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Dr. Jim Willie: Western Banking Is Totally Broken, Insolvent and Corrupt (Video)
Provided that you are someone who doesn’t rely on the mainstream media for anything more than entertainment, and you get your actual “news” elsewhere, then you already know that, “[T]he Western central bank franchise system is totally broken, totally insolvent, totally corrupt,” and it’s been inviting the return of a Gold Standard for some time.
More than likely, you also already know that it won’t be a United States Gold Standard that global financial system defers to when the U.S. Dollar finally takes it’s last gasp of air before dying on the operating table. The entire financial system of the Western banking system and the U.S. Dollar were built upon a debt-based monetary system, and the debt saturation process has run its full course.
The days of the U.S. Dollar are numbered, and anyone who has followed the work of Dr. Jim Willie for even a short while, should already know that. However, Because of his sarcastic manner, and the informal atmosphere in which Dr. Willie often conducts his interviews, sometimes it can be difficult to understand (or take seriously), the points he is making.
So, for anyone looking to better understand the basis of some of Dr. Willie’s more recent forecasts, the article below is written by Dr. Willie himself, and it contains all the details one could ask for that support the positions he has often discussed during many of his most recent prior interviews.
The interview is about three weeks old, but it’s also his most recent. During the interview, just a few of the topics include how recent geopolitical and economic events have begun to severely fracture NATO, and how post-Brexit the European Commission is becoming largely irrelevant as a governing body.
With respect to the death of the U.S. Dollar, Dr. Willie discusses how the Chinese will launch new short term RMB notes backed by gold, causing even more countries to abandon the U.S. Dollar when settling foreign trade debts. Then, to facilitate the U.S. Dollar’s transition from the slow precipitous decline we’ve seen in recent years, into a complete collapse, Dr. Willie explains how we should expect the IMF to soon back it’s Special Drawing Rights (SDR’S) with gold, in conjunction with the Saudi’s abandoning the PetroDollar for good.
Stay tuned at the conclusion of Dr. Willie’s technical analysis below, for another good look into the death of the Dollar, in a full-length documentary titled, “End of An Empire: America Destroyed From Within /Death by Bank-ism.”
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The Western central bank franchise system is totally broken, totally insolvent, and totally corrupt. It invites the Gold Standard return. The entire financial system is built upon a debt-based monetary system. The debt saturation process has run its full course. The central bank heads have been covering the sovereign debt for the last five years, having rendered their balance sheets as ruined. Debt is at obscene levels, like $19.7 trillion for the USGovt. No debt limits are in place anymore, a signal that most likely it has already defaulted. A hidden game is underway, with control lost to the creditors, even as they attempt to salvage their debt holdings. The major central banks continue to manage badly the great game, where money is fake phony and a farce. A titanic battle is underway, where the Eastern nations are discarding their USTreasury Bonds, and doing so in tremendous volume while they set up the many platforms and pieces to the Gold Standard.
The US Federal Reserve monetary policy of hyper-inflation has failed to revive the USEconomy, failed to legitimize the debt securities, failed to halt the financial corruption, and failed to stem capital destruction. The official monetary policy has only succeeded in preventing the failures of almost all big Western banks. They are all insolvent, mostly supported by narco money laundering in the hundreds of $billions. The Eastern super-powers are leading a campaign to put aside the US$-based financial system, isolate it to the sidelines, while arranging a new system. The Gold-based system will be complete with its currency, sovereign debt securities, transfer systems, global offices, and debt rating agencies, maybe even debit cards. The East strives to install the Gold Standard as the remedy to the ongoing global financial crisis. The West has made exactly no movement toward solution, remedy, or enforcement against bond. Four graphs display the broken unfixable bizarre situation.
Graph 1 – BALANCE SHEET DESTRUCTION
Central bank balance sheets could take decades to normalize, so the conventional thinking goes. Their balance sheets will never return to normal. Most assets of toxic paper are far more worthless than junk bonds. A normalization process would require at least 50 years of more financial repression and deep corruption. A massive global debt writedown of sovereign bond is coming, on the back end of the Global Financial RESET. Think paradigm shift of the most disruptive type while power shifts eastward. The risk of war rises.
