Jim Sinclair’s Commentary
This is absolutely Jack Russells. We have 3 of them.
US arms rushed to Iraqi Kurds from Jordan, Israel. Al Qaeda-Sinai targets US Negev military facilities
The Kurdish Peshmerga fight against encroaching Islamic State troops gained a broad new dimension Monday, Aug. 11, when the US began airlifting large quantities of military equipment, including ordnance, from Jordan and Israel to the semiautonomous KRG capital, Irbil. The US maintains 10,000 special operations and marine forces at the King Hussein Air Base in northern Jordan, with large stocks of ammunition that were originally destined for the rebels fighting Bashar Assad in Syria. They are now being redirected to the Kurdish effort to stop the rapid Islamist march on their republic, along with supplies from the US emergency stores maintained in the Israeli Negev.
DEBKAfile’s military sources reveal that for some weeks, those stores and other US facilities in southern Israel have been in the sights of IS elements, which arrived in Sinai six months ago to reinforce Ansar Beit Al-Maqdis, the local offshoot of Al Qaeda.
The US, Israel and Egypt have taken care to keep this development under their hats. But in the last month, while Israel was engaged in Operation Defensive Edge against the Palestinian Hamas, IS and Al-Maqdis shot rockts from Sinai at US and Israeli military facilities in the Negev, in support of Hamas. Their attacks were described by Western observers as intense on some days as the Palestinian rocket barrage against the Israeli population.
The speed with which the American military effort in northern Iraq has spiraled in four days – from limited air strikes on IS targets Friday, Aug. 8, to direct arms supplies Monday – will soon confront President Barack Obama with the need for a speedy decision on whether to send American troops back to Iraq.
US air strikes are clearly limited by the lack of an organized list of targets. All they can do now is bomb chance targets as they are picked up by reconnaissance planes or satellites. To be effective, the US Air Force needs to be guided in to target by special operations forces on the ground, who can supply precise data on the movements of IS fighters and mark them for air attack with laser designators.
Another shortcoming is the small number of US fighter-bombers available for Iraq. The aircraft which conducted four attacks on IS forces came from the USS George HW Bush aircraft carrier in the Gulf, which has 70 warplanes on board. This is not enough aerial firepower to stop the Islamists’ advance.
They are also disadvantaged by being prevented from striking IS forces in Syria, a limitation which further curtails their effectiveness, as it did in the US war against Saddam Hussein.
Jobs Added Post-Recession in US Pay 23 Percent Less, Report Says
Monday, 11 Aug 2014 11:14 AM
Jobs gained following the U.S. recession pay 23 percent less than those lost as a result of the 18-month slump that ended in June 2009, a report by the U.S. Conference of Mayors finds.
The average wage of the positions recovered through the second quarter of 2014 was $47,171 per year compared with $61,637 for those lost in 2008 through 2009, according to the report.
The loss is almost twice as large as the one following the 2001 recession, according to the study prepared by IHS Global Insight, and represents $93 billion in foregone wages.
“While the economy is picking up steam, income inequality and wage gaps are an alarming trend that must be addressed,” Kevin Johnson, mayor of Sacramento, California, and president of the group, said in the report released Monday.
Earnings disparities are also worsening, the report showed. Average income is projected to rise faster than median income, suggesting that top earners are gaining a disproportionate share and pulling up the mean.
In 2014, median income is projected to gain 2.5 percent before adjusting for inflation, followed by 3.8 percent gains per year through 2017.
Average income is expected to climb 2.7 percent this year and by 4.1 percent annually through 2017.
US SANCTIONS ON RUSSIA MAY SINK THE DOLLAR
The US government’s decision to apply more sanctions on Russia is a grave mistake
by RON PAUL | INFOWARS | AUGUST 11, 2014
The US government’s decision to apply more sanctions on Russia is a grave mistake and will only escalate an already tense situation, ultimately harming the US economy itself. While the effect of sanctions on the dollar may not be appreciated in the short term, in the long run these sanctions are just another step toward the dollar’s eventual demise as the world’s reserve currency.
Not only is the US sanctioning Russian banks and companies, but it also is trying to strong-arm European banks into enacting harsh sanctions against Russia as well. Given the amount of business that European banks do with Russia, European sanctions could hurt Europe at least as much as Russia. At the same time the US expects cooperation from European banks, it is also prosecuting those same banks and fining them billions of dollars for violating existing US sanctions. It is not difficult to imagine that European banks will increasingly become fed up with having to act as the US government’s unpaid policemen, while having to pay billions of dollars in fines every time they engage in business that Washington doesn’t like.
European banks are already cutting ties with American citizens and businesses due to the stringent compliance required by recently-passed laws such as FATCA (Foreign Account Tax Compliance Act). In the IRS’s quest to suck in as much tax dollars as possible from around the world, the agency has made Americans into the pariahs of the international financial system. As the burdens the US government places on European banks grow heavier, it should be expected that more and more European banks will reduce their exposure to the United States and to the dollar, eventually leaving the US isolated. Attempting to isolate Russia, the US actually isolates itself.
Another effect of sanctions is that Russia will grow closer to its BRICS (Brazil/Russia/India/China/South Africa) allies. These countries count over 40 percent of the world’s population, have a combined economic output almost equal to the US and EU, and have significant natural resources at their disposal. Russia is one of the world’s largest oil producers and supplies Europe with a large percent of its natural gas. Brazil has the second-largest industrial sector in the Americas and is the world’s largest exporter of ethanol. China is rich in mineral resources and is the world’s largest food producer. Already Russia and China are signing agreements to conduct their bilateral trade with their own national currencies rather than with the dollar, a trend which, if it spreads, will continue to erode the dollar’s position in international trade. Perhaps more importantly, China, Russia, and South Africa together produce nearly 40 percent of the world’s gold, which could play a role if the BRICS countries decide to establish a gold-backed currency to challenge the dollar.
Putin: Russia teams up with Red Cross to send humanitarian convoy to Ukraine
August 11, 19:19 UTC+4
MOSCOW, August 11. /ITAR-TASS/. Russia in cooperation with the International Committee of the Red Cross (ICRC) will send a humanitarian convoy to Ukraine, President Vladimir Putin said in a telephone conversation with European Commission President Jose Manuel Barroso on Monday.
Putin shared his assessment of the crisis in Ukraine and its causes, placing the emphasis on “the catastrophic consequences of the military operation the Kiev authorities are conducting in south-eastern regions and on the need for urgent humanitarian aid to the region”, the presidential press service said.
President Vladimir Putin and European Commission President Jose Manuel Barroso in a telephone conversation on Monday discussed some pressing issues of cooperation between Russia and the European Union.
The call took place “in the context of the Association Agreement signed by Ukraine and Russia’s ban on the import of agricultural products from EU countries in response to the Western sanctions”, the press service said.
Jim Sinclair’s Commentary
Sanctions bring China and Russia closer in trade relations.
China to start direct sales of fruit and vegetables to Russia
Published time: August 11, 2014 09:34
China will start selling fruit and vegetables directly to Russia, and Baorong company plans to set up a special logistics center in Dongning on the border with Russia’s Far East to do it.
The 70,000 square meter wholesale market and 30,000 square meter warehouse, fitted out with refrigerators and other equipment, will be in a special cross-border customs zone, ITAR-TASS cites the head of the Association of Applied Economy of the Heilongjiang Province Zhang Chunjiao.
“Direct export of fruit and vegetables to Russia will be organized from it," she said.
It will cost $9.7 million to construct. Customs clearance times will be reduced, and there will be no need to double-check the cargo because of video surveillance in the warehouse.
A Chinese company Dili, also intends to create a similar cross-border trade zone by the end of 2014, Zhang Chunjiao added.
The announcement comes after Russia introduced a 1-year ban on imports of some agricultural products from the EU, US, Australia, Canada, Australia and Norway last week. If it lasts, it could cost European Union members $16 billion, Vygaudas Usackas, the EU ambassador to Russia, estimated.
WHO Warns "No End In Sight" As 170 Ebola Healthcare Workers Now Infected
Submitted by Tyler Durden on 08/11/2014 13:35 -0400
"The outbreak of Ebola virus disease in west Africa continues to evolve in alarming ways, with no immediate end in sight," is the ominous warning this morning from the World Health Organization. The WHO statement confirmed that a stunning 170 health-care workers (the ones covered from head to toe in protective garments) have been infected with Ebola and at least 81 have died. "Treatment facilities are oveflowing," they note as they prepare to hold an emergency meeting today on experimental therapies. But apart from that, as Western media says, it is contained and does not pose a risk to Americans…
Excerpted from WHO Statement:
The outbreak of Ebola virus disease in west Africa continues to evolve in alarming ways, with no immediate end in sight. Many barriers stand in the way of rapid containment.
