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From the Honor-Among-Thieves Desk: SYRIA: Turkish Proxies Fight Over Looted Properties in Afrin – by Patrick Henningsen – https://21stcenturywire.com/2019/09/28/syria-turkish-proxies-fight-over-looted-properties-in-afrin/ – “According to local sources, a militant was killed and at least six others were injured during the clashes, which are still ongoing… The Turkish military and its proxies occupied Afrin in the early months of 2018. Since then, Turkish-backed groups have been looting the area and suppressing the locals in many horrendous ways… Despite the growing instability in Afrin, the Turkish military is yet to implement any measure to improve the situation. Ankara could be avoiding any possible tension (with) its own proxies.”
First Bill Of Land Reform Law Outlines 72% Of Ukrainian Land Is For Sale – https://southfront.org/first-bill-of-land-reform-law-outlines-72-of-ukrainian-land-is-for-sale/ – “Former Prime Minister of Ukraine Yulia Tymoshenko condemned the land reform, saying that it would sell 72% of Ukraine’s land to foreigners… ‘The first thing this law is about is that 42 million hectares of Ukrainian land can be sold in full, including to foreigners,” she said… Tymoshenko clarified that 42 million hectares of land is 72% of the territory of Ukraine… She urged for a referendum before selling most of Ukraine to foreigners.”
Operation Victory From God: Houthis Neutralize Thousands Of Saudi-Led Coalition Personnel In Large-Scale Ambush – https://southfront.org/operation-victory-from-god-houthis-neutralize-thousands-of-saudi-led-coalition-personnel-in-large-scale-ambush/ – “Thousands of Saudi-led coalition personnel were killed, injured or captured by the Houthis and their local allies in large-scale ambush, dubbed “Operation Victory from God”, a spokesman for the Yemeni group announced on September 28… In an official statement, Brig. Gen. Yahya Sari described the ambush, which took place near the southern Saudi province of Najran, as “the biggest luring operation” since the outbreak of the Yemeni war”
Final Collapse Is Inexorable – by M.N. Gordon – https://www.zerohedge.com/markets/final-collapse-inexorable – “Over the last two weeks the Fed has pumped hundreds of billions of dollars into the financial system through the overnight repo market. These repo operations are scheduled to continue every business day until October 10, with the option for them to continue longer. Our guess is that the Fed will continue until something cracks, which may be much sooner than expected… Stormy winds are blowing across credit markets, twisting and bending them like the Tacoma Narrows Bridge. The Fed, despite its scientific fascia, is relying on judgement. Guided by gut, it’s doing all it knows how to do; create credit and inject it into financial system… Greenspan got us into this mess…and there’s no dampening it. Final collapse is inexorable.”
Israel Believed Behind Overnight Attack On Iran’s ‘Land Bridge’ From Iraq To Syria – by Tyler Durden – https://www.zerohedge.com/geopolitical/israel-believed-behind-overnight-attack-irans-land-bridge-iraq-syria – “Another mystery airstrike was conducted over Iraq late Friday night, after a summer that’s witnessed Baghdad blame Israel for a series of unprecedented violations of its airspace to carry out alleged strikes on Iran-linked Shia militias in the country… This newest incident involved an attack on Imam Ali base near the border with Syria, in an area which Israeli defense officials have voiced concern Iran is utilizing Iraq’s Popular Mobilization Forces (PMF) to aid Syrian forces in establishing a security corridor stretching along the Syrian-Iraq border, or so-called Iranian ‘land bridge’ ”
Stopping Brexit Is About Saving the European Union – by Tom Luongo – https://www.strategic-culture.org/news/2019/09/27/stopping-brexit-is-about-saving-the-european-union/ – “The speed with which this was pulled together is the clue that this was a ‘stitch-up’ from the very beginning. Time is running out to stop a No-Deal Brexit, or any kind of meaningful Brexit for that matter, and therefore everything must be turbo-charged… That’s why I feel this ruling was baked into the pie before the trial even began… Because, make no mistake, losing the UK from the EU’s budget would be catastrophic for an EU staring at massive capital outflows as helicopter money happens and bond yields reverse from their current bubble levels… The opinion of Parliament in Britain cannot sink any lower. That anger will now be transferred to the courts. The entire Brexit process has been a layer by layer unmasking of the autocratic prerogatives of the ruling class. With each setback in the Brexit process the British people are getting an object lesson in just how corrupt their system is and how badly they have been betrayed… The hope by The Davos Crowd is that they will get fed up and tune it all out, that they’ll give up and let the UK be steamrolled. The polls tell a far different story.”
