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British spies have been granted the authority to secretly eavesdrop on legally privileged attorney-client communications, according to newly released documents. On Thursday, a series of previously classified policies confirmed for the first time that the U.K.’s top surveillance agency Government Communications Headquarters (pictured above) has advised its employees: “You may in principle target the communications of lawyers.” The U.K.’s other major security and intelligence agencies—MI5 and MI6—have adopted similar policies, the documents show. The guidelines also appear to permit surveillance of journalists and others deemed to work in “sensitive professions” handling confidential information.

Iceland's government is considering a revolutionary monetary proposal - removing the power of commercial banks to create money and handing it to the central bank. The proposal, which would be a turnaround in the history of modern finance, was part of a report written by a lawmaker from the ruling centrist Progress Party, Frosti Sigurjonsson, entitled "A better monetary system for Iceland". "The findings will be an important contribution to the upcoming discussion, here and elsewhere, on money creation and monetary policy," Prime Minister Sigmundur David Gunnlaugsson said. The report, commissioned by the premier, is aimed at putting an end to a monetary system in place through a slew of financial crises, including the latest one in 2008.

He argued the central bank was unable to contain the credit boom, allowing inflation to rise and sparking exaggerated risk-taking and speculation, the threat of bank collapse and costly state interventions. In Iceland, as in other modern market economies, the central bank controls the creation of banknotes and coins but not the creation of all money, which occurs as soon as a commercial bank offers a line of credit. The central bank can only try to influence the money supply with its monetary policy tools. Under the so-called Sovereign Money proposal, the country's central bank would become the only creator of money. "Crucially, the power to create money is kept separate from the power to decide how that new money is used," Mr Sigurjonsson wrote in the proposal.

Banks would continue to manage accounts and payments, and would serve as intermediaries between savers and lenders. Mr Sigurjonsson, a businessman and economist, was one of the masterminds behind Iceland's household debt relief programme launched in May 2014 and aimed at helping the many Icelanders whose finances were strangled by inflation-indexed mortgages signed before the 2008 financial crisis. The small Nordic country was hit hard as the crash of US investment bank Lehman Brothers caused the collapse of its three largest banks. Iceland then became the first western European nation in 25 years to appeal to the International Monetary Fund to save its battered economy. Its GDP fell by 5.1pc in 2009 and 3.1pc in 2010 before it started rising again.

The Russian president, Vladimir Putin, has opened the way for the controversial delivery of a sophisticated anti-aircraft missile system to Iran which had been under embargo for the past five years. US Secretary of State John Kerry called his Russian counterpart Sergei Lavrov to object to the move, and the US government warned that the delivery could complicate plans to eventually lift sanctions on Iran as part of a deal over the country’s nuclear programme. “It’s safe to say that Russia understands that the US takes very seriously the safety and security of our allies in the region,” said White House spokesman Josh Earnest.

Citing the interim framework agreement on Iran’s nuclear programme in Lausanne, the move signalled an apparent determination by Moscow to get a head start in the race to benefit from an eventual lifting of sanctions on Tehran. Putin signed a decree on Monday to unfreeze the ban on delivering the $800m (£546m) contract for the Russian-made S-300 missiles as Moscow forged ahead with a $20bn oil-for-goods barter deal with Tehran.

Delivery and installation of the missile system would make any future attack on Iran or its nuclear facilities – by the US or Israel – considerably more difficult and costly.

The European Union has issued new guidelines for the labelling of products from illegal Israeli settlements in the occupied Palestinian territories, after years of deliberation and in the teeth of fierce Israeli opposition. Binyamin Netanyahu, the Israeli prime minister, made a personal appeal to a number of key European figures in the runup to the decision, in which he said the plan was discriminatory, indicative of double standards, and would embolden those who seek to “eliminate” Israel. The measures will primarily cover fruit and vegetables and should affect less than 1% of all trade from Israel to the EU, which is worth about €30bn. EU officials said existing measures for produce brought into Britain have had no negative economic effect.

On some products, like fruit and vegetables, the labelling referring to settlements will be mandatory, while on others it will be voluntary. Israel sees the move as a political stigma that rewards Palestinian violence and will push consumers away. It immediately summoned the EU ambassador to Israel, Lars Faaborg-Andersen, in protest. The Israeli foreign ministry said the EU has chosen “for political motives, to take an unusual and discriminatory step” at a time when Israel is facing a wave of terror. In a statement, the ministry said it was “surprised and even angered by the fact that the EU chooses to implement a double standard against Israel, while ignoring 200 territorial disputes taking place today around the world, including within [the EU] or right on [Israel’s] doorstep”. The EU’s claim that the decision was a “technical step” was baseless and cynical, the statement added.

