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Luis Miguel Goitizolo

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RE: ARE WE NOW IN THE END TIMES?
8/31/2016 11:12:32 AM
AUG 30, 2016 @ 09:16 PM

Saudi Arabia Burns Through Foreign Reserves As Oil Prices Tank

Journalist, author and geopolitical analyst based in Vietnam.




Saudi investors monitor stocks at the newly opened exchange market department at the National Commercial Bank (NCB) in Riyadh on November 12, 2014. The Saudi stock market rebounded last week as markets in the rest of the region fell. However, the real problem for Saudi Arabia is the more than two year free-fall in global oil prices and a massive loss of revenue. (Photo FAYEZ NURELDINE/AFP/Getty Images)

You have to hand it to Saudi Arabia. The Kingdom ruled global oil markets for nearly 40 years, increasing or decreasing production as it willed, playing the role of global oil markets swing producer. The OPEC de facto leader, and the second largest global oil producer now after Russia, has simply lost its footing.

The Reason? The U.S. shale oil and gas boom. The problem for the Saudis is that they have been caught in a snare of their own making. When global oil markets first became over supplied in 2014 due to increased U.S. oil production, the Saudis in their now infamous November 2014 decision, decided to not pull back production to support plunging prices.

The Saudis have take a step further, actually increasing production in the past two years. The effects have been cataclysmic for the global oil industry. Prices, which topped off at $114 during the summer of 2014 are now trading in the low to mid $40s level, after dipping into the $20s mark earlier this year – a pricing scenario unthinkable just a few years ago.

Massive oil industry lay-offs, bankruptcies and a general downturn in the sector has ensued, with little respite on the horizon. Now, the Saudis are having to contend with Iran, post sanctions on Tehran’s energy sector, for market share in both Europe and Asia. Unfortunately, for the Saudis, Iran is willing to cut prices to the bone in order to reach a pre-sanction production level of 4 million barrels per day.

Saudi Arabia is also losing market share in Asia to Russia, including China’s vast oil market, which could soon surpass the U.S. as the word’s largest oil importer.


(forbes.com)



"Choose a job you love and you will not have to work a day in your life" (Confucius)

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Luis Miguel Goitizolo

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RE: ARE WE NOW IN THE END TIMES?
8/31/2016 2:19:41 PM

These Two US Allies Have Turned On Each Other Instead Of Fighting ISIS

Photo of Russ Read
Pentagon/Foreign Policy Reporter
| 6:52 PM 08/25/2016



Watch video

U.S. forces provided air support and military advisers to Turkey’s surprise invasion of Syria Wednesday, but doing so has put U.S. leaders in the middle of a potential war between Turkish forces and U.S.-backed Kurds.

While Turkey engaged in the assault on the Syrian border city of Jarablus under the auspices of self-defense against ISIS, it has become clear it had a second goal of preventing the Kurdish People’s Protection Units (YPG) from seizing the city before Turkey’s Syrian allies could. The two sides reportedly began firing on each other near the nearby town of Manbij Thursday, after Turkey claimed it had intelligence Kurdish forces were advancing on Jarablus.

Turkey has a long and bloody history with its own Kurdish minority, as well as Kurds in foreign countries. Allowing a Kurdish group like the YPG, which Turkey considers a terrorist organization, to control most of its southern border with Syria would be unacceptable from Turkey’s standpoint. The U.S. actively supports the YPG in their fight against ISIS, but by backing the Turkish assault, it may have helped enable a spat between two of its key allies.

Turkish Foreign Minister Mevlut Cavusoglu made his country’s intentions toward the YPG clear shortly after the assault, codenamed Operation Euphrates Shield, began Wednesday.

“YPG elements must immediately move to the east of Euphrates [river]. Otherwise Turkey will take necessary measures,” said Cavusoglu over Twitter.

Despite the thinly veiled threat, YPG spokesman Redur Xelil said his forces will not retreat east of the river just because Turkey demands it, noting only the Syrian Democratic Forces (SDF) could issue such an order. He went on to refer to the Turkish operation as a “blatant aggression in Syrian internal affairs.”

