ECONOMY | WHAT REALLY HAPPENED

ECONOMY

Sep 18 13:08

NETANYAHU CANCELS UN GENERAL ASSEMBLY APPEARANCE OVER ELECTION RESULTS

There will be no speech by Prime Minister Benjamin Netanyahu at the UN General Assembly that opens next week, as Tuesday’s inconclusive election results has forced him to cancel plans to fly to New York, address the world body, and meet US President Donald Trump.

Instead, Netanyahu will be in the thick of coalition negotiations. This will be the first time in nine years that he will not address the parley. Foreign Minister Israel Katz will do so instead.

According to the UN schedule, Netanyahu was listed as the 12th speaker on September 26, the third and final day of speeches by world leaders. He was scheduled to come to the podium to speak just three slots after Palestinian Authority President Mahmoud Abbas.

Webmaster's Commentary: 

Whatever else is happening, Netanyahu can be counted upon to do everything humanly possible to hang on to whatever power he may be able cling to, through creating coalitions, and presenting himself, as the only viable principal who can make things happen; the rest of the world (including a UN he disregards entirely, and for which he has contempt in the extreme)can go hang!!

Sep 18 12:54

Investors Are Really Scared: Lior Gantz

Sep 18 12:35

Stunning Consensus Emerges: Fed May Announce Launch Of QE In Just A Few Hours

It was back on August 6, in an article titled "Forget China, The Fed Has A Much Bigger Problem On Its Hands", where we explained why in response to the coming dollar funding shortage and liquidity crunch (we warned about this month's repo crash over a month ago), we first said that Fed will likely resume QE as soon as the fourth quarter. Needless to say, with the Fed having only just cut rates for the first time in over a decade just a week earlier, others looked at us funny, even though just two days later we got the clearest sign yet that the Fed was indeed contemplating QE when we described a very odd email we received from a Fed researcher in "When You Get An Email Like This From The Fed, It May Be Time To Panic."

In any event, virtually no 'serious' Wall Street analyst predicted that QE would be on traders lips in the immediate future, and certainly nobody predicted the coming "dollar funding storm", which we warned readers about just last Friday.

Sep 18 09:43

Markets That Live by the Fed, Die by the Fed

Sep 18 09:39

Only the Coalition of the Foolish Wants a War With Iran

If you want to identify the most reckless powers in our world today, look no further than Israel, Saudi Arabia, the United Arab Emirates, and the United States of America.

byVijay PrashadThe reaction from Iran has been calm. The government in Tehran has decided not to cower beneath the storm clouds from Washington. It threatens Canada with its own sanctions if the Canadians do not release seized Iranian assets. An oil tanker that was carrying diesel to the United Arab Emirates has been seized by the Iranians on the grounds of smuggling. Iran’s President Hassan Rouhani told the Syria Summit in Ankara, Turkey, that there can be no stability in Syria as long as U.S. troops remain there. Iran refuses to blink. It has taken the position that it must stand strong and call the U.S. bluff.

This is a dangerous bluff.

But it is also a calculated one.

Sep 18 09:36

This Wasn’t How Trump’s War on Iran Was Supposed to Go

The U.S. thought it was cleverly choking the regime, but now it's clear that 'maximum pressure' goes both ways.
The Saturday attack on Saudi oil facilities, which took 5.7 million barrels of oil per day offline, is the escalation that wasn’t supposed to happen. Now that it has happened, we enter perilous new terrain.
In the meantime, Trump is in a tight spot of his own making, with neither escalation nor retrenchment looking to be attractive options. The president may have outsmarted himself this time.
The whole drama, in a nutshell, is just the old-fashioned hubris of the imperial power, issuing its edicts, and genuinely surprised when it encounters resistance, even though such resistance confirms for the wunderkinds their view of the enemy’s malevolence.

Is Trump trapped? That is the question of the hour.

Sep 18 09:31

11Ys later

Sep 18 08:41

The Four Dynamics of Bubbles

Sep 18 08:29

Geopolitical Tectonic Plates are Shifting

With the world on fire in so many places, trying to write an overview can be a daunting task when a book-sized effort is really needed. But our commentaries here can help readers begin to connect the dots as to why this is all happening, what the downside risks are to us, and what options we have to try to approach it better.

