middle east

BREAKING NEWS: Iraqi Military Begins Mosul Offensive (Videos Added)

by John Galt October 16, 2016 19:20 ET Breaking on all major news sources. As per Reuters: Iraq announces start of offensive to retake Mosul (excerpted) Iraq’s Prime Minister Haider al-Abadi announced the start of an offensive to retake Mosul, the capital of Islamic State’s so-called caliphate in Iraq. “The hour has come and the moment of great victory is near,” he said in a speech on state TV, surrounded by the armed forces’ top commanders. “I announce today the start of the operation to liberate the province of Nineveh.” The…


The Apocalypse has Been Postponed Due to Unforeseen Circumstances

by John Galt October 16, 2016 10:30 ET HOORAY! For once these pages filled with doom and gloom can post some happy, happy, joy, joy news! If my readers are unfamiliar with the “Battle of the Apocalypse” that the ISIS religious wingnuts, here is a nice, brief summary via an excerpt from The Brookings Institute article “ISIS fantasies of an apocalyptic showdown in northern Syria“: The meadow outside the small village of Dabiq, Syria is a strange setting for one of the final battles of the Islamic apocalypse. Although close to…


President Obama Blinks And Will Not Use U.S. Troops in Syria

by John Galt October 15, 2016 09:15 ET There was great speculation leading into yesterday’s meeting of the White House National Security team that President Obama might push for using United States military assets against Bashir al-Assad’s forces around Aleppo and thus potentially killing or coming into direct confrontation with the Russian military. Unfortunately for those who wanted to see the big test of the S-400 anti-aircraft missile against the USAF or Russian pilots actually dogfighting with American counterparts, that thankfully will have to wait for another day. From the White…


Despite Saudi and Russian Bluff, Oil Supply is Still Overwhelming Price

by John Galt October 10, 2016 19:45 ET Despite the recent recovery in oil prices back above $50 per bbl (Brent chart courtesy of NetDania): The problem however is that oil supply is not reflected by the price. The latest results from the International Energy Agency (IEA) through the 2nd quarter of this year shows little if any evidence of a draw down in supply: Then tonight this fascinating story tonight from the UK Express: Something very odd is being hidden in the middle of the Atlantic ocean and Gulf of…


10.09 Saudi Stock Market Plunges another 2.2%

by John Galt October 9, 2016 08:45 ET So much for the idea that this rally will carry the world into a new camel, er, bull market. (chart via Bloomberg) This is not a predictor for the future, but if it is a hint as to how disturbed the force is with the potential for World War III starting any moment, world markets could drop far and fast without much warning.


Syria War Update: Videos of the Ground Assault on Aleppo

by John Galt October 3, 2016 21:15 ET In what can only be called a rare occurrence in modern warfare, a major assault by a large army is under way inside of a major city. In recent history, outside of Gulf War II, there have been few incursions into major cities and instead, bypassing and surrounding them has been the tactic of the day. However, Bashia al-Assad has no choice but to recapture the second largest city of Aleppo in its entirety to demonstrate he has control of what is left…


U.S. Sends 3 Warships to Coast of Yemen to Protect GCC/Saudi Navies from Flip Flop Warriors

by John Galt October 3, 2016 20:30 ET Beware the power of the shower slippers. Or beach flip-flops. Whatever it is they wear, apparently the Houthi have terrified the Kingdom of Saudi Arabia and the United Arab Emirates to the point where they demanded U.S. Naval protection so they can bring more death to the civilians of Yemen (via FoxNews): US warships sent to area where Iran-backed rebels attacked Saudi-led coalition ship (excerpted) The U.S. Navy dispatched three warships near the southern coast of Yemen after four rockets hit and nearly…


Look for Russia to Impose a No-Fly Zone for U.S. Forces over Syria

by John Galt September 17, 2016 18:15 ET Over a year ago I published a map where I thought Russia might impose a so-called “No-Fly Zone” over parts of Syria to block pro-U.S. coalition aircraft from operating. That was on September 9, 2015: That zone is no longer relevant after today. The Russian Federation, despite what the morons in D.C. thinks, does not like to be humiliated nor lied to and the United States under President Obama and Secretary of State John Kerry have betrayed President Vladimir Putin for the last…


Did Europe Just Witness an August 1939 Von Ribbentrop Moment?

