Nasrallah: 'Cancerous Tumor' Israel To Be Wiped Out, China Losing Control As Stocks Crash, Now Is The Time - Fear Rises On Financial Markets

Nasrallah: 'Cancerous tumor' Israel to be wiped out | The Times of Israel

The Times of Israel is liveblogging Tuesday’s events as they unfold.

Hezbollah leader Hassan Nasrallah says that “Israel, the cancerous tumor, is to be wiped out.”

According to Al-Manar, Nasrallah says Israel is capitalizing on the unrest in the region to bolster ties with moderate Arab states.

“The Zionist entity is taking advantage of the events taking place in our region in a bid to normalize ties with several Arab states,” he says.

“Right now, there are some Arab countries that have taken Israel out of the circle of threats,” he adds, according to the Iranian Press TV. “This is something very dangerous.”

“We should activate and boost all forms of the resistance against the Israeli normalization,” he says.

Pledging support for the Palestinian cause, Nasrallah says “there is no rightful and legitimate cause like al-Quds and countering the Zionist enemy.”

Nasrallah laments that the Palestinian issue “is now out of the international and popular concerns, something which gave the enemy a historical chance in order to implement its scheme.”

This scheme “surpasses occupying Palestine. It is our duty to counter this scheme,” he says.

Nasrallah calls the recent clashes between police and Palestinian protesters on the Temple Mount “alarming.”

“The day in which we will pray in al-Quds [Jerusalem] is inevitably coming despite ordeals,” he says.

China losing control as stocks crash despite emergency measures - Telegraph

Chinese equities have suffered the sharpest one-day crash in eight years, sending powerful tremors through global commodity markets and smashing currencies across East Asia, Latin America and Africa. 

The Shanghai Composite index fell 8.5pc despite emergency measures to shore up the market, with a roster of the biggest blue-chip companies down by the maximum daily limit of 10pc. The mood was further soured by news that corporated profits in China are now contracting in absolute terms, falling 0.3pc over the past year. 

The violence of the moves unnerved investors worldwide, stirring fears that the Communist Party may be losing control after stoking a series of epic bubbles in property, corporate investment and equities to keep up the blistering pace of economic growth. 

Brent crude prices slid to a five-month low of $53.34, re-entering a bear market. The DB-UBS commodity index fell to 2002 levels, obliterating the gains of the resource "supercycle". 

The FTSE 100 fell 1.27pc to 6.497, dragged down by mining groups and energy companies. All of the year’s advances have been wiped out. 

Mark Williams, chief Asia strategist at Capital Economics, said the Chinese authorities appear to have been testing the waters to see what would happen if they stopped intervening. The market verdict was swift and brutal. 

“They have got themselves into a very difficult situation. They have put a lot of credibility on the line to shore up prices and this credibility has been badly damaged,” he said. 

The Shanghai index looks poised to test its 200-day moving average, now just below 3,600, a crucial support level watched with trepidation by China’s authorities.

The Chinese media reported on Monday night that the state regulator is ready to intervene with yet more stock purchases. It has already bought an estimated $250bn of equities and has borrowing lines for a further $450bn if necessary.

Western banks say they are coming under heavy pressure from Chinese officials to refrain from negative comments. They are effectively gagged if they wish to do business in China.

“Large parts of the market are closed, and those stocks that are still trading are selling off regardless of support measures. Clearly something very serious is happening,” said one economist.

The long-standing assumption that the Chinese authorities know what they are doing has been shattered.

The government’s heavy-handed measures include a ban on short sales and on new share issues, as well as pressure on the 300 largest companies to buy back their own stock, and forced purchases of stocks by brokerage houses.

Now Is The Time – Fear Rises As Financial Markets All Over The Planet Start To Crash

Can you feel the panic in the air?  CNN Money’s Fear & Greed Index measures the amount of fear in the financial world on a scale from 0 to 100.  The closer it is to zero, the higher the level of fear.  Last Monday, the index was sitting at a reading of 36.  As I write this article, it has fallen to 7.  The financial turmoil which began last week is threatening to turn into an avalanche. 

On Sunday night, we witnessed the second largest one day stock market collapse in China ever, and this pushed stocks all over the planet into the red.  Meanwhile, the twin blades of an emerging market currency crisis and a commodity price crash are chewing up economies that are dependent on the export of natural resources all over the globe.  For a long time, I have been warning about what would happen in the second half of 2015, and now it is here.  The following is a summary of the financial carnage that we have seen over the past 24 hours…

-On Sunday night, the Shanghai Composite Index plunged 8.5 percent.  It was the largest one day stock market crash in China since 2007, and it was the second largest in history.  The Chinese government is promising to directly intervene in order to prevent Chinese stocks from going down even more.

