In an intervention which violated the most fundamental rules of democracy and international law, on May 27 the hierarchy of the European Union (EU) vetoed the “government of change” which was being formed in Italy, and which had just won a clear parliamentary majority from the voters. Continue reading ECB Stages Coup Against Legitimate Government of Italy
In the early years of the global effort to defeat the belligerent faction of the Western Deep State, the BRICS Alliance had sought to do it in a manner that would have the least negative impact on the population of the West. More than a decade since, and the West has not changed much. They are still in the stage of talking about the true nature of the problem with utmost eloquence. Continue reading Iran Starts Ditching the Fiat Dollar, Turkey Repatriating Gold from US
On April 8-11, the resort town of Bo’ao, situated on the Chinese island of Hainan, saw the regular economic Boao Forum for Asia (BFA). Let us note the increasing importance of this forum that today is called “the Asian Davos”. This time it was visited by both the former UN Secretary-General Ban Ki-moon (chosen as the chairman of the BFA directors) and the incumbent one, António Guterres. Continue reading The Boao Forum for Asia at the Prospect of the US-China Trade War
Russia and India are long-standing partners with a rich history of mutually beneficial cooperation. The two countries have great trading potential. However, Russian-Indian trade and economic cooperation cannot yet be called very active. This situation is not acceptable to either side, and now Russia and India are working to develop their economic relations. Continue reading Russia and India on the Brink of a Major Trade Breakthrough
It’s remarkable that the Euro and the Eurozone currency grouping hasn’t fallen apart until now. Greece could have done it in 2010 but it was avoided by extraordinary acts of the Euro governments and European Central Bank. Continue reading Is the Eurozone in a Dead End?
China suspends tariff reduction obligations on 128 imported products originating from the United States and is imposing additional tariffs on the basis of the current applicable tariff rates. Continue reading China Strikes Back with 15-25% Tariffs’ Boost on American Goods
It’s happening. The global stock markets are plunging. The Dow index tumbles to its lowest 1-day decline in history, -1175 points. The rest of the global markets are all in the red. This must be the beginning of the end for the Wolves of Wall Street. Continue reading The Deep State Stock Market is Plunging
A weak US dollar, a possible war between the US and North Korea or the impeachment of Donald Trump could result in one of the longest-ever rallies for gold, according to precious metals expert Jim Rickards. Continue reading Gold Price Could Smash $10,000 on Crashing Dollar, etc. | Jim Rickards
The inaugural World Inequality Report published on Thursday by economists Thomas Piketty, Emmanuel Saez, Gabriel Zucman, Facundo Alvaredo and Lucas Chancel documents the rise in global income and wealth inequality since 1980. Continue reading Richest 1% Capture Twice as Much Income Growth as the Bottom Half
In June, Washington threatened Beijing with a sanctions regime, in response to China’s increased bilateral commodity trade with North Korea. Initially, the US sanctions were not intended to be against the Chinese government: selected Chinese banks and trading companies involved in the financing of China-DPRK commodity trade would be potential targets of US reprisals. Continue reading Imagine What Would Happen if China Decided to Impose Economic Sanctions on the USA?
There’s another round of economic recession in the West by year end, unless tangible and profound reforms are implemented. This is the grave warning that’s being repeated again by the Executive Intelligence Review. Continue reading Another EU-US Financial Crash is Expected by Year End
Reuters reported, a week ago, that Russia’s Sberbank has begun trading in gold at the Shanghai exchange. This is both a retaliatory move against those who continue to wage an economic war through a broad, extended economic sanction against the federation, and as a long term measure against global terrorism, aka Khazarian Mafia. Continue reading Petrodollar Faces Growing Threat with Payments in Gold across Asia
More than 200 leading experts from Russia, Europe, Asia, the US, Canada and Latin America have put their heads together to draw up the program of the high-profile economic gathering.
