Loading ...It’s Nato that’s empire-building, not Putin
http://www.spectator.co.uk/features/9459602/its-nato-thats-empire-building-not-putin/
Some common sense on Ukraine
What’s With That Dot-Com Dollar?? Looking For an Excuse To Drop?
Just like Oil. The higher it got, supplies grew with less consumption, and then reality sunk in, and the lower it went. The lower it gets, supplies get curtailed, while consumption takes advantage, reality or tipping point hits, and up up and away it goes back to $140.
Look how the Swiss Frank dropped. Classic instability.
Ipso, Silverngold
Ipso – these guys just never get tired of war. We need some divine intervention to have them removed from the planet.
Silverngold – I guess if the Chinese are just another part of the NWO club, I guess we’re screwed no matter what.
The voice of reason
Nigel Farage Rages At Juncker’s “European Army” Proposal
Tyler Durden’s pictureSubmitted by Tyler Durden on 03/11/2015 13:20 -0400
Earlier today, the leader of Britain’s UKIP, eloquent wordsmith and member of the EU Parliament, Nigel Farage, unleashed one of his most memorable and finest diatribes in recent years.
“We ourselves in the European Union provoked the conflict through our territorial expansionism in the Ukraine. We poked the Russian bear with a stick, and unsurprisingly, Putin reacted. But this now is to be used as an opportunity to build a European army… And Mr. Juncker said, we must convey to Russia that we are serious. Who do you think you are kidding, Mr. Juncker?”
video http://www.zerohedge.com/news/2015-03-11/nigel-farage-rages-junckers-european-army-proposal
Good Read!! The Corbett Report
China’s SWIFT Alternative and the (Engineered) Death of the Dollar
by James Corbett
TheInternationalForecaster.com
March 11, 2015
Forget all the nonsense and hoopla about the Apple Watch or the GM stock buy-back. Far and away the most important economic story of the week is one you won’t find on the front page of Bloomberg or MarketWatch. New reports indicate that China is ready to launch its SWIFT alternative, and for those who have their ear to the ground this is the most significant move yet in the unfolding process of de-dollarization that is seeing the BRICS-led “resistance bloc” breaking away from the financial stranglehold of the US-led “Washington Consensus.”
For those who don’t know, SWIFT stands for the Society for Worldwide Interbank Financial Telecommunication and is shorthand for the SWIFTNet Network that is used by over 10,500 financial institutions in 215 countries and territories to transmit financial transaction data around the world. SWIFT does not do any of the clearing or processing for these transactions itself, but instead sends the payment orders that are then settled by correspondent banks of the member institutions. Still, given the system’s near universality in the financial system, it means that virtually every international transaction between banking institutions goes through the SWIFT network.
This is why de-listing from the SWIFT network remains one of the primary financial weapons wielded by the US and its allies in their increasingly important financial warfare campaigns. In 2012, SWIFT agreed to de-list 30 Iranian financial institutions (including the central bank) from their network as part of the US/EU-led sanctions on Tehran, a move that was meant to stop billions of dollars’ worth of oil and export sales from being repatriated into the country and bring Iranian business to a standstill. Throughout the recent tensions between the US bloc and Russia over the civil war in Ukraine, the idea that SWIFT could similarly de-list Russian banks has beenrepeatedly floated as a potential next step for the US and its allies.
Of course, SWIFT is nominally “independent” from any government entity and thus does not have to follow the dictates of Washington or anyone else pursuing their own personal vendettas in the financial arena. In practice, however, SWIFT put up no resistance whatsoever and obligingly complied with the Iranian sanctions request despite the fact that the blockade was repeatedly ruled illegal by the EU’s own courts. Does anyone doubt that, despite their protestations to the contrary, they would do any different if push came to shove with Russia? This is precisely why Moscow, Beijing and other countries in the cross hairs have been floating ideas of their own, namely the creation of an alternative payment network that bypasses SWIFT.
Now it seems that talk is materializing into something very real. Called the China International Payment System, the CIPS network is meant to facilitate cross-border transactions specifically in yuan and the latest reports suggest that the system is already in place and could be launched as early as this September.
If and when CIPS is launched, the results could be world historical in nature. Firstly it provides the Kremlin and other US/EU/NATO/Israeli enemies a potential alternative safe haven from the crippling sanctions that hang over their head in the current environment. Secondly, it brings the yuan one step closer to being a fully-convertible currency, something that Beijing has beenscrambling to achieve since the currency was rejected from the IMF’s SDR basket following the last reconsideration of that basket in 2010. And finally, it further solidifies China as the center of the worldwide “resistance bloc” to the current status quo.
