Yesterday, I discussed why high oil prices are so bad for our economy.  When the price of oil is too high, it can cause inflation and hurt economic growth simultaneously.  The article from the Federal Reserve Bank of San Francisco that I mentioned in the last paragraph tried to explain why this happens in very basic economic terms…

Oil price increases are generally thought to increase inflation and reduce economic growth. In terms of inflation, oil prices directly affect the prices of goods made with petroleum products. As mentioned above, oil prices indirectly affect costs such as transportation, manufacturing, and heating. The increase in these costs can in turn affect the prices of a variety of goods and services, as producers may pass production costs on to consumers. The extent to which oil price increases lead to consumption price increases depends on how important oil is for the production of a given type of good or service.

Oil price increases can also stifle the growth of the economy through their effect on the supply and demand for goods other than oil. Increases in oil prices can depress the supply of other goods because they increase the costs of producing them. In economics terminology, high oil prices can shift up the supply curve for the goods and services for which oil is an input.

Needless to say, the unprecedented attack on Saudi oil production facilities was going to cause the price of oil to rise substantially.  In fact, when global markets opened up on Sunday evening we witnessed quite a dramatic spike…

In an extraordinary trading day, London’s Brent crude leaped almost $12 in the seconds after the open, the most in dollar terms since their launch in 1988. Prices subsequently pulled back some of that initial gain of almost 20%, but rallied again as traders waited in vain for an Aramco statement clarifying the scale of damage.

So where is the price of oil going from here?

One analyst quoted by Oilprice.com believes that we could soon see it hit $80 a barrel, and others believe that it could move up toward $100 a barrel not too long from now.

In the days ahead, global markets will be watching Saudi Arabia very carefully.  The longer it takes them to resume normal production levels, the higher the price of oil will go.

According to Bloomberg, one analyst is already publicly admitting that “full resumption could be weeks or even months away”…

All eyes are on how fast the kingdom can recover from the devastating strike, which knocked out roughly 5% of global supply and triggered a record surge in oil prices. Initially, it was said that significant volumes of crude could begin to flow again within days. While Aramco is still assessing the state of the plant and the scope of repairs, it currently believes less than half of the plant’s capacity can be restored quickly, said people familiar with the matter, asking not to be identified because the information isn’t public.

”Damage to the Abqaiq facility is more severe than previously thought,” said Amrita Sen, chief oil analyst at Energy Aspects Ltd. “While we still believe up to 50% of the 5.7 million barrels a day of output that has been disrupted could return fairly swiftly, full resumption could be weeks or even months away.”

That is really bad news, and that is assuming that there won’t be any more attacks like we just witnessed.

If there are more attacks, Saudi oil production could be far lower than normal for an extended period of time, and that would be catastrophic for the global economy.

Most Americans don’t realize this, but a lot of Saudi oil actually gets shipped to the west coast.  The following comes from Fox Business…

Drivers in California, however, could be hit the hardest. Nearly half of what Saudi Arabia exports to the U.S. is sent to the West Coast, as reported by Reuters. In the year that ended in June, the West Coast imported an average of about 11.4 million barrels of Saudi crude every month – much of which went to California refineries.

The Golden State already has among the highest average gasoline prices in the country – at $3.63 per gallon as of Monday.

We are going to see higher gasoline prices right away, but in the short-term we should be able to handle them okay.

But if there are more attacks like the one we just saw, or if a major war breaks out in the Middle East, the price of gasoline could easily spike to levels that we have never seen in this country before.

The U.S. economy was already deeply struggling even before the attack in Saudi Arabia, and so this could definitely push us over the edge.  We should all be getting prepared for an extended economic downturn, because it looks like that is precisely what we could be facing.

Hopefully we won’t see any more attacks on oil production facilities, but the attack on Saturday clearly demonstrated how extremely vulnerable such facilities are to terror attacks.  And with Middle East tensions currently at an all-time high, USA Today is warning that our future “may well get much rockier soon”…

The new threat is tension among nations in the region, as well as the ability to attack based on new and relatively simple technology. Drones can be flown long distances carrying weapons just powerful enough to attack oil facilities. Middle East tensions are severe enough that attempts at similar attacks are not over.

Oil futures do not trade based on the present. They trade on forecasts about oil supply and demand in the future. The future looks rocky and may well get much rockier soon.

We are truly in uncharted territory, and we desperately need peace and calm to prevail in the Middle East.

Sadly, that is not likely to happen, and every new wave of violence is going to mean more economic pain for all of us.

About the author: Michael Snyder is a nationally-syndicated writer, media personality and political activist. He is the author of four books including Get Prepared Now, The Beginning Of The End and Living A Life That Really Matters. His articles are originally published on The Economic Collapse Blog, End Of The American Dream and The Most Important News. From there, his articles are republished on dozens of other prominent websites. If you would like to republish his articles, please feel free to do so. The more people that see this information the better, and we need to wake more people up while there is still time.

The post 6 Of The Last 8 U.S. Recessions Were Preceded By Oil Price Spikes – Damage To Saudi Oil Industry Could Take “Months” To Repair appeared first on The Economic Collapse.

In June the U.S. military began moving equipment and hundreds of troops back to a military base in Saudi Arabia that the U.S. deserted more than 15 years ago, according to two U.S. officials familiar with the deployment.

Over the coming weeks the deployment to Prince Sultan Air Base, intended to counter the threat from Iran, will grow to include fighter jets and Patriot long-range missile defense systems, the officials said. The Patriots have already arrived at the base and should be operational in mid-July, while the aircraft are expected to arrive in August.

And it turns out that the U.S. military has used this base during all of our previous wars in the Middle East.

For example, according to Air Force Magazine the U.S. military first occupied Prince Sultan Air Base for a few months during Operation Desert Storm…

The US Air Force first occupied the sprawling base in two frantic months from November 1990 to January 1991, then departed. Five years later, USAF and coalition forces moved back into the base. It quickly became a massive facility, home to a state-of-the-art air operations center and serving as the hub for air activity in the region.

Then later on, the base played a key role during the U.S. invasion of Afghanistan.  The following comes from the Military Times…

Starting with the January 1991 air war against Iraq after its invasion of Kuwait the previous summer, the U.S. flew a wide range of aircraft from Prince Sultan air base, originally known as al-Kharj. Supported by an all-American array of creature comforts like fast-food restaurants and swimming pools, U.S. forces there flew and maintained Air Force fighters and other warplanes.