Sep 18 08:24

Russia and Iran build powerful alliance countering USA and Saudi Arabia

The situation on the world market of oil is reminiscent of a game of tennis with the participation of four players. Russia and Iran play in tandem to raise oil prices, while the tandem of the United States and Saudi Arabia has a goal to cause oil prices to collapse. The players realize that the winner will dictate rules of the game in world politics.

Sep 18 08:21

Chinese-Thai Military Cooperation Expanding

Recent news of Bangkok signing a 6.5 billion Thai Baht deal with China to procure a naval landing ship (a landing platform dock or LPD) further illustrates growing ties between Beijing and Bangkok in the sphere of military matters.

The Thai Royal Navy’s only other ship of similar capabilities is the HTMS Angthong, built by Singapore, Bangkok Post reported.

The deal comes in the wake of several other significant arms acquisitions made by Bangkok in recent years including 39 Chinese-built VT-4 main battle tanks (with another batch of 14 being planned), China’s Type-85 armoured personnel carriers and even the nation’s first modern submarine made by China expected to be in service by 2023.

Sep 18 08:19

Will the US Use Greece to Block Russia in the Black Sea?

The port of Alexandroupoli is of particular importance to US policy in not only the Balkans, but especially to Russia. It is also an important energy route as the Interconnector Greece-Bulgaria (IGB) pipeline and the Trans-Adriatic Pipeline (TAP) is in the region. The port is also important for transportation as it is strategically located close to the Turkish-controlled Dardanelles that connects the Aegean/Mediterranean Seas with the Black Sea, and therefore Russia.

With the acquisition of this port, NATO and US forces may be in the Balkans in only a few hours and can easily stop Russian trade with the world via the Black Sea by blockading the Dardanelles. With Turkey increasingly defying NATO – in which Greece is also a member state of – by improving relations with Russia and buying the S-400, the US can make Greece more aligned with it under the guise of ensuring Greece’s security.

Sep 18 08:15

Do Restaurant Sales Lead The Economy?

Sep 18 08:15

Trump orders 'substantial increase' in sanctions on Iran

This lover of Israel is raising on a busted flush.

President Trump announced Wednesday that he had ordered a “substantial increase” in sanctions on Iran.

“I have just instructed the Secretary of the Treasury to substantially increase Sanctions on the country of Iran!” he wrote on Twitter.

The move comes after Saturday’s drone strikes on oil facilities in Saudi Arabia, which the country said had disrupted about half of the kingdom's oil capacity, or 5% of the daily global oil supply.

US Defense Secretary Mike Esper said on Monday that the US military is preparing a response to the attack on major Saudi Arabia oil facilities, AFP reported.

Sep 18 08:07

JPMorgan’s Gold and Silver Desk Was a Criminal Enterprise – U.S. Justice Department

? JPMorgan’s head of precious metals trading and senior traders have been charged by the U.S. Department of Justice with rigging precious metal prices in a “massive, multiyear scheme”

? The DOJ’s indictment said the scheme generated millions of dollars in profits for JPMorgan Chase and caused millions in losses for counter-parties, prosecutors said

? JPM precious metals desk chief, Michael Nowak, who was indicted is a JPM managing director and London Bullion Market Association (LBMA) board member

Sep 18 07:38

Smart TVs Caught Sending Sensitive User Data To Facebook And Netflix

By Tyler Durden

A study by researchers from Northeastern University and Imperial College London found that many popular smart TV models, including models by Samsung and LG, as well as streaming dongles Roku and Amazon FireTV, are leaking sensitive user data to advertisers.

The models listed above would share data like location and IP address with Netflix, Facebook and third-party advertisers...

Sep 18 05:54

QE4 Coming Soon?...Fed Is Losing Control?!

Sep 18 05:48

Saudi Arabia Says It Has "Material Evidence" Tying Iran To Aramco Attack

Saudi Arabia revealed yesterday that, contrary to its initial estimates, Aramco should be able to restore oil production to 100% capacity by the end of the month. And on Wednesday morning, the kingdom's Defense Ministry said it was planning a press conference to present "material evidence" purportedly linking Tehran to the unprecedented attack on the Kingdom's oil infrastructure.