US Repo-calypse: The Ghost Of Failed Banks Returns – by Alasdair Macleod via GoldMoney.com – https://www.zerohedge.com/political/us-repo-calypse-ghost-failed-banks-returns – “That being the case, a new banking crisis is not only in the making, for which the repo problem serves as an early warning, but it could escalate quite rapidly. Given the rethinking that must be taking place in the boardrooms at all the major US banks, bankers will be looking at not only their exposure to Deutsche, but also the implications for their wider lending exposure to other American counterparties, particularly those owned by foreign banks… Understanding there will be a transition of attitudes from investing in CLOs and leveraged loans to a concern over their soundness is the key to realising how a credit crisis evolves. This time, as well as a mountain of derivative contracts, there is the further problem of synthetic ETFs, many of which are sponsored and managed by the same bank. For example, Deutsche Bank controls 42 ETFs in the US market alone, worth $14.6bn, all of which appear to be synthetic… Assuming this analysis is correct, there is probably not much the Fed can do, other than react to events. Like all central banks, the Fed relies on models that cannot incorporate the changing attitudes of market participants. Just imagine, if the Fed did spot a developing crisis in advance and called in the major bankers in an effort to get them to help stabilise the situation, they would likely leave the meeting with the clear impression things are worse than they thought, and their clear duty to their shareholders is to liquidate all positions at risk… If it took two months between Libor freezing in December 2007 and Northern Rock being rescued by the UK government and if that timing is replicated today, a new banking crisis will hit in November. It could easily take longer to materialise, but there’s no guarantee it won’t escalate even more rapidly than that.”
The CIO’s guide to quantum computing – by Satoshi Nakamoto – https://www.satoshinakamotoblog.com/the-cios-guide-to-quantum-computing – Comment: “Satoshi Nakamoto” is the inventor of Bitcoin
What Google’s quantum computer means for Bitcoin – by Jose Antonio Lanz – https://finance.yahoo.com/news/google-quantum-computer-means-bitcoin-165320736.html – “What you need to know about Bitcoin to understand the potential threat of quantum computing is that its architecture relies on two algorithms: ECDSA for digital signatures and SHA-256 as a hash function. If you reuse a wallet address and make a transaction, you expose your public key... So, yes, a quantum computer could use Shor’s algorithm to get your private from your public key, as Jack Matier of the Quantum Resistant Ledger recently explained in a Medium post. But don’t panic just yet… The most optimistic scientific estimates say that even if this were possible, it won’t happen during this decade (enough time to fork Bitcoin and make it quantum proof).” (emphases added)
Sound Familiar? Banks Are Saddling Fannie & Freddie With Risky Mortgages, Study Finds – by Tyler Durden – https://www.zerohedge.com/markets/sound-familiar-banks-are-saddling-fannie-freddie-risky-mortgages-study-finds – “A few unfortunately-placed hurricanes could leave US taxpayers shouldering billions of dollars in worthless mortgages on homes in natural disaster-prone areas, while the banks that originally underwrote those mortgages get off scott-free. In a scenario that might sound familiar to readers who remember the run-up to the financial crisis, new research has found that Fannie Mae and Freddie Mac have been buying mortgages on homes in disaster-prone areas and packaging them up into securities, without charging a premium that accurately reflects long-term disaster risks.”