The big Western banks find themselves in an impossible Catch-22 situation. The markets are addicted to QE and its destructive money hyper inflation. Federal Reserve policymakers have acknowledged that their $4 trillion balance sheet will not shrink any time soon. Also, Bank of England officials talk of crisis fighting tools as semi-permanent fixtures. In Asia, the Bank of Japan has developed a new monetary policy framework that features admitted infinite QE. The financial crisis the balance sheet volume to GDP ratios for the Bank of England and USFed have peaked at around 25%, the highest level ever recorded. Uncharted territory has been entered.
The USFed balance sheet ratio to GDP previously reached 23% in 1940 during World War II. The Bank of England ratio approached 20% in the 1730s during the South Sea Bubble scheme, 1816/17 during the Great Re-coinage, the 1830s/1840s following other wars, and in the immediate aftermath of WW2. In every scenario above, the central banks managed to unwind their balance sheets. But then the great unwinding took decades, up to 60 years in some cases. This time is different. No economic growth is anywhere remotely on the current horizon, nothing sufficient to unwind the tremendous debt burden. This is where the conventional analyst turns stupid, even locked in fantasy. They assume the GDP growth has been around 3% in recent years, when it has been closer to minus 4% or minus 5% each year since 2008 in a fierce recession with strong feedback loops. We are not on the verge of economic expansion, which can relieve the balance sheet toxicity, but rather a financial reform to sweep away the USDollar and to render its USTreasury Bonds as near worthless paper. The next chapter will be centered upon the Gold Standard, first in trade payment, next in bank reserves, finally in currencies.
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The installation of the Gold Standard will render almost all US$-based debt securities as toxic paper, much like African Govt Bonds. QE might have bought time for the big US banks, but it guaranteed the kill of the USEconomy as host, and the default of the USGovt debt. No semblance of return to normalcy can come. This is why war is being vigorously pursued, to retain power.
Graph 2 – CONCENTRATION OF CENTRAL BANK ASSETS
Big Central Bank assets have jumped the fastest in five years to $21 trillion. The toxic sovereign bond bubble is the largest bubble in history. Four major central banks control 75% of all central bank assets. Any currency reform must come from a major nation and its lead. The majority of the world’s central bank assets are controlled by four sites: China, the United States, Japan, and the European Union. The next six each account for an average of 2.5%, namely the central banks of Brazil, Switzerland, Saudi Arabia, the United Kingdom, India, and Russia. The major nations control toxic vats of deeply impaired debt paper which nobody wants.
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The big four central banks are often called the major central banks. They are from the so-called industrialized nations, when in fact they are from former industrial states with a strong leaning toward New Third World status. They control the global financial structure and rig markets in order to keep it stable. If any changes are to come to the USDollar and the King Dollar reign of terror, the reform will be done by a major central banks with support from an alliance of other nations. Do not expect reform. Instead expect a revolution from the East, as it installs the Gold Standard in certain key spots. The best one can expect is a dual financial universe, where the USDollar is gradually phased out.
Graph 3 – Dumping of USTreasury Bonds in Worldwide Trend
A truly massive international dumping of USDollars has entered a second powerful phase. The Saudis and China recently dumped huge blocks of USTreasury Bonds. Foreign central banks liquidated a record $346 billion in USGovt debt securities in the last 12 months, the trend having accelerated. Numerous factors contribute to the dumping, which manifests the fading global confidence in the USDollar. Amplified Quantitative Easing (QE) volume soaks up the large volumes dumped on the bond market, further eroding the faith in fiat currency.
