Puppet Masters
Since the 2008 financial crisis, which is considered the most serious financial crisis since the Great Depression of the 1930s, many have not been able to go back to sleep after such a lucid nightmare. Some have chosen the path of stocking up on cans of beans, distilling their urine into water and binge watching survivalists such as Bear Grylls hoping to absorb his skills through television osmosis.
The 2008 crisis put in the spotlight the psychopathic level of greed, vice, apathy and short-sightedness from those who wanted to play into the City of London and Wall Street casino houses. Get rich quick and don't care who you screw in the process, after all, at the end of the day you're either a winner or a loser.
Just as the coronavirus outbreak wreaks havoc on the oil market, Russia has spotted an opportunity to hurt rivals in the US shale patch. Moscow's partners in Opec now are collateral damage, and a price-sapping war for market share may follow.
The three-year partnership that joined geopolitical rivals and halted the biggest crude price crash in a generation hit the buffers on Friday when Saudi Arabia-led Opec and Russia failed to agree on deeper production cuts in response to the spread of the coronavirus that has hit the global economy and its demand for oil.
The statistical analysis was carried out by Declassified UK, a new "public service journalism" project investigating Britain's foreign,military and intelligence policies and run by journalist and historian Mark Curtis.
What 'rules based order'?
On Twitter, Curtis said the current state of UK press reporting on foreign policy is "shocking" and that the media was "systematically misinforming" the public on numerous issues, as well as routinely "falsely reporting" on the UK's "supposed benevolent role" around the world.
Comment: See also:
- Colluding in war crimes: Britain's unreported military alliance with Israel
- UN envoy says Assange showing signs of "torture", British govt should release him immediately
- The BBC: Protecting Pedophiles and War Criminals Since 2004
- UK secretly training Saudi troops for war on Yemen, 'against Geneva conventions'

Thuringia's newly elected Prime Minsiter Bodo Ramelow of the Left Party (Die Linke) rings the bell at the first cabinet meeting in Erfurt, Germany, on March 4, 2020.
The German eastern state of Thuringia has been a steady source of unnerving political news for Berlin for quite some time. In early February, it shocked the nation as a little-known politician was promoted to the post of a regional prime minister with the help of Alternative for Germany (AfD) - a controversial right-wing party ostracized by virtually all other political forces. At the time, the news provoked a nationwide scandal.
Comment: More on the Alternative for Germany (AfD):
- Citizenry fed up: Right-wing party 'Alternative for Germany' soars in East Germany polls ahead of crucial regional elections
- Never again? Anti-immigrant 'Alternative for Germany' scores huge gains in local German elections
- Germany slides towards instability
- Who's who in Germany's Federal election
Blue Star Strategies, which was co-founded by two veterans of the Clinton administration, registered to lobby in September 2017 for National Interest of Ukraine (NIU), a shadowy organization linked to the People's Front, a political party that promotes Ukrainian nationalism.
Daria Kaleniuk, the executive director of the Anti-Corruption Action Center, or AnTac, has recently alleged that NIU hired Blue Star Strategies to "discredit" her group.
Comment: Telizhenko will probably be very pleased to answer Sen. Johnson's subpoena. He has been attempting to get his story out for over two years.
Sputnik's morning radio show Fault Lines was one of the first to contact Telizhenko in 2018 regarding Democratic operative Alexandra Chalupa.
- DNC colluded with Ukraine to boost Hillary, take down Trump
- Beyond DNC leaks: Funding hacks and sedition, the Ukraine connection
- Andrii Telizhenko: The guy who will blow the lid off Mueller's Russian witch hunt
- How the Obama White House engaged Ukraine to give Russia collusion narrative an early boost
- GOP senators want to interview ex-DNC contractor and a diplomat who worked with Ukraine in 2016
- 'Fault Lines' reveals Orbis asked a Ukrainian contact to "make things up" for the Steele Dossier
- Top GOP Senator Ron Johnson seeks subpoena for witness related to probe into Ukraine and Biden
- Report on Ukrainegate, and why there will never be a real investigation
The recommendations have been condemned as incoherent and "transparently opportunistic" by Jeremy Krass of the University of Michigan School of Business. "The whole idea of capital requirements and stress-testing banks is to make sure they have enough cushion to absorb losses" in a period of economic crisis, Kress told the Washington Post. Now that the economy has gone into a sudden shock, Wall Street wants those regulations lifted.
