Posts
A
fiery phone call between Erdoğan and Putin ended in firing mutual
threats
9
November, 2014
The
pugnacious Turkish President made a rare telephone call to his
Russian counterpart to discuss the latest regional developments,
particularly Syria’s raging conflict.
According
to Moscow Times, a renowned Russian English-language daily newspaper,
President Recep Tayyip Erdoğan who stepped up his customary
belligerent rhetoric against the Syrian government of Bashar
al-Assad, told his Russian counterpart that Turkey has allegedly
reached a threshold where it cannot remain indifferent toward the
“human carnage” in the Arab war-torn country, but to Erdoğan’s
surprise, Putin was infuriated and vehemently warned Turkish
President from further interfering in Syrian internal affairs
otherwise Russia is ready to thwart Turkey from triggering a
catastrophic war in the region.
The
Turkish flabbergasted president then asked Putin whether his fiery
remarks meant a direct threat against Turkey and Putin replied:”
Mr. President, You may construe whatever interpretations you wish
from my words.”
The
Russian president also reminded Erdoğan to the bitter fact that it
is Turkey’s erroneous and bellicose policies vis-à-vis the Syrian
crisis which claimed the lives of tens of thousands of innocent
civilians and further urged the Turkish megalomaniac president to
desist from supporting Jihadi terrorists whom set up training camps
and safe havens inside the Turkish territories.
Dr.
İsmet Bayraktar , a distinguished University professor ,specialized
in the political and social history of the Ottoman Empire and modern
Turkey believes that Erdoğan during his phone call, tried to
somehow dissuade Putin from continuing Russia’s considerable
military and political support to embattled Syrian president but as
it appears Moscow cannot find more loyal and trustworthy alternative
to Assad’s regime.
The
two Black Sea neighboring countries differ extremely in regard to
their approach to the Syrian conflict. Turkey is keen for a regime
change in Syria, while Russia remains one of the staunchest
supporters of the Bashar al-Assad regime.
ISIS Unveils Its New Gold-
24 November, 2014
Canada’s prime minister, Stephen Harper, hid in a cupboard used to store electrical boxes and a ladder while a gun battle ensued in a nearby hallway of the parliament building in Ottawa this week, it emerged on Friday.
Putin
"Prepares For Economic War", Buys Whopping 55 Tonnes Of
Gold In Q3
13
November, 2014
Just
as China is buying 'cheap' oil with both hands and feet,
so Russia, according to the latest data from The World Gold Council
(WGC) has been buying gold in huge size. Dwarfing the rest of the
world's buying in Q3, Russia added a stunning 55 tonnes to its
reserves, as The
Telegraph reports, Putin
is taking advantage of lower gold prices to pack the vaults of
Russia's central bank with bullion as it prepares for the possibility
of a long, drawn-out economic war with the West.
Russia
bought more gold in Q3 then all other countries combined...
* * *
* * *
Vladimir
Putin's government is understood to be hoarding vast quantities of
gold, having tripled stocks to around 1,150 tonnes in the last
decade. These reserves could provide the Kremlin with vital firepower
to try and offset the sharp declines in the rouble.
Russia's
currency has come under intense pressure since US and European
sanctions and falling oil prices started to hurt the economy.
Revenues from the sale of oil and gas account for about 45pc of the
Russian government's budget receipts.
In
total, central banks around the world bought 93 tonnes of the
precious metal in the third quarter, marking it the 15th consecutive
quarter of net purchases. In
its report, the World Gold Council said this was down to a
combination of geopolitical tensions and attempts by countries to
diversify their reserves away from the US dollar.
By
the end of the year, central banks will have acquired up to 500
tonnes of gold during the latest buying spell,
according to Alistair Hewitt, head of market intelligence at the
World Gold Council.
"Central
banks have been consistently adding to their gold holdings since
2009," Mr
Hewitt told the Telegraph.
*
* *
ISIS Unveils Its New Gold-
Backed Currency To Remove
Itself From "The
Oppressors'
Money System"
13
November, 2014
It
appears the rumors are true. Islamic
State is set to become the only 'state' to back its currency with
gold (silver and copper) as it unveils the new coins that will be
used in an attempt to solidify its makeshift caliphate. ISIS says
the new currency will take the group out of "the
oppressors' money system."
