The news that China and Russia have signed a $400 billion deal through which Gazprom will supply China National Petroleum Corp with 30 years of natural gas is the clearest illustration yet that Russia will be looking east, not west, for international funding.
Last week, inWill China Save Russia With Investment?, I reported a series of new Russia-China deals were about to be launched by the two countries’ sovereign wealth funds, the Russian Direct Investment Fund and China Investment Corporation. Those deals have since been announced: they involve Vcanland, a developer of tourism infrastructure and senior living communities; the first ever railway bridge over the Amur River on the Russia-China border; and logistics services investment.In dollar terms, they may have involved as much as $1 billion of investment, but while the number itself is insignificant compared to the outflows Russia is experiencing, the trend is very important – and is underlined by the new gas deal.
Russia’s central bank says that $63.7 billion of money left Russia in capital outflows in the first quarter of this year; the IMF is forecasting $100 billion of outflows for the full year. Others think those numbers conservative. Russian access to the international capital markets has dried up, and with vast infrastructure needs – just think of the FIFA World Cup, coming up in 2018 – that is a problem. So what to do? It can’t get those sorts of portfolio flows anywhere else, but it can bolster its foreign direct investment, or other forms of international trade. And China, which does not share the west’s sense of outrage about Russia’s behaviour in Ukraine, is the perfect candidate.
ST. PETERSBURG, May 22 (RIA Novosti) – Moscow may sign an intergovernmental agreement with Teheran this year to build eight new reactors for nuclear power plants in Iran, a source close to the negotiations told journalists Thursday. Two reactors could be built at the Bushehr Power Plant and six reactors at other sites, the source said, adding that the talks were in their final stage. Russian President Vladimir Putin said earlier this week that Russian-Iranian cooperation will continue despite international turbulence around Tehran. Putin said that Russia and Iran are not only neighbors, but also long-standing reliable partners. Iran’s only nuclear power plant near Bushehr came online September 2011 and began operating at full capacity a year after. Moscow handed over operational control of the Russian-made plant to Iran in September last year. Construction of the power plant in the country’s south began in the 1970s but was plagued by delays. Russia signed a billion-dollar deal with Tehran to complete the plant in 1998.ria
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.
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 operations. Top 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.
The Two-Party System Doesn’t Exist. There’s Only One Political Party – Ron Paul
The two political parties are both owned by the same ruling class. This is why they do not differ for those concerns which matter most to the public. – Image courtesy of netrightdaily.com.
Take the analogy of only two phone companies or two oil companies serving America. In almost no time they would secretly form a trust (this is illegal) and their prices and fees would sky rocket as if only a single company existed. Their quality control would probably regress all the while having a callous disregard for simple customer support for most services. This is not unlike the two-party system of the American government which is a conduit for corporatism.
When people say that both parties are exactly the same they mean within the context of those public policies which matter most.
Please consider the following 15 points where I attempt to prove, and I do think I succeed, that there is no difference between the two candidates running for president who are represented by the two parties for those concerns which are of a most pressing nature:
One candidate signed the NDAA 2012 which “legalizes” martial law and indefinite detention of innocent American citizens simply for peacefully protesting. The other candidate supports this.
One candidate signed a four-year extension of the Patriot Act which can imprison American citizens indefinitely with no trial. The other candidate supports this.
One candidate supports the assassination of American citizens suspected of participating in subversive activities. The other candidate likely supports this.
One candidate has broken his promise and kept Gitmo concentration camp open which also practices torture. The other candidate supports this.
The TSA has grown to include train stations under one candidate. The other candidate likely supports this.
One candidate maintains his support of Israel’s foreign policies for the United States. The other candidate supports this.
One candidate maintains his support of the war of aggression in Afghanistan. The other candidate supports this.
One candidate ignores the Federal Reserve. The other candidate also ignores this.
One candidate has done nothing to prevent another Wall Street meltdown. The other candidate ignores this.
One candidate supports open borders and legalizing illegal aliens. The other candidate likely supports this.
One candidate supports limiting our liberties and increasing surveillance of innocent American citizens. The other candidate supports this.
One candidate agrees that any citizens who rise up to the abuses by government are enemies of the state or terrorists. The other candidate agrees with this.
The building of FEMA concentration camps are in full force under one candidate. The other candidate likely supports this.
One candidate has secretly met with the Bilderberg Group. It is also highly likely that the other candidate has or will secretly meet with the Bilderbergs.
Both parties are owned by the same ruling class (especially Wall Street) through campaign financing, political favors, and lobbying.
Yes those fascist provisions of the NDAA 2012 were nullified by the Supreme Court but what does it say about our legislators who were elected to represent our best interests? When we look at the bigger picture we find that all our petty concerns such as gay rights, stem-cell research funding, health care, the deficit, even taxation, etc. are just a smoke screen to hide those things that are guaranteed to weigh heavily on us as free citizens.
There is no real difference between the two candidates. Both represent the interests of the ruling class who must keep us under strict obedience to the state so that they may maintain their control.
