Morgan Stanley’s Doom Scenario: Major Recession In 2013 (CNBC)

Preparing you for the ‘Greatest Depression’.


Morgan Stanley’s Doom Scenario: Major Recession in 2013 (CNBC, Nov 20, 2012):

The global economy is likely to be stuck in the “twilight zone” of sluggish growth in 2013, Morgan Stanley has warned, but if policymakers fail to act, it could get a lot worse.

The bank’s economics team forecasts a full-blown recession next year, under a pessimistic scenario, with global gross domestic product (GDP) likely to plunge 2 percent.“More than ever, the economic outlook hinges upon the actions taken or not taken by governments and central banks,” Morgan Stanley said in a report.

Under the bank’s more gloomy scenario, the U.S. would go over the “fiscal cliff” leading to a contraction in U.S. GDP for the first three quarters of 2013. In Europe, the bank’s pessimistic scenario assumes a failure of the European Central Bank (ECB) in cutting rates and a delay of its bond-buying program.

Read moreMorgan Stanley’s Doom Scenario: Major Recession In 2013 (CNBC)

The Scariest Chart Of The Quarter: Student Debt Bubble Officially Pops As 90+ Day Delinquency Rate Goes Parabolic

See also:

America’s Lost Decade In One Simple Chart


The Scariest Chart Of The Quarter: Student Debt Bubble Officially Pops As 90+ Day Delinquency Rate Goes Parabolic (ZeroHedge, Nov 27, 2012):

We have already discussed the student loan bubble, and its popping previously, most extensively in this article. Today, we get the Q3 consumer credit breakdown update courtesy of the NY Fed’s quarterly credit breakdown. And it is quite ghastly. As of September 30, Federal (not total, just Federal) rose to a gargantuan $956 billion, an increase of $42 billion in the quarter – the biggest quarterly update since 2006.

But this is no surprise to anyone who read our latest piece on the topic. What also shouldn’t be a surprise, at least to our readers who read about it here first, but what will stun the general public are the two charts below, the first of which shows the amount of 90+ day student loan delinquencies, and the second shows the amount of newly delinquent 30+ day student loan balances. The charts speak for themselves.

This is how the Fed described this “anomaly”:

Outstanding student loan debt now stands at $956 billion, an increase of $42 billion since last quarter.  However, of the $42 billion, $23 billion is new debt while the remaining $19 billion is attributed to previously defaulted student loans that have been updated on credit reports this quarter. As a result, the percent of student loan balances 90+ days delinquent increased to 11 percent this quarter.

oh and this from footnote 2:

Read moreThe Scariest Chart Of The Quarter: Student Debt Bubble Officially Pops As 90+ Day Delinquency Rate Goes Parabolic

U.S. Supreme Court Rejects Plea To Ban Taping Of Police In Illinois

Supreme Court rejects plea to ban taping of police in Illinois (Chicago Tribune, Nov 26, 2012):

The U.S. Supreme Court on Monday declined to hear an appeal of a controversial Illinois law prohibiting people from recording police officers on the job.

By passing on the issue, the justices left in place a federal appeals court ruling that found that the state’s anti-eavesdropping law violates free-speech rights when used against people who audiotape police officers.

Read moreU.S. Supreme Court Rejects Plea To Ban Taping Of Police In Illinois

Corrections Corporation of America Used in Drug Sweeps of Public School Students

Corrections Corporation of America Used in Drug Sweeps of Public School Students (PR Watch, Nov 27, 2012):

An unsettling trend appears to be underway in Arizona: the use of private prison employees in law enforcement operations.

The state has graced national headlines in recent years as the result of its cozy relationship with the for-profit prison industry. Such controversies have included the role of private prison corporations in SB 1070 and similar anti-immigrant legislation disseminated in other states; a 2010 private prison escape that resulted in two murders and a nationwide manhunt; and a failed bid to privatize nearly the entire Arizona prison system.

And now, recent events in the central Arizona town of Casa Grande show the hand of private corrections corporations reaching into the classroom, assisting local law enforcement agencies in drug raids at public schools.

Trick or Treat

At 9 a.m. on the morning of October 31, 2012, students at Vista Grande High School in Casa Grande were settling in to their daily routine when something unusual occurred.