-Over 1,500 stocks in China fell by their 10 percent daily maximum.  This list includes giants such as China Unicom, Bank of Communications and PetroChina.

-Ever since peaking in June, the Shanghai Composite Index has dropped by a total of 28 percent.

-Even Chinese stocks that are listed on U.S. stock exchanges are being absolutely hammered.  The following comes from USA Today…

The 144 China-based stocks with primary listings on major U.S. exchanges have erased nearly $40 billion in paper wealthsince the Shanghai Composite index peaked on June 12. It’s an enormous destruction of wealth that in effects wipes out the market value of a company the size of cruise ship operator Carnival.

-The Chinese stock market crash pushed European stocks significantly lower on Monday…

The pan-European FTSEurofirst 300 provisionally closed 2.1 percent lower, while the Germany’s DAX and France’s CACclosed respectively 2.4 percent and 2.5 percent lower.

The U.K.’s benchmark FTSE outperformed its euro zone peers, but still closed unofficially down 1.0 percent.

-Overall, European stocks have been falling steadily since the beginning of last week.  To get an idea of how much damage has been done already, just check out this chart.

-As I mentioned above, an emerging market currency crisis is causing havoc for economies all over the planet.  The following comes from an article that was published by the Telegraph…

The currencies of Brazil, Mexico, South Africa and Turkey have all crashed to multi-year lows as investors flee emerging markets and commodity prices crumble.

The drastic moves came as fears of imminent monetary tightening by the US Federal Reserve combined with shockingly weak figures from China, which stoked fears that the country may be sliding into a deeper downturn and sent tremors through East Asia, Latin America and Africa.

-On Monday, the Dow was down another 127 points.  It was the fifth day in a row that the Dow and the S&P 500 have both declined.

-Overall, the Dow is now down more than 650 points since July 20th.

-480 stocks on the New York Stock Exchange have hit new 52-week lows.  Many analysts consider this to be a very, very ominous sign.

-I have repeatedly written about the danger of the commodity collapse that we are currently witnessing, and the Bloomberg Commodity Index fell another 1.22 percent on Monday to a fresh low of 92.1493.

This is exactly what we would expect to see during the early stages of a financial crisis.

Of course global financial markets may bounce back somewhat tomorrow.  If you will remember, some of the largest one day gains in stock market history happened right in the middle of the stock market collapse of 2008.  So don’t get fooled by what happens on any one particular day.

With so much fear in the air, literally anything could happen in the weeks and months ahead of us.  One month ago, I issued a red alert for the last six months of this year.  I warned that a major financial crisis was imminent and that people needed to start protecting themselves immediately.

As I write this article on Monday evening, financial markets are already opening up over in Asia.  Japanese stocks are already down 251 points even though the market has only been open for about an hour over there.

We have entered a time when what is happening to global stock markets will once again be headline news.  We are right on the precipice of another great financial crisis, only this one is going to ultimately end up being much worse than the last one.

Now is the time.

Netanyahu scrambles to calm seething coalition after settlement evacuation | The Times of Israel

Prime Minister Benjamin Netanyahu sought to quell a budding coalition crisis Tuesday morning, as members of the pro-settler Jewish Home party threatened to hobble, or even topple, his government over its move to clear out illegally built structures in the West Bank.

“We’re acting to bolster the settlements, and we’re doing so in accordance with the law,” Netanyahu said in a statement hours after hundreds of Israel Police special forces stormed the buildings in the Dreinoff neighborhood of the settlement of Beit El, north of Jerusalem.

Settler demonstrators had barricaded themselves in an attempt to prevent the implementation of a High Court of Justice decision ordering the demolition of the structures, and some 50 were detained after scuffles with police.

“Our stance regarding the houses in Beit El is clear,” Netanyahu continued. “We are opposed to demolishing them and are pursuing judicial courses to prevent such a step. I will request that the government’s stance, to the effect that the planning process at the site has been concluded and that there is thus no need to demolish the houses, will be brought before the High Court of Justice as well.”

“Since the construction of 24 housing units at the site was approved by the Civil Administration, and following residents’ appeal to the High Court of Justice on the matter, in an effort to prevent the demolition, it will only be carried out if the High Court orders it,” the official said. “We’re still in the midst of a judicial process.”

Despite the assurances that the court’s decision to demolish the buildings was not a fait accompli, ministers and lawmakers on the right flank of Netanyahu’s coalition – most of them members of the Jewish Home party – reacted with indignation to the evacuation of the site.

Education Minister Naftali Bennett, who leads Jewish Home, invoked the pullout from the Gaza Strip in the summer of 2005, which saw thousands of Israeli settlers removed from their homes.