The base also served as a launch pad for the December 1998 bombing of Iraq, code-named Operation Desert Fox, which targeted sites believed to be associated with Iraq’s nuclear and missile programs. In 2001, the base became home to the U.S. military’s main air control organization, known as the Combined Air Operations Center, which orchestrated the air war in Afghanistan until it was relocated in 2003 to al-Udeid air base in Qatar.

But U.S. activity at the base didn’t reach a crescendo until Operation Iraqi Freedom in 2003.  Here is more from Air Force Magazine…

Other delicate negotiations came down to the wire just before the start of Operation Iraqi Freedom. “We’ve had very productive meetings regarding military cooperation with Saudi Arabia in the event of military action against Iraq,” State Department official Richard Boucher announced Feb. 26, 2003.

That day, newspapers reported that the Saudis granted formal permission for PSAB to be used in the war against Saddam Hussein’s Iraq. Operation Iraqi Freedom began March 19.

Once again, PSAB pulled its weight in the air campaign. Fuel was a metric showing just how far PSAB had come since 1996. Prince Sultan Air Base operated at maximum rates during major combat operations in Operation Iraqi Freedom from March 19 to May 1, 2003. During that time, the 363rd Fuels Management Flight issued more than one million gallons per day. Officials had previously expanded the fuel storage capacity at Prince Sultan from two million to more than 15 million gallons.

So as you can see, every time the U.S. has decided to go to war in the Middle East, Prince Sultan Air Base has played a leading role.

And now after all this time we have suddenly returned.

This time around, it appears that the U.S. is planning for a very long stay.  According to NBC News, existing roads and runways will be reinforced and expanded, and the U.S. military is even going to “build a medical facility”…

While Prince Sultan Air Base is an active facility, portions of the base will need an upgrade to accommodate the U.S. military, including reinforcing and expanding roads and runways, one U.S. official said. Base housing will also need updating, the official said, and the U.S. will build a medical facility. Many of the U.S. service members deployed there over the past few weeks are engineers preparing the base for the new mission.

Apparently whoever is in charge of making these sorts of decisions is not very optimistic about peace with Iran.

A tremendous amount of money and effort is required for a project like this, because it is basically the equivalent of putting up a small American city in the middle of nowhere.  The base covers “well over a hundred square miles”, and all the way back in 2002 Wolf Blitzer called it “a little sliver of America in the middle of the Arabian Peninsula”…

“By the time the base complex was completed in 1999, it had cost the government of Saudi Arabia more than $1 billion and covered well over a hundred square miles,” found Air Force historian Daniel L. Haulman.

Food was also a priority. Baskin-Robbins ice cream set up shop as did other popular vendors such as Pizza Inn and Burger King. In time, the exchange provided a small haven of food, shopping, and diversion. “It’s a little sliver of America in the middle of the Arabian Peninsula,” enthused CNN’s war correspondent Wolf Blitzer, who visited the base in December 2002 as forces there prepared for intensifying action against Iraq.

I suppose that the Saudis want us to be as comfortable as possible if we are going to fight a war that will greatly benefit them.

After all, the Saudis and the Iranians have been engaged in a proxy war for many years, and so the Saudis would be absolutely thrilled to see the U.S. military bomb the living daylights out of them.

And Saudi Arabia’s minister of state for foreign affairs actually sounds quite eager for the action to start…

“Any attack on the freedom of navigation is a violation of international law,” Adel Aljubeir said in a Twitter post.

“Iran must realise its acts of intercepting ships, including most recently the British ship, are completely unacceptable. The world community must take action to deter such behaviour,” he added.

But as I discussed in a previous article, if the American people truly understood what a war against Iran would be like, there would be millions of protesters in Washington D.C. right now trying to stop it from happening.  It would be a horrible, bloody, apocalyptic war that would set the entire Middle East ablaze, and it would set the stage for the sort of nightmare scenarios that I have been relentlessly warning about.

Unfortunately, so far only a very small portion of the U.S. population seems alarmed about any of this.

Meanwhile, the Pentagon is rapidly preparing for war, and Prince Sultan Air Base is now buzzing with U.S. military activity for the very first time since the invasion of Iraq.

About the author: Michael Snyder is a nationally-syndicated writer, media personality and political activist. He is the author of four books including Get Prepared Now, The Beginning Of The End and Living A Life That Really Matters. His articles are originally published on The Economic Collapse Blog, End Of The American Dream and The Most Important News. From there, his articles are republished on dozens of other prominent websites. If you would like to republish his articles, please feel free to do so. The more people that see this information the better, and we need to wake more people up while there is still time.

The post The U.S. Is Staging Troops At A Key Saudi Military Base That It Used During All Of Our Previous Middle East Wars appeared first on The Economic Collapse.

In the Greater China region, the Hang Seng index in Hong Kong fell by around 0.9 percent in early trade. The Shanghai composite also slipped by 0.33 percent while the Shenzhen composite bucked the overall trend to edge up by 0.4 percent.

In Japan, the Nikkei 225 fell by 1.48 percent in morning trade, while the Topix index slipped by 1.17 percent, with most sectors trending lower.

But what happened in Asia was nothing compared to what we witnessed in Saudi Arabia.

At one point the stock market in Saudi Arabia had plummeted 7 percent after news broke that President Trump warned that the Saudis could face “severe punishment” for the disappearance of journalist Jamal Khashoggi.

The Saudis are denying doing anything wrong, but everyone agrees that he is missing, and everyone agrees that he was last spotted entering the Saudi Consulate in Istanbul on October 2nd.

And it is being reported that U.S. intelligence had previously intercepted communications which indicated that the Saudis planned to abduct Khashoggi.

It is believed that Khashoggi was dismembered after being abducted by the Saudis, and all of the major western powers have expressed major concern about his fate.  But the Saudis insist that they didn’t have anything to do with his disappearance, and they are threatening “greater action” if any sanctions are imposed upon them.  The following comes from USA Today…

Saudi Arabia denied any involvement in the disappearance of Washington Post contributing journalist Jamal Khashoggi and warned Sunday that any sanctions against the oil-rich kingdom would be met with “greater action” and possibly exploding oil prices.

“The kingdom affirms its total rejection of any threats and attempts to undermine it, whether by threatening to impose economic sanctions, using political pressures or repeating false accusations,” the government said  in a statement released to Saudi media. “The Kingdom also affirms that if it receives any action, it will respond with greater action.”

So what might that “greater action” look like?

Well, one Saudi official is warning that the price of oil could rise to “$100, or $200, or even double that figure”…

In a column published just after the SPA statement, Saudi-owned Al Arabiya channel’s General Manager Turki Aldakhil warned that imposing sanctions on the world’s largest oil exporter could spark global economic disaster.

“It would lead to Saudi Arabia’s failure to commit to producing 7.5 million barrels. If the price of oil reaching $80 angered President Trump, no one should rule out the price jumping to $100, or $200, or even double that figure,” he wrote.

If the price of oil did shoot up to $200 a barrel, that would be absolutely crippling for the U.S. economy.

You see, it wouldn’t just cost a whole lot more to fill up your gas tank.  Virtually everything that we buy has to be transported vast distances, and so the price of gasoline must be factored into all of those products.

The price of food is already ridiculously high, and so I don’t even want to imagine what a trip to the grocery store might look like if the Saudis follow through on their threats.

Meanwhile, warnings from the mainstream media of a new crisis on Wall Street continue to become even more dramatic.  For example, the following comes from a Bloomberg article entitled “The Next Financial Crisis Is Staring Us in the Face”…

The financial crisis ripped through Wall Street 10 years ago, pushing the global economy to the edge of the abyss. One might think those searing experiences would have created a learning opportunity — for managing risk better, understanding structural imbalances in the financial markets, even learning a bit about how our own cognitive processes malfunction.

Instead, we have little new wisdom or self-awareness to show for that traumatic event.

And this is how that Bloomberg article ended…

As memories of the crisis fade as the economy recovers, we find the seeds of the next crisis are already being planted. They are the exact same issues of debt and mismanaging risk and not understanding our own limitations. Failing to learn from our prior experiences, we seem doomed to repeat them. We only have ourselves to blame.

That sounds like it could have been ripped right out of The Economic Collapse Blog.

Of course the author of that Bloomberg article is right on the money.  We never learned the very hard lessons that we should have learned from the crisis of 2008.  Instead, we simply reinflated all of the old bubbles and made them bigger than ever before.

Now America is 68 trillion dollars in debt, and our day of reckoning is so close that even the mainstream media is sounding the alarm.

It should be another very interesting week.  Monday may set the tone for the entire week, and so hopefully U.S. markets will bounce back some more.  If they don’t, it could set off another round of panic…

About the author: Michael Snyder is a nationally syndicated writer, media personality and political activist. He is publisher of The Most Important News and the author of four books including The Beginning Of The End and Living A Life That Really Matters.

The Last Days Warrior Summit is the premier online event of 2018 for Christians, Conservatives and Patriots.  It is a premium-members only international event that will empower and equip you with the knowledge and tools that you need as global events begin to escalate dramatically.  The speaker list includes Michael Snyder, Mike Adams, Dave Daubenmire, Ray Gano, Dr. Daniel Daves, Gary Kah, Justus Knight, Doug Krieger, Lyn Leahz, Laura Maxwell and many more. Full summit access will begin on October 25th, and if you would like to register for this unprecedented event you can do so right here.

The post Global Markets Continue To Fall As Bloomberg Warns “The Next Financial Crisis Is Staring Us In The Face”… appeared first on The Economic Collapse.

I put those last two words in bold so that there wouldn’t be any confusion.  In fact, Novak is warning that the Saudis “are marching ever closer towards a wider regional war”.  Novak understands the dynamics of the Middle East, and he realizes where things could be headed if cooler heads do not prevail.

Saudi Arabia and Iran have already been fighting proxy wars against one another in Syria and Iran for quite a while, but a direct military conflict between the two could literally be a nightmare scenario.

One of the primary characters in this ongoing drama is Saudi Arabia’s extremely hawkish crown prince Mohammed bin Salman.  He hates Iran with a passion, and he has already said that he believes that a peace dialogue with Iran is impossible.

And over the past several days, events in Saudi Arabia and Lebanon have moved talk of war to the front burner…

First, the kingdom squarely blamed Iran for a missile attack on Riyadh from Yemen that was thwarted by the U.S.-made Patriot anti-missile system. The Saudis called that attack “direct military aggression by the Iranian regime and may be considered an act of war.”

Second, the Saudis accused Lebanon of — figuratively at least — declaring “war” against it because of aggression from Hezbollah. That statement spurred even Saudi ally and Egyptian President Abdel Fattah al-Sisi to publicly urge for calm.

In an article yesterday, I discussed the “purge” that is currently taking place in Saudi Arabia.  Many believe that this purge is all about removing any potential obstacles to a war with Iran.  Mohammed bin Salman and his father have made dealing with Iran their number one strategic priority, and they have even enlisted the Israelis as allies in their cause…

As is already well-known, the Saudi and Israeli common cause against perceived Iranian influence and expansion in places like Syria, Lebanon and Iraq of late has led the historic bitter enemies down a pragmatic path of unspoken cooperation as both seem to have placed the break up of the so-called “Shia crescent” as their primary policy goal in the region. For Israel, Hezbollah has long been its greatest foe, which Israeli leaders see as an extension of Iran’s territorial presence right up against the Jewish state’s northern border.

If Saudi Arabia and Iran go to war, it is probably inevitable that Hezbollah will strike Israel at the same time, thus getting the Israelis directly involved in the conflict.

Not only that, if a major regional war does erupt in the Middle East it would almost certainly mean that the U.S. would have to get involved as well.  Here is more from Jake Novak of CNBC…

But if full blown war breaks out directly between the two countries, it’s hard to see the U.S. being able to sit it out without at least some form increased weapons support and other aid. Then it will be up to Iran’s possible allies, like Russia and China to make the next move.

If you are thinking that this sounds like the type of scenario that could cause World War III to erupt, you would be correct.

The Iranians and the Saudis both have weapons of mass destruction, and so a direct conflict between the two would seem to be unthinkable.

But rational thinking does not always prevail in the Middle East.  The conflict between Sunni Islam and Shia Islam has a long and bitter history, and the bad blood between the Saudis and the Iranians is never going to subside until one side or the other ultimately prevails.

Let us hope that a “hot war” between Saudi Arabia and Iran does not erupt any time soon, because such a war would not be good for the United States whatsoever.  Pretty much every scenario that you can imagine ends with enormous numbers of innocent people dead, and such a conflict could ultimately be the spark that sets off World War III.

Michael Snyder is a Republican candidate for Congress in Idaho’s First Congressional District, and you can learn how you can get involved in the campaign on his official website. His new book entitled “Living A Life That Really Matters” is available in paperback and for the Kindle on Amazon.com.

The post The Mainstream Media Is Talking About A Coming Middle East War That Could Involve Saudi Arabia, Iran, The U.S. And Israel appeared first on The Economic Collapse.