The country's defense ministry will hold a news conference later in the day laying out new evidence. This follows reports from the US claiming that the roughly 20 missiles and drones used in the attack had been traced back to a 'launch site' in southern Iran.

Tehran has denied involvement in the Sept. 14 attacks, while the Houthi rebels in nearby Yemen have claimed credit. But Washington and Riyadh have adamantly blamed Iran, whom they have blamed for several 'attacks' in the region since the start of the year.

Webmaster's Commentary: 

Every time, no matter the administration, I see people from that administration fly off to any destination, as are Mike Pompeo, and other US officials, who remain unnamed, to add "gravitas" to a set of charges apt to bring a third nation a bouquet of lead and depleted uranium , I get very, very nervous.

So, Secretary of State Pompeo, a word, please; with all the wars in which the US Military is enmeshed, those we know about, and those we do not really know about, the people of this country do not want to see our military enmeshed in yet another war with which to placate Israel, which could well go "mammary glands vertical" yet again.

And sir, just in case you are suffering, as do many in the Bowels of Power in DC, from that horrific illness called SMD, "Selective Memory Disorder", I would like to remind you very gently, about a statement a Russian diplomat made toward the end of this June: IRAN WILL NOT BE ALONE, IF THE US ATTACKS

Zamir Kabulov, the Foreign Ministry’s special envoy for Asian countries including Iran, made this statement at a Russian-Iranian policy forum in Moscow.

Secretary of State Pompeo, I would almost wager a bet that this man doesn't even fart without Vlad Putin's permission; so you can bet real money, that what he said was a direct statement from Russia's President Putin.

War with Russia over Iran?!? Sir, I would like to hope (and pray), that this is precisely NOT where this administration is taking us, but it sure as hell looks like it.

Unless President Trump suspends the Constitution and Bill of Rights and declares Martial Law, it will be an election killer, if an election will be held at all in 2020, and will smartly assist the Delirious Dementocrats to recover brilliantly from their "Withering Wednesday" moment, created today, when mega-Demo Contributor, Ed Buck, was arrested by the police.

Create war?!? Lose the 2020 election; find another way to prevent Saudi Arabia from getting hit and hurt with allegedly "primitive" weapons?!? Trump still has the chance to win.

It is, sir, just that simple.,

You are welcome, Mr. Secretary.

Sep 18 03:54

Beijing, Moscow can balance negative impact from US — Chinese experts

In pundits' thinking, the damage Washington had done to the global economy was particularly affecting the United States’ allies.

BEIJING, September 18. /TASS/. China and Russia have been successfully acting as protectors of global security amid the failure of the United States’ foreign policy, particularly in relation to Afghanistan, said Chinese experts interviewed by the Global Times newspaper.

"After the collapse of peace talks between the US and the Taliban, a Taliban delegation met with Russian officials in Moscow, and China is also maintaining communications with relevant forces in Afghanistan. This is proof that China and Russia are all contributing to regional peace, while the US is failing," said Yang Jin, an associate research fellow at the department of East European, Russian and Central Asian Studies at the Chinese Academy of Social Sciences.

Sep 18 03:52

Russia refuses to play musical chairs with America’s debt, continues to dump US Treasuries

Moscow has continued to sell off US Treasury securities, cutting its stockpile by $2.35 billion in July, according to the latest US Department of the Treasury data released on Tuesday.
Russia’s holdings of US state debt amounted to $8.5 billion in July, with long-term US Treasury securities standing at $6.2 billion and short-term at $2.2 billion. In June, Russian investment in Treasury bills was around $10.8 billion.

Sep 18 03:50

Questions, Not Answers Surround U.S. Push to War with Iran

Moscow has had its fill of Netanyahu. He’s openly mocking Trump at international forums, first offering to sell the U.S. Russia’s hypersonic missiles at the G-20 and then offering to sell S-400 missile defense systems to the Saudis to protect their people from outside actors.
All with tongue firmly implanted in cheek, but like with all good comedy a core of undeniable truth.
Things look bad for the alliance between the U.S., Israel and Saudi Arabia, when your opponents are laughing at you openly. In that moment Putin exposed that the emperor truly was standing naked in front of the world.

