Turkey

Escaped ISIS Fighters To Attack UK, Mainland Europe During The Holidays?

I hope readers had a nice Thanksgiving. Emerging from my food coma, I intended to restart the discussion about money/investing when I saw this headline over on the Daily Express (UK) website Sunday:

“War-trained Islamic State fighters plan to strike in UK”

Marco Giannangeli reported yesterday morning:

HUNDREDS of Islamic State fighters have fled Syria and are heading for the UK and Europe to mount a series of Christmas attacks in revenge for their defeat at Raqqa.

The warning, from Turkish intelligence officers, follows concerns that the head of IS, Abu Bakr al-Baghdadi, escaped Raqqa with thousands of armed extremist fighters- including many British jihadis- in a secret peace deal five weeks ago.

Last night a British military source who attended the briefing said it left no room for doubt.

“Their [Turkish] intelligence service briefed that IS have been smuggled into Turkey in numbers and are heading to Europe and the UK,” he said.

“The threat level is very high and it is evident the Turkish authorities have detained a number of people and are confident the information is accurate.”

(Editor’s note: Bold added for emphasis)

According to Giannangeli, “More than 4,000 IS fighters, still carrying weapons and ammunition, their families and hostages,” managed to escape as part of this alleged deal.

Now, if the mention of an arrangement with ISIS rings a bell with regular readers of the blog that’s because a week-and-a-half ago I brought up a November 13 BBC News article mentioning that same “secret peace deal.” I wrote:

Finally, there’s the following from Riam Dalati and Quentin Sommerville on the BBC News website on November 13. They penned a piece in which “The BBC has uncovered details of a secret deal that let hundreds of IS fighters and their families escape from Raqqa, under the gaze of the US and British-led coalition and Kurdish-led forces who control the city. A convoy included some of IS’s most notorious members and – despite reassurances – dozens of foreign fighters…”:

The number of Islamic State escapees floated by the Daily Express and BBC differ, but this particular terror threat to the United Kingdom and mainland Europe remains should there be some truth to these reports.

Time will tell, as usual.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Source:

Giannangeli, Marco. “War-trained Islamic State fighters plan to strike in UK.” Daily Express. 26 Nov. 2017. (https://www.express.co.uk/news/uk/884412/War-trained-Islamic-State-fighters-trained-strike-UK-Syria-Abu-Bakr-al-Baghdadi). 26 Nov. 2017.

Share

Tags: , , , , , , , , , , , ,

Status Of West Coast Earthquake Early Warning System

The other week, I was pondering my options for “Resource Of The Week” on Survival And Prosperity.

Considering all the recent headlines about earthquakes, I decided I would look for some sort of earthquake early warning notification system for those living and working on the West Coast.

The best I could do was the U.S. Geological Survey’s Earthquake Notification Service (ENS), “a free service that sends you automated notification emails when earthquakes happen in your area.”

A noble effort, but basically, no earthquake early warning system in place then.

What a shame, considering the warnings of numerous experts about the inevitability of a major trembler striking the West Coast of the United States down the road.

The foundation for such a system is being laid, however. From Tiffany Wilson on the wesbite of San Francisco ABC affiliate Channel 7 yesterday:

UC Berkeley has been working for years to build an earthquake warning system on the West Coast. The same kind of system that helped prevent Mexico’s 7.2 magnitude earthquake on Friday from landing a bigger punch than it did.

California still doesn’t have one of these systems in place. Last year, Gov. Jerry Brown signed legislation that mandates California build one of these systems, however that bill did not include anything about funding

Right now, the UC Berkeley Seismological Lab has a test version of what the earthquake warning system would look like.

The system would send an alert to your cellphone, giving you precious seconds to find safety.

[UC Berkeley Seismological Lab spokesperson Jennifer] Strauss says it would cost about $82 million up front to build and $12 million annually to maintain…

(Editor’s note: Bold added for emphasis)

Wilson also added in her piece that Japan, Mexico, Turkey, and Romania have “similar or advanced warning systems” in place already.

In fact, viewers of one Mexico City TV program got to see the system work during last week’s quake:


“Así sintieron el sismo en Foro TV”
YouTube Video

I really hope some sort of earthquake early warning notification system is funded and operational before the U.S. West Coast suffers significant loss of life, limb, and property from a major shake.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Source:

Wilson, Tiffany. “UC Berkeley working to build earthquake warning system.” ABC 7. 21 Apr. 2014. (http://abclocal.go.com/kgo/story?section=news/local/east_bay&id=9511499). 22 Apr. 2014.

