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Commentary on The Capital Markets- Category [International]

Oh this is nice...... and where is President Zero?

Dozens of Christians arrested at a prayer meeting in Saudi Arabia need America's help, according to a key lawmaker who is pressing the State Department on their behalf.

Some 28 people were rounded up Friday by hard-line Islamists from the Commission for the Promotion of Virtue and Prevention of Vice in the home of an Indian national in the eastern Saudi city of Khafji, and their current situation is unknown, according to human rights advocates. 

So let me see if I get this right.

Saudi Arabia is all bent out of shape about ISIS, and worried about them attacking Mecca.  Ok.

But -- they were almost-certainly involved in 9/11 (and not just as a source for most of the terrorists by birth either), we as Americans still can't see that part of the report 13 years later because it remains "classified", and yet the Great Religion of Peace, as practiced by this very same nation, rounds up and arrests people who pray the "wrong way."

So I, and the rest of the world are supposed to believe two things:

  • This nation does not explicitly support, at an official government level, religious bigotry and extremism.

    AND

  • They are not themselves religious bigots willing to use force to compel religious observance of the specific form they prefer.

Uh huh.

Pull the other one.

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The preliminary report is out on the MH17 crash.

There are clear indications of a high-energy fragmentation weapon (that is, a missile with a proximity fuse) impact on the wreckage.  The photos are clear and convincing evidence that the plane was hit by such a missile and broke up in midair.  Conclusive, no, but convincing, yes.

The BBC says there was such a launcher in the area and Russians controlled it at the time (in addition there were other reports contemporary with the downing of rebels thinking they had hit a Ukranian military aircraft.)

Nevermind that it's incompatible with reason that the Ukranian government would have fired on a plane traveling from west to east (not from Russia, but rather from the EU) as such a plane was obviously not Russian, and the rebels had no aircraft of their own.

There you have it folks -- pretty much as I expected to find from the preliminary information.

Oh Vlad.... your dudes appear to have shot a civilian airliner -- accidental or not, the evidence looks pretty solid.

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Hmmm.... this is a curious thing, you know.  Secession, specifically.

Scotland’s nationalists overtook opponents of independence in an opinion poll for the first time this year, sparking a government promise of more powers for the Scottish parliament less than two weeks before the country votes on whether to break up the 307-year-old U.K.

Yes, the government promised.  Uh huh.  And why promise now?  How do you guarantee compliance?  You can't, and you won't get it.  If Scotland's citizens believe these promises they're fools.  If the UK government intended to do any of this it would have done so without the threat of Scotland leaving.

It didn't, and therefore Cameron and the rest are ****ing liars.

Period.

Oh, speaking of threats, there are those too:

Scotland will be more vulnerable to terrorist attacks in a “very dangerous and insecure world” if it votes for independence on Sept. 18, U.K. Prime Minister David Cameron said.

Being part of a union gives Scots the protective benefits of being part of a larger country, Cameron told reporters at the end of the North Atlantic Treaty Organization’s summit in Newport, Wales, yesterday.

Cameron is the dangerous one, and Scotland should erect the middle finger in his direction.

The real issue is that Scotland could repudiate their part of UK debt in the public markets.  That would be easy with an independent government, and it would massively screw the UK.

Of course doing that would have serious repercussions for Scotland too -- they would not be able to borrow at reasonable rates in the international markets.  That's good, not bad -- it would force the government to be honest in its accounting and to collect as much in taxes as it spends, instead of screwing in the ass all of its citizens via currency devaluation.

Cameron, along with all of the leaders of nations who run deficits, ought to be imprisoned for theft by fraud and deception from the citizens of their country.  Indeed, I can make a clean argument that what ought to be the case is that the penalty from the original Coinage Act should be imposed on them.

After a fair trial, of course.

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The latest is that Putin wants "immediate talks" over Eastern Ukraine -- and the word "statehood" was mentioned.

He also allegedly has said that the Ukraine situation is an "internal" matter -- more akin to a civil war of sorts, I suppose.

Uh huh.

Look folks, I go back to what I said originally on this mess: Crimea was and is the only Russian 12-month deep-water naval port.  The only way that was ever going to change was through the literal destruction of Russia's government, because no government in its right mind would ever cede their only 12-month naval port to anyone.

Geography is what it is.

We (and the EU) had no business interfering in Ukraine's internal political situation in the first place, but we did.  Yes, the "old guard" was a corrupt bunch of bastards, but we're not the Ukranian police force, nor is it any or our damn business whether their government is corrupt or not.

Unfortunately what we have now is a situation that is unstable and moving toward greater instability rather than lesser.  Ukraine could rationally be partitioned at Crimea, as Russia could reasonably-easily build the infrastructure necessary to provide both power and fuel to the peninsula independent of the existing overland links to Ukraine's remaining land mass.  However, that only "works" if Russia perceives that Ukraine is at least non-hostile to Russian interests, and of course from Putin's perspective friendly is what he wants.

The challenge is that Putin has little reason to back down; we're not going to go in there with military force and neither is anyone else.  Anyone attempting to do so is asking for an actual war to break out almost instantly; the presence of western troops or material that is verified by Russia would be exactly the sort of provocation they would like to have in order to greatly advance their acts.  Yet as things stand right now it appears that a "soft" invasion is in fact already happening, with both troops and mechanized equipment crossing the border essentially at will.

That the pantiwaist EU got caught with its natural gas sources up its own ass doesn't help things at all.  Nor do the trade implications of wider sanction activity.  Germany is already getting hammered in this regard to some degree and the impact will only grow with additional sanctions.  However, this much is certain -- Putin understands both displayed resolve and displayed weakness, and what he's seeing right now from Europe is weakness.  In addition he has the strong support of his own people, which is essential if he is going to carry on in a fashion that will bring economic consequences to Russia extending beyond a few oligarchs.

I see nothing in the immediate offing that will functionally deter Putin from doing what he wants, and he certainly has no deterrence against lying with regard to his intentions as there is no penalty associated with it whether domestically or otherwise.  Therefore the question becomes what is the EU (and potentially the US) prepared to do about it?

There are a number of real actions that could be taken and all would have a very material impact but all impact not just Russia but also everyone who trades with the country.

For the EU (and to a lesser extent the United States) the problem isn't that there aren't available actions that can be taken, it is that threats without the willingness to immediately carry them out (not "get ready in one week") are toothless and simply invite your adversary to erect yet another middle finger in your direction, or worse, say he's going to do something you want but lie about it, consuming the time you give him not to comply but rather to circumvent!

On this point the EU blew it badly during their recent meeting -- and you can bet that didn't go past the Kremlin without them noticing.  

The EU, in short, needs to either grow a pair of balls or shut up.

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Amazing crap coming from this man.

DOHA (Reuters) - Saudi Arabia's King Abdullah said terrorism would soon spread to Europe and the United States unless it is quickly dealt with in the Middle East, the Saudi state news agency reported late on Friday.

The king made the statement during a reception for foreign ambassadors held in Jeddah.

So Mr. Abdullah, may I politely ask why are you not in prison -- or dead?

See, there's this wee section of the report in 9/11 that nobody wants to talk about, and has been redacted.  It claims that your nation and its consulate network in the United States not only helped fund the 9/11 hijackers it also provided logistical support for them.

Now maybe that's true and maybe it's not.  I suspect it's true.  It's also been actively suppressed from public view, so while we know the gist of the claims we don't know the exact details.

Gee, why is that Mr. Abdullah?  And more to the point, when you talk about stopping those evil terrorists are you prepared to begin with yourself?

Just askin'.

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