[This is a very long article which is well worth reading. Below are just a few of the most germane quotes]
Weak government and an absence of security contributed to the Houthi territorial expansion; they currently enjoy total administrative control of Saada, Al-Jouf, Hajjah. And in September, they shocked the region by succeeding in taking over the Yemeni capital Sanaa, despite the government’s attempt to appease demonstrators with a variety of measures - ...the first step toward the creation of a Shiite state, supported by Tehran, in northern Yemen. For many predominately Sunni Arab countries, a militarized state would present an unacceptable threat in the region.
Iran’s ability to blackmail global economy on two strategic sea lanes – the Persian gulf and the Red sea (leading to the Suez canal) – are likely to have dire consequeces for regional and global stability, and draw counter measures from Egypt, Saudi Arabia and Israel, all of whom are the immediate targets for this latest Iranian aggression which contiunes unabated by Obama and his Trilateral handlers.
A member of the Iranian parliament who is close to Khamenei declared, “Three Arab capitals (Beirut, Damascus, and Baghdad) have already fallen into Iran’s hands and belong to the Iranian Islamic Revolution.” He suggested Sana’a, Yemen’s capital, is the fourth.
In September, Shia rebels took over the capital city of Sana’a and the Al-Hudaydah port on the Red Sea. Iran has long been trying to take over the sea lanes surrounding the Arab world. It commands the Strait of Hormuz in the Persian Gulf and is now trying to seize the Bab el-Mandeb Strait.
Yemen’s geostrategic location at the entrance to the Red Sea and across from the Horn of Africa along with the inherent weakness of the central regime has made it an attractive target for subversion by external power centers.
The intensifying political-religious-military struggle between Saudi Arabia and Iran has expanded to most of the Middle East’s countries. Iran’s power projection to the southern border of Saudi Arabia adds regional implications to the conflict between the Yemeni regime and the Shia rebels well beyond the domestic Yemeni dimension. The ongoing success of the al-Houthi tribe’s revolt with Tehran’s support, which has now led to the takeover of extensive parts of Yemen, creates another locus of regional confrontation (in addition to Lebanon, Iraq, Syria, and the Palestinian territories) between Iran and Saudi Arabia, each with its own interests and proxies in the Yemeni arena.
Finance Minister Yair Lapid said Saturday that ties between Israel and the US have reached such a nadir that the US’s assistance at the UN Security Council — including using its right to veto anti-Israel resolutions — was no longer assured.
“We are at an unprecedented low point in our ties with the US. No one knows what they will do when Abu Mazen [Palestinian Authority President Mahmoud Abbas] goes to the Security Council. Their veto is not assured like before,” Lapid, head of the Yesh Atid party, said at a gathering in Tel Aviv.
(The Times of Israel reported earlier this month that many in Jerusalem fear the US can no longer be relied upon to use its veto in the Security Council. In a second article, ToI’s Raphael Ahren wrote that in the Security Council’s present constellation, it will be difficult — though certainly not impossible — for Abbas to get the nine yes votes required to pass a resolution or force the US to veto it. “However, if Abbas decided to hold off until next year, when five of the non-permanent Security Council members will be replaced, the chances of the Palestinian demarche will increase significantly,” he noted.)
With no political solution in sight, governments and parliaments in Europe are moving toward Palestinian recognition, with France’s National Assembly set to vote on a non-binding resolution on December 2 after debating the issue on Friday.
Most Americans are completely unaware of what is currently happening in the financial world, but right now there are deeply troubling signs that we could be on the verge of another major global financial collapse. If the next great economic downturn does strike in 2015, that could mean that we may have just witnessed the last great Black Friday celebration of American materialism. As you read this, stock prices are approximately double the value that they should be, margin debt is hovering near all-time record highs, and the “too big to fail” banks are being far more reckless than they were just prior to the last major stock market implosion. So many of the exact same patterns that we witnessed back in 2007 and 2008 are repeating right now, and as you will see below, this includes a horrifying crash in the price of oil. Anyone with half a brain should be able to see the slow-motion financial train wreck that is unfolding right before our eyes.
The next great financial crash (which many have been anticipating for years) is rapidly approaching. So many of the same things that happened last time are happening again. As I noted above, this includes a crash in the price of oil.
In the months prior to the last stock market collapse, the price of oil began plummeting dramatically in the summer of 2008. This was an “early warning signal” that something was deeply amiss in the financial world…
Many people assume that a lower price for oil is good for the economy, but the exact opposite is actually true. The oil industry has become absolutely critical to the U.S. and Canadian economies. And in recent years, the “shale oil boom” has been one of the only bright spots for the United States. If the shale oil industry starts to fail because of lower prices, a lot of the boom areas all over the nation are going to go bust really quickly and a lot of the financial institutions that were backing these projects are going to feel an immense amount of pain.
So just like we saw during the summer of 2008, crude oil prices are collapsing once again. The chart below comes from the Federal Reserve, but it is a few days out of date. Now that the price of crude is down to about 66 dollars, you have to imagine the price actually going below the bottom of this chart…
Needless to say, this price collapse is having a huge impact on the stock prices of oil companies. The following information about what happened in the markets on Friday comes from Business Insider…
This comes at a time when there are already a whole host of signs that the global economy is slowing down. Three of the ten largest economies on the planet have already slipped into recession, and the economic nightmare over in Europe just continues to get even worse. In fact, we just learned that the unemployment rate in Italy has shot above 13 percent for the first time ever recorded.
And without a doubt, the next crash is coming. Hopefully we have at least a couple more months of relative stability, but many experts are now urgently warning that time is quickly running out.
By this time next year, Black Friday may look a whole lot different than it does today.