Archive for the ‘NWO’ Category

Celente: Death Spiral Continues – Unprecedented!…

Posted on 2014 05, 23 by rockingjude

 

Chaos in Libya: How the US-NATO War Destabilized North Africa and Now Threatens Europe…

Posted on 2014 05, 20 by rockingjude

Are the U.S. Dollar’s Days Really Numbered?…

Posted on 2014 05, 20 by rockingjude

By Desmond Lachman Monday, May 19, 2014

The U.S. dollar will remain the world’s reserve currency because no other major currency offers such liquidity, depth of financial markets, and store of value.

Some years ago, I attended a small luncheon on the outlook for the U.S. dollar. Paul Volcker, the former Federal Reserve chairman, was the guest of honor. In response to a chorus of Cassandras who argued that the U.S. economy’s all too apparent weaknesses wouldlead to an inevitable dollar collapse, Volcker made a simple observation: For the dollar to depreciate, he said, it would necessarily have to depreciate against another currency. And in Volcker’s view, at that time, the U.S. economy was fundamentally no weaker than that of any competing countries.

Volcker’s logic would seem equally pertinent today in responding to the many critics who believe that the Federal Reserve’s unprecedented quantitative easing policy will lead to the dollar’s imminent demise as a reserve currency. If the dollar is to lose its reserve status, as epitomized by the fact that more than 60 percent of the world’s foreign exchange and more than 85 percent of world trade is still denominated in U.S. dollars, some other currency would need to replace it. A close examination of the world’s other major currencies reveals that a currency is yet to emerge that offers the liquidity, depth of financial markets, andstore of value that the U.S. dollar does.

To be sure, when viewed in isolation, there are many reasons not to be complacent about the U.S. dollar’s long-run future. After all, the U.S. economy is only now emerging from its worst economic and financial crisis since the 1930s. At the same time, itsdysfunctional political system is yet to come to grips with the country’s long-term budget issues, while the Federal Reserve has more than quadrupled the size of its balance sheet to its present level of around $4 trillion in an effort to get the U.S. economy moving again.

Russia and China wrestle over multibillion-dollar gas deal…

Posted on 2014 05, 20 by rockingjude

Russia Holds “De-Dollarization Meeting”: China, Iran Willing To Drop US Dollar From Bilateral Trade

Posted on 2014 05, 20 by rockingjude
Russian currency: The Ruble

Russian currency: The Ruble (Photo credit: Wikipedia)

Tyler Durden on 05/14/2014 10:47 -0400

 

That Russia has been pushing for trade arrangements that minimize the participation (and influence) of the US dollar ever since the onset of the Ukraine crisis (and before) is no secret: this has been covered extensively on these pages before (see Gazprom Prepares “Symbolic” Bond Issue In Chinese YuanPetrodollar Alert: Putin Prepares To Announce “Holy Grail” Gas Deal With ChinaRussia And China About To Sign “Holy Grail” Gas Deal40 Central Banks Are Betting This Will Be The Next Reserve Currency; From the Petrodollar to the Gas-o-yuan and so on).

But until now much of this was in the realm of hearsay and general wishful thinking. After all, surely it is “ridiculous” that a country can seriously contemplate to exist outside the ideological and religious confines of the Petrodollar… because if one can do it, all can do it, and next thing you know the US has hyperinflation, social collapse, civil war and all those other features prominently featured in other socialist banana republics like Venezuela which alas do not have a global reserve currency to kick around.

Or so the Keynesian economists, aka tenured priests of said Petrodollar religion, would demand that the world believe.

However, as much as it may trouble the statists to read, Russia is actively pushing on with plans to put the US dollar in the rearview mirror and replace it with a dollar-free system. Or, as it is called in Russia, a “de-dollarized” world.

Voice of Russia reports citing Russian press sources that the country’s Ministry of Finance is ready to greenlight a plan to radically increase the role of the Russian ruble in export operations while reducing the share of dollar-denominated transactions. Governmental sources believe that the Russian banking sector is “ready to handle the increased number of ruble-denominated transactions”.

