And Now Back To The Real News: Saudi Arabia Blasts Iran, Verbally For Now

Tyler Durden's picture

Ignore Slovakia: everyone has a price. This is the real news:

  • RPT-SAUDI EMBASSY IN U.S. SAYS PLOT IS "DESPICABLE VIOLATION" OF INTERNATIONAL NORMS
  • SAUDI OFFICIAL SAYS IRAN PLOT TO ASSASSINATE SAUDI AMBASSADOR "IS NOT GOING TO PASS EASILY"

And logically:

  • IRAN REJECTS AS "PRE-FABRICATED SCENARIO" US ACCUSATION ON TWO IRANIANS ALLEGEDLY PLOTTING AGAINST SAUDI ENVOY - STATE TV

And now Hil joins in, via AP:

An alleged Iranian plot to hire Mexican drug cartel killers to assassinate the Saudi ambassador to the United States on American soil "crosses a line" in Iran's state sponsorship of terrorism and will further isolate the Islamic republic, Secretary of State Hillary Rodham Clinton said Tuesday.

 

"This really, in the minds of many diplomats and government officials, crosses a line that Iran needs to be held to account for," Clinton told The Associated Press in an interview. She said the plot - it allegedly involved Iranian government agents trying to contract a Mexican cartel to kill Saudi Ambassador Adel Al-Jubeir - was stranger than fiction.

 

"The idea that they would attempt to go to a Mexican drug cartel to solicit murder-for-hire to kill the Saudi ambassador, nobody could make that up, right?" she said in a nearly hour-long, wide-ranging interview with AP reporters and editors.

 

Speaking shortly after the Justice Department announced the uncovering of the alleged plot, Clinton said the scheme "creates a potential for international reaction that will further isolate Iran, that will raise questions about what they're up to, not only in the United States and Mexico."

 

She said both she and President Barack Obama were calling world leaders to inform them of the developments.

 

"We are actively engaged in a very concerted diplomatic outreach to many capitals, to the U.N. in New York, to not only to explain what happened so we can try to pre-empt any efforts by Iran to be successful in what would be their denial and their efforts to try to deflect responsibility but so that we also enlist more countries in working together against what is becoming a clearer and clearer threat" from Iran, Clinton said.

 

"We want to reassure our friends that the complaints against Iran are well-founded," she said.

 

As she spoke, Alizreza Miryusefi, the press attache at Iran's mission to the United Nations, said the accusation was "totally baseless" and that a full statement would be issued shortly.

Take home: Talk is cheap but Brent here is even
cheaper
... Either way, it is a win win for Saudi which needs crude to go up, up, up.

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Fukushima Sam's picture

Wow, if we go to war fast enough we may just contain this economic crisis, at least for a while longer!  Great news!

Troll Magnet's picture

bullish for popcorn, that's for sure.

dwdollar's picture

Saudi Arabia needs their own 9/11 to rally the sheep.  The riots have been intensifying.  Didn't they have to rain down bullets on a crowd a few days ago?  What I'm confused about is why the US and Saudi Arabia didn't allow this to happen (if it's real)...

Herd Redirection Committee's picture

This is complete military intelligence at work.  Like Iran said, pre-fabricated, impossible to disprove.  And really, the drug kingpins are tight with Wall St banks, and have been for decades.  Its a little late to pretend they are cozy with terrorists, no?

Remember the Gulf of Tonkin, any one?

Check out the latest from the Capital Research Institute "Jubilee, An Idea Whose Time Has Come":

http://www.capitalresearchinstitute.org

Could debt forgiveness kickstart America’s economy?  The answer is yes.  It is something the Capital Research Institute has previously suggested.  As suggested in the article, on its own it is not enough.  But it is a crucial step in the right direction.

Now, many people are weary of debt-forgiveness because it reminds them of the government bailouts, that it is stealing from those who lent their hard-earned savings to others.  Superficially, it is a legitimate comparison, but it does not hold up.  For one, while the bailouts helped a small group, financial institutions that by and large serve as a proxy for the richest segment of society, a jubilee would be universal.  Secondly, while the bailouts created moral hazard (the expectation that TBTF were bailed out once, so management doesn’t care if they go bankrupt again, they will be bailed out no matter what) Jubilee would be established under absolute terms, it will only happen once every 50 or 70 years.

CosmicBuddha's picture

Debt forgiveness is called bankruptcy. This option has always been available.

Herd Redirection Committee's picture

Its just a little more formal, and kind of takes care of all of it in one go, and there is much less messy legal proceedings.

john39's picture

we need more.  the usury system and its practitioners need to be dealt with and disposed of.   Jubilee is not enough.

johnQpublic's picture

how did this thread get hijacked  over to debt forgiveness?

 

iranian hi-jackers i presume?

 

everyone will truly believe this story and be concerned for real when iran invades our shores spreading muslimia and sharia law bitchez

 

do i say sarc/off now?

James T. Kirk's picture

Hey John Q - Look closely - it got hijacked by Herd Redirection. How sublime. I tried putting the ship on Red Alert to get it back on course, but all the red lightbulbs on the bridge are burned out from over-use.

knukles's picture

Turn all the FEMA camps into Debtors Prisons.
I want a fucking refund on everything I've ever paid off.

StychoKiller's picture

Back on track:  The Persians and Arabs have been stabbing each other in the back for millenia, why should anyone be surprised at this? 

OT:  would you be willing to beam up a shipment of red-painted flourescents to yer ship?  Au or Ag in payment, please -- none of that replicated Federation credits stuff!  On second thought, Gold-pressed latinum is acceptable too.

mfoste1's picture

yea well unfortunately student debt isnt discharged in bankruptcy. There is more student debt in Amerika than credit card debt so you figure it out......you really want to get the ekonomy going? give younger generations disposable income to spend. Cause we know Amerikan youth LOVE to spend money.

traderjoe's picture

Debt jubilee and bankruptcy are different. In a bankruptcy, the assets are used to 'satisfy' the lenders. In a jubilee, the debts are wiped clean and the borrowers keep the assets. 

The privately-held fractional reserve banking/money creation scheme is destined to collapse - but in the meantime, commercial banks create money out of thin air and receive collateral and a 'down-payment' in return. As long as that system runs, the banks will continue to collect the productive assets through default, even though they provided no 'consideration' themselves.  

DoChenRollingBearing's picture

Jubilee...  That word keeps coming around...

Herd Redirection Committee's picture

Its gaining traction, its already a subconscious meme, and its momentum is basically unstoppable.

johnQpublic's picture

imagine the party the plebes will have when it does come around

 

reminder to self: run up tab at liquor store in preparation for jubilee

get snacks

question: will my dealer forgive the 300 bucks i owe him for weed?

sarc/off

Herd Redirection Committee's picture

Probably all new loans will have to be banned for a year just to keep people from being over-exuberant.

The only financial or economic theory I hold dear is called "Trial and Error" and our current trial, the fiat fractional reserve system, yeah, it has failed.

J 457's picture

Debt forgiveness for deabbeats is not the answer.  Put them to work rebuilding our crumbling roads and bridges and bringing broadband to the corners of the country.  Yes, I know we already tried that, but last time they forgot to put the unemployed to work and instead just gave them free hand-outs for two yeras.  Isn't that kind of like indirect debt foregiveness for them and adding to the 15 trillion debt for me.  This time will be different...

Breaker's picture

"Put them to work rebuilding our crumbling roads and bridges and bringing broadband to the corners of the country."

Never happen. The unions would scream worse than they did in Wisconsin.

See in the pink's picture

"Debt forgiveness for deabbeats is not the answer."

Of course it isn't; otherwise, the oligarchs' plans to enslave the nation [by stealing its wealth and leaving everyone else saddled with insane debt] won't come to pass... and we certainly can't have that!

Bring the Gold's picture

Riiight, like the deadbeats that were handily paying their mortgage for 10 years and suddenly lost their job when the CEO of their company under pressure from majority shareholder JP Morgan finally shipped the last factory jobs over to China. 

Yeah we definitely need to protect the bankers in their plan to secure all assets. I assume you are already giving yours freely to them? Oh your not? Oh you're special somehow and they won't come for YOUR assets. Welcome to the real world jack ass. Your fat bloated ass is the next in line to get reamed by these Apex Predators. 

