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NATO hasn’t done this in 50 years… and world stability is teetering because of it.
Reuters reports Turkey shot down a Russian Su-24 strike fighter last week. The Russian jet was on a bombing raid against Syrian rebel forces, including terrorist group ISIS.
Turkey is a member of the North Atlantic Treaty Organization (NATO). It’s the first time a NATO military has downed a Russian aircraft in five decades.
After the attack, #WorldWarIII trended worldwide on Twitter… as millions around the globe recognized the danger.
Russia retaliated by imposing sanctions on Turkey. Russia is Turkey’s second-largest trading partner and its largest source of imports… including over half of Turkey’s natural gas supply:
The sanctions also include a Russian purge of Turkish workers. Analysts estimate about 90,000 Turkish employees will lose their jobs by December 31.
As trade connections weaken, the move to war accelerates… since Russia now has no revenues to lose by attacking its former partner.
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The news won’t surprise longtime Daily readers. Here’s what we wrote in early October:
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The first U.S./Russian military “incident” in Syria is coming—fast. CBS News reports Russian and American fighter jets flying over Syria have come within 20 miles of each other. And Russian jets have come within “a handful of miles” to U.S. drone aircraft. The radar-based image below shows how close the two countries’ air forces now operate (green represents U.S. forces; yellow represents Russian). Russian aircraft have even strayed into Turkish territory. |
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The situation now has every element you need in the “perfect” geopolitical tinderbox: widespread miscommunication, confusion between “friends” and “adversaries,” inflammatory political posturing, and two opposing nuclear powers’ militaries operating on top of each other. |
Article 5 of NATO’s founding document is known as the “all-for-one” article. An attack on one member state is interpreted as an attack on all… but that also means all NATO member states (like the U.S.) share responsibility for any individual country’s actions.
So even though the U.S. didn’t down the Russian jet… America is “guilty by association” in Russia’s eyes.
America is drifting closer to direct armed conflict with Russia… yet the markets are oblivious.
Here’s what Jump Point Trader Editor Teeka Tiwari just told his subscribers about the market’s bizarre behavior:
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The reaction [to the Turkish attack] has been too sanguine. It’s too confident. I don’t like that. When I see the market ignoring a really big piece of news, it leads me to believe the market might have it wrong… at least temporarily. |
Bottom line: We’ve entered a period of high market fragility. An unexpected event—whether geopolitical, economic, or otherwise—could send the equity markets “flash-crashing” 10% or more.
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