U.S. Foreign Policy Faces Grave Danger, Part 5

In March 2005, Bush adviser Karen Hughes was named to a State Department post, Deputy Secretary of State for Public Diplomacy. In late September 2005 she traveled to Egypt, Saudi Arabia, and Turkey to open a dialogue with important Muslim countries. Her task was to persuade them that Bush’s War on Terror was not a War against Islam.

On September 26, 2005, Hughes met with a small group of Egyptians who had studied in the U.S. She told them “it’s sometimes hard to talk about difficult issues,” but that “we’re open to ideas.”

Prominent Egyptians told Hughes that the U.S. can improve its image in the Middle East only by changing its policies, namely, that its policies on Iraq, Iran, Syria, the Israeli-Palestinian conflict, and what the U.S. said was inconsistent with its [favorable] treatment of repressive Arab governments. Continue reading

Saudis Vow to Retaliate if ‘Punished’ for Khashoggi Disappearance

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(Photo Credit: Common Action Forum/Twitter)

 

The kingdom has effectively threatened to cut off oil supplies if it is sanctioned.

As many countries around the world have rallied to say they will punish Saudi Arabia if it is found to have been involved in the disappearance and possible death of dissident journalist Jamal Khashoggi, the kingdom vowed it would retaliate against any such action. Continue reading

Neo-Ottomanism Surges in Middle East Politics

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The fate of Saudi Crown Prince Mohammed bin Salman hangs in the balance. The common perception is that everything depends on which way President Donald Trump moves – go by his own preference to bury the scandal over Jamal Khashoggi’s disappearance or give in to the rising demand that Saudi-American relations can no longer be business as usual. Trump’s mood swing suggests he is dithering. Continue reading

Did Saudis, CIA Fear Khashoggi 9/11 Bombshell?

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The macabre case of missing journalist Jamal Khashoggi raises the question: did Saudi rulers fear him revealing highly damaging information on their secret dealings? In particular, possible involvement in the 9/11 terror attacks on New York in 2001.

Even more intriguing are US media reports now emerging that American intelligence had snooped on and were aware of Saudi officials making plans to capture Khashoggi prior to his apparent disappearance at the Saudi consulate in Istanbul last week. If the Americans knew the journalist’s life was in danger, why didn’t they tip him off to avoid his doom? Continue reading

On a State Visit to Berlin

 

BERLIN/ANKARA (Own report) – Turkish President Recep Tayyig Erdoğan’s arrival in Berlin on a state visit amid media reports of arms cooperation with his country and of state-sponsored denunciation, using a smartphone app of those – also in Germany – critical of his government. Erdoğan will be received with all protocolary state honors, since the German government wants to strengthen its ties to Ankara at all costs. There is a growing risk that Ankara will turn its back on the West. Germany seeks to strengthen these ties because of Turkey’s contribution to warding off refugees and particularly for geostrategic motives. Turkey is regarded as the indispensable isthmus to Germany gaining the much-coveted influence in Central Asia and the Middle East. Ankara is also facilitating the participation of Berlin in achieving an alignment in Syria, together with Moscow – but with the exclusion of Washington. Expansion of German-Turkish cooperation involves contracts in the billions for German companies and German participation in the development of Turkey’s own arms industry.

Continue reading

Turkish Intel Will Run ‘Operations’ Against Political Opponents On US Soil, Erdogan Spokesman Says

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  • A top adviser to Turkish President Recep Tayyip Erodgan says that the president has ordered “operations” against his political opponents, even on U.S. soil
  • The adviser, Ibrahim Kalin, said that the operations could include kidnappings of supporters of Fethullah Gulen, a political opponent of Erdogan
  • Kalin said that operations will take place, “whether it be the U.S. or some other country”

The Turkish government plans to continue “operations,” including in the United States, against supporters of a political opponent of Recep Tayyip Erdogan, a top adviser to the Turkish president said Friday. Continue reading

BIS warns global economy risks crisis ‘relapse’

© AFP/File | BIS chief economist said central banks around the world had been administering “powerful medicine” to counter the effects of the 2008 crisis, with “unusually and persistently low interest rates,” which came with some “inevitable” side effects

 

ZURICH (AFP) – The Bank of International Settlements said Sunday the global economy risked a “relapse” of the crisis that rocked it a decade ago, warning there was little “medicine” left to treat the patient a second time.

“Things look rather fragile,” BIS chief economist Claudio Borio told reporters in a conference call.

“There is little left in the medicine chest to nurse the patient back to health or care for him in case of a relapse,” he warned. Continue reading

Putin forced by US, Turkey to shelve Idlib offensive

Russian President Vladimir Putin will receive Turkey’s Tayyip Erdogan at Sochi on Monday for a final bid to get the joint Russian-Iranian-Syrian assault on Idlib, the last Syrian rebel holdout, underway. DEBKAfile’s military sources report that Putin was forced to back away from the operation last week when Turkey began delivering large quantities of heavy weapons to its proxy rebel groups in Idlib province. Continue reading

Meet Turkey’s New Sovereign Wealth Fund Chairman, Who Has “Now Taken Public Companies Prisoners”

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What does a man who already controls pretty much everything in his country  from politics to the judiciary to defense  give to himself? How about direct takeover of his country’s sovereign wealth fund?

