Newsbud- Sibel Edmonds Dissects the Turkey Coup Attempt: A CIA-Gulen Concocted Dry Run

Sibel Edmonds is joined by James Corbett and Spiro Skouras to discuss the recent failed coup attempt in Turkey. We touch-upon facts and elements that are currently being systematically blacked out by the establishment media, and analyze the main actors and agendas involved. From the CIA and Operation Gladio B to Mullah Gulen’s $20+ Billion shady network in the United States, and the media’s role in implementing the deep state’s psychological warfare tactics, we leave no stone unturned! Don’t miss this daring and bold discussion, and please help us put out the word by sharing the link to this video.

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  1. Ok. Nukes. the mention of ‘nukes’ and missing helicopters rings bells alongside Sibel’s earlier call another 911 scale attack likely within two months in UK or USA.

    • What is happening with Tunsar Chile (I think that was her name)? Maybe looking around her will give further clues as to the legitimacy of this coupe.

      Also, this may not have been a dry run at all. There is the distinct possibility that with this crack down on Gulenists, a chance that Erdogan is playing into the hands of the CIA. Perhaps they wanted this to happen to build futher support against Erdogan by building resentment against him by making these crackdowns happen. This will build international support against Erdogan and maybe internal support against Erdogan. Perhaps this isn’t a dry run so much as an initial stage, which they did try to fully capitalize on just in case they could usimg the twitter message about Erdogan running to Germany.

      • Could someone tell me the name of that woman the state department was prepping to replace Erdogan? She was a wife of one of the past dictators in Turkey. I thought her name was Tunsar Chile, but I don’t get any result on duckduckgo using that name. I remember it was some awful sounding name.

  2. VoiceOf Arabi says:

    Excellent work done by all….

    Sibel, I trully enjoy your analysis… you appear to have all the dots connected way before many get to even understand the picture… Great work, but you need to give your lieutenants more air time.

    I have just finished watching Analysis program on Al Mayadeen TV (arab news channel), and Lebanese lady had similar analysis, which leads me to believe Newsbud & Al Mayadeen TV have similar interests and points of view. You guys really should work together.. Maybe your first opportunity is by approaching a program called “From the Inside” من الداخل .

    There is a huge hungry audience in the middle east & north Africa that’s been fed nothing but BS…. which would increase your audience many folds and you might even be able to get a bilingual (English/Arabic) news reporter on the team in the process..

    I ask because i believe in what you guys doing, and I know many people in my part of the world are hungry for news closer to the truth… By the way, Al Mayadeen is the fastest growing arabic TV channel, and already works across the world with channels like Telsur…

    Keep up the good work.

  3. chuck70 says:

    One problem I have with the “dry run” theory is; Why lose so many supporters through their subsequent arrest after the dry run? A lot of the coup supporters in government, military and judicial are now behind bars. How does that benefit me if I am planning on later pulling the real coup?

    • I agree. Turkey is not a sandbox for games like this and the NATO people behind the coup are too good not to know that Erdogan would cease the opportunity to purge the country thoroughly to play games with him. One probable reason for why they blew it so pathetically would be that that chopper the loyalists shot down soon after coup began had the organizers on board. The reports of who were flying in there were contradictory but if those 17 men were the technical organizers of the coup, that is the only ones who connected the participating units to each other and knew the entire picture, then, once beheaded, the coup was to fail. Accidents may be decisive at times.

  4. CuChulainn says:
    Christoph Germann argues the coup was prematurely executed due to discovery–this seems more plausible than the dry run theory, since it appears that Erdogan now has a free hand to eliminate Gulenist elements in the military
    Yannopoulous sees coincidence with Nice (and who knows, 28 pages?). Nice might have been used to create support for action against Syria on pretext of opposing ISIS, action that a military govt in Turkey might have facilitated

  5. tonywicher says:

    It looks to me as though Putin has successfully turned Erdogan around. He has named the U.S. as an enemy for harboring Gulen, and at the same time he has apologized to Putin for shooting down the jet, and is going to stop sponsoring ISIS terrorists to overthrow the Assad government. Victoria Nuland has said she is surprised and not pleased by Erdogan’s apology to Putin. This is probably the reason for the attempted coup. But Erdogan was expecting it and got the upper hand. Hopefully we will soon see a Turkey exst from NATO. I am starting to like this new Erdogan.

