Daily Archive: September 4, 2018

Crashing Currency Chaos Spreads Across the Global South

The Iranian rial: crash. The Turkish lira: crash. The Argentine peso: crash. The Brazilian real: crash. There are multiple, complex, parallel vectors at play in this wilderness of crashing currencies. Turkey’s case is heavily influenced by the bubble of easy credit created by European banks. Argentina’s problem is mostly to do with the neoliberal austerity of President Mauricio Macri’s government...

The Syrian-Iranian Military Deal Strengthens Russia’s “Balancing” Strategy

No real details were publicly revealed about the new military deal that was clinched after the Iranian Defense Minister’s trip to Damascus but the Islamic Republic’s top military representative earlier told reporters that “No third party can affect the presence of Iranian advisers in Syria”, in what was clearly a response to aggressive American and Israeli demands that Tehran immediately...

Is a ‘Suez’ Event Being Prepared for Syria?

So, the metamorphosis is done. President Trump has finally, fully, shed his 2016 Campaign ‘skin’ of loosely imagining a grand foreign policy bargain that could be the foundation for “WORLD PEACE, nothing less!” as Trump tweeted when imposing sanctions on Iran. We wrote, on 3 August, quoting Prof Russell-Mead, that Trump’s ‘8 May metamorphosis’ (the US exit from JCPOA), constituted a step-change of direction: one that...

Who’s Who and What’s What in Iraq’s New Parliament

Iraq’s parliament by numbers  Iraq’s new parliament will meet to form a new government following the first national elections since the terror group Daesh occupied vast swaths of the country’s territory. After a lengthy manual re-count of votes, the major factions had the following number of parliamentary seats: –Saairun Alliance of Muqtada al-Sadr=54 seats –Fatah Alliance of Hadi Al-Amiri= 48 seats –Victory...