saudi arabia

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…


Saudi Arabia Finds out the Flip Flop Warriors of Yemen Have Ballistic Missiles that can hit Saudi Cities (Video)

by John Galt October 9, 2016 19:15 ET So much for the much vaunted Patriot missile batteries we sold the Saudis: The revenge of the Yemeni people: Ballistic missiles have begun to rain down on military bases in Taif, #Saudi. pic.twitter.com/8VkYei2bfX — Haidar Sumeri (@IraqiSecurity) October 9, 2016 And another one incoming to the Saudi military base near Taif: Saudis watching the sky light up as Yemeni ballistic missiles rain down in revenge for the 140+ martyrs. pic.twitter.com/0pMfWxBgZx — Haidar Sumeri (@IraqiSecurity) October 9, 2016 Good thing that Obama and the…


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…


Saudi Stock Market Takes a Camel Dump as it Drops 3%

by John Galt October 2, 2016 09:30 ET Guess the Obama lame duck magic is wearing off (Chart courtesy of Bloomberg): Oil is indicated to open substantially lower later today if the Middle East trading session is any indication, even though it was not throughout the entire region, the overnight and Monday trading session for equities globally could be interesting. Needless to say, the horrid economic conditions and further actions by the Saudi government which indicate that they may indeed be in greater financial trouble than publicized, along with the ongoing…


The Flip Flop Houthi Warriors Sink UAE High Speed Cargo Ship off Yemen (Video)

by John Galt October 1, 2016 18:30 ET In the ongoing war which the West downplays, the Saudis censor, and UAE regrets being forced to fight in, the old flip-flop wearing Houthi warriors struck a blow against the Emirates by apparently sinking their Swift HSV-2 cargo ship which they had leased in 2015 to move supplies to their forces and the Saudi military in Yemen. First, some background courtesy of the SNAFU blog from August 6, 2015: HSV-2 Swift supporting Saudi operations in Yemen? via Janes. The ex-US naval logistics ship…


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…


September 11, 2001: Never Forget, Never Forgive

by John Galt September 11, 2016 08:00 ET I know where I was. I remember watching Air Force 1 taking off from Sarasota International Airport with F-15’s on its wings and above. I remember watching something I thought I would never see in my life time, air cap over my home with jets circling. America has gotten lazy, sloppy, inept, politically correct, and turned from Lady Liberty into Mr. Pajama Boy, a wimpified shell of itself where there is no leadership, just corruption, collusion, and surrender. Meanwhile as our nation’s enemies…


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…


Iraqi Military Base Near Baghdad hit by 50 Rockets Tonight from Anti-Iranian Forces

by John Galt July 4, 2016 18:50 ET The video of the attack indicates the severity of by pro-Iranian forces against the PMOI forces residing in the former U.S. military base: From the UK Daily Mail: “A number of rockets fell on Camp Liberty,” Baghdad Operations Command spokesman Saad Maan said in a statement, referring to the camp where the PMOI members are housed. Maan said that some 20 rockets were launched from a truck in an area west of Baghdad toward the camp, some of which fell short, wounding Iraqi…


Suicide Bombers Attack Mosques near Saudi Arabian Cities of Medina and Qatif (VIDEO)

by John Galt July 4, 2016 14:05 ET UPDATE 14:30 ET: Video added from the attacks in Medina:   From CNN Arabic service: —————————————————- Here we go again, from Al-Arabiya: Three suicide bombings took place in the Saudi cities of Madinah and Qatif on Monday evening after a foiled attack earlier in the day in Jeddah. One attack targeted security forces in the parking lot of Al-Haram al-Nabawi in Madinah, a mosque established and built by the Prophet Mohammad. More from the Arab News: Suicide bombers blew themselves up in Qatif…


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…


ISIS is as Dumb as Saddam: Attack Helicopters meet Open Targets in Desert

by John Galt July 2, 2016 08:00 ET Everyone, meet my new favorite raghead. His official Shenandoah nickname is: الجمل روث That’s Arabic for “Camel Dung.” This moron, wearing what appears to be a second hand WalMart golf shirt is walking in the middle of the Iraqi desert with no canteen, no supplies, no spare ammunition, and holding a piece of scrub brush above his head to camouflage his brave warrior self from Iraqi Mi-28 and Mi-35 attack helicopters who are mopping up after yesterday’s devastating attacks. The series of airstrikes…


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…


06.19 Latest Videos from Syria: What Ceasefire?

by John Galt June 19, 2016 14:30 ET For some strange reason the United States and Russia are trying to maintain the charade of a “ceasefire” inside the rapidly imploding war zone known as Syria. These videos from various news sources tend to dispel that myth. Where the subject matter was posted in Arabic or another language, I have used Google Translate to accommodate my readers. When a terrorist pick up truck is seen with a group of terrs in Aleppo yesterday, simply dial 1-800-KORNET!: Okay, maybe I embellished that translation…


Syria Ceasefire is Over: Russia Vaporizes Islamists with Incendiaries and Cluster Bombs (VIDEOS)

by John Galt June 8, 2016 20:10 ET One has to wonder how many Americans are itching to exact revenge on these terrorists for what they have done in this world to our people and those standing in TSA lines nationwide because of their ilk. Regardless, Russia, once again, demonstrates how to win wars with minimal effort from their forces while assisting their own Marines and Assad’s ground troops with a nightly version of shock and awe. It is an amazing thing to watch as we try to fight the oxymoron…