If you are tempted to think that I am exaggerating one bit, just consider what the New York Times is saying about this…

Saudi Arabia charged Monday that Iran had committed “a blatant act of military aggression” by providing its Yemeni allies with a missile fired at the Saudi capital over the weekend, raising the threat of a direct military clash between the two regional heavyweights.

The accusations represent a new peak in tensions between Saudi Arabia and Iran at a time when they are already fighting proxy wars in Yemen and Syria, as well as battles for political power in Iraq and Lebanon.

And Yahoo is reporting that the Saudis are saying that this missile attack “may amount to an act of war”…

On Monday, a Saudi-led military coalition battling Tehran-backed rebels in Yemen said it reserved the “right to respond” to the missile attack on Riyadh at the weekend, calling it a “blatant military aggression by the Iranian regime which may amount to an act of war”.

Saudi Foreign Minister Adel al-Jubeir also warned Tehran.

“Iranian interventions in the region are detrimental to the security of neighbouring countries and affect international peace and security. We will not allow any infringement on our national security,” Jubeir tweeted.

For those that have not grasped the implications of what I am saying yet, let me break this down very simply for you.

If Saudi Arabia and Iran go to war, the United States will be involved in that war on the side of the Saudis.

It would be a war unlike anything we have ever seen in the history of the Middle East, and it is almost a certainty that weapons of mass destruction would be used in such a war.

Essentially, what we are talking about is the potential for World War III to erupt in the Middle East.

And all of this comes at a time when the biggest “purge” in the modern history of Saudi Arabia is taking place…

A campaign of mass arrests of Saudi Arabian royals, ministers and businessmen expanded on Monday after a top entrepreneur was reportedly detained in the biggest anti-corruption purge of the kingdom’s affluent elite in its modern history.

The reported arrest of Nasser bin Aqeel al-Tayyar followed the detention of dozens of top Saudis including billionaire investor Prince Alwaleed bin Talal in a crackdown that the attorney general described as “phase one”.

The purge is the latest in a series of dramatic steps by Crown Prince Mohammed bin Salman to assert Saudi influence internationally and amass more power for himself at home.

Some would say that the Saudis are “cracking down on corruption”, while others would say that Crown Prince Mohammed bin Salman is “consolidating power” prior to going to war.

In any event, this situation deserves our full attention, because it could ultimately result in a major regional war in which the United States is directly involved.

Michael Snyder is a Republican candidate for Congress in Idaho’s First Congressional District, and you can learn how you can get involved in the campaign on his official website. His new book entitled “Living A Life That Really Matters” is available in paperback and for the Kindle on Amazon.com.

The post Is Saudi Arabia Heading For War With Iran? appeared first on The Economic Collapse.

I don’t know why this isn’t headline news all over the country, but it should be.  One of the few major media outlets that is reporting on this is the Wall Street Journal…

The government of this oil-rich but struggling country, looking for ways to circumvent U.S. sanctions, is telling oil traders that it will no longer receive or send payments in dollars, people familiar with the new policy have told The Wall Street Journal.

Before we go any further, we should discuss what we mean by the “petrodollar” for those that are not familiar with the concept.  The following comes from an excellent article by Christopher Doran…

In a nutshell, any country that wants to purchase oil from an oil producing country has to do so in U.S. dollars. This is a long standing agreement within all oil exporting nations, aka OPEC, the Organization of Petroleum Exporting Countries. The UK for example, cannot simply buy oil from Saudi Arabia by exchanging British pounds. Instead, the UK must exchange its pounds for U.S. dollars. The major exception at present is, of course, Iran.

This means that every country in the world that imports oil—which is the vast majority of the world’s nations—has to have immense quantities of dollars in reserve.

As will be explained below, the fact that virtually everyone around the world has to use our currency to buy oil is a massive advantage for us.  Venezuela knows this, and so in response to new sanctions being imposed upon them, they are hitting us where it hurts…

Oil traders who export Venezuelan crude or import oil products into the country have begun converting their invoices to euros.

The state oil company Petróleos de Venezuela SA, known as PdVSA, has told its private joint venture partners to open accounts in euros and to convert existing cash holdings into Europe’s main currency, said one project partner.

The new payment policy hasn’t been publicly announced, but Vice President Tareck El Aissami, who has been blacklisted by the U.S., said Friday, “To fight against the economic blockade there will be a basket of currencies to liberate us from the dollar.”

If more nations start to follow suit, it would be absolutely disastrous for the United States.

In other articles, I have detailed why the petrodollar is so incredibly important to our economy and our financial system.  The following is an extended excerpt from one of those previous articles…

So why is the petrodollar so important?

Well, it creates a tremendous amount of demand for the U.S. dollar all over the globe.  Since everyone has needed it to trade with one another, that has created an endless global appetite for the currency.  That has kept the value of the dollar artificially high, and it has enabled us to import trillions of dollars of super cheap products from other countries.  If other nations stopped using the dollar to trade with one another, the value of the dollar would plummet dramatically and we would have to pay much, much more for the trinkets that we buy at the dollar store and Wal-Mart.

In addition, since the U.S. dollar is essentially the de facto global currency, this has also increased demand for our debt.  Major exporting nations such as China and Saudi Arabia end up with giant piles of our dollars.  Instead of just letting them sit there and do nothing, those nations often reinvest their dollars into securities that can rapidly be changed back into dollars if needed.  One of the most popular ways to do this has been to invest those dollars in U.S. Treasuries.  This has driven down interest rates on U.S. debt over the years and has enabled the U.S. government to borrow trillions upon trillions of dollars for next to nothing.

But if the rest of the world starts moving away from the U.S. dollar, all of this could change.

History has shown that when the status of the petrodollar is threatened, the U.S. is swift to take action.

And it is very interesting to note that President Trump will be meeting with Latin American leaders next week, and the main topic for discussion will be “the Venezuela crisis”…

U.S. President Donald Trump has invited three Latin American leaders to dine with him next week in New York as he seeks to address the Venezuela crisis and build bridges with the region after an acrimonious start with neighbor Mexico.

The political and economic turmoil in Venezuela, source of 10 percent of the oil consumed by the United States, will almost certainly top the agenda when he receives the center-right presidents of Peru, Colombia and Brazil at Trump Tower on Monday evening, diplomats said.

Could this latest move by Venezuela be enough to potentially spark a military conflict?

