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Paul Merrell

Venezuela's Maduro to Present Evidence of US Economic Sabotage as Gold Tumbles | venezu... - 0 views

venezuelanalysis.com/11470

war & peace economic-warfare Venezuela Latin-Amerrica U.S.-foreign-policy

shared by Paul Merrell on 12 Aug 15 - No Cached
  • Venezuelan President Nicolas Maduro pledged yesterday evening to share evidence in the coming days of the United States’ “Plan Vulture”, which he claims is currently destabilizing leftist Latin American governments through economic sabotage. “I have proof of how the [US] Southern Command, personally, has placed functionaries in the US embassy in Venezuela to direct the Vulture Plan,” Maduro said during a council meeting of the ALBA trade bloc.The Venezuelan leader called upon the thirteen Latin American and Caribbean countries represented in the ALBA bloc to “unite to defend themselves” against the plan, which “tries to destroy…progressive, revolutionary processes from the inside” by “creating criminal groups and attacking national currencies.”The accusation echoed similar claims made by Argentine President Christina Fernandez last month.
Gary Edwards

Obama's Bait and Switch: Karl Rove describes how Obama's Policies Break His Campaign P... - 0 views

online.wsj.com/...SB123621161271234665.html

financial-crisis karl-rove obama-socialism obamanomics banksters

shared by Gary Edwards on 06 Mar 09 - Cached
  • For example, Mr. Obama didn't run promising larger deficits -- but now is offering record-setting ones. He'll add $4.9 trillion before his term ends and $7.4 trillion if given a second, doubling the national debt in five years and tripling it in 10.
    • Gary Edwards
      Gary Edwards on 06 Mar 09
       
      Obama railed against the Bush deficits, accusing Bush of irresponsible stewardship. Obama promised fiscal responsibility.
  • Mr. Obama cannot dismiss critics by pointing to President George W. Bush's decision to run $2.9 trillion in deficits while fighting two wars and dealing with 9/11 and Katrina. Mr. Obama will surpass Mr. Bush's eight-year total in his first 20 months and 11 days in office, adding $3.2 trillion to the national debt. If America "cannot and will not sustain" deficits like Mr. Bush's, as Mr. Obama said during the campaign, how can Mr. Obama sustain the geometrically larger ones he's flogging?
  • Mr. Obama pledged "no tax hikes on any families earning less than a quarter million dollars." What he didn't draw attention to was $600 billion in higher energy taxes he wants to impose through a cap-and-trade system on carbon emissions. These taxes will hit everyone who drives, flips a light switch, or buys anything manufactured, grown or shipped.
  • Gary Edwards on 06 Mar 09
     
    Barack Obama won the presidency in large measure because he presented himself as a demarcation point. The old politics, he said, was based on "spin," misleading arguments, and an absence of candor. He'd "turn the page" on that style of politics. Last week's presentation of his budget shows that hope was a mirage.
Gary Edwards

Who Gave Warren Buffett The Authority To Discuss Billionaire Guilt? - 1 views

www.businessinsider.com/scuss-billionaire-guilt-2011-8

Banksters Buffett-phony

shared by Gary Edwards on 16 Aug 11 - No Cached
  • Stop coddling the super-rich he says.
    • Gary Edwards
      Gary Edwards on 16 Aug 11
       
      Disclosure here:  I actually met Buffett back in the 70's while workign at the Millyard Restaurant in Manchester NH.  Buffett purchased the old Amoskeag Mills "Berkshire Hathaway" shirt manufacturing building just across the Merrimack River.  Nice guy, very friendly, polite and considerate.  Of course, that was years before he made it big investing in the worldwide, McDonald's led USA franchise explosion of the late 80"s.  For sure he made a great call predicting that President Reagan would succeed in ending the Cold War, collapsing the walls, and unleashing the capitalist forces of both free and merchantilist trade.  And that the USA Franchise system was extremely well prepared to launch worldwide as soon as the barriers fell.  He made billions off this call.  Knowing Paul Volker does pay off.
  • Gary Edwards on 16 Aug 11
     
    What is it with billionaires these days? Buffett suggesting we need to tax him more? Stop coddling the super-rich he says.  In other words, he's saying "I've done such a fine job with my money, now I want to give more to a government that hasn't."  Mr. Buffett, has someone changed your suppositions? It seems counter intuitive to your "invest in great management" philosophy.  Shouldn't you really be telling the government to cut costs? Just like you demanded of your Netjets, Clayton Homes, and Helzberg Diamond Shops executives.
Paul Merrell

NY court restores Saudi Arabia in Sept. 11 lawsuit - Yahoo News - 0 views

news.yahoo.com/sept-11-lawsuit-003353192.html

war & peace 9-11 Saudis litigation

shared by Paul Merrell on 21 Dec 13 - No Cached
  • (AP) — A federal appeals court on Thursday reinstated Saudi Arabia as a defendant in lawsuits claiming it provided support to al-Qaida before the Sept. 11, 2001, terror attacks. A three-judge panel of the 2nd U.S. Circuit Court of Appeals said restoring Saudi Arabia was necessary to be consistent with a ruling by a different 2nd Circuit panel that allowed another lawsuit to go forward in which a man sued Afghanistan and other defendants for the death of his wife in the Sept. 11 attacks.The 2nd Circuit and a lower court had previously ruled that Saudi Arabia was protected by sovereign immunity, which generally means that foreign countries can't be sued in American courts. But in its latest ruling, the 2nd Circuit said a legal exception existed that would allow Saudi Arabia to remain as a defendant, just as Afghanistan remained in the similar case."The procedural history of this case produced inconsistent results between two sets of plaintiffs suing for damages based on the same incident," the appeals court said in a decision written by Circuit Judge Chester J. Straub. "We conclude that the circumstances here are 'extraordinary' and warrant relief."
  • The lawsuits were brought in 2002 and afterward against countries, companies and organizations accused of aiding al-Qaida and other terrorist groups. They sought billions of dollars in damages.In the lawsuits, lawyers argued that the Sept. 11 attacks, which destroyed the World Trade Center and killed thousands of people, had been planned for years by a network of Islamic militants with the assistance of banks, governments and individuals.Lawyers in the Sept. 11 cases have frequently cited the report by the Sept. 11 Commission. Lawyers for the plaintiffs have said the commission supported their argument that Saudi Arabia had long been considered the primary source of al-Qaida funding, while lawyers for Saudi Arabia have argued that the commission found no evidence that the Saudi government as an institution or senior Saudi officials individually funded al-Qaida.
Paul Merrell

