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Yemen Rebels Spotted Outside The Local Central Bank (Carrying Welding Equipment)

Tyler Durden's picture




 

Five days ago, we documented the incursion of the Iranian-backed Houthi rebels into the heart of the Yemeni port city of Aden, which has some ~800,000 residents and where holdouts loyal to President Hadi (who fled for Saudi Arabi in the face of the rebel advance) are battling in the streets in a desperate attempt to repel the rebels from the central Crater district where more than 75,000 people reside. The fight for the city has quickly deteriorated into a humanitarian crisis with the first shipments of aid arriving on Wednesday. Here’s Reuters describing the scene:

Residents saw a dozen bodies strewn on the streets and said several buildings were burnt or demolished by rocket fire. Mosques broadcast appeals for jihad against the Houthis, Iran-allied fighters who have taken over large areas of Yemen.

 

The Houthi attack in the central Crater neighborhood, backed by tanks and armored vehicles, was at least partially repelled, residents said, and Houthi gunmen had also been driven from some northern neighborhoods.

In our coverage of the unfolding events, we also made the important observation that the Aden branch of Yemen’s central bank is located right where the fiercest fighting is taking place:

This of course sets the stage for a repeat of what is becoming a familiar occurrence in a world where Washington’s haphazard attempts at conducting what somehow still passes for foreign policy end up having the most absurd, yet by now very predictable, of consequences: 

The local branch of Yemen's central bank is located in the area, which suggests the Houthis (and, as you'll see below, Al Qaeda) may be playing for a repeat of what occurred just 9 months ago when jihadis seized $400 million from the Mosul central bank in Iraq making ISIS the best funded islamic fundamentalist force in the world. Of course the tragically ridiculous part of the whole story is that the Houthi advance is very likely being aided by some of the $500 million worth of weapons the US "misplaced" in the country so in short, US-armed, Iranian-backed rebels have now overthrown a US puppet government, fought their way (using US weapons) into the last important city still loosely under coalition control, and are now operating a few blocks from a branch of the Yemeni central bank.

Well, sure enough, just 5 short (or "long" if you live in Aden) days later, locals are reporting that Houthi militia are gathering outside the central bank — carrying welding equipment. Here’s more from Aden Alghad (via Google translate):

Witnesses and local residents said the pro- Houthi forces deployed in the vicinity of the Central Bank of Yemen, Aden branch building...

 

He said citizens living neighborhood herd Pkritr for " Eden tomorrow ," said the number of cars arrived on the scene , carrying soldiers where they have access to the bank's headquarters .

 

A witness said he saw some soldiers carrying gas cylinders ( welding ) used in the iron cutting but did not allow for Aden tomorrow confirm these partial from a trusted source.

And so the Houthis who, thanks to a few hundred million worth of “lost” US weapons are already well armed, and thanks to Iran are also well trained, are now set to get a capital injection courtesy of the Yemen central bank much as AQAP did just last week when militants raided banks to the east in Mukalla and very much like ISIS did last year in Mosul when the group also captured US arms.

*  *  * 
Meanwhile, as reported earlier today, Iran has just sent two warships into the Bab al-Mandab. We'll close with two terms we think may be relevant here: "powder keg" and "tail risk." 
 

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Wed, 04/08/2015 - 19:43 | 5973362 TheIlluminaughty
TheIlluminaughty's picture

Imagine their surprise when they crack the vault to find cobwebs.

Wed, 04/08/2015 - 19:47 | 5973374 CL Spec
CL Spec's picture

Borrowed fake gold props from Ukraine.

Wed, 04/08/2015 - 19:49 | 5973387 CapnJackDaniel
CapnJackDaniel's picture

I'm making over $7k a month working part time. I kept hearing other people tell me how much money they can make online so I decided to look into it. Well, it was all true and has totally changed my life. Here's what I did. I took a welding course. 

Wed, 04/08/2015 - 19:50 | 5973389 wee-weed up
wee-weed up's picture

The Fed can teach them how to do it without welding equipment.

Wed, 04/08/2015 - 19:53 | 5973393 RU-GAY2
RU-GAY2's picture

Tell them to keep that welding torch set on low (there's only paper inside).

Wed, 04/08/2015 - 19:59 | 5973421 the6thBook
the6thBook's picture

Is it a welding torch or cutting torch???

Wed, 04/08/2015 - 20:12 | 5973449 Gaius Frakkin' ...
Gaius Frakkin' Baltar's picture

Doesn't matter, most 'Mericans don't know the difference. Nor do they know about central banks or what money really is. All they need to know is who the new bogeyman is.

