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Must read from Automatic Earth, “This currency that Greece is fighting so hard to be part of is in fact strangling it”

The numbers don’t lie and even the IMF admitted it three days ago, “Romania, Turkey, Poland, Sweden, Croatia – you name it, they’ve all posted vastly better growth rates than Greece. The data come from the IMF itself.”

Alex Christoforou

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Post originally appeared on Automatic Earth blog.

The IMF Debt Sustainability Analysis report on Greece that came out this week has caused a big stir. We now know that the Fund’s analysts confirm what Syriza has been saying ever since they came to power 5 months ago: Greece needs debt relief, lots of it, and fast.

We also know that Europe tried to silence the report. But what’s most interesting is that this has been going on for months, as per Reuters. Ergo, the IMF has known about the -preliminary- analysis for months, and kept silent, while at the same time ‘negotiating’ with Greece on austerity and bailouts.

And if you dig a bit deeper still, there’s no avoiding the fact that the IMF hasn’t merely known this for months, it’s known it for years. The Greek Parliamentary Debt Committee reported three weeks ago that it has in its possession an IMF document from 2010(!) that confirms the Fund knew even at that point in time.

That is to say, it already knew back then that the bailout executed in 2010 would push Greece even further into debt. Which is the exact opposite of what the bailout was supposed to do.

The 2010 bailout was the one that allowed private French, Dutch and German banks to transfer their liabilities to the Greek public sector, and indirectly to the entire eurozone‘s public sector. There was no debt restructuring in that deal.

Reuters yesterday reported that “Publication of the draft Debt Sustainability Analysis laid bare a dispute between Brussels and [the IMF] that has been simmering behind closed doors for months..

But that’s not the whole story. Evidently, there was a major dispute inside the IMF as well. The decision to release the report was apparently taken without even a vote, because it was obvious the Fund’s board members wanted the release. The US played a substantial role in that decision. Why the timing? Hard to tell.

The big question that arises from this is: what has been Christine Lagarde’s role in this charade? If she has been instrumental is keeping the analysis under wraps, she has done the IMF a lot of reputational damage, and it’s getting hard to see how she could possibly stay on as IMF chief. She has seen to it that the Fund has lost an immense amount of trust in the world. And without trust, the IMF is useless.

And while we’re at it, ECB chief Mario Draghi, who is also a major Troika negotiator, made a huge mistake this week in -all but- shutting down the Greek banking system, a decision that remains hard to believe to this day. The function of a central bank is to make sure banks are liquid, not to consciously and willingly strangle them.

How Draghi, after this, could stay on as ECB head is as hard to see as it is to do that for Lagarde’s position. And we should also question the actions and motives of people like Jean-Claude Juncker and Jeroen Dijsselbloem.

They must also have known about the IMF’s assessment, and still have insisted there be no debt relief on the negotiating table, although the analysis says there cannot be a viable deal without it.

One can only imagine Varoufakis’ frustration at finding the door shut in his face every single time he has brought up the subject. Because you don’t really need an IMF analysis to see what’s obvious.

Which is exactly why there is a referendum tomorrow: Alexis Tsipras refused to sign a deal that did not include debt restructuring. It would be comedy if it weren’t so tragic, most of all for the people of Greece. Here’s from Reuters yesterday:

Europeans Tried To Block IMF Debt Report On Greece

Euro zone countries tried in vain to stop the IMF publishing a gloomy analysis of Greece’s debt burden which the leftist government says vindicates its call to voters to reject bailout terms, sources familiar with the situation said on Friday. The document released in Washington on Thursday said Greece’s public finances will not be sustainable without substantial debt relief, possibly including write-offs by European partners of loans guaranteed by taxpayers. It also said Greece will need at least €50 billion in additional aid over the next three years to keep itself afloat. Publication of the draft Debt Sustainability Analysis laid bare a dispute between Brussels and the IMF that has been simmering behind closed doors for months.

Greek Prime Minister Alexis Tsipras cited the report in a televised appeal to voters on Friday to say ‘No’ to the proposed austerity terms, which have anyway expired since talks broke down and Athens defaulted on an IMF loan this week. It was not clear whether an arcane IMF document would influence a cliffhanger poll in which Greece’s future in the euro zone is at stake with banks closed, cash withdrawals rationed and commerce seizing up. “Yesterday an event of major political importance happened,” Tsipras said. “The IMF published a report on Greece’s economy which is a great vindication for the Greek government as it confirms the obvious – that Greek debt is not sustainable.”

