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.
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.
If you read nothing else this weekend, make it this comment from a previous thread, by Edward Hamilton, who teaches at a small conservative Christian college in Texas:
“Technology has consequences for epistemology.”
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.
Submitted by Michael Shedlock via MishTalk.com,
British citizens seeking yet another reason to vote Brexit, have one in spades.
The roots of this reason go back to last year when European Commission president Jean Claude Juncker hatched a 3-year plan to leverage €20 billion in seed capital to produce a €300 billion gain in Eurozone investment.
As one might expected, the results are nonexistent even though Juncker has already used up the €20 billion in seed capital.