    • Tony–I am afraid that Nuland thing is a fake. These people don’t say things like this in public. Where did you read this? Personally, my biggest and most positive impressions of the whole thing were the heroism of the Turkish people and Erdogan’s strength of character. I watched his speech in the Istanbul airport that night and I saw a true leader of his people.

    • ralphie4me says:

      Source for Nuland’s alleged response for Erdogan’s apology ? Thanks

  6. CuChulainn says:

    compare the reaction of the Boston public to martial law after the Boston bombing, or that of the German public to their country’s ongoing submissiveness to NATO wars and terrorism; Turkey is at an earlier stage of capitalist development where virility and love of country have not yet been extinguished
    another telling comparison might be to France, April 1961
    In panic-gripped Paris, reports of US involvement in the coup filled newspapers across the political spectrum… De Gaulle’s foreign ministry was the source of some of the most provocative charges in the press, including the allegation that CIA agents sought funding for the Challe coup from multinational corporations, such as Belgian mining companies operating in the Congo… De Gaulle began by denouncing the rebellious generals. The nation had been betrayed “by men whose duty, honor and raison d’être it was to serve and to obey.” Now it was the duty of every French citizen to protect the nation from these military traitors. “In the name of France,” de Gaulle shouted, thumping the table in front of him, “I order that all means — I repeat all means — be employed to block the road everywhere to those men!”
    De Gaulle’s final words were a battle cry. “Françaises, Français! Aidez moi!” And all over France, millions of people did rush to the aid of their nation. The following day, a general strike was organized to protest the putsch. Led primarily by the left, including labor unions and the Communist Party, the mass protest won broad political support… After the failed coup, de Gaulle launched a new purge of his security forces.

  7. ralphie4me says:

    Who prevented the coup in Turkey and who hit the streets?

    There has been a claim making the rounds among government supporters and some sections of the opposition since the momentous events of 15 July: “The attempted coup of 15 July was stopped by the people exercising their right to resistance for democracy.”

    This is wrong on two fronts. First, the factor that stopped the coup was not the resistance from civilians pouring onto the streets; second, the resistance of the civilians hitting the streets was not in the name of democracy.

    • VoiceOf Arabi says:

      Hi @ralphie4me,

      I live in the region, and was glued to the TV’s on the night of the coup..

      I have to admit, the above link is the closest to the truth i have read anywhere…

      There was a coup… it was not supported by the big guys… Erdogan had a hint it was coming…. and people did not spring up in support of democracy… (it is almost like having Saudi fight for democracy in Syria… wrong on sooooooo many levels. 🙂 )

      • people did not spring up in support of democracy>>

        Apparently, a great deal of Turkish people hold a view of what democracy is all about very different from that of the CIA, the State Department, NATO, and their Left Boot.

        • VoiceOf Arabi says:

          There is nothing democratic about Muslim Brotherhood… if you have any doubts.. go to back to the days of Mursi Egypt or Tunisia of a year ago…

          Muslim Brotherhood = ISIS = AlQa’ada…

          Erdogan and his party is Muslim Brotherhood.

  8. CuChulainn says:

    so now Turkey is exposing a full-on Gladio operation to the world, and the alt-media is busy piling on the “sultan”!!!!
    coup not supported by the big guys?
    message below from friend in Turkey, no friend of Erdogan she–
    It was a nightmare last weekend and I guess it has not passed yet the danger. Just stopped but the unknown future of Turkey still keeps the minds busy…
    It is a big trouble for Turkey now ISIS, PKK and GULENISTS attepmt to everywhere with their suicide bombers in everywhere. I feel this country has been becoming like a Syria. I hope not but already a lot of blood went down….