Wed, 04/08/2015 - 20:24 | 5973492 Berspankme
Berspankme's picture

Most muricans just want to know how this impacts gay weddings

Wed, 04/08/2015 - 20:36 | 5973521 TahoeBilly2012
TahoeBilly2012's picture

"Tail risk"...sounds like every chick I ever dated.

Thu, 04/09/2015 - 04:50 | 5974439 HowdyDoody
HowdyDoody's picture

How times have changed. In the old days, regime changers would head first for the government admin build9ngs and TV/radio stations to secure control. Now it seems the first priority is to head for the central bank and 'protect' the contents. It's almost as if banksters were in charge.

Wed, 04/08/2015 - 20:53 | 5973565 thecrud
thecrud's picture

If they canmake out a sitting president who has done a pretty good job being as he started with the entire banking system in complete collapse.

To be a bogeyman I guess anything will work.

I figure it is the same kind of  people who shoot 50 year olds in the back 8 times.

 

Thu, 04/09/2015 - 00:08 | 5974149 CitizenPete
CitizenPete's picture

and that there is a "pill for that".

Wed, 04/08/2015 - 20:13 | 5973455 crazytechnician
crazytechnician's picture

Yeah they gonna weld the vaults shut ? If they gonna break in surely they want some cutting tools ?

Wed, 04/08/2015 - 21:35 | 5973710 Bob
Bob's picture

Alright, for those who don't know (no "duh" here, there's no reason for most people to know), the connection is acetylene:

http://www.esabna.com/euweb/oxy_handbook/589oxy2_1.htm

Both modern welding and cutting utilize the same critical gas.  The suit guys and their open-collar heirs shouldn't be expected to know this. 

FWIW, plasma cutters are my thing, but I'm thinking amps can be hard to get in war zones. 

Wed, 04/08/2015 - 22:03 | 5973775 Oxbo Rene
Oxbo Rene's picture

Air-Arc.....
Carbon rod(+)high amps(+)air-pressure stream = cuts steel like butter ...

Thu, 04/09/2015 - 04:52 | 5974443 Fourmyle
Fourmyle's picture

A nice big steel vault door is only supposed to slow a thief down long enough to be captured. No security people and it's as good as a "kryptonite" bike lock against an angle grinder.

Wed, 04/08/2015 - 19:53 | 5973400 kliguy38
kliguy38's picture

funny how that barbarous relic seems to keep popping up in these situations.......i wonder why that is........

Wed, 04/08/2015 - 20:02 | 5973426 Amish Hacker
Amish Hacker's picture

Tradition.

Wed, 04/08/2015 - 23:17 | 5973997 thetruthhurts
thetruthhurts's picture

Find Hoffa?

Wed, 04/08/2015 - 21:33 | 5973708 cnmcdee
cnmcdee's picture

I'm making over $7k a nanosecond working part time. I kept hearing other people tell me how much money they can make programming HFT algorithms so I decided to look into it. Well, it was all true and has totally changed my life. That's how I did it! - There fixed it for yah..

Wed, 04/08/2015 - 19:47 | 5973379 tarabel
tarabel's picture

 

 

They're going to find Geraldo Rivera sitting on a chair and smoking a cigar.

Wed, 04/08/2015 - 19:57 | 5973412 knukles
knukles's picture

Fuck Geraldo.  I still remember his false reporting from Iraq during GW1.  Him and Charles Jako, another purveyor of false "news". 

Wed, 04/08/2015 - 20:07 | 5973432 SmedleyButlersGhost
SmedleyButlersGhost's picture

Please keep in mind "Al Capone's Vault" show in Chicago. Contained an empty beer bottle. Classic

And I think you mean fuk Gerry Rivers a/ka Geraldo Rivera

Wed, 04/08/2015 - 20:10 | 5973447 knukles
knukles's picture

Oh, I remember that well.  When he was firing the Tommy gun, Mrs K and I were praying for a ricochet in his nads so we could watch him bleed out.  We cannot stand the little prick.  Waste of space.

Wed, 04/08/2015 - 20:18 | 5973474 SmedleyButlersGhost
SmedleyButlersGhost's picture

Is Gerry the guy that down votes you just for showing up

Wed, 04/08/2015 - 22:29 | 5973840 Crash Overide
Crash Overide's picture

Gerry should do a Brain Williams interview on truth and ethics in journalism.

I think it would be entertaining.

Wed, 04/08/2015 - 20:12 | 5973458 SmallerGovNow2
SmallerGovNow2's picture

Ditto Knukles, Geraldo is a cunt...

Probably more of a narcisist than Obama...