“Ten years on from the disengagement, someone has forgotten that, this time around, the nationalist camp possesses public and political power,” he said in a statement that also singled out Defense Minister Moshe Ya’alon for excoriation over his failure “to soothe” the situation.

Turkey’s Attack On ISIS Is A Conspiracy Orchestrated By Obama And Erdogan In Order To Advance The Islamic Caliphate - Freedom Outpost

The charade began when Americans got excited when Turkish warplanes directly began to target ISIS locations early Saturday for a second straight day. But then, all of the sudden, Turkey switched plans and opened a second front, not on ISIS, but against the PKK Kurdish rebel sites that were fighting ISIS.

The Turkish jets then hit shelters and storage facilities belonging to the PKK in seven areas in northern Iraq, including Mount Quandil where there are no ISIS and is where the PKK's headquarters are located. Even the Turkish media outlets were more enthusiastic about the Turkish air force's bombing the Kurdish militia than about bombing ISIS. "The camps of the PKK," they excitedly reported, "have been covered with fire."

All this unraveled two days after Obama spoke with Erdogan of Turkey by phone regarding attacks on ISIS and the Kurds.

But the question that begs an answer is this: if it is true that Turkey had a sudden willingness to join the fight against ISIS, why then did Turkey orchestrate a second front, not against ISIS, but against the very enemies of ISIS, the Kurdish rebels in Syria and Iraq?

Fact is, for months, Ankara had been reluctant to join the U.S.-led coalition against ISIS, despite gains made by the extremist group on Turkey's doorstep. So, as it seems, Turkey's ruling Justice and Development Party (AKP) is using its minor attack on ISIS to deceive the world and use it as a pretext to attack the Kurdish PKK and even block access to all pro-Kurdish newspapers and news agencies which was denied "by decree of court."

The strangest observance is that even ISIS has not so far made any statements regarding Turkey's so-called bombings of ISIS in any of its media outlets.

This makes the situation quite fishy, especially after Obama and Erdogan had a phone conversation on the 22nd of July, prior to the attacks on the 24th where Turkey got the green light from Obama. Erdogan himself clearly stated: "In our phone call with Obama, we reiterated our determination in the struggle against the separatist organization and the Islamic State," Erdogan told reporters adding that "we took the first step last night."

This would be the Kurds, the U.S. allies against ISIS whom Erdogan says that Obama is determined to struggle against. The Kurdish PKK and the Democratic Union Party (PYD) and its armed wing, Kurdish People's Defense Units (YPG) has been America's most effective battlefield partners against ISIS and Obama says nothing?

In the American psyche, the Kurds are friends—they even recruit women fighters and have heroic stories on how they were the best boots on the ground to combat ISIS. So Erdogan and Obama had to create a smokescreen. The United States has relied on Syrian Kurdish fighters affiliated with the PKK while making gains against ISIS. So Turkey is at war with U.S. 'friends' more so than they are at war with America's 'enemies' and the latest strikes on ISIS is all a charade.

And if one is to know them by their fruits, there are millions of indigenous Kurds who are continually terrorized and murdered while ISIS terrorists have freely traveled and used official border crossings to go to Syria and return to Turkey; they are even treated at Turkish hospitals by Erdogan's own daughter, Sumeyye Erdogan.

With closer cooperation between Iran and the U.S. following a recent nuclear agreement, it then becomes clear that Turkey's shift in policy to show 'a skirmish against ISIS' is necessary and a suicide bombing by ISIS that killed 32 people is easily orchestrated, which mainly killed Kurds anyway.

This whole charade is necessary. ISIS is an enemy of Iran as it is an enemy to the U.S., and Turkey walks a tight rope between its Ottoman expansionist dreams into Syria and its apparent alliance with the West. Turkey fears that the increased cooperation between Iran and Washington in the battle against ISIS would sideline Turkey's sphere of influence, so now it needs to have a face for 'a war on ISIS'.

Now the U.S. supposedly got Turkey's promise that it can use Turkish bases at Incirlik, which will soon be open to coalition forces, so they say, to presumably fight ISIS. This remains to be seen. In the past, the U.S. had to traverse 1,000 miles to target ISIS in Syria.

Either way, Turkey could care less about the ISIS threat. After all, even if the U.S. eventually defeats ISIS, the United States will clear the runway for the Ottomans to set its foot in Syria as a peacekeeping force, just as the United States cleared the runway for Iran to encroach into Iraq and become the peacekeeping force there. Both beasts intend to consume much flesh. It is, after all, a Caliphate Agenda in progress, while all credit goes to Obama, Islam's man in the White House.

Erdogan: No Peace Process with Kurds for Now - Latest News Briefs - Arutz Sheva

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