Initial reports claim that some SDF forces retreated back east of the Euphrates, but it is clear some YPG forces did not abide by promise, despite a guarantee from U.S. Secretary of State Kerry.

“The United States encourages all parties to focus their efforts on ISIL (ISIS), and we are working with our Turkish allies and our partnered forces in Syria to ensure that ISIL remains everyone’s focus,” a Department of Defense official told The Daily Caller News Foundation.

Jarablus sits at an important juncture with Turkey to the north and the Euphrates river to the east. Its strategic location makes it quite the prize for all parties involved in the Syrian conflict.

The YPG makes up a crucial element of the SDF, a conglomeration of Syrian militia groups fighting ISIS actively supported by U.S. air power. U.S. support of the YPG has always been a point of contention for Turkey, but until recently, the U.S. has been able to strike a balance between the two groups in the fight against ISIS.

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Read more: http://dailycaller.com/2016/08/25/these-two-us-allies-have-turned-on-each-other-instead-of-fighting-isis/#ixzz4Iv47UovZ



"Choose a job you love and you will not have to work a day in your life" (Confucius)

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Luis Miguel Goitizolo

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RE: ARE WE NOW IN THE END TIMES?
8/31/2016 3:10:29 PM

North Korean soldiers 'given nuclear backpacks' as tensions rise over joint US-South Korean military exercises

Report comes after series of weapons tests by Kim Jong-un's forces




North Korean soldiers march during a mass military parade at Kim Il-Sung square in Pyongyang on October 10, 2015 AFP/Getty Images

Elite North Korean soldiers are being armed with “nuclear backpacks”, a source has claimed as tensions increase over the authoritarian state’s attempts at military escalation.

An anonymous source told Radio Free Asia special units have been formed since March to carry the weapons and had been taking part in simulated training exercises with dummy bombs.

“Outstanding soldiers were selected from each reconnaissance platoon and light infantry brigade to form the nuclear backpack unit the size of a battalion,” the source from North Hamgyong province was quoted as saying.

The supposed weapons were said to weigh between 10 and 30 kilograms and be able to “spray radioactive material”, possibly uranium, on the enemy.

It was impossible to verify the account given to Radio Free Asia, which is funded by the US government.

North Koran propaganda showed soldiers wearing rucksacks bearing a yellow and black radiation symbol during a parade celebrating the 70th anniversary of the national Workers' Party in October, while similar backpacks were seen at a procession in 2013.

The report came after Kim Jong-un’s administration reportedly executed a vice premier and banished two other top officials to rural areas for dreaded “re-education”.

South Korean officials said Yong-jin, a cabinet minister for education affairs, had been killed, possibly by a firing squad in July for unspecified anti-revolutionary and factional acts.

Reports said said Kim first faced an investigation because of the way he was seated during a meeting attended by the Supreme Leader.

(independent.co.uk)

"Choose a job you love and you will not have to work a day in your life" (Confucius)

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Luis Miguel Goitizolo

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RE: ARE WE NOW IN THE END TIMES?
8/31/2016 4:37:31 PM

North Korea executes vice premier for 'disrespect': Seoul

Hwang Sung-Hee


North Korean vice premier Kim Yong-Jim incurred the wrath of leader Kim Jong-Un (pictured) after he dozed off during a meeting, the mass-selling JoongAng Ilbo reported (AFP Photo/KNS)


Seoul (AFP) - North Korea has executed a vice premier for showing disrespect during a meeting presided over by leader Kim Jong-Un, South Korea said Wednesday, after reports that he fell asleep.

The regime also banished two other senior officials, Seoul said, the latest in a slew of punishments Kim is believed to have ordered in what analysts say is an attempt to tighten his grip on power.

"Vice premier for education Kim Yong-Jin was executed," Seoul's Unification Ministry spokesman Jeong Joon-Hee said at a regular briefing.

Kim was killed by a firing squad in July as "an anti-party, anti-revolutionary agitator," added an official at the ministry, who declined to be named.

"Kim Yong-Jin was denounced for his bad sitting posture when he was sitting below the rostrum" during a session of North Korea's parliament, and then underwent an interrogation that revealed other "crimes", the official told reporters.