The Republican and Democrat parties have a duopoly on American power as Ron Paul (R-Tx) reveals in this short film, Ron Paul on Glenn Beck Show: Both Parties Owned by Same Elite. It might as well be a monopoly because these two parties now do a lot of horse trading to support each others bills. The election of a new president changes nothing if we vote in a candidate from one of the two political parties because both are financed and in collusion with the bank cartel of American, European finance corporations, the military industrial complex, and the ruling class. This was most noticeable after the assassination of our last true great president – John F. Kennedy. Instead of returning the troops home from Vietnam like President Kennedy had intended on doing, President Johnson greatly expanded American involvement.
This benefits the corporations whose business is war. This also benefits the banks who own huge shares in these companies and fund this war through government deficit spending and borrowing. Those who stand to make money on war have a controlling interest in the American government through lobbying, campaign financing, future lucrative job offers to politicians, gerrymandering, and a central bank (Federal Reserve).
This happens because we believe the patriotic and mass media propaganda and misinformation we are overwhelmed with every single day of our lives. We do not question information from authority figures and we prefer to lazily watch entertaining television programs or play video games. The result of this is that we continually support the two parties who betray our trust and allow lobbyists to hijack our representation. They may appear to be opposed however they work closely together to secure whatever wealth and liberty we have remaining even if this means drafting our adult children into a false war to fight for our freedom or a foreign state’s liberty.
A federal or state government populated with several more political parties and independent representatives would have far more difficulty serving its own agenda because of all the opposition between them. Most would be on their best behavior so that they could also obtain a controlling representation in government. Once any party obtained this power they might also fall from grace.
Most politicians probably begin their political career with good intentions however somewhere along the way they are seduced by money and power. This is unavoidable regardless of party and initial good intentions. All governments in history have evolved or will evolve into fascism because of this is very predictable trait. It is important to note that a dictatorship and a monarchy are a form of fascism because the government is controlled by a single family acting as one and it is in their best interest to control the population through that government much like corporations control a government to serve their own interests.
For democracy to exist we must have a continuous cycle of replenishing new representatives. This is why some elected offices have term limits. Perhaps there should also be term limits for political parties. Instead we allow a stalemate of the Republican and Democratic parties to represent us at all levels of government. One may also notice that among some politicians there is a revolving door between the two parties or between serving the state and serving corporations. They throw their hat in whatever party they believe will give them the best chance at winning an election. One striking example between serving the state and running a corporations is Dick Cheney. He served in congress, the White House, and the Pentagon before moving on as Chief Executive Officer of Halliburton and returning as Vice President. Cheney’s Law is PBS Frontline episode is on how during the Bush administration Dick Cheney succeeded as a very secretive hands on player to enhance presidential powers to detain, render, interrogate, and wiretap.
Why perpetuate the same old habits if any policy changes are always negative? There will always be groups of unethical and dangerous individuals who are highly motivated to secure this power. No one said democracy was free, easy, and static. As soon as we shed our ideological labels and indoctrinated propaganda we find that in full frontal view of the naked truth we are all united in the same mission of life, liberty, and pursuit of happiness.
If what we really want is a free nation, we must do everything in our power to urge all Americans to vote for Libertarian Party candidate Gary Johnson. He is the only viable option who intends on representing the best interests of the American public. Or at the very least do not support any of the two-party candidates — vote third party or independent.
On June 25, President Barack Obama issued a letter to the Speaker of the House of Representatives, and to the President of the Senate stating that under the International Emergency Economic Powers Act, he was declaring aNational Emergency due to actions incurred with Russia, and the Russian Federation. The submitted letter provides a declaration to Congress of the President signing Executive Order (E.O.) 13159, and its immediate implementation.
Under this National Emergency and Executive Order, the United States is seizing assets and property owned or managed by the Russian Federation relating to nuclear items and programs tied to Highly Enriched Uranium (HEU).
Pursuant to section 204(b) of the International Emergency Economic Powers Act (IEEPA), 50 U.S.C. 1703(b), I hereby report that I have exercised my authority to declare a national emergency to deal with the threat posed to the United States by the risk of nuclear proliferation created by the accumulation in the Russian Federation of a large volume of weapons-usable fissile material.
The United States and the Russian Federation had entered into a series of agreements that provide for the conversion of highly enriched uranium (HEU) extracted from Russian nuclear weapons into low enriched uranium (LEU) for use in commercial nuclear reactors. There were concerns that payments due to the Russian Federation under these agreements may be subject to attachment, garnishment, or other judicial process, in the United States, which could put implementation of such agreements at risk. In Executive Order 13159, the President therefore ordered blocked all property and interests in property of the Government of the Russian Federation directly related to the implementation of the HEU Agreements so that it would be protected from the threat of attachment, garnishment, or other judicial process. - White House.gov
The ramifications of this Executive Order, along with portions that remain classified from the public, have vast consequences for the American people. Earlier this year, President Obama updated and signed several Executive Orders that deal with the complete control and confiscation of U.S. assets, infrastructure, and manpower in the case of a declared National Emergency. As of yesterday, that National Emergency has been invoked, opening the door for any number of policies to be enacted by the President going forward.