by John Galt August 16, 2016 04:00 ET On August 23, 1939, the Foreign Ministers of Germany and Russia, Ribbentrop and Molotov, signed an extensive non-aggression pact which resulted in the future de facto division of Poland and surrender of all German claims to the Baltic states and some Romanian border territories in exchange for Germany having a free hand to deal with what they called the “Polish Problem” of that moment in history. Nine days later the world was introduced to Blitzkrieg, total war, and an overwhelming modern invasion of…


Why the CIA, Saudi Arabia, and Qatar are Furious about Erdogan’s Russian Rapprochement

by John Galt August 14, 2016 23:00 ET Deep inside the bowels of Langley, Riyadh, and Doha, there are some furious individuals who thought their establishment of disorder and conflict would result in a new world order that eradicated those foes who failed to fall in line with their program would be destroyed economically. Instead, the tables have now been turned and the CIA, Saudi Arabia, and Qatar are now facing the most embarrassing reversal of fortune since America’s withdrawal from Saigon. The plan was simple: After Bashir Al-Assad, the dictator…


Did Saudi Arabia Help Erdogan with the Attempted Phony Coup?

by John Galt July 17, 2016 15:50 ET The story from the Western media is totally inconsistent with the pro-Government Turkish and Middle Eastern propaganda outlets as the period some thirty-six hours after the coup comes into clear view. The headline on the Drudge Report earlier today summed it up quite nicely: The story it the Drudge Report linked to was from the U.K. Daily Mail: Crocodile tears? Turkish president Erdoğan breaks down in tears at coup victim’s funeral as he calls his opponents a ‘virus’ who must be purged  The…


07.15 LIVE UPDATES: Turkish Military Seizes Power in Coup d’Etat (VIDEOs)

by John Galt July 15, 2016 16:30 ET In a shocking development it would appear that the Turkish military is overthrowing the government of President Erdogan as we speak. At approximately 15:40 ET the Turkish military announced it had seized bridges near the Bosphorus Strait, Istanbul, and Ankara plus sealed off all of the airports as this photo from NTV Turkey television illustrates with this photo below: Below is the live broadcast from NTV still on the air as the military has apparently secured all key communications centers with this initial…


Suicide Bomber Killed in Failed Attack on US Consulate in Saudi Arabia

by John Galt July 3, 2016 21:30 ET And with the close of Ramadan on Monday night, the terrorists continue their attempts to attack Americans anywhere, anytime. From the BBC: Attack near US consulate in Saudi city of Jeddah Two policeman were reportedly injured in the incident and the attacker is said to be dead. The attack came in the early hours of US Independence Day. The Jeddah consulate was the scene of a militant attack in 2004, which left nine people dead. Stay tuned for more as the night is…


Middle East Markets Hit Hard but Stabilized on Sunday after Brexit Vote

by John Galt June 26, 2016 11:00 ET The running theme in equity markets around the world has been to panic, sell, and pray for some sort of government intervention. In the Middle East that is no different except the intervention must come from the monarchies not from central banksters and indeed that is what happened throughout the Gulf Cooperation Council (GCC) nations today. The interesting pattern in all the charts is massive selling on the open and some recovery towards the close however in those nations where the royal families…


Saudi Arabia – Iran Feud Heats Up: Iranian Pilgrims to miss Hajj, Blames Saudi Arabia

by John Galt May 29, 2016 21:45 ET Just like two drunken camels fighting at a Bedouin discotheque, the relative peace in the Iran-Saudi economic and military conflict could not be counted on to remain silent for too long. As the Saudi proxy army ISIS is facing the possibility of massive defeats in Iraq and Syria, now Iran is accusing the Saudi regime of “blocking the path to Allah” and forbidding its pilgrims from making the sacred journey known as the Hajj. From Zee News in India today: Iran says to…


04.18 0500 Market Update: Cue the Pump Monkeys, OPEC panic Fading

by John Galt April 18, 2016 05:00 ET Last night’s Asian session was interesting as the Japanese earthquakes and OPEC disaster in Doha provided the deflationary double whammy which scared investors out of Tokyo and Shanghai with sizable drops in those markets(charts via YahooFinance): With a 3.4% drop that was pretty nasty. Shanghai was down 1.44%: Meanwhile, US equity futures have recovered substantially since last night’s initial fall as the central bankers began intervening when Europe opened:   With Europe beginning to recover and crude oil prices pausing in their declines…


