You have commented 0 times on Rantburg.

We're sorry, but only human beings are allowed to comment on Rantburg. If you're a human being, please take this simple test to prove it. If you're not, get lost.

This is a chicken. What are you?
Caveman
Recruiting poster for the WACs
Drunken hussy in a shopping cart
A cat. It is not in a hat.
Your Name
Your e-mail (optional)
Website (optional)
My Original Nic        Pic-a-Nic        Sorry. Comments have been closed on this article.
Bold Italic Underline Strike Bullet Blockquote Small Big Link Squish Photo
Arabia
Yemen's banks deteriorate as the economy collapses
2015-03-01
[YEMENONLINE.INFO] Fears of economic collapse are causing Yemeni citizens to withdraw their US dollar savings from banks and keep the dollars at home. Yemen is facing economic collapse for several reasons:
  • The political chaos of the country having two capitals after the Houthi
    ...a Zaidi Shia insurgent group operating in Yemen. They have also been referred to as the Believing Youth. Hussein Badreddin al-Houthi is said to be the spiritual leader of the group and most of the military leaders are his relatives. The Yemeni government has accused the Houthis of having ties to the Iranian government, which wouldn't suprise most of us. The group has managed to gain control over all of Saada Governorate and parts of Amran, Al Jawf and Hajjah Governorates. Its slogan is God is Great, Death to Americaâ„¢, Death to Israel, a curse on the Jews ...
    seizure of Sanaa is preventing many businesses from operating.

  • The fighting has reduced oil exports, Yemen's main source of dollars. At the same time the price of oil has been falling, so even less money is coming in.

  • Soddy Arabia
    ...a kingdom taking up the bulk of the Arabian peninsula. Its primary economic activity involves exporting oil and soaking Islamic rubes on the annual hajj pilgrimage. The country supports a large number of princes in whatcha might call princely splendor. When the oil runs out the rest of the world is going to kick sand in the Soddy national face...
    used to provide aid to the Sunni-led government of Abd-Rabbu Mansour Hadi, but that aid was cut off when the new Shia-led Houthi government took over.
  • It is possible that the Sanaa regime will soon be unable to pay salaries within a few weeks. The economic collapse represents a recruiting opportunity for Al-Qaeda in the Arabian Peninsula
    ...the latest incarnation of various Qaeda and Qaeda-allied groups, including the now-defunct Aden-Abyan Islamic Army that boomed the USS Cole in 2000...
    .(AQAP). Widespread protests and riots, as well as terrorist acts by AQAP, are expected to increase
    Posted by:Fred

    #3  shorting Henna right now
    Posted by: Frank G   2015-03-01 15:00  

    #2  So what will they buy the Khat they are all addicted to with?
    Posted by: 3dc   2015-03-01 14:50  

    #1  Shit just got real.

    /Da FED
    Posted by: Shipman   2015-03-01 07:09