The only deadbeats that need to be in chains making roads are working at the Central and Investment banks world wide. Those guys have never done an honest day's work in their lives all they do is confiscate wealth with money created from nothing and you defend their system. Disgusting.

chindit13's picture

Jubilee=Nationalized Moral Hazard

Before the cheering stops on the first one, the seeds of the second one will be planted.  Once everyone knows the rules, everyone will play the game.  Next time will be even worse, because NOBODY will be so stupid as to practice self-restraint and personal responsibility.

Why is anyone so naive to believe that the average person would behave any differently from the bankers who know their gains are private but their losses public?

Spirit Of Truth's picture

Global thermonuclear war cancels almost all debts.


We are now in the seasonal window I've been warning about is conducive to World War Three:

http://thespiritoftruth.blogspot.com/2011/09/autumn-panic-update-will-ci...

I just emailed Prechter the following info:

Full moon is tonight. Again, between the full moon and new moon in the 7th lunar month has seen some of the largest panics in history.  Market internals and the wave count suggest Oct. 4th was a major low and a multi-week rally is underway, but seasonality is still what I'm watching since this is a predominant force in mass mood swings IMHO.

For the record:

1962 oct 13/28 (full/new moon) From - http://library.thinkquest.org/11046/days/timeline.html October 14, 1962 A U-2 flying over western Cuba discovers missile sites. Photographs obtained by this flight provide hard evidence that Soviets have missiles in Cuba. October 24, 1962 Soviet ships en route to Cuba with questionable cargo either slow down or reverse their course except for one. Military forces go to DEFCON 2 the highest ever in U.S. history. 1973 oct 11/26 From - http://www.jewishaz.com/jewishnews/980925/yom-sb.html Oct. 11 - Israel attacks Syria from its positions on the Golan Heights. The Soviet Union's ambassador to the United States, Anatoly Dobrynin, tells U.S. Secretary of State Henry Kissinger that Soviet airborne forces are on the alert to defend Damascus. Kissinger warns Dobrynin that if the Soviets send troops to the Middle East, the United States would as well. Oct. 24 - A second cease-fire is put into effect, but fighting continues between Egypt and Israel. As a result, the Soviet Union threatens the United States that it will send troops to support the Egyptians. The United States puts its nuclear forces on a higher alert. The Soviet Union withdraws its threat the following day. 2011 oct 11/26 ?????

J 457's picture

Do you think we can panic before opex next Friday?  I have some out of money puts...

Herd Redirection Committee's picture

LOL, nice one.  I would buy some TSX goldmining equity calls (SA, NSU, Primero) personally...

msamour's picture

2011 Oct 11/26: Aliens invade the earth! they find some redneck guy and tell him Take me to your Leader! The redneck guy from NC brings the aliens over to the NASCAR racetrack, and points towards the NASCAR officials. Aliens leave in disgust. Crisis averted!

SDRII's picture

Setup for coordinated strikes in Syria and Iran accompanied by the Gilad Shalit release deal w/ Hamas. Egyptian riots provide cover for military crackdown into any action (Saudi funding). Turkey dragged along with the PR coup of taking out Assad who reportedly killed the Kurdish leader over the weekend (notwithstanding rumors of agitators involved). The Iranian elections coming in March 2012 and early returns between two other hardline factions. In the past few days iran has offered to halt enrichment and undertake Russian plan?

Yamaha's picture

Also Bullish for Obama face toilet paper! It is a great buy.

DoChenRollingBearing's picture

@ Fukushima

I wonder when the war will start.  And how.  Let Israel do the dirty deed for a few $bns...?  Or would the tail wag the dog?

Agree with nearby poster who said Eric Holder is mostly interested in covering up "Fast and Furious", this sure did come along at a convenient time for HIM.  F & F now responsible for 200 deaths.

FatFingered's picture

Also, Jim Rickards told us Sunday, on KWN, that during his recent visit to the ME our Arab Allies are only concerned about one thing.  And that was Iran's muscle flexing in the region.  They told him that Iran has to go sooner or later.

http://kingworldnews.com/kingworldnews/Broadcast/Entries/2011/10/9_Jim_R...

Fukushima Sam's picture

War is inevitable, but the timing certainly is not.  We have coincident major events all coming to a head at the same time: ecological overshoot, debt crisis, peak oil, fourth turning.  The question is, will "they" be able to wage war overseas while "we" hound them like dogs here at home?

We are in a dangerous place.  The Federal government has started to lose the trust of the people.  This is a situation that cannot continue, one way or another.