    • VoiceOf Arabi says:

      Hi @CuChulainn,

      I might not have made myself clear.. “What I meant by the coup not supported by the big guys, ” is, they did not have their full energy behind it.. they did not mind if it happened, but if it did not, not a problem…

      It is kind of we win if it happens, and we win if it does not… kind of position.

      I personally think Egypt was part of this puzzle according to what i have seen so far, but then again, who knows.. 😉

  9. CuChulainn says:

    please Sibel, would you devote an article or a video to the Gülen movement–what are they really about? to what extent are they involved in terrorist or other illegal activities, in Turkey or elsewhere? have any of these activities been documented? are the military officers recently arrested disproportionately involved in the illegal activities of the Turkish military, whether support for terrorism or drug trafficking? are they all really Gulenists, or old-line Kemalists, and to what extent do these categories overlap?

    the pathos of Gülen schools in poor countries like Albania is that parents send children to learn English and receive a western education, but while they may learn English they are at the same time indoctrinated in religious obscurantism.

    De Gaulle in 1961 faced a CIA-supported putsch within the military; today Erdogan is facing a CIA-sponsored takeover of many and diverse elements of Turkish society/politics–their repression can only make him appear dictatorial in the spectacle of the totalitarian and democratic dictatorship of the commodity form, where truth can only appear as its inversion– “The president made clear to President Erdogan that the United States doesn’t support terrorists and doesn’t support individuals who conspired to overthrow a democratically elected government,” according to White House spokesman Josh Earnest.

  10. ralphie4me says:

    Another contestant steps up to explain the context of the coup:

    The New Middle East: Exit America Enter Russia

    by Ghassan Kadi

    If we were to connect the above main dots, ignoring many other minor dots which do not need to be discussed individually, we can only see a Middle Eastern Russian-brokered masterplan coming to fruition.

    • VoiceOf Arabi says:

      Thanks @ralphie4me for the link above.. Excellent analysis from someone who appears to be very close to the ground…

      I felt very uncomfortable reading all the analysis, but deep inside me, i know it is more than 80% correct.

  11. An excellent response to Graham Fuller’s piece Turkey’s Lose-Lose Coup Attempt at consortiumnews.

    July 18, 2016 at 1:33 am
    Mr. Fuller serves a lot of edible stuffy-crap. He is one of the sponsors to have a green-card issued to Gulen. His insightful (!) information about Turkey and Erdogan is fed to him mostly by the Gulen-Gang as the color of his writing reveals. If you plot a coup against any leader in any country, if it succeeds “long live the new King”; if it fails, certainly it elevates the targeted leader to a higher level in the eyes of his followers and possibly bring in new sympathizers. That is all politics, it does not take a genius to figure out the outcomes! The picture then is bad for the plotters, but not so for the survivor.

    Mr. Fuller’s characterization of Erdogan both personally and as to his policies is completely out of touch with reality. Such characterization has been served in the guided western media by such great opinion makers as Fuller himself to western readers over and over that they all inevitably seem to swallow and then form opinions based on such hash, as most of the comments above testify. Strangely, these characterizations are attributed to ERdogan’s later years in power when he happened to begin to differ with American policies and interests. Before then he was a wonderful man and politician.

    Here are some of the misinformation about Erdogan and Turkey: Democratic freedoms and specifically the freedom of the press have been widest in Turkey during the reign of Erdogan and this has been/is all too good for all ethnicities in Turkey. Erdogan is a very well-disciplined no nonsense leader and a politician, not an authoritarian lunatic as Baronic western media likes to portray him in recent years. Fuller describes him as “arbitrary, autocratic, willful, erratic and self-serving policies “. Read this as : “shrewd and realistic; principled and disciplined outspoken leader; determined; unpredictable to his foes and opponents; serving the interests of Turkey (not the USA!) and the poor and the victimized and the oppressed”.

