With the US increasingly willing to use the dollar, and SWIFT, as a strategic weapon against the country’s sovereign enemies (as Iran learned every 5 or so years), Russia and India are preparing to bypass US sanctions on Moscow by using the rupee and the ruble in bilateral trade involving military deals, the Economic Times reported.
Some $2 billion in weapons deals between India and Russia have been hit as a result of the recent US sanctions, as payments get stuck. The countries are seeking to bypass such monetary bottlenecks this by switching to settlements in domestic currencies and ditching the greenback. Continue reading
Italy has sent troops to the eastern Syrian province of Deir Ezzor to support the Syrian Democratic Forces (SDF), the Turkish state-run Anadolu Agency reported on June 12 citing local sources. Continue reading
Turkish President Recep Tayyip Erdogan slammed Austria’s populist government for its decision to shutter seven mosques and expel dozens of Turkish-funded imams.
“These measures taken by the Austrian prime minister are, I fear, leading the world towards a war between the cross and the crescent,” Erdogan said, according to a report by AFP. Continue reading
A U.S. Senate committee swiftly passed the latest version of a $716 billion defense bill last week, including a hard-hitting measure to block Turkey from acquiring Lockheed Martin F-35 Lightning II fighter jets.
Democratic Senator Jeanne Shaheen and Republican Senator Thom Tillis are responsible for the new amendment to the National Defense Authorization Act that would eliminate Turkey from the F-35 program over its recent purchase of Russian S-400 anti-missile system.
After last Thursday’s relatively brief meeting in Sochi between Russian President Vladimir Putin and Syria’s Bashar al-Assad wherein Putin stressed that it is necessary for all “foreign forces” to withdraw from Syria, there’s been much speculation over what Putin actually meant.
Many were quick to point out that Assad had agreed that “illegal foreign forces” should exit Syria — meaning those uninvited occupying forces in the north and northeast, namely, US troops, Turkish troops and their proxies, and all foreign jihadists — while most mainstream Western outlets, CNN and the Washington Post among them, hailed Putin’s request to see Iran withdraw from Syria. Continue reading
Turkey has urged Islamic countries to review their ties with Israel after dozens of Palestinians were killed by Israeli fire on the Gaza border.
Turkish Prime Minister Binali Yildirim told his ruling party in parliament that Ankara would call an extraordinary summit of the Organization of Islamic Cooperation (OIC).
“Islamic countries should without fail review their relations with Israel,” Premier Yildirim said, adding, “The Islamic world should move as one, with one voice, against this massacre.”
Yildirim said that Turkish President Recep Tayyip Erdogan, who currently holds the rotating chairmanship of the body, called the OIC summit on Friday. Continue reading
The German language Der Spiegel magazine in a recent editorial attempted to sound the alarm of encroaching Russian influence in NATO connected with Russia’s advanced S-400 anti-aircraft systems.
“The Turkish government wants to buy the state-of-the-art Russian S-400 anti-aircraft system. NATO considers this a serious provocation: the system is not only incompatible with the alliance’s existing defenses, but it could also expose secrets of the new US F-35 fighter jet to Russia, which Turkey also wants to buy,” according to a rough translation from the German. Continue reading
- What the assorted apologists for the Iran nuclear deal have failed to grasp is a simple distinction: the difference between suspicions and confirmation. The IAEA based its assessments on “over a thousand pages” of documents; now we have a hundred thousand.
- Moreover, these are in effect a hundred thousand signed confessions of the Iranian regime that it intended to create nuclear weapons and load them on missiles manufactured by itself. The miniature minds of the apologists are simply incapable of grasping the historic magnitude of the Mossad’s discovery.
The picture of Israeli Prime Minister Benjamin Netanyahu standing before two displays, one of file folders and one of compact discs, symbolizes possibly the greatest coup in the history of espionage: the Mossad’s acquisition of the archive of Iran’s program to create nuclear weapons. A runner up for that title might be the advance information about Operation Overlord, the Allied landing in France at the end of World War II, supplied by Elyesa Bazna from Ankara and Paul Fidrmuc from Lisbon. Continue reading
PARIS/BERLIN (Own report) – Berlin is forging ahead with the German-French military cooperation by intensifying collaboration in air transport. In addition to ambitious armament projects, the defense ministries of Germany and France have reached an agreement last week regulating the operation of a joint air transport squadron based in Évreux (France) as well as the training of the necessary personnel. The squadron will be available to both countries’ tactical air transport and supplement the large A400 transport aircraft, which will also be procured jointly by the German and French armed forces. Experts view the current cooperation – for example in the framework of the Franco-German Brigade – to be insufficient, because, so far, diverging strategic goals complicate its deployment. For his “vision of a new Europe,” Emmanuel Macron, under whose presidency the cooperation is to be expanded and improved, will be awarded Aachen’s International Charlemagne Prize next week.
