Trump mulls crashing Aussie house prices

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War headlines today.

  • The Israeli military bombs Lebanon.
  • Saudi Arabia says a drone launched by the Houthis towards Mecca was intercepted, while the Houthis call it a “nauseating lie.” Is this a classic false flag to trigger the Mecca Agreement?
  • Houthis target oil facilities in Saudi Arabia’s Yanbu port and Khamis Mushait airbase. But is this old?
  • Another Hormuz ship struck by an “unknown projectile”. Plenty of those flying around.
  • Saudi says Yanbu flows will be half restored in ‘days’.

Here is a list of the countries that have condemned the probable Mecca drone false flag: Saudi Arabia, Yemen, Qatar, Kuwait, Bahrain, Jordan, Egypt, Pakistan, Bangladesh, Malaysia, Maldives, Türkiye, Lebanon, Palestine, and Somalia. That’s a good deal of bang for your buck. Is Israel or Saudi Arabia behind the probable lie? They have been working together, so perhaps both are involved. Weaponising Mecca is a very risky move for MBS.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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