Sep 18 03:40

Iran Sends Memo to US Gov't via Swiss Mission to Warn against Any Reaction to Aramco Incident

Iran in its memo rejected involvement in offensives on the Saudi oil installations on Saturday, condemning US Secretary of State Mike Pompeo and other American officials' allegations.

The memo also warned that if any attack is launched against Iran, the Islamic Republic's reaction will be rapid and crushing and will likely target more extensive areas than the origin of the attack.

Yemen’s Ansarullah movement announced on Saturday that its drones had successfully attacked two oil plants in the heart of Saudi Arabia’s oil industry, stressing that the attacks were a firm response to Riyadh’s relentless bombardment of Yemen.

https://www.presstv.com/Detail/2019/09/18/606495/Iran-Saudi-Arabia-oil...

Sep 17 18:23

The 8 Fastest Disappearing Jobs in America

Sep 17 13:25

Both Channel 12 and Channel 13 exit polls foresee yet another stalemate, and granted Blue and White the highest amount of seats.

Both Channel 12 and Channel 13 exit polls foresee yet another stalemate, and granted Blue and White the highest amount of seats.

Netanyahu, Gantz and other candidates spent the day pleading with voters to leave their homes and the beaches and malls to cast ballots. All the party heads, except for Yisrael Beytenu leader Avigdor Liberman, warned constantly that their voters’ turnout was too low and that the results would be a crisis tor their party.

"If this will continue we will lose these elections," Blue and White’s co-candidate for prime minister Yair Lapid said. "We need to vote or we are heading to disaster."

Lapid, Gantz and Yamina leader Ayelet Shaked went to the beach to ask sunbathers to vote. Gantz went to the Grand Canyon Mall in Haifa. Netanyahu went to the Jerusalem central bus station and the Mahane Yehuda market.

“The turnout in Tel Aviv is sky high and in Jerusalem it has hit the floor,” he told vendors at the market.

Sep 17 13:25

Both Channel 12 and Channel 13 exit polls foresee yet another stalemate, and granted Blue and White the highest amount of seats.

Both Channel 12 and Channel 13 exit polls foresee yet another stalemate, and granted Blue and White the highest amount of seats.

Netanyahu, Gantz and other candidates spent the day pleading with voters to leave their homes and the beaches and malls to cast ballots. All the party heads, except for Yisrael Beytenu leader Avigdor Liberman, warned constantly that their voters’ turnout was too low and that the results would be a crisis tor their party.

"If this will continue we will lose these elections," Blue and White’s co-candidate for prime minister Yair Lapid said. "We need to vote or we are heading to disaster."

Lapid, Gantz and Yamina leader Ayelet Shaked went to the beach to ask sunbathers to vote. Gantz went to the Grand Canyon Mall in Haifa. Netanyahu went to the Jerusalem central bus station and the Mahane Yehuda market.

“The turnout in Tel Aviv is sky high and in Jerusalem it has hit the floor,” he told vendors at the market.

Sep 17 12:57

Egypt Introduces First “Vertical Forest” to Africa to Solve Housing Crisis and Pollution

By Jason Erickson

It’s well understood by most readers of this site that Egypt has experienced massive turmoil over the last decade in the aftermath of a contentious revolution in 2011. While it’s a tendency to ignore political machinations in far-off lands, unless they have a demonstrable effect at home, there is one area of concern for which everyone should be empathetic: overcrowding and urban pollution...

Various economic crises around the world have left abandoned buildings, empty malls and dilapidated houses with enormous potential if we begin to expand our thinking. Vertical Forests and Vertical Farming appear to represent two key ways that we can maintain our connection to nature and self-sufficient food production...

Sep 17 12:22

NIMMO: CUI BONO, ISRAEL, AND THE ATTACK ON SAUDI OIL

If we consult a map, we discover Israel is situated to the northwest of Saudi Arabia. Iran is in the east and Iraq to the north. Because cruise missiles and drones have the capability of changing direction, we do not have a good idea where the missiles came from and the party responsible for launching them.

For the US, this is not a problem. It is now habituated to telling lies, releasing misinformation, and disseminating propaganda associated with false flag attacks. Much of what it reports is believed without question by millions of Americans. The state describes this mass credulity and inability to question authority as “patriotism.”