The guys over at Zero Hedge seem to think so…

Having threatened China today with exclusion from SWIFT, we suspect Washington is rapidly running out of any great ally to sustain the petrodollar-driven hegemony (and implicitly its war machine). Cue the calls for a Venezuelan invasion in 3…2..1…!

It would be absolutely no surprise at all if John McCain and Lindsey Graham start appearing on the major news networks calling for war with Venezuela, but hopefully President Trump will not listen to such nonsense.

No matter how important the petrodollar is, there is absolutely no reason to go to war to protect it.

And if war talk does begin, the American people need to make their voices heard very, very loudly.  We have been in useless wars before, and we certainly do not need another one.

Michael Snyder is a Republican candidate for Congress in Idaho’s First Congressional District, and you can learn how you can get involved in the campaign on his official website. His new book entitled “Living A Life That Really Matters” is available in paperback and for the Kindle on Amazon.com.

The post Venezuela Has Officially Abandoned The Petrodollar – Does This Make War With Venezuela More Likely? appeared first on The Economic Collapse.

Earlier today, Barack Obama told reporters that ISIS is not “an existential threat to us” during a news conference down in Argentina.  You can see video of him making these remarks right here.  But at the same time, he is promising “to continue to go after” ISIS until they are “finally destroyed”…

The United States will “continue to go after ISIL aggressively until it’s removed from Syria and from Iraq and finally destroyed,” Obama said, using another name for ISIS.

“The world has to be united against terrorism,” Obama said, adding that “that’s a top priority of ours.” He added that “we can and we will” defeat terrorism.

So what precisely is Obama actually doing to pursue this “top priority”?

We are told that the U.S. military is bombing ISIS targets, but in all the months that this has been happening, U.S. aircraft never targeted the endless convoys of ISIS oil trucks that were transporting stolen oil into Turkey.  It has been estimated that ISIS sold 800 million dollars worth of oil in Turkey, and Obama knew about it the entire time.

Why didn’t Obama say anything about this or do anything to stop it?

When the Russians came in, they showed satellite evidence of what was happening to the entire world and they immediately began bombing those oil convoys into oblivion.

But why hadn’t the U.S. already done that?

Massive convoys of oil trucks that stretched as far as the eye could see would go back and forth over the Turkish border completely unmolested and Obama did nothing.

In fact, if the Russians had not come in and bombed the living daylights out of those convoys it would still be happening.

This should be the biggest Obama scandal of them all, and yet nobody is talking about it.  Sometimes I think that I must be going crazy because what Obama did was so obviously wrong and yet nobody wants to touch this.  For much more on all of this, please see my previous article entitled “The Biggest Obama Scandal? He Knows That Turkey Is Buying Oil From ISIS And He Is Doing Nothing To Stop It“.

In addition, Obama knows that both Saudi Arabia and Turkey continue to provide advanced weaponry to ISIS and the al-Nusra Front.

He also knows that ISIS fighters use Turkey as a home base, and that when they are injured fighting in Syria they hop back over the border where they are treated at hospitals inside Turkish territory.

But have you heard Obama say anything about these things?

Has he done anything to stop any of this from happening?

No.

The reason why Obama hasn’t done or said anything is because ISIS and the other radical jihadist groups were supposed to win in Syria.  Once they had overthrown Assad, then the U.S., the Saudis and the Turks were going to come in and set up a Sunni puppet government.  Of course Russian intervention has completely changed the game, and so now the Sunni militants are losing.  That is why Saudi Arabia and Turkey are in such a panic about what is going on in Syria right now.

And we are also learning that western intelligence agencies had advance knowledge of the attacks in Brussels.  The following comes from a Haaretz report…

The Belgian security services, as well as other Western intelligence agencies, had advance and precise intelligence warnings regarding the terrorist attacks in Belgium on Tuesday, Haaretz has learned.

The security services knew, with a high degree of certainty, that attacks were planned in the very near future for the airport and, apparently, for the subway as well.

Despite the advance warning, the intelligence and security preparedness in Brussels, where most of the European Union agencies are located, was limited in its scope and insufficient for the severity and immediacy of the alert.

So what are we to make of this?

Was this terror attack allowed to happen?

Could it be possible that someone out there helped make it happen?

Don’t get me wrong – I don’t want to minimize the threat of Islamic terror one bit.  I just wonder sometimes which side our government is actually on.

And ISIS is warning of more attacks in the near future.  In fact, they are telling us that what is coming “will be more devastating and bitter”…

Even if we were somehow able to completely wipe out ISIS, the threat of Islamic terror would be far from over.

All over the planet, radical Islam is on the rise.  These jihadists have a fanatical hatred for Christians and for Jews, and their ultimate goal is world conquest.

And an act of terror does not have to result in mass casualties.

Examples of what I am talking about are all over the place.  Earlier today, I came across a Christian Post article that talked about how two radical Muslims hacked a 68-year-old Christian convert to death with machetes in the nation of Bangladesh…

Unidentified attackers hacked a Christian convert to death this week in northern Bangladesh in the latest attack in the Muslim-majority country.

The incident occurred Tuesday morning in the northern city of Kurigram, where 68-year-old Hossain Ali was hacked to death by two assailants wielding machetes.

Tobarak Ullah, the police chief of Kurigram, told the AFP that the militants were able to carry out the heinous crime by using distractions and a getaway vehicle.

Many in the western world may dismiss a story like this because it was the death of only one man.

But what happens when these radical jihadists start getting their hands on bigger weapons?

Former president Ronald Reagan once made the following statement…

“I don’t think you can overstate the importance that the rise of Islamic fundamentalism will have to the rest of the world in the century ahead-especially if, as seems possible, its most fanatical elements get their hands on nuclear and chemical weapons and the means to deliver them against their enemies.”

The use of a single chemical, biological or nuclear weapon in a major western city would set off panic on a scale that would be unlike anything we have ever seen before.

Even something as basic as sarin gas could accomplish what I am talking about.  Sarin gas has been used in both Syria and Iraq in the past, and it is exceedingly deadly.  The following comes from the Huffington Post…

Inhaled or absorbed through the skin, the gas kills by crippling the respiratory center of the central nervous system and paralyzes the muscles around the lungs.

The combination results in death by suffocation, and sarin can contaminate food or water supplies, according to the US Centers for Disease Control and Prevention (CDC), which notes that antidotes exist.

“Sarin is 26 times more deadly than cyanide gas. Just a pinprick-sized droplet will kill a human,” according to the World Health Organization.

Of course there are other chemical weapons that are many, many times more lethal than sarin gas, and it is inevitable that terrorists will get their hands on biological and nuclear weapons at some point as well.