    Fuller probably knows more about what is behind the failed coup attempt than Mr. Gulen does for whom he is the master. Shamefully, one must read between the lines of what he is professing here: The next recipe written for Turkey is more domestic violence and terrorist attacks by both ISIS-labeled and PKK-PYD gangs to get rid of Erdogan and put the leash on Turkey!.

    By the way, there are criminals in jail and under prosecution in Turkey regardless of professional badges they wear. The freedom of the press in Turkey is no less than it is in the US and other western countries. The commentors ought to learn about the activities and adherents of the Gulen-Gang in education, judiciary, bureaucracy, business-world, and military in Turkey and elsewhere. Fuller had better worry about having the Gulen Gang in the US and the gang’s screwy ways and means wherever they are.

    Finally, ‘lifting of the immunity of opposition’ is a completely irresponsible and misinforming statement: The lift is for all members of the Parliament including those of the AKP, for whom criminal accusations by the prosecutors have been filed to date. They will go thru a judicial process. Some members are of Kurdish descent who have materially provided help to and cooperated with the terrorist PKK, like as if some members of the US Congress have materially worked with ISIL! Get it Sir!?

    What happen recently in Turkey is a win-win situation for Turkey, unfortunately for what Fuller has in mind. Please make some sense to give the voters in Turkey some credibility for insisting on having Erdogan to lead the country. They will take him down in the ballot box if they believe he is no more or ought to retire. But until then keep your hands off Turkey and Turkish politics and even the Middle East. Nobody needs your mind there!

  12. CuChulainn says:

    Islamic group is CIA front, ex-Turkish intel chief says
    By Jeff Stein

    A memoir by a top former Turkish intelligence official claims that a worldwide moderate Islamic movement based in Pennsylvania has been providing cover for the CIA since the mid-1990s.

    The memoir, roughly rendered in English as “Witness to Revolution and Near Anarchy,” by retired Turkish intelligence official Osman Nuri Gundes, says the religious-tolerance movement, led by an influential former Turkish imam by the name of Fethullah Gulen, has 600 schools and 4 million followers around the world.

    In the 1990s, Gundes alleges, the movement “sheltered 130 CIA agents” at its schools in Kyrgyzstan and Uzbekistan alone, according to a report on his memoir Wednesday by the Paris-based Intelligence Online newsletter.

    • steven hobbs says:

      Hey Cuch,

      Thank you bro for weaving story of this convoluted multifarious mess. I, for one, appreciate your multiple edifying additions. .

      • CuChulainn says:

        thanks Steven. years ago Sibel used to do a nightly news roundup, bringing attention to all kinds of stories that might otherwise escape notice–i hope that Newsbud may develop in that direction.

        note that Gülen schools specialize in STEM fields and not so much in teaching as in helping students pass exams–and by implication, helping students cheat, as recounted by Türkkan here–

        Cook asked Edmonds, is Gülen a threat to US interests? “This has to do with Gülen’s role in terrorism,” said Edmonds. “Under the guise of schools [Madrasas] in Central Asia & Caucasus his network is involved in training terrorists [from Chechens to other Islamic Jihadis in the area]. The bureau had him under investigations since 1998. However, they were prevented from pursuing the cases [despite all evidence collected] due to direct pressure from the CIA/State Deptment.
        How do I know? Some of the case files were under the division where I worked [counterintelligence]. Other investigations were being conducted under the FBI’s crime & terrorism division.”

        some news stories, including important new interview with Sibel:

        • ralphie4me says:

          See also: Emigre Super Bloc: The Failed Turkish Coup – An Exploded View

          by GH Eliason

          Is Fethullah Gulen the feeble, kindly imam that mainstream media is making him out to be? Hardly. What this article will show is that Gulen is instead a career ultra-nationalist bent on carving up the Middle East and Asia. Gulen is on a mission to destroy Russia and China by cutting out territory that contains Turkic peoples from both nations.