According to the Prime news agency, on April 24th the government organized a special meeting dedicated to finding a solution for getting rid of the US dollar in Russian export operationsTop level experts from the energy sector, banks and governmental agencies were summoned and a number of measures were proposed as a response for American sanctions against Russia.

Nigeria to benefit from $12bn Chinese Africa infrastructure fund…

Posted on 2014 05, 18 by rockingjude
Filed under: main story | 

Chinese Premier Li Keqiang has promised his country’s assistance in providing robust infrastructure transformation for Nigeria and other African states.

To signal how seriously China, the world’s second-largest economy, takes its growing ties with Africa, Keqiang announced new funding commitments of $12 billion to Africa and Nigeria, the biggest economy on the continent.

“We will add $10 billion to our already committed credit lines to reach a total of $30 billion and put an extra $2 billion into the China-Africa Development Fund to reach $5 billion,” said Keqiang in a powerful speech at the first plenary session of the World Economic Forum (WEF), Africa yesterday.

“We will provide 18,000 scholarships to Africa and train 30,000 professionals of various types. The Chinese government means what it says, our co-operation with Africa will be based on mutual benefit,” Keqiang said.

Keqiang is visiting Nigeria with a 100-man delegation for the WEF Africa.

The Chinese and African economies are complementary to each other, according to Keqiang, with Africa needing investments, and China having surplus.

Chinese Premier Li Keqiang

To realise inclusive growth, which is the theme of the WEF, infrastructure, especially transportation, must be at the fore front, and China would assist Africa in building high-speed rail networks, Keqiang said.

Africa currently has 23 percent of the world’s landmass, but only 7 percent of global rail lines.

China would also provide assistance for building and expanding Africa’s express and motorways, as well as build out a regional aviation network for the continent.

“China proposes a China-Africa regional aviation plan through an aviation joint venture with African partners,” Keqiang said. China will also support the movement of labour-intensive Chinese industries and enterprises to Africa to help with job creation.

Week in Review: Voodoo Economics and Friends of Imperialism…

Posted on 2013 11, 03 by rockingjude

 

US Attacks Germany’s Economic Policies. Washington Views with Growing Alarm the Emergence of Germany as the Economic Powerhouse of EuropeAndre Damon, November 03, 2013

 

 

 

Expendable People: Economics, a “Murderous Science”…

Posted on 2013 11, 01 by rockingjude
THE UNITED STATES OF AMERICA - NARA - 515673

THE UNITED STATES OF AMERICA – NARA – 515673 (Photo credit: Wikipedia)

 

 http://www.globalresearch.ca/expendable-people-economics-a-murderous-science/5355985

Global Research, October 29, 2013

The English who settled America brought English culture with them. The colonies were nothing but little Englands. When the colonists revolted, they were merely trying to get free of the tyrannical English monarchy, not trying to change the culture. They were perfectly happy with the English way of life. They carried on its practices and adopted the English system of common law.

That sixteenth century culture is alive and well in America today and is why America is in many respects a backward nation. Americans are living 500 years behind the times.

One would like to believe that human institutions exist to enhance the lives of people, but there is very little evidence to support that view. If enhancing the lives of people is not the purpose of human institutions, what is? The American Constitution lists six goals the founders expected the nation to accomplish:

We the People of the United States, in Order to (1) form a more perfect Union, (2) establish Justice, (3) insure domestic Tranquility, (4) provide for the common defense, (5) promote the general Welfare, and (6) secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America.

Unfortunately, no American government has ever tried to govern in a way that seeks to attain these goals. So the American government is either an unconstitutional, failed state or else the framers of the Constitution must be thought of as having engaged in unrealistic political propaganda. At any rate, the American government is not what the Constitution makes it out to be. The question is why? The answer is the stupid political economy!