Profiting from Your Thirst as Global Elite Rush to Control Water Worldwide :: The Marke... - 0 views

www.marketoracle.co.uk/article38167.html

banksters water water-rush privatization

shared by Paul Merrell on 23 May 14 - No Cached
  • A disturbing trend in the water sector is accelerating worldwide. The new “water barons” --- the Wall Street banks and elitist multibillionaires --- are buying up water all over the world at unprecedented pace. Familiar mega-banks and investing powerhouses such as Goldman Sachs, JP Morgan Chase, Citigroup, UBS, Deutsche Bank, Credit Suisse, Macquarie Bank, Barclays Bank, the Blackstone Group, Allianz, and HSBC Bank, among others, are consolidating their control over water. Wealthy tycoons such as T. Boone Pickens, former President George H.W. Bush and his family, Hong Kong’s Li Ka-shing, Philippines’ Manuel V. Pangilinan and other Filipino billionaires, and others are also buying thousands of acres of land with aquifers, lakes, water rights, water utilities, and shares in water engineering and technology companies all over the world. The second disturbing trend is that while the new water barons are buying up water all over the world, governments are moving fast to limit citizens’ ability to become water self-sufficient (as evidenced by the well-publicized Gary Harrington’s case in Oregon, in which the state criminalized the collection of rainwater in three ponds located on his private land, by convicting him on nine counts and sentencing him for 30 days in jail). Let’s put this criminalization in perspective:
  • Billionaire T. Boone Pickens owned more water rights than any other individuals in America, with rights over enough of the Ogallala Aquifer to drain approximately 200,000 acre-feet (or 65 billion gallons of water) a year. But ordinary citizen Gary Harrington cannot collect rainwater runoff on 170 acres of his private land. It’s a strange New World Order in which multibillionaires and elitist banks can own aquifers and lakes, but ordinary citizens cannot even collect rainwater and snow runoff in their own backyards and private lands.
  • In 2008, Goldman Sachs called water “the petroleum for the next century” and those investors who know how to play the infrastructure boom will reap huge rewards, during its annual “Top Five Risks” conference. Water is a U.S.$425 billion industry, and a calamitous water shortage could be a more serious threat to humanity in the 21st century than food and energy shortages, according to Goldman Sachs’s conference panel. Goldman Sachs has convened numerous conferences and also published lengthy, insightful analyses of water and other critical sectors (food, energy). Goldman Sachs is positioning itself to gobble up water utilities, water engineering companies, and water resources worldwide. Since 2006, Goldman Sachs has become one of the largest infrastructure investment fund managers and has amassed a $10 billion capital for infrastructure, including water.
  • ...7 more annotations...
  • Citigroup’s top economist Willem Buitler said in 2011 that the water market will soon be hotter the oil market (for example, see this and this): “Water as an asset class will, in my view, become eventually the single most important physical-commodity based asset class, dwarfing oil, copper, agricultural commodities and precious metals.” In its recent 2012 Water Investment Conference, Citigroup has identified top 10 trends in the water sector, as follows:
  • Specifically, a lucrative opportunity in water is in hydraulic fracturing (or fracking), as it generates massive demand for water and water services. Each oil well developed requires 3 to 5 million gallons of water, and 80% of this water cannot be reused because it’s three to 10 times saltier than seawater. Citigroup recommends water-rights owners sell water to fracking companies instead of to farmers because water for fracking can be sold for as much as $3,000 per acre-foot instead of only $50 per acre/foot to farmers.
  • One of the world’s largest banks, JPMorgan Chase has aggressively pursued water and infrastructure worldwide. In October 2007, it beat out rivals Morgan Stanley and Goldman Sachs to buy U.K.’s water utility Southern Water with partners Swiss-based UBS and Australia’s Challenger Infrastructure Fund. This banking empire is controlled by the Rockefeller family; the family patriarch David Rockefeller is a member of the elite and secretive Bilderberg Group, Council on Foreign Relations, and Trilateral Commission.
  • Barclays PLC is a U.K.-based major global financial services provider operating in all over the world with roots in London since 1690; it operates through its subsidiary Barclays Bank PLC and its investment bank called Barclays Capital. Barclays Bank’s unit Barclays Global Investors manages an exchange-traded fund (ETF) called iShares S&P Global Water, which is listed on the London Stock Exchanges and can be purchased like any ordinary share through a broker. Touting the iShares S&P Global Water as offering “a broad based exposure to shares of the world’s largest water companies, including water utilities and water equipment stocks” of water companies around the world, this fund as of March 31, 2007 was valued at U.S.$33.8 million.
  • Deutsche Bank is one of the major players in the water sector worldwide. Its Deutsche Bank Advisors have identified water as a part of the climate investment strategies. In its presentation, “Global Warming: Implications for Investors,” they have identified the four following major areas for water investment: § Distribution and management: (1) Supply and recycling, (2) water distribution and sewage, (3) water management and engineering. § Water purification: (1) Sewage purification, (2) disinfection, (3) desalination, (4) monitoring. § Water efficiency (demand): (1) Home installation, (2) gray-water recycling, (3) water meters. § Water and nutrition: (1) Irrigation, (2) bottled water.
  • Moreover, Deutsche Bank has channeled €6 billion (U.S.$8.55 billion) into climate change funds, which will target companies with products that cut greenhouse gases or help people adapt to a warmer world, in sectors from agriculture to power and construction (Reuters, October 18, 2007). In addition to SCM, Deutsche Bank also has the RREEF Infrastructure, part of RREEF Alternative Investments, headquartered in New York with main hubs in Sydney, Singapore, and London. RREEF Infrastructure has more than €6.7 billion in assets under management. One of its main targets is utilities, including electricity networks, water-treatment or distribution operations, and natural-gas networks. In October 2007, RREEF partnered with Goldman Sachs, GE, Prudential, and Babcok & Brown Ltd. to bid unsuccessfully for U.K.’s water utility Southern Water. § Crediting the boom in European infrastructure investment, the RREEF fund by August 2007 had raised €2 billion (U.S.$2.8 billion); Europe’s infrastructure market is valued at between U.S.$4 trillion to U.S.$6 trillion (DowJones Financial News Online, August 7, 2007). § Bulgaria --- Deutsche Bank Bulgaria is planning to participate in large infrastructure projects, including public-private partnership projects in water and sewage worth up to €1 billion (Sofia Echo Media, February 26, 2008). § Middle East --- Along with Ithmaar Bank B.S.C. (an private-equity investment bank in Bahrain), Deutsche Bank co-managed a U.S.$2 billion Shari'a-compliant Infrastructure and Growth Capital Fund and plans to target U.S.$630 billion in regional infrastructure.
  • In my 2008 article, I overlooked the astonishingly large land purchases (298,840 acres, to be exact) by the Bush family in 2005 and 2006. In 2006, while on a trip to Paraguay for the United Nation’s children’s group UNICEF, Jenna Bush (daughter of former President George W. Bush and granddaughter of former President George H.W. Bush) reportedly bought 98,840 acres of land in Chaco, Paraguay, near the Triple Frontier (Bolivia, Brazil, and Paraguay). This land is said to be near the 200,000 acres purchased by her grandfather, George H.W. Bush, in 2005. The lands purchased by the Bush family sit over not only South America’s largest aquifer --- but the world’s as well --- Acuifero Guaraní, which runs beneath Argentina, Brazil, Paraguay, and Uruguay. This aquifer is larger than Texas and California combined. Online political magazine Counterpunch quoted Argentinean pacifist Adolfo Perez Esquivel, the winner of 1981 Nobel Peace Prize, who “warned that the real war will be fought not for oil, but for water, and recalled that Acuifero Guaraní is one of the largest underground water reserves in South America….”
  • Paul Merrell on 23 May 14
     