As Zaid Benjamin notes, ISIS releases details of its new currancy with golden
1 & 5 dinar, silver 1, 5, 10 dirham and copper 10 & 20 fils
1 & 5 dinar, silver 1, 5, 10 dirham and copper 10 & 20 fils
* * *
It
seems Alan Greenspan may have been on to something after all...
"Remember
what
we're looking at. Gold is a currency. It is still, by all
evidence,
a premier currency. No fiat currency, including the dollar,
can
match it."
*
* *
Of
course this will mean more
physical demand -
along with Russia and China - and so more price suppression by the
West.
Islamic
State leader
Baghdadi reportedly
resurfaces after claims US
strike killed him
Baghdadi reportedly
resurfaces after claims US
strike killed him
Recording
purporting to be of Abu Bakr al-Baghdadi released after rumours he
was injured or killed in air strike
Abu Bakr al-Baghdadi, leader of the Islamic State (Isis), has apparently surfaced alive after he was rumoured to have been killed in a US air strike last week, calling for attacks in Saudi Arabia and for “volcanoes of jihad” across the world.
Baghdadi’s call, in a defiant speech purported to be in his name, claimed that the “crusader” US-led military campaign against Isis was failing. “America and its allies are terrified, weak, and powerless,” he said, repeatedly attacking “the Jews” and “apostate” and “treacherous” Muslim (Arab) leaders who feared the return of the Muslim faithful to the ways of the caliphate.
In a 17-minute audio tape released by al-Furqan media — a jihadi site — Baghdadi was described as “commander of the faithful” and “Caliph of the Muslims”. It was not immediately possible to determine the tape’s authenticity but the voice, articulation and tone all appeared close to his prior speech patterns.
Oil Plunges As Saudis Dismiss Price War "No Basis In Reality"
WTI
Crude oil prices tumbled to a $75 handle this morning as Saudi oil
minister al-Naimi dismissed claims of a price-war
as having "no basis in reality" noting
that "Saudi oil policy has remained constant for the past few
decades and it has not change today," suggestingexpectations
of a supply cut at the looming OPEC meetings are overdone.
This comment comes after Qatar
said it "may" cut output by
500k barrels/day.
As
Bloomberg reports,
Saudi Arabia’s oil minister dismissed talk of a price war as having “no basis in reality” in his first public comments since crude plunged into a bear market last month.
“Saudi oil policy has remained constant for the past few decades and it has not changed today,” Ali al-Naimi said at a conference in Acapulco, Mexico, yesterday. “We want stable oil markets and steady prices, because this is good for producers, consumers and investors.”
“Talk of a price war is a sign of misunderstanding -- deliberate or otherwise -- and has no basis in reality,” al-Naimi said at a natural gas forum. “Saudi Aramco prices oil according to sound marketing procedures -- no more, no less.”
*
Canadian PM hid in store cupboard while gun battle was fought nearby
Canada’s prime minister, Stephen Harper, hid in a cupboard used to store electrical boxes and a ladder while a gun battle ensued in a nearby hallway of the parliament building in Ottawa this week, it emerged on Friday.
Members
of parliament and party leaders including Harper were meeting in the
centre block of Parliament Hill when the attacker, Michael
Zehaf-Bibeau, stormed into the building at about 10am on Wednesday
morning.
Officers
from the Royal Canadian Mounted Police (RCMP) trailed Zehaf-Bibeau as
he rushed up the steps to the main entrance of the Centre Block.
As
he entered the building, parliamentary security guards opened fire on
Zehaf-Bibeau, a petty criminal with a history of mental illness,
brandishing a 30-30, lever-action Winchester rifle that he’d
moments ago used to kill Nathan Cirillo, an honor guard on duty at
the nearby National War Memorial.
Meanwhile,
Harper was hiding in a storage closet just steps away from the
Conservative caucus’s meeting room, sources confirmed to the Globe
and Mail on Friday. Harper’s security detail was not with him at
the time......
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