Wed, 04/08/2015 - 20:46 | 5973552 Monty Burns
Monty Burns's picture

An Hispanic Jew.  Strange combination.

Wed, 04/08/2015 - 21:38 | 5973716 conscious being
conscious being's picture

Cuban? Hence the embargo as the tribe was miffed at Fidel.

Wed, 04/08/2015 - 23:10 | 5973968 blowing winter
blowing winter's picture

I'm making over $7k a month working part time. I kept hearing other people tell me how much money they can make online so I decided to look into it. Well, it was all true and has totally changed my life. This is what I do... www.globe-report.com

Wed, 04/08/2015 - 23:16 | 5973996 thetruthhurts
thetruthhurts's picture

US I.O.U's?

Thu, 04/09/2015 - 01:38 | 5974299 junction
junction's picture

The rebels in Yemen are pikers compared to former NYC Mayor Bloomberg and his Wall Street cronies, who ripped off city employee pension funds for billions and no one said a word until now.

The New York Times just reported that the over $2 billion in gains made by New York City public employee pension funds over the past 10 years were gobbled up by fees the city's investment advisors charged for their services.  Now we know why Bloomberg did not want to stop being Mayor, even getting himself elected for an illegal 3rd term with the help of bought off and terminally ill federal district judge Charles Sifton, who overturned the term limit referendum illegally.

Wall Street Wipes Out $2.5 Billion In New York City Pension Gains 

The Lenape tribe got a better deal on the sale of Manhattan island than New York City’s pension funds have been getting from Wall Street, according to a new analysis by the city comptroller’s office.

The analysis concluded that, over the past 10 years, the five pension funds have paid more than $2 billion in fees to money managers and have received virtually nothing in return, Comptroller Scott M. Stringer said in an interview on Wednesday.

“We asked a simple question: Are we getting value for the fees we’re paying to Wall Street?” Mr. Stringer said. “The answer, based on this 10-year analysis, is no.”

Until now, Mr. Stringer said, the pension funds have reported the performance of many of their investments before taking the fees paid to money managers into account. After factoring in those fees, his staff found that they had dragged the overall returns $2.5 billion below expectations over the last 10 years.

“When you do the math on what we pay Wall Street to actively manage our funds, it’s shocking to realize that fees have not only wiped out any benefit to the funds, but have in fact cost taxpayers billions of dollars in lost returns,” Mr. Stringer said.

Why the trustees of the funds — Mr. Stringer included — would not have performed those calculations in the past is not clear.

Mr. Stringer, who was a trustee of one of the funds when he was Manhattan borough president before being elected comptroller, said the returns on investments in privately traded assets, such as real estate, have traditionally been reported without taking fees into account. The fees have been disclosed only in footnotes to the funds’ quarterly statements, he said.

The stakes in this arena are huge. The city’s pension system is the fourth largest in the country, with total assets of nearly $160 billion. It holds retirement funds for about 715,000 city employees, including teachers, police officers and firefighters.

Most of the funds’ money — more than 80 percent — is invested in plain vanilla assets like domestic and foreign stocks and bonds. The returns on those investments are generally reported after the fees, which are usually paid as a percent of the assets each firm manages.

Over the last 10 years, the return on those “public asset classes” has surpassed expectations by more than $2 billion, according to the comptroller’s analysis. But nearly all of that extra gain — about 97 percent — has been eaten up by management fees, leaving just $40 million for the retirees, it found.

Scott Evans, the comptroller’s chief investment officer, had to work backward from the footnotes in the reports to estimate just how much had been paid to a long list of firms that invested in real estate, shares of private companies and other assets whose value is more opaque. He calculated that the net value of those managers had been a whopping negative — a drag of more than $2.5 billion — since the end of 2004.

 

Wed, 04/08/2015 - 19:47 | 5973371 knukles
knukles's picture

Whodathunk?
Torch open vault
Transport to Iranian ships for safekeeping.

Wed, 04/08/2015 - 19:48 | 5973380 flyonmywall
flyonmywall's picture

Looking for that barbarous relic, I'm sure.

Just make sure it's not tungsten.

Get the serial numbers too.

Wed, 04/08/2015 - 19:55 | 5973381 tony wilson and...
tony wilson and saturn zion devils's picture

tel aviv based

rothschild agents

rest assured goy

nat, jacob and edwyne

only want the gold

the dollars the locals can use them

for finishing off after shittings

 

local jews where told not to turn up today

2 local mule teams full of kerosene will slammed into the computer rooms of  each central structure

the building

soon will be silversteined into its own footprint at freefall speeds

 

Wed, 04/08/2015 - 20:39 | 5973531 VAD
VAD's picture

I'm 100% sure the jews were evacuated several days before any of this started and the insurance policy on this place is fully paid and current.

