Best of the Week
Most Popular
1. Stock Markets and the History Chart of the End of the World (With Presidential Cycles) - 28th Aug 20
2.Google, Apple, Amazon, Facebook... AI Tech Stocks Buying Levels and Valuations Q3 2020 - 31st Aug 20
3.The Inflation Mega-trend is Going Hyper! - 11th Sep 20
4.Is this the End of Capitalism? - 13th Sep 20
5.What's Driving Gold, Silver and What's Next? - 3rd Sep 20
6.QE4EVER! - 9th Sep 20
7.Gold Price Trend Forecast Analysis - Part1 - 7th Sep 20
8.The Fed May “Cause” The Next Stock Market Crash - 3rd Sep 20
9.Bitcoin Price Crash - You Will be Suprised What Happens Next - 7th Sep 20
10.NVIDIA Stock Price Soars on RTX 3000 Cornering the GPU Market for next 2 years! - 3rd Sep 20
Last 7 days
Boris Johnson Hits Coronavirus Panic Button Again, UK Accelertoing Covid-19 Second Wave - 25th Sep 20
Precious Metals Trading Range Doing It’s Job to Confound Bulls and Bears Alike - 25th Sep 20
Gold and Silver Are Still Locked and Loaded… Don't be Out of Ammo - 25th Sep 20
Throwing the golden baby out with the covid bath water - Gold Wins - 25th Sep 20
A Look at the Perilous Psychology of Financial Market Bubbles - 25th Sep 20
Corona Strikes Back In Europe. Will It Boost Gold? - 25th Sep 20
How to Boost the Value of Your Home - 25th Sep 20
Key Time For Stock Markets: Bears Step Up or V-Shaped Bounce - 24th Sep 20
Five ways to recover the day after a good workout - 24th Sep 20
Global Stock Markets Break Hard To The Downside – Watch Support Levels - 23rd Sep 20
Beware of These Faulty “Inflation Protected” Investments - 23rd Sep 20
What’s Behind Dollar USDX Breakout? - 23rd Sep 20
Still More Room To Stock Market Downside In The Coming Weeks - 23rd Sep 20
Platinum And Palladium Set To Surge As Gold Breaks Higher - 23rd Sep 20
Key Gold Ratios to Other Markets - 23rd Sep 20
Watch Before Upgrading / Buying RTX 3000, RDNA2 - CPU vs GPU Bottlenecks - 23rd Sep 20
Online Elliott Wave Markets Trading Course Worth $129 for FREE! - 22nd Sep 20
Gold Price Overboughtness Risk - 22nd Sep 20
Central Banking Cartel Promises ZIRP Until at Least 2023 - 22nd Sep 20
Stock Market Correction Approaching Initial Objective - 22nd Sep 20
Silver Bulls Will Be Handsomely Rewarded - 21st Sep 20
Fed Will Not Hike Rates For Years. Gold Should Like It - 21st Sep 20
US Financial Market Forecasts and Elliott Wave Analysis Resources - 21st Sep 20
How to Avoid Currency Exchange Risk during COVID - 21st Sep 20
Crude Oil – A Slight Move Higher Has Not Reversed The Bearish Trend - 20th Sep 20
Do This Instead Of Trying To Find The “Next Amazon” - 20th Sep 20
5 Significant Benefits of the MT4 Trading Platform for Forex Traders - 20th Sep 20
A Warning of Economic Collapse - 20th Sep 20
The Connection Between Stocks and the Economy is not What Most Investors Think - 19th Sep 20
A Virus So Deadly, The Government Has to Test You to See If You Have It - 19th Sep 20
Will Lagarde and Mnuchin Push Gold Higher? - 19th Sep 20
RTX 3080 Mania, Ebay Scalpers Crazy Prices £62,000 Trollers Insane Bids for a £649 GPU! - 19th Sep 20
A Greater Economic Depression For The 21st Century - 19th Sep 20
The United Floor in Stocks - 19th Sep 20
Mobile Gaming Market Trends And The Expected Future Developments - 19th Sep 20
The S&P 500 appears ready to correct, and that is a good thing - 18th Sep 20
It’s Go Time for Gold Price! Next Stop $2,250 - 18th Sep 20
Forget AMD RDNA2 and Buy Nvidia RTX 3080 FE GPU's NOW Before Price - 18th Sep 20
Best Back to School / University Black Face Masks Quick and Easy from Amazon - 18th Sep 20
3 Types of Loans to Buy an Existing Business - 18th Sep 20
How to tell Budgie Gender, Male or Female Sex for Young and Mature Parakeets - 18th Sep 20
Fasten Your Seatbelts Stock Market Make Or Break – Big Trends Ahead - 17th Sep 20
Peak Financialism And Post-Capitalist Economics - 17th Sep 20
Challenges of Working from Home - 17th Sep 20
Sheffield Heading for Coronavirus Lockdown as Covid Deaths Pass 432 - 17th Sep 20
What Does this Valuable Gold Miners Indicator Say Now? - 16th Sep 20
President Trump and Crimes Against Humanity - 16th Sep 20
Slow Economic Recovery from CoronaVirus Unlikely to Impede Strong Demand for Metals - 16th Sep 20
Why the Knives Are Out for Trump’s Fed Critic Judy Shelton - 16th Sep 20
Operation Moonshot: Get Ready for Millions of New COVAIDS Positives in the UK! - 16th Sep 20
Stock Market Approaching Correction Objective - 15th Sep 20
Look at This Big Reminder of Dot.com Stock Market Mania - 15th Sep 20
Three Key Principles for Successful Disruption Investors - 15th Sep 20
Billionaire Hedge Fund Manager Warns of 10% Inflation - 15th Sep 20
Gold Price Reaches $2,000 Amid Dollar Depreciation - 15th Sep 20
GLD, IAU Big Gold ETF Buying MIA - 14th Sep 20
Why Bill Gates Is Betting Millions on Synthetic Biology - 14th Sep 20
Stock Market SPY Expectations For The Rest Of September - 14th Sep 20
Gold Price Gann Angle Update - 14th Sep 20
Stock Market Recovery from the Sharp Correction Goes On - 14th Sep 20
Is this the End of Capitalism? - 13th Sep 20
The Silver Big Prize - 13th Sep 20
U.S. Shares Plunged. Is Gold Next? - 13th Sep 20
Why Are 7,500 Oil Barrels Floating on this London Lake? - 13th Sep 20
Sheffield 432 Covid-19 Deaths, Last City Centre Shop Before Next Lockdown - 13th Sep 20
Biden or Trump Will Keep The Money Spigots Open - 13th Sep 20
Gold And Silver Up, Down, Sideways, Up - 13th Sep 20