Sep 17 10:34

18 Facts on the US National Debt That Are Almost Too Hard to Believe

By Mitchell Nemeth

At around $22.5 trillion, the United States national debt sits at 106 percent of Gross Domestic Product (GDP). There is no disputing that this gigantic debt will someday become due and payable. However, there is hesitation among the political class as to what must be done to pay down and eliminate this debt.

Progressive lawmakers have largely refrained from discussing this liability, preferring to claim that the United States can continue to fund exorbitant government programs. Conservatives have unsuccessfully, on numerous occasions, attempted to limit federal outlays. With each failed attempt, conservatives instead continue to vote for spending increases...

Sep 17 09:42

The Teacher Shortage Is Real and about to Get Much Worse. Here’s Why

By Paul Boyce

One of the main stressors of teaching is the sheer amount of testing. Students are tested as frequently as twice per month and an average of once per month.

While testing has been around for decades, its increased involvement returned in 2002. As a result of the No Child Left Behind Act (NCLB), teachers are “teaching to test.” These tests were designed to standardize the process and track progress. Schools must make accommodations for children failing to make progress.

There was a slight change to the law under the Obama administration. Passed in December 2015, the Every Student Succeeds Act (ESSA) gives greater control to states. However, children are still consistently tested through grades three to eight for literacy and math. According to Harvard professor Daniel Koretz, ESSA does little to relieve the pressure of testing.

Why is testing bad? ...

Sep 17 09:03

The most profitable business in the world

Sep 17 08:33

Attacks On Major Saudi Oil Installations Show Urgent Need For Peace With Yemen

The Houthi armed forces spokesman claimed responsibility for today's attack:

This operation is one of the largest operations carried out by our forces in the depth of Saudi Arabia and came after a accurate intelligence operation and advance monitoring and cooperation of honorable and free men within the Kingdom.
The claim of cooperation by people in Saudi Arabia will make the Saudi rulers even more paranoid than they usually are. It may well be that the drones were launched from inside Saudi Arabia and that their launch point was far nearer to the target than is publicly assumed.

Sep 17 06:55

Smart Faucets And Toilets Use Alexa To Listen To Your Conversations

By MassPrivateI

It is hard to imagine a more intrusive home surveillance device than a faucet or toilet that listens to everyone’s conversations, but that is just what Delta Faucet and Kohler have done.

Delta Faucet’s “Voice IQ” takes advantage of where lots of people like to congregate and turns it into an Alexa eavesdropping center...

Sep 17 04:24

HomeWorld NewsPutin to Saudi Arabia: Our air defenses can protect you, like they do Turkey and Iran

Russian President Vladimir Putin has suggested Saudi Arabia should buy Russian air defense systems to protect its oil facilities from drone attacks, pointing to Iran and Turkey, who operate S-300 and S-400 missiles, respectively.

“Saudi Arabia needs to make a smart decision, as Iran did by buying our S-300, and as Mr. Erdogan did by deciding to buy the most advanced S-400 Triumph air defense systems from Russia,” Putin told reporters in Ankara on Monday. “These kinds of systems are capable of defending any kind of infrastructure in Saudi Arabia from any kind of attack.”

Putin was answering a question about the recent drone attack on Saudi Arabian oil facilities, which Washington has blamed on Iran, though Yemen’s Houthi rebels have claimed responsibility. A coalition led by Saudi Arabia invaded Yemen in 2015 and has fought the Houthis there since.

Webmaster's Commentary: 

Putin has got to be laughing himself to sleep these days; not only has he one-upped Trump, in terms of his engineers producing weaponry far superior than that which the US works to sell, but also, in reaching out to disaffected former "friends" of the US, against which this country has turned, he is creating a power and economic base, such as the world has never seen.

Sep 17 04:20

"DRONE ATTACK" ON SAUDI OIL - WHO BENEFITS?Published: September 16, 2019Share | Print ThisSOURCE: TONY CARTALUCCI

Deliberately missing from the BBC's history lesson are several key facts, leaving readers to draw conclusions that conveniently propel the West's agenda versus Iran forward.