One month ago, a troublesome sharp decline was seen in the USTreasurys held in custody, which is the formal way to describe central bank holdings kept at the USFed computer banks. The amount fell by over $27.5 billion in a single week, the biggest weekly drop since January 2015. One month later the trend continues with powerful force, enough to capture global attention. The custody volume fell sharply again by another $22.3 billion in the past week, pushing the total amount to $2.805 trillion, another fresh post-2012 low. The foreign central banks have continued their relentless liquidation of US debt securities held in the USFed’s official custody account. History is being made, as global sentiment and conditions are changing in fierce mode. The King Dollar throne is having its legs removed, kicked out, and cut off. Most financial analysts refuse to put the factors in such stark terms, but the Jackass does so naturally and without hesitation. Three dynamics can be identified as the principal proximal factors, detailed in the Hat Trick Letter for the October edition in the reports.
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A month ago was observed a massive $343 billion in USTreasury sales by foreign central banks in the period July 1st 2015 to July 1st 2016, something truly unprecedented in size. Fast forward to the latest monthly update, which was posted as July data. All have gone worse. The running latest 12 months (LTM) in foreign central bank sales shot up to a new all time high $346.4 billion. Thus over one third of a $trillion in USTreasurys were sold in the past 12 months. Recall that in three months late in 2015, the Chinese sold $250 billion in USTBonds, which forced the IMF inclusion of the RMB into their formal basket of currencies. The dumping has been global, massive, and without precedent. China is the major seller, while the Saudis are the newest sellers. The broken Outhouse of Saud requires the funds to offset the collapse of the Petro-Dollar, and to backstop the country’s soaring budget deficit made worse by the obscene Yemen War.
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The official story is told that private investors, both foreign and domestic, are soaking up hundreds of $billions in central bank holdings being sold on the bond market. The other dubious story is that bond yields are rising slightly, given the newfound concerns the USFed, the Bank of Japan, and maybe even the EuroCB will soon taper their purchases. The bigger factor (surely not private investors) is the USFed ramping up hidden QE volume in a huge way, buying the massive bond dumpings, all kept secret and quiet so as not to disturb the pristine AAA rating of the USTBond toxic paper. Expect continued debt monetization of theUSGovt deficit, of which perhaps 75% is supported by the African style printing press. The USEconomy cannot grow its way out of the debt. They will monetize it until it default on the global stage.
The QE process cannot take in all the dumped USTBonds without psychological damage. The USDollar confidence is eroding globally. Faith in the USDollar is eroding very quickly. The nation is moving along in the US isolation process, identified as rogue nation on the financial front, terrorism front, laced vaccine front, and war front. Just the Jackass opinion.
Graph 4 – Evidence of USTBond Bubble (versus Diamonds)
The USTreasury Bond bubble is the second biggest asset bubble is history, behind the residential real estate bubble in the last decade. The USTBonds are a massive sanctioned Ponzi Scheme, signifying the default of the USGovt debt and failure of its sovereign bond. The Elite controllers talk of a flight to safe haven, when in reality it is a leap into a black hole and toxic vat. Motive is to keep USGovt borrowing costs to minimal levels while the debt soars toward the $20 trillion mark. The gigantic black hole attracts legitimate capital from around the world. All will be subject to heavy losses. The USTreasury Bond asset bubble is supported by three major forces: the USFed monetary hyper inflation, the Interest Rate Swap derivative contract, the bond carry trade managed by Wall Street banks. More details are provided in the Hat Trick Letter for October.
The relation between top tier assets should remain stable, such as diamonds, special gemstones, classic art works & sculptures, special jewelry items, icon properties, and more. However, the bond price for USGovt debt has gone haywire, rising far beyond anything reasonable. Check out an unusual chart above, for the bond value versus the standard benchmark diamond price. This is a clear visible nasty bond bubble, which will burst just like the US housing market bubble that nobody in the mainstream moronic arenas expected. The Jackass correctly forecasted the housing market bust one year before it occurred. No longer are diamonds a girl’s best friend. It is USTBonds.