Share

Tags: , , , , , , , , , , , , , , ,

Marc Faber Shares Outlook And Advice At Barron’s 2014 Roundtable

Each year around this time, the weekly financial magazine Barron’s hosts their investor “Roundtable.” Swiss-born money manager and investment advisor Marc Faber was one of the participants in 2014, and starting on January 18 the publication started disseminating the investment advice of Dr. Faber and other Roundtable members. The financial website Zero Hedge zeroed-in on what the publisher of the monthly investment newsletter The Gloom Boom & Doom Report had to say at this year’s Roundtable. According to “Tyler Durden,” Dr. Faber:

• Is bearish on U.S. stocks, and the Russell 2000 in particular. Faber recommended shorting the Russell 2000.
• Is bearish on the U.S. economic recovery, recommending the purchase of 10-year Treasury notes
• Has a lot of cash, has bought Treasury bonds, and has about 20 percent of his net worth in gold. Regarding the precious metal, Faber went so far as to “recommend the Market Vectors Junior Gold Miners ETF [GDXJ], although I don’t own it. I own physical gold because the old system will implode. Those who own paper assets are doomed.”
• Offered up his investment forecast for Asian real estate, India, Vietnam, and Turkey and it’s currency- the Lira

The piece provided good insight into Dr. Faber’s investment outlook and activities, which you can read in its entirety on the Zero Hedge website here.

By Christopher E. Hill
Survival And Prosperity (survivalandprosperity.com)

(Editor’s notes: Info added to “Crash Prophets” page; I am not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information presented herein.)

Share

Tags: , , , , , , , , , , , , , , , , ,

IMF Sees Central Banks Boosting Gold Reserves As It Predicts Weaker Global Growth

Central banks around the world are still adding to their gold reserves. Francesca Freeman wrote on the MarketWatch website this afternoon:

The central banks of Turkey, Russia, Korea and Kazakhstan boosted their gold reserves in July, according to data from the International Monetary Fund.

According to IMF data, Turkey increased its holdings by 44.7 metric tons to 288.9 tons, Russia increased its holdings by 18.6 metric tons to 936.6 tons, Korea increased its holdings by 15.5 metric tons to 70 tons, and Kazakhstan increased its holdings by 1.4 metric tons to 103 tons.

And yesterday, the managing director of the International Monetary Fund, Christine Lagarde, discussed the international organization’s outlook for the global economy. Leslie Wroughton wrote on the Reuters website this morning:

The International Monetary Fund is set to cut its forecast for global growth next month with uncertainty over whether European policymakers will keep promises to address the euro zone crisis weighing on confidence, the head of the IMF said on Monday.

“We continue to project a gradual recovery, but global growth will likely be a bit weaker than we had anticipated even in July, and our forecast has trended downward over the last 12 months,” IMF Managing Director Christine Lagarde said.

In July, the IMF cut its global growth projection for 2013 to 3.9 percent but left its 2012 forecast at 3.5 percent.

Lagarde said the euro zone debt crisis posed the greatest risk to the world economy but that the U.S. fiscal cliff also presented a “serious threat.”

(Editor’s note: Italics added for emphasis)

Lagard also talked about countries other than the United States and from within the Eurozone. Wroughton added:

Lagarde said emerging market economies were now clearly slowing and there was “great concern” in poor countries about rising food prices and volatile commodity prices. There were also signs of growing frustrations with political transitions in the Middle East, she added.

Would that be the so-called “Arab Fall” she was talking about?

Sources:

Freeman, Francesca. “IMF: Turkey, Russia, Korea boosted gold reserves.” MarketWatch. 25 Sep. 2012. (http://www.marketwatch.com/story/imf-turkey-russia-korea-boosted-gold-reserves-2012-09-25?link=MW_latest_news). 25 Sep. 2012.

Wroughton, Leslie. “UPDATE 1-IMF chief sees shaky confidence denting global growth.” Reuters. 25 Sep. 2012. (http://in.reuters.com/article/2012/09/24/imf-lagarde-idINL1E8KOBWQ20120924). 25 Sep. 2012.

