DAILY BASKET – NEWS COMMENTARY
MARSAL COMMENTS: The European Union (EU) is discussing issuing a law that allows the immediate freezing of depositors’ money in banks that show weakness and sustain a run on them. Continue reading “Are European Banks too Risky?”
It is expected that demand for gas will rise, especially in the longer term. It is cleaner, more efficient and cheaper than oil. (The cost of heating an average American house is three times more expensive using oil rather than gas). Continue reading “Gas Wars?”
THE EBB AND FLOW OF POLITICS !
Conditions, circumstances and opportunities are continuously changing, and accordingly, political positions change.
For five years, Turkey was dead against Assad of Syria. In fact, it took the leading role in inflaming the Syrian, so-called, civil war and was the vanguard in calling and working for Syria’s Assad ouster.
Then a series of events took place. Turkey got carried away and shot a Russian fighter jet, Crippling Russian economic sanctions were placed on Turkey, the long established Turkish Kurdish ceasefire collapsed and a mini Turkish civil war commenced, the Turkish tourist industry all but collapsed, the Syrian army pulled back from the brink of defeat with Russian air power intervention, the EU reneged on all its promises to Turkey, The USA became uneasy about Turkish policies and made it obvious by supporting the Syrian Kurds to probably create their own state in northern Syria, ISIS began targeting Turkish cities, Turkey became isolated geopolitically and then, came the attempted Turkish military coup to oust the president, which was rumored to have been instigated and/or blessed by the American CIA. The last event was the “straw that broke the camel’s back” causing Turkey to change its policies dramatically. Continue reading “THE EBB AND FLOW OF POLITICS”