Market Oracle FREE Newsletter

How to Get Rich Investing in Stocks by Riding the Electron Wave

Why Did Israel Attack Syria?

Politics / Middle East Sep 29, 2007 - 03:45 AM GMT

By: John_Mauldin

Politics

Best Financial Markets Analysis ArticleOne of the things I found out in my recent survey of readers is that many of you really like the special Outside the Box I send every now and then from George Friedman and Stratfor. I share your enthusiasm for the really unique world view that George and his team bring to us. This week's special Outside the Box is no exception to the quality and uniqueness of analysis that George brings to us.

I have found it very strange that no government is talking about the air strike that Israel did a few weeks ago into Syria. Why isn't Syria screaming? Israel bragging? Turkey's air space was used. It now seems that there were more than a few planes. Something happened, and as George points out, it is serious. But at what level. This whole thing needs to examined carefully for its implications, but I will let George do that.


I talked with George just before sending this out, and he said that the country that seems the most nervous is Israel. They have scrambled jets several times for simple Syrian helicopters poking their noses up on the border. In his diary that will go out tomorrow George will ask the question "Did Israel get what they went after in Syria?" If they missed it, is that why we see the elevated tension? The secret meetings that are denied but that George's sources know for a fact happened?

Stratfor has been called an independent CIA. They have staff and sources all over the world providing a wealth of information to their clients and readers. It is part of my must read material every morning. If you would like to get his daily reports and access to their extensive web site, you can subscribe at a significant discount by clicking here .