Vista Grande High School Principal Tim Hamilton ordered the school — with a student population of 1,776 — on “lock down,” kicking off the first “drug sweep” in the school’s four-year history. According to Hamilton, “lock down” is a state in which, “everybody is locked in the room they are in, and nobody leaves — nobody leaves the school, nobody comes into the school.”

“Everybody is locked in, and then they bring the dogs in, and they are teamed with an administrator and go in and out of classrooms. They go to a classroom and they have the kids come out and line up against a wall. The dog goes in and they close the door behind, and then the dog does its thing, and if it gets a hit, it sits on a bag and won’t move.”

While such “drug sweeps” have become a routine matter in many of the nation’s schools, along with the use of metal detectors and zero-tolerance policies, one feature of this raid was unusual. According to Casa Grande Police Department (CGPD) Public Information Officer Thomas Anderson, four “law enforcement agencies” took part in the operation: CGPD (which served as the lead agency and operation coordinator), the Arizona Department of Public Safety, the Gila River Indian Community Police Department, and Corrections Corporation of America (CCA).

It is the involvement of CCA — the nation’s largest private, for-profit prison corporation — that causes this high school “drug sweep” to stand out as unusual; CCA is not, despite CGPD’s evident opinion to the contrary, a law enforcement agency.

“To invite for-profit prison guards to conduct law enforcement actions in a high school is perhaps the most direct expression of the ‘schools-to-prison pipeline’ I’ve ever seen,” said Caroline Isaacs, program director of the Tucson office of the American Friends Service Committee (AFSC), a Quaker social justice organization that advocates for criminal justice reform.

“All the research shows that CCA doesn’t properly train its staff to do the jobs they actually have. They most certainly do not have anywhere near the training and experience–to say nothing of the legal authority–to conduct a drug raid on a high school,” Isaacs added. “It is chilling to think that any school official would be willing to put vulnerable students at risk this way.”

Welcome to Prison Town, U.S.A.

CCA, the nation’s largest for-profit prison/immigrant detention center operator, with more than 92,000 prison and immigrant detention “beds” in 20 states and the District of Columbia, reported $1.7 billion in gross revenue last year. This revenue is derived almost exclusively from tax payer-funded government (county, state, federal) contracts through which the corporation is paid per-diem, per-prisoner rates for the warehousing of prisoners and immigrant detainees.

Read moreCorrections Corporation of America Used in Drug Sweeps of Public School Students

Vatican Banker Linked To Notorious Colombian Drug Smuggler Pablo Escobar

A Vatican banker found hanged under Blackfriars Bridge in 1982 had previously undisclosed links to the notorious Colombian drug smuggler, Pablo Escobar, the author of a new book has claimed.

God’s banker linked to Pablo Escobar (Telegraph, Nov 26, 2012):

Roberto Calvi, who earned his nickname for his close ties to the Vatican Bank, was found hanged beneath Blackfriars Bridge in London amid strong suspicions that he was murdered.

Ayda Suarez Levy, the widow of a Bolivian druglord, claims that Calvi was laundering drug cartel money through an account in Nassau, in the Bahamas, on behalf of South American drug lords.

The Cocaine King sheds new light on Calvi’s death, which remains one of the Vatican’s darkest chapters and most contested mysteries.

Mrs Levy, the widow of Roberto Suarez Gomez, claimed in an interview on Italian television on Monday that Mr Calvi was her husband’s “Italian contact”.

“He said he could vouch for us,” she told Italy’s Channel Seven television.

“He said by vouching for us at such a high level, business would go well for us. I imagine he was talking about cocaine. He was not explicit but I imagine that is what it was about.”

Ms Levy recounted an encounter involving her husband and Gunter Sachs, a multi-millionaire German playboy who was the third husband of Brigitte Bardot.

She said that six months before Calvi’s death, she and her husband met Mr Sachs on a trip to Switzerland and they discussed the Italian banker.

Mr Sachs, who committed suicide in his Swiss chalet last year at the age of 78, reportedly told the Bolivian drug baron: “Calvi is very scared because Pablo Escobar wants his money back from the bank in Nassau.”

Read moreVatican Banker Linked To Notorious Colombian Drug Smuggler Pablo Escobar

America’s Lost Decade In One Simple Chart

America’s Lost Decade In One Simple Chart (ZeroHedge, Nov 28, 2012):

Forget the stock market’s dismal decade of much-ado-about-nothing and ignore the USD Dollar’s declination; when it comes to reflection on what this once great nation has ‘created’ since 2001, the following chart from Pennsylvania’s Department of Public Welfare sums it up better than most.