     Like the land rush for Arctic lands soon to be bared of ice by global warming, banksters are also moving to capitalize on looming water shortages, aided by IMF privatization loan conditions the the dwindling of potable water supplies globally via pollution, deforestation, and aquifer depletion. All trace to the common problem over human overpopulation of the planet.  
Paul Merrell

Wanted! Obama » CounterPunch: Tells the Facts, Names the Names - 0 views

www.counterpunch.org/...cyberwarfare-in-high-gear

surveillance state Obama China U.S.-foreign-policy cyberwar

shared by Paul Merrell on 23 May 14 - No Cached
  • It is as though Edward Snowden’s disclosures had never been made, or the US practices in themselves perpetrated. Yet AG Holder with all the majesty of office declares China engaged in criminal economic espionage against America, even DOJ issuing “wanted” posters, pictures and names, of five army officers to stand trial in Pennsylvania for cyberattacks on US corporations and the Steelworkers’ Union. More like it would be, the International Criminal Court issuing an Obama “wanted” poster for war crimes that include intervention, regime change, and assassination, and the World Trade Organization (if it were not dominated already by the US) for the exact kind of espionage Holder charges against China. If we are to be symmetrical, how about a Beijing court issuing subpoenas, accompanied by “wanted” posters for five members of OTNS (Obama Team National Security), say, Clapper, Rice, Comey, Brennan, and Dempsey? The chance of US honoring the request for the extradition of its five, is about as slim as China honoring the request for extraditing, though at a lower functional level in policy making and execution, its five—perhaps selected at random, unless the US has hacked into the computers of, or placed informants in (or both)–the People’s Liberation Army (PLA Unit61398).
  • Paul Merrell on 23 May 14
     
    Interesting essay on the foolishness of the Obama Administrations criminal charges against five Chinese generals for cyber-espionage. 
Paul Merrell

Kuwait boycotts international companies working with Israel in the occupied territories - 0 views