At a meeting on the IMF’s board on Wednesday, European members questioned the timing of the report which IMF management proposed at short notice releasing three days before Sunday’s crucial referendum that may determine the country’s future in the euro zone, the sources said. There was no vote but the Europeans were heavily outnumbered and the United States, the strongest voice in the IMF, was in favor of publication, the sources said.

The reason why all Troika negotiators should face very serious scrutiny is that they have willingly kept information behind that should have been crucial in any negotiation with Greece. The reason is obvious: it would have cost Europe’s taxpayers many billions of euros.

But that should never be a reason to cheat and lie. Because once you do that, you’re tarnished for life. So in an even slightly ideal world, they should all resign. Everybody who’s been at that table for the Troika side.

And I can’t see how Angela Merkel would escape the hatchet either. She, too, must have known what the IMF analysts knew. And decided to waterboard the Greek population rather than be forced to explain at home that her earlier decisions (2010) failed so dramatically that her voters would now have to pay the price for them. No, Angela likes to be in power. More than she likes for the Greeks to have proper healthcare.

Understandable, perhaps, but unforgivable as well. Someone should take this entire circus of liars and cheaters and schemers to court. They’re very close to killing the entire EU with their machinations. Not that I mind, the sooner it dies the better, but the people involved should still be held accountable. It’s not even the EU itself which is at fault, or which is a bad idea, it’s these people.

But fear not, there’s no tragedy that doesn’t also have a humorous side. And I don’t mean that to take anything away from the Greek people’s suffering.

Brett Arends at MarketWatch wrote a great analysis of his own, and get this, also based on IMF numbers. Turns out, the biggest mistake for Greece and Syriza is to want to stay inside the eurozone. The euro has been such a financial and economic disaster, it’s hard to fathom that nobody has pointed this out before. Stay inside, and there’s no way you can win.

I find this a hilarious read in face of what I see going on here in Greece. It makes everything even more tragic.

Stop Lying To The Greeks — Life Without The Euro Is Great

Will the euro-fanatics please stop lying to the people of Greece? And while they’re at it, will they please stop lying to the rest of us as well? Can they stop pretending that life outside the euro — for the Greeks or any other European country — would be a fate worse than death? Can they stop claiming that if the Greeks go back to the drachma, they will be condemned to a miserable existence on the dark backwaters of European life, a small, forgotten and isolated country with no factories, no inward investment and no hope? Those dishonest threats are being leveled this week at the people of Greece, as they gear up for the weekend’s big referendum on more austerity.

The bully boys of Brussels, Frankfurt and elsewhere are warning the Greek people that if they don’t do as they’re told, and submit to yet more economic leeches, they may end up outside the euro … at which point, of course, life would stop. Bah.

Take a look at the chart. It compares the economic performance of Greece inside the euro with European rivals that don’t use the euro. Those other countries cover a wide range of situations, of course – from rich and stable Denmark, to former Soviet Union countries, to Greece’s neighbor Turkey, which isn’t even in the EU. But they all have one thing in common.

NationsOutsideEuro600

During the past 15 years, while Greece has been enjoying the “benefits” of having Brussels run their monetary policies, those poor suckers have all been stuck running their own affairs and managing their own currencies (if you can imagine). And you can see just how badly they’ve suffered as a result.

They’ve crushed it. Romania, Turkey, Poland, Sweden, Croatia — you name it, they’ve all posted vastly better growth rates than Greece. The data come from the IMF itself. It measures growth in gross domestic product, per person, in constant prices (in other words, with price inflation stripped out). Greece adopted the euro in 2001.

And after 14 years in the same club as the big boys, they are back right where they started. Real per-person economic growth over that time: Zero. Meanwhile Romania, with the leu, has only … er … doubled. Everyone else is up. The Icelanders, who suffered the worst financial catastrophe on the planet in 2008, have nonetheless managed to grow.

Yes, all data points have caveats. Each country has its own story and its own advantages and disadvantages. But the overall picture is clear: The euro has either caused Greece’s disastrous economic performance, or at least failed to prevent it.

