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Paul Merrell

Asia Times Online :: Central Asian News and current affairs, Russia, Afghanistan, Uzbek... - 0 views

www.atimes.com/...CEN-02-050314.html

war & peace foreign policy Ukraine UNA-UNSO NATO pipelinestan

shared by Paul Merrell on 09 Mar 14 - No Cached
  • Here's the US's exceptionalist promotion of "democracy" in action; Washington has recognized a coup d'etat in Ukraine that regime-changed a - for all its glaring faults - democratically elected government. And here is Russian President Vladimir Putin, already last year, talking about how Russia and China decided to trade in roubles and yuan, and stressing how Russia needs to quit the "excessive monopoly" of the US dollar. He had to be aware the Empire would strike back. Now there's more; Russian presidential adviser Sergey Glazyev <a href='http://asianmedia.com/GAAN/www/delivery/ck.php?n=a9473bc7&cb=%n' target='_blank'><img src='http://asianmedia.com/GAAN/www/delivery/avw.php?zoneid=36&cb=%n&n=a9473bc7&ct0=%c' border='0' alt='' ></a> told RIA Novosti, "Russia will abandon the US dollar as a reserve currency if the United States initiates sanctions against the Russian Federation." So the Empire struck back by giving "a little help" to regime change in the Ukraine. And Moscow counter-punched by taking control of Crimea in less than a day without firing a shot - with or without crack Spetsnaz brigades (UK-based think tanks say they are; Putin says they are not).
  • Putin's assessment of what happened in Ukraine is factually correct; "an anti-constitutional takeover and armed seizure of power". It's open to endless, mostly nasty debate whether the Kremlin overreacted or not. Considering the record of outright demonization of both Russia and Putin going on for years - and now reaching fever pitch - the Kremlin's swift reaction was quite measured. Putin applied Sun Tzu to the letter, and now plays the US against the EU. He has made it clear Moscow does not need to "invade" Ukraine. The 1997 Ukraine-Russia partition treaty specifically allows Russian troops in Crimea. And Russia after all is an active proponent of state sovereignty; it's under this principle that Moscow refuses a Western "intervention" in Syria. What he left the door open for is - oh cosmic irony of ironies - an American invention/intervention (and that, predictably, was undetectable by Western corporate media); the UN's R2P - "responsibility to protect" - in case the Western-aligned fascists and neo-nazis in Ukraine threaten Russians or Russian-speaking civilians with armed conflict. Samantha Power should be proud of herself.
  • The "West" once again has learned you don't mess with Russian intelligence, which in a nutshell preempted in Crimea a replica of the coup in Kiev, largely precipitated by UNA-UNSO - a shady, ultra-rightwing, crack paramilitary NATO-linked force using Ukraine as base, as exposed by William Engdahl. And Crimea was an even murkier operation, because those neo-nazis from Western Ukraine were in tandem with Tatar jihadis (the House of Saud will be heavily tempted to finance them from now on). The Kremlin is factually correct when pointing out that the coup was essentially conducted by fascists and ultra-right "nationalists" - Western code for neo-nazis. Svoboda ("Freedom") party political council member Yury Noyevy even admitted openly that using EU integration as a pretext "is a means to break our ties with Russia." Western corporate media always conveniently forgets that Svoboda - as well as the Right Sector fascists - follow in the steps of Galician fascist/terrorist Stepan Bandera, a notorious asset of a basket of "Western" intel agencies. Now Svoboda has managed to insert no less than six bigwigs as part of the new regime in Kiev.
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  • And even as 66% of Russian gas exported to the EU transits through Ukraine, the country is fast losing its importance as a transit hub. Both the Nord Stream and South Stream pipelines - Russia not on-the-ground but under-seas - bypass Ukraine. The Nord Stream, finished in 2011, links Russia with Germany beneath the Baltic Sea. South Stream, beneath the Black Sea, will be ready before the end of 2015. Geoeconomically, the Empire needs Ukraine to be out of the Eurasian economic union promoted by the Kremlin - which also includes Kazakhstan and Belarus. And geopolitically, when NATO Secretary General, the vain puppet Anders Fogh Rasmussen, said that an IMF-EU package for the Ukraine would be "a major boost for Euro-Atlantic security", this is what clinched it; the only thing that matters in this whole game is NATO "annexing" Ukraine, as I examined earlier. It has always been about the Empire of Bases - just like the encirclement of Iran; just like the "pivot" to Asia translating into encirclement of China; just like encircling Russia with bases and "missile defense". Over the Kremlin's collective dead body, of course.
  • Then there are the new regional governors appointed to the mostly Russophone east and south of Ukraine. They are - who else - oligarchs, such as billionaires Sergei Taruta posted to Donetsk and Ihor Kolomoysky posted in Dnipropetrovsk. People in Maidan in Kiev were protesting mostly against - who else - kleptocrat oligarchs. Once again, Western corporate media - which tirelessly plugged a "popular" uprising against kleptocracy - hasn't noticed it.
  • Ukraine's foreign currency reserves, only in the past four weeks, plunged from US$17.8 billion to $15 billion. Wanna buy some hryvnia? Well, not really; the national currency, is on a cosmic dive against the US dollar. This is jolly good news only for disaster capitalism vultures. And right on cue, the International Monetary Fund is sending a "fact-finding mission" to Ukraine this week. Ukrainians of all persuasions may run but they won't hide from "structural adjustment". They could always try to scrape enough for a ticket with their worthless hryvnia (being eligible for visa on arrival in Thailand certainly helps). European banks - who according to the Bank for International Settlements (BIS) hold more than $23 billion in outstanding loans - could lose big in Ukraine. Italian banks, for instance, have loaned nearly $6 billion. On the Pipelineistan front, Ukraine heavily depends on Russia; 58% of its gas supply. It cannot exactly diversify and start buying from Qatar tomorrow - with delivery via what, Qatar Airways?
  • US Secretary of State John Kerry accusing Russia of "invading Ukraine", in "violation of international law", and "back to the 19th century", is so spectacularly pathetic in its hypocrisy - once again, look at the US's record - it does not warrant comment from any informed observer. Incidentally, this is as pathetic as his offer of a paltry $1 billion in "loan guarantees" - which would barely pay Ukraine's bills for two weeks. The Obama administration - especially the neo-cons of the "F**k the EU" kind - has lost is power play. And for Moscow, it has no interlocutor in Kiev because it considers the regime-changers illegal. Moscow also regards "Europe" as a bunch of pampered whining losers - with no common foreign policy to boot. So any mediation now hinges on Germany. Berlin has no time for "sanctions" - the sacrosanct American exceptionalist mantra; Russia is a plush market for German industry. And for all the vociferations at the Economist and the Financial Times, the City of London also does not want sanctions; the financial center feeds on lavish Russian politico/oligarch funds. As for the West's "punishment" for Russia by threatening to expel it from the Group of Eight, that is a joke. The G-8, which excludes China, does not decide anything relevant anymore; the G-20 does.
  • If a wide-ranging poll were to be conducted today, it would reveal that the majority of Ukrainians don't want to be part of the EU - as much as the majority of Europeans don't want the Ukraine in the EU. What's left for millions of Ukrainians is the bloodsucking IMF, to be duly welcomed by "Yats" (as Prime Minister Yatsenyuk is treated by Vic "F**k the EU" Nuland). Ukraine is slouching towards federalization. The Kiev regime-changers will have no say on autonomous Crimea - which most certainly will remain part of Ukraine (and Russia by the way will save $90 million in annual rent for the Sevastopol base, which until now was payable to Kiev.) The endgame is all but written; Moscow controls an autonomous Crimea for free, and the US/EU "control", or try to plunder, disaster capitalism-style, a back of beyond western Ukraine wasteland "managed" by a bunch of Western puppets and oligarchs, with a smatter of neo-nazis. So what is the Obama/Kerry strategic master duo to do? Start a nuclear war?
Paul Merrell

The Ukraine Crisis and Vladimir Putin: A New Financial System Free from Wall Street and... - 0 views

www.globalresearch.ca/...5374785

war & peace banksters BRICS Russia new-world-order?