It’s hard to underestimate just how important CIPS will be to making the yuan a major player on the global stage. Rather than having to clear yuan payments through correspondent banks in China or through specially designated clearing houses in Hong Kong or Europe or elsewhere, payments will now be nearly instantaneous through any CIPS-listed financial institution anywhere in the world.
Sadly, most alternative news outlets will end their analysis here, as if the creation of this alternate payment system in opposition to the US/EU/NATO/Israeli superpower’s hegemon is an unmitigated good. But such an analysis relies on the assumption that the BRICS resistance bloc has motivations and intentions that are truly different than the existing power structure, and not merely rivalrous to it. As viewers of The Corbett Report’s podcast on “China and the New World Order” will note, China has been carefully positioned over the course of the past half century to be the “engine of the New World Order” and many of the (nominally) “American” oligarchs and political power-players who helped construct the current status quo have been pupeteering and overseeing the rise of the Chinese dragon since the days of Mao. And as we have discussed before, the players who have been dominating world finance for decades (if not centuries) are not stupid; they are deliberately engineering the West’s downfall in order to bring about their dreamed-of world governmental and world financial system.
Now those who are concerned about the US-bloc’s superpower status and its seemingly monolithic control over the highly-centralized financial system represented by institutions like SWIFT are being asked to put their faith in an “alternative” system of centralized control that happens to be in the hands of Beijing. But let’s imagine that, somehow, in some way, the Chinese Communists were actually artfully deluding the Kissingers and the Brzezinskis and the other paymasters and chessmasters of China’s economic “miracle” and actually did intend to use their new-found power for themselves. To what end would they possibly use it? As a series of billboards popping up around Bangkok and other locations in recent months suggest, it is nothing less than to create a “New World Currency” to further consolidate their power on the international stage. Meet the New New World Order, same as the Old New World Order. Either way, all you get is centralized power-hungry tyrants lording over centralized bureaucracies like the IMF, the World Bank, the SDR, SWIFT, CIPS, the BRICS bank or the “people’s currency” of the yuan.
But what if there was a truly alternative way around the SWIFT hegemon?
As it turns out, many Iranian banks have circumvented the SWIFT sanction in an almostembarrassingly simple way. Instead of using the SWIFT system to send and receive their payment orders, they simply pick up the phone or send an email. Yes, it is less efficient and takes a bit longer to do, but it works just as well and there’s nothing that SWIFT or anyone else can do to prevent banks from communicating directly with one another. Chalk this extremely simple workaround up as another victory for the concept of the “peer-to-peer economy” that we talked about in these pages in recent weeks. When people (or organizations or institutions) can communicate directly, instantaneously and globally, the need for centralized bureaucracies like “SWIFT” or “CIPS” disappears just as assuredly as the horse-and-buggy or the zeppelin disappeared with the advent of the modern car or airplane.
Keep your eye on these pages for more on the CIPS system as it develops, and keep your eye on The Corbett Report podcast for an upcoming episode where I delve into the not-so-happy reality of “The BRICS and the New World Order.”
Buygold @ 12:08
I’d sure like to vote for a presidential candidate who declared that they weren’t going to try and surround and antagonize Russia and risk nuclear war for almost no reason at all. All this belligerence makes me sick. Stupid Stupid Stupid!
Eastmain Resources Bucking The Trend
Eastmain, ER.TO, EANRF has been the only green light in my PF the past week, rising 100% from .20 to .43 today, higher in Canada. The avg volumne a week ago was about 25,000, but three days of a million plus shares traded causing avg to rise. No news has come out. Going from 25k to over a mil per day traded indicates something may be happening. Bloggers on Stockhouse suggested funds were impressed by their presentation at the conference two weeks ago, returned home and bought with both hands. But ER has been presenting at these conferences for years without such a pop in price. Wish all my other miners would follow their lead. Still awaiting news that will explain this rise.
Jeff Gundlach – The bond guru
GUNDLACH: The dollar bulls are right, investment-grade bonds are expensive, gold is going up, and buy Indian stocks and lock them in a vault for 20 years
Read more: http://www.businessinsider.com/jeff-gundlach-webcast-march-10-2015-2015-3#ixzz3U64PKwxP
We are a nation run by warmongering psychopaths
US To Send Drones, Humvees To Ukraine, Boost Russia Sanctions As Moscow May “Deploy Nuclear Weapons In Crimea”
Submitted by Tyler Durden on 03/11/2015 11:24 -0400
So much for the second Minsk ceasefire. A few hours ago, the US returned to its strategy of escalating Russian “costs” when it placed sanctions on eight Ukrainian separatists and a Russian bank, warning that recent attacks by rebels armed by Russia violated a European-brokered ceasefire in the war-torn country.