The English who settled America brought English culture with them. The colonies were nothing but little Englands. When the colonists revolted, they were merely trying to get free of the tyrannical English monarchy, not trying to change the culture. They were perfectly happy with the English way of strife. They carried on its practices and adopted the English system of common law.

That sixteenth century culture is alive and well in America today and is why America is in many respects a backward nation. Americans are living 500 years behind the times.

The Speculative Endgame: The Government “Shutdown” and “Debt Default”, A Multibillion Bonanza for Wall Street…

Posted on 2013 10, 25 by rockingjude
Global Research, October 16, 2013

A wave of speculative activity is sweeping major markets.

The uncertainty regarding the shutdown and “debt default” constitutes a golden opportunity for “institutional speculators”. Those who have reliable “inside information” regarding the complex outcome of the legislative process are slated to make billions of dollars in windfall gains.

Speculative Bonanza

Several overlapping political and economic agendas are unfolding. In a previous article, we examined the debt default saga in relation to the eventual privatization of important components of the federal State system.

While Wall Street exerts a decisive influence on policy and legislation pertaining to the government shutdown, these same major financial institutions also control the movement of currency markets, commodity and stock markets through large scale operations in derivative trade.

Most of the key actors in the US Congress and the Senate involved in the shutdown debate are controlled by powerful corporate lobby groups acting directly or indirectly on behalf of Wall Street. Major interests on Wall Street are not only in a position to influence the results of the Congressional process, they also have “inside information” or prior knowledge of the chronology and outcome of the government shutdown impasse.

They are slated to make billions of dollars in windfall profits in speculative activities which are “secure” assuming that they are in a position to exert their influence on relevant policy outcomes.

It should be noted, however, that there are important divisions both within the US Congress as well as within the financial establishment. The latter are marked by the confrontation and rivalry of major banking conglomerates.

These divisions will have an impact on speculative movements and counter movements in the stock, money and commodity markets. What we are dealing with is “financial warfare”. The latter is by no means limited to Wall Street, Chinese, Russian and Japanese financial institutions (among others) will also be involved in the speculative endgame.

Speculative movements based on inside information, therefore, could potentially go in different directions. What market outcomes are being sought by rival banking institutions? Having inside information on the actions of major banking competitors is an important element in the waging of major speculative operations.

France, Mexico Demand Explanation for Latest NSA Allegations…

Posted on 2013 10, 21 by rockingjude

U.S Ambassador to France Charles Rivkin (center) leaves the Foreign Ministry in Paris, after being summoned on Oct. 21, 2013, to explain why America spied on one of its closest allies.

 U.S Ambassador to France Charles Rivkin (center) leaves the Foreign Ministry in Paris, after being summoned on Oct. 21, 2013, to explain why America spied on one of its closest allies.

October 21, 2013

France and Mexico are angrily demanding explanations from the United States following new spying allegations leaked by former U.S. security contractor Edward Snowden.

French Foreign Minister Laurent Fabius said Monday that he had called in the U.S. ambassador to explain an article in Le Monde newspaper about large-scale spying on French citizens by the U.S. National Security Agency.

The article alleged that the NSA had gathered tens of millions French phone records over a one-month period. Fabius called the claims “shocking.”

Meanwhile, Mexico reacted angrily Monday to an article published in the German weekly Der Spiegel, in which Snowden accused the NSA of accessing the e-mail of former Mexican President Felipe Calderon. Mexico’s foreign ministry called the practice “unacceptable, illegal and against Mexican and international law.”

State Department spokeswoman Marie Harf would not confirm or deny the recent reports of U.S. spying. She told reporters Monday that all countries understand the value of gathering intelligence and said the United States is willing to discuss concerns any country has about U.S. practices.

“We’re trying to find the right balance here about what we gather and how we gather it,” Harf said. “The president has spoken to this at length now and it’s worth keeping in mind as we have a discussion, keep in mind the entire intelligence picture.”

Snowden, who has taken refuge in Russia, is wanted in the U.S. for espionage and other charges, after leaking details of the NSA’s worldwide spying activities.

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