shared by Paul Merrell on 24 Mar 14 - No Cached
  • This is the big secret that now cannot be covered anymore. The governments of the US and the European countries are NOT independent entities, they are not sovereign. They do not have the will or even the ability to act on behalf of their people. They are controlled by powerful banking interests. They have been taken over by two financial centers that do not care for the real economy. They pursue only speculation and looting. In response on March 4th the economic adviser to Putin, Sergey Glazyev declared openly that if the financial vultures persisted, Russia would create on the spot an independent financial system which is separate from that of the US Dollar. Glazyev explained to the vampires: ‘We have wonderful economic and trade relations with our Southern and Eastern partners. We will find a way not just to eliminate our dependence on the US but also profit from these sanctions….If sanctions are applied against Russia’s state structures we will have to move into other currencies and create our own settlement system. We will be forced to recognize the impossibility of repayment of the loans that the US banks gave to Russian state structures. Indeed, sanctions are a double-edged weapon, and if the US chooses to freeze our assets, then our equities and liabilities in dollars will also be frozen…’
  • On March 18, the spokesperson for the Kremlin, Dmitry Peskov, stated that Russia would switch to new partners in case of economic sanctions being imposed by the European Union and the United States. He highlighted that the modern world isn’t unipolar and Russia has strong ties with other states as well, though Russia wants to remain in good relations with its Western partners, especially with the EU due to the volume of trade and joint projects. Those “new partners” are not really new since Russia has been closely interconnected with them for almost 13 years. This is all about the so-called BRICS organization, consisting of Brazil, Russia, India, China and South Africa. BRICS represents 42 percent of the world’s population and about a quarter of the world’s economy, which means that this bloc of states is an important global actor. The BRICS countries are like-minded in regard to supporting the principles of international law, the central role of the UN Security Council and the principles of the non-use of force in international relations; this is why they are so actively performing in the sphere of settling regional conflicts. However, the cooperation between Brazil, Russia, India, China and South Africa goes beyond political aspects and is also demonstrated by dynamic trade and multiple projects in different areas. Today, in total, there are more than 20 formats of cooperation within the BRICS which are being developing. For example, in February the member-states came to an agreement about 11 possible projects of scientific and technical cooperation, from aeronautics to bio- and nanotechnology.
  • This strategy is known as the Financial Nuclear Option. It could lead to the end of the predatory looting system of Wall Street. The ‘Southern and Eastern partners’ Glazyev is talking about are clearly the members of the BRICS, Brazil, Russia, India, China, South Africa, the sane part of the world economy, the future. And it is  exactly  what the official spokesman of the Kremlin, Dmitry Peskov indicated in an interview to the BBC: “Sanctions against Russia could be the final trigger that will force many countries to create a new independent financial system based on the real economy. The world is changing rapidly. How many civilizations grew and died in the course of history? Who will be able to resist the pressure of dying systems and indicate to the people the road toward the future?”  The possibility of a new financial system independent from the collapsing dollar empire, as consequence of anti Russia sanctions was also emphasized by an authoritative the Russian media including  RT. (See:http://rt.com/op-edge/russia-switches-to-brics-sanctions-357/) …Western sanctions might push Russia to deepen cooperation with BRICS states, in particular, to strengthen its ties with China, which will possibly turn out to be a big catastrophe for the US and the EU some time later.
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  • In order to modernize the global economic system, at the center of which stand the US and the EU, the leaders of Brazil, Russia, India, China and South Africa have created the BRICS Stock Alliance and are creating their own development bank to finance large infrastructure projects. On the whole, despite fierce criticism of BRICS as an organization with no future, it is developing and increasing cooperation with its members and, in fact, BRICS is showing pretty good results. With the suspension of Russia’s participation in G8 and the strengthening of economic sanctions against Russia, specific industries may be targeted, including limits on imported commodities. While the West seeks to hit Russia hard, it is important to notice that Russia is ready to switch to other markets, including BRICS, with a view to expanding its trade.
Gary Edwards

Civil Unrest Ahead - LewRockwell.com - 0 views

www.lewrockwell.com/...civil-unrest-ahead

Ron-Paul Libertarian

shared by Gary Edwards on 12 Jan 15 - No Cached
  • The Victimized Inner Cities
  • This social disruption has motivated the enthusiastic growth and militarization of our local police departments. The law and order crowd thrives on excessive laws and regulations that no US citizen can escape. The out-of-control war on drugs is the worst part, and it generates the greatest danger in poverty-ridden areas via out-of-control police. It is estimated that these conditions have generated up to 80,000 SWAT raids per year in the United States. Most are in poor neighborhoods and involve black homes and businesses being hit disproportionately. This involves a high percentage of no-knock attacks. As can be expected many totally innocent people are killed in the process. Property damage is routine and compensation is rare. The routine use of civil forfeiture of property has become an abomination, totally out of control, which significantly contributes to the chaos. It should not be a surprise to see resentment building up against the police under these conditions. The violent reaction against local merchants in retaliation for police actions further aggravates the situation —hardly a recipe for a safe neighborhood.
  • Civil liberties are ignored by the police, and the private property of innocent bystanders is disregarded by those resenting police violence.
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  • The entitlement mentality is a source of much anger and misunderstanding. It leads people who see themselves as victims to one conclusion: they are entitled to be taken care of.
  • If one trillion dollars per year doesn’t do the job, then make it $2 trillion. If the war on poverty’s $16 trillion hasn’t worked, make it $32 trillion.
  • The wealthy special interests, such as banks, the military-industrial complex, the medical industry, the drug industry, and many other corporatists, quickly gain control of the system.
  • Honest profits of successful entrepreneurs are quite different than profits of the corporate elite who gain control of the government and, as a consequence, accumulate obscene wealth by “robbing” the middle class.
  • To blame and destroy those who make an honest living by satisfying consumers without the use of special benefits from the government is destructive to liberty and wealth.
  • Crumbs may be thrown to the poor, but the principle of wealth transfer is hijacked and used for corporate and foreign welfare instead of wealth transfers to the poor.
  • True satisfaction comes from productive effort and self-reliance and not from a government transferring wealth in an effort to bring about an egalitarian society.
  • The people have too little confidence that most problems can be solved in a voluntary manner in a society that cherishes civil liberties. There’s never an admission that government problem-solving doesn’t work. Government-created problems are a road to poverty and resentment. Too many people believe that “free stuff” from the government can solve our problems. They mistakenly believe that deficits don’t matter and that wealth can come from a printing press.
  • The high profile episodes of police violence and overreaction are a consequence of conditions that in many ways were generated by government policy.
  • equal justice requires the end of welfare redistribution
  • Retraining the police won’t touch the complex problems that pit the police against the victims of complex social conditions generated by hate, violence and bad economic policies.
  • Redistribution is a process that is always destined to help a small minority, whether in an economy like ours that endorses central economic planning or in one run by radical fascists or communists.
  • Under an authoritarian regime, those in power take care of themselves. This always leads to poverty and discrepancy in wealth distribution.
  • Eventually the social strife that is predictable leads to an overthrow of the government.
  • The strife that we are witnessing is a reflection of a growing number of people who are recognizing the discrepancy between rich and poor, the weak and the powerful, Wall Street and Main Street.
  • Both political parties are financed by Wall Street, the big banks, and the military-industrial complex. Getting rich by being part of the government class is the problem.
  • Indeed the rich are getting richer and the poor poorer. The extreme current inequality is not a consequence of free markets and true liberty. Rather it results from the welfare state that, as always, morphs into a system that provides excesses for the powerful few.
  • The economic interventionist system under which we live today rewards those who benefit from government economic planning by the Federal Reserve, access to government contracts, and targeted special regulations to help one group over the other
  • There are two problems. First is conceding the principle that government has the moral authority to redistribute wealth. Second is believing the redistribution will be managed wisely and without corruption.
  • Police brutality and militarization may well induce a violent event far beyond what we have seen in Ferguson. It also can serve as an excuse. But it is not the root cause of turmoil. The real cause is poverty, the entitlement mentality, and the breakdown of the rule of law. Moral decay and the national police state are the real culprits.
  • We must limit the government’s role to protecting equal justice in defense of life, liberty, and property.
  • We have too many police, too many laws, and too much exemption of government officials from the crimes they commit.
  • There has to be an understanding that productive effort and self-reliance on the part of everyone is required for a free society to thrive.
  • The loss of our liberty has sharply accelerated since the 9/11 attacks. We have done to ourselves what no foreign enemy could have possibly accomplished.
  • Welfare, for the rich or poor, cannot exist without the sacrifice of the principal of property ownership.
  • The national police are made up of over 100,000 bureaucrats and police officials who carry guns to enforce federal law on the American citizens.
  • Today every American is a suspect. Our president has established a policy that an American citizen can be assassinated without even being charged with a crime.
  • The Founders and our Constitution intended that policing powers would be the responsibility of the individual states. That was forgotten a long time ago
  • the Feds are there taking charge over all local officials and property owners,
  • The Founders did not even want a standing army. They wanted only a militia.
  • Old-fashioned colonialism was deemed necessary by various European powers to secure natural resources along with control over sea lanes and markets for selling manufactured goods.
  • European-style colonialism — supporting a mercantilistic economy — came to be seen as politically unrealistic and unnecessary.
  • We are now subject to an out-of-control domestic police force while the US military maintains our Empire overseas.
  • When free-trade principles were utilized, colonialism did not die; it only changed form. Mercantilism in various forms and degrees drove trade policies of nations with strong economies and militaries.
  • The United States military presence around the world provides a “private” police force to protect US and other international companies against any local resistance or leaders that turn unfriendly. Our military presence overseas has nothing to do with protecting our freedoms and defending our Constitution.
  • The international monetary system is a powerful tool for the select few.
  • In fact, the real heroes are the ones who expose the truth and refuse to fight foreign wars for the international corporations.
  • The “one percenters,” generally speaking, are internationalists who are not champions of individual liberty and free trade. They are supporters of managed trade and international institutions like the WTO where the interests of the one percent can influence the rulings that frequently have little to do with advancing advertised goals of low tariffs and free trade.
  • Disengaging our troops from around the world and refusing to defend American neocolonialism is pursuing a course compatible with the qualities that Americans claim to stand for.
  • The obsession with continuing all the same policies has increased our poverty, increased violence between the classes, and lowered the standard of living for all except the elite one percent. And worst of all, the sacrifice of liberty was for naught.
  • Losing both liberty and the right to truly own property undermines the ability to create wealth.
  • When this process gets out-of-control the economy goes into a death spiral, in the beginning of which we currently find ourselves. Without a correction to the basic understanding of the proper role of government, the downward spiral will continue.
  • Tax revenues will continue to rise, aiding the policy of the government spending the people’s money rather than those who earned it.
  • Wall Street will be protected, and the trillions of dollars of big banks derivatives will be absorbed by the Fed, the FDIC, and ultimately by the American taxpayers in the next financial crisis.
  • There’s no doubt the poor will get poorer and the rich richer until the spirit of revolution in the people calls a halt to the systematic destruction of freedom in America.
  • Authoritarianism has overtaken our economic system as the welfare mentality takes over at every level of government.
  • Once the initiation of force by government is accepted by the people, even minimally, it escalates and involves every aspect of society. The only question that remains is just who gets to wield the power to distribute the largess to their friends and chosen beneficiaries.
  • It’s a recipe for steady growth of the government at the expense of liberties, even if official documents and laws written to limit government power are in place.
  • Restraining the few who thrive on the use of force to rule over us is the challenge. Fortunately they are outnumbered by those who would choose liberty yet lack the will to challenge the humanitarian monsters who gain support from naive and apathetic citizens.
  • The sentiments supporting secession, jury nullification, nullification of federal laws by state legislatures, and a drive for more independence from larger governments will continue.
  • Gary Edwards on 12 Jan 15
     