Said forum went out without a hitch. Continue reading SPIEF 2017: More Guests, High Expectations, Search for New Balance, & Putin’s Best
We have known early on that the prices of gold and silver are manipulated by the bullion banks acting as agents for the Federal Reserve. This is the only thing which keeps the fiat dollar in circulation. But with the availability of cryptocurrencies, the rigging may not last for long.
Venezuela continues to defy western financial attack by never knelling to western banks seeking to profit on the agony of its citizens. Goldman Sachs is betting on the current low priced state oil firm stocks, while the other arm of the Deep State is doing all it can to put in power Venezuelan opposition parties under its thumb. Continue reading Venezuela Not Paying $2.8 Billion Bonds Now Held by Goldman Sachs
Capitalism is at the precipice of what it is capable of, and what is possible with it. Nevertheless, its proponents are perpetually swearing that it spurred tremendous development, yet we also know that it is the cause of so much industrial waste, and environmental destruction. Continue reading Moving Beyond Concentrated State Power
During the next five years, or at least, during the term of the Philippine strongman Mayor Rodrigo Duterte, no attempt at sowing acoustic and kinetic conflicts will be allowed in the South China Sea region. Continue reading Deep State is Losing Southeast Asia, Choosing Mutual Economic Progress instead of War
The stock market speculators are having the best of times, as the Dow Jones Industrial Average hit the 20,000 point milestone for the first time. Continue reading Dow Jones Industrial Average Hits 20,000 for First Time Ever!
Chinese billionaire and Alibaba founder Jack Ma believes that improper distribution of funds and hyper inflated US military spending, not globalization or other countries “stealing” US jobs, is behind the economic decline in America. Continue reading Nobody’s Stealing Your Jobs, You Spend Too Much on Wars | Alibaba’s Jack Ma
In early November, without warning, the Indian government declared the two largest denomination bills invalid, abolishing over 80 percent of circulating cash by value. Amidst all the commotion and outrage this caused, nobody seems to have taken note of the decisive role that Washington played in this. That is surprising, as Washington’s role has been disguised only very superficially. Continue reading Washington is Behind India’s Brutal Demonetization Project
There is an ongoing debate on the merits of capitalism and socialism. It has been strongly argued that Socialism breeds dependency and unproductive citizenry.
For any financial system to work, it must earn the respect and trust of its participants. This requires every financial instrument to have the integrity as to its true value and redeemability, as readily established through a mutually verifiable transparent mechanism.
Business and political leaders are gathering today in St. Petersburg, Russia. The various interest groups present are aiming for a full industrial integration worldwide.
The Transatlantic Trade and Investment Partnership is not just meant to isolate China from global trade but to weaken what’s left of the protective trade barriers that nations are struggling to sustain.
Some very striking developments between East and the West in the realm of economics are happening very recently. What we thought would take more years to start is already here.
The Silk Road is well on course and the first train of goodies from China has arrived in Iranian railway terminals to inaugurate post-sanction Iran.
The highly anticipated elimination of cash in favor for full electronic transactions is about to be implemented in Norway, Denmark, and Sweden.
International cargo vessels today are all docked and anchored in most seaports all over the world, and the last trips they may have had were for the December holidays shopping spree.
As of yesterday, the most prominent global indicator for international shipment of physical goods, the London-based Baltic Dry Index, is in free fall.
The global market can’t afford to buy Chinese goods anymore, and so the post-Christmas season is absolutely bleak for China based industries.
This fact and the inherent speculative character of the whole system provided the tsunami enough to plunge the Chinese stock market just a few hours from the opening bell today.
States with standing, overdue loans do not qualify for a new IMF loan. IMF, in violation of its own rules, just lifted the ban on loan to states with overdue accounts, particularly Ukraine .
The Fund is said to be giving Ukraine a new loan tranche which includes condition of Kiev not to pay Russia.
Back in late 2014, China projected that its off-shore direct investments will reach $1.2 trillion, Financial Times reported. Today, China’s outbound direct investments has been projected to reach $1 trillion by the end of the 2015.
This is real positive action at work instead of microphone diplomacy and doublespeak.