          Important to understand is Gulen is at work creating a Turkic Islamic World Order inside the countries his schools, people, and businesses reside in.

          How did Fethullah Gulen become so powerful in Turkey? In brief I’ll describe his rise for what it is; Erdogan’s self-inflicted wound, that without his own best effort and direct early support could never have happened. It will also show why Erdogan’s purges are going so deep and broad inside all of Turkey’s power structures. What do his people consider Gulen? He is a prophet. -Fethullah Gülen’s Grand Ambition Turkey’s Islamist Danger by Rachel Sharon-Krespin Middle East Quarterly Winter 2009, pp. 55-66

          • Thanks for the link.

            “In 1963 Gulen started the Anti-Communist League of Turkey or (TKMD) and became part of Yaroslav Stetsko’s World Anti-Communist League(WACL).”

            This is the key evidence of Gulen being a CIA-MI6 creature. WACL included not only the usual set of Prometeans “from sea to sea”, that is from the Baltic to the Black Sea (the formula itself was invented by the Second Section of the Polish General Staff) but a number of Asian Fascists as well, especially from South Korea and Taiwan, cultivated by the Fascistic officers of General MacArthur staff like his chief of intelligence General Charles Andrew Willoughby. Basically, it was a front for the CIA and military intelligence (DIA) as well as the State Department. They were run by Major General Richard Secord of the so-called “shadow CIA” (see Iran-Contras affair) and Lt. General Daniel Graham of the DIA. WACL was used not only for subversion of socialist countries but for extreme right-wing activities in the United States. Some observers have suggested their involvement in JFK’s assassination. Ukrainians called shots in the organization, but the Caucasian and Georgian sections also presented value and operated from Turkey. The last large-scale cooperation between Turkish and Ukrainian Fascists was in Chechnya. However, this article does not address the most important question today: What exactly happened between Erdogan and Gulen? How different their Islamisms and pan-Turkisms are? What made them such implacable foes? Anyway, after reading this piece I like Erdogan even more.

          • CuChulainn says:

            interesting that the Turkes letter to Gulen cited in the Eliason article refers to Susurluk–Sibel emphasized the movement from Grey Wolves to Islamists after Susurluk, but Boskurtlar are still around and their party MHP still plays an important role in Turkish politics. clarification on their relationship with Gulenists would be useful.
            remember the enthusiasm for Erdogan at the time of the Mavi Marmara and his spectacular denunciation of Israel? soon after he started supporting what became ISIS in Syria. it is still not clear what direction Turkey is going, and it appears that terrorists and Islamist freaks continue to cross from Turkey to wreak havoc in Syria.

    • Mike Mejia says:

      Here’s a beaut: “Former CIA operative Robert Baer, chief of the agency’s Central Asia and Caucasus operations from 1995 through 1997, called the allegations bogus. “The CIA didn’t have any ‘agents’ in Central Asia during my tenure,” he said.”

      Does that statement pass the smell test- that the CIA had zero ‘agents’ in Central Asia?

      Of course, that might be a play on words- what is an ‘agent’ vs. and ‘operative’ vs. an ‘asset’.