Despite insisting in public that the new guidelines provide clarity to consumers, European diplomats have privately made it clear the move is designed to put pressure on Israel over its continued settlement building in the occupied territories and the absence of a peace dialogue; a sharp rise in violence between Israelis and Palestinians has claimed 90 lives in the last month. Announcing the new guidelines, a European commission official said it had “adopted this morning the Interpretative Notice on indication of origin of goods from the territories occupied by Israel since June 1967”. Although the new guidelines are expected to have little real economic impact, they do carry a political significance for Israel, not least because of the widespread agreement among European governments over their implementation. The decision to push ahead with issuing the guidelines also marks the second major defeat in a year for Netanyahu on an international stage, following his defeat over the Iran nuclear accord, amid mounting evidence of Israel’s growing international isolation.

WHENEVER A TERRORIST ATTACK OCCURS, it never takes long for politicians to begin calling for more surveillance powers. The horrendous attacks in Paris last week, which left more than 120 people dead, are no exception to this rule. In recent days, officials in the United Kingdom and the United States have been among those arguing that more surveillance of Internet communications is necessary to prevent further atrocities. The case for expanded surveillance of communications, however, is complicated by an analysis of recent terrorist attacks. The Intercept has reviewed 10 high-profile jihadi attacks carried out in Western countries between 2013 and 2015 (see below), and in each case some or all of the perpetrators were already known to the authorities before they executed their plot. In other words, most of the terrorists involved were not ghost operatives who sprang from nowhere to commit their crimes; they were already viewed as a potential threat, yet were not subjected to sufficient scrutiny by authorities under existing counterterrorism powers. Some of those involved in last week’s Paris massacre, for instance, were already known to authorities; at least three of the men appear to have been flagged at different times as having been radicalized, but warning signs were ignored.

In the aftermath of a terrorist atrocity, government officials often seem to talk about surveillance as if it were some sort of panacea, a silver bullet. But what they always fail to explain is how, even with mass surveillance systems already in place in countries like France, the United States, and the United Kingdom, attacks still happen. In reality, it is only possible to watch some of the people some of the time, not all of the people all of the time. Even if you had every single person in the world under constant electronic surveillance, you would still need a human being to analyze the data and assess any threats in a timely fashion. And human resources are limited and fallible.

Vladimir Putin has called Turkey “accomplices of terrorists” and warned of “serious consequences” after a Turkish F-16 jet shot down a Russian warplane on Tuesday morning, the first time a Nato country and Moscow have exchanged direct fire over the crisis in Syria. The Russian president, speaking before a meeting with King Abdullah II of Jordan in Sochi, said the plane had been shot down over Syrian airspace and fell 4km inside Syria. Putin said it was “obvious” the plane posed no threat to Turkey.

“Our military is doing heroic work against terrorism … But the loss today is a stab in the back, carried out by the accomplices of terrorists. I can’t describe it in any other way,” he said. Putin suggested the Turks were shielding Islamic State terrorists from Russian attacks, saying: “Do they want to make Nato serve Isis?” Ankara and the Kremlin gave conflicting accounts of the incident, which appears to have occurred in an area near the Turkish-Syrian border straddling Iskenderun and Latakia. The Turkish military said it scrambled two F-16 fighter jets after a plane entered Turkish airspace in the province of Hatay at 9.20am on Tuesday, warning it to leave 10 times in five minutes before shooting it down. A government official said: “In line with the military rules of engagement, the Turkish authorities repeatedly warned an unidentified aircraft that they were 15km or less away from the border. The aircraft didn’t heed the warnings and proceeded to fly over Turkey. The Turkish air forces responded by downing the aircraft.

“This isn’t an action against any specific country: our F-16s took necessary steps to defend Turkey’s sovereign territory.” Russia’s defence ministry, in a series of tweets, confirmed that a Russian Su-24 had been shot down, but insisted the plane had never left Syrian airspace and claimed that fire from the ground was responsible. “At all times, the Su-24 was exclusively over the territory of Syria,” the defence ministry said. “The Su-24 was at 6,000 metres and preliminary information suggests it was brought down by fire from the ground. The circumstances are being investigated.” A rebel brigade in Syria said both pilots had been shot dead as they parachuted from the jet. The Turkish TV network CNN Türk reported that one of the pilots was found dead. A graphic video purporting to show a dead Russian pilot has been widely circulated.