The most severely affected countries, Guinea, Liberia, and Sierra Leone, have only recently returned to political stability following years of civil war and conflict, which left health systems largely destroyed or severely disabled.
The recent surge in the number of cases has stretched all capacities to the breaking point. Supplies of personal protective equipment and disinfectants are inadequate. The outbreak continues to outstrip diagnostic capacity, delaying the confirmation or exclusion of cases and impeding contact tracing.
Some treatment facilities are overflowing; all beds are occupied and patients are being turned away.
Jim Sinclair’s Commentary
The cost of sanctions to Europe is starting to take hold.
Escalating tensions with Russia threaten eurozone recovery — Financial Times
August 11, 15:42 UTC+4
LONDON, August 11. /ITAR-TASS/. Strained relations with Russia over conflict in Ukraine “have hit confidence in Germany”, complicating economic recovery in the eurozone, the UK’s Financial Times newspaper said on Monday, quoting economists polled by Reuters news agency.
European Central Bank president Mario Draghi was cited as saying that further breakdown of relations with Russia “would weaken growth in the second half of the year”.
The region’s recovery already looked fragile with Italy, the eurozone’s third-largest economy, back in recession and the French economy remaining weak, the paper said.
“There are also signs momentum in the German economy, which provides more than a quarter of the currency area’s output, has halted,” it said, reporting polled economists as saying that the region’s economic powerhouse failed to grow at all in the second quarter.
Ukraine’s crisis triggered a sharp slump in factory orders in June, as well as a decline in business confidence, the paper said.
Joerg Kraemer, chief economist at Commerzbank, was quoted as saying, “It’s not the end of the upswing, but it’s a reminder that there are certain risks from emerging markets.” “Germany is highly export driven. It can’t be immune from what is going on outside,” Kraemer concluded.
Russia Urges West Not to Interfere With Humanitarian Aid to East Ukraine
SOCHI, August 11 (RIA Novosti) – Russian Foreign Minister Sergei Lavrov Monday called on the West not to impede the delivery of urgent humanitarian aid to war-torn eastern Ukraine.
"Hopefully, this humanitarian action will take place soon under the aegis of the International Committee of the Red Cross,” Lavrov told reporters in the Black Sea resort of Sochi.
“We have agreed all the details with the Ukrainian authorities. I hope that our Western partners will avoid putting obstacles [to the delivery of humanitarian aid],” Lavrov said.
The minister sharply criticized recent statements by officials in London, Washington and Berlin that eastern Ukraine does not require humanitarian assistance despite the worsening situation in the regions caught in armed clashes between Kiev-led forces and independence supporters.
“If it is true that the three leaders agreed in phone contacts that there is no need for humanitarian aid to east Ukraine as all necessary measures are already being taken – it sounds like the epitome of blatant cynicism,” Lavrov said.
Earlier Monday, Russian presidential spokesman Dmitry Peskov said that humanitarian aid to the war-torn southeastern Ukraine will be rendered immediately after all conditions are settled.
Finnish Foreign Ministry Backs Russia’s Plan on Humanitarian Aid to Ukraine
MOSCOW, August 11 (RIA Novosti) – Finland’s Foreign Minister Erkki Tuomioja is in constant contact with his colleagues from the United Nations (UN) and the Organization for Security and Co-operation in Europe (OSCE) in order to fulfil Russia’s plan to deliver humanitarian aid to Ukraine, Finland’s Yle television channel reported Monday.
“The situation in eastern Ukraine has not yet reached the scale of the [humanitarian] catastrophe in Gaza or Iran but still it is very serious,” Tuomioja said in an interview.
The minister said Russia’s proposals should be considered, but noted that any kind of humanitarian aid should be delivered in cooperation with the Ukrainian government.
Last Tuesday at the UN Security Council, Russia offered to deploy an international humanitarian mission, with Russian humanitarian aid under the auspices of the International Committee of the Red Cross to Ukraine’s troubled eastern regions.
Soon afterward, Kiev said it would manage on its own and denied there was a humanitarian crisis in the country. Late Friday, the International Committee of the Red Cross welcomed Russia’s proposal.