See also:

Why $16 Trillion Only Hints At The True U.S. Debt (Wall Street Journal, Nov 26, 2012):

“The actual liabilities of the federal government—including Social Security, Medicare, and federal employees’ future retirement benefits—already exceed $86.8 trillion, or 550% of GDP. For the year ending Dec. 31, 2011, the annual accrued expense of Medicare and Social Security was $7 trillion. Nothing like that figure is used in calculating the deficit. In reality, the reported budget deficit is less than one-fifth of the more accurate figure.”

Read moreAmerica’s Lost Decade In One Simple Chart

New U.S. Sanctions To End ‘Turkey’s Game Of Gold For Natural Gas’

What would happen if  the same sanctions that are imposed on Iran would be forced upon the US?

Ron Paul: Sanctions Against Iran Are an ‘Act of War’:

Ron Paul told voters in Iowa that western sanctions against Iran are “acts of war” that are likely to lead to an actual war.

Paul said that Iran would be justified in responding to sanctions by blocking the Straits of Hormuz, adding that the country blocking the strategically important strait is “so logical” since they have no other recourse.

George Galloway: The Case Against War With Iran (Must-Listen!!!) (YouTube):

‘Iran Hasn’t Invaded Another Country In More Than 300 Years.’


New U.S. Sanctions To End “Turkey’s Game Of Gold For Natural Gas” (ZeroHedge, Nov 28, 2012):

Currency wars are set to intensify as the US Senate is considering new sanctions against Iran that would prevent Iran getting paid for its natural resource exports in gold bullion.

The new sanctions aimed at reducing global trade with Iran in the energy, shipping and precious metals sectors may soon be considered by the U.S. Senate as part of an annual defense policy bill, senators and aides said on Tuesday, according to Reuters.

The sanctions would end “Turkey’s game of gold for natural gas,” Reuters reported a senior Senate aide as saying, referring to reports that Turkey has been paying for natural gas with gold due to sanctions rules.

The legislation “would bring economic sanctions on Iran near de facto trade embargo levels with the hope of speeding up the date by which Iran’s economy will collapse,” the aide said.

Read moreNew U.S. Sanctions To End ‘Turkey’s Game Of Gold For Natural Gas’

Why $16 Trillion Only Hints At The True U.S. Debt (WSJ)

From the WSJ article:

“The actual liabilities of the federal government—including Social Security, Medicare, and federal employees’ future retirement benefits—already exceed $86.8 trillion, or 550% of GDP. For the year ending Dec. 31, 2011, the annual accrued expense of Medicare and Social Security was $7 trillion. Nothing like that figure is used in calculating the deficit. In reality, the reported budget deficit is less than one-fifth of the more accurate figure.”

But wait it gets worse:

FLASHBACK:

US National Debt At $14 Trillion? Try $211 Trillion!!! (NPR, August 6, 2011):

“If you add up all the promises that have been made for spending obligations, including defense expenditures, and you subtract all the taxes that we expect to collect, the difference is $211 trillion. That’s the fiscal gap,” he says. “That’s our true indebtedness.”

Prof. Kotlikoff: ‘The US is bankrupt’, Government Debt At $200 Trillion – 840 Percent of Current GDP (The Globe And Mail, Oct 27, 2010):

Boston University economist Laurence Kotlikoff says U.S. government debt is not $13.5-trillion (U.S.), which is 60 per cent of current gross domestic product, as global investors and American taxpayers think, but rather 14-fold higher: $200-trillion – 840 per cent of current GDP. “Let’s get real,” Prof. Kotlikoff says. “The U.S. is bankrupt.”

And again, prepare for total collapse.


Cox and Archer: Why $16 Trillion Only Hints at the True U.S. Debt (Wall Street Journal, Nov 26, 2012):

Hiding the government’s liabilities from the public makes it seem that we can tax our way out of mounting deficits. We can’t.

A decade and a half ago, both of us served on President Clinton’s Bipartisan Commission on Entitlement and Tax Reform, the forerunner to President Obama’s recent National Commission on Fiscal Responsibility and Reform. In 1994 we predicted that, unless something was done to control runaway entitlement spending, Medicare and Social Security would eventually go bankrupt or confront severe benefit cuts.

