Monday, September 12, 2016

Today's links

Today's quote:  "Clinton represents the vast majority of opinion within the US establishment and foreign-policy elites who see Moscow (Putin) as posing a systemic challenge to the US-led international order. They demand Russia’s politico-military containment so as to create conditions to change the regime....The strong likelihood is that Clinton will go for Russia’s jugular vein in Syria."
Ambassador MK Bhadrakumar, Asia Times






1--Governments may boost fiscal stimulus as central banks step back


Numerous central bankers, including Mario Draghi, have stressed that monetary policy alone cannot get the world out of its current malaise," noted Andrew Kenningham, senior global economist at Capital Economics, in a note Wednesday. "The U.S. Treasury Secretary, Jacob Lew, even claimed ahead of the G-20 summit in China last weekend that the U.S. had won the argument in favour of 'growth rather than austerity' and that this had prompted a policy shift by many G-20 governments."

 ...

"With global growth still lacklustre, monetary policy seemingly ineffective and government bond yields unprecedentedly low, the case for fiscal stimulus has become more compelling," Kenningham said. "Partly as a result, we now expect advanced economies overall to benefit from a small fiscal boost in the next couple of years." ...


In a similar vein, Deutsche Bank noted that the pivot toward fiscal policy has come amid an increasing perception that monetary policy may be reaching its limits.

"Despite historically low interest rates and substantial central bank balance sheet expansion, developed market growth and inflation remain stubbornly weak," the bank said in a note Wednesday. "Part of the problem is that monetary policy alone cannot succeed


2--Global selloff gains pace


3--Selloff in U.S. Stocks, Bonds Eases; Crude Leads Resources Lower


4--TRUMP: Janet Yellen should be ‘ashamed’ of what she’s doing to the country


5--Syria Deal Could Well Boost Russian Clout in Middle East and Beyond


6--Fighting rages on in Syria in wake of US-Russia brokered agreement


Washington has acceded to the agreement to give some respite to its proxy forces around Aleppo in particular, where government troops have made substantial gains over recent weeks. In addition, the hypocritical handwringing from the political and media establishment over the terrible conditions faced by the Syrian population caused by the war they played a central role in fomenting and promoting is a transparent attempt to create the conditions for more direct US and Western intervention under the pretext of human rights...

US-aligned rebel groups in the Free Syrian Army denounced the deal in a letter to the US for defining the former al-Nusra Front, now known as Jabhat Ahrar al-Sham since it formally broke with al-Qaida, as a terrorist organization but leaving out Hezbollah fighters backed by Iran. The FSA has not formally announced that it will abide by the deal, although spokesmen were cited by Reuters yesterday saying they would. Others suggested intra-rebel clashes could break out, as some groups would remain aligned to the former al-Nusra fighters. This only underscores the fraudulent character of the incessant claims made by the US and the corporate media that Washington has been backing “moderate” rebels. The backbone of the Syrian opposition is in truth made up of Islamist extremist forces....

Critically, the agreement provides for the banning of the Syrian air force from areas in which the US and Russia have agreed to cooperate to target ISIS and other extremist groups. This lays the basis for direct clashes, staged or otherwise, between US and Syrian planes and could mark an important first step in the establishment of a no-fly zone. This could, in turn, rapidly involve the air forces of the other imperialist powers to enforce it....

Ankara has made clear its intentions to carve out a substantial area of Syrian territory along its border, where it intends to confine refugees and some of the anti-Assad forces with which it is collaborating. Erdogan even suggested that Turkish troops could be used to supply aid to areas in the north of the country, including Aleppo

7--Turkey to send humanitarian convoy to Syria’s Aleppo


8--US-Backed ‘Moderates’ Reject Nationwide Ceasefire, Officially


Ahrar Al-Sham has officially rejected a nationalwide ceasefire proposal pushed by the United States and Russia.
Ahrar Al-Sham is one of the largest Syrian militant groups. Despite the radical views, the group is often called the “moderate opposition” by the Western Media and is supported by the United States.
On September 12, Deputy Leader of Ahrar al-Sham ‘Abo Ammar al-Omar’ publicly rejected the ceasefire proposal in Eid msge. According to al-Omar, the problem is that the ceasefire will exclude from the agrreemennt some Syrian “opposition” groups… for example the Jabhat Fatah al-Sham (formerly Jabhat Al Nusra) terrorist group and other Al Qaeda affilates in Syria.

The proposed ceasefire is set to be started today at 16:45 local time. However, there are serious doubts that it will be de-facto implemented on the ground

9--US-Russian Syria deal has limited shelf life


this is a geopolitical war. From its humble origins in 2012 as a variant of Arab Spring, the violence assumed the characteristics of a proxy war, but through the past two-year period following the US-Russia standoff in Eurasia, it transformed as a geopolitical war.Neither the US nor Russia is in total control of their respective clients on the ground or even their ‘partners’. Meanwhile, their own “systemic confrontation”, as a leading Russian pundit wrote this week, complicates the Syrian settlement.

Ironically, just two days before the US-Russia deal on Syria was announced in Geneva, US Defence Secretary Ashton Carter was speaking in Oxford, England, where he listed “Russian aggression and IS barbarism” as the two “robust challenges” facing the US policymakers today.
He accused the Russians of “trying to play by their own rules”, undercutting international order, “intent on undermining its cohesion, questioning its effectiveness, assailing its legitimacy”. Carter’s speech underscored Washington’s grit to contain Russia, no matter what it takes....

The bottom line is, Clinton represents the vast majority of opinion within the US establishment and foreign-policy elites who see Moscow (Putin) as posing a systemic challenge to the US-led international order. They demand Russia’s politico-military containment so as to create conditions to change the regime.
If Obama successfully could be dismissive about Mitt Romney’s characterization of Russia as America’s number one geopolitical threat, that thesis today, four years down the lane, is mainstream opinion in Washington....

The strong likelihood is that Clinton will go for Russia’s jugular vein in Syria



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