David P. Goldman, Asia Times: America’s Syrian humiliation is worse than it looks
Turkey’s attack on US-backed Kurds this week comes as a new set of economic relationships emerges to bankroll Ankara's regional ambitions.
Turkey’s “Olive Branch” incursion against Kurdish positions in Northern Syria this week looked bad for Washington. It’s worse than it looks: Turkey cemented a new set of strategic and economic relationships after defying the United States, its erstwhile main ally. Ankara now has financial backing from China and Qatar and the strategic acquiescence of Russia and Iran. Most of all, it has the financial backing to pursue its regional ambitions.
Turkey reportedly killed several hundred Kurdish and allied Arab fighters this week, reducing an American-supported force that had done most of the fighting against ISIS in Syria. US-Turkish relations are at an all-time nadir, but Turkey’s financial markets remain unruffled. Washington has hard words for Turkey, but no sticks and stones.
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WNU Editor: This is one of those analysis that you hope is wrong .... but you know in your gut is right. This is my must read for today.
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