The mass-selling JoongAng Ilbo reported on Tuesday that top regime figures had been punished, but identified the education official by a different name.

"He incurred the wrath of Kim after he dozed off during a meeting presided over by Kim," it quoted a source as saying.

"He was arrested on site and intensively questioned by the state security ministry".

- Fall of spymaster -

The unification ministry said two other senior figures were forced to undergo re-education sessions.

One of them was Kim Yong-Chol, a top official in charge of inter-Korean affairs and espionage activities against the South.

The 71-year-old Kim is a career military intelligence official who is believed to be the mastermind behind the North's frequent cyberattacks on Seoul.

Kim is also blamed by the South for the sinking of a South Korean warship in 2010 near the disputed sea border with the North in the Yellow Sea.

Kim was banished to a farm in July for a month for his "arrogance" and "abuse of power," the ministry official said.

The spymaster, who was reinstated this month, is likely to be tempted to prove his loyalty by committing provocative acts against the South, the official said.

"Therefore, we are keeping close tabs on the North", he said.

Professor Yang Moo-Jin at the University of North Korean Studies said the vice premier's execution could be indirectly verified when Pyongyang's state media reveals the names of attendees at the government's anniversary ceremony on September 9.

That confirmation will be important; Seoul in February said North Korean military chief of staff Ri Yong-Gil had been executed -- only for Ri to turn up at a party rally in May.

- Uncle -

South Korea's Yonhap news agency put the number of party officials executed during Kim Jong-Un's rule at over 100.

The most notorious case was that of Kim's uncle and onetime No. 2 Jang Song-Thaek, who was executed for charges including treason and corruption in December 2013.

In April 2015, it was reported that Kim had his defence minister Hyon Yong-Chol summarily executed with an anti-aircraft gun.

Cheong Seong-Chang, a senior researcher at the private Sejong Institute, said the "reign of terror" that is characteristic of a Stalinist state showed no sign of abating under Kim.

"But the intensity of the reign of terror depends on changes to the internal and external political environment", Cheong said.

Reports of the latest execution coincide with a series of high-profile defections from the North.

North Korea's deputy ambassador to Britain sought refuge in the South with his family, the unification ministry said earlier this month.

Thae Yong-Ho was driven by "disgust for the North Korean regime" and concerns for his family's future, it said.

Twelve waitresses and their manager who had been working at a North Korea-themed restaurant in China also made headlines when they arrived in the South in April as the largest group defection for years.

About 10 North Korean diplomats made it to the South in the first half of this year alone, Yonhap said, quoting informed sources.


(Yahoo News)

"Choose a job you love and you will not have to work a day in your life" (Confucius)

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Luis Miguel Goitizolo

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RE: ARE WE NOW IN THE END TIMES?
8/31/2016 11:41:34 PM
Mother of three survives car crash — only to be gunned down by the other driver, police say



An Ohio woman calling 911 said she witnessed a man shoot and kill Deborah Pearl after the two were involved in a car accident on Aug. 27. (Chagrin Valley Dispatch)

Deborah Pearl was driving to work Saturday morning through the local streets of Solon, Ohio, a Cleveland suburb so serene that Money magazine last year named it one of the top 10 places to live in the United States.

It was just after 7 a.m. when the 53-year-old mother of three cruised through an intersection and a man in a sport-utility vehicle ran a red light, slamming into the driver’s side of Pearl’s Ford Taurus, police reports would later say.

The intensity of the crash caused Pearl’s car to skid across the intersection and the SUV to roll several times until it came to a rest flipped upside down, police reports said.

Both drivers survived; somehow, the man in the SUV was able to walk out of his now-overturned vehicle.

And that is where the tragedy begins.

According to a woman who witnessed the accident, the man emerged from his Jeep carrying a rifle, Cleveland.com reported.

Police and other officials would later identify the man as a former U.S. Marine, one who had been deployed to Iraq twice.

The female witness, who gave a written statement to the police, told Cleveland.com what happened was so traumatizing that she did not want to be named.