  13. CuChulainn says:

    some more questions i hope Sibel will address–
    Sibel, you often call the Gulen schools in central Asia madrasas. but Gulen schools in the west–from South America to the USA, from South Africa to the Ukraine and within Turkey itself have, at least superficially, the characteristics of modern schools, they are open to children of any religion, and that’s why they are popular. Until 2014, once a year, in Turkey, the Turkish government in cooperation with the Gulen schools organized the “Olympics of the Turkish Language”, where Gulen-school pupils from all over the world sang Turkish songs, recited Turkish poems, danced Turkish folkloric dances and showcased their grasp of the Turkish culture. Islam was present only as part of the Turkish culture. The religious instruction bills itself as a Turkish-Islamic synthesis with Sufi influence, more moderate than Salafism or Wahhabism. Of course, that ideology is combined with a cult of personality. Gulen, to his followers, is a Messiah-like figure (not necessarily a Messiah, but close). There is also a hierarchy within the movement, and the orders of the superiors in the community are more important that the orders of the boss in a company, or the superior in a government office.

    so yes, there are all the signs of a cult with connections to intelligence networks–cf. the Mormons, Opus Dei. historically in Britain intelligence services developed, in the Venetian tradition, from the combination of sailors and businessmen. but in France intelligence services originate in religious institutions. the use of religious foundations for espionage/covert ops is nothing new.

    clearly when you call Gülen an ayatollah you are trying to make a point by exaggeration–is your use of the word madrasa similar? likewise, you are the only source i know for the claim that Gulen schools provide training for mujahideen. would you kindly elaborate on this?

  14. – I agree that the battle between Erdogan and Fetullah Gulen “doesn’t help to stabilize Turkey”. And the “average joe” in Turkey is going to pay the largest toll.

  15. CuChulainn says:

    the humane Graham Fuller assures us that Gülen is not CIA
    a cynical-minded person might read a veiled threat in his closing words:
    How will it end? Erdogan has beaten Hizmet decisively. But he is planting the seeds for his own destruction. How and when he will fall remains unclear. Meanwhile, on the international scene, Turkey is rapidly becoming a pariah. The country itself is now his primary victim.

  16. CuChulainn says:

    So, he used the coup d’état in order to implement his own extremist agenda, Muslim Brotherhood agenda, within Turkey, and that is dangerous for Turkey and for the neighboring countries, including Syria.

  17. CuChulainn says:

    it would appear that a failed coup was actually the CIA’s intention, and who better to carry it out than their own Gülenists?
    see the analysis of retired Turkish general Türker Ertürk
    which corresponds exactly to the more in-depth analysis Francis Cousin gave just a few days after the coup attempt (in French)—

  18. – The Fetullah Gülen movement was supported/financed by the US. That also implies/means that the US is willing to accept the consequences (what ever they’re going to be) when the Gülen movement would take over the government in Turkey. Since both Gülen & Erdogan want (or seem to want) to get rid of the secular nature of the turkish government & state, it look likes that the US is willing to accept the islamization of Turkey.
    – But Erdogan’s response to the coup (the fire-ing of some 50.000 state employees) does suggest that Erdogan was aware of who was behind/supported the coup and that he was aware that the coup was coming.
    – Erdogan’s response to the coup also leads me to another thought: Is the US still able to oust/depose Erdogan ? I assume the position of Erdogan has significantly improved in the wake of the turkish coup. No, I fear the US now has bitten off more than it can chew. I fear the US has lost (or is losing) its grip on Erdogan’s Turkey.
    – We certainly can can say that Turkey has “deeper to fall” when it comes to “civil unrest”. We haven’t seen the end of the “turkish story”.

  19. Mike Mejia says:


    I really miss the voice of Mizgin Yilmaz to give the Kurdish view of these events. I hope she is well wherever she is.

    Is there any media outlet other than Newsbud giving decent coverage of this event and digging into the Gulen movement? If so, I haven’t heard about it.

    • I miss Mizgin too. She’s been MIA since … 2008-2009. Do you know why?

      • Mike Mejia says:

        I wish I knew Sibel. I think it was Feb 2010 you last heard from her, though posts in her name continued to be made on Rastibini, albeit infrequently, until December 2011. If that was her posting, why would she cut off contact? I guess the best speculation I can come up with is that she went off into some remote area where she had limited access to the Internet. But your guess is probably better than mine.

