You’ll have to understand that Syria has been in U.S sights long before this “humanitarian cause/save the people” campaign started up last year.
According to retired NATO Secretary General Wesley Clark, a memo from the Office of the US Secretary of Defense just a few weeks after 9/11 revealed plans to “attack and destroy the governments in 7 countries in five years”, starting with Iraq and moving on to “Syria, Lebanon, Libya, Somalia, Sudan and Iran.” In a subsequent interview, Clark argues that this strategy is fundamentally about control of the region’s vast oil and gas resources.
Syria holds Russia’s only port to the Mediterranean Sea. That’s right – Russia ( the largest supplier of natural gas to all of Europe ) can’t operate its navy or its oil export operations without that port.
Can you imagine the blow to Russia if the U.S where to occupy Syria? Never gonna happen. Never.
As suggested “well before” Obama put his tail between his legs, and paddled back to the states the “last time” Putin ( and his Chinese counterparts ) would not allow U.S intervention in Syria. Not a chance.
Syria has also been in talks with Iran about building a pipeline to allow for Iranian oil reserves to be shipped through, as well Saudi’s Prince Bandar bin Sultan has stated ” whatever regime comes after” Assad, it will be “completely” in Saudi Arabia’s hands and will “not sign any agreement allowing any Gulf country to transport its gas across Syria to Europe and compete with Russian gas exports” so…….if you’re starting to put the pieces together here – Syria is an extremely significant and important country with respect to its geopolitical and geo “pipelineal” relations.
There is no question that Assad is a war criminal whose government deserves to be overthrown. The real question is by whom, and for what interests?
I’m some 300 pips in the green on several short AUD trades tweeted / posted yesterday with plans to see if I can’t “hold on to these babies” a little longer. Wild swings in currencies overnight with USD taking a dip, but really just to trendline support. I’ll be watching close today for intra day reversal and opportunity to keep pushing long USD / short risk.
Perhaps you hadn’t noticed by way of the SP 500 making a 16 day run flat as a pancake – but “risk” is clearly selling off in the currency markets. I’d suggest keeping a watchful eye.