John Mauldin, Editor
Outside the Box

Israel, Syria and the Glaring Secret
By George Friedman

What happened in the Middle East on Sept. 6?

The first reports came from the Syrians, who said their air defenses fired at an Israeli warplane that had penetrated Syrian airspace and dropped some ordnance on the country's North. The plane then fled toward the Mediterranean at supersonic speeds, the Syrians said, noting that sonic booms had been heard.

A Syrian delegation was meeting Turkish officials about the same time, and the Turks announced that two Israeli fuel tanks had been dropped inside of Turkish territory, one in Gaziantep province and the other in Hatay province. That would mean the aircraft did come under some sort of fire and dropped fuel tanks to increase speed and maneuverability. It also would mean the plane was flying close to Turkish territory or over Turkish territory, at the northwestern tip of Syria.

The Israelis said nothing. It appeared at first glance that an Israeli reconnaissance flight had attracted Syrian attention and got out of there fast, though even that was puzzling. The Israelis monitor Syria carefully, but they have close relations with the Turkish military, which also watches Syria carefully. We would assume they have intelligence-sharing programs and that reconnaissance in this area could have been done by the Turks or, more likely, by Israeli reconnaissance satellites. Yet, an Israeli reconnaissance flight seemed like the only coherent explanation.

What was most striking from the beginning was the relative silence on all sides. The Israelis remained mum, not even bothering to leak a misleading but plausible story. The Syrians, after threatening to take the issue to the U.N. Security Council, have been less vociferous than one would expect. The United States had nothing official to say, but U.S. sources leaked a series of incompatible explanations. The Turks, after requesting an explanation for the fuel tanks, dropped the matter.

The leaks, which seemed to be coming from the Americans, raised the scope of the operation from a reconnaissance to something more. It was U.S. sources who said up to eight aircraft were involved in the operation. Early on, a leak originating in the United States implied that there might have been Israeli commandos involved as well. U.S. leaks also mentioned that a shipment of cement had been delivered to Syria from North Korea a few days before the incident and implied that this shipment might have contained nuclear equipment of some sort that was the real target of the attack. All three countries were silent officially on the intent of the attack, but the Americans were filling in some blanks with unofficial hints.

The media also were filled with a range of contradictory speculation. One story said this was a dry run for an Israeli air attack against Iran. Another said the Israelis were demonstrating their ability -- and hence the U.S. ability -- to neutralize Syrian air defenses as a signal to Iran that it, too, is vulnerable. Some stories also claimed that new missiles, not nuclear materials, were being shipped to Syria. There were many other explanations, but these were either pure speculation or were deliberately being fed to the media in order to confuse the issue.

Officials finally started to go public last week. Israeli opposition leader and former Prime Minister Benjamin Netanyahu said he was consulted in advance and supported Israeli Prime Minister Ehud Olmert's action in Syria. U.S. President George W. Bush went out of his way -- commenting directly and through his press secretary -- to make it understood that he also knew a raid had been carried out, but had absolutely nothing to say about it. That drew attention to two things. First, the United States knew what was going on. Second, the United States was going to keep the secret -- and the secret was an important one. Between Netanyahu and Bush, the reconnaissance theory was dead. An important operation occurred Sept. 6. It remains absolutely unclear what it was about.

Another leak appeared via the Sunday Times, this time with enough granularity to consider it a genuine leak. According to that report, the operation was carried out by Israeli commandos supported by Israeli aircraft, under the direct management of Israeli Defense Minister Ehud Barak. It had been planned since June, just after Barak took office, and had been approved by the United States after some hesitation. The target was in fact nuclear "material" provided by North Korea, according to that leak.

All of this makes perfect sense, save one thing. Why the secrecy? If the Syrians have nuclear facilities, the Israelis should be delighted to make it public. Frankly, so should the United States, since the Bush administration has always argued that nuclear proliferation to rogue states, including Syria, is one of the key problems in the world. The Syrians should be spinning the story like crazy as well, denying the nuclear program but screaming about unprovoked Israeli-U.S. aggression. The silence from one or two parties makes sense. The silence from all parties makes little sense.