Share

Tags: , , , , , , , , , , , , , , ,

Which Central Banks Are Buying Gold?

If there’s one question gold “bears” have a hard time answering, it’s this:

If gold is such a “barbarous relic,” how come central banks are acquiring it these days?

There’s doesn’t seem to be much doubt this accumulation is taking place. In fact, Izabella Kaminska wrote on the FT Alphaville blog on the Financial Times (UK) website just today:

What’s more, the case for “gold” is increasingly being linked to future expectations that central banks and public authorities will continue to be large net buyers and borrowers of gold, rather than sellers.

The point is made nicely in this note from Moody’s Analytics on Tuesday:

One strong positive for gold demand is purchases for the reserves of governments and supranational organizations. After many years of shedding reserves, net buying by the official sector reached 456 t last year. The desire to diversify from major currencies may continue to drive such demand…

So, which central banks in particular are acquiring the precious metal?

I recently received this month’s edition of Peter Schiff’s Gold Report (ROTW back on July 6, 2011) and the President and Chief Global Strategist of Euro Pacific Capital provided some insight. From the July issue of this free newsletter:

The return to gold is unmistakably the product of a strategic, not merely a tactical, shift in global central banking policy. Central banks in the developed world have now altogether stopped selling bullion. This was foreshadowed by their behavior over the past decade, when they sold even less gold than they were permitted to under the anti-dumping Central Bank Gold Agreements. Clearly the concern about dumping gold was out of step with the trend. But more importantly, central banks in the emerging markets have been buying gold by the truckload.

Since the financial crisis of ’08, nations as diverse as Mexico, the Philippines, Thailand, Kazakhstan, Turkey, Ukraine, Russia, Saudi Arabia, and India have led the way back to gold as a primary reserve asset. Russia alone has added an impressive 400 tonnes of bullion to its reserves, most of it coming from domestic purchases. Mexico has added over 120 tonnes, including 78 tonnes from one mega-purchase in March 2011. The Philippines have bought over 60 tonnes, with 32 tonnes coming in as recently as March 2012. Thailand has added approximately 60 tonnes, and Kazakhstan just shy of 30 tonnes. Turkey amended its regulatory policy late last year to allow commercial banks to count gold towards their reserve requirements, adding over 120 tonnes to its official reserves. And bullion imports into mainland China through Hong Kong have been reaching all-time highs.

Finally, loyal US allies Saudi Arabia and India, in what is sure to leave particularly bitter taste in Washington’s mouth, have been adding gold to their reserves by the hundreds of tonnes.

In short, the governments of emerging markets recognize that the global monetary order is on the verge of a reset. These emerging markets are the economic engines of the 21st century, and they’re determined not to be undermined by Western fiat paper.

South Korea might also be adding to their gold reserves soon. I blogged on June 21:

The Irish precious metals firm also highlighted the possibility of South Korea buying more gold in 2012:

The Bank of Korea has said that its current gold holdings are too small and that the BOK may buy more gold this year in order to diversify its foreign exchange portfolio which is exposed to the dollar.

Eugene Kim, chief investment officer at the central bank’s foreign-exchange reserve management group, said its gold holdings are “too small” given the size of its forex reserves, which stood at a record-high of $310.87 billion at the end of May, and that the BOK might buy more bullion this year.

Gold. A “barbarous relic” for sure.

(Editor’s note: I am not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information presented herein)

Sources:

Kaminska, Izabella. “Propping up the gold price.” FT Alphaville. 10 July 2012. (http://ftalphaville.ft.com/blog/2012/07/10/1077461/propping-up-the-gold-price/). 10 July 2012.

Schiff, Peter. “The Return Of The Gold Standard.” Peter Schiff’s Gold Report. July 2012.

Share

Tags: , , , , , , , , , , , , , , , , , , , ,

More Doubts Arise Over Al-Qaeda Near-Defeat

Yesterday, I talked about how U.S. Defense Secretary Leon Panetta said during his first visit to Afghanistan this past weekend that, “We’re within reach of strategically defeating al-Qaida.” While I’d really like to believe that, the following two stories leave me questioning that claim even more so than before. From FOX News’ Catherine Herridge yesterday:

Fox News has obtained a draft copy of a new Government Accountability Office (GAO) report that concludes, a decade after 9/11, gaping holes remain in databases of overseas terrorists as well as in passport security.