GOLD TRADE NOTE INTRODUCTION
The Gold Trade Notes for trade payment might be coming into view, initially with commodity transfers, later swap contracts, and finally gold-backed short-term notes which supplant the USTBill. One might think of used newspapers on the floor, or of the dodo bird. The trade might be made in exchange for either goods delivered or USTBills held. Detect a growing connection to finished goods being withheld from delivery. This is probably another sign of refusal of USTBills as payment. As footnote, be sure to know that the preliminary steps to the Global Currency RESET will not be laid out in full disclosure for public benefit. It represents a tremendous investment opportunity for the elite, which they never tend to share. In fact, the RESET might be well along before it is even recognized. End to EuroRaj main thoughts and open analysis, for which much gratitude is given. The Jackass believes a few critical elements to the RESET are in place. More details on DIP Financing feature is included in the September Hat Trick Letter report.
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***A major hitch obstacle can be inferred. Payment in USD terms might be the clot in the artery. Demands might be for hard asset swaps, and the contract security from large scale commitment of commodities, facilities, and property. The swap trade is coming into view, a presage of the Gold Trade Note.***
The Jackass concludes the USD rejection could be lifting its head within a gathering storm, without clear identification. It is indeed difficult to identify all the elements when hidden deals at the highest level are underway, and friction is omnipresent. The Bobcat Corp rejection of USTBills at Pacific ports is a clear story. For every one story recounted, there are 10 to 20 not yet heard. My firm belief is that in Asian banking systems, they do not want the USTBills anymore. The banks in Asia are trying to dump them in heavy volume, not accumulate more worthless toilet paper. Finally the sharp blowback from printing QE money has hit. The USFed monetary policy saves the big insolvent banks, but kills capital. The result has finally seen manifested in USD global rejection, or at least hints toward the same. Asian banks still hold vast sums of USTBonds. They are not going to announce the rejection, but instead fight behind the walls for better terms of payment, even as they pursue the Gold Trade Note for payment at ports. It is coming, like daybreak follows the long night.
NEW SCHEISS DOLLAR & GOLD TRADE STANDARD
In time, expect an eventual refusal by Eastern producing nations to accept USTreasury Bills in payment for trade. The IMF reversal decision assures this USTBill blockade in time, and might accelerate the timetable. The United States Govt cannot continue on five glaring fronts of gross negligence and major violations. These violations have prompted the BRICS & Alliance nations to hasten their development of diverse non-USD platforms toward the goal of displacing the USDollar while at the same time take steps toward the return of the Gold Standard.
The New Scheiss Dollar will arrive in order to assure continued import supply to the USEconomy. It will be given a 30% devaluation out of the gate, then many more devaluations of similar variety. The New Dollar will fail all foreign and Eastern scrutiny. The USGovt will be forced to react to USTBill rejection at the ports. The US must accommodate with the New Scheiss Dollar in order to assure import supply, and to alleviate the many stalemates to come. The United States finds itself on the slippery slope that leads to the Third World, a Jackass forecast that has been presented since Lehman fell (better described as killed by JPM and GSax). The only apparent alternative is for the United States Govt to lease a large amount of gold bullion (like 10,000 tons) from China in order to properly launch a gold-backed currency. Doing so would open the gates for a generation of commercial colonization, but actual progress in returning capitalism to the United States. The cost would be supply shortages to the USEconomy, a result of enormous export increases to China.
The colonization has already begun, with secret deals galore. It is very unclear what deals are being struck in order to arrange for the USGovt to have a proper gold reserve hoard, for backing a new legitimate USDollar. Meetings at very high level are in progress, with little if any popular representation, only elite members present. Failure to produce a legitimate bonafide gold-backed currency would mean the United States must proceed with the New Scheiss Dollar, an illegitimate fake phony farce of a currency. It would be subjected to a series of devaluations. The result would be heavy powerful painful price inflation from the import front. The effect would be to reverse a generation of exported inflation by the United States. The entire USEconomy would go into a downward spiral with higher prices, supply shortages, and social disorder. However, the rising prices would come from the currency crisis, and not so much from the hyper monetary inflation. That flood of $trillions has been effectively firewalled off.