Looked at differently, Israel and the United States both have gone out of their way to draw attention to the fact that a highly significant military operation took place in Northern Syria, and compounded the attention by making no attempt to provide a plausible cover story. They have done everything possible to draw attention to the affair without revealing what the affair was about. Israel and the United States have a lot of ways to minimize the importance of the operation. By the way they have handled it, however, each has chosen to maximize its importance.

Whoever they are keeping the secret from, it is not the Syrians. They know precisely what was attacked and why. The secret is not being kept from the Iranians either. The Syrians talk to them all the time. It is hard to imagine any government of importance and involvement that has not been briefed by someone. And by now, the public perception has been shaped as well. So, why the dramatic secrecy designed to draw everyone's attention to the secret and the leaks that seem to explain it?

Let us assume that the Sunday Times report is correct. According to the Times, Barak focused on the material as soon as he became defense minister in June. That would mean the material had reached Syria prior to that date. Obviously, the material was not a bomb, or Israel would not have waited until September to act. So it was, at most, some precursor nuclear material or equipment.

However, an intervening event occurred this summer that should be factored in here. North Korea publicly shifted its position on its nuclear program, agreeing to abandon it and allow inspections of its facilities. It also was asked to provide information on the countries it sold any nuclear technology to, though North Korea has publicly denied any proliferation. This was, in the context of the six-party negotiations surrounding North Korea, a major breakthrough.

Any agreement with North Korea is, by definition, unstable. North Korea many times has backed off of agreements that seemed cast in stone. In particular, North Korea wants to be seen as a significant power and treated with all due respect. It does not intend to be treated as an outlaw nation subject to interrogation and accusations. Its self-image is an important part of its domestic strategy and, internally, it can position its shift in its nuclear stance as North Korea making a strategic deal with other major powers. If North Korea is pressed publicly, its willingness to implement its agreements can very quickly erode. That is not something the United States and other powers want to see happen.

Whether the Israelis found out about the material through their own intelligence sources or North Korea provided a list of recipients of nuclear technology to the United States is unclear. The Israelis have made every effort to make it appear that they knew about this independently. They also have tried to make it appear that they notified the United States, rather than the other way around. But whether the intelligence came from North Korea or was obtained independently, Washington wants to be very careful in its handling of Pyongyang right now.

The result is the glaring secrecy of the last few weeks. Certainly, Israel and the United States wanted it known that Syria had nuclear material, and that it was attacked. This served as a warning to other recipients of North Korean nuclear technology -- most especially Iran. At the same time, the United States did not want to publicly embarrass North Korea, out of fear that the North Koreans would simply chuck the disarmament talks. Moreover, Damascus had no interest in publicizing that it had thoughts of a nuclear program, so it quieted down.

We should note that if this theory is true, and the United States and Israel discovered the existence of a Syrian nuclear program only from North Korean information, this would represent one of the most massive intelligence failures imaginable by both Israel and the United States. Essentially, it would mean that, unless this was the first shipment of material to Syria, Israel and the United States failed to detect a Syrian nuclear program on their own. That is possible, but not likely.

It is a neat theory. It might even be a true theory. But it has problems. The biggest problem is why Syria would be trying to obtain nuclear technology. Sandwiched between Israel and Turkey -- a country that has not had great relations with Syria in the past -- and constantly watched by the United States, the probability of it developing a nuclear capability undetected is infinitesimal, and the probability of Israel not taking it out is nonexistent. Moreover, Syria is not Iran. It is poorer, has less scientific and other resources and lacks the capability to mount a decadelong development effort. Syria actually plays a fairly conservative game, taking its risks in Lebanese politics and allowing jihadists to transit through the country on their way to Iraq. Trying to take on Israel or the United States in a nuclear gambit is not the Syrians' style. But certainly they were caught doing something, or they would be screaming to high heaven.

