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Of course, the NYT/WaPo nexus rarely publishes any of our serious dissents and therefore we take refuge in alternate media, such as ‘The Nation,’ ‘Consortiumnews,’ ‘The Intercept,’ ‘Naked Capitalism,’ ‘Counterpunch,’ ‘Zero Hedge,’ ‘Antiwar.com,’ ‘Truthdig,’ ‘Common Dreams,’ etc. I think then we were all quite shocked (but not surprised) when recently we saw 200 WEBSITES listed as tools of the Kremlin (WaPo’s November 24, “Russian propaganda effort helped spread ‘fake news’ during election”).My God, the ghost of Izzy Stone is back from the 1950s! For that matter, so is Tom Clancy from the ’80s. False thrillers will now be written about the Russians hacking the American elections. Money and TV serials will be made. I’ve never read such hysterical junk in the New York Times (call it what it is — “fake news”), in which the editorials have become outrageous diatribes of alleged crimes by Russia, many of them presumably written by Serge Schmemann, one of those ideologues who still looks for Russians under his bed at night; they were called ‘White Russians’ in the old days and, like right-wing Cubans in Miami, are unable to live down past grievances. Schmemann is obviously riding high at the NYT edit board. This type of thinking has clearly influenced the Pentagon and many of our Generals’ statements, and has pervaded MSM reporting. When one group-think controls our national conversation, it becomes truly dangerous. In this spirit, I’m linking several crucial essays of new vintage, pointing out the disgrace the MSM has become.

The mysterious circumstances surrounding the death of 27-year-old Democratic-staffer Seth Rich (shot multiple times, and not robbed, at 420am near his home in Washington D.C., where no homicides have been reported within 1500 feet) have stirred Wikileaks founder Julian Assange to offer a $20,000 reward for information leading to a conviction. But it is Assange's comments during a Dutch TV interview that are most disturbing as he hinted that Rich - who was in charge of DNC voter expansion data - was the email-leaker and his death was a politically-motivated assassination.

As we detailed previously, the Clinton related body count so far this election cycle:  Five in just under six weeks - four convenient deaths plus one suicide... 1) Shawn Lucas, Sanders supporter who served papers to DNC on the Fraud Case (DOD August 2, 2016)   2) Victor Thorn, Clinton author (and Holocaust denier, probably the least credible on this list) shot himself in an apparent suicide. Conspiracy theorists at Mystery Writers of America said some guys will do anything to sell books. (DOD August, 2016)   3) Seth Conrad Rich, Democratic staffer, aged 27, apparently on his way to speak to the FBI about a case possibly involving the Clintons. The D.C. murder was not a robbery. (DOD July 8, 2016)   4) John Ashe, UN official who allegedly crushed his own throat while lifting weights, because he watched too many James Bond films and wanted to try the move where the bad guy tries to…oh, never mind. “He was scheduled to testify against the Clintons and the Democrat Party.” (DOD June 22, 2016)   5) Mike Flynn, the Big Government Editor for Breitbart News. Mike Flynn’s final article was published the day he died, “Clinton Cash: Bill, Hillary Created Their Own Chinese Foundation in 2014.” (DOD June 23, 2016) It must be coincidence, right?

Donald Trump may soon find himself on the receiving end of a "visa war" that could have dire consequences for trans-Atlantic travel and European tourism. On Thuesday, EU lawmakers voted to force Americans to apply for visas when traveling to Europe in response to Washington refusing to allow all Europeans to travel to the States visa-free.

he vote by show of hands was the latest in an ongoing “visa war” between Brussels and Washington DC, which now looks set to come to a head after MEPs today agreed that US nationals crossing the Atlantic should require additional travel documents as long as citizens from five EU countries (Bulgaria, Croatia, Cyprus, Poland and Romania) are kept from entering America without a visa. A European Parliament source told Telegraph Travel this was a “serious negative step in the EU-USA visa war”. Following today's vote, the EU Commission now has two months to reintroduce visas for Americans wishing to travel to Europe, after MEPs agreed the EU is now “legally obliged” to suspend the Visa Waiver Programme (VWP) with the US for a year after the US administration failed to meet a deadline to respond something called visa reciprocity. Parliament and the European Council will have the chance to object to anything put forward by the Commission according to the Telegraph. The resolution passed despite warnings from the European Travel Commission (ETC) of the damage a visa war with the US might have on the continent’s tourism industry.

As we reported at the time, it was in April 2014 that the European Commission was first made aware that the US - along with Australia, Brunei, Canada and Japan - was failing to ensure the same visa waiver rights for its citizens that Europe offered in return. The Commission then gave the countries a deadline of two years before retaliating. Since, Australia, Brunei and Japan have all lifted their visa requirements, with Canada set to do the same by the end of the year, but the US has failed to act. There has not yet been a response to today’s vote from the US but the State Department’s Bureau of Consular Affairs has said in the past that Bulgaria, Croatia, Cyprus, Poland and Romania do not yet meet security requirements for the US VWP. Canada also imposes visa requirements on Bulgarian and Romanian citizens, but it has announced that they will be lifted in December. Since the imposition of a visa regime is perceived as a major hurdle to free travel, the implementation of the MEP vote would likely lead to a dramatic drop in airline travel across the US and Europe, coupled with a plunge in tourism and associated reveue. As a country looking to boost its tourism industry will often look at loosening any existing visa requirements, the opposite may suggest that the European decision may have political overtones and be in response to Trump's aggressive anti-immigration regime.

The latest leaks from WikiLeaks' Vault 7 is titled “Dark Matter” and claims that the CIA has been bugging “factory fresh” iPhones since at least 2008 through suppliers.

And here is the full press release from WikiLeaks: Today, March 23rd 2017, WikiLeaks releases Vault 7 "Dark Matter", which contains documentation for several CIA projects that infect Apple Mac Computer firmware (meaning the infection persists even if the operating system is re-installed) developed by the CIA's Embedded Development Branch (EDB). These documents explain the techniques used by CIA to gain 'persistence' on Apple Mac devices, including Macs and iPhones and demonstrate their use of EFI/UEFI and firmware malware.   Among others, these documents reveal the "Sonic Screwdriver" project which, as explained by the CIA, is a "mechanism for executing code on peripheral devices while a Mac laptop or desktop is booting" allowing an attacker to boot its attack software for example from a USB stick "even when a firmware password is enabled". The CIA's "Sonic Screwdriver" infector is stored on the modified firmware of an Apple Thunderbolt-to-Ethernet adapter.   "DarkSeaSkies" is "an implant that persists in the EFI firmware of an Apple MacBook Air computer" and consists of "DarkMatter", "SeaPea" and "NightSkies", respectively EFI, kernel-space and user-space implants.   Documents on the "Triton" MacOSX malware, its infector "Dark Mallet" and its EFI-persistent version "DerStake" are also included in this release. While the DerStake1.4 manual released today dates to 2013, other Vault 7 documents show that as of 2016 the CIA continues to rely on and update these systems and is working on the production of DerStarke2.0.   Also included in this release is the manual for the CIA's "NightSkies 1.2" a "beacon/loader/implant tool" for the Apple iPhone. Noteworthy is that NightSkies had reached 1.2 by 2008, and is expressly designed to be physically installed onto factory fresh iPhones. i.e the CIA has been infecting the iPhone supply chain of its targets since at least 2008.   While CIA assets are sometimes used to physically infect systems in the custody of a target it is likely that many CIA physical access attacks have infected the targeted organization's supply chain including by interdicting mail orders and other shipments (opening, infecting, and resending) leaving the United States or otherwise.

The Fed spent over $1 trillion in 2013 (to push the stock market to all time highs) and all we got was... less jobs created than in 2012?

In what can be described a truly ironic event and a major failure for America's stated mission (because one can't help but wonder at all the support various Al Qaeda cells have received from the US and/or CIA) of eradicating the Al Qaeda scourge from the face of the earth, we learn today that al Qaeda appears to control more territory in the Arab world than it has done at any time in its history. According to a CNN report "from around Aleppo in western Syria to small areas of Falluja in central Iraq, al Qaeda now controls territory that stretches more than 400 miles across the heart of the Middle East, according to English and Arab language news accounts as well as accounts on jihadist websites."

The following recent map from Jane's shows just how extensive Al Qaeda's influence has grown in recent years.

Washington will soon be back at work on destabilizing the government of Iran again, a habit I suppose, but for the moment Washington is focused on destabilizing Ukraine. Ukraine has a democratically elected government, but Washington doesn’t like it because Washington didn’t pick it. The Ukraine or the western part of it is full of Washington funded NGOs whose purpose is to deliver Ukraine into the clutches of the EU where US and European banks can loot the country, as they looted, for example, Latvia, and simultaneously weaken Russia by stealing a large part of traditional Russia and converting it into US/NATO military bases against Russia. Perhaps Putin, an athlete, is distracted by the Olympic Games in Russia. Otherwise, it is something of a puzzle why Russia hasn’t put its nuclear missiles on high alert and occupied the western Ukraine with troops in order to prevent Ukraine’s overthrow by Washington’s money. Every country has citizens that will sell the country out for money, and western Ukraine is overflowing with such traitors. As we have seen for decades, Arabs and Muslims will sell out their people for Western money. So will western Ukrainians. The NGOs financed by Washington are committed to delivering Ukraine into Washington’s hands where Ukrainians can become American serfs and this integral part of Russia can become a staging ground for the US military. Of all the violent protests that we have witnessed, the Ukrainian one is the most orchestrated.

On February 6, Zero Hedge, one of the intelligent and informed Internet sites, posted a leaked recording from the despicable Victoria Nuland, an Assistant Secretary of State in the Obama Regime. Nuland is caught discussing with the US envoy to Ukraine, Geoffrey Pyatt, Washington’s choice for who heads the next Ukrainian government. Nuland is incensed that the European Union has not joined Washington in imposing sanctions on the Ukrainian government in order to complete Washington’s takeover of Ukraine. Nuland speaks as if she is God with the God-given right to select the government of Ukraine, which she proceeds to do. The EU, as corrupt as it is by Washington’s money, nevertheless understands being made rich by Washington is no protection agains Russian nuclear missiles. Nuland’s response to Europe’s hesitancy to risk its existence for the benefit of US hegemony is: “Fuck the EU.” So much for Washington’s attitude toward its captive allies and the peoples of the world.

With diplomacy having failed miserably to resolve the Russian annexation of Crimea, and soon East Ukraine (and with John Kerry in charge of it, was there ever any doubt), the US is moving to the heavy artillery. First, moments ago, the US DOE announced in a shocking announcement that it would proceed with the first draw down and sale of crude from the US strategic petroleum reserve, the first since June 2011, in what it said was a "test sale to check the operational capabilities of system infrastructure", but is really just a shot across the bow at Putin for whom high commodity prices are orders of magnitude more important than how the Russian stock market performs. And now, as Bloomberg just reported, the US has escalated even further, citing the Chairman of the Joint Chiefs of Staff, General Martin Dempsey, who "has claimed that in the case of an escalation of unrest in Crimea, the U.S. Army is ready to back up Ukraine and its allies in Europe with military actions."

So much for those peaceful hour long phone calls between Obama and Putin. From Bloomberg: According to the Web site of the Atlantic Council, Dempsey said that "he's been talking to his military counterparts in Russia, but he's also sending a clear message to Ukraine and members of NATO that the U.S. military will respond militarily if necessary."   "We're trying to tell [Russia] not to escalate this thing further into Eastern Ukraine, and allow the conditions to be set for some kind of resolution in Crimea. We do have treaty obligations with our NATO allies. And I have assured them that if that treaty obligation is triggered [in Europe], we would respond," Dempsey said.   According to the General, the incursion of Russian troops into the Crimea creates risks for all the countries of Europe and NATO allies.   "If Russia is allowed to do this, which is to say move into a sovereign country under the guise of protecting ethnic Russians in Ukraine, it exposes Eastern Europe to some significant risk, because there are ethnic enclaves all over Eastern Europe and the Balkans," Dempsey said. And with that, the USDJPY ramp takes the pair to overnight highs, and futures are set to go green. BTFWWIIID! More seriously, the real question is how Putin will react to this quantum escalation in verbal hostilities: wild guess here, but somehow we doubt he will pick up and leave.

While Europe is furiously scrambling to find alternative sources of energy should Gazprom pull the plug on natgas exports to Germany and Europe (the imminent surge in Ukraine gas prices by 40% is probably the best indication of what the outcome would be), Russia is preparing the announcement of the "Holy Grail" energy deal with none other than China, a move which would send geopolitical shockwaves around the world and bind the two nations in a commodity-backed axis. One which, as some especially on these pages, have suggested would lay the groundwork for a new joint, commodity-backed reserve currency that bypasses the dollar, something which Russia implied moments ago when its finance minister Siluanov said that Russia may refrain from foreign borrowing this year. Translated: bypass western purchases of Russian debt, funded by Chinese purchases of US Treasurys, and go straight to the source. Here is what will likely happen next, as explained by Reuters:

Igor Sechin gathered media in Tokyo the next day to warn Western governments that more sanctions over Moscow's seizure of the Black Sea peninsula from Ukraine would be counter-productive.   The underlying message from the head of Russia's biggest oil company, Rosneft, was clear: If Europe and the United States isolate Russia, Moscow will look East for new business, energy deals, military contracts and political alliances.    The Holy Grail for Moscow is a natural gas supply deal with China that is apparently now close after years of negotiations. If it can be signed when Putin visits China in May, he will be able to hold it up to show that global power has shifted eastwards and he does not need the West. More details on the revelation of said "Holy Grail": State-owned Russian gas firm Gazprom hopes to pump 38 billion cubic meters (bcm) of natural gas per year to China from 2018 via the first pipeline between the world's largest producer of conventional gas to the largest consumer.   "May is in our plans," a Gazprom spokesman said, when asked about the timing of an agreement. A company source said: "It would be logical to expect the deal during Putin's visit to China."

Summarizing what should be and is painfully obvious to all, but apparently to the White House, which keeps prodding at Russia, is the following: "The worse Russia's relations are with the West, the closer Russia will want to be to China. If China supports you, no one can say you're isolated," said Vasily Kashin, a China expert at the Analysis of Strategies and Technologies (CAST) think thank. Bingo. And now add bilateral trade denominated in either Rubles or Renminbi (or gold), add Iran, Iraq, India, and soon the Saudis (China's largest foreign source of crude, whose crown prince also happened to meet president Xi Jinping last week to expand trade further) and wave goodbye to the petrodollar.

Mere days ahead of Crimea's referendum to join Russia (or not) and following reports of shots fired between Russian and Ukrainian forces, the Ukraine Defense Ministry reports (via Facebook): *UKRAINE LIEUTENANT COLONEL DEFECTS TO RUSSIAN FORCES: MINISTRY *UKRAINE OFFICER IN CHARGE OF CRIMEA UNIT DEFECTS: UKR MINISTRY *OFFICER CONVINCES 'SEVERAL' SOLDIERS TO DEFECT: DEF MINISTRY Lt. Colonel Sadovnyk is the officer reported as 'kidnapped' yesterday in Bakhchisarai. It would appear Crimea is annexing itself as this comes just one week after the head of Ukraine's Navy defected. Via UKRInform, The commander of a Ukrainian military unit, Lieutenant Colonel Volodymyr Sadovnyk, was kidnapped in Bakhchisarai on Sunday.   This was stated by the chief of staff of the military unit, Lieutenant Colonel Serhiy Hunder, according to Ukrainian media.   "It happened in Bakhchisarai, Sadovnyk returned from lunch...   As of Monday morning, he contacted his wife between 07.00 and 08.00. He said that everything was fine with him, but he was kept in an unknown location. No demands were put forward," Hunder said, adding that the military are doing their best to search for the commander.

Via Bloomberg, Ukrainian Lt. Colonel Volodymyr Sadovnyk, who was missing earlier today, comes back to his motorized battalion in Crimea’s town of Bakhchisaray to announce he’s defected, Ukrainian Defense Ministry spokesman for Crimea Vladislav Seleznev says.   Seleznev comments on Facebook   Defecting officer Sadovnyk was accompanied by armed men from self-proclaimed Crimean self defense, who fired shot in air and stormed battalion: statement   Sadovnyk asks those who don’t want to defect to leave battalion; Russian flag was raised: statement

When the payroll report was released last month, the world finally noticed what we had been saying for nearly three years: that the US was slowly being converted to a part-time worker society. This slow conversion accelerated drastically in the last few months, and especially in June, when part time jobs exploded higher by 360K while full time jobs dropped by 240K. In July we are sad to report that America's conversation to a part-time worker society is not "tapering": according to the Household Survey, of the 266K jobs created (note this number differs from the establishment survey), only 35% of jobs, or 92K, were full time. The rest were... not.

We assume it is a coincidence that on the day in which we demonstrate China's relentless appetite for gold, driven by what we and many others believe is the country's desire to have a call option on a gold-backed reserve currency when the time comes, just posted in China's official press agency, Xinhua, is an op-ed by writer Liu Chang in which he decries the "US fiscal failure which warrants a de-Americanized world" and flatly states that the world should consider a new reserve currency "that is to be created to replace the dominant U.S. dollar, so that the international community could permanently stay away from the spillover of the intensifying domestic political turmoil in the United States." Of course, if China were serious, and if the world were to voluntarily engage in such a (r)evolutionary reserve currency transition, then all Magic Money Tree theories that the only thing better than near infinite debt is beyond infinite debt, would promptly be relegated to the historic dust heap of idiotic theories where they belong. Some of China's (which as a reminder is the single largest offshore holder of US Treasury paper, and the second largest of all only second naturally to the Federal Reserve whose $85 billion in monthly monetizing "flow" is what is keeping rates from exploding higher) thoughts as captured in the Xinhua Op-ed:

Reform of the world’s financial system should include the introduction of a new internatonal reserve currency to replace the U.S. dollar The international community could thus permanently stay away from the spillover of intensifying domestic political turmoil in the U.S. Fiscal impasse in the U.S. is a good time for “befuddled world” to start considering building a “de-Americanized world” Impasse has left many nations’ dollar assets in jeopardy and the international community agonized Other cornerstones should be laid to underpin a de-Americanized world, including respect for sovereignty, recognizing authority of UN in handling global hotspot issues and giving developing and emerging market economies more say in major international financial institutions Purpose of such changes is not to “completely toss the United States aside,” rather to encourage Washington to play a much more constructive role in addressing global affairs Of course, if and when the day comes that the USD is no longer the reserve currency, kiss America's superpower, or any power, status, which is now based purely on the USD's reserve currency status, and the ability to fund half the US budget deficit with debt promptly monetized by the Fed, goodbye.

The Obama regime has issued simultaneous threats to the enemy it is making out of Russia and to its European NATO allies on which Washington is relying to support sanctions on Russia. This cannot end well. As even Americans living in a controlled media environment are aware, Europeans, South Americans, and Chinese are infuriated that the National Stasi Agency is spying on their communications. NSA’s affront to legality, the US Constitution, and international diplomatic norms is unprecedented. Yet, the spying continues, while Congress sits sucking its thumb and betraying its oath to defend the Constitution of the United States. In Washington mumbo-jumbo from the executive branch about “national security” suffices to negate statutory law and Constitutional requirements. Western Europe, seeing that the White House, Congress and the Federal Courts are impotent and unable to rein-in the Stasi Police State, has decided to create a European communication system that excludes US companies in order to protect the privacy of European citizens and government communications from the Washington Stasi.

The Obama regime, desperate that no individual and no country escape its spy net, denounced Western Europe’s intention to protect the privacy of its communications as “a violation of trade laws.” Obama’s US Trade Representative, who has been negotiating secret “trade agreements” in Europe and Asia that give US corporations immunity to the laws of all countries that sign the agreements, has threatened WTO penalties if Europe’s communications network excludes the US companies that serve as spies for NSA. Washington in all its arrogance has told its most necessary allies that if you don’t let us spy on you, we will use WTO to penalize you. So there you have it. The rest of the world now has the best possible reason to exit the WTO and to avoid the Trans-Pacific and Trans-Atlantic “trade agreements.” The agreements are not about trade. The purpose of these “trade agreements” is to establish the hegemony of Washington and US corporations over other countries. In an arrogant demonstration of Washington’s power over Europe, the US Trade Representative warned Washington’s NATO allies: “US Trade Representative will be carefully monitoring the development of any such proposals” to create a separate European communication network. http://rt.com/news/us-europe-nsa-snowden-549/ Washington is relying on the Chancellor of Germany, the President of France, and the Prime Minister of the UK to place service to Washington above their countries’ communications privacy.

It has dawned on the Russian government that being a part of the American dollar system means that Russia is open to being looted by Western banks and corporations or by individuals financed by them, that the ruble is vulnerable to being driven down by speculators in the foreign exchange market and by capital outflows, and that dependence on the American international payments system exposes Russia to arbitrary sanctions imposed by the “exceptional and indispensable country.” Why it took the Russian government so long to realize that the dollar payments system puts countries under Washington’s thumb is puzzling.

As we have discussed numerous times, nothing lasts forever - especially reserve currencies - no matter how much one hopes that the status-quo remains so, in the end the exuberant previlege is extorted just one too many times. Headline after headlines shows nations declaring 'interest' or direct discussions in diversifying away from the US dollar... and as SCMP reports, Standard Chartered notes that at least 40 central banks have invested in the Yuan and several more are preparing to do so. The trend is occurring across both emerging markets and developed nation central banks diversifiying into 'other currencies' and "a great number of central banks are in the process of adding yuan to their portfolios." Perhaps most ominously, for king dollar, is the former-IMF manager's warning that "The Yuan may become a de facto reserve currency before it is fully convertible." The infamous chart that shows nothing lasts forever...

a few hours ago that joke of a rating agency, Standard & Poor's, which also earlier announced it was "affirming" France at an AA rating making it very clear it will no longer accept being sued for telling the truth and downgrading sovereigns or otherwise have its offices abroad raided, not only upgraded Cyprus from B- to B (please deposits your funds in Cyprus banks now: they are safe, S&P promises), but - far more importantly - delivered a political message to the Kremlin, and downgraded Russia from BBB to BBB-, one short notch away from junk status. This was the first downgrade of Russia by S&P since December 2008.

Russia's response was prompt. First, in retaliation to the downgrade, Russian economy minister Alexei Ulyukaev said S&P’s downgrade of Russia’s rating was expected by investors, won’t significantly change their behavior, adding the obvious that the decision to cut Russia’s rating was partly political, partly based on economic situation. In other words, entirely symbolic - it is not as if Russia has access to bond markets anyway, plus as we wrote earlier this week in "Why Putin Is Smiling At The Bond Market's Blockade Of Russia", it is not as if it needs them. But far more importantly, and ahead of yet another round of western sanctions which appears imminent unless Obama is to look even more powerless than he currently is (granted, a difficult achievement), Russian presidential adviser Sergei Glazyev proposed plan of 15 measures to protect country’s economy if sanctions applied, Vedomosti newspaper reports, citing Glazyev’s letter to Finance Ministry. According to Vedomosti as Bloomberg reported, Glazyev proposed:

Russia should withdraw all assets, accounts in dollars, euros from NATO countries to neutral ones Russia should start selling NATO member sovereign bonds before Russia’s foreign-currency accounts are frozen Central bank should reduce dollar assets, sell sovereign bonds of countries that support sanctions Russia should limit commercial banks’ FX assets to prevent speculation on ruble, capital outflows Central bank should increase money supply so that state cos., banks may refinance foreign loans Russia should use national currencies in trade with customs Union members, other non-dollar, non-euro partners In other words, a full-blown scorched earth campaign by Russia.

It has been a while since both Ukraine, and the ongoing Russian response to western sanctions (which set off the great Eurasian axis in motion, pushing China and Russia close together, and accelerating the "Holy Grail" gas deal between the two countries) have made headlines. It is still not clear just why the western media dropped Ukraine coverage like a hot potato, especially since the civil war in Ukraine's Donbas continues to rage and claim dozens of casualties on both sides. Perhaps the audience has simply gotten tired of hearing about mixed chess/checkers game between Putin vs Obama, and instead has reverted to reading the propaganda surrounding just as deadly events in the third war of Iraq in as many decades. However, "out of sight" may be just what Russia's political elite wants. In fact, as VoR's  Valentin Mândr??escu reports, while the great US spin and distraction machine is focused elsewhere, Russia is already preparing for the next steps. Which brings us to Putin advisor Sergey Glazyev, the same person who in early March was the first to suggest Russia dump US bonds and abandon the dollar in retaliation to US sanctions, a strategy which worked because even as the Kremlin has retained control over Crimea, western sanctions have magically halted (and not only that, but as the Russian central bank just reported, the country's 2014 current account surplus may be as high as $35 billion, up from $33 billion in 2013, and a far cry from some fabricated "$200+ billion" in Russian capital outflows which Mario Draghi was warning about recently). Glazyev was also the person instrumental in pushing the Kremlin to approach China and force the nat gas deal with Beijing which took place not necessarily at the most beneficial terms for Russia.

It is this same Glazyev who published an article in Russian Argumenty Nedeli, in which he outlined a plan for "undermining the economic strength of the US" in order to force Washington to stop the civil war in Ukraine. Glazyev believes that the only way of making the US give up its plans on starting a new cold war is to crash the dollar system. As summarized by VoR, in his article, published by Argumenty Nedeli, Putin's economic aide and the mastermind behind the Eurasian Economic Union, argues that Washington is trying to provoke a Russian military intervention in Ukraine, using the junta in Kiev as bait. If fulfilled, the plan will give Washington a number of important benefits. Firstly, it will allow the US to introduce new sanctions against Russia, writing off Moscow's portfolio of US Treasury bills. More important is that a new wave of sanctions will create a situation in which Russian companies won't be able to service their debts to European banks. According to Glazyev, the so-called "third phase" of sanctions against Russia will be a tremendous cost for the European Union. The total estimated losses will be higher than 1 trillion euros. Such losses will severely hurt the European economy, making the US the sole "safe haven" in the world. Harsh sanctions against Russia will also displace Gazprom from the European energy market, leaving it wide open for the much more expensive LNG from the US.

Co-opting European countries in a new arms race and military operations against Russia will increase American political influence in Europe and will help the US force the European Union to accept the American version of the Transatlantic Trade and Investment Partnership, a trade agreement that will basically transform the EU into a big economic colony of the US. Glazyev believes that igniting a new war in Europe will only bring benefits for America and only problems for the European Union. Washington has repeatedly used global and regional wars for the benefit of  the American economy and now the White House is trying to use the civil war in Ukraine as a pretext to repeat the old trick. Glazyev's set of countermeasures specifically targets the core strength of the US war machine, i.e. the Fed's printing press. Putin's advisor proposes the creation of a "broad anti-dollar alliance" of countries willing and able to drop the dollar from their international trade. Members of the alliance would also refrain from keeping the currency reserves in dollar-denominated instruments. Glazyev advocates treating positions in dollar-denominated instruments like holdings of junk securities and believes that regulators should require full collateralization of such holdings. An anti-dollar coalition would be the first step for the creation of an anti-war coalition that can help stop the US' aggression.

With 2 Russian TV journalists killed in recent days and on the heels of Russia's cutting off Ukraine's gas supply for non-payment, Interfax is reporting that: *EXPLOSION ON UKRAINE GAS TRANSIT PIPELINE REPORTED: IFX *INTERFAX CITES UKRAINE INTERIOR MINISTRY ON GAS PIPELINE BLAST Witnesses say flames are reaching 200 metres high. Gazprom shares are tumbling on the news (as should European stocks) and Russia's Foreign Affairs Committee Chief Aleksei Pushkov warned relations between Ukraine and Russia have entered a new stage and are "moving closer towards a serious conflict."

As RT reports, An explosion has struck a pipeline in the eastern Ukrainian Poltava region. Witnesses say flames from the blast are up to 200 meter high, RIA Novosti reports. The “Brotherhood” natural gas pipeline (Urengoy-Pomary-Uzhgorod) is about one kilometer away from the nearest settlement. No injuries have been reported from the blast. Fire fighting crews have been deployed to the scene. Operating since 1967, the “Brotherhood” is the largest consumer gas pipeline in Europe, clocking in at 4,451 km. It cuts through Ukraine and runs into Slovakia, where it diverges in two directions; with one part supplying gas to the Czech Republic, Germany, France and Switzerland, and the other to Austria, Italy, Hungary and several countries in the Balkans. Pipeline faucets are being tuned off as fire fighters still can’t put out the flame.

As Bloomberg reports, Relations between Russia and Ukraine have entered a new stage and are "moving closer towards a serious conflict", said State Duma Foreign Affairs Committee chief Aleksei Pushkov.   Russia did not recognise unilateral border demarcation by Ukraine which was "contrary to all norms of international law", Russia's ITAR-TASS news agency quoted Pushkov as saying Tuesday.   "An attack on the Russian embassy, an attempted attack on the consulate-general in Odessa, insults to the Russian president, regular arrests of Russian journalists -- I think this is a deliberate decision co-ordinated with the U.S -- all these are links of one chain," he said. We are sure the explosion/fire on the pipeline will further this sentiment.

Following the initial de-dollarization meeting, there has been a slew of anti-dollar moves around the world (including Gazprom's shift of 90% of its clients to non-dollar payments). However, on the heels of the "anti-dollar alliance" discussions yesterday, DW reports that China would start direct trade between the renminbi and the British pound on Thursday. China's Foreign Exchange Trade System (CFETS) confirmed Sterling and yuan would be directly swapped without using the US dollar as an intermediary.   Via DW, China's Foreign Exchange Trade System (CFETS) said Wednesday the Asian nation would start direct trade between the renminbi and the British pound on Thursday.   Sterling and yuan would be directly swapped without using the US dollar as an intermediary, the trade platform noted.   "The move will promote the bilateral trade and investment between China and the United Kingdom and facilitate the use of renminbi and pound in the cross-border trade settlement," CFETS commented.

"Two to three years is enough, not only to launch [settlements in rubles], but also to complete these mechanisms," says Andrey Kostin, head of Russia’s second-biggest bank VTB, noting that the possibility of the US and EU widening sanctions to exclude Russia from the SWIFT global money transfer system would become “a point of no return” making any further dialog impossible. However, as Deputy Prime Minister Dmitri Rogozin explains in this interview, how Russia's military and industrial complex is responding to a growing threat from America. Russia is not responding with any talk about the nuclear button (at least not yet); but they are preparing for such an eventuality: "we are creating a nuclear submarine fleet... capable of reaching any country on any continent, if [USA] suddenly becomes the aggressor, and our top-most national interests come under threat," adding that Obama's coup has ushered in "the complete demise of the Ukrainian State."

As RT reports, ?two to three years would be enough time for Russia to switch to international settlements to the ruble, Andrey Kostin, head of Russia’s second-biggest bank VTB, said... The media has reported on the possibility of the US and EU widening sanctions to exclude Russia from the SWIFT global money transfer system.   Kostin said the move would become “a point of no return” and that any further dialogue would be impossible if SWIFT was cut off.