In keeping with everything just laid out by Dr. Willie, the following video is a documentary like none you’ve ever seen before. It’s titled, “The End of An Empire: America Destroyed From Within /Death by Bank-ism.” The film questions many of the very systems mankind has created over the centuries, and how those same systems have been manipulated, and even corrupted, often to serve the interests of an elite few.
Furthermore, because mankind can learn to survive under almost any conditions, the very trait that has allowed us to endure for so long, could be the same one responsible for our downfall.
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IF YOU READ NOTHING ELSE, THE FOLLOWING POSTS ARE ESSENTIAL:
Bill Holter: Between Now and Election Will Be Extremely Dangerous (Video)
Dr. Jim Willie: We Are on the Brink of World War; Americans Totally Clueless - Pt. 1
Dr. Jim Willie: We Are on the Brink of World War; Americans Totally Clueless - Pt. 2
Dr. Jim Willie Reveals 2nd Death Threat From U.S. Government (Video)
Bill Holter: Newly Solidified Chinese Superpower Will Replace Dead U.S. Dollar (Interview)
Peter Schiff: Don’t Believe the Hype! The Real Economic Fallout From Brexit (Video)
How Will the U.S. Conduct Trade With Worthless U.S. Dollars and No Gold? (Video)
Why Did Illuminated George Soros Liquidate 37% of His Stock to Buy Gold? (Video)
What Exactly Does Global Economic Collapse Coming May 2016 Mean?
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there are national banking systems… there is no uniform EU banking system. The EU central bank only makes the Euro coins… and that is only for the euro coin using countries.. which is 19 out of the 53 countries in europe
hahaha, you wish… EU national central banks are now offshoots of the ECB.
Cash payments and security transfers above 1k euros have to go through ECB and the likes.
Now, with SEPA and T2, it’s the same for security and cash settlements.
Basic legal requirements and regulations are the same in the EU. Countries can reinforce if they wants.
Belgium Fortis bank collapsed. it split into 2 different banks. Had no effect on the EU banking system at large. Because there isn’t uniform universal banking system in the EU
It is a criminal gang that is for sure.
BREAKING NEWS 27.October.2016 COMPLETE UPDATE
Syria in Past 24 Hours: Scores of Militants Killed, Wounded in Aleppo
Syria in Past 24 Hours: Scores of Militants Killed, Wounded in Aleppo
The Syrian army and its allies continued to advance in different parts of Aleppo and other provinces, killing and wounding dozens of terrorists.
Aleppo
Syrian Army troops, the Lebanese Hezbollah and Iraqi al-Nujaba Movement are engaged in an intense battle with Jeish al-Fatah in Housing Project 1070 in Southwestern Aleppo city, capturing more positions in the battlefield, military sources said Wednesday.
“The Syrian government forces continued to target Jeish al-Fatah’s strongholds in Tal (hill) al-Ahd near the newly-freed hill of Tal Bazo,” the sources said.
“In the first round of their attack, the government forces captured a part of Tal al-Ahd, inflicting major damage and heavy casualties on the militants,” they added.
“With the seizure of Tal al-Ahd, the Syrian army and popular forces will be able to storm another main position of Jeish al-Fatah in Tal Mo’ata, which is close to al-Hikmah school, whose liberation will be easer after recapturing Tal al-Ahd and Tal Mo’ata,” the sources pointed out.
Also, military sources disclosed on Wednesday that experienced commandoes of Desert Hawks Brigade have arrived in Aleppo city to join a large-scale battle against the terrorist groups in the region.
“The Syrian Special Forces, also known as Liwa Suqour al-Sahra, are also experienced in street battle,” the sources said, adding, “The Brigade will lead the operation of government forces to drive Jeish al-Fatah out of Aleppo city and its outskirts in the next few days.”
A military source disclosed on Tuesday that the Syrian Army troops and Air Force struck a large gathering of the terrorist groups in the Northern outskirts of Aleppo city, killing or wounding scores of them and foiling their plan to hit government strongholds.