“The system truly is as strong only as its weakest link,” Maine Sen. Susan Collins, the senior Republican on the Senate Homeland Security Committee, told Fox News after reviewing the report.

“We have spent literally billions of dollars to increase security, to make sure our watch lists are more complete, to verify documents, but in fact we have to rely to a certain extent on the systems used by other countries.”

And the systems of these other nations suck in many cases. Herridge added:

Collins told Fox that the issue has taken on more importance because the threat from Al Qaeda’s affiliates in Somalia and Yemen is growing.

The Yemeni affiliate, which includes the American Cleric Anwar al-Awlaki among its leadership, was behind the last two major attempts on the U.S. using airplanes. It was also behind the recent threat intelligence that the group was trying to recruit a surgeon to surgically embed explosive devices in suicide bombers. The threat was not described, by U.S. officials, as imminent, but the intelligence was described as credible and another sign the Yemeni affiliate was thinking out of the box.

“What this latest intelligence tells us about surgically implanting explosives is that Al Qaeda and its affiliates will continue to explore all possibilities to defeat the security that we have in place now,” Collins explained. “And that is why the gaps that the GAO found are so troubling because inevitably there is going to be yet another attempt and the terrorists eventually are going to get through. We’ve got to do everything we can to put in place barriers to terrorists traveling to this country.”

(Editor’s note: Italics added for emphasis)

Al-Qaeda has also been busy operating within the borders of one of our Middle Eastern allies. From ABC News’ Lee Ferran today:

An al Qaeda plot to attack the U.S. embassy in Turkey was thwarted today when 15 suspected terrorists were arrested by Turkish authorities, the country’s state news agency reported.

The Anatolia news agency, citing official sources, said in its report that anti-terror operations in three cities resulted in the arrest of the 15 individuals as well as the discovery of about 700 kilograms (1,550 pounds) of chemicals which could be used in explosives and two automatic rifles. Police said the weapons were to be used in attacks on multiple locations, including the U.S. embassy in Ankara, Anatolia reported…

Though al Qaeda does not have as high of a profile in Turkey as in Somalia or Yemen, it has a well-established presence there. Last year Turkish authorities rounded up 120 suspected al Qaeda members, according to a report by the BBC. Just last month, another 10 suspected al Qaeda militants were reportedly arrested in a southern Turkish town.

(Editor’s note: Italics added for emphasis)

A senior member of the Senate Homeland Security Committee warning of a growing threat from Al-Qaeda affiliates in Somalia and Yemen. An Al-Qaeda plot to attack the American embassy in Turkey foiled just in time. Sounds like someone isn’t ready to throw in the towel just yet.

Sources:

Herridge, Catherine. “Report Shows Gaping Holes in Intelligence on Overseas Terrorists.” FOX News. 12 July 2011. (http://www.foxnews.com/politics/2011/07/12/report-shows-gaping-holes-in-intel-on-overseas-terrorists/). 13 July 2011.

Ferran, Lee. “Turkey: Al Qaeda Planned Attack on U.S. Embassy.” ABC News. 13 July 2011. (http://abcnews.go.com/Blotter/turkey-al-qaeda-planned-attack-us-embassy/story?id=14064244). 13 July 2011.

Share

Tags: , , , , , ,

Wednesday, July 13th, 2011 Middle East, Public Safety, Terrorism, War No Comments
Survival And Prosperity
Est. 2010, Chicagoland, USA
Christopher E. Hill, Editor

Successor to Boom2Bust.com
"The Most Hated Blog On Wall Street"
(Memorial Day Weekend 2007-2010)

Happy New Year

PLEASE RATE this blog HERE,
and PLEASE VOTE for the blog below:



Thank you very, very much!
Advertising Disclosure here.
ANY CHARACTER HERE
Emergency Foods Local vendor (Forest Park, IL). Review coming soon.
ANY CHARACTER HERE
Legacy Food Storage Review coming soon
ANY CHARACTER HERE
MyPatriotSupply.com reviewed HERE
ANY CHARACTER HERE
Buy Gold And Silver Coins BGASC reviewed HERE
ANY CHARACTER HERE
BulletSafe reviewed HERE
ANY CHARACTER HERE
BullionVault BullionVault.com reviewed HERE
ANY CHARACTER HERE
This project dedicated to St. Jude
Patron Saint of Desperate Situations

Categories

 

Archives