The US and Saudi Arabia vs. MENA

The war in Yemen was a result of US-backed regime change operations aimed at Yemen - along with Tunisia, Algeria, Libya, Syria, and Egypt - starting in 2011.

Major hostilities began when the client regime installed by the US was ousted from power in 2015. Since then, the US and its Saudi allies have brutalized and ravaged Yemen triggering one of the worst humanitarian crises of the 21st century.

The UN's own news service in an article titled, "Humanitarian crisis in Yemen remains the worst in the world, warns UN," would admit:

Sep 16 18:51

Central Banks Are Very Scared

Sep 16 12:02

The Coming Economic Crisis in Spanish

Sep 16 11:13

8 Steps To Surviving A Job Loss

Sep 16 11:04

Same Gov’t That’s Now Banning Flavored E-Cigs, Approved Candy-Flavored Amphetamines for Kids

By Matt Agorist

Last week, the Trump administration announced a sweeping ban of flavored e-cigarettes under the ostensible caring notion of stopping children from vaping.

Childhood smoking is certainly a concern, but the idea of a government ban on flavored cigarettes is outright laughable considering the things this government has already approved for children to put in their bodies. What’s more, banning these e-cigarettes will be a huge boon to the regular cigarette industry which kills hundreds of thousands every year...

According to reports, six deaths have been attributed to vaping. Six deaths. And the direct attribution to vaping is still unclear. Meanwhile, 1,500 people die every single day in America from cigarette smoking related illness and this is just fine and dandy...

Sep 16 09:43

Formidable Yemeni Houthis Fighters

Things aren’t going well for the US, NATO, Israel, Riyadh, and their jihadist proxies in Yemen.

They’re losing endless war to Ansarullah Houthi rebels, their capabilities much more sophisticated than earlier believed.

Their explosive-laden drones and missiles are able to penetrate Saudi defenses effectively, damaging strategic targets, including kingdom oil fields, its soft underbelly super-wealth producing lifeline.

On Saturday, explosive-laden Houthi drones attacked two Saudi Aramco oil facilities, setting targets struck ablaze — the kingdom’s Abqaiq refinery (the world’s largest) and Khurais oil field.

Both attacks caused huge fires visible from outer space. The facilities are crucial world energy supply chain links.

Sep 16 09:33

9/11: The Gold and The Minders

By Jon Rappoport

Searching through the archive of my past articles, I’ve come up with two 9/11 stories that have been largely ignored—left to gather dust as they fade from memory. Here they are...

Sep 16 09:30

The 8 Fastest Disappearing Jobs in America

By Jon Miltimore

One of the certainties of a market economy is change. As Joseph Schumpeter famously observed, innovation moves the world forward, but not painlessly.

The evolutionary process of “creative destruction” introduces new industries and new opportunities, but in its wake, less efficient industries and jobs are left behind. Even longstanding industries can struggle to keep up if they fail to innovate—just ask newspaper and magazine publishers who experienced the upheaval of one of the most disruptive technologies in history: the internet.

For young people mapping out a career plan, knowing which jobs are projected to grow can offer a significant edge. But knowing which jobs are disappearing the fastest can be just as useful...

Sep 16 07:53

Saudi oil attacks: US says intelligence shows Iran involved

The United States has issued satellite images and cited intelligence to back its allegation Iran was behind attacks on major Saudi oil facilities.

Iran denies involvement in Saturday's air attacks, which were claimed by Iran-aligned Houthi rebels in Yemen.

But unnamed US officials speaking to US and international media say the direction and extent of the attacks cast doubt on Houthi involvement.

The incident has cut global oil supplies by 5% and prices have soared.

Webmaster's Commentary: 

Where, please, is the hard evidence Americans can actually trust, rather the bits and pieces of cherry picked "intelligence and accusations" against Iran, which are the only things the US government has been able to produce?!?

And please remember; this is precisely the same Federal Government which told you that Iraq's Saddam Hussein "had weapons of mass destruction", and that Syria's Bashar al Assad "was using chemical weapons against his own people".

They lied to pursue various geopolitical/financial objectives; with Iran one of the premier oil producers in the Middle East, how can we trust that they are not lying again?!?

