Trump suggests Iran responsible for Saudi oil attack

Patrick Semansky/AP Photo

Patrick Semansky/AP Photo

By Caitlin Oprysko

President Donald Trump on Monday hinted at potential new evidence that could prove Iran was behind a series of drone attacks in Saudia Arabia that struck the heart of its oil production, pointing to prior controversies that he said cast doubt on Iran's denials.

“Remember when Iran shot down a drone, saying knowingly that it was in their 'airspace' when, in fact, it was nowhere close,” he asked in a tweet, referring to Iran’s downing of an unmanned U.S. aircraft three months ago.

“They stuck strongly to that story knowing that it was a very big lie. Now they say that they had nothing to do with the attack on Saudi Arabia,” he continued, adding: “We’ll see?”

Continue Reading at Politico.com

After the Helsinki Summit, Trump Threatens Iran in ALL CAPS tweet

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A week has passed since the Trump-Putin summit, and a RogueMoney reader asked me for my thoughts on the outcome. Rather than give the stock answer of ‘it’s too soon to say’, I thought I’d do what analysts do and emphasize the knowns, then contrast those with the greater part that remain ‘known unknowns’ in the ongoing negotiations to defuse Cold War II (or more accurately, to revive the USA’s geoeconomic fortunes because Kissingerian realists in Washington realized by 2016 fighting Russia, China and Iran all at once while dominating the EU, Japan and the Koreas was no longer feasible). The problem with this traditional analytical framework including labels like ‘realism’ vs. neo-conservativism, is that Trump defies easy characterization.

On the one hand, Trump appears to sincerely want to improve U.S.-Russia relations because he has taken more heat for this than any other aspect of his platform, culminating in this week’s insane allegations that he has committed ‘treason’ by questioning the ‘intelligence community’ finding that Russia interfered in the 2016 elections in support of his candidacy. On the other hand, on Sunday night Trump escalated his anti-Iran rhetoric, hours after Secretary of State Mike Pompeo and Sen. Tom Cotton (R-AR) delivered a speech in southern California calling for a 1980s Reaganesque policy of rollback against the Islamic Republic.

Screen shot from: Russia’s Vesti News/First Channel

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And while the first of these actions may end up simply spawning rhetorical outrage in Brussels or on the floor of the U.N., the second could be much more disastrous for Washington as European leaders appear ready to throw all caution to the wind by ignoring potential U.S. sanctions and change to purchasing oil from Iran in Euros.

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The Chinese preference for buying non-dollar denominated oil and gas from its strategic ally Russia and now Moscow exporting more crude to the Asian giants rather than Europeans are themes we’ve frequently discussed here at RogueMoney. Although Putin’s inauguration speech was largely overshadowed in global media coverage by the seeming Russian non-response to aggressive Israeli strikes on Syria, the Vladimir Vladimirovich made several decisive points in a May 7 speech marking his fourth and likely final term in office.

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The ruble is not yet being 'nationalized' as Russian nationalist economists like Nikolai Starikov or Putin adviser Sergey Glazyev have long advocated. But hints of a sovereign crypto-yuan in China amidst Beijing's crackdown on bitcoin/ethereum exchanges naturally suggests Eurasian wide coordination with Moscow planning something similar in the near future -- a crypto-ruble allowing oil and gas trade settlement in gold.

The Sirius Report's London Paul has some of the story in a September 19, 2017 post reproduced below. -- JWS

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