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
Category Archives: Economy
Is the Eurozone in a Dead End?
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 Strikes Back with 15-25% Tariffs' Boost on American Goods
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
The Deep State Stock Market is Plunging
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
Gold Price Could Smash $10,000 on Crashing Dollar, etc. | Jim Rickards
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
Richest 1% Capture Twice as Much Income Growth as the Bottom Half
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
Imagine What Would Happen if China Decided to Impose Economic Sanctions on the USA?
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?
Another EU-US Financial Crash is Expected by Year End
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
Petrodollar Faces Growing Threat with Payments in Gold across Asia
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
SPIEF 2017: More Guests, High Expectations, Search for New Balance, & Putin's Best
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
Is Bitcoin Standing in for Gold?
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.
Continue reading Is Bitcoin Standing in for Gold?
Venezuela Not Paying $2.8 Billion Bonds Now Held by Goldman Sachs
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
Moving Beyond Concentrated State Power
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
Deep State is Losing Southeast Asia, Choosing Mutual Economic Progress instead of War
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
Dow Jones Industrial Average Hits 20,000 for First Time Ever!
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!
Nobody’s Stealing Your Jobs, You Spend Too Much on Wars | Alibaba’s Jack Ma
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
Washington is Behind India's Brutal Demonetization Project
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
What Happens When there’s Easy Access to Resources? | The Shenzhen Experience
There is an ongoing debate on the merits of capitalism and socialism. It has been strongly argued that Socialism breeds dependency and unproductive citizenry.
Continue reading What Happens When there’s Easy Access to Resources? | The Shenzhen Experience
Derivatives Clearinghouse Failures Could Bring Down International Financial System
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.
Continue reading Derivatives Clearinghouse Failures Could Bring Down International Financial System
'Capitalizing on the New Global Economic Reality' | 20th International Economic Forum
Business and political leaders are gathering today in St. Petersburg, Russia. The various interest groups present are aiming for a full industrial integration worldwide.
Continue reading 'Capitalizing on the New Global Economic Reality' | 20th International Economic Forum
Fake Freedom Moves Closer to Open Slavery
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.
Continue reading Fake Freedom Moves Closer to Open Slavery
1st Silk Road Train Arrives in Iran, West Sociopaths Trashing $100 & €500 Bills Out
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.
Continue reading 1st Silk Road Train Arrives in Iran, West Sociopaths Trashing $100 & €500 Bills Out
EU Abolishing Cash to Facilitate Technocratic Dictatorship; BRICS Using Asset-backed Currencies Only
The highly anticipated elimination of cash in favor for full electronic transactions is about to be implemented in Norway, Denmark, and Sweden.
Continue reading EU Abolishing Cash to Facilitate Technocratic Dictatorship; BRICS Using Asset-backed Currencies Only
International Shipping Shuts Down; Baltic Dry Index Freefalling
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.
Continue reading International Shipping Shuts Down; Baltic Dry Index Freefalling
China Halted Stock Trading to Avert Inherent Economic System Fault Line
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.
Continue reading China Halted Stock Trading to Avert Inherent Economic System Fault Line
IMF Backstabs Russia by Lifting Loan Ban vs. Debt-dodging Ukraine
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.
Continue reading IMF Backstabs Russia by Lifting Loan Ban vs. Debt-dodging Ukraine
China’s Projected $1.2 Trillion 10-year Off-Shore Investments Nearly Reached in 2015
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.
Continue reading China’s Projected $1.2 Trillion 10-year Off-Shore Investments Nearly Reached in 2015
Preserving Earth & Capitalism with Free Energy for Profit Scheme
When the legendary Nikola Tesla presented his World System, i.e. free energy broadcast system, to John Pierpont Morgan, the latter not only withdrew his financial support for the futuristic project, he also sent men to demolish the Tesla Magnifying Transmitter and burn his laboratory down in Wardenclyffe, Colorado Springs.
JP Morgan believed he could not put a meter on it. He was wrong of course.
Continue reading Preserving Earth & Capitalism with Free Energy for Profit Scheme
TTIP & CETA Trade Deals Are Aimed at Eliminating Governments
Governments are corporations, but too many are ignorant of this fact and they keep participating and electing leaders they hope are going to serve their interests. Sometimes, a good leader does emerge and when that happens, the Corporatocracy is threatened.
Continue reading TTIP & CETA Trade Deals Are Aimed at Eliminating Governments
Over 40 States Forming Free Trade Zones While Rome Burns
While the Roman Empire of the West still reeling on what hit them yesterday and a week before, over 40 states including China, Thailand, Indonesia and even Cambodia are signing free trade agreements with the Russia-led Eurasian Economic Union.
Continue reading Over 40 States Forming Free Trade Zones While Rome Burns
China Relaunches 2007 Playbook to Recreate 2008 Scenario
Fasten your seat belts; the long anticipated final phase of the global financial reset is already here.
There’s no doubt that the West can still play its military and proxy based color revolution cards but at the end of the day the entire strategy is dependent on their ability to print more paper currency that the armies on the ground are being paid with.
Continue reading China Relaunches 2007 Playbook to Recreate 2008 Scenario
All Stocks Still in Red, Let's Bomb China Again
Another chemical plant with 300,000 tons of adiponitrile exploded in China at 8:50 PM last night. That’s the second chemical storage to have been blown in a week, and we are asking ourselves why after decades of unprecedented economic progress, they still haven’t learn how to do things properly.
Is that really the case here?
Continue reading All Stocks Still in Red, Let's Bomb China Again
Saudi Determined to Crash Oil Prices Until US Shale Breathes Its Last
This is a confirmation of Ben Fulford’s assertion months ago that the Saudi’s deliberate flooding of cheap oil in the world market was meant to destroy the US economy more than that of Russia.
Continue reading Saudi Determined to Crash Oil Prices Until US Shale Breathes Its Last
A Prescription For Peace & Prosperity
Here are some workable ideas on how America could return to sanity and once again set a good example for the world, i.e. be a beacon of hope and freedom for all.
Continue reading A Prescription For Peace & Prosperity
Greeks Defy Imperialist EU Bailout by Returning to Barter System
The Greeks are defying the British Empire dictated, one-sided bailout package as accepted by the Tsipras pseudo-Socialist government, by returning to the old cashless exchange of goods and services, i..e. bartering. This is obviously making the job harder for the local corporate Tsipras government by not being able to collect the necessary taxes to serve its imperial debt obligations.
Continue reading Greeks Defy Imperialist EU Bailout by Returning to Barter System
China Intervenes on Greek Default
China is reportedly actively intervening in the Eurozone crisis especially with the issue on Greek default and has promised to throw in more funds to force both parties to continue talking.
Continue reading China Intervenes on Greek Default
The Myth of Global 'Free' Trade
The key to TTIP is the so-called Investor-State Dispute Settlement mechanism that essentially gives corporations free reign to sue governments using a “failure to implement” provision, if state policies or legislation interfere with profits. But is this all about trade?
Continue reading The Myth of Global 'Free' Trade
TTIP Talks Continue with Zero Transparency
When the creation of the Federal Reserve was being planned and implemented it was all done in total secrecy, and we can forgive ourselves for not knowing all of the facts then because there was no mechanism such as big and pervasive as the internet.
But now that we do, we don’t really have any valid excuse why we are not doing anything to stop the TTIP.
Continue reading TTIP Talks Continue with Zero Transparency
BRICS Mega Projects will Reshape Global Economic Map
The ongoing megaprojects linking Europe and Asia will undeniably result to the remapping of the world economy. But for whose benefit will it be in the end?
Continue reading BRICS Mega Projects will Reshape Global Economic Map
![Final Exchange Rates for Four Currencies [Keenan]](https://geopolitics.co/wp-content/uploads/2015/03/iraqi-dinar-revaluation-672x372.jpg)
Final Exchange Rates for Four Currencies [Keenan]
The latest Keenan update indicated that there will be no “debt jubilee”, but only currency revaluations.
Continue reading Final Exchange Rates for Four Currencies [Keenan]
China's Mega International Payment System is Ready
The China International Payment System (CIPS) is due to kick off this year, bringing the yuan a step closer to becoming a global trading currency, as the new system will make payment transfers just as easy as in dollars and euro.
Continue reading China's Mega International Payment System is Ready
US Grows Russia Trade While Urging EU to Back Off
The head of the Russian State Duma’s Foreign Affairs Committee, Aleksey Pushkov announced that the United States is “making money” by increasing trade with Russia while telling Europe to stop doing business with the country.
Continue reading US Grows Russia Trade While Urging EU to Back Off
Who is Yanis Varoufakis, Greece's New Finance Minister?
Europe’s Oligarchy has been caught off-guard by the look, style and character of the new finance minister in Greece, and they have all reasons to be.
Continue reading Who is Yanis Varoufakis, Greece's New Finance Minister?
RIC Continue Pushing for Global Peace and Prosperity
There was a Foreign Ministers’ Meeting between Russia, India and China held a day ago, discussing broad issues, from regional cooperation to global financial reforms.
Continue reading RIC Continue Pushing for Global Peace and Prosperity
Gazprom Announces Final Nail in the South Stream Coffin
Russia’s refusal to bow down to the caprices of her neighbors is one of the reasons why the Paris “Je Suis Charlie” has to be launched, out of desperation.