    "If Americans were honest with themselves they would acknowledge that the Republic is no more. We now live in a police state. If we do not recognize and resist this development, freedom and prosperity for all Americans will continue to deteriorate. All liberties in America today are under siege. It didn't happen overnight. It took many years of neglect for our liberties to be given away so casually for a promise of security from the politicians. The tragic part is that the more security was promised - physical and economic - the less liberty was protected. With cradle-to-grave welfare protecting all citizens from any mistakes and a perpetual global war on terrorism, which a majority of Americans were convinced was absolutely necessary for our survival, our security and prosperity has been sacrificed. It was all based on lies and ignorance. Many came to believe that their best interests were served by giving up a little freedom now and then to gain a better life. The trap was set. At the beginning of a cycle that systematically undermines liberty with delusions of easy prosperity, the change may actually seem to be beneficial to a few. But to me that's like excusing embezzlement as a road to leisure and wealth - eventually payment and punishment always come due. One cannot escape the fact that a society's wealth cannot be sustained or increased without work and productive effort. Yes, some criminal elements can benefit for a while, but reality always sets in. Reality is now setting in for America and for that matter for most of the world. The piper will get his due even if "the children" have to suffer. The deception of promising "success" has lasted for quite a while. It was accomplished by ever-increasing taxes, deficits, borrowing, and printing press money. In the meantime the policing powers of the federal government were systematically and significantly expanded. No one cared much, as there seemed to be enough "gravy" for the rich, th
Paul Merrell

Are Trump Sanctions Backfiring? Iran's Oil Revenues Are Soaring - 0 views

www.mintpressnews.com/...249185

war & peace economic-warfare Iran U.S.-sanctions oil-prices

shared by Paul Merrell on 12 Sep 18 - No Cached
  • Despite the Trump administration’s “maximum pressure” campaign targeting the Iranian economy, Iran’s crude oil and oil product revenues jumped a surprising 60 percent from March 21 to July 23. In addition, figures provided by Iran’s Central Bank show that Iran’s revenues from oil sales soared by 84.2 percent over that same period, setting a new record. The increased revenues seem to have resulted from a jump in oil prices this year as well as Iran’s high oil export volume during part of that period. Notably, the increased revenues were reported despite the United States’ announcement in May that it would sanction those purchasing Iranian oil starting in early November, with the ultimate goal of reducing Iranian oil sales to zero in order to place pressure on the Iranian government
  • Further dashing U.S. hopes of crushing Iranian oil exports have been recent announcements from Iran’s top two customers, China and India, that they would continue to import Iranian crude despite the looming threat of U.S. sanctions. India, along with some other countries, has sought “waivers” from Washington that would allow them to continue to import Iranian oil and avoid retaliation from the U.S. for a certain period of time. In addition, the European Union, which had previously joined the U.S. in targeting Iranian oil exports in 2012, has shown its unwillingness to follow Washington’s lead this time around, openly vowing to rebel against the U.S. sanctions regimen and increasing the likelihood that Europe will continue to buy some Iranian oil despite U.S. threats.
  • Another indication that efforts to curb Iranian oil exports are backfiring for the Trump administration is the jump in oil prices that has resulted from concerns about the U.S. sanctions on Iran’s oil exports. The increase in oil prices is likely to be felt domestically in the U.S., the world’s largest consumer of oil, potentially posing a political risk to Trump and his fellow Republicans ahead of the November 6 midterm elections.  In addition, further oil price increases could trigger a slowdown in domestic or global economic growth, which could further complicate the U.S.’ Iran policy and Trump’s domestic political situation.
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  • While the Trump administration may have assumed that U.S. oil producers – and the U.S. economy in general — would benefit from the elimination of Iranian oil exports, the growing rejection of the impending U.S. sanctions by other countries shows that these nations are unwilling to pay for more expensive American oil or even Saudi oil, preferring less expensive Iranian oil despite potential future consequences. Furthermore, efforts to increase U.S. crude production have fallen short of government expectations, further complicating the U.S.’ efforts to offset an increase in oil prices resulting from Iranian oil sanctions.
Paul Merrell

Europe Is Working On Alternative To SWIFT For "Financial Independence" From The US | Ze... - 0 views

www.zerohedge.com/...wift-financial-independence-us

war & peace economic-warfare de-dollarization Europe

shared by Paul Merrell on 30 Aug 18 - No Cached
  • n the aftermath of a report that Germany was working on a global payment system that is independent of the US and SWIFT, on Monday Germany and France said they’re working on financing solutions to sidestep U.S. sanctions against countries such as Iran, including a possible role for central banks, Bloomberg reported.
  • Maas said Europe has started work on creating a system for money transfers that will be autonomous from the currently prevailing Society for Worldwide Interbank Financial Telecommunication (SWIFT).
  • "That won’t be easy, but we have already started to do that," Maas said at the annual Ambassadors Conference in Berlin on Monday, as quoted by RIA Novosti. "We are studying proposals for payment channels and systems, more independent from SWIFT, and for creating European monetary fund." Maas also announced plans to reveal a new foreign policy strategy towards the US. “We have to react and strengthen Europe’s autonomy and sovereignty in trade, economic and finance policy,” Maas said in a speech in Berlin. "It’s high time to recalibrate the Transatlantic Partnership – rationally, critically, and even self-critically," the FM added. Maas echoed his comments from last week when he called for European autonomy to be strengthened by creating payment channels that are independent of the United States, establishing a ‘European Monetary Fund’.
Paul Merrell

Tomgram: Alfred McCoy, It's About Blackmail, Not National Security | TomDispatch - 0 views

