Mike “Mish” Shedlock's
Sitka Pacific Capital Management,Llc
President trump is waiting for Saudi Arabia to tell us under what terms we should proceed.
President trump awaits orders from Saudi Arabia.
Saudi Arabia Gets to Set the Terms
"Saudi Arabia oil supply was attacked. There is reason to believe that we know the culprit, are locked and loaded depending on verification, but are waiting to hear from the Kingdom as to who they believe was the cause of this attack, and under what terms we would proceed!"
US Claim
Who Did It?
Support for War
J Street for Peace
Though the administration has pointed the finger at Iran, as of right now many details of the attack remain unclear. But here’s what we know for certain:
1: Saudi Arabia should not determine “under what terms” the United States enters into armed conflict.
2: President Trump lacks the authority to launch a military conflict without congressional approval.
It’s evident from this tweet that the president believes otherwise -- and, if left unrestrained, he could use this attack on Saudi Arabia’s oil facilities to drag us into a disastrous war with Iran.
That’s why it’s essential that Congress finally pass the Khanna-Gaetz amendment, which denies Trump funding for a war with Iran without congressional approval.
The amendment has the support of the majority of the House and Senate. Its fate is in the hands of a small group of legislators putting together the final version of the National Defense Authorization Act (NDAA).
J Street Flyer
The above paragraphs are from a J Street email flyer to a friend of mine.
J Street is a nonprofit liberal advocacy group based in the United States whose stated aim is to promote American leadership to end the Arab–Israeli and Israeli–Palestinian conflicts peacefully and diplomatically.
My friend comments "Jewish opinion is not monolithic and Netanyahu and his government are not Israel."
If there is proof or even strong evidence that Iran did this, then show it.
This material is based upon information that Sitka Pacific Capital Management considers reliable and endeavors to keep current, Sitka Pacific Capital Management does not assure that this material is accurate, current or complete, and it should not be relied upon as such.
Recommended Content
Editors’ Picks
EUR/USD holds above 1.0700 ahead of key US data
EUR/USD trades in a tight range above 1.0700 in the early European session on Friday. The US Dollar struggles to gather strength ahead of key PCE Price Index data, the Fed's preferred gauge of inflation, and helps the pair hold its ground.
USD/JPY stays above 156.00 after BoJ Governor Ueda's comments
USD/JPY holds above 156.00 after surging above this level with the initial reaction to the Bank of Japan's decision to leave the policy settings unchanged. BoJ Governor said weak Yen was not impacting prices but added that they will watch FX developments closely.
Gold price oscillates in a range as the focus remains glued to the US PCE Price Index
Gold price struggles to attract any meaningful buyers amid the emergence of fresh USD buying. Bets that the Fed will keep rates higher for longer amid sticky inflation help revive the USD demand.
Sei Price Prediction: SEI is in the zone of interest after a 10% leap
Sei price has been in recovery mode for almost ten days now, following a fall of almost 65% beginning in mid-March. While the SEI bulls continue to show strength, the uptrend could prove premature as massive bearish sentiment hovers above the altcoin’s price.
US core PCE inflation set to signal firm price pressures as markets delay Federal Reserve rate cut bets
The core PCE Price Index, which excludes volatile food and energy prices, is seen as the more influential measure of inflation in terms of Fed positioning. The index is forecast to rise 0.3% on a monthly basis in March, matching February’s increase.