The EU is shooting itself on the foot by issuing multiple sanctions against Russia, at the time when it was so easy for Putin to retaliate having made substantial preparation beforehand. The ongoing slump in oil prices only feeds the tabloid narrative of the West, but is not in any way affecting the internal balance sheets of Russia.
This arrogance has rendered Bulgaria as collateral damage, wittingly.
The final announcement to withdraw South Stream comes in parallel with Norways StatOil’s decision to stop all oil explorations in Greenland.
Continue reading Gazprom Announces Final Nail in the South Stream Coffin
BOA Fined $17B Over Mortgage Fraud; Others Under Investigation Over FX Rigging
America’s second largest lender has reached a $17 billion settlement with US federal authorities over selling bad mortgages, according to sources close to the negotiations.
Continue reading BOA Fined $17B Over Mortgage Fraud; Others Under Investigation Over FX Rigging
China Slaps World Bank
For doing a sloppy job, China just slap the World Bank with its own development bank separate from the BRICS itself.
It’s initial project is to revive the centuries old Silk Road… However my country’s corporate government, being a complete whore and fully submissive to Washington, keeps on asserting its imagined sovereignty over territories it does not own, for it owns nothing and never has the right to exist in the first place.
Continue reading China Slaps World Bank
#1 Reason Why West Hates Iran
The primary reason why Western Oligarchy wants to wipe Iran out of the global map is its full resolve in eliminating toxicity in financial matters.
Just a few hours ago Iranian authorities executed one banker for fraud amounting at least $2.6 billion.
Continue reading #1 Reason Why West Hates Iran
New Head of the World Bank Will Come From Asia
Update, 3/26/2012: Kim showing his best performance todate…
We’ve been anticipating that a radical departure from tradition will happen in the more than six decades of white dominated leadership in the World Bank, and it is happening.
Whether this guy is part of the change that the White Dragon Society has been talking about is yet to be confirmed. Ban Ki Mon is also from Asia and yet he’s more like an errand boy of the Cabalists than anything else.
Surely, the World Bank needs some disinfecting from the most cunning viruses that ever plagued the whole financial system. A doctor might just fit the bill.
Actually, we seem to be jumping the gun here. The website http://www.worldbankpresident.org has raised a very important question, and rightly so:
A transparent, merit-based process: key steps
Posted on March 26, 2012 by Jesse Griffiths
Now there’s a choice of candidates, for the first time it’s possible to say we may have the basis for a merit-based process for the selection of the World Bank President. Whether that’s what we get is, however, far less likely. If the Board is serious about making the process truly transparent and merit-based, here are the bare minimum things that should happen:
- Public interviews. It will simply not be credible if the Board selects a candidate behind closed doors with no one else able to see how the candidates stood up to questioning.
- Manifestos for candidates. Every candidate should be required to set out what he or she think the main challenges facing the Bank are and how they would deal with them as President.
- Public debates. Candidates should submit themselves for questioning to a variety of forums, including public debates.
- Transparent voting. All countries should vote individually, not through their constituencies, and should announce who they are voting for and why.
Of course, none of this would prevent the backroom deals that the US will use to ensure its candidate gets in, but at least everyone would be able to judge who the best candidate really is, and learn a lot more about what they stand for. None of these are difficult to organise, and all of them take place routinely at national level for senior public servants. Why not for the World Bank?
source »»
We agree to those proposals and that should have been the case if transparency it is that we so desire. But since we may never have that opportunity, we will just content ourselves with this video showing Kim at his best performance todate…
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US Blackmail vs. ex-IMF Chief Straus Kahn Collapsing; Geithner Resigning; US Defaulting by August 2
Strauss-Kahn released from house arrest
Update, July 2, 2011:
The former IMF chief walked out of a New York courtroom with his wife at his side on Friday [AFP]
Dominique Strauss-Kahn, the former head of the International Monetary Fund, has been released from house arrest in the sexual assault case against him.
The French politician appeared briefly in a New York courtroom on Friday after reports that prosecutors had grave doubts about the credibility of Strauss-Kahn’s accuser.
The judge stressed that the move does not mean that the “case is over” and prosecutors did not agree to dismiss the sexual assault case against Strauss-Kahn.
Strauss-Kahn was arrested in May, accused of trying to rape a hotel maid, and has been confined to a Manhattan apartment.
The 32-year-old hotel maid accused Strauss-Kahn of chasing her through his luxury suite in New York, trying to pull down her pantyhose and forcing her to perform oral sex.
He denies the allegations, saying the relationship was consensual.
His passport remained surrendered, and he will not yet be allowed to leave the country. However, one of his attorneys, Benjamin Brafman, said Strauss-Kahn would be free to travel within the US.
“It is a great relief, another of Strauss-Kahn’s attorneys, William Taylor, said, adding that the case underscores “how easy it is for people to be charged with serious crimes and for there to be a rush to judgement.”