04.17 DeathCamelBurger Edition: Saudis Choke in Doha, WTI Crashes below $40 on the Open, Stock Futures Falling

by John Galt April 17, 2016 19:15ET Apparently the House of Saud would rather eat their rides than finance them as today’s Doha, Qatar OPEC meeting ended in discord and disaster for the now flailing for a reason to exist organization. The results? WTI-Crude opened up down over 6% along with Brent and created a huge disaster for the longs that enjoyed the short covering rally of the past few weeks (Charts courtesy of Finviz.com/prices delayed 15 mins):   Note: WTI rolled over to the June 2016 contract starting today; on…


Meanwhile the Ukrainian Military Continues Attacks in Donbass on Easter Sunday (VIDEOS)

by John Galt March 27, 2016 13:10 ET The Ukrainian military and its pro-Nazi militias continue to violate the Minsk Ceasefire Agreements with attacks on the rebel forces inside the Donbass region. Even on Easter Sunday, there is no peace for the residents of the areas near Donetsk as the Ukrainian military attacked a vital crossroads just north of the city of Donetsk by the Yasinovatskiy industrial area. Videos of the shelling along with the sounds of the conflict demonstrate that this is no false claim by the rebels: This map…


03.27 Syrian Army Retakes Palmyra Expands Control of Area Around Hama (VIDEOS)

by John Galt March 27, 2016 10:25 Sunday March 27, 2016 might indeed be a turning point in the war against ISIS in the vast Middle East ground war. The first video from Palmyra with some of the fighting over the last 24 hours illustrates the destruction which has occurred within the city (via Al-Masdar News): And more video via YouTube: Finally, footage allegedly shot today, of what is left of ancient Palmyra after ISIS evacuated the city and the destruction left behind (via Al-Masdar News): The defeat was a stunning…


02.11.16 18:00 ET: Russia Warns Saudi and GCC Military supporting Rebels in Syria Risks a World War

by John Galt February 11, 2016 18:30 ET This is the kind of news in the old days that would cause gold to jump $100 in 5 minutes, however, since the chicken hawks who date camels are usually all talk and no action when it comes to military affairs unless the United States puts ten times then number of our own troops at risk, the reaction is only notable because of Russia’s stark warning. Via The Daily Star in Lebanon, via various news agencies: Russia warns Gulf intervention in Syria risks…


The Obama Administration Raises the Stakes as U.S. Military Illegally Occupies Airfield in Syria

by John Galt January 20, 2016 21:00 ET President Barack Obama once spoke of how the Bush administration used the military in an unwise fashion. During a MTV/MySpace candidate town hall on February 2, 2008 Obama said the following: For much of the campaign, Obama has sought to differentiate himself from Clinton by stressing that he was against the Iraq war from day one and, when asked if he would institute a draft as president, he once again used the occasion to put distance between himself and his chief rival. “I…



11.24 BREAKING NEWS: US Official Believes Turkey Shot down Russian Jet OVER SYRIA!

by John Galt November 24, 2015 21:15 ET Breaking hard tonight via Reuters UK: Russian jet hit inside Syria after incursion into Turkey: U.S. official REUTERS UK Tue Nov 24, 2015 8:51pm EST The United States believes that the Russian jet shot down by Turkey on Tuesday was hit inside Syrian airspace after a brief incursion into Turkish airspace, a U.S. official told Reuters, speaking on condition of anonymity. The official said that assessment was based on detection of the heat signature of the jet. Just holy crap folks. This is…


11.24 Stock Market Watch: Turkey Shoots Down Russian Warplane-Markets now Very Tense

by John Galt November 24, 2015 05:15 ET With the news breaking early this morning about the Russian SU-24 being shot down by the Turkish military, markets went from quiet and sublime into full blown panic mode in the futures markets as the chart above demonstrates. But even with the Russian Defense Ministry downplaying this action at the moment, gold and the US dollar found an early morning bounce when the news broke (charts courtesy of FINVIZ): This has also put a floor under WTI Crude with a slight bounce on…