www.tomdispatch.com/...kmail%2C_not_national_security

surveillance state blackmail power-projection empire Obama BushII

shared by Paul Merrell on 29 Jan 14 - No Cached
  • For more than six months, Edward Snowden’s revelations about the National Security Agency (NSA) have been pouring out from the Washington Post, the New York Times, the Guardian, Germany’s Der Spiegel, and Brazil’s O Globo, among other places.  Yet no one has pointed out the combination of factors that made the NSA’s expanding programs to monitor the world seem like such a slam-dunk development in Washington.  The answer is remarkably simple.  For an imperial power losing its economic grip on the planet and heading into more austere times, the NSA’s latest technological breakthroughs look like a bargain basement deal when it comes to projecting power and keeping subordinate allies in line -- like, in fact, the steal of the century.  Even when disaster turned out to be attached to them, the NSA’s surveillance programs have come with such a discounted price tag that no Washington elite was going to reject them.
  • What exactly was the aim of such an unprecedented program of massive domestic and planetary spying, which clearly carried the risk of controversy at home and abroad? Here, an awareness of the more than century-long history of U.S. surveillance can guide us through the billions of bytes swept up by the NSA to the strategic significance of such a program for the planet’s last superpower. What the past reveals is a long-term relationship between American state surveillance and political scandal that helps illuminate the unacknowledged reason why the NSA monitors America’s closest allies. Not only does such surveillance help gain intelligence advantageous to U.S. diplomacy, trade relations, and war-making, but it also scoops up intimate information that can provide leverage -- akin to blackmail -- in sensitive global dealings and negotiations of every sort. The NSA’s global panopticon thus fulfills an ancient dream of empire. With a few computer key strokes, the agency has solved the problem that has bedeviled world powers since at least the time of Caesar Augustus: how to control unruly local leaders, who are the foundation for imperial rule, by ferreting out crucial, often scurrilous, information to make them more malleable.
  • Once upon a time, such surveillance was both expensive and labor intensive. Today, however, unlike the U.S. Army’s shoe-leather surveillance during World War I or the FBI’s break-ins and phone bugs in the Cold War years, the NSA can monitor the entire world and its leaders with only 100-plus probes into the Internet’s fiber optic cables. This new technology is both omniscient and omnipresent beyond anything those lacking top-secret clearance could have imagined before the Edward Snowden revelations began.  Not only is it unimaginably pervasive, but NSA surveillance is also a particularly cost-effective strategy compared to just about any other form of global power projection. And better yet, it fulfills the greatest imperial dream of all: to be omniscient not just for a few islands, as in the Philippines a century ago, or a couple of countries, as in the Cold War era, but on a truly global scale. In a time of increasing imperial austerity and exceptional technological capability, everything about the NSA’s surveillance told Washington to just “go for it.”  This cut-rate mechanism for both projecting force and preserving U.S. global power surely looked like a no-brainer, a must-have bargain for any American president in the twenty-first century -- before new NSA documents started hitting front pages weekly, thanks to Snowden, and the whole world began returning the favor.
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  • As the gap has grown between Washington’s global reach and its shrinking mailed fist, as it struggles to maintain 40% of world armaments (the 2012 figure) with only 23% of global gross economic output, the U.S. will need to find new ways to exercise its power far more economically. As the Cold War took off, a heavy-metal U.S. military -- with 500 bases worldwide circa 1950 -- was sustainable because the country controlled some 50% of the global gross product. But as its share of world output falls -- to an estimated 17% by 2016 -- and its social welfare costs climb relentlessly from 4% of gross domestic product in 2010 to a projected 18% by 2050, cost-cutting becomes imperative if Washington is to survive as anything like the planet’s “sole superpower.” Compared to the $3 trillion cost of the U.S. invasion and occupation of Iraq, the NSA’s 2012 budget of just $11 billion for worldwide surveillance and cyberwarfare looks like cost saving the Pentagon can ill-afford to forego. Yet this seeming “bargain” comes at what turns out to be an almost incalculable cost. The sheer scale of such surveillance leaves it open to countless points of penetration, whether by a handful of anti-war activists breaking into an FBI field office in Media, Pennsylvania, back in 1971 or Edward Snowden downloading NSA documents at a Hawaiian outpost in 2012.
  • In October 2001, not satisfied with the sweeping and extraordinary powers of the newly passed Patriot Act, President Bush ordered the National Security Agency to commence covert monitoring of private communications through the nation's telephone companies without the requisite FISA warrants. Somewhat later, the agency began sweeping the Internet for emails, financial data, and voice messaging on the tenuous theory that such “metadata” was “not constitutionally protected.” In effect, by penetrating the Internet for text and the parallel Public Switched Telephone Network (PSTN) for voice, the NSA had gained access to much of the world’s telecommunications. By the end of Bush’s term in 2008, Congress had enacted laws that not only retrospectively legalized these illegal programs, but also prepared the way for NSA surveillance to grow unchecked. Rather than restrain the agency, President Obama oversaw the expansion of its operations in ways remarkable for both the sheer scale of the billions of messages collected globally and for the selective monitoring of world leaders.
  • By 2012, the centralization via digitization of all voice, video, textual, and financial communications into a worldwide network of fiber optic cables allowed the NSA to monitor the globe by penetrating just 190 data hubs -- an extraordinary economy of force for both political surveillance and cyberwarfare.
  • With a few hundred cable probes and computerized decryption, the NSA can now capture the kind of gritty details of private life that J. Edgar Hoover so treasured and provide the sort of comprehensive coverage of populations once epitomized by secret police like East Germany’s Stasi. And yet, such comparisons only go so far. After all, once FBI agents had tapped thousands of phones, stenographers had typed up countless transcripts, and clerks had stored this salacious paper harvest in floor-to-ceiling filing cabinets, J. Edgar Hoover still only knew about the inner-workings of the elite in one city: Washington, D.C.  To gain the same intimate detail for an entire country, the Stasi had to employ one police informer for every six East Germans -- an unsustainable allocation of human resources. By contrast, the marriage of the NSA’s technology to the Internet’s data hubs now allows the agency’s 37,000 employees a similarly close coverage of the entire globe with just one operative for every 200,000 people on the planet
  • Through the expenditure of $250 million annually under its Sigint Enabling Project, the NSA has stealthily penetrated all encryption designed to protect privacy. “In the future, superpowers will be made or broken based on the strength of their cryptanalytic programs,” reads a 2007 NSA document. “It is the price of admission for the U.S. to maintain unrestricted access to and use of cyberspace.” By collecting knowledge -- routine, intimate, or scandalous -- about foreign leaders, imperial proconsuls from ancient Rome to modern America have gained both the intelligence and aura of authority necessary for dominion over alien societies. The importance, and challenge, of controlling these local elites cannot be overstated. During its pacification of the Philippines after 1898, for instance, the U.S. colonial regime subdued contentious Filipino leaders via pervasive policing that swept up both political intelligence and personal scandal. And that, of course, was just what J. Edgar Hoover was doing in Washington during the 1950s and 1960s.
  • Indeed, the mighty British Empire, like all empires, was a global tapestry woven out of political ties to local leaders or “subordinate elites” -- from Malay sultans and Indian maharajas to Gulf sheiks and West African tribal chiefs. As historian Ronald Robinson once observed, the British Empire spread around the globe for two centuries through the collaboration of these local leaders and then unraveled, in just two decades, when that collaboration turned to “non-cooperation.” After rapid decolonization during the 1960s transformed half-a-dozen European empires into 100 new nations, their national leaders soon found themselves the subordinate elites of a spreading American global imperium. Washington suddenly needed the sort of private information that could keep such figures in line. Surveillance of foreign leaders provides world powers -- Britain then, America now -- with critical information for the exercise of global hegemony. Such spying gave special penetrating power to the imperial gaze, to that sense of superiority necessary for dominion over others.  It also provided operational information on dissidents who might need to be countered with covert action or military force; political and economic intelligence so useful for getting the jump on allies in negotiations of all sorts; and, perhaps most important of all, scurrilous information about the derelictions of leaders useful in coercing their compliance.
  • In late 2013, the New York Times reported that, when it came to spying on global elites, there were “more than 1,000 targets of American and British surveillance in recent years,” reaching down to mid-level political actors in the international arena. Revelations from Edward Snowden’s cache of leaked documents indicate that the NSA has monitored leaders in some 35 nations worldwide -- including Brazilian president Dilma Rousseff, Mexican presidents Felipe Calderón and Enrique Peña Nieto, German Chancellor Angela Merkel, and Indonesia’s president Susilo Bambang Yudhoyono.  Count in as well, among so many other operations, the monitoring of “French diplomatic interests” during the June 2010 U.N. vote on Iran sanctions and “widespread surveillance” of world leaders during the Group 20 summit meeting at Ottawa in June 2010. Apparently, only members of the historic “Five Eyes” signals-intelligence alliance (Australia, Canada, New Zealand, and Great Britain) remain exempt -- at least theoretically -- from NSA surveillance. Such secret intelligence about allies can obviously give Washington a significant diplomatic advantage. During U.N. wrangling over the U.S. invasion of Iraq in 2002-2003, for example, the NSA intercepted Secretary-General Kofi Anan’s conversations and monitored the “Middle Six” -- Third World nations on the Security Council -- offering what were, in essence, well-timed bribes to win votes. The NSA’s deputy chief for regional targets sent a memo to the agency’s Five Eyes allies asking “for insights as to how membership is reacting to on-going debate regarding Iraq, plans to vote on any related resolutions [..., and] the whole gamut of information that could give U.S. policymakers an edge in obtaining results favorable to U.S. goals.”
  • Indicating Washington’s need for incriminating information in bilateral negotiations, the State Department pressed its Bahrain embassy in 2009 for details, damaging in an Islamic society, on the crown princes, asking: “Is there any derogatory information on either prince? Does either prince drink alcohol? Does either one use drugs?” Indeed, in October 2012, an NSA official identified as “DIRNSA,” or Director General Keith Alexander, proposed the following for countering Muslim radicals: “[Their] vulnerabilities, if exposed, would likely call into question a radicalizer’s devotion to the jihadist cause, leading to the degradation or loss of his authority.” The agency suggested that such vulnerabilities could include “viewing sexually explicit material online” or “using a portion of the donations they are receiving… to defray personal expenses.” The NSA document identified one potential target as a “respected academic” whose “vulnerabilities” are “online promiscuity.”
  • Just as the Internet has centralized communications, so it has moved most commercial sex into cyberspace. With an estimated 25 million salacious sites worldwide and a combined 10.6 billion page views per month in 2013 at the five top sex sites, online pornography has become a global business; by 2006, in fact, it generated $97 billion in revenue. With countless Internet viewers visiting porn sites and almost nobody admitting it, the NSA has easy access to the embarrassing habits of targets worldwide, whether Muslim militants or European leaders. According to James Bamford, author of two authoritative books on the agency, “The NSA's operation is eerily similar to the FBI's operations under J. Edgar Hoover in the 1960s where the bureau used wiretapping to discover vulnerabilities, such as sexual activity, to ‘neutralize’ their targets.”
  • Indeed, whistleblower Edward Snowden has accused the NSA of actually conducting such surveillance.  In a December 2013 letter to the Brazilian people, he wrote, “They even keep track of who is having an affair or looking at pornography, in case they need to damage their target's reputation.” If Snowden is right, then one key goal of NSA surveillance of world leaders is not U.S. national security but political blackmail -- as it has been since 1898. Such digital surveillance has tremendous potential for scandal, as anyone who remembers New York Governor Eliot Spitzer’s forced resignation in 2008 after routine phone taps revealed his use of escort services; or, to take another obvious example, the ouster of France’s budget minister Jérôme Cahuzac in 2013 following wire taps that exposed his secret Swiss bank account. As always, the source of political scandal remains sex or money, both of which the NSA can track with remarkable ease.
  • By starting a swelling river of NSA documents flowing into public view, Edward Snowden has given us a glimpse of the changing architecture of U.S. global power. At the broadest level, Obama’s digital “pivot” complements his overall defense strategy, announced in 2012, of reducing conventional forces while expanding into the new, cost-effective domains of space and cyberspace. While cutting back modestly on costly armaments and the size of the military, President Obama has invested billions in the building of a new architecture for global information control. If we add the $791 billion expended to build the Department of Homeland Security bureaucracy to the $500 billion spent on an increasingly para-militarized version of global intelligence in the dozen years since 9/11, then Washington has made a $1.2 trillion investment in a new apparatus of world power.
  • So formidable is this security bureaucracy that Obama’s recent executive review recommended the regularization, not reform, of current NSA practices, allowing the agency to continue collecting American phone calls and monitoring foreign leaders into the foreseeable future. Cyberspace offers Washington an austerity-linked arena for the exercise of global power, albeit at the cost of trust by its closest allies -- a contradiction that will bedevil America’s global leadership for years to come. To update Henry Stimson: in the age of the Internet, gentlemen don't just read each other’s mail, they watch each other’s porn. Even if we think we have nothing to hide, all of us, whether world leaders or ordinary citizens, have good reason to be concerned.
Gary Edwards

Obsessed by Megalomania: Interview with Hans-Hermann Hoppe - 0 views

lewrockwell.com/...hoppe31.1.html

Hans-Hermann-Hoppe Libertarian Ludwig-Von-Mises Austrian-Economics

shared by Gary Edwards on 29 Dec 12 - No Cached
  • The ‘Occupy’ movement consists of economic ignoramuses who fail to understand that the banks’ dirty tricks, which they rightly deplore, are possible only because there is a state-licensed central bank that acts as a "lender of last resort," and that the current financial crisis therefore is not a crisis of capitalism but a crisis of statism.
  • The ‘Pirates’, with their demand for an unconditional basic income, are well on the way to becoming another ‘free beer for all’ party. They have a single issue: criticism of ‘intellectual property rights’ (IP rights), which could make them very popular – and earn them the enmity in particular of the music, film and pharmaceutical industries. But even there they are clueless wimps.
  • IP has nothing to do with property, but rather with state privileges.
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  • IP rights are not property but, on the contrary, are an attack on property and therefore completely illegitimate.
  • The idea of a monopolistic property protector and law keeper is self-contradictory.
  • In order to guarantee the protection of property and safeguard the law there has to be free competition in the area of law as well. Other institutions apart from the state must be allowed to provide property and law protection services.
  • The state then becomes a normal subject of private law, on an equal footing with all other people. It can’t raise taxes any more or unilaterally enact laws. Its employees will have to finance themselves just the same as everybody else does: by producing and offering something that freely engaging customers consider value for money.
  • States go to war because they can, via taxes, pass on the cost to third parties who are not directly involved.
  • By contrast, for voluntarily financed companies war is economic suicide.
  • There is an interim solution. It’s called secession and political decentralization. Small states must be libertarian, otherwise the productive people will desert them. Desirable therefore is a world made up of thousands of Liechtensteins, Singapores and Hong Kongs.
  • In contrast, a European central government – and even more so a world government – with a ‘harmonized’ tax and regulation policy, is the gravest threat to freedom.
  • All highly-developed forms of religion forbid the coveting of someone else’s property. This prohibition is the foundation of peaceful cooperation. In a democracy, on the other hand, anyone can covet anybody else’s property and act according to his desire – the only precondition being that he can gain access to the corridors of power.
  • Thus, under democratic conditions, everybody becomes a potential threat.
  • No, the state is anything but the result of a contract!
  • Gary Edwards on 29 Dec 12
     
    Jaw dropping libertarian analysis.  Hoppe argues that democracy, or more correctly called "mobocracy" results in "The Competition of Crooks".  Fascinating stuff.  I've highlighted some of the more resounding libertarian bites. excerpt: "Are taxes nothing but protection money? The state a kind of mafia? Democracy a fraud? Philosopher Hans-Hermann Hoppe is not only considered one of the most prominent pioneering intellectuals of the libertarian movement, but also perhaps the sharpest critic of the Western political system. Professor Hoppe: In your essay collection 'Der Wettbewerb der Gauner' ('The Competition of Crooks') you write that '99 percent of citizens, asked if the state was necessary, would answer yes.' Me too! Why am I wrong?"
Paul Merrell

Swiss Gold Referendum: What It Really Means -- Paul Craig Roberts - PaulCraigRoberts.org - 0 views

www.paulcraigroberts.org/...eally-means-paul-craig-roberts

banksters Switzerland gold-election QE Fed

shared by Paul Merrell on 25 Nov 14 - No Cached
  • In a few days the Swiss people will go to the polls to decide whether the Swiss central bank is to be required to hold 20% of its reserves in the form of gold. Polls show that the gold requirement is favored by the less well off and opposed by wealthy Swiss invested in stocks. http://snbchf.com/gold/swiss-gold-referendum-latest-news/ These poll results provide new insight into the real reason for Quantitative Easing by the Federal Reserve and European Central Bank.
Paul Merrell

Libya: From Africa's Richest State Under Gaddafi, to Failed State After NATO Interventi... - 0 views

www.globalresearch.ca/...5408740

war & peace Libya failed-state U.S.-foreign-policy

shared by Paul Merrell on 20 Oct 14 - No Cached
  • This week marks the three-year anniversary of the Western-backed assassination of Libya’s former president, Muammar Gaddafi, and the fall of one of Africa’s greatest nations. In 1967 Colonel Gaddafi inherited one of the poorest nations in Africa; however, by the time he was assassinated, Gaddafi had turned Libya into Africa’s wealthiest nation. Libya had the highest GDP per capita and life expectancy on the continent. Less people lived below the poverty line than in the Netherlands. After NATO’s intervention in 2011, Libya is now a failed state and its economy is in shambles. As the government’s control slips through their fingers and into to the militia fighters’ hands, oil production has all but stopped. The militias variously local, tribal, regional, Islamist or criminal, that have plagued Libya since NATO’s intervention, have recently lined up into two warring factions. Libya now has two governments, both with their own Prime Minister, parliament and army.
  • For over 40 years, Gaddafi promoted economic democracy and used the nationalized oil wealth to sustain progressive social welfare programs for all Libyans. Under Gaddafi’s rule, Libyans enjoyed not only free health-care and free education, but also free electricity and interest-free loans. Now thanks to NATO’s intervention the health-care sector is on the verge of collapse as thousands of Filipino health workers flee the country, institutions of higher education across the East of the country are shut down, and black outs are a common occurrence in once thriving Tripoli. One group that has suffered immensely from NATO’s bombing campaign is the nation’s women. Unlike many other Arab nations, women in Gaddafi’s Libya had the right to education, hold jobs, divorce, hold property and have an income. The United Nations Human Rights Council praised Gaddafi for his promotion of women’s rights. When the colonel seized power in 1969, few women went to university. Today, more than half of Libya’s university students are women. One of the first laws Gaddafi passed in 1970 was an equal pay for equal work law. Nowadays, the new “democratic” Libyan regime is clamping down on women’s rights. The new ruling tribes are tied to traditions that are strongly patriarchal. Also, the chaotic nature of post-intervention Libyan politics has allowed free reign to extremist Islamic forces that see gender equality as a Western perversion.
  • Hifter’s forces are currently vying with the Al Qaeda group Ansar al-Sharia for control of Libya’s second largest city, Benghazi. Ansar al-Sharia was armed by America during the NATO campaign against Colonel Gaddafi. In yet another example of the U.S. backing terrorists backfiring, Ansar al-Sharia has recently been blamed by America for the brutal assassination of U.S. Ambassador Stevens. Hifter is currently receiving logistical and air support from the U.S. because his faction envision a mostly secular Libya open to Western financiers, speculators, and capital. Perhaps, Gaddafi’s greatest crime, in the eyes of NATO, was his desire to put the interests of local labour above foreign capital and his quest for a strong and truly United States of Africa. In fact, in August 2011, President Obama confiscated $30 billion from Libya’s Central Bank, which Gaddafi had earmarked for the establishment of the African IMF and African Central Bank. In 2011, the West’s objective was clearly not to help the Libyan people, who already had the highest standard of living in Africa, but to oust Gaddafi, install a puppet regime, and gain control of Libya’s natural resources.
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  • On one side, in the West of the country, Islamist-allied militias took over control of the capital Tripoli and other cities and set up their own government, chasing away a parliament that was elected over the summer. On the other side, in the East of the Country, the “legitimate” government dominated by anti-Islamist politicians, exiled 1,200 kilometers away in Tobruk, no longer governs anything. The fall of Gaddafi’s administration has created all of the country’s worst-case scenarios: Western embassies have all left, the South of the country has become a haven for terrorists, and the Northern coast a center of migrant trafficking. Egypt, Algeria and Tunisia have all closed their borders with Libya. This all occurs amidst a backdrop of widespread rape, assassinations and torture that complete the picture of a state that is failed to the bone. America is clearly fed up with the two inept governments in Libya and is now backing a third force: long-time CIA asset, General Khalifa Hifter, who aims to set himself up as Libya’s new dictator. Hifter, who broke with Gaddafi in the 1980s and lived for years in Langley, Virginia, close to the CIA’s headquarters, where he was trained by the CIA, has taken part in numerous American regime change efforts, including the aborted attempt to overthrow Gaddafi in 1996.
  • Three years ago, NATO declared that the mission in Libya had been “one of the most successful in NATO history.” Truth is, Western interventions have produced nothing but colossal failures in Libya, Iraq, and Syria. Lest we forget, prior to western military involvement in these three nations, they were the most modern and secular states in the Middle East and North Africa with the highest regional women’s rights and standards of living. A decade of failed military expeditions in the Middle East has left the American people in trillions of dollars of debt. However, one group has benefited immensely from the costly and deadly wars: America’s Military-Industrial-Complex. Building new military bases means billions of dollars for America’s military elite. As Will Blum has pointed out, following the bombing of Iraq, the United States built new bases in Kuwait, Bahrain, Qatar, the United Arab Emirates, Oman and Saudi Arabia. Following the bombing of Afghanistan, the United States is now building military bases in Pakistan, Kazakhstan, Uzbekistan and Tajikistan. Following the recent bombing of Libya, the United States has built new military bases in the Seychelles, Kenya, South Sudan, Niger and Burkina Faso.
  • Given that Libya sits atop the strategic intersection of the African, Middle Eastern and European worlds, Western control of the nation, has always been a remarkably effective way to project power into these three regions and beyond. NATO’s military intervention may have been a resounding success for America’s military elite and oil companies but for the ordinary Libyan, the military campaign may indeed go down in history as one of the greatest failures of the 21st century.
  • Paul Merrell on 20 Oct 14
     
    Indeed, Muammar Gadafi was well on his way to becoming the Simón Bolívar of Africa when the U.S. snuffed out his government and his life to end his efforts to create a United States of Africa with its own gold-backed currency. Were there Justice in this world, Barack Obama would be in prison today for his war crimes against the Libyan people. 
Paul Merrell

Dollar slips to 3-month lows, heads for worst year since 2003 | Business Line - 0 views

www.thehindubusinessline.com/...article10004919.ece

economy dollar-devaluation

shared by Paul Merrell on 31 Dec 17 - No Cached
  •   The dollar slipped to its lowest in more than three months against a basket of major currencies on Friday as the euro and sterling climbed, putting the greenback on track for an almost 10 per cent fall over the year - its worst showing since 2003. The dollar started 2017 on a high, with the index that tracks it against a basket of six major currencies hitting its strongest in 14 years on hopes that new US president Donald Trump would implement pro-growth, pro-inflation measures. But it has fallen back on doubts about Trump's ability to push through those policies. And it has also lost out as growth has picked up outside the United States, with other countries' central banks moving towards tighter monetary policy, lessening the gap between the Federal Reserve and others. “We are seeing synchronised global growth, in particular a very strong growth recovery in the euro area, which is leading the ECB (European Central Bank) to gradually normalise policy, which is helping the euro,” said Societe Generale currency strategist Alvin Tan. Tan added that the dollar had become overvalued against the euro, yen and sterling at the start of the year and so another part of the reason for its weakness in 2017 was a mean reversion in valuation.
  • Paul Merrell on 31 Dec 17
     
    Watch prices of imported goods rise in the coming year?
Paul Merrell

China could possibly be the pioneer of a world currency - 0 views

www.australiannationalreview.com/ossibly-pioneer-world-currency

de-dollarization yuan reserve currrencies payment currencies

shared by Paul Merrell on 15 Mar 15 - No Cached
  • China’s yuan has just made it onto the list of the world’s top five payment currencies, but the country’s plans seem to go beyond an honourable fifth position.
  • A survey conducted in 2014 showed that the Chinese yuan will supersede the U.S. dollar as the top international reserve currency. The survey of 200 institutional investors published by State Street and the Economist Intelligence Unit found 53 per cent of investors think the renminbi (RMB) will top the U.S. dollar as the world’s major reserve currency. The report accompanying the survey claimed that “the global importance of the RMB will become magnified.” This view was shared by Yves Mersch, member of the Executive Board of European Central Bank, who stated that China’s yuan is gaining importance in international trade and investment and might even challenge the U.S. dollar. In January, global transaction services organisation SWIFT announced that China’s yuan has overtaken the Canadian dollar and the Australian dollar and jumped from the seventh spot on the world’s top payment currencies list to the fifth position. Wim Raymaekers, head of banking markets at SWIFT said in a statement that the yuan’s new position “confirms its transition from an ‘emerging’ to a ‘business as usual’ payment currency,” Reuters reported. Global yuan payments boosted by 20.3 per cent in value in December compared to the previous year.
  • The financial industry is currently anticipating the launch of the yuan for international use via China International Payment System (CIPS). A senior bank official told Reuters that the official launch of the CIPS “will be in September or October.” The CIPS will place the Chinese currency on equal position with other world currencies in terms of operating hours, risk reduction and maximizing liquidity. Its key features include simultaneous handling of payments in 17 times zones in the Americas, Asia, Africa and Europe, international reporting with multi-language features and cross-border yuan clearing for onshore and offshore clients, Chinese online media company Yibada noted.
Paul Merrell

How 'Free Markets' Defame 'Democracy' | Consortiumnews - 0 views

consortiumnews.com/...-free-markets-defame-democracy

war & peace U.S.-foreign-policy U.S.-front-groups NED Freedom-House CIA BIden

shared by Paul Merrell on 13 Mar 15 - No Cached
  • Venezuela seems to be following Ukraine on the neocon hit list for “regime change” as Washington punishes Caracas for acting against a perceived coup threat. But a broader problem is how the U.S. conflates “free markets” with “democracy,” giving “democracy” a bad name, writes Robert Parry.
  • The one common thread in modern U.S. foreign policy is an insistence on “free market” solutions to the world’s problems. That is, unless you’re lucky enough to live in a First World ally of the United States or your country is too big to bully.So, if you’re in France or Canada or – for that matter – China, you can have generous health and educational services and build a modern infrastructure. But if you’re a Third World country or otherwise vulnerable – like, say, Ukraine or Venezuela – Official Washington insists that you shred your social safety net and give free reign to private investors.
  • If you’re good and accept this “free market” domination, you become, by the U.S. definition, a “democracy” – even if doing so goes against the wishes of most of your citizens. In other words, it doesn’t matter what most voters want; they must accept the “magic of the market” to be deemed a “democracy.”Thus, in today’s U.S. parlance, “democracy” has come to mean almost the opposite of what it classically meant. Rather than rule by a majority of the people, you have rule by “the market,” which usually translates into rule by local oligarchs, rich foreigners and global banks.Governments that don’t follow these rules – by instead shaping their societies to address the needs of average citizens – are deemed “not free,” thus making them targets of U.S.-funded “non-governmental organizations,” which train activists, pay journalists and coordinate business groups to organize an opposition to get rid of these “un-democratic” governments.
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  • If a leader seeks to defend his or her nation’s sovereignty by such means as requiring these NGOs to register as “foreign agents,” the offending government is accused of violating “human rights” and becomes a candidate for more aggressive “regime change.”Currently, one of the big U.S. complaints against Russia is that it requires foreign-funded NGOs that seek to influence policy decisions to register as “foreign agents.” The New York Times and other Western publications have cited this 2012 law as proof that Russia has become a dictatorship, while ignoring the fact that the Russians modeled their legislation after a U.S. law known as the “Foreign Agent Registration Act.”So, it’s okay for the U.S. to label people who are paid by foreign entities to influence U.S. policies as “foreign agents” – and to imprison people who fail to register – but not for Russia to do the same. A number of these NGOs in Russia and elsewhere also are not “independent” entities but instead are financed by the U.S.-funded National Endowment for Democracy (NED) and the U.S. Agency for International Development.
  • There is even a circular element to this U.S. complaint. Leading the denunciation of Russia and other governments that restrain these U.S.-financed NGOs is Freedom House, which marks down countries on its “freedom index” when they balk at letting in this back-door U.S. influence. However, over the past three decades, Freedom House has become essentially a subsidiary of NED, a bought-and-paid-for NGO itself.
  • That takeover began in earnest in 1983 when CIA Director William Casey was focused on creating a funding mechanism to support Freedom House and other outside groups that would engage in propaganda and political action that the CIA had historically organized and financed covertly. Casey helped shape the plan for a congressionally funded entity that would serve as a conduit for this U.S. government money.But Casey recognized the need to hide the CIA’s strings. “Obviously we here [at CIA] should not get out front in the development of such an organization, nor should we appear to be a sponsor or advocate,” Casey said in one undated letter to then-White House counselor Edwin Meese III – as Casey urged creation of a “National Endowment.” [See Consortiumnews.com’s “CIA’s Hidden Hand in ‘Democracy’ Groups.”]Casey’s planning led to the 1983 creation of NED, which was put under the control of neoconservative Carl Gershman, who remains in charge to this day. Gershman’s NED now distributes more than $100 million a year, which included financing scores of activists, journalists and other groups inside Ukraine before last year’s coup and now pays for dozens of projects in Venezuela, the new emerging target for “regime change.”
  • But NED’s cash is only a part of how the U.S. government manipulates events in vulnerable countries. In Ukraine, prior to the February 2014 coup, neocon Assistant Secretary of State Victoria Nuland reminded Ukrainian business leaders that the United States had invested $5 billion in their “European aspirations.”Nuland then handpicked who would be the new leadership, telling U.S. Ambassador Geoffrey Pyatt that “Yats is the guy,” referring to “free market” politician Arseniy Yatsenyuk, who not surprisingly emerged as the new prime minister after a violent coup ousted elected President Viktor Yanukovych on Feb. 22, 2014.The coup also started a civil war that has claimed more than 6,000 lives, mostly ethnic Russians in eastern Ukraine who had supported Yanukovych and were targeted for a ruthless “anti-terrorist operation” spearheaded by neo-Nazi and other far-right militias dispatched by the U.S.-backed regime in Kiev. But Nuland blames everything on Russia’s President Vladimir Putin. [See Consortiumnews.com’s “Nuland’s Mastery of Ukraine Propaganda.”]On top of Ukraine’s horrific death toll, the country’s economy has largely collapsed, but Nuland, Yatsenyuk and other free-marketeers have devised a solution, in line with the wishes of the Washington-based International Monetary Fund: Austerity for the average Ukrainian.
  • Before the Senate Foreign Relations Committee on Tuesday, Nuland hailed “reforms” to turn Ukraine into a “free-market state,” including decisions “to reduce and cap pension benefits, increase work requirements and phase in a higher retirement age; … [and] cutting wasteful gas subsidies.”In other words, these “reforms” are designed to make the hard lives of average Ukrainians even harder – by slashing pensions, removing work protections, forcing people to work into their old age and making them pay more for heat during the winter.‘Sharing’ the Wealth In exchange for those “reforms,” the IMF approved $17.5 billion in aid that will be handled by Ukraine’s Finance Minister Natalie Jaresko, who until last December was a former U.S. diplomat responsible for a U.S. taxpayer-financed $150 million investment fund for Ukraine that was drained of money as she engaged in lucrative insider deals – deals that she has fought to keep secret. Now, Ms. Jaresko and her cronies will get a chance to be the caretakers of more than 100 times more money. [See Consortiumnews.com’s “Ukraine’s Finance Minister’s American ‘Values.’”]
  • Other prominent Americans have been circling around Ukraine’s “democratic” opportunities. For instance, Vice President Joe Biden’s son Hunter was named to the board of directors of Burisma Holdings, Ukraine’s largest private gas firm, a shadowy Cyprus-based company linked to Privat Bank.Privat Bank is controlled by the thuggish billionaire oligarch Ihor Kolomoysky, who was appointed by the Kiev regime to be governor of Dnipropetrovsk Oblast, a south-central province of Ukraine. In this tribute to “democracy,” the U.S.-backed Ukrainian authorities gave an oligarch his own province to rule. Kolomoysky also has helped finance paramilitary forces killing ethnic Russians in eastern Ukraine.Burisma has been lining up well-connected American lobbyists, too, some with ties to Secretary of State John Kerry, including Kerry’s former Senate chief of staff David Leiter, according to lobbying disclosures.As Time magazine reported, “Leiter’s involvement in the firm rounds out a power-packed team of politically-connected Americans that also includes a second new board member, Devon Archer, a Democratic bundler and former adviser to John Kerry’s 2004 presidential campaign. Both Archer and Hunter Biden have worked as business partners with Kerry’s son-in-law, Christopher Heinz, the founding partner of Rosemont Capital, a private-equity company.” [See Consortiumnews.com’s “The Whys Behind the Ukraine Crisis.”]
Paul Merrell

Euro plummets as global oil prices collapse - Europe - Al Jazeera English - 0 views

www.aljazeera.com/...llapse-201515223845848495.html

economy Eurozone Greece Syriza election

shared by Paul Merrell on 08 Jan 15 - No Cached
  • The euro has plunged to a nine-year low against the dollar on worries that a victory in Greece by the far-left Syriza party in the January 25 election will result in the country's departure from the European Union. The EU currency's value, which dived on Monday to $1.1864, a level last reached back in 2006. was also dented by growing expectations of quantitative easing, or economic stimulus, from the European Central Bank. "Greek problems may spell trouble for the eurozone (and) may impact energy demand out of Western Europe -- especially with press suggesting German politicians are talking about Grexit," said analyst Anthony Cheung.
Paul Merrell

Eurozone crosses Rubicon as Portugal's anti-euro Left banned from power - Telegraph - 0 views

www.telegraph.co.uk/...ro-Left-banned-from-power.html

banksters Portugal coup-government

shared by Paul Merrell on 25 Oct 15 - No Cached
  • Portugal has entered dangerous political waters. For the first time since the creation of Europe’s monetary union, a member state has taken the explicit step of forbidding eurosceptic parties from taking office on the grounds of national interest. Anibal Cavaco Silva, Portugal’s constitutional president, has refused to appoint a Left-wing coalition government even though it secured an absolute majority in the Portuguese parliament and won a mandate to smash the austerity regime bequeathed by the EU-IMF Troika.
  • He deemed it too risky to let the Left Bloc or the Communists come close to power, insisting that conservatives should soldier on as a minority in order to satisfy Brussels and appease foreign financial markets.
  • Democracy must take second place to the higher imperative of euro rules and membership. “In 40 years of democracy, no government in Portugal has ever depended on the support of anti-European forces, that is to say forces that campaigned to abrogate the Lisbon Treaty, the Fiscal Compact, the Growth and Stability Pact, as well as to dismantle monetary union and take Portugal out of the euro, in addition to wanting the dissolution of NATO,” said Mr Cavaco Silva.
  • ...3 more annotations...
  • “This is the worst moment for a radical change to the foundations of our democracy. "After we carried out an onerous programme of financial assistance, entailing heavy sacrifices, it is my duty, within my constitutional powers, to do everything possible to prevent false signals being sent to financial institutions, investors and markets,” he said. Mr Cavaco Silva argued that the great majority of the Portuguese people did not vote for parties that want a return to the escudo or that advocate a traumatic showdown with Brussels. This is true, but he skipped over the other core message from the elections held three weeks ago: that they also voted for an end to wage cuts and Troika austerity. The combined parties of the Left won 50.7pc of the vote. Led by the Socialists, they control the Assembleia.
  • The conservative premier, Pedro Passos Coelho, came first and therefore gets first shot at forming a government, but his Right-wing coalition as a whole secured just 38.5pc of the vote. It lost 28 seats.
  • The Socialist leader, Antonio Costa, has reacted with fury, damning the president’s action as a “grave mistake” that threatens to engulf the country in a political firestorm. “It is unacceptable to usurp the exclusive powers of parliament. The Socialists will not take lessons from professor Cavaco Silva on the defence of our democracy,” he said. Mr Costa vowed to press ahead with his plans to form a triple-Left coalition, and warned that the Right-wing rump government will face an immediate vote of no confidence. There can be no fresh elections until the second half of next year under Portugal’s constitution, risking almost a year of paralysis that puts the country on a collision course with Brussels and ultimately threatens to reignite the country’s debt crisis. The bond market has reacted calmly to events in Lisbon but it is no longer a sensitive gauge now that the European Central Bank is mopping up Portuguese debt under quantitative easing.
  • Paul Merrell on 25 Oct 15
     
    The banksters just dropped the pretense of democracy in Portugal.  For additional analysis, see http://www.globalresearch.ca/the-pantomime-of-democracy-portugals-coup-against-anti-austerity/5484375
Paul Merrell

Obama halted NSA spying on IMF and World Bank headquarters | Reuters - 0 views

www.reuters.com/...rity-imf-idUSL1N0IL19I20131031

surveillance state NSA NSA-targets economic-intelligence Obama banksters

shared by Paul Merrell on 02 Nov 13 - No Cached
  • (Reuters) - President Barack Obama has ordered the National Security Agency to stop eavesdropping on the headquarters of the International Monetary Fund and World Bank as part of a review of intelligence gathering activities, according to a U.S. official familiar with the matter.
  • The first official said Obama had ordered a halt to such practices within the last few weeks, about the same time he instructed the NSA to curtail eavesdropping on the United Nations headquarters in New York.
  • It is no secret that U.S. spy agencies historically have collected and analyzed information related to economic affairs - in public briefings to Congress, top intelligence officials have discussed assessments of economic issues.But a former senior U.S. intelligence official said that the Obama Administration had put greater emphasis and resources than predecessors into collecting and assessing economic information.In February 2009, shortly after Obama entered the White House, the Central Intelligence Agency began producing a new "Economic Intelligence Brief" for him to review along with the regular President's Daily Brief on international security and threats.Leon Panetta, Obama's first CIA director, said at the time the change was aimed at understanding the implications of the global economic crisis, and that the agency was considering hiring more economic analysts.The former U.S. intelligence official noted that insider detail on economic policy developments - for example, financial crises affecting the economies of European countries such as Greece, Italy and Spain, and the stability of the Euro - is the type of critical information U.S. policymakers welcome.
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  • The desire by U.S. policymakers for such information could help explain why NSA collected information on foreign leaders such as Merkel. Her cellphone number was listed in a NSA targeting document, which German media outlets apparently obtained from Snowden's cache. U.S. officials have now indicated that much NSA eavesdropping on Merkel and other allied leaders is likely to be curtailed if not halted.
  • Paul Merrell on 02 Nov 13
     
    Heaven forbid that anyone should even suspect that the NSA's economic intelligence is also being used by banksters to make investment decisions. No every NSA and NSA contractor staffer can be trusted to never disclose NSA secrets to others... er ... except Edward Snowden and he gave those secrets to journalists, not to banksters. The rest can all be trusted, no matter how much money they are offered. 
Paul Merrell

UNASUR Moves toward Continental Freedom of Movement, Venezuela Makes "Equality" Call | ... - 0 views

nsnbc.me/...-venezuela-makes-equality-call

regional-governments UNASUR South-American-integration de-dollarization

shared by Paul Merrell on 06 Dec 14 - No Cached
  • The 12 member Union of South American Nations (UNASUR) has taken a step toward creating South American citizenship and freedom of movement. Venezuelan president Nicolas Maduro also called for strategies to promote continental economic development, social equality and defence sovereignty. The new proposals for South American integration were made during a UNASUR summit in Guayaquil, Ecuador yesterday. Today regional leaders are meeting in the Ecuadorian capital Quito for the opening of the organisation’s new permanent headquarters.
  • Taking place over two days, the summit in Guayaquil sought to design strategies to further develop regional integration. “We have approved the concept of South American citizenship. This should be the greatest register of what has happened,” said UNASUR general secretary Ernesto Samper at the summit yesterday. Part of this proposal is to create a “single passport” and homologate university degrees in order to give South Americans the right to live, work and study in any UNASUR country and to give legal protection to migrants – similar to freedom of movement rules for citizens of the European Union.
  • Ecuador’s president, Rafael Correa, argued that the statutes of UNASUR should be changed and that majorities, rather than absolute consensus, should be the minimum necessary basis on which to advance important areas of integration. In particular, Correa called for the advancement of financial integration and sovereignty, such as the Bank of the South and Reserve Fund, a currency exchange system to minimise the use of the dollar in intercontinental trade, the creation of a regional body to settle financial disputes, and a common currency “in the medium term”.
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  • Venezuelan president Nicolas Maduro agreed that the creation of new financial instruments was central to advancing regional integration and sovereignty. “From Venezuela we believe that we must take the agenda of shared economic development into our hands; a new financial architecture [that includes] the Bank of Structural Projects, that converts us into a powerful bloc,” he said to media in Guayaquil before the meeting with other UNASUR leaders. The two other priorities for the Venezuelan government at the meeting were to promote strategies for social equality and regional defence sovereignty. On defence, Maduro said that Venezuela would support a “new South American military doctrine” based on a “system of education for South American militaries, below the guidance of the South American Defence Council,” in which the thought of the continent’s 19th century independence leaders would be present.
  • Outgoing Uruguayan president Jose Mujica made a passionate speech while accepting the presidency on behalf of his country, where he stated, “There won’t be integration without commitment, willpower, and political will, because the global obstacles are enormous and the past continues to constrain us”. Meanwhile, respected former Brazilian president Lula Da Silva declared, “Today our main challenge is to deepen the construction of strategic thought of Latin America and the Caribbean. We can construct an integration project that is more daring, that takes advantage of the formation of our rich history, goods and cultures”.
  • The UNASUR was created in 2008. Its members are: Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, Guyana, Paraguay, Peru, Suriname, Uruguay and Venezuela.
  • Paul Merrell on 06 Dec 14
     
    A rough equivalent of the EU for South America and the Carribean? De-dollarization? A common currency? Regional defense sovereignty? Quite obviously, the CIA needs to expand its destabilization operations in Venezuela to a few more countries, else the banksters get grumpy. 
Paul Merrell

Asia Times Online :: Russia 1, Regime Changers 0 - 0 views

www.atimes.com/...CEN-01-170314.html

war & peace Ukraine Russia U.S.-foreign-policy Obama Kerry Lavrov

shared by Paul Merrell on 17 Mar 14 - No Cached
  • Let's cut to the chase - short and sweet. 1. The Obama administration's "strategic" gambit to subcontract the State Department's "Khaganate of Nulands" to extricate Ukraine from the Russian sphere of influence - and ultimately annex it to NATO - by instrumentalizing a coalition of willing neo-nazis and fascists with a central bank veneer (prime minister "Yats"), is in utter shambles. 2. Moscow's counterpunch was to prevent in Crimea - as intercepted by Russian intelligence - a planned replay of the putsch in Kiev. The referendum in Crimea - 85% of turnout, roughly 93% voting for re-joining Russia, according to exit polls - is a done deal, as much as the oh-so-democratic European Union (EU) keeps threatening to punish people in Crimea for exercising their basic democratic rights. (By the way, when the US got <a href='http://asianmedia.com/GAAN/www/delivery/ck.php?n=a9473bc7&cb=%n' target='_blank'><img src='http://asianmedia.com/GAAN/www/delivery/avw.php?zoneid=36&cb=%n&n=a9473bc7&ct0=%c' border='0' alt='' ></a> Kosovo to secede from Serbia, Serbians were offered no referendum). 3. The main rationale for the whole US "strategic" advance - to have their proxies, the regime changers in Kiev, cancel the agreement for the Russian naval base in Sevastopol - is up in smoke. Moscow remains present in the Black Sea and with full access to the Eastern Mediterranean. And the rest is blah blah blah.
  • In a nutshell; Moscow called Washington's bluff - and won.
  • And yet, Western hysteria of course will persist unabated. In the US, where it matters, the meme of the subsequent days will be, inevitably, who lost Syria and who lost Ukraine. Here's the record. Dubya launched two wars. He (miserably) lost both. Obama attempted to launch two wars (Syria and Ukraine). He - lucky for him - lost both even at the "attempt" stage. Assorted neo-cons and the whole exceptionalist brigade are predictably livid. Expect the editorial page of the Wall Street Journal to go ballistic. And expect US ambassador to the UN Samantha "R2P" Power to wish she were Sinead O'Connor singing Nothing Compares to You
  • Paul Merrell on 17 Mar 14
     
    Pepe Escobar's take on Obama betraying the U.S. War Party in regard to the Ukraine.
Paul Merrell

Higher US stockpiles, stronger dollar hit oil prices - Yahoo News - 0 views

news.yahoo.com/ing-us-supplies-191950351.html

economy Euro-QE oil-prices dollar

shared by Paul Merrell on 23 Jan 15 - No Cached
  • Oil prices slid Thursday on a jump in US petroleum stockpiles and the surge in the US dollar spurred by the European Central Bank's launch of a massive eurozone stimulus.
  • Oil prices also bore the brunt of a sharply rising dollar against the euro after the ECB said it would inject more than 1.0 trillion euros of stimulus into the stagnant eurozone economy.The pledge by ECB chief Mario Draghi for the bank to buy 60 billion euros ($69 billion) of bonds per month through at least September 2016 was more aggressive than the 50 billion euro pace many investors expected.The large-scale program, known as quantitative easing, was launched after eurozone inflation turned negative in December, stoking fears that the 19-nation eurozone is on the brink of a dangerous deflationary spiral of falling prices.The euro dived to $1.1363, its lowest level since September 2003, after trading at $1.1607 late Wednesday.A stronger greenback makes dollar-priced commodities more expensive for buyers using weaker currencies.
Paul Merrell

Greg Palast | Investigative Reporter - 0 views

www.gregpalast.com/ions-and-the-euro-leper-colony

financial-collapse Greece Eurozone Euro default IMF Germany

shared by Paul Merrell on 20 Jan 15 - No Cached
  • Europe is stunned, and bankers aghast, that polls show the new party of the Left, Syriza, will win Greece’s parliamentary elections to be held this coming Sunday, January 25. Syriza promises that, if elected, it will cure Greece of leprosy. Oddly, Syriza also promises that it will remain in the leper colony.  That is, Syriza wants to rid Greece of the cruelty of austerity imposed by the European Central Bank but insists on staying in the euro zone. The problem is, austerity run wild is merely a symptom of an illness.  The underlying disease is the euro itself.
Paul Merrell

U.S. Borrowers Cross the Atlantic to Sell Record Junk Debt - Bloomberg Business - 0 views

www.bloomberg.com/...ell-record-amount-of-junk-debt

banksters U.S. junk-bonds Europe

shared by Paul Merrell on 23 Mar 15 - No Cached
  • U.S. borrowers have sold a record amount of junk bonds in Europe this year to take advantage of investor demand for risky assets. VWR Corp., a laboratory products supplier, Huntsman Corp., Infor Inc. and IMS Health Holdings Inc. raised 1.43 billion euros ($1.53 billion) of high-yield debt this week, according to data compiled by Bloomberg. The issuance boosted 2015 sales to 3.28 billion euros, the busiest start to a year since the single currency was introduced in 1999. American companies are capitalizing on demand from investors who’ve seen yields quashed as the European Central Bank purchases bonds as part of its quantitative easing program. Bondholders are taking on more risk as yields on government securities from Austria to Finland turn negative and investment-grade notes pay record-low premiums.
  • “It all revolves around QE and the dynamic that it’s creating, which is forcing people out of low-yielding government paper into higher-yielding assets,” said Stuart Stanley, a London-based high-yield fund manager at Invesco Asset Management Ltd., which manages about $800 billion.
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