Eighteen years later, nothing has been done. Why? The usual reason is that entitlement reform is the third rail of American politics. That explanation presupposes voter demand for entitlements at any cost, even if it means bankrupting the nation.

A better explanation is that the full extent of the problem has remained hidden from policy makers and the public because of less than transparent government financial statements. How else could responsible officials claim that Medicare and Social Security have the resources they need to fulfill their commitments for years to come?

Read moreWhy $16 Trillion Only Hints At The True U.S. Debt (WSJ)

Very Angry Dairy Farmers Hose EU Headquarters And Riot Police With Milk (Video)


YouTube Added: 26.11.2012

Description:

Thousands of dairy farmers on Monday protested low prices for their product, choking traffic in the Belgian capital with their tractors and spraying European Union headquarters and police with milk. One group started a fire in the street, but despite some pushing and shoving with police, there was no major violence. Farmers from several EU nations are demanding higher prices for milk, which currently is often being sold at below production costs, threatening the survival of their farms.

Are The Feds Preparing For Civil War? (Infographic)

Yes, and here is one of many good reasons why:

Why $16 Trillion Only Hints At The True U.S. Debt (Wall Street Journal, Nov 26, 2012):

“The actual liabilities of the federal government—including Social Security, Medicare, and federal employees’ future retirement benefits—already exceed $86.8 trillion, or 550% of GDP. For the year ending Dec. 31, 2011, the annual accrued expense of Medicare and Social Security was $7 trillion. Nothing like that figure is used in calculating the deficit. In reality, the reported budget deficit is less than one-fifth of the more accurate figure.”

Prepare for the greatest financial collapse in world history.


Are the Feds Preparing for Civil War?
Image compliments of Criminal Justice Major Degrees

Ben Swann: ‘No Country Would Tolerate Missiles From Outside Borders’ (Video)


YouTube Added: 26.11.2012

Description:

Ben Swann takes a look at the statement last week by President Obama that “No country would tolerate missiles being fired from outside their borders”. We compare the numbers on U.S drone strikes in Yemen and Pakistan.

Shanghai Composite Drops To Four Year Low As China Says Over 1 Million Jobs Per Month Created

Shanghai Composite Drops To Four Year Low As China Says Over 1 Million Jobs Per Month Created (ZeroHedge, Nov 27, 2012):

Lately it seems that the entire world has become a complete basket case of economic data and market manipulation. On one hand, as we reminded yesterday, the disconnect between US economic fundamentals and the market has hit levels that imply the S&P is rich by 200 points. On the other, this morning the Chinese stock index, the Shanghai Composite, closed at a level of 1991: this was the first sub-2000 close since 2009 so early one can make it 2008.

Why is this happening? One simple reason: for all its talk, the PBOC has refused to intervene in the market by cutting wholesale rates, and while Overnight Reverse Repos are enough to fool the naive Americans that the Chinese economy is better (it isn’t), the locals know better. The locals also know that without any major monetary injection from within, stocks just won’t go up (confirming that in the New Normal one can throw away all fundamental data once and for all and focus simply on where easy money is coming from).

Yet the punchline in today’s data is the report from the People’s Daily, that in the first ten months of the year, a total of 11.2 million urban jobs have been created, or about 1.1 million per month on average (in context, the US has a problem with creating 150K jobs/month). Ignoring for a fact that this data is total manipulated garbage, is it now safe to say that no news has any impact whatsoever on the global monetary policy playing field once known as stock markets?

‘Many People From Even Tokyo Have Thyroid Problems Already’

Watch: “All who met with Fukushima’s radioactive fallout are probably to have some problem with the thyroid” — Many in Tokyo already with problems (VIDEO) (ENENews, Nov 26, 2012):

Title: Report on the “Learn from Chernobyl” tour in Japan
Source: ERF2012 (Cinema Forum Fukushima)
Date: Nov 25, 2012

Ms. Kazuko Kawai, Founder of Voices for Lively Spring (a Japan-based human rights organization and a grass-root organization): Unfortunately, I have to say many people from even Tokyo have thyroid problems already developing.

It’s not a problem only in Fukushima, but all the people who met with this radioactive fallout are probably have some problem with the thyroid.