“It is so important in this country that people, especially the media, refrain from judgement until the facts are all in,” he said.
Treasury Secretary Geithner considering leaving post after debt talks
Update, Jul 1, 2011:
Geithner has told the White House he will wait until the conclusion of talks with Congress over the nation’s debt before deciding whether to leave, according to the people familiar with the matter.
An administration official said Geithner recognizes the conclusion of these negotiations could provide a “window” for him to leave. Another official at the Treasury Department said Geithner doesn’t plan to make any decisions while he is focused on striking a deal with lawmakers to reduce the deficit and raise the federal limit on borrowing, which he has said must happen by Aug. 2 to avert a catastrophic default.
Dominique Strauss-Kahn Case Reportedly Near Collapse
Update, Jul 7, 2011:
NEW YORK — A law enforcement official tells The Associated Press that the accuser in the New York City sex assault case against a former International Monetary Fund leader has lied about circumstances surrounding the alleged attack.
The official also says prosecutors also believe Dominique Strauss-Kahn’s accuser has lied about her background. The official is speaking on condition of anonymity to discuss details not yet made public in court.
The official says prosecutors believe the hotel housekeeper lied about various details on her application for asylum in the U.S., including a claim that she had been raped in her native Guinea.
The official says prosecutors also believe she lied about some of her activities in the hours surrounding the alleged attack, but they haven’t necessarily questioned her account about the incident itself.
Former IMF Chief Held Hostage by the US Government
You can put off paying your debts only so long. Eventually you’ll have to pay the piper.
By now, everyone knows that Dominique Strauss-Kahn, the head of the IMF, was hauled off an Air France flight two minutes before it was due to take off, and taken into custody by the NYPD. Why? The US cover story is that he allegedly forced or attempted to force a maid at the Sofitel hotel in Manhattan to perform oral sex on him. The real story behind his detainment has to do with the US economy – the bankruptcy of the United States of America.
On Monday evening, May 16, 2011 the Obama government reached and crashed through the $14.29 trillion debt ceiling. What is the debt ceiling? The debt ceiling is simply a cap on how much money the US federal government can owe. For instance, if the debt ceiling was set at $14.29 trillion, then the US government would be forbidden from incurring a total public debt load of over $14.29 trillion. This $14.29 trillion number includes both public debt (money that is owed to individual investors, foreign governments, pension funds, etc) and intragovernmental holdings (money that is owed to various government programs).
On the weekend (May 14 and 15, 2011) prior to this historic event the US government and the IMF chief were engaged in behind closed doors negotiations for an IMF financial bailout of the US government. IMF chief Dominique Strauss-Kahn, a French citizen and political opponent of French president Nicolas Sarkozy for the French presidency, was in the US for this meeting. The Obama government failed to secure funds from the IMF chief. In retaliation the US government immediately launched a pre-planned smear campaign against the IMF – IMF head Dominique Strauss-Kahn.
The Fort Knox Conundrum: Chinese say they received bogus bars of gold traced to U.S.
By Pat Shannan
Could over 1 million bars of gold, much of which is still held in Fort Knox, Ky., be counterfeit? An October 2009 discovery that suggests this may be true has been suppressed by the mainstream media but has been circulating among the “big money” brokers and financial kingpins. It is just now being revealed to the public.
Gold is regularly exchanged between countries to pay debts and to settle the so-called balance of trade. It is often also used as a hedge against a falling currency. Gold is regularly traded and stored in vaults under the strict supervision of a special organization based in London, known as the London Bullion Market Association (LBMA). That’s why news of counterfeit gold bars was a surprise to many experts.
In October 2009, China reportedly received a large shipment of gold, containing some 6,000 bars, weighing 400 ounces each. When it was received, the Chinese government asked that tests be performed to guarantee the purity and weight of the gold bars. In this test, four small holes were drilled into the bars, and the metal was analyzed. Officials were shocked to find the bars were bogus. They contained cores of tungsten, with only an outer coating of real gold. What’s more, these gold bars, containing serial numbers for tracking, originated in the United States and had reportedly been stored in Fort Knox for years.
Fort Knox U.S. Gold Reserves to be Independently Audited and Assayed? Congressman Ron Paul Pressures U.S. Treasury
Congressman Ron Paul, the Republican presidential candidate who is chairman of the U.S. House Financial Services subcommittee and chairs the House’s Subcommittee on Domestic Monetary Policy plans to question U.S. Treasury officials next Thursday (June 23) about the U.S. gold reserves and get them to testify regarding the authenticity of the nation’s gold reserves.
This is an important question given the increasingly precarious state of the U.S.’ finances and is important to the gold market as the unaudited U.S. gold reserves are the largest holdings of gold bullion in the world z