President Recep Tayyip Erdogan has appointed himself chairman of Turkey’s sovereign wealth fund after recent promises to exert greater influence over the economy. He’s nixed the old guard management and hand-picked their replacements, in a move his political rival, presidential candidate who lost the June election, Muharrem Ince, has aptly described as taking “public companies prisoners”.

And not to be one to break medieval sultanate tradition, he’s further named his son-in-law and Finance Minister Berat Albayrak as deputy chairman. Continue reading

The Tectonic Plates of Geopolitics Are Starting to Shift

The United States is currently waging economic warfare against one tenth of the world’s countries with cumulative population of nearly 2 billion people and combined gross domestic product (GDP) of more than $15 trillion.

These include Russia, Iran, Venezuela, Cuba, Sudan, Zimbabwe, Myanmar, the Democratic Republic of Congo, North Korea and others on which Washington has imposed sanctions over the years, but also countries like China, Pakistan and Turkey which are not under full sanctions but rather targets of other punitive economic measures.

In addition, thousands of individuals from scores of countries are included in the Treasury Department’s list of Specially Designated Nationals who are effectively blocked from the U.S.-dominated global financial system. Many of those designated are either part of or closely linked to their countries’ leadership…

But in recent months it seems that America’s unwavering commitment to fight all of the world’s scourges has brought all those governments and the wealthy individuals who support them to a critical mass, joining forces to create a parallel financial system which would be out of reach of America’s long arm. Should they succeed, the impact on America’s global posture would be transformational.

– From the recent article: The Anti-Dollar Awakening Could Be Ruder and Sooner Than Most Economists Predict

The peak of American empire has already come and gone, a reality not yet widely appreciated due to the continued dominance of the global financial system by the U.S. dollar, still the world’s preeminent reserve currency. U.S. leaders have always used the USD as a weapon, but it’s only in recent years that geopolitical rivals and long-standing allies alike have started to come to an increasingly vocal understanding that the unipolar role played by the U.S. in the world’s centralized financial system is well past its expiration date. Continue reading

Turkey is Already Playing for the Other Team

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Last Friday, Turkish President Recep Tayyip Erdogan took to the editorial pages of the New York Times threatening that: “Unless the United States starts respecting Turkey’s sovereignty and proves that it understands the dangers that our nation faces, our partnership could be in jeopardy.” Continue reading

Russia Finance Minister: We May Abandon Dollar In Oil Trade As It Is Becoming “Too Risky”

Breaking the tie between oil and the U.S. Dollar means the collapse of the U.S. Dollar as the world reserve country. Collapsing of the U.S. Dollar as world reserve currency means the collapse of America. Ghadaffi attempted it, as well as Saddam Hussein and look how that worked out for them. Iran, Syria, China, Russia all want to. Economic warfare always precedes a hot war, in case you were wondering what’s around the corner.

 

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One month ago, the bond market and political pundits did a double take when according to the latest Treasury International Capital report, Russia had liquidated virtually all of its US Treasury holdings, selling off the bulk of its US government bonds in just two months, March and April.

And with the US threatening to impose a new set of “crushing” sanctions on Russia, including in retaliation for the alleged Novichok nerve gas attack in the UK, Russia not only intends to continue liquidating its US holdings, but to significantly reduce its reliance on the US Dollar. Continue reading

Erdogan Warns Trump That Alliance Is at Risk as Tensions Climb

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U.S. President Donald Trump, left, walks with Recep Tayyip Erdogan, Turkey’s president, ahead of an event in in Brussels, Belgium. (Photographer: Marlene Awaad/Bloomberg)

 

(Bloomberg) — Turkey’s President Recep Tayyip Erdogan warned the U.S. that its decades-long alliance with the country is at risk after rising political tensions between the two nations erupted and helped stoke a financial crisis that shook global markets.

Erdogan, in an editorial Friday in the New York Times, cited Turkey’s cooperation with the U.S. dating back to the Cuban missile crisis and the Korean War as evidence of a long-standing partnership between the NATO allies. But he added that more recent disputes over a failed 2016 coup, the conflict in Syria and sanctions imposed this week against top Turkish officials and the country’s steel industry were straining that alliance to its breaking point.

“Before it is too late, Washington must give up the misguided notion that our relationship can be asymmetrical and come to terms with the fact that Turkey has alternatives,” Erdogan wrote. “Failure to reverse this trend of unilateralism and disrespect will require us to start looking for new friends and allies.” Continue reading

Turkey Default Risk Spikes to 2008-2009 Crisis Levels; Possible Contagion, Warns Russell Napier

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Source: Bloomberg, Financial Sense® Wealth Management. Past performance is no guarantee of future results.

 

All focus is on Turkey right now as their currency goes into freefall and 5-year credit default swaps (insurance against default) have now spiked to levels last seen during the 2008-2009 financial crisis. Continue reading

Meteor Over Missile Early Warning Site: Why Didn’t They See It Coming?

 

Is the U.S. military silent about a mysterious fireball which exploded over Greenland, because it defeated America’s premier missile defense technology? Today on TruNews, Rick debates the origin of the near nuclear sized explosion in proximity of Thule Air Base, and addresses other powder kegs waiting to explode: Turkey, Iran, and the future of the Palestinian people. Air date: 8/06/18. Continue reading