Rifle in hand, the driver of the SUV walked toward Pearl and — as she held her hands up — shot her several times, the woman told the news site.

“I can’t get her screams out of my head,” she told the site.

Several people in the area appeared to have witnessed the accident. Another woman, Jamirra Brabson, heard four shots, then a woman scream, before three more rounds of at least three shots, the site reported.

“Then it was just silence,” Brabson told the site.

“There’s a man walking around with an AK-47, shooting all over the place! Corner of Richmond and Solon,” the woman said, according to a recording of a 911 call provided by Chagrin Valley Dispatch. “… Or a large rifle like that, yes. Please hurry!”

The woman told the dispatcher the man was pacing up and down the road with his rifle, at some point coming up to her driveway. Sounding close to tears, she begged the dispatcher to send help quickly.

Solon police said they found Pearl lying in the road with several gunshot wounds and took her to the hospital, where she was pronounced dead about 8:18 a.m.

The driver of the SUV, 29-year-old Matthew Ryan Desha, was taken into custody. Police said they found a Stag Arms AR-15 rifle in his possession.

A military spokeswoman confirmed to The Washington Post that Desha served in the U.S. Marine Corps from 2004 to 2008, and was deployed to Iraq twice during that time.

According to his military personnel file, Desha was a private who served as a mortarman.

“Word’s can’t explain what we’re going through,” Pearl’s son Derryo Pearl told Cleveland.com. “This is the roughest patch a human being can go through. I’ve gone through tough times before, but it wasn’t like this.”

Derryo Pearl told the news site that his mother was on her way to work that morning at the South East Harley-Davidson dealership, less than 20 miles away from her home in Twinsburg, Ohio.

Her son told the site he credited his mother with raising her three children to become good parents of their own.

“She disciplined us when she needed to discipline us,” Derryo Pearl told the site. “She made us go to school every day. She worked hard and taught us that was the only way to succeed in life.”

Reached by phone Tuesday, Robert Murray and Timothy Young, who identified themselves as Pearl’s husband and another son, told The Post they did not want to talk about what happened but gave permission to use a photo of Pearl.

Desha has been charged with murder and was arraigned Monday via video appearance in Bedford Municipal Court.

He is being held on $1 million bail and will appear in court again Wednesday, according to court records.

Desha’s neighbor Kathleen Salvatore told WEWS News that the man struggled after his time in the Marines.

“He was also the kind of person that if someone was trying to mess with him, like a guy picking a fight with him, you’re going to get pummeled,” Salvatore told the station.

More than a dozen of Pearl’s relatives and family friends attended Monday’s arraignment, according to Cleveland-area media reports.

Bernita Ashford, one of Pearl’s relatives, could barely speak through her sobs as she talked to reporters Monday about the death of the family member they all called “Little Deb.”

“I’m angry because he did not have to kill her. It was no reason to kill her,” she said, Cleveland 19 News reported. “And shoot an innocent woman? Innocent! Defenseless! She survived the crash, and you murdered her! You murdered her! You murdered Little Deb! You took her away from us.”

The pain, Ashford told the station, was “like a stab in the heart. A stab in the family’s heart.”

Police have not yet determined a motive for the shooting and said they were not aware of any connection between Desha and Pearl. Solon police said their detectives and the Ohio attorney general’s Bureau of Criminal Identification are investigating.

“I think the worst part of it was just really the absolute randomness of it,” Solon police spokesman Lt. Bruce Felton told The Post.

On Monday, South East Harley-Davidson posted a Facebook tribute to Pearl, referring to her as a “friend and family member.”

Pearl worked six days a week at the Original Harley Diner inside the dealership, where she often played gospel music, joked and danced as she cooked breakfast on the grill, her co-workers toldWEWS News.

Renee Basler, an assistant manager there, told the station she knew something was wrong on Saturday morning when Pearl was late for work.

“Debbie was like clockwork,” she told the station through tears. “I’m going to miss my friend.”

A woman was fatally shot after a car crash in Solon, Ohio. (Adam Ferrise/Cleveland.com)


(The Washington Post)


"Choose a job you love and you will not have to work a day in your life" (Confucius)

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