• Senate Foreign Relations Committee is scheduled to vote today on a
  use-of-force resolution that sets a 90-day limit on U.S. military action
  against Syria and explicitly doesn’t authorize use of ground troops in
  combat
• Obama administration officials are hinting they’re prepared to
  accelerate efforts to arm rebel forces in the effort to oust Assad
• Berlusconi may consider withdrawing his support for the current Letta government in Italy alongside calling for elections this year, according to sources in Italian press.
• Chinese HSBC Services PMI (Aug) M/M 52.8 (Prev. 51.3) – 5-month high.
• Goldman Sachs closes their long EUR/GBP trade with a potential 0.2% loss, citing strong UK data. UK Services PMI (Aug) M/M 60.5 vs. Exp. 59.0 (Prev. 60.2) – Highest since December 2006.
• Treasuries little changed before Fed’s Beige Book report and speeches from Kocherlakota and Williams; markets focused on Friday’s nonfarm payrolls and its implications for QE tapering at this month’s FOMC.
• Nonfarm payrolls est. +180k; a number close to that means tapering will be the likely outcome, according to RBS
• BoJ meeting ends tonight, no policy changes expected, focus on economic assessment, Kuroda commentary on tax debate, for preview see here
• The chief bond strategist at Tokai Tokyo, who predicted Japan’s 10Y yield would plunge to 0.5%, now says it’s likely to reach a record 0.25% as a failure to meet economic targets may cost Prime Minister Abe his job
• Sovereign yields mostly higher, EU peripheral spreads wider. Euro Stoxx Banks -1.7%. Nikkei gains 0.5%, JPY earlier fell to 99.80. Other Asian stock markets mixed. European equities, U.S. equity index-futures decline. WTI crude, copper and gold decline

• PUTIN ACCUSES U.S. SECRETARY OF STATE KERRY OF LYING TO CONGRESS ABOUT AL QAEDA’S ROLE IN SYRIA CONFLICT
• RUSSIAN PRESIDENT PUTIN SAYS U.S. CONGRESS HAS NO RIGHT TO “LEGITIMISE AGGRESSION” AGAINST SYRIA

Does anyone really believe that the U.S. can prove that the Syrian military used chemical weapons against the rebel forces?  To begin with, based on everything I’ve read, IF chemical weapons were deployed, it’s impossible to know if they came from the Syrian military or the rebels.  But just to remind everyone, the rebel forces are being led by Al Qaida and have been heavily funded, armed and trained by both Saudi Arabia and the United States.  The latter is a fact that the U.S. can not deny.

How absurd is it that the U.S. is conducting a trillion dollar “war on terror” against Al Qaida around the globe and yet it is funding and supporting them in Syria?  It’s so absurd that you couldn’t begin to make that up.  But why?

First off, let’s completely dispel the cover story of chemical weapons use.  The evidence is flimsy and 100% hear-say.  Maybe they were used, maybe not.  But which side used them is impossible to know for sure, although, as I’ll show in a minute, the motive for staging the use of chemicals was a lot greater for the Saudi/U.S. coalition.  This reminds me 100% of the Bush regime argument for going to war in Iraq, which we know for a fact was complete lie.  Colin Powell lied to the world and he knows it and we know it.

Second, check out this photograph of John Kerry having a cosy dinner with Assad and their respective wives in 2009:  LINK   Keep in mind this the same person that Kerry just referred to as “Hitler.”

Finally, what’s the U.S. motive?  It’s never really for “humanitarian” reasons.  After all, regardless of which side flung the alleged chemicals, there’s no do doubt that the U.S.’ strategic bombing of Syria will yield many more multiples of casualties – military and civilian – than occurred from the alleged use of chemical weapons.

However, I have found that beneath the surface reasons for every war in history there has always been economic reasons embedded as the root cause.  Every single one.  As it turns out, not surprisingly, this one is over energy.  Natural gas pipelines.  Read this if you don’t believe me – and this is not the first source from which I’ve read this but it’s laid out nicely here:  LINK

The real reason for the U.S. involvement is that both Saudi Arabia and Qatar want to tighten their control of the flow of energy in the Middle East.  Rest assured that there’s also plenty of motive for big U.S. oil companies to make this happen.

I guess the next questions would be, who really controls the U.S. and the Obama regime?  Big oil or Saudi Arabia?  And does Obama really deserve that Nobel Peace Prize?

Well that is all for today.I will see you tomorrow night
To all our Jewish friends out there, I wish you a very happy and prosperous New Year
Harvey