What I find amazing about the euro-fanatics is that they just don’t seem to care about facts at all. They carry on repeating the same claims about the alleged miracle cure of their currency, no matter what happens. You can hit them over the head with the latest IMF World Economic Outlook and they carry on droning, unfazed.

I was in England during the 1990s when those people were warning that if the Brits didn’t give up the pound sterling and join the euro, they were doomed as well. For a laugh, I just went through news archives on Factiva and refreshed my memory.

Britain without the euro would be an “orphan country,” petted, humored but ignored, warned one leading figure. Britain would lose all influence and status. It would become a marginal country outside the mainstream of Europe. It would lose “a million jobs.” Factories would close. The car industry would collapse. Foreign investors would walk away because of Britain’s isolation.

Exports would plummet because of exchange-rate fluctuations. The City of London, Britain’s financial district, would lose out to Frankfurt. The London Stock Exchange would be reduced to a local backwater. Tumbleweeds would blow in the streets. (OK, I made that one up.)

And here we are today. Since 1992, when the single currency project began taxiing for takeoff, the countries on board have seen total economic growth of 40%, says the IMF. Poor old Great Britain, stuck back at the departure lounge with its miserable pound sterling? Just 67%. Bah.

This currency that Greece is fighting so hard to be part of is in fact strangling it. The reason for this lies in the structure of the EMU. Which makes it impossible for individual countries to adapt to changing circumstances. And circumstances always change. As a country, you need flexibility, you need to be able to adapt to world events.

You need to be able to devalue, you need a central bank to be your lender of last resort. Mario Draghi has refused to be Greece’s lender of last resort. That can’t be, that’s impossible. there is no valid economic reason for such an action, it’s criminal behavior. But the eurozone structure allows for such behavior.

In ‘real life’, where a country has its own central bank, the only reason for it to refuse to be lender of last resort would be political. And it is the same thing here. It’s about power. That’s why Greece’s grandmas can’t get to their meagre pensions. There is no economic reason for that.

In the eurozone, there’s only one nation that counts in the end: Germany. The eurozone has effectively made it possible for Angela Merkel to save her domestic banks from losses by unloading them upon the Greeks. This would not have been possible had Greece not been a member of the eurozone.

That this took, and still takes, scheming and cheating, is obvious. But that is at the same time the reason why either all Troika negotiators must be replaced, and by people who don’t stoop to these levels, or, and I think that’s the much wiser move, countries should leave the eurozone.

Look, it’s simple, the euro is finished. It won’t survive the unmitigated scandal that Greece has become. Greece is not the victim of its own profligacy, it’s the victim of a structure that makes it possible to unload the losses of the big countries’ failing financial systems onto the shoulders of the smaller. There’s no way Greece could win.

The damned lies and liars and statistics that come with all this are merely the cherry on the euro cake. It’s done. Stick a fork in it.

The smaller, poorer, countries in the eurozone need to get out while they can, and as fast as they can, or they will find themselves saddled with ever more losses of the richer nations as the euro falls apart. The structure guarantees it.

References:

http://www.theautomaticearth.com/2015/07/this-is-why-the-euro-is-finished/

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Beijing Threatens “Severe” Retaliation Against Canada If Huawei CFO Is Not Released

China’s warning marks an escalation in Beijing’s rhetoric as investors worry that the arrest could cause the shaky trade detente between the US and China to devolve into acrimony.

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Via Zerohedge


Canada’s extraordinary arrest one week ago of Huawei CFO Meng Wanzhou, the daughter of Huawei founder and billionaire executive Ren Zhengfei, and its decision to charge her with “multiple” counts of fraud – a preamble to her likely extradition to the US to face charges of knowingly violating US and EU sanctions on Iran – has elicited widespread anger in Beijing, which declared Meng’s detention a “violation of human rights” during a bail hearing for the jailed executive on Friday.

That anger has apparently only intensified after the hearing adjourned without a decision (it will resume on Monday, allowing Meng’s defense team to argue for why she should be released on bail, contrary to the wishes of government attorneys who are prosecuting the case).

And with Canada insisting that it will prosecute Meng to the full extent of the law over allegations that she mislead banks about the true relationship of a Huawei subsidiary called Skycom, angry Chinese officials have decided to issue an ultimatum directly to the Canadian ambassador, who was summoned to a meeting in Beijing on Saturday and told in no uncertain terms that Canada will face “severe consequences” if Meng isn’t released, according to the Wall Street Journal.