11.17 Russia and France Begin Operation F.U. Obama Against ISIS in Syria – Raqqa Sucks to Live there now! (Videos)

by John Galt November 17, 2015 19:30 ET Don’t piss on the bear unless you can handle getting hit by the claw. Apparently ISIS hasn’t figured out that they should have broadcast pictures of their “fighters” feeding infants instead of raping and beheading them as Russia in coordination now with France has basically told Obama to F. Off and started bombing the living dog snot out of ISIS in Raqqa and selected other targets as another pre-winter offensive begins. This time it is different however with both Russia and France assisting…


11.15-11.16 Deathcrepe Asia, European, US Marketwatch: Nous Somme Français

by John Galt November 15, 2015 10:15 ET 11.15 19:05 ET – Japan enters into recession in Q3. Nikkei 225 now down 1.71% but don’t worry, be happy! 11.15 18:05 ET – Dow Futures open up – 129. Not that bad, not that good. But the night is young…. ———————————————————————— This will be an open thread, updated throughout the afternoon and evening to cover the ongoing market turmoil, which just became more tumultuous, as the world reacts to the cratering global economy and the upcoming start to World War III which…


11.15 Middle East Stock Markets in Turmoil as Saudi Drops 2.85% Dubai over 3%

by John Galt November 15, 2015 10:05 ET It was not a good day to be long any stock markets following the U.S. cratering at the end of last week nor to be the first markets opening after the Paris terrorist attacks: With oil prices continuing to plummet and commodities world wide dragging down numerous investment instruments as the global recession shifts from myth to reality, there is no reason for the new alternative to Hong Kong’s banking center to shift from the Far East to Dubai so that aspect of…


The Obama Armistice is America’s Final Surrender

by John Galt November 9, 2015 22:15 ET The Democratic Party in the United States is in grave trouble. Historically, whenever they wished to push the Constitutional envelope or retrieve power from the opposition as the nation was sliding into the brink, the Democrat who was President of the United States resorted to the one tried and true formula since the early 1900’s to empower their party and expand the authority of the Executive Branch: War. If anyone honestly reviews American history since 1910, the pattern is replete with incidents to…


Saudi Arabia to Hit Global Debt Market – Borrowing Could Equal 50% of GDP in 5 Years

by John Galt November 9, 2015 20:00 ET Whoops. The Saudis promised the world that the rapid decline in oil prices would have limited impact on their domestic economy.  Despite the public proclamations and chest thumping to reassure overseas markets and investors, in fact the Saudis have been desperate to raise cash as they have now discovered the economic reality of the difference between liquidity and actually having cash on hand. This was highlighted in none other than the website Reuters via Arabian Business on October 12th: Oil-dependent Saudi, Abu Dhabi…


If Saudi Arabia is “Allah’s Pardise” on Earth, Why are so Many Professionals Trying to Flee?

by John Galt November 9, 2015 19:25 ET The paradise nation which set an example for all other Islamic countries which appears to be Allah’s heaven on Earth appears to be in not such great shape. Following the lead of Americans with skills and means as a record number of US citizens are now renouncing their citizenship under the Obama regime, it would appear that the Kingdom of Saudi Arabia has a similar problem; perhaps one far worse (via the state run newspaper, The Arab News): Doctors, accountants among 7,500 stopped…


Canada May go 100% Tard: Considering Accepting Syrian Refugees like the Europeans

by John Galt November 9, 2015 19:10 ET Just when everyone thought we should only build a wall on the SOUTHERN U.S. border, we might need one along our Northern border also as the nation of Canada is on the verge of going 100% retard under their new Socialist French like government: Canada eyes taking in Syrian refugees from Jordan, Lebanon and Turkey More from the Al-Arabiya article today: Canada will soon discuss with Jordan, Lebanon and Turkey taking 25,000 Syrian refugees off their hands and resettling them in this country…


Russia Prepares for Further US Sanctions as Putin Prepares More Military Action

by John Galt November 4, 2015 20:45 ET The toothless American sanctions imposed by the Mullah in Chief of the United States Obama are about to get serious as it would appear Vladimir Putin is preparing his nation for further, more severe economic sanctions (via RT): Putin signs law allowing retaliatory sequestration of foreign property in Russia Russia’s president has signed legislation enabling countermeasures in the case of the wrongful arrest of Russian state property abroad. The law, based on reciprocity, curtails the jurisdictional immunity of the country in question if…


Russian Ministry of Defense Releases Video of Plane Intercepting US Reaper Drone

by John Galt October 20, 2015 18:40 ET Pretty cool actually. Something us old guys are not used to seeing but wow, it is impressive to realize how vulnerable these drones are to fighters from another nation. The idea that US air supremacy is an international “right” is now being challenged over the skies of Syria.