  20. – I think that Erdogan took “pre-emptive action” before the US & NATO were going to depose Erdogan. The economic downturn also allows Erdogan to take more control of the government and more parts of the country. Just see what happens/happened with e.g. the turkish teachers, judges and military.
    – In one regard, it doesn’t matter whether Erdogan or Gulen wins. They’re both islamists and both want to get rid of the (more) secular elements in Turkey. The only difference is that Gülen has the support of the US whereas Erdogan is losing US support.
    – But I wouldn’t be surprised at all to see that Erdogan position has strengthened to the point that the US + NATO is/are no longer able to depose Erdogan any more. If the US + NATO is/are able to depose Erdogan in the (near) future then that will wreak much more havoc/unrest in Turkey. I even could imagine that that would be able to tear up Turkey apart. Then Turkey will/could become a fialed state. And is a failed state called Turkey in the interest of the US and NATO ? I highly doubt it.
    – If the US + NATO “looses Turkey” then the US Empire will lose a very important country and then the US Empire has lost more influence. I think the US will try to keep Turkey in its “geo-political orbit” but I think Turkey already has started to leave the US “geo-political” orbit.

  21. – One shouldn’t be looking at the financial & economic situation in Turkey only. When I look at some metrics of the US economy then the US economy is also going from bad to worse. One has to keep in mind that the US government needs to pay for the entire “Military Industrial Congressional Complex”. One day the US government won’t be able to foot that bill anymore. And that’s the day when the US Empire will fall apart. And that day is coming much sooner that a lot of people think.

  22. Willy2, please back up your final assertion… “One has to keep in mind that the US government needs to pay for the entire “Military Industrial Congressional Complex”. One day the US government won’t be able to foot that bill anymore. And that’s the day when the US Empire will fall apart. And that day is coming much sooner that a lot of people think.”.

    Also, washington’s blog seems to think the CIA had nothing to do with it. Frankly I don’t think anyone knows what the he– happened.

    • – Quite simple. Take a look at US federal debt since say 1980:
      1980: $ 1 trillion
      2000: $ 5 trillion
      2008/2009: $ 10 trillion
      2016: $ 19 (20 ??) trillion.
      This increasing debt load didn’t matter too much becasue since 1981 US interest rates kept going down (from 15% (1981) down to the current say 1.5%). Total US federal debt has (almost) doubled since 2008/2009 but thanks to falling interest rates interest payments actually went down by some $ 40 billion. Once interest rates start to rise back to levels of say 2008 (4%) or higher then the US government has to cut spending across the board (including all those “Security” expenses.) I wouldn’t be surprised to see a military coup in the US/Washington DC as well. In an attempt to stave off those cuts in their budgets.
      – Another worrying sign is that the US Current Account Deficit (CAD) is shrinking while the US (federal) budget deficit (BD) keeps rising. From say 1995 up to 2008 and from say 2012 up to 2015 the CAD > BD. That’s a good thing for the US.
      But from 2008 up to say 2012 and from say late 2015 onwards the CAD was smaller than the BD. And that’s VERY detrimental for the US financial system.

  23. Um, interest rates don’t matter. They’ll just print it… or insert it into the computer more accurately.

    And no one knows if the interest rates will rise. They will probably fall for the sake of bailing in.

    • – Nope. When (not if) interest rates rise then households & corporations have to pay (much) more interest. Companies go out of business and taxrevenues shrink (dramatically) and then the budget deficit goes through the roof while at the same time the Current Account Deficits shrink. That’s the most toxic mix for us US citizens. But then one has to be able to understand the intracacies of Balance of Payments dynamics.
      – The US population is ageing. More retirees and less workers. And that’s also a VERY detrimental development for the US.

  24. Oh, and to go with my post awaiting moderation, he doesn’t even mention the student loan and car ownership tax. BTW, you don’t have the right to intrastate travel in the US. They can litterally ban all your rights, or force you to endanger yourself to travel if you can’t afford a car.

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