China’s foreign ministry publicized the warning in a statement (though Canadian officials have yet to comment):

Chinese Vice Foreign Minister Le Yucheng summoned Canada’s ambassador to Beijing, John McCallum, on Saturday to deliver the warning, according to a statement from the Chinese Foreign Ministry.

The statement doesn’t mention the name of Huawei’s chief financial officer, Meng Wanzhou, though it refers to a Huawei “principal” taken into custody at U.S. request while changing planes in Vancouver, as was Ms. Meng. The statement accuses Canada of “severely violating the legal, legitimate rights of a Chinese citizen” and demands the person’s release.

“Otherwise there will be severe consequences, and Canada must bear the full responsibility,” said the statement, which was posted online late Saturday.

Phone calls to the Canadian Embassy rang unanswered while the Canadian government’s global affairs media office didn’t immediately respond to an email request for comment.

The warning marks an escalation in Beijing’s rhetoric as investors worry that the arrest could cause the shaky trade detente between the US and China to devolve into acrimony. A federal judge issued a warrant for Meng’s arrest back in August. Though after she was made aware of the warrant, Meng avoided travel to the US. She was arrested in Vancouver last Saturday while traveling to Mexico.

Aside from breaking off trade talks, some are worried that Beijing could seek to retaliate in kind by arresting a notable US executive. While the threats of Chinese bureaucrats might not amount to much in the eyes of US prosecutors, threatening a US executive with long-term detention in a Chinese “reeducation camp” just might.

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The trials of Julian Assange

Eresh Omar Jamal interviews Italian journalist Stefania Maurizi in relation to the situation of Julian Assange.

The Duran

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Authored by Eresh Omar Jamal for The Daily Star (Bangladesh):


Stefania Maurizi is an investigative journalist working for the Italian daily La Repubblica. She has worked on all WikiLeaks releases of secret documents and partnered with Glenn Greenwald to reveal the Snowden Files about Italy. She has authored two books—Dossier WikiLeaks: Segreti Italiani and Una Bomba, Dieci Storie. In an exclusive interview with Eresh Omar Jamal of The Daily Star, Maurizi talks about the continued arbitrary detention of Julian Assange, why powerful governments see WikiLeaks as an existential threat, and the implications for global press freedom if Assange is prosecuted for publishing secret government documents.

You recently had the chance to visit Julian Assange at the Ecuadorian Embassy in London. When was this and can you describe the state he is in?

I was able to visit him on November 19, after 8 months of failed attempts, because last March the Ecuadorian authorities cut off all his social and professional contacts, with the exception of his lawyers, and in the preceding 8 months, I had asked for permission to visit him nine times without success—the Ecuadorian authorities didn’t reply at all to my requests.

When I was finally granted permission to visit the WikiLeaks founder at the Ecuadorian embassy in London last November, I was literally shocked to see the huge impact his isolation has had on his health. Because I have worked as a media partner with him and his organisation, WikiLeaks, for the last nine years, I have met him many times and can tell when there are any changes in his body and mind. I wondered how his mind could keep working; but after talking to him in the embassy for two hours, I have no doubt that his mind is working fine. I still wonder how that’s possible after six and a half years of detention without even one hour of being outdoors. I would have had a physical and mental breakdown after just 6 months, not after 6 years.

Detention and isolation are killing him slowly, and no one is doing anything to stop it. The media reports, the commentators comment, but at the end of the day, he is still there; having spent the last six and a half years confined to a tiny building with no access to sunlight or to proper medical treatment. And this is happening in London, in the heart of Europe. He is not sitting in an embassy in Pyongyang. It is truly tragic and completely unacceptable. And I’m simply appalled at the way the UK authorities have contributed to his arbitrary detention, and have opposed any solution to this intractable legal and diplomatic quagmire.

Having bravely defended Assange for years, the Ecuadorian government in late March cut off almost all his communications with the outside world. What prompted this turnabout and what is its purpose?

Politics has completely changed in Ecuador, and more in general, in Latin America, since 2012, when Ecuador granted Julian Assange asylum. I have never had any interviews with the current Ecuadorian President, Mr Lenin Moreno, but based on his public declarations, it’s rather obvious to me that he does not approve of what Julian Assange and WikiLeaks do.