Yes, terror organizations such as ISIS most definitely do represent “an existential threat” to our way of life.

Unfortunately, we have a man in the White House that does not seem particularly inclined to protect us from this threat.

The post Super Soft On Islamic Terror: Obama Says That ISIS ‘Is Not An Existential Threat To Us’ appeared first on The Economic Collapse.

At times it is difficult to see the dividing line between the Turkish military and the radical jihadists that are hopping back and forth across the border with the full support of the Turkish government.  Over the weekend, militants from Turkey that crossed over into northern Syria were supported by artillery fire from the Turkish military as they attacked a key Kurdish town…

In the Raqqa province, a group of some 100 fighters crossed into Syria from Turkey. The group later joined forces with other militants and attacked the Kurdish town of Tell Abyad.

The 250-strong group was supported by artillery fire from the Turkish territory, a fact that Russia said the US should explain. The Kurdish YPG militia fended off the attack, the report said.

This is an act of war, and yet the Obama administration does not seem to mind.

If Turkey will not even honor the ceasefire, what hope is there that anything will be able to stop them from acting so aggressively?

At this point, the Turks are not even pretending anymore.  Just the other day, Turkey’s Prime Minister Ahmet Davutoglu openly admitted that his nation is backing the militants that are trying to overthrow the Assad regime…

“How would they be able to defend themselves if there was no Turkish support of the Syrian people? … If there’s today a real moderate Syrian opposition, it’s because of the Turkish support. If today the [Assad] regime isn’t able to control all the territories [it’s] because of Turkish and some other countries’ support,” he told Al-Jazeera earlier this week.

Obviously this ceasefire is not going to work.  Turkey has not even pressed pause in their relentless campaign against the Assad regime and the Kurds.

The Turkish government has become absolutely obsessed with their neighbor to the south, and that is a very dangerous thing for the rest of the planet.  The only way that Turkey, Saudi Arabia and their allies are going to be able to win the war now is to conduct a massive ground invasion of Syria.  Such a move would lead to direct conflict with Iran, Hezbollah and the Russians, and since Turkey is a member of the NATO alliance, that could threaten to drag the U.S. and western Europe into the war as well.  The following comes from the International Business Times…

The wider consequences of any disagreement between Ankara and Moscow could lead to a standoff between Russia and NATO. Jen Stoltenberg, secretary general of the Brussels-based organization, said in late 2015 that it would be prepared to defend the member state of Turkey if it were attacked by Russia.

“NATO will defend you, NATO is on the ground, NATO is ready,” Stoltenberg said in the aftermath of repeated breaches of Turkish airspace by Russian jets and just one month before Ankara shot down a Russian jet in November.

The 28-country alliance is bound by Article 5 of its treaty to collectively defend its members. “Collective defense means that an attack against one ally is considered as an attack against all allies,” the article states.

Saudi Arabia does not appear ready to back down either.

The Saudis continue to reiterate their position that either Assad must go peacefully or he will be removed by force…

Saudi Arabia is prepared to send troops to Syria if President Bashar Assad doesn’t resign and leave his war-torn nation peacefully. Saudi Foreign Minister Adel Al-Jubeir warned Sunday that his country will take military action if Syria violates the terms of a ceasefire agreement.

“I believe that abiding by the truce would be an important indicator of the seriousness to reach a peaceful solution to the Syrian crisis that would include setting up a transitional council and the transfer of power from Bashar to this council,” he said during a joint press conference with his Danish counterpart Kristian Jensen in the Saudi capital of Riyadh.

Al-Jubeir warned that Saudi Arabia has prepared a “Plan B.” If “the coalition decided to send ground troops into Syria, Saudi Arabia is ready to contribute,” he said.

The goal since 2011 has been to get rid of Assad so that Syria could become a full-fledged Sunni nation with a Sunni government.

Saudi Arabia, Turkey and their allies have poured enormous amounts of money and resources into this conflict, and they don’t appear to be willing to walk away now that the tide of the war has turned.  In fact, how the Saudis have been behaving lately has been causing a tremendous amount of anxiety in the Middle East…

Saudi Arabia’s recent actions have caused a great deal of anxiety within its region. On February 4, a military spokesman suggested that Saudi Arabia was ready to send troops ground troops to fight ISIS in Syria. A week later Saudi Arabia announced that it will send combat aircraft and soldiers to Turkey to participate in the U.S.-led coalition against ISIS.

Three days later the Saudis launched “Northern Thunder,” described as the “largest military exercise in the history of the Middle East.” Participants from 20 countries sent troops to the maneuvers run over three weeks in Hafar al Batin in northern Saudi Arabia, not far from the Iraqi and Kuwaiti border. According to a Saudi media outlet, some 350,000 troops were expected to participate in the maneuvers.

So if Saudi Arabia, Turkey and their allies are preparing for war, then what is the purpose of the ceasefire?

Well, first of all the goal was to stop the bleeding.  The Sunni militants were losing ground steadily, and this pause will enable them to regroup and get resupplied.

Secondly, this pause in the action gives “the coalition” time to move forces into position for a potential ground invasion of Syria.

But more than anything else, this ceasefire seems to be a trap.  It appears to be inevitable that the U.S. and other western powers will accuse Russia, Iran, Hezbollah and the Syrian government of breaking the ceasefire, thus providing “legal justification” for “the coalition” to militarily intervene.

Watch developments in Syria very closely.  Many had hoped that this ceasefire would bring the five year civil war to an end, but the truth is that it could just be setting the stage for something far, far bigger.

The post WW3: Fighters From Turkey Are Pouring Into Syria And Attacking Targets Despite The Ceasefire appeared first on The Economic Collapse.

Perhaps you didn’t know that the Saudis already have nukes.  Of course the official position is that they don’t, but it is a fact that they were the ones that funded the development of Pakistan’s nuclear program.  It is an open secret that the Saudis have the bomb, but nobody is really supposed to talk about it.

That is why it was so alarming what Saudi political analyst Dahham Al-‘Anzi told RT just recently…

Earlier this week a Saudi political analyst told RT’s Arab network the kingdom has a nuclear weapon.

Dahham Al-‘Anzi made the claim while saying Saudi Arabia is engaged in an effort to “minimize the Iranian threat in the Levant and Syria.”

Although Saudi Arabia has officially denied it has a nuclear weapons program and has publicly stated it opposes nuclear weapons in the Middle East, it has funded a military nuclear program and received scientific assistance from the United States and Pakistan.