“Following sensitive intel received from army agent in the region, the Syrian government forces and fighter jets carried out surprise attacks on terrorists’ concentration centers in Haraytan and al-Malaah regions near Castello road to preempt them and defuse their plan for raiding army positions in the Northern outskirts of Aleppo city,” an army officer told FNA.
“Dozens of militants were killed or wounded in the attack, and now the Castello road is safe and under the army’s full control,” he added.
Also, in the past 24 hours, Russian and Syrian warplanes and artillery units targeted reinforcements, gatherings and military columns of the terrorist groups in Northern and Western Aleppo, preventing their move towards Aleppo city to lift the army siege on the militant-held districts, Arab media reported.
Al-Watan reported that the terrorist groups in the Northern and Western territories of Aleppo province had been preparing to launch a large-scale operation, codenamed Great Epic Operation, against government positions around Aleppo city, but the Syrian armed forces and their Russian allies in a preemptive move attacked the militants’ gatherings and foiled their plan.
“The Syrian Army’s artillery units shelled the terrorists’ gathering in the town of Kafr Dael in Northern Aleppo and near the town of al-Mansoureh in the Western countryside of Aleppo city, inflicting heavy losses on the militants, who were preparing to move towards Aleppo city,” the source said.
“In the meantime, the Syrian and Russian fighter jets targeted a convoy of terrorist reinforcements, as they were moving into the region held by Turkey-backed terrorists of Nouralddeen al-Zinki from Idlib, inflicting a heavy death toll on them,” the source went on to say.
“Three convoys of fresh militants were targeted and a large number of fighters were killed or wounded before arriving in al-Zinki-held region, which was deemed as the terrorists’ start point for launching Great Epic Operation,” the source added.
Also, on Wednesday, the Syrian army soldiers and the Lebanese Hezbollah fighters are engaged in an intense battle with Jeish al-Fatah terrorists to open their way into Southwestern Aleppo province to launch a massive operation to win back the key town of Khan Touman, military sources said.
“Following the recapture of the air defense battalion base and its nearby hills along the Aleppo-Khan Touman road, the Syrian government forces have launched a new round of attacks on Jeish al-Fatah to capture more strategic hills along the road and open a safe way towards the town,” the sources said.
“The Syrian Air Force has also been targeting Jeish al-Fatah’s gatherings in the neighborhoods of Rashedeen 4 and 5 and Arz al-Jabas, the town of Khalseh, Zeitan, Khan Touman, al-Eis, al-Zerbeh and along the Aleppo-Damascus highway, inflicting major losses and heavy casualties on the militants,” the sources went on to say.
Also, in the past 24 hours, the Syrian army troops and popular forces fended off Jeish al-Fatah’s offensive to take back the Air Defense Battalion base on the Southern outskirts of Aleppo city, killing at least 20 militants and wounding dozens more.
Syrian government forces, backed up by the country’s fighter jets, repelled Jeish al-Fatah’s attack on army positions at the air defense battalion, and claimed the lives of at least 20 terrorists.
Army reports said eight vehicles of the terrorists were also damaged completely in the battle.
A military source said on Wednesday that the Syrian air force and artillery units launched heavy strikes on ISIL positions in Deir Hafer, the terrorist group’s second largest stronghold in Eastern Aleppo after al-Bab.
“The attacks destroyed 6 military vehicles of terrorists and killed dozens of the ISIL militants,” a military source said.
Analysts believe that intensified army attacks on ISIL gathering centers in Deir Hafer and Maskanah which is seen as the gate to Raqqa province is a sign of imminent operations by the Syrian forces to capture the terrorist group’s self-proclaimed capital.
Damascus
Syrian military forces stopped two pickups of terrorist groups and seized a large volume of ammunition and weapons heading towards militant-held regions in Damascus province.
Two shipments of weapons and ammunition which had been prepared to be sent to the militants in Qalamoun region were seized by army soldiers.
Also, on Wednesday, a long military column of the terrorist groups was destroyed by the Syrian Army as it was taking tens of fresh forces to Khan al-Sheih region in Western Ghouta.
