Debt Rattle December 11 2015
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John Vachon Billie Holiday at the Newport Jazz Festival Jul 1954 • Warning: Half Of Oil Junk Bonds Could Default (CNN) • Junk Fund’s Demise Fuels Conc
[See the full post at: Debt Rattle December 11 2015]The MSM is totally neglecting to tell us what is going on with the Saudi/Emirati attempt to take over Yemen and to impose their preferred “president”. The place is being bombed to hell. In retaliation the Yemenis (it is not just the “Houthis” by the way), have invaded parts of Saudi Arabia. They have occupied Saudi military bases in 3 Saudi provinces!
Frankly, it is amazing how this is not front-page news. The other end of Saudi Arabia is mostly shiite and they are treated like trash – although the oil is under their lands.
You have to go to the Iranians news agency to find out what is going on and here is a sample:
“Yemeni Missiles Rain down on Saudi Military Bases, Positions”
https://en.farsnews.com/newstext.aspx?nn=13940920000597The Saudi airforce has resorted to using cluster bombs on towns in Saudi Arabia – they have been doing that to Yemeni towns for 9 months.
“Yemeni Forces Destroy Another Saudi Warship”
https://en.farsnews.com/newstext.aspx?nn=13940920000306So far they have sunk 8 naval ships in the straits that lead into the Red Sea – a critical choke-point for maritime traffic. One of the ships they sank was the largest ship in the Egyptian navy – perhaps that is why the Egyptians are buying (with Saudi money?) the ships that the French would not deliver to the Russians.
Around 1/4 of the population of Saudi Arabia is of Yemeni-descent. These are tribal societies and they don’t think along nationalistic lines. I think that if people really knew what was going on, the stability of Saudi Arabia would be in doubt.
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