You can watch video of this exchange right here…

If you don’t want to believe him, perhaps you will believe the former director of the CIA counter-terrorism operations center.  He told Fox Business that everyone in the intelligence world knows the Saudis have nukes…

If the fur started flying in Syria and Russia and Iran decided to start bombing Saudi airbases, would Saudi Arabia resort to using their nukes?

Let’s hope not.

In the event of a massive ground invasion by Saudi Arabia, Turkey and their allies, it is actually more likely that Russia may decide to be the first one to use nukes.  An invasion force of hundreds of thousands of troops would vastly outnumber the relatively small Russian force that is already inside Syria, and so the Russians may feel that the only way that they can keep the Sunni powers out of Damascus is to use tactical nukes.

Russia has more tactical nukes that anyone else in the world by far, and there are some reports that indicate that Russia may be prepared to use them in Syria.  For example, former Associated Press reporter Robert Parry, the author of America’s Stolen Narrative, says that a source has told him that the Russians have already warned Turkey that this could potentially happen…

If Turkey (with hundreds of thousands of troops massed near the Syrian border) and Saudi Arabia (with its sophisticated air force) follow through on threats and intervene militarily to save their rebel clients, who include Al Qaeda’s Nusra Front, from a powerful Russian-backed Syrian government offensive, then Russia will have to decide what to do to protect its 20,000 or so military personnel inside Syria.

A source close to Russian President Vladimir Putin told me that the Russians have warned Turkish President Recep Tayyip Erdogan that Moscow is prepared to use tactical nuclear weapons if necessary to save their troops in the face of a Turkish-Saudi onslaught. Since Turkey is a member of NATO, any such conflict could quickly escalate into a full-scale nuclear confrontation.

Given Erdogan’s megalomania or mental instability and the aggressiveness and inexperience of Saudi Prince Mohammad bin Salman (defense minister and son of King Salman), the only person who probably can stop a Turkish-Saudi invasion is President Obama. But I’m told that he has been unwilling to flatly prohibit such an intervention, though he has sought to calm Erdogan down and made clear that the U.S. military would not join the invasion.

Are you starting to understand how serious this is?

With all of the talk of a potential invasion in recent days, the Russians are on high alert and are rapidly preparing for a direct conflict with both Saudi Arabia and Turkey.  The following comes from Infowars…

Still, the Russians are taking no chances and they have put all their forces into high alert. They have very publicly dispatched a Tu-214r – her most advanced ISR (Intelligence Surveillance Reconnaissance) aircraft. You can think of the Tu-214R as an “AWACS for the ground”, the kind of aircraft you use to monitor a major ground battle (the regular Russian A-50Ms are already monitoring the Syrian airspace). In southern Russia, the Aerospace forces have organized large-scale exercises involving a large number of aircraft which would be used in a war against Turkey: SU-34s. The Airborne Forces are ready. The naval task forces off the Syrian coast is being augmented. The delivery of weapons has accelerated. The bottom line is simple and obvious: the Russians are not making any threats – they are preparing for war. In fact, by now they are ready.

In addition, it is important to remember that it is quite likely that the Iranians have nuclear weapons as well.

Of course the U.S. government and the Iranian government both insist that Iran does not have nukes, but many of those in the know insist otherwise.

For instance, you may want to consider what retired U.S. Army Major General Paul Vallely and U.S. Air Force Lt. Col. Dennis B. Haney are saying.  The following comes from an article that was authored by Jerome Corsi of WND…

In a joint statement, Vallely and Haney say an accumulation of available evidence shows a coalition of Russia, China and North Korea have assisted Iran since 1979 in achieving a nuclear weapon, despite sanctions, under the guise of a domestic nuclear energy program.

Vallely explained to WND that he and Haney have taken a systematic approach to evaluating each component needed to deliver a nuclear weapon, from the development and testing of a ballistic missile system, to the design of a nuclear weapons warhead, to the development of the weapons-grade uranium needed to produce a bomb.

“To come to our conclusion that Iran is a nuclear weapons power right now, we supplemented publicly available research, plus information from intelligence sources, including Iranian resistance groups such as the National Council of Resistance of IRAN, NCRI,” Vallely explained.

I happen to agree with Vallely and Haney.  I cannot prove it, but all of the intel that I have received indicates that Iran already has nukes.

Hopefully I will not be proven accurate any time soon.

It had been hoped that a cease-fire could be negotiated that would at least temporarily defuse tensions in Syria.  Unfortunately, it does not look like the shooting is going to stop, and this is going to put immense pressure on both Saudi Arabia and Turkey to do something to rescue the radical Sunni militants that are on the verge of defeat.  The Saudis, the Turks and their allies have poured enormous amounts of money and resources into this war over the past five years, and now they are faced with the choice of either accepting defeat or directly intervening in this conflict themselves.

But in order to conduct a full-fledged ground invasion, they are going to need justification for doing so.  There are some that are suggesting that we could soon see a false flag attack that would provide that justification, so that is something to watch out for.

I can’t remember a time when our planet has been so close to World War 3 potentially beginning.

And if it does break out, I believe that it is quite likely that nuclear weapons will be used.

So what do you think?

Do you agree with me?

Please feel free to share your thoughts by posting a comment below…

The post World War 3 Could Very Easily Turn Into The Very First Nuclear War In The Middle East appeared first on The Economic Collapse.

For the Saudis, their focus is on trying to convince everyone that Syrian President Bashar al-Assad is an extremely dangerous dictator that must be removed at all costs.  The following comes from the London Independent…

Syrian President Bashar al-Assad will be removed by force if the peace process fails, Saudi Arabia’s Foreign Minister has said.

“Bashar al-Assad will leave – have no doubt about it,” Saudi Arabia’s Foreign Minister Adel al-Jubeir told CNN. “He will either leave by a political process or he will be removed by force.”

Saudi Arabia has sent troops and fighter jets to a Turkish military base ahead of a possible ground invasion of Syria.

So precisely who will be doing the “removing” if force is necessary?

Are the Saudis ready to send in ground troops?

Apparently they are.  Just consider what Saudi Arabia’s Foreign Minister Adel al-Jubeir told CNN…

Saudi Foreign Minister Jubeir made clear that his country’s troops would not go it alone.

“I can tell you that there is some serious discussion going on with regards to looking at a ground component in Syria, because there has to be a possibility of taking and holding ground, that one cannot do from the air.”

“We are saying we will participate within the U.S.-led coalition, should this coalition decide to send ground troops into Syria, that we are prepared to send special forces with those troops.”

