It is not a matter of “if” but rather a matter of “when” the entire complex goes under and when that happens, the relatively paltry sums banks have set aside against losses in their energy books will balloon as everyone on Wall Street simultaneously pulls a BOK Financial.
Author: Tyler Durden
Who is the one “breaching every known law of funding terrorism when buying ISIS crude, almost certainly with the tacit approval by various “western alliance” governments, and why is it that these governments have allowed said middleman to continue funding ISIS for as long as it has?”
Make no mistake, this has gone beyond absurd and is now bordering on the bizarre. It’s apparently not enough that the US is supplying anti-tank missiles to rebels shooting at the very same Iran-backed militias that the US implicitly supports across the border in Iraq so now, the CIA and Saudi Arabia will give these rebels the firepower to shoot down planes, meaning that in the “best” case scenario they’ll be firing at Russian fighter jets, and in the worst case scenario these weapons will end up in the “wrong” hands and be used to down commercial flights.
US Ground Troops In Syria Is “Illegal, Big Mistake”, Russia Warns Obama Of “Unpredictable Consequences”
So the US would be bolstering the militiamen in Iraq with Apache gunship support and then firing on those exact same militiamen across the border in Syria in support of the “moderate” rebels battling to oust the Assad regime.
It’s beyond absurd.