The Turkish government has made the decision to repatriate all of its gold reserves that are currently housed in the US Federal Reserve System (FRS). Overall Turkey was storing 220 tonnes, valued at $25.3 billion, in the US, which it repossessed on April 19, 2018.
Turkey’s President Recep Tayyip Erdogan has toughened his stance against the US dollar (USD), declaring that international loans should be made in gold instead of the American currency. Ankara is seeking to reduce dependence on the US financial system. The gold’s homecoming was partly prompted by the US threats to impose sanctions if Turkey goes through with the signed deal to purchase Russian S-400 missile defense systems. Continue reading
BERLIN/DAMASCUS (Own report) – Berlin and the EU are seeking to use Syria’s hardships for leverage to gain influence on that country’s political development. Berlin will provide humanitarian aid for the Syrian population, German Foreign Minster Heiko Maas announced at yesterday’s Syria conference in Brussels – aid that is also seen as helpful in preventing a new wave of mass migration to the EU. However, aid for the country’s reconstruction will only be granted, if Damascus makes political concessions, Maas declared. Berlin considers reconstruction aid a promising lever, because Syria, most likely, will not be able to raise the more than €200 billion necessary, and its closest partners, Russia and Iran are low on funds due to the western economic sanctions. Experts warn that, for example, in Raqqa, under the control of Syrian opposition forces and the USA, another insurgency could develop should reconstruction continue to be delayed. A US journalist calls Raqqa’s level of destruction the worst he has ever seen in the Middle East.
Russia buys 300,000 ounces of gold in March and nears 2,000t in gold reserves
– Russia now holds just over 1,861 tonnes, more than officially reported by China at 1,842t
– Both Russia and China have the power to destabilise US dollar by dumping dollar-denominated assets
– Turkey has removed all gold held in the U.S. opting for Bank of England and BIS
– Turkey follows trend set by both Germany, Netherlands and others to remove gold reserves stored in the United States
– Central bank decisions regarding gold reserves are examples of countries becoming nervous about the outlook for the dollar under the Trump administration
Russia bought another 300,000 troy ounces of gold in March bringing Russia’s total gold reserves to 1,861 tonnes or 60.8 million troy ounces as of the start of April, the central bank announced loudly at the weekend.
The continuing robust and steady accumulation of gold reserves continues and it was notable how Russian media channels loudly (more loudly than usual it seemed with many outlets covering) pronounced the continuing diversification into gold bullion by the Russian central bank. It suggests that gold is being used as a bulwark to protect Russia from the stealth financial, trade and currency wars which appear to be deepening. Continue reading
After Venezuela, Germany, Austria and the Netherlands prudently repatriated a substantial portion (if not all) of their physical gold held at the NY Fed or other western central banks in recent years, this morning Turkey also announced that it has decided to repatriate all its gold stored in the US Federal Reserve and deliver it to the Istanbul Stock Exchange, according to reports in Turkey’s Yeni Safak. It won’t be the first time Turkey has asked the NY Fed to ship the country’s gold back: in recent years, Turkey repatriated 220 tons of gold from abroad, of which 28.7 tons was brought back from the US last year.
According to the latest IMF data, Turkey’s gold reserves are estimated at 591 tons, worth just over $23 billion. This makes Ankara the 11th largest gold holder, behind the Netherlands and ahead of India. Continue reading
Perhaps we have missed something: Like the possibility that the canyons of Wall Street are actually located on another planet several light years from earth!
Otherwise, how can you explain the equipoise of a stock market sitting at the tippy-top of a nine-year bubble expansion and confronted with the potential outbreak of World War Three?
Folks, like some alien abductors, the Deep State has taken the Donald hostage, and with ball-and-chain finality. Whatever pre-election predilection he had to challenge the Warfare State has apparently been completely liquidated. Continue reading
Turkish Prime Minister Binali Yıldırım threatened not only hydrocarbon survey ships of oil giant Exxon Mobile but also the US 6th Fleet is participating in a naval exercise in the area 7-18 March 2018.
As KeepTalkingGreece.com reports, Yildirim said:
“The Republic of Cyprus would not be allowed to get away with selling the energy resources surrounding the island,” Yildirim said on Wednesday. With reference to the turkey-occupied North part of Cyprus, he added “the natural riches surrounding the island of Cyprus is the common wealth of all the people who live on the island.” Continue reading