But if the Saudis try to take Damascus and remove Assad by force, the Syrians and their allies will certainly fight back.  That means that the Saudis will be fighting Hezbollah, the Iranians and the Russians.

Needless to say, Saudi Arabia is going to need a lot of help to do that.

So that may explain why Saudi Arabia has organized the largest “military exercise” in the history of the Middle East.  CNN finally reported on this gigantic gathering of military forces in northern Saudi Arabia earlier today…

Saudi Arabia launched a massive military exercise that will include troops from 20 nations, state media reported Monday.

The drill, dubbed North Thunder, involves Arab and Muslim countries, according to the Saudi Press Agency. It’s taking place in King Khalid Military City in northeastern Saudi Arabia.

The news agency did not provide much information on what the exercise entails but called it “the largest in the region’s history.” The agency said it will involve air, sea and land forces.

This is the list of nations that are reportedly participating in these “exercises” so far…

-Saudi Arabia

-Jordan

-Bahrain

-Senegal

-Oman

-Qatar

-United Arab Emirates

-Sudan

-Kuwait

-the Maldives

-Morocco

-Pakistan

-Chad

-Tunisia

-Comoro Islands

-Djibouti

-Malaysia

-Egypt

-Mauritania

-Mauritius

As I discussed yesterday, 350,000 soldiers, 20,000 tanks, 2,450 warplanes and 460 military helicopters are reportedly gathering for these “military exercises”.

To me, that seems to be a great deal of overkill if the goal is just “training”.

Here is more about these “exercises” from RT…

The Saudi state agency made the announcement on Sunday, adding that participating troops will begin arriving in “the next few hours.”

The oil-rich nation described the exercises as “the largest and most important” military drills in the region’s history.

The so-called “Northern Thunder” exercise will take place in the north of the country and will include air, sea and land forces. SPA said that it will show that Riyadh and its allies “stand united in confronting all challenges and preserving peace and stability in the region.”

So are these forces massing for a ground invasion of Syria?

We shall see.

In the end, we probably won’t have to wait too long before we find out the answer.

Meanwhile, Turkish officials continue to assert that they may have to establish a “safe zone” for refugees in northern Syria.  Since thousands of refugees are continually pouring their direction, they claim that they have no other choice but to go in and take control of the situation.

In fact, Turkey has already established several very large refugee camps on the Syrian side of the border…

Some 100,000 Syrian refugees are being looked after in camps inside Syria close to the Turkish border, including 35,000 who this month fled a Russian-backed regime offensive in northern Aleppo province, a top Turkish official said Friday.

Turkish Deputy Prime Minister Yalcin Akdogan, whose country has come under increasing pressure to open its border to people fleeing the violence, said the refugees were being accommodated in nine camps just across the border with Syria.

But make no mistake – this is not just about helping refugees.

The truth is that ISIS has been using Turkey as a home base for years, and hundreds of millions of dollars of ISIS oil has been shipped into Turkey where it has then been sold to the rest of the world.  Barack Obama knows about all of this, and yet he has refused to do anything to stop it.

At this point the cooperation between ISIS and Turkey has become so obvious that even CNN is admitting that ISIS militants are being resupplied from Turkey…

To the east of Aleppo, Kurdish forces are, with American support, eyeing the remaining ISIS strongholds along the Turkish border — Jarablus and Manbij. The U.S. wants ISIS out, to remove its access to resupply of materiel and fighters from Turkey.

Meanwhile, Turkey, America’s NATO ally that is engaged in a brutal but often unseen war with the Kurds’ allies in Turkey’s southeast, doesn’t want the Kurds to advance, and may stop at nothing to prevent that.

Fortunately, the Russian bombing campaign has pretty much put an end to the endless parade of ISIS oil trucks that were entering Turkey, and now the primary supply line to Sunni militants in the strategically important city of Aleppo is about to be cut off.

The corridor that runs through the city of Azaz is vitally important, and the Prime Minister of Turkey recently insisted that the Turkish government “will not allow Azaz to fall”…

Turkey shelled YPG positions for a third straight day on Monday to try to stop its fighters seizing Azaz, just 8 km from the border. Ankara fears the Kurdish militia, backed by Russia, is trying to secure the last stretch of around 100 km along the Syrian border not already under its control.

“We will not allow Azaz to fall,” Davutoglu told reporters on his plane on the way to Ukraine. “If they approach again they will see the harshest reaction,” he said.

Unfortunately for the Turkish government, it appears that Azaz is already slipping away from the militants.  The following was reported by an Iranian news source…

Ankara is likely to take action to counter the Syrian military and allied groups on choking up a supply link on which militants relied to get weapons and logistics.

Syrian troops and Lebanon’s Hezbollah fighters have retaken the town of Azaz, located to the northwest of Aleppo, prompting Saudi Arabia and Turkey to hint at deployment of ground forces to the region.

Asked if Ankara might act to reverse the gains, Turkish Prime Minister Ahmet Davutoglu (seen below) said on Friday, “Wait for the next few days and you will have the answer,” Turkish paper Hurriyet reported.

Wait for the next few days and you will have the answer?

That sounds rather ominous.

Like I said yesterday, I don’t think that I have ever seen a scenario which was more likely to lead to World War III than the one that we are watching play out right now.

Do Saudi Arabia and Turkey actually expect to waltz into Syria and start taking territory without a response from the Syrians, Hezbollah, the Iranians and the Russians?

And if fighting does break out, how is the United States possibly going to stay out of it?

The truth is that Saudi Arabia and Turkey would never invade Syria in the first place without the express approval of the Obama administration.

The next couple of weeks are key.  If we can get into early March without an invasion, by that time Saudi Arabia and Turkey may have missed their window.  The troops gathered for the massive military exercise in northern Saudi Arabia will start to go home, and by then the Sunni militants remaining in Aleppo will probably be pretty much completely defeated.

But will Saudi Arabia and Turkey really be willing to walk away after pouring so much time, effort and money into the conflict in Syria?  They had dreamed of turning Syria into a full-blown Sunni nation, and if they give up now Syria will end up being dominated by Iran and Hezbollah.  It will be a result that is far worse than if they never tried to overthrow Assad in the first place.

So my gut feeling is telling me that Saudi Arabia, Turkey and their Sunni allies are not done in Syria.  But their obsession with that country threatens to plunge us into World War III, and if that happens the consequences will be felt by every man, woman and child on the entire planet.

The post World War III Approaches: Saudi Arabia And Turkey Drop Hints That An Invasion Of Syria Is Imminent appeared first on The Economic Collapse.