What happened to the markets?
Oil prices crashed as much as 30 percent as trading began in Asia on Monday morning, with futures for benchmark Brent suffering the biggest drop since the Gulf War in 1991. As of 06:34 GMT, Brent was as low as $33.31 per barrel, while West Texas Intermediate (WTI) was trading at $29.72, with both down nearly 50 percent year-to-date.
A nosedive in crude prices triggered a panic sell-off in major stock markets, which were already shaken by the coronavirus outbreak. All key Asian indices lost between 2.5 percent and more than five percent, with the Nikkei suffering the biggest drop. In India, the Mumbai Sensex slipped over 1,500 points or more nearly 4.2 percent, while the broader NSE Nifty was down 3.9 percent.
European investor sentiment was also skittish, adding to last week's losses, with futures on the UK FTSE 100 sliding more than seven percent and other main equity indices set to open down.
After a rollercoaster week, US stock futures also tumbled, with the Dow Jones Industrial Average set to plummet around 1,000 points when trading starts on Monday. The S&P 500 futures and Nasdaq-100 futures are also expected to suffer significant losses.
Comment: Market panic reasons and a look at past mistakes
The country that pulled the final trigger to send oil prices into a freefall, Saudi Arabia, may suffer most from the oil market turmoil, analyst Kamel Wazne says, noting that Riyadh has already made such an error before.Trump claims crashing markets are good for consumers
Saudi Arabia decided to restrain itself from cutting production and offer a discount for its crude exporters. However, the move, already labeled as the start of an oil price war, could be a simple miscalculation on the Saudi side, Lebanon-based analyst Kamel Wazne believes.
"[They] have not learnt from the mistake they made way back may be five-six years [ago], when they gambled on increasing production and it harmed their economy," he told RT. "Today they're probably making the same mistake."
The bearish trend for oil could actually be fatal for US shale producers, the analyst added. The companies need to make some profit, otherwise investment in this sector will be halted, according to Wazne.
US President Donald Trump hedged his bets on Twitter, suggesting it's "Good for the consumer" but bad for markets because gas prices would go down.Who are the winners and losers in the oil price war?
The president's indecisiveness was met with derision by the tweeting masses, who pointed out that he'd essentially pegged his presidency's success to the stock market by constant harping on the rising Dow.
Monday's steep fall came amid already-softening demand for oil from China. So when Russia did not support new cuts agreed by the members of OPEC, this only added fuel to the fire, triggering retaliation from Saudi Arabia. Thus it is Moscow that started this crude price war, Sergey Kopylov, a junior partner at consulting company BSC, has told RT.US shale is on its last legs. See also:
"Saudi Arabia, unlike Russia, cannot withstand low oil prices for a long period of time. They have much more narrow safety margin in their budget system."
Moscow says that it has enough reserves to support the national economy for several years even if the situation deteriorates. Russia did not turn its back on the Saudi-led OPEC for no reason. Oil has historically faced oversupply amid a lack of demand and vice versa, but while the signatories of the oil deal were trying to boost the demand, the gap was immediately filled by US firms, mainly by shale oil producers. And they are the ones who will be most severely hit.
"Small producers that are focused only on expensive shale oil... are doomed, and consequently all the money that was invested into them will be buried," Kopylov said.
