What distinguishes the Crash of 2019 from the Crash of 2008 is the messianic belief that the Central Banks will pre-empt a credit emergency. This is based on an assessment of the interventions by Central Banks post-2008 and the lessons learnt from 2008. This post argues this belief maybe misplaced.
There is no evidence that Iran was behind Friday’s attack on tankers in the Gulf of Oman.
There are many parties in the Middle East and in the United States who are interested in goading the U.S. into a military confrontation with Iran. Most of these parties have the capability to launch clandestine attacks on civilian vessels. That the U.S. government would blame Iran for any such attack is obvious. But even Israeli analysts doubt that Iran is responsible for the recent incidents. The German government doubts that video the U.S. presented shows anything of significance. Others point at the suspicious timing of the incident.
Who is attacking oil tankers in the Gulf between Oman and Iran? So far, the answer is still a mystery. The US, of course, accuses Iran. Iran says it’s the US or its local allies Saudi Arabia and the United Arab Emirates.
In Case of Conflict with Iran, Oil Prices could Double Overnight
It is known that the US has for long had a comprehensive and combined plan with Israel to attack Iranian targets with huge, non-nuclear, bunker-busting, 10 ton, GBU-43 air-blast bombs capable of destroying the deepest underground installations – these are the most powerful non-nuclear ordnance pieces ever produced – but first the Trump-Netanyahu war-plan needed a credible excuse.
Last Sunday, the Intercept and the Intercept Brasil published a series of exposés that has created a major political earthquake in Brazil that has only grown and intensified throughout the week. In less than a week, the once-revered Justice Minister of President Bolsonaro’s government, Sergio Moro, now faces widespread calls to resign from the same large Brazilian media outlets that spent years transforming him into an untouchable icon of integrity and uncritically applauding his every move.
The Living Dead: Still image from the BBC’s unbelievable ‘napalm attack’ scene in Panorama’s controversial documentary, “Saving Syria’s Children.”
By Susan Dirgham and Rick SterlingIt’s a David vs Goliath story. A former local newspaper reporter, Robert Stuart, is taking on the British Broadcasting Corporation. Stuart believes that a sensational video story about an alleged atrocity in Syria “was largely, if not entirely, staged.” The BBC would like it all to just go away. But like David, Stuart will not back down or let it go.
Edward Duncan’s painting of the East India Company iron steam ship Nemesis destroying Chinese war junks in Anson’s Bay, 1843 | Credit: National Maritime Museum, London
On 7 December, 2016, nearly six months after the referendum, Prime Minister Theresa May gave a speech to the Gulf Cooperation Council in Bahrain. She said: “As Britain leaves the European Union so we intend to take a leap forward, to look outwards and seek to become the most committed and most passionate advocate of free trade in the world.”
Millions participated in the general strike in Brazil on 14 June, with demonstrations in 380 cities across the country. The strike had been called to reject the proposed counter-reform of the pension system by the Bolsonaro government, but also reflected opposition to education cuts, which had already brought millions onto the streets on 15 and 30 May.
Global Justice Now has launched a legal challenge at the Information Rights Tribunal over the Department for International Trade’s failure to release details of numerous trade meetings it has held with the United States and other countries since the EU referendum in 2016.