“If Russia continues to support destabilizing activity in Ukraine and violate the Minsk agreements and implementation plan, the already substantial costs it faces will continue to rise,” Adam Szubin, the Treasury Department’s acting undersecretary for terrorism and financial intelligence, said in a statement announcing the sanctions.
As Reuters adds, “the sanctions signal Washington is ratcheting up pressure on Moscow a day after accusing Russia of sending tanks and heavy military equipment into Ukraine, which a top U.S. official also said breached the Minsk accord agreed on Feb. 12.” What was not said is that this also comes a day after the US sent over 100 tanks and armors to Russia neighbor Latvia in a move that would, from the Kremlin’s perspective, signal further NATO arms build up on its borders.
UNBELIEVABLE!!
The US Buck is a Buck!! ………………………………………………………..and Gold is a buy and hold!
Bankers all giddy
Venezuela discussing gold swap with Wall Street banks: sources
(Reuters) – Venezuela’s central bank is in talks with Wall Street banks to create a gold swap that would allow it to monetize some $1.5 billion of the metal held as international reserves, according to government sources familiar with the operation.
The move would help the government of President Nicolas Maduro boost its hard currency position as the OPEC nation struggles with soaring consumer prices, chronic product shortages and a shrinking economy caused by low oil prices.
Under the swap, the central bank would provide 1.4 million troy ounces in exchange for cash, said a central bank source. After four years, it would have right of first refusal to buy the gold back, added the source, who asked not to be identified.
The ongoing talks involve at least two institutions, Bank of America and Credit Suisse, the source told Reuters.
The banks and Venezuela’s central bank did not immediately respond to requests for comment.
.
“After four years, it would have right of first refusal to buy the gold back, added the source, who asked not to be identified.”
LOL what are they smoking!
more http://www.reuters.com/article/2015/03/10/us-venezuela-gold-idUSKBN0M62CO20150310
Fuel for the Fire
Tsipras Slams “Crimes Of Third Reich And Hitler’s Hordes”, Threatens Seizure Of German Assets
If Greece is booted out of the euro then the Germans won’t have to deal with this anymore.
Good morning Oasis
B2Gold Corp. Announces Commercial Gold Production Ahead of Schedule at Otjikoto Gold Mine, Namibia
http://finance.yahoo.com/news/b2gold-corp-announces-commercial-gold-174443265.html
Seabridge Gold Arranges a $14.2 Million Bought Deal Flow-Through Equity Financing
http://finance.yahoo.com/news/seabridge-gold-arranges-14-2-214000380.html
Entree Gold Reports Additional Results of Pre-Feasibility Drilling Program at Ann Mason, Nevada
http://finance.yahoo.com/news/entree-gold-reports-additional-results-222722688.html
Kirkland Lake Gold Reports Fiscal 2015 Third Quarter Results With YTD Free Cash Flow Generation of $22 Million
http://finance.yahoo.com/news/kirkland-lake-gold-reports-fiscal-070000937.html
First Majestic Renews Share Repurchase Program
http://finance.yahoo.com/news/first-majestic-renews-share-repurchase-110000920.html
Gold Canyon Corporate Update and New Investor Relations Agreement
http://finance.yahoo.com/news/gold-canyon-corporate-investor-relations-123000557.html
nugt down 25%—nugt down 14.5%—gdx down 4.5%
These prices are obviously wrong…anybody else getting them?
http://www.nasdaq.com/symbol/jnug/premarket
Au contraire winedoc, a bunch of American sheep will be flocking to Europe…mainly Poland and Ukraine
All dressed up in camo and dispensing freedom.
Coffee Time
USD screaming higher ……
I had a good laugh when CNBC last night said that with the higher dollar and lower euro, that Americans would be “flocking” to Europe on vacation this summer ……. Ya right.
They can’t even afford the gas for a road trip to the great white north …….
Winedoc
Truly dangerous times.
US Sends Over 100 US Tanks, Armor To Latvia As Nuland “Confirms” Russia Delivering Weapons
The fact that their Algo’s cancel out normal mkt reactions is terrifying. These morons can march to a War that no-one but they want, while they ensure any normal mkt reaction is negated, even reversed, as if it was a vote of thanks, which in turn re-inforces their madness.
eg: The Dax, which the last time I checked was the stock index for the country whose borders any war will be fought on, is up over 1 % today !!!!!!!!!!
Gold Train
It could have been worse… if you bought the DOW cow today!
We all love Sound Money… how about Sound Transit, and sunset on Rainier
http://www.railpictures.net/viewphoto.php?id=520625
…and daylight
http://www.railpictures.net/viewphoto.php?id=521554