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Month: September 2019

‘Low-Flying’-Missiles Used In Aramco Attack Were Launched Inside Iran: Report

‘Low-Flying’-Missiles Used In Aramco Attack Were Launched Inside Iran: Report The US has reportedly traced the cruise missiles used during a weekend attack that crippled half of Saudi Aramco’s oil production back to their point of origin: Iran. Or at least that’s what one US official is telling CBS News. Many have argued that there’s zero upside for Iran in carrying out attacks like this (the region has also endured several attacks on oil tankers that have been blamed on Iran), but the US has insisted that Tehran was responsible for the attack, and that the missiles used were beyond the sophistication of Yemen’s Houthis, who had initially taken credit for the attacks. Senior US officials have told CBS they’ve identified the locations in Iran from which a combination of more than 20 drones and cruise missiles were launched against the Saudi oil facilities. They say the locations are in southern Iran at the northern end of the Persian Gulf. — Paul Danahar (@pdanahar) September 17, 2019 According to US sources, 17 missiles or drones were fired, not the 10 the Houthis claim. Cruise missiles may have been used, and some targets were hit on the west-northwest facing sides, which suggests the projectiles were fired from the north, from Iran or Iraq. Investigators have reportedly identified the exact location, purportedly in southern Iran, where a combination of more than...

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“Locked-And-Loaded” For War With Iran: Is Bolton’s Soul Living On?

“Locked-And-Loaded” For War With Iran: Is Bolton’s Soul Living On? Authored by Patrick Buchanan via Buchanan.org, “Iran has launched an unprecedented attack on the world’s energy supply,” declared Secretary of State Mike Pompeo. Putting America’s credibility on the line, Pompeo accused Iran of carrying out the devastating attack on Saudi oil facilities that halted half of the kingdom’s oil production, 5.7 million barrels a day. On Sunday, President Donald Trump did not identify Iran as the attacking nation, but did appear, in a tweet, to back up the secretary of state: “There is reason to believe that we know the culprit, are locked and loaded depending on verification, but are waiting to hear from the Kingdom (of Saudi Arabia) as to who they believe was the cause of this attack and under what terms we would proceed!” Yemen’s Houthi rebels, who have been fighting Saudi Arabia for four years and have used drones to strike Saudi airport and oil facilities, claim they fired 10 drones from 500 kilometers away to carry out the strikes in retaliation for Saudi air and missile attacks. Pompeo dismissed their claim, “There is no evidence the attacks came from Yemen.” But while the Houthis claim credit, Iran denies all responsibility. Foreign Minister Mohammad Zarif says of Pompeo’s charge, that the U.S. has simply replaced a policy of “maximum pressure” with a policy of “maximum...

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NYT Editors Removed Detail That Woman Didn’t Recall Alleged Kavanaugh Incident

The New York Times reporters who wrote about a previously unreported sexual misconduct accusation against Supreme Court Justice Brett Kavanaugh said an editor removed the key detail that the woman in question had no memory of the event. The Times is under fire for a widely criticized piece excerpted from a new book by its reporters Robin Pogrebin and Kate Kelly, The Education of Brett Kavanaugh: An Investigation. The book included the revelation that a Yale classmate told lawmakers last year that he saw Kavanaugh expose himself at a dorm party and his penis was shoved into a woman’s hands. Recent Stories in Politics NYT Editors Removed Detail That Woman Didn’t Recall Alleged Kavanaugh Incident Warren-Endorsed Senate Candidate Violates Her Anti-Corruption Plan Times Reporter: Alleged Kavanaugh Victim Doesn’t Remember Incident Because ‘She Was Drunk’ But the Times omitted a fact from the book in the article: The woman did not remember it happening. MSNBC host Lawrence O’Donnell asked the pair of reporters Monday night what happened with the “omission that the Times later felt belonged in the piece.” In reality, it took sharp online criticism led by author Mollie Hemingway—whose book Justice On Trial covered the furor around the Kavanaugh hearings—to force the Times to issue the embarrassing correction. Kelly said there was “zero intent to mislead anybody” about the details of the alleged “incident.” She maintained the book and article were more about the experiences...

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Canadian RCMP Official’s Arrest Could Compromise ‘Five Eyes’ Intelligence Alliance

Canadian RCMP Official’s Arrest Could Compromise ‘Five Eyes’ Intelligence Alliance There’s something rotten in the Five Eyes intelligence alliance, an intelligence sharing community that includes the US, Canada, the UK, New Zealand and Australia. Canada on Friday revealed that it had arrested the former director general of the RCMP’s National Intelligence Coordination Center, one of the country’s top intelligence officials, but Canada wouldn’t say exactly what he had done. That has allowed unsavory suspicions that he was some how in league with Russian criminals who laundered money through Canada to fester. All we know is that Cameron Ortis, a director general with the RCMP’s intelligence unit, has been charged under a 2012 security of information law used to prosecute spies. According to Reuters, his arrest on what amounts to charges of leaking secret information could hurt intelligence operations by “allied nations,” the RCMP said on Monday. And that could hurt Canada’s standing inside five-eyes. Here’s the RCMP’s only comment on the arrest so far: “We are assessing the impacts of the alleged activities as information becomes available,” RCMP Commissioner Brenda Lucki said in a statement. “We are aware of the potential risk to agency operations of our partners in Canada and abroad and we thank them for their continued collaboration.” […] “Mr. Ortis had access to information the Canadian intelligence community possessed,” said Lucki. “He also had access to...

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The Risk Of A Liquidity-Driven Event Is Rising

The Risk Of A Liquidity-Driven Event Is Rising Authored by Lance Roberts via RealInvestmentAdvice.com, Over the last few days, the internet has been abuzz with commentary about the spike in interest rates. Of course, the belief is that the spike in rates is “okay” because the market are still rising.  “The yield on the benchmark 10-year Treasury note was poised for its largest weekly rally since November 2016 as investors checked prior concerns that the U.S. was careening toward an economic downturn.” – CNBC See, one good economic data point and apparently everything is “A-okay.”  Be careful with that assumption as the backdrop, both economically and fundamentally, does not support that conclusion.  While the 10-year Treasury rate did pop up last week, it did little to reverse the majority of “inversions” which currently exist on the yield curve. While we did hit the 90% mark on August 28th, the spike in rates only reversed 2 of the 10 indicators we track.  Nor did it reverse the most important inversion which is the 10-year yield relative to the Federal Reserve rate.  However, it isn’t the “inversion” you worry about.  Take a look at both charts carefully above. It is when these curves “un-invert” which becomes the important recessionary indicator. When the curves reverse, the Fed is aggressively cutting rates, the short-end of the yield curve is falling faster than the long-end as money seeks the safety of “cash,” and a recession is emerging. As I noted in...

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