The military convoy of Ahrar al-Sham and Fatah al-Sham Front, including a tank, four military vehicles and tens of fresh forces, came under heavy attack by the Syrian government forces on the way to Khan al-Sheih.
The convoy was to join terrorist groups in Khan al-Sheih to help them resist against the growing advances of the Syrian army in the region.
A large number of terrorists were killed or injured in the attack.
Also, in the past 24 hours, the Syrian military forces continued to beat the terrorist groups back from more lands in Khan al-Sheih region in Western Ghouta, capturing several farms after brief clashes.
Syrian army troops struck terrorists’ defense lines in the farms between the Northwestern side of the town of Khan al-Sheih and the Southwestern side of the town of al-Zakiyeh, inflicting heavy casualties on the militants and capturing several farms.
The terrorist groups’ military equipment sustained major damage in the attack.
Also, yesterday, the Syrian army soldiers and popular forces continued to strike at Jeish al-Islam’s defense lines near the strategic city of Douma in Eastern Ghouta, inflicting major casualties on the terrorists.
Syrian government forces engaged in fierce clashes with the terrorists of Jeish al-Islam in al-Reihan region and along the road connecting Tal Kurdi to Douma.
In the meantime, Syrian army units hit terrorists’ centers hard near the town of al-Shifouniyeh, and captured more positions.
Farms around the towns of Jesrin and al-Mohammadiyeh were also the scenes of heavy fighting between the Syrian soldiers and Jeish al-Islam militants.
Syrian fighter jets, meantime, played a crucial role in beating the terrorists back from their positions in Eastern Ghouta.
Hama
Syrian Army soldiers and popular forces continued to drive Jeish al-Fatah out of more positions near the newly-freed town of Ma’an in Northern Hama, restoring security to three key regions on Wednesday.
The government forces inflicted major losses and a heavy death toll on Jund al-Aqsa and Fatah al-Sham Front and pushed them back from the regions of al-Borj and Zohrat al-Fatas and Tal (hill) Khirbet Kahileh.
The Jeish al-Fatah terrorist coalition, specially Fatah al-Sham and Jund al-Aqsa, suffered a heavy death toll and pulled the remaining pockets of their forces back from the battlefield.
Also, on Wednesday, a notorious field commander of Tajamo al-Ezzah terrorist group was killed in heavy airstrikes in Northern Hama.
Syrian fighter jets pounded terrorists’ concentration centers and gatherings near the towns of Souran, al-Latamina, Ma’an, Tal Bazam, Taybat al-Imam and Kafr Zita, killing scores of the militants, including commander of Tajamo al-Ezzah Mohammad al-Ashtar.
Several missile launchpads, mortar launchers and military vehicles of the terrorist groups were destroyed in the airstrikes as well.
Also, in the past 24 hours, Syrian government forces and military helicopters repelled ISIL’s attack in the Eastern side of the town of al-Salamiyah, inflicting dozens of casualties on the terrorists.
ISIL launched a large-scale operation in al-Salamiyah region to capture a key triangle from the town of Aqarib, to the village of Eastern Mofaker and to the oil pipeline, but the Syrian government forces forced them to retreat from the battlefield with heavy fire.
The ISIL suffered a heavy death toll and pulled back to evade more casualties.
The Syrian amry helicopters also targeted ISIL’s vehicles and positions, playing a crucial role in repelling the terrorists’ assault.
Homs
Syrian Army troops and National Defense Forces repelled ISIL’s offensive on their defense lines in al-Maher oilfield in Eastern Homs, inflicting several casualties on the terrorists.
The Syrian government forces fended of ISIL’s attack to recapture the position they have lost in the battles of the last several days.
The ISIL terrorists suffered a number of casualties in the failed attack.
Meantime, Syrian fighter jets pounded ISIL’s centers in Arak oilfield and its nearby areas, near the town of al-Sukhnah and in the village of al-Tibeh in Eastern Homs.
Syrian army men also clashed with terrorist groups of Fatah al-Sham Front, Ahrar al-Sham and Rejalollah near the town of al-Rastan blocking their invasion.