www.middleeastmonitor.com/...el-in-the-occupied-territories

war & peace Israel BSD Kuwait Palestine

shared by Paul Merrell on 01 Nov 14 - No Cached
  • The Palestinian Ministry of Trade and Industry has opened a legal investigation to determine which companies deal with Israel in the occupied territories at the request of the Ministry of Foreign Affairs after it had been informed by the Organisation of Islamic Cooperation that the British-based multinational security services company G4S, which works for Israel in the occupied Palestinian territories, is suspected to have branches in Kuwait, Al-Quds newspaper reported on Tuesday. Meanwhile, sources told the newspaper that Kuwait's Ministry of Commerce has asked the relevant departments to check if G4S has a license to operate in Kuwait and to immediately notify it to stop dealing with Israel in the occupied Palestinian territories, or else the company's license will be cancelled and it will be prevented it from operating in Kuwait. Sources also noted that Kuwait's law number 21 of the year 46 states that Israeli products must be boycotted and prohibits dealing with Israeli companies, stipulating that any company that violates this law or deals with a banned entity will be punished.
  • The Kuwaiti Ministry of Commerce has recently ended its cooperation with 50 European companies because of their activities in the settlements built on the occupied territories of 1967. This decision reflects the official position of the specialised committees in the Organisation of Islamic Cooperation and the Arab League, in response to the important popular and parliamentary pressures that have been pushing in this direction for four years in coordination with the National Boycott Committee. Recently, the opportunities for having similar positions in different parts of the Arab world have been increasing, which will strongly encourage the economic boycott of these companies on the global level. Al-Quds reported that the Municipality of Kuwait decided earlier to exclude French company Veolia from a huge contract for solid waste treatment, valued at $750 million, because of its involvement in Israeli projects contrary to international law. It is also "excluding Veolia from any future projects," following an appeal from the National Boycott Committee.
  • The committee appealed to the government and the National Assembly in Kuwait to exclude Veolia because "of its involvement in a number of Israeli projects including the infamous project 'Jerusalem tram', which connects the illegal settlements in Jerusalem, an act that is considered a flagrant violation of international law and Palestinian human rights. The Arab summit conference, which was held in Khartoum in 2006, condemned the project as part of Israel's colonial scheme in Jerusalem, and called for taking punitive measures against the two French companies involved in the project: Veolia and Alstom."
  • Paul Merrell on 01 Nov 14
     
    That's a real bump for the Palestine Boycott, Divestment, and Sanctions movement. Look out if the other member states of the Arab League follow suit. 
Paul Merrell

Finian Cunningham - Brussels Sabotages EU Energy with South Stream Politicking - Strate... - 0 views

www.strategic-culture.org/...-south-stream-politicking.html

war & peace U.S.-foreign-policy Russia South-Stream pipelinestan

shared by Paul Merrell on 06 Dec 14 - No Cached
  • The European Union’s ruling elite just hammered another nail into its creaky coffin this week with the critical loss of the South Stream gas project. Russian President Vladimir Putin may have been the one to formally pull the plug on the project while on an official visit to Turkey, but most observers can see that it is EU politicking that lay behind the collapse. Putin said that continual obstruction to the South Stream project from Brussels had made it unviable. Putin said that Russia would henceforth be applying its energy resources elsewhere and unveiled a new pipeline route to Turkey from the Black Sea. It was reminiscent of how Russia has directed new energy trade with China and Asia over the past year partly as a result of Western unilateral sanctions and obstinacy. And who could fault for Russia for that?
  • the contradictions betray an ulterior agenda. The EU’s «probity» over the South Stream is just a cover for its own petty political reasons and a direct corollary of the Washington-Brussels aggressive agenda toward Russia over Ukraine.   Reactions to the news of the project’s cancellation were also indicative of which party was to blame for the debacle. The governments of Bulgaria, Hungary, Slovenia and Serbia described the decision as a blow. The tone of chagrin was deafening. Tellingly they did not rebuke Russia over the decision. Indeed, the Hungarian government said it was Russia’s right to cancel the project given the backdrop of wearisome wrangling by Brussels. While Slovenia’s prime minister Miro Cerar said he was «not surprised» by Russia giving up on the $40 billion undertaking, which was to come into operation in 2018 following its commencement last year.   The above countries were to have acted as key transit partners and stood to gain billions of dollars worth of fees over the long-term supply of gas to Europe. The pipeline was being contracted to supply some 63 billion cubic metres of natural gas from Russia to Central and Southern Europe, including Austria and Italy. That represents about 40 per cent of Russia’s total supply of gas to Europe in 2013. The South Stream route would thus have been a critical component of European energy security and would have reduced gas costs for millions of households. 
  • Both Brussels and Washington have piled intense pressure on the Eastern European countries that were key to the project. Bulgaria, one of the newest and poorest members of the EU, was singled out for acute pressure from Brussels and Washington.   ‘Bulgaria halts work on the South Stream after US talks,’ reported the BBC back in June this year. Among the US Senators to have lobbied the government in Sofia was John McCain, the self-styled champion of the neo-Nazi and anti-Russian Kiev regime in Kiev that Washington and Brussels helped to install in February.   Bulgaria’s reported halt to the South Stream due to American «talks» finally became a matter of full suspension two months later, in August, after Brussels conducted more «talks». The exact nature of this coercion is not sure. But it is not hard to imagine how all sorts of financial leverage could have been exerted by Brussels and Washington on the vulnerable Bulgarian government. 
  • ...2 more annotations...
  • The reaction of Bulgaria, Hungary, Slovenia and Serbia to the South Stream collapse of course expressed disappointment over the impact on their economies. But their muted regret was more a reflection of consternation with Brussels for its policy of antagonism with Russia. Brussels’ high-handed slapping on of sanctions against Moscow and its repeated baseless accusations of Russian expansionism in Ukraine have led to the present juncture of badly frayed relations. That has, in turn, put the kibosh on what would have been a critically important improvement in Europe’s energy security, with financial benefits to several countries and millions of EU citizens.   It’s one thing for Brussels to be cavalier towards Russia; it’s quite another for the same elitist power centre to be cavalier towards its own increasingly hard-pressed citizens and their best interests. 
  • he debacle over the South Stream clearly shows that the European political elite have no interest in the welfare of its ordinary citizens or poorer member states. It is reported that cancellation of the project will cost manufacturing firms and other businesses at least $2 billion in the immediate term. These firms include German and Italian pipe manufacturers. Thousands of jobs across recession-hit Europe are thus being put at risk by political games that Brussels is playing against Russia for its own arcane geopolitical reasons in cahoots with Washington. 
  • Paul Merrell on 06 Dec 14
     
