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The countdown to the June 5 IMF payment is about to go under two weeks and if there’s one thing that Greece and the IMF agree on, it’s that Athens can’t make that payment unless creditors disburse the last tranche of aid from the country’s current bailout program. European officials have done an admirable job of making life miserable for Syriza since the democratically elected government took over in January, as the “institutions” (and Germany) are keen on sending the following unequivocal message to any other leftist radicals who may be thinking about using the "one move and the idea of EMU indissolubility gets it" routine as a way to negotiate for breathing room on austerity pledges: you will get exactly nowhere and will have a very unpleasant time on the way
Zerohedge
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Over the weekend, a major shift in the balance of power in Iraq took place when Islamic State forces seized the key Iraqi state of Ramadi after militants detonated a series of car bomb blasts, which forced Iraqi security forces and tribal fighters to retreat to the citys east, they said. The location of Ramadi is shown in the below ISW map
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In early May, the Economist has published an editorial on gold, ominously entitled “Buried”. We wanted to comment on it earlier already, but never seemed to get around to it. It is still worth doing so for a number of reasons
Zerohedge
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Before, I write anything else, I would first call on you not to turn this into another “it’s not Macedonia – it’s FRYOM” thing. This feud about a name should be the last of your worries now, whether you are a Greek or Macedonian. So, everybody calm down. I’m just used to name Macedonia and I have no personal opinion on that issue
The Saker
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All the chaos that’s been unleashed in Eurasia can be attributed to the existential battle between the Exceptionalists and the Integrationalists, represented respectively by the unipolar and multipolar worlds. A lot has lately been written about the emerging triangle of defensive and incorporative interests between Russia, China, and Iran, yet not much has been published about the offensive alliance between American Exceptionalism, Zionism, and Wahhabism, the three ideologies dedicated to dividing the diverse multipolar forces in Eurasia and perpetuating unipolar dominance. The aim of the piece is not at all to demonize the identities mistakenly caught up in blanket association with these ideologies (Westerners, Jews, Muslims), but rather to illustrate how the most extreme strains of thought tangentially associated with them have become the most destabilizing forces in Eurasia, and how the ‘unholy alliance’ between these three has emerged as the primary driver of conflict in the supercontinent
Andrew Korybko
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In case you forgot, Greece is on the brink of insolvency and without an agreement with creditors in the very near future, will default on its obligations to either the IMF, the ECB, its own citizens, or all of the above. The most pressing concern is a ˆ750 million payment due to the IMF on Tuesday, a payment Greek FinMin Yanis Varoufakis says Athens will make, although it doesn’t seem as though anyone has a clear idea about exactly where the money will come from
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As most of you already know, the Chinese Navy has sent warships into the Black Sea. They are headed for the Russian naval base at Novorossiysk
The Saker
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In a tiny corner of Eastern Europe, a fledgling Republic struggling with the day-to-day hurdles of warfare and shaky ceasefires, has succeeded in doing what has long been overdue in the most powerful nation on the face of the earth – it has nationalized its out-of-control banks and put them to use for the good of the people
Brandon Turbeville
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“In the West, most look at the war in Ukraine as simply a battle between Russian-backed separatists and the Ukrainian government. But the truth on the ground is now far more complex, particularly when it comes to the volunteer battalions fighting on the side of Ukraine,” according to Marcin Mamon. [1] What the Polish filmmaker is talking about is the so-called Islamic State in Iraq and Syria (ISIS) / Islamic State in Iraq and the Levant (ISIL)/Islamic State (IS)/ Al-Dawlah Al-Islamiyah fe Al-Iraq wa Al-Sham (DAISH/DAESH) fighters, which include Chechen separatists, that have gone to fight in Ukraine
Mahdi Darius Nazemroaya
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The analysis below is, by far, the best I have seen since the beginning of the conflict in the Ukraine. I have regularly posted analyses by Ishchenko on this blog before, because I considered him as one of the best analysts in Russia. This time, however, Ishchenko has truly produced a masterpiece: a comprehensive analysis of the geostrategic position of Russia and a clear and, I believe, absolutely accurate analysis of the entire “Putin strategy” for the Ukraine. I have always said that this conflict is not about the Ukraine but about the future of the planet and that there is no “Novorussian” or even “Ukrainian” solution, but that the only possible outcome is a strategic victory of either Russia or the USA which will affect the entire planet. Ishchenko does a superb overview of the risks and options for both sides and offers the first comprehensive “key” to the apparently incomprehensible behavior of Russia in this conflict. Finally, Ishchenko also fully understands the complex and subtle dynamics inside Russian society. When he writes “Russian power is authoritative, rather than authoritarian” he is spot on, and explains more in seven words than what you would get by reading the billions of useless words written by so-called “experts” trying to describe the Russian reality
Zerohedge
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Just as Karl Marx claimed that History had chosen the proletariat, neoconservatives claim that History has chosen America. Just as the Nazis proclaimed “Deutschland uber alles,” neoconservatives proclaim “America uber alles.” In September 2013 President Obama actually stood before the United Nations and declared, “I believe America is exceptional.”
Paul Craig Roberts
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“In its response to the eruption of police violence over the murder of Freddie Gray, the black political establishment, headed by the first African-American president, has shown itself exactly for what it is: corrupt, self-interested and utterly hostile to the interests and aspirations of the poor and workers, black and white.”
Mike Whitney
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Stocks took a nasty fall on Tuesday when Al Arabiya erroneously reported that Iran had captured a cargo ship with a crew of Americans on board. It also sent oil surging. Things promptly normalized when it was revealed that the "confiscated" ship was merely one with a Marshall Island flag, at which point its fate was quickly forgotten (it may still be held by Iran, or not). But one thing is certain: both Iran and the US are itching for a provocation, whether a direct one or the far more traditional false flag type
Zerohedge
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Whatever happens with the nuclear negotiations this summer, and as much as Tehran wants cooperation and not confrontation, Iran is bound to remain — alongside Russia — a key US geostrategic target
Pepe Escobar
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Reviewing: ‘War Crimes of the Armed Forces and Security Forces of Ukraine: Torture and Inhumane Treatment’, published on March 1, 2015 by The Foundation for the Study of Democracy, 144 page, in Russian and English, ISBN 978-5-903882-05-
ROGER ANNIS
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