Additionally, this action against Russia and the Russian Federation could have massive consequences for America in regards to foreign policy, and even a potential act of warshould Russia see fit to perceive Obama’s actions as such. With NATO and Russia both rattling sabers in the region of Syria, the possible threat of a global conflict increased with this new asset confiscation order.
Events in the Middle East, along with regime changes in Egypt, Libya, and a number of Arab states, are engulfing Russia, Europe, and the United States into a potential global conflict that could quickly grow into something not seen in 68 years. With President Obama declaring a state of National Emergency, and imposing a new asset seizure on properties owned or controlled by the Russian Federation, the ramifications for war on several fronts, along with the potential of liberties and freedoms lost to the American people has increased to dangerous levels.
“He owes them for everything. Everything he’s got – they gave to him. Everything. The guy’s Manchurian to the shoes on his feet.” -WHI
Note: For the past two years we have been receiving information from a longtime Democratic Party operative who has worked at the highest levels of American politics -including direct access to presidential administrations. Once closely allied to the Clinton machine, and then later playing a significant role in helping to elect Barack Obama in 2008, this individual came to realize just how inept and dangerous was the then-newly elected President Obama and his circle of closest advisers, namely Valerie Jarrett. Since that time this insider has time and again shared information that has later proven accurate, including rampant White House infighting, re-election strategies, Obama’s strained relationship with Democrats in Congress and the U.S. military, and more personal details specific to Barack Obama the man – a figure who suffers from emotional extremes including depression and who spends far more time in his second floor White House study than he does working in the Oval Office as President of the United States.
Here now is Part One of our most recent face to face interview with White House Insider…
UM: We agreed to a series of word associations to start this off. You still ok with that?
WHI: Sure – yeah. Fire away.
UM: Mitt Romney.
WHI: The next President of the United States. He better be – or…or people don’t know – they don’t realize how bad – how dangerous things will get. And fast.
Parts of this book-length story were published prior to October 2011, when a man named Ali Nazerali filed a lawsuit against me and DeepCapture and convinced a Canadian court to issue (without any notice to us, and without giving us an opportunity to defend what I had written) an injunction that forced the entire DeepCapture website to be removed from the internet on October 19, 2011.
I could be wrong, but I do not believe anything like this had ever happened before. Never in history had a court outside the United States blacked out (censored) an entire American media website, much less at the behest of one man who did not like what was written in only one of hundreds of articles on many subjects that were published on that website in the exercise of First Amendment rights.
Fortunately, on December, 13, 2011, the court heard my application opposing a continuation of the injunction and considered my detailed affidavits defending this story. Finding in my favor, and refusing to extend the injunction, the court noted that the October 19 injunction was based on an incorrect legal test for pre-trial injunctions which had been suggested to the judge by lawyers for Mr. Nazerali at the earlier one-sided hearing.
Applying the correct legal test for injunctions, which my lawyer described in his submissions on December 13, the court ruled that our freedom of speech had to be restored, at least until Mr. Nazerali’s claims were tested at a trial.
Since then, I have taken a few months to investigate further, and we are now publishing an updated version of this book-length story, chapter by chapter.
Even if you had followed DeepCapture prior to the interruption, I encourage you to read this updated version of the story because it goes quite a bit deeper, and contains additional evidence and information that supports my thesis. In addition, I have clarified and refined my argument, because some people had slightly misunderstood it, while others (such as Mr. Nazerali and the former journalist Gary Weiss, who features prominently in this story) had misrepresented what I had written.
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The Miscreants’ Global Bust-Out
Was the United States Attacked by “Financial Terrorists”?
I did not think that Zuhair Karam was violent, but I telephoned him because I thought his biography was interesting. For example, it was interesting that soon after making a home in the United States, Zuhair Karam obtained finance to publish a semi-famous work of jihadist propaganda, and soon thereafter, became a proprietary day trader of equities and derivatives at a small, unregistered brokerage in Chicago.
Many of the other people who operated through this brokerage also had interesting biographies. One of them was a trader who had ties to Russian organized crime, and whose business partner was killed in a brutal gangland-style murder in New Jersey. Also trading through this little unregistered brokerage in Chicago was an account controlled by the top henchmen of a Russian oligarch and members of an organized crime syndicate that has been accused by U.S. officials of having ties to both Al Qaeda and the Russian government’s intelligence services.
In addition there was (to name just one more) a trader whose family members worked for the Revolutionary Guard in Iran. One of this trader’s close relatives (based outside Iran) had employed an undercover Iranian government agent who was implicated in a terrorist attack and who was caught shipping sophisticated weaponry to Hezbollah, the jihadist outfit that takes its directions from the Iranian regime.