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Saudi Authorities Panic - Ban Speculation On Riyal Devaluation Amid Banking Crisis

Saudi Authorities Panic - Ban Speculation On Riyal Devaluation Amid Banking Crisis

With Saudi Riyal forwards plunging back above 3.81, dramatically weaker than the current peg, Bloomberg reports that Saudi authorities are cracking down on currency traders as speculation mounts that the world’s biggest oil exporter won’t be able to maintain the riyal’s peg to the dollar as revenue plunges.

For The First Time Since The Iraq War, US Launches Airstrikes From The Mediterranean

For The First Time Since The Iraq War, US Launches Airstrikes From The Mediterranean

The US aircraft carrier CVN-65, the USS Harry Truman, has begun striking at various Islamic State targets from the Mediterranean Sea on Friday. This is the first time a carrier group has launched airstrikes from the area since the 2003 invasion in Iraq. According to a statement by the US Naval Forces Europe-Africa, fighter jets conducted combat sorties from the aircraft carrier in support of Operation Inherent Resolve on Friday after transiting the Suez Canal the day before. 

Obama Legitimizes the Drone Wars

Cities reduced to rubble, schools and hospitals leveled, prisoners tortured and executed, car bombs exploding. Long lines of refugees, their homes in ruins, stumbling along a road to nowhere with their few remaining possessions carried on their backs. Graphic photos and videos from the Middle East, Asia, and Africa continue to show the downside of the “New World Order,” the global system operating under American direction envisioned by President George H.W. Bush in 1991.

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