With all his problems, Rafael Correa (former president of Ecuador) protected Assange from the very beginning, whereas Lenin Moreno considers him a liability. Moreno is under pressure from the right-wing politicians in Ecuador, and also from very powerful governments, like the US and UK governments, who will leave no stones unturned to jail Assange and destroy WikiLeaks. I am not sure how long Lenin Moreno will hold out against this immense pressure, provided that he wants to hold out at all.

Assange was vindicated not so long ago as to why he cannot leave the embassy when the US Department of Justice “accidentally” revealed in November that the founder of WikiLeaks had been secretly charged in the US. What do you think those charges are for?

It’s hard to say unless the charges get declassified and I really appreciate how the US organisation, Reporters Committee for Freedom of the Press, is fighting before the court in the Eastern District of Virginia, US, to have the charges declassified.

There is no doubt whatsoever that the US authorities have always wanted to charge him for WikiLeaks’ publications. They have wanted to do so from the very beginning, since 2010, when WikiLeaks released its bombshell publications like the US diplomatic cables.

But the US authorities have been unable to do so due to the fact that WikiLeaks’ publication activities enjoy constitutional protection thanks to the First Amendment. So it will be very interesting to see how they will get around this constitutional protection in order to be able to charge him and other WikiLeaks journalists and put them all in jail.

Why have some of the most powerful governments and intelligence agencies invested so much resources to attack Assange and WikiLeaks?

You have to realise what it meant for the US national security complex to witness the publication of 76,000 secret documents about the war in Afghanistan, and then another 390,000 secret reports about the war in Iraq; followed by 251,287 US diplomatic cables and 779 secret files on the Guantanamo detainees; and to watch WikiLeaks save Edward Snowden, while the US was trying everything it could do, to show the world that there is no way of exposing the NSA’s secrets and keep your head attached to your neck having done so.

You have to realise what this means in an environment like that of the US, where even the most brilliant national security reporters didn’t dare to publish the name of the head of the CIA Counterterrorism Center, Michael D’Andrea, even though his name and the abuses committed by his centre were open secrets within their inner circles. Although the New York Times finally did, later on. But this was and still is the reality in the US, and even though it may not be as bad in the UK, it’s still quite bad. Look at what happened with the arrest of Glenn Greenwald’s husband, David Miranda, at the Heathrow Airport during the publication of the Snowden Files. Look at what happened with The Guardian being forced to destroy its hard drives during the publication of those files.

There are different levels of power in our societies and generally in our western democracies, criticism against the low, medium and high levels of power via journalistic activities is tolerated. Journalists may get hit with libel cases, have troubles with their careers; however, exposing those levels is permitted. The problem is when journalists and media organisations touch the highest levels, the levels where states and intelligence agencies operate.

WikiLeaks is a media organisation that has published secret documents about these entities for years, and Julian Assange and his staff have done this consistently, not occasionally like all the other media organisations do. You can imagine the anger these powerful entities have towards WikiLeaks—they perceive WikiLeaks as an existential threat and they want to set an example that says, “Don’t you dare expose our secrets and crimes, because if you do, we will smash you.”

If Assange is prosecuted, what impact might it have on other publishers and journalists and on press freedom globally?

It will have a huge impact and that is why organisations like the American Civil Liberties Union are speaking out. Never before in the US has an editor and media organisation ended up in jail for publishing information in the public interest. If Julian Assange and the WikiLeaks’ staff end up in jail, it will be the first time in US history and will set a devastating precedent for attack on press freedom in the US, but actually, not only in the US. Because if a country like the US, in which the activities of the press enjoy constitutional protection, treats journalists this way, you can imagine how other countries where the press doesn’t enjoy such strong protection will react. It will send a clear message to them: “Your hands are free.”

At the end of the day, I think there are two sides to this Assange and WikiLeaks saga: the US-UK national security complex, but more in general, I would say, the people within the national security complex, who want to destroy Julian Assange and WikiLeaks to send a clear message to journalists: “Don’t mess with us if you don’t want your lives to be destroyed.” While on the other side, there are the freedom of the press guys, meaning journalists like me, who want to demonstrate the exact opposite: that we can expose power at the highest levels, we can expose the darkest corners of governments and come out alive and well. And actually, we must do this, because real power is invisible and hides in the darkest corners.

