From Zero Hedge
Here is a summary of where the world stands:
- Unable to reach a compromise over the weekend, South Africa is now in an all out labor strike, with the police again firing rubber bullets at miners with lethal escalation guaranteed
- Back from vacation, the once again penniless citizens of Spain, Greece, and Portugal have resumed protesting austerity
- US embassies attacked, in many cases with numerous casualties, in Egypt, Libya, Tunisia, Morocco, Sudan, Lebanon, India, Balgadesh, Indonesia, and others.
- Japan “appropriating” China-contested islands provoking a firestorm of retaliation including demands for “war with Japan“
- The Japanese ambassador to China dying mysteriously
- Netanyahu telling Meet the Press Iran will have a nuke in six-seven months and must be stopped beforehand
- Warships from more than 25 countries, including the United States, Britain, France, Saudi Arabia and the UAE, launching a military exercise in the Straits of Hormuz
- A third US aircraft – the CVN-74 Stennis – carrier is en route to Iran with an ETA of about 10 days
- And finally, a potential catalyst to light this whole mess on fire, Iran’s Revolutionary Guard announcing that its troops are now on the ground in Syria.
From Reuters:
Members of Iran’s Islamic Revolutionary Guards Corps (IRGC) are providing non-military assistance in Syria and Iran may get involved militarily if its closest ally comes under attack, commander-in-chief Mohammad Ali Jafari said on Sunday.
Jafari’s statement is the first official acknowledgement that Iran has a military presence on the ground in Syria where an 18-month-old uprising has left tens of thousands dead.
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This is an excellent summing-up. I am never been as nervous as this – even when things looked pretty bad around New Year
Zero hedge as always R. and you’re right to feel nervous!