Saudi Aramco Blunders Again by Raising Oil Prices to Asia During a Bear Market

by John Galt June 5, 2016 10:40 ET The national oil company of Saudi Arabia, ARAMCO, announced today that they will be raising oil prices to Asian customers due to “robust demand.” In reality, this move flies into the face of reality and logic as the bounce in oil prices at this time is nothing more than a dead cat rebound in the midst of an over-supplied global bear market rout. Or did the Saudis just decide to ignore this picture and act for different reasons? Thus the story from Bloomberg…


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…


Obama to Send 250 More Troops into Undeclared Syrian War

by John Galt April 24, 2016 21:30 ET The United States has declared war on the government of Syria but someone forgot to tell the American people and U.S. Constitution. In May of 2013 I highlighted the games Obama started playing with the Saudis over the Syrian Civil War and the sudden rush of “contributions” some of which appeared to originate from GCC nations. Fast forward to this weekend where suddenly after meeting with King Salman in Saudi Arabia, Obama is set to increase the U.S. involvement in the conflict which…


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…


04.17 14:30 ET BREAKING NEWS: OPEC Doha Meeting Ends with No Agreement

by John Galt April 17, 2016 14:30 ET In a not so shocking development, the Saudis and Russians could not find middle ground for agreement to freeze oil production until October of this year as Saudi Arabia insisted on some sort of output reduction guarantees from Iran. The news just broke in the past 20 minutes, here is Reuters breaking news on the meetings: OPEC and non-OPEC producers on Sunday failed to reach a deal to freeze oil output, three oil industry sources told Reuters. Sources said OPEC producers had told…


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…


Russia’s Plan to Blackmail OPEC at the Secret Qatar Meeting on Tuesday

by John Galt February 15, 2016 20:05 ET The long anticipated Wild West face to face showdown with Russia and Saudi Arabia occurs on Tuesday, February 16th in Doha Qater per Bloomberg today: Saudi, Russian Oil Ministers Plan Talks in Doha Tuesday The reaction in the crude oil futures markets was fast and obvious (chart via Investing.com): The so-called secret meeting was leaked by someone with a financial interest in moving the futures markets. Here is an excerpt from the Bloomberg article linked above: Ali al-Naimi, the most senior oil official…


GRAPHIC Video Shows Saudi Observation Post Wiped out INSIDE Saudi Arabia’s Najran Province

by John Galt February 12, 2016 21:45 ET The following is a graphic video of a Houthi attack on a hillside observation post inside of Saudi Arabia somewhere in the Najran Province along the Yemeni border. For those with sensitivities, this is combat with real blood and dead Saudi soldiers so if you can’t handle it, don’t watch it. The attack could have occurred anywhere along the long border region with Saudi Arabia and Yemen in this area as displayed on this map: One thing is for certain; whatever propaganda the…


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…


01.17 Middle East Markets Plunge as Iran Plans Massive Oil Exports

by John Galt January 17, 2016 09:40 ET OUCH! While U.S. markets may be closed for a government union sponsored day off on Monday, the rest of the world’s equity markets are imploding once again. The lifting of economic sanctions by the United States and United Nations was promptly followed by the Iranian government promising to ramp up oil exports as soon as today or Monday. The resulting addition of more oil to the markets and an illiquid Asian equity situation should set up a nice crash in Brent prices overnight…


01.04.2016 Won Ton Deathburger Alert: Shanghai SSE Plummets 4% in Minutes – Drags US Futures Down

by John Galt January 3, 2016 21:40 ET Here it is an innocent first night in 2016 trading with Iran and Saudi Arabia fighting over the same camel (it’s sexual this time) and of course US equity index futures originally opening higher this evening. Then Asia opened. Then oops. The Shanghai-SSE opened down then in a matter of less than 4 minutes plummeted down 4% on pretty heavy volume and now has recovered as of this posting to around -3.30%. That of course took an already fragile Japanese market down further…


12.05 BREAKING NEWS: Turkey Goes Insane – Will Establish Permanent Base in Mosul, Iraq

by John Galt December 5, 2015 15:25 ET Just when the world thought Erdogan and the nation of Turkey would not go full retard, they do. From the Turkish newspaper Hürriyet Daily News this evening: Turkish military to have a base in Iraq’s Mosul Excerpted from this evening’s report linked above: Turkey will have a permanent military base in the Bashiqa region of Mosul as the Turkish forces in the region training the Peshmerga forces have been reinforced, Hürriyet reported. The deal regarding the base was signed between Kurdistan Regional Government…


11.23 BREAKING: Russian Military Begins Ground Operations inside Syria

by John Galt November 23, 2015 20:30 ET From the Kuwaiti Newspaper Al-Rai (rough translation direct from Google Translate): Special reports -Monday, November 23, 2015 Elijah wrote c. Magnaar Al Rai quote of the leading sources in Syria that for the first time participated Russian infantry troops backed by tanks and aircraft operation to storm the opposition forces Syrian expiatory between the countryside of Latakia and Idleb countryside where captured the strategic high recording without any injury in the ranks of the attacking forces. Leadership sources said that live military exercise…


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…


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…


%d bloggers like this: