill jewish turkic jewish tanks on jewish syrian jewish soil who does jewish nato jewish bomb/"

Wed, 10/08/2014 - 11:25 | 5303295 Son of Captain Nemo
Son of Captain Nemo's picture

Well at least we know where those black Al-Qaeda/Al Nursra/FSA/ISIS/ISIL/Khorason flags are manufactured?...

At this point they might as well put the place of origin with an address in Haifa, Tel Aviv or McLean on it as a show of pride!

Wed, 10/08/2014 - 12:20 | 5303635 Son of Captain Nemo
Son of Captain Nemo's picture

Congratulations President Obama!  As per your usual and with the help of those pilots that are still "on-board" job well done!!

And the biggest appreciation and applause goes out to Americans of all races, creeds and colors for just "staying out of the way" to make moar death and destruction such a resounding success!!!

http://matrixbob.wordpress.com/2014/10/08/us-airstrikes-kill-22-civilian...

 

Wed, 10/08/2014 - 12:42 | 5303845 Son of Captain Nemo
Son of Captain Nemo's picture

Are we having fun yet?...

Question: Will Duncan Hunter be asked to testify before a grand jury if something catastrophic should take place in the future in/CONUS along with the DHS, FBI, CIA and NSA for their failure in leadership to thwart it?...

If found guilty in negligence in their professional duties while in service to the Country, what kinds of punishment(s) will the American people be guaranteed in this post-9/11 security conscious environment we've been living in since 2001 that has bankrupted our economy and will it include imprisonment or capital punishment?...

Inquirin' minds want to know!

 

Wed, 10/08/2014 - 12:44 | 5303889 Sandmann
Sandmann's picture

That is what Turkey's army is good for - beating down on civilians. It certainly isn't going to fight anyone with guns because its track record ain't too good.

 

Wed, 10/08/2014 - 14:47 | 5304537 Diogenes of Sinope
Diogenes of Sinope's picture

I am starting to agree with the folks who say it is all for show, one big NWO puppet show.

Or maybe Putin and Iran will give the Kurds some Novorossiya/Hezbollah type support.  I can't believe they haven't started fucking with Saud and Turkey.  Waiting for another Beslan?

The whole thing really is a giant clusterfuck.

Wed, 10/08/2014 - 15:37 | 5304902 Fuku Ben
Fuku Ben's picture

Yes, one big show with a lot of unwitting and unwilling participants that will needlessly lose their lives

You're starting to get a sense of how sick these things are that run the show

Wed, 10/08/2014 - 19:05 | 5305957 datapanik
datapanik's picture

IS = the Talaban all over again. The greatest state sponser of terrorism the world has ever seen, when is the CIA going to be tried for crimes against humanity?

Wed, 10/08/2014 - 23:16 | 5307044 earleflorida
earleflorida's picture

Whoa nelli....![?]!

Oil had first been discovered (? the Shah of Persia granted its first concession to William D`Arcy in 1901 for the exploitation of oil resouces in the 'W?hole` Country', except for the Northern?Province for a period of 60 years for ~16% of net profit [note: negotiation were always subject to new terms in frequent 5`year intervals?] in Iran in 1908. But... Kirkuk and Mosul (Mesopotania) were also known to have plenty of oil in the Ottoman Empire which the German's were cultivating?

Note1: The British Navy had converted to Oil in 1912 as aeroplanes/ motor cars, etc., etc., were increasingly adding new-demand for the new fuel.

Note2: Before WWI France held 60% of Ottoman debt compared with 21% Germany, and 14% Great Britain.

Note3 : France played a very significant part in Syria (Lebanon) and Egypt pre Sykes-Picot!,... and the Suez Canal played big`tyme with British trade regarding India, which obviously was paramount to economic trade.

Important: As history has shown through documentation/ memoirs/ and guilty-concious purge?ing, that the Sykes-Picot secret treaty was a betrayal of the Arab states and the entire (ME) Middle-East population, and the Great War was pre-meditated by the British, French,... AND, the USSA when it looked as if Germany and the Evil Axis was about to win! We all know now why Wilson entered the war and changed the outcome! 

Mosul and Kirkuk were always nomadic lands settled by bedoins and various tribes over the last couple of centuries. The Kurd's are not Islam, but nomadic tribes that just settled in no-man land with its mountainous region and agraian landscape that the Ottoman Empire overlooked as just part of the vast empire that was just to much to handle after a couple of centuries. The Ottoman Empire had become the sick man of Asia and the Chinese Qing dynasty was imploding eastward also. Note that Russia had been humiliated by the Russo-Japanese war of 1904-05, and several years later the Bolshevik revolution where another great empire implodes all within a decade! ALL in AISA?!?

Ref: The 5% Guy??? How/ Where/Why/When/What?    http://en.wikipedia.org/wiki/Calouste_Gulbenkian

and... 'Oil and WWI'      http://oilgeopolitics.net/History/Oil_and_the_Origins_of_World_W/oil_and_the_origins_of_world_w.HTM

  jmo

Ps. this author should learn to read books rather than memos written on shit`paper

Period!

again JMO

 

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