Mês: agosto 2018

BRICS

Gold Central Bank Outpost   Jim Willie Jun. 11, 2014   While the West has been mesmerized by the chaos in Ukraine, surely to become an implosion site, while attention has been directed on the Negative Interest Rate Policy coming into view, surely to become the norm for banker skimming on yields, while focus has been on Spain’s royalty in abdication, surely a change of the dark nobility guard, the Jackass has yawned and turned the view toward Saudi Arabia, surely a significant event on their fund news. They have announced a new sovereign wealth fund to be established, independent of their central bank, devoted to prudent investment. Read Gold investment. The indication is clear movement away from the USDollar and USTreasury Bond complex. The US-Saudi divorce is speeding away from the lawyer’s offices, and asset redistribution is the key word. Abandonment of the Petro-Dollar involves the reversal of a generation in commitment, even more. It involves discharge of decades of accumulated rubbish US$-based debt paper. We could have the first sighting of a BRICS Central bank outpost for processing USGovt debt securities, straight into Gold bullion.The Saudis might win giant favor with Russia & China, the new dynamic duo, by jump starting the process of dumping USTBonds, followed by converting them into Gold bullion. The Great Indirect Exchange might become far more direct. THE SAUDI MOLD A few...

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Germany

Pivoting East   Jim Willie Jul. 16, 2014   It is finally happening in full view, in unmistakable manner, in a way that the awake, the aware, and the conscious can perceive in alarming stunning terms. The central force of Europe, the industrial juggernaut, the stable core, has begun to pivot East. The Germans have had enough, fed up with destructive US activities of all kinds. For the last few months, they have been laying out their indictment, their justification, their reasons to abandon the corrupt US-UK crowd. The bank wreckage, the market rigging, the endless wars, the sanctions which backfire, the sham monetary policy, the economic sabotage, the spying, the gold gimmicks, it has finally reached a critical level. Germany has begun to move East in full view. Only the deaf dumb and blind cannot notice, and they will probably never notice. They are fodder. The awaited signals seen by the Jackass have finally arrived. The grand stage leans East for the European players, with steps taken to the right, the weight having shifted, the messages suddenly more angry, more filled with disgust, more loaded with open confrontation. The commercial forces aligned with Russia are coming to the fore. The departure after a recent re-election by Chancellor Merkel should serve as the final slam of the hammer. She stood in the wrong camp, the banker and politician camp....

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Derivatives

Abuse, Props, Risks   Jim Willie Jul. 26, 2014   The topic of financial derivatives is a huge can of worms. The subject has arisen in the financial press much more in the last few years since the global financial crisis turned critical and became a clear case of grand struggle to prevent a veritable collapse. In a loose sense, the derivatives are the scotch tape, bailing wire, band-aids, and chewing gum holding the system together, the glue and adhesive, with rose colored glasses used with a large amount of deception. Another analogy preferred for usage by the Jackass is the floating fabricated foundation laden with vaporous illicit toxic fabric, the phony platform on which insolvent structures lie. That the big banks do not serve well as credit engines or investment crucibles is no surprise. They are insolvent, and their derivative foundation is fractured. It is very difficult to explain how the derivatives serve as foundation. Imagine a spinning wheel, spinning very fast, except that the flat disk has almost zero mass. It spins so fast that it appears to serve as a platform which can support weight. Its floor is mentioned more than seen. It is fake, an illusion. ORIGIN OF DERIVATIVE SPECIES The origins of derivatives really came onto the scene in the early 1990 decade following the Black Monday 1987 crash. Most people believe the nation...

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Impotence

The Self-Imposed Impotence of the Russian and Chinese Governments   Paul Craig Roberts Aug. 10, 2018   The Russian and Chinese governments are puzzling. They hold all the cards in the sanction wars and sit there with no wits whatsoever as to how to play them. The Russians won’t get any help from the Western media which obscures the issue by stressing that the Russian government doesn’t want to deprive its citizens of consumer goods from the West, which is precisely what Washington’s sanctions intend to do. The Russian and Chinese governments are in Washington’s hands because Russia and China, thinking that capitalism had won, quickly adopted American neoliberal economics, which is a propaganda device that serves only American interests. For years NASA has been unable to function without Russian rocket engines. Despite all the sanctions, insults, military provocations, the Russian government still sends NASA the engines. Why? Because the Russian economists tell the government that foreign exchange is essential to Russia’s development. Europe is dependent on Russian energy to run its factories and to keep warm in winter. But Russia does not turn off the energy in response to Europe’s participation in Washington’s sanctions, because the Russian economists tell the government that foreign exchange is essential to Russia’s development. As Michael Hudson and I explained on a number of occasions, this is nonsense. Russia’s development is dependent in...

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Force

When Does Vladimir Putin’s Russia Send In Troops?   Simon Saradzhyan Aug. 7, 2018   This month marks the tenth anniversary of Vladimir Putin’s first military intervention abroad, in Georgia. Since then there have been two more, continuing to this day, in Ukraine and Syria in 2014 and 2015, respectively. And still it’s worth asking: When does Putin authorize the use of military force, overtly or covertly, against other countries and why? In my view, at least two conditions need to be in place for Russia’s leadership to seriously consider this option. They can be broadly defined as follows: First, Putin has to see an acute threat to Russia’s vital national interests that he thinks cannot be neutralized by any means short of force; I’ll call the presence of such threats “Condition 1.” The situation in Georgia in 2008 threatened key Russian interests in several ways, including an attack on an ally or client (also the case in Syria in 2015) and, more important, concern that one of Moscow’s post-Soviet neighbors may “escape” to what Russia sees as a hostile alliance (also the case in the ongoing conflict with Ukraine). A full list of Russia’s vital interests and how they are impacted by Russia’s interventions is in the table in section IV below. The second condition for Russia to use military force against another country is that Moscow must...

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