09.30 Update on Russian Attacks on Syrian Islamist Targets with Videos

by John Galt September 30, 2015 21:15 ET To say this was unforeseen is a lie. Back on September 10th, I warned about the upcoming conflict with the Russians and Syrian rebels/terrorist groups: Armageddon Approaches: Russian Troops Begin Combat Operations in Syria Today, one of my predictions came true (via the UK Telegraph today):  Russian generals are not regular visitors to the US Embassy in Baghdad. Once, this newly built complex near the Tigris was the de facto seat of power in Iraq – and a place where decisions affecting Syria…


Armageddon Approaches: Russian Troops Begin Combat Operations in Syria

by John Galt September 10, 2015 21:30 ET The story above is from September 7th, via CNN and tonight the news via Reuters has accelerated the crisis to an entire new level: Russian troops join combat in Syria – sources From the story above: Russian forces have begun participating in military operations in Syria in support of government troops, three Lebanese sources familiar with the political and military situation there said on Wednesday. The sources, speaking to Reuters on condition they not be identified, gave the most forthright account yet from…


Is Saudi Arabia Begging US Banksters for an Economic Bailout?

by John Galt September 7, 2015 19:00 ET The first observation is the biggest lie of them all; that the crash in oil prices has not hurt the Saudi Arabian stock market and economy. The Tadawul All Shares Index (TASI) demonstrates this fact (chart courtesy of Bloomberg): Thus this could be one of the reasons for the peculiar headline from the Financial Times this evening: Saudi Arabia’s king meets top US executives in investment drive Usually it is the other way around; US executives beg the Saudis to invest part of…


08.24 Asian, Europe, US Deathburger Marketwatch: MOAD or a Grilled Cheese Sandwich?

by John Galt August 23, 2015 21:45 ET UPDATED 22:10 ET: Just because: Ouch. Meanwhile in Singapore, down another 2.5% to start the day: UPDATED 21:50 ET: It’s officially a bloodbath. Brent North Sea Crude has broken $45 per bbl for the first time since 2009: The Shanghai SSE is down over 5% on the open: Hong Kong Hang Seng Index down almost 4%: And I have not even gotten to the secondary markets yet like Thailand, Vietnam, etc. Monday could still well be Bloody Monday on Wall Street. Stay tuned!…


08.23 Stock Market Sandstorm Continues in World Markets – Saudi Arabia down 7%

by John Galt August 23, 2015 10:00 ET The following market charts from Bloomberg this morning tell the tale of woe that this sell off didn’t stop on Wall Street this past Friday but indeed might be gaining momentum for another steep decline this evening in Asia with possible further follow through in US markets. Israel TA-25 Stock Exchange: Kuwait SE, which has already taken a beating this year: Oman which is less than 0.5% away from a bear market: Qatar: Both of the major exchanges in the United Arab Emirates…


The Ultimate Guide to the Doom and Destruction for the Rest of 2015 Part 3: Domestic Terrorism

by John Galt July 29, 2015 21:30 ET One night, my readers might be sitting at home enjoying a movie via one of the streaming services on television when suddenly the power goes out. Being prepared for almost anything,  the reader first grabs his or hers cell phone, turns on the flashlight app and moves to the kitchen where more flashlights and candles are ready to go in a drawer. Then the ultimate prepper goes to the emergency phone list on his or hers refrigerator to telephone the power company when…


07.27-07.28 Asian Deathburger: Chinese Stock Market Opens DOWN 4% No Sweet, Just Sour

by John Galt July 27, 2015 22:15 ET This screenshot from Bloomberg TV-Asia says it all: The reason for all the red on the screen? Shanghai strikes again, opening down as far as 4.51% but recovering slightly at the top of the hour: The 15 minute delayed chart from YahooFinance is ugly as are all Asian-Pacific markets this morning: The Hang Seng in Hong Kong is slightly better but then again they like to sell hard in the afternoon session: Australia and South Korea are not doing so well either: Last…


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