Military Suicides Jump to Record High – by Lolita C. Baldor (AP) – https://www.truthdig.com/articles/military-suicides-jump-to-record-high/ – “Asked about the deaths in the crew of the aircraft carrier, Defense Secretary Mark Esper said, ‘I wish I could tell you we have an answer to prevent further, future suicides in the Armed Services. We don’t. We are caught up in what some call a national epidemic of suicide among our youth.’ ”
September Container Shipping Rates Collapse 43% Forcing Carriers To Slash Capacity – by Tyler Durden – https://www.zerohedge.com/economics/september-container-shipping-rates-collapse-43-forcing-carriers-slash-capacity – “Container shipping rates continue to move lower into the fourth quarter of 2019, according to FreightWaves. The drop in price comes as a result of the most recent round of tariffs discouraging U.S. importers from front loading orders. As a result, ocean carriers are looking to cut even more shipping capacity in hopes of meeting tepid demand into the back end of the year… Spot rates on the Freightos Baltic Daily Index for China-North America West Coast were down 8% from last week, falling to $1,327 per forty-foot equivalent unit. Container rates are down 34% since the beginning of the year, despite the industry now being in peak season.” (emphasis added)
Buyer Beware: Peloton IPO Crash Tells Us The Global IPO Market Is Going Bust – by Tyler Durden – https://www.zerohedge.com/markets/buyer-beware-peloton-ipo-crash-tells-us-global-ipo-market-going-bust – “And the reason for the horrible performance of the Peloton IPO could be due to the global IPO market is collapsing as a worldwide recession is imminent, reported Dealogic, first reported by the Financial Times.”
US Preparing Strikes On Syria Over Renewed Chemical Weapons Accusation: Report – by Tyler Durden – https://www.zerohedge.com/geopolitical/us-preparing-strikes-syria-over-renewed-chemical-weapons-accusation-report – ‘…the Russian aviation publication Avia.Pro reported on Friday, echoing broader Russian media reports… “It can be expected that the U.S. will launch airstrikes on Syria in the very near future (probably within the next two weeks), using false accusations of using chemical weapons by Damascus,” the publication reported, citing a representative from Syrian intelligence.”
Shocking New Survey Finds Most Americans Are Completely Unprepared For The Next Recession – by Michael Snyder – https://www.zerohedge.com/personal-finance/shocking-new-survey-finds-most-americans-are-completely-unprepared-next-recession – “Just like in 2008, most Americans are living right on the edge financially, and so any sort of an economic downturn is going to be extremely painful for tens of millions of American families. When you have not built up a financial cushion, any sort of a setback can be absolutely disastrous. During the last recession, millions of Americans suddenly lost their jobs, and because most of them were living paycheck to paycheck a lot of them suddenly couldn’t pay their mortgages. In the end, millions of Americans lost their homes during the “subprime mortgage meltdown”, and today the housing bubble is even larger than it was back then.
Illinois Parents Sue Doctors, Hospitals, and DCFS for Medical Kidnapping After Refusing Vitamin K Shot at Birth – https://healthimpactnews.com/2019/illinois-parents-sue-doctors-hospitals-and-dcfs-for-medical-kidnapping-after-refusing-vitamin-k-shot-at-birth/ – “The Boughers… …had agreed to sign a waiver confirming their wishes that the new baby — their fifth child — not receive vitamin K, based on their beliefs that God’s creation isn’t automatically deficient or flawed at birth… But instead of offering them a form, the Boughers allege, the nurse announced she was reporting the couple to the Illinois Department of Children and Family Services and left the room with the newborn. It would be about 12 hours before they got the child back, the couple said… ‘I honestly could not understand what was going on,’ Angela Bougher said through tears in a recent interview. ‘I was in total shock. I’ve never not had my baby right away.’.. On Monday, the Boughers and several other parents filed a sweeping federal lawsuit accusing the agency, its current and former leaders, a number of doctors and three hospitals of violating their constitutional rights just after the births of their children. Hours that should have been filled with happiness and family photos were instead filled with uncertainty, they said, as children were temporarily taken into protective custody, DCFS caseworkers were called and the parents were made to feel like criminals.” – The lawsuit contends DCFS and medical staff broke state and federal law by improperly seizing newborns or threatening to do so, said Richard Dvorak a lawyer for the families. It alleges that doctors continued to coerce parents, citing the inevitability of DCFS intervention, even though they knew the policy had been rescinded.