The Economist explains: What Islamic scholars have to say about attacking civilians | The Economist

[ish mailian]

A few week ago Economist focused on the dollar. While US share of world GDP
is declining, its financial power is expanding, and, though China will
likely get reserve currency status any day now, the dollar's power is
growing. Not a very stable situation. When the US raises rates, probably in
December, it's impact will be muted since the markets have priced it in,
but its impact will be felt in both Russia and Turkey. Russia, though it
complains bitterly that the US uses sanctions and financial weapons, just
launched a financial bomb on Turkey. The US has finally begun targeting
ISIS's oil revenues. More pressure on Turkey. The US pulled its Patriots
out of Turkey. More....The Turkish boarder, not unlike the Pakistani
boarder, from Operation Cyclone to the killing of OBL, is key.

There is only so much money ISIS can squeeze out of the people, taxes,
penalties, oil, cement, and limited trade. They will need dollars too and
everyone is trading them out of circulation and reserve.

Squeeze!



On Sun, Nov 29, 2015 at 7:54 PM, Mark Kohut <mark.kohut at gmail.com> wrote:

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> http://www.economist.com/blogs/economist-explains/2015/11/economist-explains-14?fsrc=scn/tw/te/bl/ed/whatislamicscholarshavetosayaboutattackingcivilians
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> Sent from my iPad-
> Pynchon-l / http://www.waste.org/mail/?listpynchon-l
>
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