Will this generational crisis show us turning inward to re-evaluate what it is to be American?  Or will we focus our fears outward and wage global war?  Either way it seems the result will be war of some sort.  Perhaps we are already in the first battles and here at ZH we are the first wave of foot-soldiers, typing instead of shooting.

dr.charlemagne's picture

Yup, first waves of the false flag. Bankers love a good war.

nyse's picture

Might go ahead and lock-in Bam-Bam's 2nd term to boot!

SilverRhino's picture

I wonder what scandal TPTB are trying to distract us from this time?

narnia's picture

I'm sure it's just coincidence this story was released yesterday: http://www.examiner.com/conservative-in-national/breaking-new-evidence-show-hillary-a-mastermind-behind-gunwalker?CID=examiner_alerts_article.

This "plot" started right after the press got the first whiff of Fast & Furious and involves all the same parties.  This is obviously a diversion.  Throw out an unsubstantiated lie, build a monster case upon that lie, then do what you want to do based on that lie before the lie is exposed.  Iraq part deux.

Problem Is's picture

Nice... Hag-Ball Hillary has bigger gonads than Bullshit Barry Soetoro...

The4thStooge's picture

Fast&Furious and Solyndra. Eric Holder and Obama whitehouse are desperate.

Bicycle Repairman's picture

Total desperation.  Obama and crew simply trying to save their necks.  There is nothing more to it.  Time to tee up the whole Nixon playbook from the Watergate era.  This time Hillary is on the other side.

Steaming_Wookie_Doo's picture

Interesting coincidence to see this on Ransquawk:

Saudi King to undergo operation in coming days - state news agency

So, maybe he won't make it? Any succession issues that would need a coverup somewhere else?

 

 

 

Ruffcut's picture

Shit hitting the fan in this space is always serious.

Fuck the gold price showing collapse. Oil is the biggest economic control valve, on the planet. It is the ultimate X factor.

I hedge uso, all the time with lotto ticket calls. I am up a little after two years from the egypt uprising this winter.

Fuck go 5 dollar gas and you will see the pain creep in quickly. Oil is the commodity that runs the world.  If you have things to protect, then hedge accordingly

CrashisOptimistic's picture

 

You, sir, are 80% of the way there.

Now add in the realities that Iran is literally decades past Peak.  They can't hold their flow rate up AND they are paying their populace to let them please stop the oil subsidy so they reduce domestic consumption and can export more for Brent territory prices.

The story of that is bizzarre, btw.  They said "Here's $50.  In your bank account, and you will be able to see it there, but you can't withdraw it until January, when gasoline prices go up."   They said this October last year and the money appeared in November, and they hyped it, to get the populace excited about their extra money before they took it away from them by March in higher gasoline prices.

Iran is a basket case, and when the world figures out Manifa oil from offshore Saudi doesn't taste anything like Ghawar barrels, this shit is going over the cliff.

Ruffcut's picture

THe other 20% of the matter, this area is "the theatre" for the military action, revolts, protests and every other insane globalist conception.

Saudi sludge oil is perhaps, running dry. All they have are dollars to create the next best thing. Oh, they did the wallstreet pump anmd dump, rinse and repeat, but the tank is running on fumes. 

I thank my lucky charms every morning, wondering how we got this far thru so much constant, uber and utter bullshit.

CrashisOptimistic's picture

It comes down to one thing only.

The recent threats by PMs to retire equates to the powerful subconcious urge not to be in office when the juggled balls finally fall.

They have no solution and they will do anything up to and including murder to delay the fall until each of them can get out of office.

knukles's picture

I might not know my bullshit, but Erin Burnett has nice udders.

Problem Is's picture

Erin "B-Cup" Burnett??

She looks like a 10 year old boy sitting next to the 1st string of Caruso-Cabrera and the generously endowed CNBC Anchorettes...

And CNBC's biggest boob...
Steve Lies-man...

steve.stuart's picture

Is'nt today 10/11 ....the powers like to break news like this on 11th ....

Hman's picture

Iranians hire Mexican drug cartel to kill Saudi ambassador! What kind of bullish story is this. They need to hire some one with better ability to fabricate a good story with some convincing elements before publishing this bullshit.  Most people know that Mexican drug cartel is controlled by banksters, CIA & Mosad!