There has been persistent discussion of nuclear material in Syria, which, if we took the words seriously, would tend to indicate that something radioactive, such as enriched uranium or plutonium, was present. If what was delivered was not equipment but radioactive material, the threat might not have been a Syrian nuclear program, but some sort of radioactive device -- a dirty bomb -- that might be handed off to Hezbollah. The head of Israel's military intelligence was quoted as saying something about the attack having re-established Israel's deterrence power after its failures in the 2006 conflict with Hezbollah. Perhaps the problem was that the material was being transferred from North Korea to Syria on its way to Lebanon, possibly to use against Israel.

That would explain Syria's relative silence. Concern that the deal with North Korea will fall apart might keep the United States quiet. But a Syrian transfer of such material to Hezbollah normally would set Israel to raging at the Syrians. The Americans might have kept quiet, but the Israelis would have leaked much earlier than this. Israel would want to use the threat as a tool in its public relations war.

Another reason for the silence could be psychological warfare against Iran. The speculation above might be true in some variant, but by remaining ominously silent, the Israelis and Americans might be trying to shake Iran's nerve, by demonstrating their intelligence capability, their special operations ability and the reach of their air power. With the Israelis having carried out this attack, this very visible secrecy might be designed to make Iran wonder whether it is next, and from what direction an attack might come.

Normally such international game-playing would not interest us. The propensity of governments to create secrets out of the obvious is one of the more tedious aspects of international relations. But this secret is not obvious, and it is not trivial. Though it is true that something is finally being leaked three weeks after the attack, what is being leaked is neither complete nor reliable. It seems to make sense, but you really have to work hard at it.

At a time when the United States is signaling hostile intentions toward Iran, the events in Syria need to be understood, and the fact that they remain opaque is revealing. The secrecy is designed to make a lot of people nervous. Interestingly, the Israelis threw a change-up pitch the week after the attack, signaling once again that they wanted to open talks with the Syrians -- a move the Syrians quickly rebuffed.

When events get so strange that interpretation is a challenge, it usually indicates it was intended that way, that the events are significant and that they could point to further instability. We do not know whether that is true, but Israel and the United States have certainly worked hard to create a riddle wrapped in a mystery.


Your wondering what is going on analyst,

By John Mauldin
http://www.investorsinsight.com

To subscribe to John Mauldin's E-Letter please click here: http://www.frontlinethoughts.com/subscribe.asp

Copyright 2007 John Mauldin. All Rights Reserved
John Mauldin is president of Millennium Wave Advisors, LLC, a registered investment advisor. All material presented herein is believed to be reliable but we cannot attest to its accuracy. Investment recommendations may change and readers are urged to check with their investment counselors before making any investment decisions. Opinions expressed in these reports may change without prior notice. John Mauldin and/or the staff at Millennium Wave Advisors, LLC may or may not have investments in any funds cited above. Mauldin can be reached at 800-829-7273.

Disclaimer PAST RESULTS ARE NOT INDICATIVE OF FUTURE RESULTS. THERE IS RISK OF LOSS AS WELL AS THE OPPORTUNITY FOR GAIN WHEN INVESTING IN MANAGED FUNDS. WHEN CONSIDERING ALTERNATIVE INVESTMENTS, INCLUDING HEDGE FUNDS, YOU SHOULD CONSIDER VARIOUS RISKS INCLUDING THE FACT THAT SOME PRODUCTS: OFTEN ENGAGE IN LEVERAGING AND OTHER SPECULATIVE INVESTMENT PRACTICES THAT MAY INCREASE THE RISK OF INVESTMENT LOSS, CAN BE ILLIQUID, ARE NOT REQUIRED TO PROVIDE PERIODIC PRICING OR VALUATION INFORMATION TO INVESTORS, MAY INVOLVE COMPLEX TAX STRUCTURES AND DELAYS IN DISTRIBUTING IMPORTANT TAX INFORMATION, ARE NOT SUBJECT TO THE SAME REGULATORY REQUIREMENTS AS MUTUAL FUNDS, OFTEN CHARGE HIGH FEES, AND IN MANY CASES THE UNDERLYING INVESTMENTS ARE NOT TRANSPARENT AND ARE KNOWN ONLY TO THE INVESTMENT MANAGER.

John Mauldin Archive

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules