November 10, 2017

DONALD NEVER TIRES OF SIDING WITH THE ENEMY:

LEAKED DOCUMENTS EXPOSE STUNNING PLAN TO WAGE FINANCIAL WAR ON QATAR -- AND STEAL THE WORLD CUP (Ryan Grim, Ben Walsh, November 9 2017, The Intercept)

A PLAN FOR the United Arab Emirates to wage financial war against its Gulf rival Qatar was found in the task folder of an email account belonging to UAE Ambassador to the United States Yousef al-Otaiba and subsequently obtained by The Intercept.

The economic warfare involved an attack on Qatar's currency using bond and derivatives manipulation. The plan, laid out in a slide deck provided to The Intercept through the group Global Leaks, was aimed at tanking Qatar's economy, according to documents drawn up by a bank outlining the strategy.

The outline, prepared by Banque Havilland, a private Luxembourg-based bank owned by the family of controversial British financier David Rowland, laid out a scheme to drive down the value of Qatar's bonds and increase the cost of insuring them, with the ultimate goal of creating a currency crisis that would drain the country's cash reserves. [...]

THE NEW PROJECT comes amid -- and, if implemented, would escalate -- a regional crisis that reached new heights in June, when the UAE and Saudi Arabia led a bloc of Gulf nations in blockading and cutting off diplomatic relations with Qatar. U.S. Secretary of State Rex Tillerson recently faulted the blockading countries for intransigence, but President Donald Trump has largely taken the opposite approach, emboldening Saudi Arabia and the Emirates at the expense of Qatar, which is home to one of the largest overseas U.S. military bases in the world.

Posted by at November 10, 2017 8:44 AM

  

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