Wed, 04/08/2015 - 20:45 | 5973549 Monty Burns
Monty Burns's picture

I believe Larry 'Pull It' Silverstein acted as consultant on the buiding insurance issue. 

Thu, 04/09/2015 - 02:02 | 5974311 junction
junction's picture

What, no comment about Jewish lightning yet?

Thu, 04/09/2015 - 04:53 | 5974448 HowdyDoody
HowdyDoody's picture

There was one but Silverstein pulled it. Whodathunk comments could be insured?

Wed, 04/08/2015 - 19:48 | 5973383 Hyjinx
Hyjinx's picture

This whole US armed thing about this particular group is absolute bullshit.  They seized some equipment from a spec ops base - not even much.  I guess the conspiracy theorists are going to thrash me for this but I couldn't care less.

Wed, 04/08/2015 - 22:34 | 5973854 Renewable Life
Renewable Life's picture

If you call half a billion in equipment, "not much", then maybe your not a complete idiot

Wed, 04/08/2015 - 23:27 | 5974032 Hyjinx
Hyjinx's picture

I think you are referring to the $500 million reported here: http://www.zerohedge.com/news/2015-03-23/us-loses-500-million-weapons-given-yemen-now-al-qaeda-hands  This was aid given the the then Yemeni government.  Later weapons were seized from the embassy but they were disabled prior to that - small arms and not that many so hardly dramatic.

Guess highlighting who the weapons were orignially given to and that as far as I know we are not currently arming the Iranian-backed militia is just out-of-line around here.  This place is really in the toilet.

Wed, 04/08/2015 - 19:49 | 5973384 Urban Redneck
Urban Redneck's picture

Lazy Yemenis... only the HollyHoax version of breaking into a bank vault involves WELDING EQUIPMENT.

Then again TPTB probably have a vested interest in not disseminating that information.

Wed, 04/08/2015 - 20:35 | 5973516 Rootin' for Putin
Rootin' for Putin's picture

Dude, those chains that hold the pens on the counter are tough!

Wed, 04/08/2015 - 21:13 | 5973635 bluskyes
bluskyes's picture

Any decent vault will sacrifice all flammable contents before yielding to an oxy-acetylene torch.

Wed, 04/08/2015 - 19:53 | 5973401 tumblemore
tumblemore's picture

Maybe the Germans are about to get some of their gold back.

 

Wed, 04/08/2015 - 19:55 | 5973406 knukles
knukles's picture

#goodluckwiththatfatfuckingchance

Wed, 04/08/2015 - 19:54 | 5973405 Cautiously Pess...
Cautiously Pessimistic's picture

Hopefully, Oceans 11 or 12 or 13 (or however many crooks he assembled in his latest movie) have already hit the joint and emptied all the gold.   Na na you terrorists!  Hollywood wins again!

Thu, 04/09/2015 - 17:34 | 5973419 surf0766
surf0766's picture

 

/s

Wed, 04/08/2015 - 20:01 | 5973425 Crocodile
Crocodile's picture

This is to bring down the House of Saud, the "Pentagone" is pissed and now the Iranians will agree to sell oil in USD till they don't.  The House of Saud falls via back-door mechanism; the only thing the LangleyInc or MurderInc has planned and seems to be executing quite well...those Saudi's fell hook-line-and sinker...of course it is not over till it is over...wait and see.

Wed, 04/08/2015 - 20:43 | 5973544 Monty Burns
Monty Burns's picture

Nothing, and I mean nothing, would give me greater satisfaction than seeing the House of Saud fall and all its bloated parasites strung up on lamposts for miles on end.  Just like the slaves after the Spartacus revolt. May I live long enough to see it.

Wed, 04/08/2015 - 20:05 | 5973433 Seasmoke
Seasmoke's picture

And still Paper Gold goes nowhere !!!!

Wed, 04/08/2015 - 20:06 | 5973437 Elliptico
Elliptico's picture

Umm,... they're digital fellas.  Electronic.  Hello.

Wed, 04/08/2015 - 20:08 | 5973441 Fun Facts
Fun Facts's picture

Simple.

Own the central bank, own the country.

Rebels sponsored by Rothschild & Associates ZWO

Wed, 04/08/2015 - 20:08 | 5973443 LawsofPhysics
LawsofPhysics's picture

Boy are they going to be bummed out when they discovery that the money is all imaginary.