The short answer is, absolutely not.

Sep 16 06:46

U.S. OFFICIALS BUILDING A CASE AGAINST IRAN AFTER MASSIVE ATTACK ON SAUDI

Jerusalem Post Middle East

Attack on Saudi was large and sophisticated, satellite images show, and involved numerous drones.

Satellite images released by US officials on Sunday showed the extent of damage on Saudi Arabia’s Abqaiq oil processing facility and at Khurais oil field. The images show 17 impact points on key petroleum infrastructure, including four hits on liquefied natural gas storage tanks.

The images reveal extreme precision by the drones or cruise missiles which struck the oil facilities. ABC News reported on Monday that officials have ascertained that a dozen cruise missiles and 20 drones were fired in the attack. This degree of sophistication is beyond the ability of Yemen’s Houthi rebels, notwithstanding their claim of responsibility.

Webmaster's Commentary: 

I find it interesting - and more than slightly ironic - that it is the US government "building a case" against Iran, and not the Saudi government.

One has to wonder if both the Saudi Government in Riyadh, and Crown Prince Bin Salman, have been given a deadline before which they must respond to Trump's ultimatum regarding identifying Tehran as the culprit here.

And as the Second Cynic in Chief of this website (my Sweetheart being the First Cynic in Chief),I have to wonder if such a deadline... might well be coordinated to dovetail, with the moment Israeli polls are open, and in which Prime Minister Netanyahu is fighting for his political life.

Sep 16 06:28

Demystifying The Global US Dollar Shortage

Trade between Asia and Europe has dimmed considerably. We know that from the fact Germany and China are the two countries out of the majors struggling the most right now. As a consequence of the slowing, shipping companies have had to make adjustments to their fleet schedules over and above normal seasonal variances.

It was reported last week that Maersk and MPC would “temporarily suspend” their sailings on one of the biggest routes between Europe and Asia.

Sep 16 06:25

The US dollar is sewn into Argentina's economy and its culture

Lorenza Romero's stationary shop on Monroe Avenue is painted red on the outside, with a wide window and a glass-covered counter filled with banknotes from around the world. It's her son's collection, and all but one currency is out of circulation - the United States dollar bill.

"That's the one that drives people crazy here," she says. "Their own currency doesn't count for them."

The 72-year-old grandmother's observation exposes what is a raw nerve for many Argentines. The country's official, sovereign currency is the peso - people earn in it, and they spend with it - but it's the US dollar that defines value here.

Sep 16 06:05

Trump says 'not fair' that U.S. can't sell F-35s to Turkey

WASHINGTON (Reuters) - U.S. President Donald Trump said on Tuesday it is “not fair” to either Turkey or the United States that Washington cannot sell Ankara billions of dollars worth of F-35 fighter jets after it bought a Russian air defense system.

Turkey started taking delivery of Russia’s S-400 air defense system last week in defiance of U.S. warnings that doing so would mean the Pentagon would kick it out of the F-35 stealth fighter program and that it could be subject to sanctions.

Washington’s concern is that deploying the S-400 with the F-35 would allow Russia to gain too much inside information of the stealth system.

Buying military equipment from Russia also leaves the NATO member liable to U.S. sanctions retribution under a 2017 law known as the Countering America’s Adversaries Through Sanctions Act, or CAATSA.

Webmaster's Commentary: 

Mr. President, please, stop with the bloody whining, already!!

And talk to your good buds at the major defense departments companies who love your administration, in light of the reality that you have so vigorously taken up the mantle of "Merchant of Death in Chief" in their behalf, and tell them to fix the problems, which make US weaponry less competitive than that of Russia and China, OR ELSE!!!

Of course, Mr. President, you have utterly no desire to do this, nor will you, against your campaign contributors, who most likely will arrange for your 2020 victory as a "slam dunk".

So, the problems with American weapons will never, really get fixed; and it will be our kids in uniform who may well suffer and die because of this.

Were I the President, sir, I would never want this on my conscience or soul, that I had done nothing to protect American military from weaponry which should have been fixed, but was not; and yet, these people are the most likely going to be victims of flawed US weaponry.

SHARE THIS ARTICLE WITH YOUR SOCIAL MEDIA