Saturday’s events have shown that the roof will come down on the world economy if any regional conflagration erupts leading to destruction of the petrodollar states. Brent Crude jumped 20% higher Sunday night. If the Saudi outage could last for months, as seems likely, expect the Brent onslaught to continue until the price hits $80, and keeps moving higher.
Month: September 2019
The attack on the world’s largest oil processing facility at Abqaiq in Saudi Arabia southwest of Aramco’s headquarters in Dhahran had a few predictable responses. Given that the facility has a daily output of some 5.7 million barrels, damaging it was bound to cause a spike in the price of […]
A large number of Americans still don’t believe the official version of the 9/11 attacks on New York and Washington. I am one of them. The government and tame media version – that crazed Muslims directed by Osama bin Laden attacked New York’s twin towers and the Pentagon because they […]
I was sitting in a Sunday School class, and was probably around eight or nine years old. I cannot remember what the Scripture was that day. However, the room was brought into a very serious state of mind as we were presented with something and were asked to sign it. […]
There was something richly amusing in the move: three judges, sitting in Scotland’s highest court of appeal, had little time for the notion that Prime Minister Boris Johnson’s suspension, or proroguing, of parliament till October 14, had been lawful. Some 78 parliamentarians had taken issue with the Conservative leader’s limitation […]
Bolton’s departure from the White House will enhance the flexibility of the US foreign policy. As Senator Rand Paul put it, “the threat of war worldwide goes down exponentially.” We may expect the White House to put more emphasis on diplomacy. The one country that will regret Trump’s decision for sure will be Israel. Bolton was Israel’s “Trojan horse” in the White House.
“Every time the president, or Pompeo, or anyone in the [Trump] administration came up with an idea, they had to face Dr No.” Cliff Kupchan, Chairman of the Eurasia Group, The Washington Post, Sep 11, 2011. It was compelling viewing (one does not so much read Twitter as see it […]
It is safe to say that the Molotov–Ribbentrop Pact was a standard treaty in the style of Realpolitik prevalent in every state at that time. Every single one of Germany’s future opponents feared war, they all tried to come up with ways to avoid it, even at the expense of others, they were prepared to betray their closest allies, as has been shown.
Like Timor-Leste, West Papua, commonly subsuming both Papua and West Papua, remains a separate ethnic entity, acknowledged as such by previous colonial powers. Its Dutch colonial masters, in preparing to leave the region in the 1950s, left the ground fertile for a declaration of independence in 1961. Such a move […]
Boris Johnson’s policy is in perfect continuity with British history. If we refer to the writings of the British Prime Minister and not to his campaign remarks, it is much more guided by the danger felt at the birth of a continental supranational state than by a desire for economic independence.
The meeting of the foreign and defense ministers of Russia and France in the 2+2 format in Moscow on September 9 signified not only a warming up of relations between the two countries but a reset in Russia’s ties with the West. The last time a Franco-Russian event in the […]
Part I, Part II, Part III Opposite conceptions about the process of the Yugoslav unification and the internal political organization of the new state It is very important to notice that during the Corfu Conference the opposite conceptions about the solving of the Yugoslav Question did not exist. Namely, there […]