Wed, 04/08/2015 - 20:21 | 5973483 Berspankme
Berspankme's picture

Just grab the printer, it's easier. Fuck You Bernanke

Wed, 04/08/2015 - 20:21 | 5973484 nmewn
nmewn's picture

I'm thinkin the prez already bailed out with it looking for greener pastures ;-)

Wed, 04/08/2015 - 20:27 | 5973499 Boomberg
Boomberg's picture

Just like Americans will be with their 401K and Social Security.

Wed, 04/08/2015 - 20:19 | 5973481 nmewn
nmewn's picture

Wait, let me see if my program is up to date and I have a good grasp on the players involved as far as the starting line up.

The Shia Houthi militia (the opponent?) is at homeplate outside the Yemeni central bank with blow torch bats, we've got a couple Iranian war ships off the coast at third & second trying to steal home and Obama the umpire is calling everything as a ball.

Who's pitching again? ;-)

 

Wed, 04/08/2015 - 20:36 | 5973518 SmedleyButlersGhost
SmedleyButlersGhost's picture

I get a little lost in the allegories (style points for that word) but I'm pretty sure Obama is a catcher.

Wed, 04/08/2015 - 21:41 | 5973725 nmewn
nmewn's picture

A Sunni huh, I knew it ;-)

Wed, 04/08/2015 - 20:45 | 5973550 VAD
VAD's picture

Who's on first.  Tomorrow's the pitcher.

Wed, 04/08/2015 - 20:38 | 5973529 Monty Burns
Monty Burns's picture

Every country must have a Rothschilde central bank. Ask Col. Ghadaffy. Oh wait, he's dead.

Wed, 04/08/2015 - 20:42 | 5973543 VAD
VAD's picture

Ask Saddam, too.

Wed, 04/08/2015 - 20:44 | 5973547 Fix It Again Timmy
Fix It Again Timmy's picture

Oxy-acetylene Torch - for those days when you just couldn't find that safe deposit box key....

Wed, 04/08/2015 - 21:01 | 5973596 Dragon HAwk
Dragon HAwk's picture

( safe ) deposit box, never did understand that concept, I was always taught to be ( self ) reliant

Wed, 04/08/2015 - 21:02 | 5973599 The Blank Stare
The Blank Stare's picture

"Iranian-backed Houthi rebels" ???

 

Fuck off MSM!

Wed, 04/08/2015 - 21:10 | 5973624 StychoKiller
StychoKiller's picture

Yeah, 'cause no one in the M.E. does any shooting on their own initiative! :>D

Wed, 04/08/2015 - 21:09 | 5973612 tony wilson and...
tony wilson and saturn zion devils's picture

the black chap in the ebola psy op green t shirt that was shot today.

it was fake as big foot shite

big news story it got  long legs yes sir

not quite ebola rockn rolla

but long legs great for google advert anal let ticks

question is goy

what crimes will this fake killer cop episode

this mother fucking james holmes temporal illusion be covering,

yemen

ukrainia

syria

goy something is afoot

watson

Wed, 04/08/2015 - 21:17 | 5973643 kiwimail
kiwimail's picture

Who needs cutting gear when you have a tank and armor piercing ammo?

Wed, 04/08/2015 - 21:21 | 5973661 Fix It Again Timmy
Fix It Again Timmy's picture

Yeah, safe-deposit box...the only thing I put in a bank is contempt....

Wed, 04/08/2015 - 21:28 | 5973687 Yen Cross
Yen Cross's picture

  Oceans 15? --- I lost fucking count.

Wed, 04/08/2015 - 21:28 | 5973689 grunk
grunk's picture

One of the "welders" looked a lot like Janet Yellen.

Thu, 04/09/2015 - 01:46 | 5974303 Sovereign Economist
Sovereign Economist's picture

GGD Special Forces:  Goldman Gold Diggers.  HOT DAMN!!!   Another Foreign Central Bank Gold Stash to Plunder!!!!   Yamashita's gotta be turning over in his grave!!!!

Thu, 04/09/2015 - 02:35 | 5974340 Q-Q-Q
Q-Q-Q's picture

If they lift up the vault and expose to sunlight I'm sure they'll see Goldman Sachs employees running in all directions.

Thu, 04/09/2015 - 03:55 | 5974395 escapeefromOZ
escapeefromOZ's picture

I hope the Huti rebel steal the gold !  If the Yanks can do it Ukraine why vcant; the Huti do it in Yemen !

Thu, 04/09/2015 - 07:27 | 5974583 Sovereign Economist
Sovereign Economist's picture

This is a US-inspired action... the only place any stolen gold from Yemen will end up is at the New York Fed...  why do you REALLY think there's a 'revolution' going on there????

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