Eresh Omar Jamal is a journalist for The Daily Star (Bangladesh). You can find him on Twitter: @EreshOmarJamal and Stefania Maurizi: @SMaurizi

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Diplomacy a Waste of Time with Washington

Trump’s JCPOA pullout and threatened INF Treaty withdrawal show Washington can never be trusted.

The Duran

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Authored by Stephen Lendman:


The US is a serial lawbreaker, operating by its own rules, no others.

Time and again, it flagrantly breaches international treaties, Security Council resolutions, and other rule of law principles, including its own Constitution.

Diplomacy with Republicans and undemocratic Dems is an exercise in futility.

Trump’s JCPOA pullout and threatened INF Treaty withdrawal show Washington can never be trusted.

Russian Foreign Ministry spokeswoman Maria Zakharova’s proposed US outreach to discuss INF Treaty bilateral differences is well intended – despite knowing nothing is accomplished when talks with Washington are held, so why bother.

It’s just a matter of time before the US breaches another promise. They’re hollow when made. Kremlin good intentions aren’t enough to overcome US duplicity and implacable hostility toward Russia.

“We are ready to continue the dialogue in appropriate formats on the entire range of problems related to this document on the basis of professionalism and mutual respect, without putting forward unsubstantiated accusations and ultimatums. Our proposals are well known and remain on the negotiating table,” said Zakharova, adding:

“We have admitted (US) documents for further consideration. This text again includes accusations in the form of unfounded and unsubstantiated information about Russia’s alleged violations of this deal.

Comments to Washington like the above and similar remarks are like talking to a wall. The US demands all countries bend to its will, offering nothing in return but betrayal – especially in dealings with Russia, China, Iran, and other sovereign independent governments it seeks to replace with pro-Western puppet ones.

Not a shred of evidence suggests Russia violated its INF Treaty obligations. The accusation is baseless like all others against the Kremlin.

“No one has officially or by any other means handed over to Russia any files or facts, confirming that Russia breaches or does not comply with this deal,” Zakharova stressed, adding:

“We again confirm our consistent position that the INF Treaty is one of the key pillars of strategic stability and international security.”

It’s why the Trump regime intends abolishing it by pulling out. Strategic stability and international security defeat its agenda. Endless wars and chaos serve it.

The US, UK, France, Israel, and their imperial partners get away with repeated international law breaches because the EU, UN, and rest of the world community lack backbone enough to challenge them.

It’s how it is no matter how egregious their actions, notably their endless wars of aggression, supporting the world’s worst tinpot pot despots, and failing to back the rights of persecuted Palestinians and other long-suffering people.

The only language Republicans and Dems understand is toughness. Putin pretends a Russian/US partnership exists to his discredit – a show of weakness, not strength and responsible leadership.

In response to the Trump regime’s intention to withdraw from the INF Treaty, he said Russia will “react accordingly” – precisely what, he didn’t say.

A few suggestions, Mr. President.

  • Recall your ambassador to Washington. Expel the Trump regime’s envoy from Moscow and other key embassy personnel.
  • Arrest US spies in Russia you long ago identified. Imprison them until the US releases all Russian political prisoners. Agree to swap US detainees for all of them, no exceptions.
  • Install enough S-400 air defense systems to cover all Syrian airspace. Warn Washington, Britain, France and Israel that their aircraft, missiles and other aerial activities in its airspace will be destroyed in flight unless permission from Damascus is gotten – clearly not forthcoming.
  • Publicly and repeatedly accuse the above countries of supporting the scourge of ISIS and likeminded terrorists they pretend to oppose.
  • Warn them in no uncertain terms that their aggression against the Syrian Arab Republic no longer will be tolerated. Tell them the same goes if they dare attack Iran.
  • Stop pretending Mohammad bin Salman didn’t order Jamal Khashoggi’s murder, along with ignoring the kingdom’s horrendous human rights abuses domestically and abroad – including support for ISIS and other terrorists.
  • Put observance of rule of law principles and honor above dirty business as usual with the kingdom and other despotic regimes for profits.
  • Do the right things at all times and damn the short-term consequences – including toughness on Washington, the UK, Israel, and their imperial partners in high crimes of war and against humanity.

VISIT MY NEW WEB SITE: stephenlendman.org (Home – Stephen Lendman). Contact at [email protected].

My newest book as editor and contributor is titled “Flashpoint in Ukraine: How the US Drive for Hegemony Risks WW III.”

www.claritypress.com/LendmanIII.html

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