by Stephen Lendman

The late Bob Chapman predicted it years ago. So does Paul Craig Roberts. It could "destroy Western civilization," he believes.

Untenable political and financial decisions put US and European economies on a collision course with disaster. Bailouts and market manipulation delay the inevitable.

A tipping point approaches. Only its timeframe is unknown.

Money power runs world economies. Wall Street and giant European banks run Western societies.

"Financial deregulation converted the financial system (into) a gambling casino....," says Roberts. Zero interest rates destroy household savings. Media scoundrels suppress ugly truths.

Western governments letting banking crooks scam the system for profits "is a system that is headed for catastrophic failure."

Bad news keeps getting worse. Public acknowledgement arrives late. Moody's June 21 downgrade of 15 major banks conceded what's been known for years.

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by Stephen Lendman

On June 22, Reuters headlined "Turkish jet downed by Syria air defenses: report," saying:

According to Lebanon's Al-Manar television, "Syrian air defenses shot down a Turkish military aircraft, quoting Syrian security sources."

Reportedly it was an F-4 Phantom fighter bomber. First introduced in 1960, McDonnell Aircraft produced it. It was used extensively during the Vietnam war. More advanced aircraft replaced it long ago.

A pilot and navigator were on board.

Turkey regularly patrols airspace close to Syria's border.

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