    The U.S. demands obedience, not loyalty, from the EU --- and gets it. 
Paul Merrell

The Rise of German Imperialism and the Phony "Russian Threat" | Global Research - 0 views

www.globalresearch.ca/...5418498

war & peace Germany empire Russia NATO eastern-europe

shared by Paul Merrell on 09 Dec 14 - No Cached
  • Germany’s projection of power on a world scale would never have occurred if it had not annexed East Germany.  Despite the West German claims of beneficence and ‘aid’ to the East, the Bonn regime secured several million skilled engineers, workers and technicians, the takeover of factories, productive farms and, most important, the Eastern European and Russian markets for industrial goods, worth  billions of dollars.  Germany was transformed from an emerging influential EU partner, into the most dynamic expansionist power in Europe, especially in the former Warsaw Pact economies. The annexation of East Germany and the overthrow of the Communist governments in the East allowed German capitalists to dominate markets in the former  Eastern bloc .As the major trading partner,  it seized control of major industrial enterprises via corrupt privatizations decreed  by the newly installed pro-capitalist client regimes. 
  • Paul Merrell on 09 Dec 14
     
    An excellent historical view of Germany's role in East-West geopolitics. This article made a lot of pieces fall into place for me. 
Paul Merrell

Obama slaps Kim Jong Un with new sanctions - Tal Kopan - POLITICO - 0 views

www.politico.com/...anctions-sony-hack-113930.html

war & peace cyberwar North-Korea sanctions Sony-hack

shared by Paul Merrell on 05 Jan 15 - No Cached
  • President Barack Obama on Friday took the first declared U.S. action against North Korea in response to the crippling cyberattack on Sony Pictures Entertainment over Thanksgiving, ordering a fresh set of financial sanctions against the authoritarian regime. Senior administration officials told reporters it was the first time the U.S. has sanctioned a country as a direct result of a cyberattack on an American business, though in the past sanctions have been imposed for human rights abuses by cyber means. Story Continued Below The president signed an executive order Friday afternoon authorizing the action, and the Treasury Department immediately sanctioned a North Korean government agency, two trading companies and 10 individuals affiliated with them under the new powers.
  • The FBI announced it had concluded North Korea was behind the attack, which wiped out Sony’s servers and computer network for a week and dumped massive amounts of sensitive company data, emails and other intellectual property on the Internet, on Dec. 19. Obama reiterated the government’s determination of North Korea’s responsibility at a press conference that day before leaving for his Hawaiian trip, and pledged a “proportionate response.” Friday’s sanctions are the U.S. government’s first declared response since that day. In the interim, the cybersecurity community has expressed skepticism of North Korea’s culpability based on the indicators the FBI cited as evidence for its conclusion, but officials and the FBI have remained firm that there is no evidence suggesting any other entity is behind the attack. In Friday’s call an official said the FBI is “standing by our assessment” and has access to channels for intelligence that private security firms do not.
  • Paul Merrell on 05 Jan 15
     
    Notably, the Obama Administration has to date supplied no evidence whatsoever that North Korea had any involvement in the Sony hack. 
Paul Merrell

Russia's SWIFT Response operational by May 2015 | nsnbc international - 0 views

nsnbc.me/...sponse-operational-by-may-2015

war & peace banksters Russia U.S.-foreign-policy SWIFT

shared by Paul Merrell on 27 Dec 14 - No Cached
  • The Central Bank of Russia (CBR), on Friday, admitted domestic banks to the Russian alternative to the international SWIFT banking system. Domestic banks can access the system after signing agreements with the Central Bank. The Russian alternative to the SWIFT system is expected to be fully developed and operational by May 2015.
  • The Central Bank of Russia issued a statement saying that the new service would allow credit institutions to transmit SWIFT-format messages through the Bank of Russia in all regions within the Russian Federation without restrictions. The CBR added that the new service had been established to ensure continuous and secure transmissions of financial messages inside the country. The decision to create the domestic alternative to the SWIFT system was made against the backdrop of EU proposals in September, to disconnect Russia from the international SWIFT system as part of the sanctions against Russia over the situation in and about Ukraine. Several U.S. Senators lobbied in support of the measure. Moscow responded by drafting an alternative to the Brussels-based SWIFT system by creating a Russian alternative non-governmental inter-bank communication system.
  • The Russian Tass news agency reported that the Society for Worldwide Interbank Financial Telecommunications (SWIFT) transmits 1.8 billion transactions per year, remitting payment orders worth $6 trillion a day. Disconnecting Russia from the SWIFT system, as proposed by certain EU members in September, would not only harm the Russian economy. Disconnecting Russia from the SWIFT system before an alternative is operational would also create substantial problems for Russia’s main trading partners within the EU, which include Germany, Italy and France.
  • Paul Merrell on 27 Dec 14
     
    The BRICS bloc gains its own interbank transactions alternative to the SWIFT system, courtesy of U.S. sanctions and threats thereof. Do the Russians ever tire of playing chess against idiots?
Paul Merrell

Chinese - Egyptian Cooperation sets Trend for International Relations | nsnbc internati... - 0 views

nsnbc.me/...nd-for-international-relations

war & peace China Egypt New-Silk-Road bilateral-relations

shared by Paul Merrell on 28 Dec 14 - No Cached
  • Egypt’s President Abdel Fatah al-Sisi returned from his official visit to China and meetings with Chinese President Xi Jinping. On Tuesday, the two heads of State signed a joint statement on bilateral relations and comprehensive strategic partnership. The agreement sets new trends in international diplomacy and relations. Egypt’s presidential spokesman, Ambassador Alaa Youssef commented on the Chinese – Egyptian agreement, saying that signing the statement elevated bilateral relations to a progressive level. The agreement encompasses politics, economy, trade and investment, military and security, culture and humanitarian issues, space sciences and technologies, as well as a number of regional and international issues.
  • Paul Merrell on 28 Dec 14
     
    Egypt decides to transition into a BRICS nations alignment?
Paul Merrell

China - Thailand forge Ties of Steel - Xi and Prayuth on Railway Cooperation | nsnbc in... - 0 views

nsnbc.me/...prayuth-on-railway-cooperation

war & peace economic-warfare China Thailand railroads New-Silk-Road

shared by Paul Merrell on 24 Dec 14 - No Cached
  • China and Thailand further strengthened ties with an agreement on the China – Thailand Railway Cooperation. The announcement was made during a visit of Thailand’s Prime Minister Prayut Chan-ocha to Beijing and talks with Chinese President Xi Jinping.
  • China and Thailand penned two Memorandums of Understanding (MoU) last Friday, during the visit of Chinese Prime Minister Li Kequiang’s visit to the Thai capital Bangkok. The planned dual railway track will span 734 km and 133 km, connecting northeastern Thailand’s Nong Khai province, Bangkok and the eastern Rayong province.
  • For China’s part, the railway will facilitate greater access to southern Asian markets, but Thailand, Laos, Cambodia and in part Myanmar are also beneficiaries in terms of increased export possibilities to China, note several analysts. The project is estimated to cost 10.6 billion U.S. dollars, reports Xinhua.
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  • Earlier this year the National Bank of Thailand held a seminar for Thai businessmen and investors, encouraging them to closely study the opportunities China affords due to the opening of its economy for foreign investors and for trade.
Paul Merrell

China pledges to help Russia overcome economic hardships - RT News - 0 views

rt.com/...hina-russia-economic-hardships

war & peace economic-warfare Russia China U.S.-foreign-policy

shared by Paul Merrell on 24 Dec 14 - No Cached
  • China’s foreign minister has pledged support to Russia as it faces an economic downturn due to sanctions and a drop in oil prices. Boosting trade in yuan is a solution proposed by Beijing’s commerce minister. “Russia has the capability and the wisdom to overcome the existing hardship in the economic situation," Foreign Minister Wang Yi told journalists, China Daily reported Monday. “If the Russian side needs it, we will provide necessary assistance within our capacity." The offer of help comes as Russians are still recovering from the shock of the ruble’s worst crash in years last Tuesday, when it lost over 20 percent against the US dollar and the euro. The Russian currency bounced back the next day, but it still has lost almost half of its value since March.
Paul Merrell

Ecuador Begins New Era of Cooperation with China | News | teleSUR - 0 views

www.telesurtv.net/...nt-Reality--20150106-0009.html

war & peace Ecuador China economic-development Latin-America Caribbean

shared by Paul Merrell on 08 Jan 15 - No Cached
  • As part of his official visit to China, President Rafael Correa met with Chinese bank executives in order to enhance financial cooperation. Ecuadorean President Rafael Correa stated Tuesday in Beijing that the Chinese-based Eximbank will grant US$5 billion to finance various development projects throughout the country. As part of his first official trip to China, President Correa met with bank executives in order to enhance financial cooperation in the area of renewable energy projects.  "They [Eximbank] are interested in continuing their financial assistance,” Correa stated, adding that the investments of the China-based bank in Ecuador are “an example for Latin America and for the rest of the world.”  Correa, who is the first Ecuadorean president to visit China in an official capacity, went on to assure that the investments will be allocated towards projects that will contribute to economic growth of the country and will ensure that the profit from these projects will stay in the country.
  • Correa, who has maintained a high approval rating over his eight years as president, will spend a total of four days in China firming up diplomatic and trade relations for his country, as well as participating in the CELAC-China summit Thursday and Friday, which hopes to do the same for the whole Latin American and Caribbean region.
Paul Merrell

The EU Demands Argentina to Ban Food Exports to Russia: Arrogance and Stupidity | Globa... - 0 views

www.globalresearch.ca/...5396335

reserve currencies BRICS Argentina EU

shared by Paul Merrell on 20 Aug 14 - No Cached
  • Imagine – Argentina – and the rest of Latin America – being urged by the EU, ultimate puppet of the US not to supply Russia with food stuff – vegetables, fruit, meat – after Argentina was ‘punished’ by a corrupt court in New York to pay 1.5 billion dollars to the fraudulent NML Capital et al vulture funds – out of its current agreed upon debt of US$29 billion – equivalent to Argentina’s total reserves. And yes, the hedge funds have to be paid 100%, when the remaining 93% of creditors agreed on a 20% reimbursement rate. – And, yes, Mr. Griesa, the bought NY judge, has blocked all of Argentina’s payments to the other creditors, unless his vulture clients are paid in full. So, Argentina is in forced default – having to pay now much higher interest rates on international money markets, if she is indeed still eligible for international credits. Unimaginable but true.
  • Under these circumstances, the boundless arrogance of Brussels expects Argentina to ascend to the US / EU sanctions on Russia to which Russia responded by banning all imports from the EU? – And is now seeking trading with South America? Not that Russia really needs food from South America – there is an enormous and willing Asia market open to them. Russia’s gesture is a helping hand to Argentina and South America to free themselves from the economic and political pressures constantly exerted on them by Washington. Argentina will laugh at such a ridiculously stupid request from the EU. Good for Russia – and good for Argentina, Brazil, Chile, Peru et al – to finally escape the claws of the predator empire of Washington and go the way of independence, namely towards a new area of economic sovereignty and world monetary system. Good for the BRICS (Brazil, Russia, India, China and South Africa), as they may finally come to a consensus among themselves and issue their own currency, backed by about one third of the world’s economic output and about half the world’s population.
  • If the BRICS are not yet ready with an alternative, dollar delinked currency to replace the western predatory money machine, Russia and China are. The two countries have forged a solid political and economic alliance during the past few years, have a combined GDP of US$ 21.1 trillion (China – US$ 19 trillion; Russia US$ 2.1 trillion – est. 2014), equal to about 27% of the world economic output – US$ 77.8 trillion (est. 2014). Russia has already announced that the ruble is backed 100% by gold – which is not a reference in itself, but enhances the solidity of their countries’ manufacturing and construction output. This compares with a US GDP of US$ 17 trillion, mostly based on the output of the war and security industrial complex, meaning a GDP of destruction – and on consumption, as well as hollow financial and legal services. While the BRICS are getting their act together, it is conceivable that Russia and China will issue shortly their own combined currency – the ‘Ruyuan’ or the ‘Yuanru’, delinked from the corrupt, predatory western monetary system; a new monetary alliance could also replace the dollar as reserve currency. Controlling more than a quarter of the world’s economic output and a majority chunk of the Asian market, a combined China-Russian currency would have an infinitely more solid backing than has the fiat dollar – as well as meanwhile also the fiat euro – to become a serious reserve currency. – It is only a question of time until much of the rest of the world will jump on the occasion and abandon the dollar.
  • ...1 more annotation...
  • Peter Koenig is an economist and former World Bank staff.
Paul Merrell

Russia to appeal against US, EU sanctions to WTO - RT Business - 0 views

rt.com/...-wto-russia-sanctions-ulyukaev

war & peace Russia sanctions WTO

shared by Paul Merrell on 13 Sep 14 - No Cached
  • Russia considers the latest round of Western sanctions illegal and is ready to appeal against them to the World Trade Organization (WTO), Russian Economy Minister Aleksey Ulyukaev told reporters on Friday. “The latest round of sanctions provides grounds to appeal to the WTO. And we will appeal,” Ulyukaev said.
Paul Merrell

Secret Israeli Report Sees Rift With Europe Growing - J.J. Goldberg - Forward.com - 0 views

blogs.forward.com/...t-sees-rift-with-europe-growin

war & peace Israel Europe leaked-docs

shared by Paul Merrell on 21 Jan 15 - No Cached
  • A classified Israeli foreign ministry document, leaked to the daily Yediot Ahronot, warns that 2015 will see Israel’s standing on the world stage steadily deteriorating. It predicts “worsening drift in Europe toward Palestinian positions, more parliaments recognizing the State of Palestine, fear of sanctions and labeling merchandise [to separate settlement products from tariff-free Israel-proper products] and no certainty that the United States will continue after Israel’s March elections to protect Israel with its veto.” The document is said to be a summary of an interministerial assessment roundtable convened by foreign minister Avigdor Lieberman, and is signed by foreign ministry deputy director-general Gilead Cohen. It was circulated to Israel’s ambassadors around the world, Yediot reported. In addition to labeling settlement products and parliamentary votes to recognize Palestine, the foreign ministry document warns of European nations halting the supply of replacement parts for Israeli equipment and demanding compensation for damage caused by Israel to European projects in the territories.
  • “The Europeans are creating a clear link between political and economic relations, and in this context it should be remembered that Europe is Israel’s main trading partner.” European diplomats and politicians increasingly view Israel as responsible for the failure of Israeli-Palestinian peace talks, claiming that Israel sets unreasonable conditions for a peace agreement in order to continue deepening its hold on the West Bank.
  • The tensions surrounding Prime Minister Netanyahu’s visit to Paris this week are an outgrowth of that growing gulf of suspicion. As Haaretz diplomatic correspondents Barak Ravid and Asher Schechter both reported, French president Francois Hollande initially asked Netanyahu not to come to Paris for the Sunday solidarity rally, because he wanted to avoid injecting the divisive Israeli-Palestinian issue into the rally’s theme of national and Europe-wide unity and solidarity. Once Netanyahu announced that he was coming, Hollande made clear to him that Palestinian leader Mahmoud Abbas would be invited as well. Netanyahu has said repeatedly since last week’s Paris attacks, in his initial sympathy statement and again in his remarks Monday at the site of the kosher supermarket attack, that the terror plaguing Europe is the same as the terror Israel faces. He said he hoped Europe would “wake up in time” to the terrorist threat. He continued: “Israel supports Europe in its fight against terrorism and it’s time Europe supported Israel in the same fight.” His comments have caused resentment in France. Like most of Europe, French leaders regard Israel’s conflict with Arab terrorists as fundamentally different from the jihadist terrorism spreading from Syria to the European continent. The Israeli-Palestinian conflict is seen as a territorial dispute, albeit with religious overtones where Hamas is concerned, while Al Qaeda and ISIS are seen as essentially nihilistic movements that seek to undermine Western civilization.
  • ...1 more annotation...
  • As for “waking up” to the terrorist threat, French observers note that they are carrying the fight against Al Qaeda in Mali on their own, had one of the largest NATO troop contingents fighting the Taliban in Afghanistan and maintain what’s considered one of the best counter-terrorism intelligence operations in the West. In effect, Netanyahu’s call for Europe to “wake up” and “support Israel” in its struggle against terrorism is seen as a demand that Europe acquiesce in his effort to entrench Israeli presence in the territories, rather than withdrawing and permitting a Palestinian state based on the pre-1967 lines.
  • Paul Merrell on 21 Jan 15
     
    " ... no certainty that the United States will continue after Israel's March elections to protect Israel with its veto." That would seem to indicate that the Obama Administration is doing some very tough talking to Israeli government officials behind the scenes. But I doubt that Obama would have the U.S. abstain or vote in favor of a Security Council Resolution condemning Israel unless it was on a matter that would inflicit little actual pain on the Israeli government. In that scenario, Kerry could claim plausibly that the U.S. abstention or vote in favor was a "message" to Israeli gobvernment to get serious about making the two-state solution happen. But I have to admit it would warm my heart to see a Security Council Resolution adopted authorizing the use of force to break the Gaza siege and to push Israeli troops and its settlers back to the 1967 borders.  
Paul Merrell

Former FBI Agent Mark Rossini Says The CIA Kept Him From Helping To Stop 9/11 - Busines... - 0 views

www.businessinsider.com/m-from-helping-stop-911-2015-1

war & peace 9-11 CIA-cover-up FBI

shared by Paul Merrell on 21 Jan 15 - No Cached
  • An FBI special agent who lost his job in 2008 told Newsweek columnist Jeff Stein his story about how the 9/11 hijackers slipped through the cracks at the FBI and CIA more than a decade ago. Mark Rossini said the CIA prevented him from going to FBI headquarters with the information that two known terrorists, who later went on to carry out the 9/11 attacks on the World Trade Center, had entered the US. Government reports on 9/11 blame a vague "intelligence failure" for the terrorist attack that killed about 3,000 people in 2001 and provide little clarity on why the CIA didn't communicate crucial information about the hijackers to the FBI. This information, in theory, could have helped the US to prevent the attacks.
  • Rossini said that after 9/11, when congressional investigators started asking him questions about his work with the CIA's Osama bin Laden unit, he and another FBI agent stayed quiet at the direction of CIA officers. "It was just understood in the office that they were not to be trusted, that [the congressional investigators] were trying to pin this on someone, that they were trying to put someone in jail," Rossini told Newsweek. "They said [the investigators] weren’t authorized to know what was going on operationally. … When we were interviewed, the CIA had a person in the room, monitoring us." He eventually told the FBI in 2004 about what happened. He said he regrets obeying CIA orders and not going to FBI headquarters with the information that Khalid al-Mihdhar, who would go on to hijack one of the planes used in the 9/11 attack, was in the country. The CIA had been tracking al-Mihdhar for some time already. It wasn't until the agency lost track of him and another future hijacker, Nawaf al-Hazmi, in the summer of 2001 that the CIA went to the FBI with the information that the terrorists were in the US.
  • Rossini pointed out that al-Mihdhar was "a known terrorist that [the CIA] follows around the globe. He’s a subject of several cables, he comes to America ... and they allow him to leave America and go back to Yemen for the birth of his baby. And he comes back." If it was the CIA's plan to recruit al-Mihdhar and al-Hazmi, as former White House counterterrorism adviser Richard A. Clarke has suggested, it obviously did not work. A few months after the CIA lost track of the two terrorists, the 9/11 attacks were carried out. The US still doesn't have an official explanation as to why CIA officers forbade Rossini from going to FBI headquarters with the information about al-Mihdhar and al-Hazmi. Several top government officials have gone on the record with doubts about the CIA's version of events leading up to 9/11.
Paul Merrell

Russia and China: Watch Out Moody's, Here We Come! | New Eastern Outlook - 0 views

journal-neo.org/...watch-out-moody-s-here-we-come

banksters ratings-agencies history Russia China

shared by Paul Merrell on 22 Jan 15 - No Cached
  • In 1945 it was easy to get a defeated Europe to agree to Bretton Woods Gold Exchange Standard in which all currencies would be fixed to the US dollar and the dollar alone fixed to gold at $35 an ounce, where it remained until the system collapsed in August 1971 and Nixon abandoned gold-dollar convertibility. By then Europe was booming with modern reconstructed industry and the USA was becoming a rustbelt. France and Germany demanded US gold bullion instead of inflated dollars, and US gold reserves were vanishing. After 1971, the dollar flooded the world unfettered by gold reserve requirements and US military might during the Cold War forced Japan, Western Europe and others including OPEC to accept constantly inflating paper US dollars. From 1970 until about 2000 the volume of dollars in the world had risen some 2,900%. Because the dollar was the world “reserve currency” needed by all for trade in oil, goods, grains, the world was forced to swallow a de facto mammoth inflation after 1971.First appeared: http://journal-neo.org/2015/01/22/watch-out-moody-s-here-we-come/
  • Paul Merrell on 22 Jan 15
     
    The established New York credit agencies would play a strategic role in this post-1971 dollar system. During the 1970's the US Government's Securities & Exchange Commission, charged with oversight of bond and stock markets, issued a ruling giving the then-dominant New York credit rating agencies-Moody's and Standard & Poor's (and later Fitch Ratings)-a de facto guaranteed monopoly in an unregulated market, when they ruled that only "Nationally Recognized Statistical Rating Organizations" would be qualified to issue appropriate ratings, i.e. only Moody's and S&P. Corruption was made endemic to the US ratings game and Washington was party to the dirty deal. By the end of the 1970's, using the vast amount of OPEC "petro-dollars" from the two oil price shocks in 1973 and 1979, New York international banks, using London, began to loan to the rest of the world to finance imports of oil and other essentials. The New York credit rating agencies, previously primarily rating US corporate bonds, expanded into the new foreign debt markets as the largest and only established rating agencies in the new phase of dollarization and globalization of capital markets. They set up branches in Germany, France, Japan, Mexico, Argentina and other emerging markets much like the US Big Five accounting firms. During the 1980s the rating agencies played a key role in down-rating the debt of the Latin American debtor countries such as Mexico and Argentina. Their ratings determined if the debtor countries could borrow or not. Financial market insiders in London and New York openly spoke of the "political" rating agencies using their de facto monopoly to advance the agenda of Wall Street and the Dollar System behind it. Then in the 1990's, the New York rating agencies played a decisive role in spreading the "Asia Crisis" of 1997-98. With the precise timing of its downgrades they could worsen the panic because they had been suspiciously silent right up un
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