Jordan’s King Abdullah has said that he believes Turkey is responsible for deliberately orchestrating the recent terrorist events in Europe, saying that Erdogan perpetuated Sunni extremism and sent ISIS militants to Europe. The King also accused Israel of allowing al-Nusra to operate on its borders to counter Hezbollah.
Submitted by John Rubino via DollarCollapse.com,
Talk about diminished expectations. Friday morning’s estimate of 1.4% Q4 GDP growth is being hailed as a pleasant surprise. Which is odd, considering that for most of the past century a number this low would have been seen as weak enough to require emergency action.
The world will soon be facing a tsunami of defaults on bad debts. This will include municipal or local government defaults, governments “defaulting” on promises they’ve made to the people (Social Security, Medicaid), a default on the social contract between society and politicians such as the one in Cyprus (a default on the notions of private property and Democracy), stealth defaults on debts in the form of inflation and finally, of course, outright sovereign defaults.
The sovereign defaults will come last; all other options will be tried first.
When assessing candidates for elected office, foreign policy is perhaps the single most important consideration in an increasingly interconnected world.
Turkish President Erdogan has bragged about sending one of the terrorist bombers to Belgium, blaming authorities in Europe for failing to realise he was dangerous. Bakraoui was arrested in Turkey in 2015 and upon realising that he was a terrorist, rather than jail him as Erdogan does with journalists and personal detractors, the Turkish leader chose to send him to Belgium instead.