Watch the video here

Flashback:

U.S. Navy Vice Admiral Alan Thompson Reported 1,500 MICROSIEVERTS Per Hour Thyroid Dose South Of Tokyo On March 20, 2011

See also:

Fukushima: More Then 42% of Children Have Thyroid Nodules Or Cysts (German TV Video, Nov 18, 2012):

More than 42% of 57,000 tested children have nodules or cyst, reports Dr. Suzuki who leads the examinations. In Chernobyl they found only 0.1 – 1%.

COLLAPSE: 20 Facts About Hunger In America That Will Blow Your Mind

Hungry For The Holidays: 20 Facts About Hunger In America That Will Blow Your Mind (Economic Collapse, Nov 26, 2012):

All over America there are millions of people that will be missing meals and going hungry this holiday season.  Even as much of the country indulges in the yearly ritual of unbridled consumerism that we refer to as “the holiday season”, more families in the United States than ever before will be dealing with not having enough food to eat.  Food stamp use is at an all-time high.  Demand at food banks is at an all-time high.  They keep telling us that we are in an “economic recovery” and yet the middle class continues to shrink and the number of Americans living in poverty just continues to grow.  We are witnessing unprecedented hunger in America, and this especially seems tragic during the holidays.  Much of the country is partying as if the good times will never stop, but families that are living from one meal to the next are facing a completely different reality.  How do you tell your children that there isn’t going to be any food to eat for dinner?  How do you explain to them that other families have plenty to eat but you don’t?  Sadly, many food banks are overstretched at this point.  All over the nation, food pantries have actually had to turn people away because of the overwhelming demand.  And more Americans used food stamps to buy their Thanksgiving dinners this year than ever before.  This is a problem that is not going away any time soon, and when the next major economic downturn strikes the problem of hunger in America is going to get even worse.

Read moreCOLLAPSE: 20 Facts About Hunger In America That Will Blow Your Mind

The EU Clowns & The Greek Circus

“Greece Is Re-Re-Saved” – Caption Contest 11/27/2012 07:54

Europe’s Latest Can-Kicking Euphoria Fading Quick 11/27/2012 – 07:18:

It wouldn’t be Europe if the insolvent continent did not announce, to much pomp and circumstance, another final rescue for a broke country which was nothing but a short-termist can kicking exercise. It also wouldn’t be Europe if the leaders did not do much if any math when coming up with said “rescue”, and it certainly wouldn’t be Europe if the initial EURphoria following such an announcement was not promptly faded. Sure enough, all three have now occurred with the EURUSD soaring to over 1.3000 in the moments after last night’s soon to be obsolete announcement, only to see a gradual and consistent sell off over the next several hours, dropping to a week low of just under 1.2940 as details emerged that… there were not details. To wit, as Market News reported:

  • EU COMMISSION: FUNDING FOR GREECE DEBT BUYBACK NOT WORKED OUT YET

In other words, the use of funds for the third Greek bailout has been more than detailed. The only tiny outstanding issue – the source of funds.

But don’t worry: Europe’s magic money tree is second to none when it comes to fruiting “confidence”, “hope” and other such European synonyms to BS.

Greece Kicks The Can For The Third Time – SocGen’s Take: “More Will Be Needed” 11/27/2012 – 03:32

Mark Grant On Greece: “There Is No Deal Here” 11/26/2012 – 20:45

We Have A New New New Greek Deal – Full Details And Live Webcast 11/26/2012 – 19:46

False Alarm: No Deal Yet – This Is After All The Circus Known As Europe – Live Webcast 11/26/2012 – 17:48

Greece Is Saved, Again, As Eurozone And IMF Reach Deal On Greek Debt/GDP of 124% By 2020 11/26/2012 – 17:13

Fracking The Great Lakes

Flashback:

– Former governor Jesse Ventura Conspiracy Theory: ‘Worldwide Water Conspiracy’ (FULL LENGTH)

(Links on fracking are down below.)


Fracking The Great Lakes (Nation Of Change, Nov 25, 2012):

The Great Lakes hold 20 percent of the world’s fresh surface water. The good news is that legacy contaminants are decreasing more quickly than previously reported in three of the Great Lakes, but have stayed virtually the same in two other lakes, according to new research. Polychlorinated biphenyls (PCBs), the pesticide DDT and other banned compounds dropped about 50 percent in fish in Lakes Michigan, Ontario and Huron from 1999 through 2009, although there were no significant changes in Lakes Superior and Erie fish, according to the study to be published this month in Science of the Total Environment.