While American energy majors like Exxon Mobil and Chevron would still be able to subsidize their shale oil fields, the closures of those small businesses that are focused exclusively on shale would partly eliminate the supply glut and could finally bring more long-awaited stability to the markets. This 'shock therapy' will take up to two years to yield results, and when the situation changes, Kopylov believes, Russia and OPEC may finally to return to the negotiating table.
- Who just told the world 'NO'? Russia did!
- Shale's debt-fueled drilling boom is ending
- Drilling frenzy ends for US shale
- Technological indications the US fracking industry is about to go bust
Harris now claims there is "no one better prepared than Joe [Biden] to steer our nation through these turbulent times, and restore truth, honor, and decency to the Oval Office."
Comment: The self-depleted Democratic candidate competition moves on to the Black vote:
Shortly after Joe Biden received an endorsement from Senator Kamala Harris, Bernie Sanders' campaign announced support from civil rights activist Jesse Jackson. Jackson said in a public statement announcing his support for Sanders:"A people far behind cannot catch up choosing the most moderate path. The most progressive social and economic path gives us the best chance to catch up and Senator Bernie Sanders represents the most progressive path. That's why I choose to endorse him today."Jackson spoke at a campaign event for Sanders in Grand Rapids, Michigan, on Sunday. "Thank God for Bernie Sanders," Jackson told the gathered crowd of supporters.
On Super Tuesday, Biden outperformed Sanders among black voters by 40 points or more in states like Texas and North Carolina. Biden also achieved his first primary victory in South Carolina before that, which has a large black voter base among Democrats.
Sanders, however, is the one in need of more support among black voters in upcoming primary races, something he is no doubt hoping Jackson helps with.
"To keep me off the stage, the DNC again arbitrarily changed the debate qualifications," Gabbard wrote in a subsequent tweet.
"Previously they changed the qualifications in the OPPOSITE direction so Bloomberg could debate. I ask that you stand w/ me against the DNC's transparent effort to exclude me from the debates."
Comment: The DNC is making it completely clear it is not only meddling in the election process with sudden rule changes, it is obstructing the presidential race by candidate negation - be it forced or 'volunteered'. It's a stinking sham.
See also:
'White, male & 70+ years old'? DNC scorched for shifting debate rules AGAIN, after Tulsi Gabbard meets previous threshold

Greeks riot police clash with migrants along the Greece-Turkey border in the village of Kastanies on March 6, 2020.
Erdogan shared his wisdom on how to free Athens from the refugee "burden" while speaking in Istanbul on Sunday. "Hey Greece! I appeal to you... open the gates as well and be free of this burden. Let them go to other European countries."
Turkey's president also confirmed he will travel to Brussels on Monday to discuss the migrant situation with the head honchos of the EU, expressing hopes he will return from the meeting "with different outcomes."
Erdogan's insights on how to fix the migrant standoff - that he has created himself - might not actually come in handy for Greece, as it vowed to keep the border closed while suspending the reception of asylum applications for a month altogether.
Migrants protested actions of the Greek authorities at the Pazarkule border crossing, insisting that they want to get into the EU seeking "freedom."
Comment: Greece is the current 'movable object' in Erdogan's quest to rid Turkey of its migrant burden. Leaders eye the spoils of war and neglect examining the costs.
Tear gas was deployed at the Kastanies border crossing on Sunday morning, March 8. Footage shows migrants moving away from the gas as they walked on the Turkish side of the border, separated from Greece by a fence. Large numbers of migrants have been heading towards Turkey's European borders since last week after Turkish President Recep Tayyip Erdogan announced that authorities would no longer stop migrants from trying to enter the EU.See also:
Turkey's border will remain open for migrants seeking to reach the EU, Erdogan says.
- Turkish coast guard says stopped migrants from entering Greece at Erdogan's order
- Thousands of migrants try to cross border to Europe as Erdogan says Turkey will no longer 'close the gates'
- "Blackmail": EU strongly rejects Turkey's use of migrants at border, offers €60 million in aid













Comment: Russia can well afford to 'wait and see'.