“These are very positive results. The lakes are improving and slowly cleaning themselves up,” said Thomas Holsen, co-director of Clarkston University’s Center for the Environment and co-author of the study. “Even with the decreases, it will be 20 to 30 years until the decades-old contaminants in Great Lakes fish decline to the point that consumption advisories can be eliminated,” Holsen said.

All good news, except as we clean up the old chemicals like Polychlorinated biphenyls (PCBs), the pesticide DDT and other banned compounds they are being replaced by newer ones, such as flame retardants that are building up in fish and wildlife and chemicals we are not yet even looking for from oil and gas development.

Today, the natural gas industry is beginning horizontal hydraulic fracturing all around the Great Lakes to extract gas. It is against the law to frack under the lakes but there are no laws about fracking near streams, creeks, rivers that empty into the lakes. This is insane. Hundreds of toxic chemicals are injected under pressure into the ground to fracture the shale formation. Not all of these chemicals are retrieved after the fracking is done. In fact the common gas well leaves behind about 30 percent of the chemicals, radioactive materials and brine. It’s unbelievable, hundreds of chemicals injected all around our fresh water lakes that both the U.S. and Canada have worked for decades to clean up.

Read moreFracking The Great Lakes

US-Created ‘Syrian Opposition’ Led by Big Oil Rep

Libya 2.O. There is only one major problem with Syria (or Syria would have been finished off a long time ago) and that is Russia:

Russia’s Chief of Staff General Nikolai Makarov: Russia Not To End Military Presence In Syria

Russia: Military Intervention In Syria Will Lead To Catastrophe (Video)

Russia Sends Three Warships To Syria Carrying Hundreds Of Marines

Related info:

Syrian Insurgents Reject West-Imposed Coalition, Declare Own Islamic State

‘Clinton & Al-Qaeda On One Side Of Syrian War Barricades’ (Video)

The CIA’s Muslim ‘Outfit,’ – The Muslim Brotherhood (Veterans Today)


US-Created “Syrian Opposition” Led by Big Oil Rep (Activist Post, Nov 25, 2012):

A year ago, it was reported that Libya’s new NATO-installed prime minister, Abdurrahim el-Keib, was in fact a long-time US resident, having taught at the University of Alabama and was formally employed by the Petroleum Institute, based in Abu Dhabi, UAE and sponsored by British Petroleum (BP), Shell, France’s Total, the Japan Oil Development Company, and the Abu Dhabi National Oil Company. El-Keib is listed as a “Professor and Chairman” in his Petroleum Institute profile which also describes extensive research conducted by him sponsored by various US government agencies and departments over the years.

His long history of serving and working in coordination with Western governments and corporations made him and his collaborators the ideal candidates to prepare Libya for its place within the Wall Street-London international order.

Now it is revealed that the US-handpicked opposition, announced in Doha, Qatar earlier this month, is led by a similarly compromised figure, Moaz al-Khatib. The corporate-financier-funded Carnegie Endowment for International Peace reported of al-Khatib that:

Read moreUS-Created ‘Syrian Opposition’ Led by Big Oil Rep

AGENDA 21 For BEGINNERS (Video)


YouTube

Related info:

Conspiracy Theory with Jesse Ventura – Doorway to a New World

YouTube

Jesse Ventura discovers DEPOPULATION is the plan

YouTube

Bill Gates Admits Vaccines Are Used for Human Depopulation

YouTube

Russian Expert Warns Of Possibility Of Large-Scale War In Middle East

Turkey has asked NATO to deploy “Patriot” missiles on the Turkish side near the Turkish-Syrian border.

Russian expert warns of possibility of large-scale war in Middle East (Voice of Russia, Nov 24, 2012):

In an interview with the Voice of Russia, Russian analyst Konstantin Sivkov said: “Deploying these missiles in Turkey will be dangerous for Syrian military planes – this is obvious. A lesser obvious thing is that Turkey is getting ready for a war against Syria. If an attack on Syria from the territory of Turkey does take place, this will most likely be an attack not of the Turkish army, but of NATO’s forces.”

“The Middle East is getting ready for a large-sale battle which will very likely affect the Russian part of the Caucasus, and this, in its turn, will be reflected on the entire Russia,” Mr. Sivkov added.

Read moreRussian Expert Warns Of Possibility Of Large-Scale War In Middle East