Since John D. Rockefeller was advised to protect his wealth from government taxation by creating a tax-exempt philanthropic foundation in 1913, foundations have been used by American oligarchs to disguise a world of dirty deeds under the cover “doing good for mankind,” known by the moniker “philanthropy” for mankind-loving. No less the case is that of George Soros who likely has more tax-exempt foundations under his belt than anyone around. His Open Society foundations are in every country where Washington wants to put ‘their man’ in, or at least get someone out who doesn’t know how to read their music. They played a key role in regime change in the former Soviet Union and Eastern Europe after 1989. Now his foundations are up to their eyeballs in promoting propaganda serving the US-UK war agenda for destroying stability in Syria as they did in Libya three years ago, creating the current EU refugee crisis. We should take a closer look at the ongoing Syrian refugee crisis wreaking such havoc and unrest across the EU, especially in Germany, the favored goal of most asylum seekers today. George Soros, today a naturalized American citizen, has just authored a six-point proposal telling the European Union on what they must do to manage the situation. It’s worth looking at in detail.

Four people, including three Americans, have filed a civil suit against the state of Israel, seeking compensatory damages for injuries suffered during an attack aboard a U.S. ship in international waters during the year 2010. At a Washington press conference, Tuesday, the plaintiffs said they wanted compensation for “the harm and distress, injuries and losses caused by the attack”. Israel has refused to acknowledge responsibility and liability for the attack and is yet to pay compensation to victims aboard the Challenger I, which was part of a Freedom Flotilla set to deliver humanitarian aid and medical supplies to the Gaza Strip, which was and still remains under an Israeli blockade. According to the complaint, the U.S. ship has never been returned by Israel and is still being held there. Israeli special forces stormed the ships and killed nine civilians aboard another ship in the flotilla, the Turkish Mavi Marmara. That event has since frozen relations between Israel and Turkey. That case was referred to the International Criminal Court by the Union of the Comoros because the Turkish vessel was sailing under its flag.

The family of a 19-year old American-Turkish national, Furkan Dogan, who was killed in the Mavi Marmara raid, last October, sued former Israeli Defense Minister Ehud Barak on war crimes charges. The latest lawsuit filed Monday is the first U.S. case brought against Israel relating to the Freedom Flotilla. The plaintiffs and their attorneys spoke to Anadolu Agency, following a press conference that announced the suit: “States are generally immune from suit in United States courts. But that immunity is waived in a number of circumstances. When agents of foreign governments commit wrongful acts in the United States that cause personal injury, and egregious acts against U.S. nationals anywhere in the world, they are not entitled to immunity,” said lawyer Steven Schneebaum. He noted that both exceptions apply to the facts of Challenger I case because a U.S. flagged ship falls under U.S. jurisdiction. The case is ground-breaking as it relies on an exception in American law that allows lawsuits to be brought against foreign states, in limited cases.

According to professor Ralph Steinhardt, a member of the plaintiffs’ legal team, Israel’s sovereignty does not allow it to attack American flagged civilian ships and attack those on it. “The attack on Challenger I was a patent violation of international law, including the laws of war, human rights, and the law of the sea,” according to the George Washington University international law professor. A UK-based international lawyer representing the plaintiffs, Sir Geoffrey Nice, described the case against Israel as “a real test” for the rule of international law. “This case, alongside the others, the one in the International Criminal Court and the one in California would have the following very clear political outcome: If Israel has enjoyed special privileged status of impunity because of protection by the United State of America, then that impunity is on the way out,” he said.

srael has granted oil exploration rights inside Syria, in the occupied Golan Heights, to Genie Energy. Major shareholders of Genie Energy – which also has interests in shale gas in the United States and shale oil in Israel – include Rupert Murdoch and Lord Jacob Rothschild. This from a 2010 Genie Energy press release: Claude Pupkin, CEO of Genie Oil and Gas, commented, “Genie’s success will ultimately depend, in part, on access to the expertise of the oil and gas industry and to the financial markets. Jacob Rothschild and Rupert Murdoch are extremely well regarded by and connected to leaders in these sectors. Their guidance and participation will prove invaluable.” “I am grateful to Howard Jonas and IDT for the opportunity to invest in this important initiative,” Lord Rothschild said. “Rupert Murdoch’s extraordinary achievements speak for themselves and we are very pleased he has agreed to be our partner. Genie Energy is making good technological progress to tap the world’s substantial oil shale deposits which could transform the future prospects of Israel, the Middle East and our allies around the world.” For Israel to seek to exploit mineral reserves in the occupied Golan Heights is plainly illegal in international law. Japan was succesfully sued by Singapore before the International Court of Justice for exploitation of Singapore’s oil resources during the second world war. The argument has been made in international law that an occupying power is entitled to opeate oil wells which were previously functioning and operated by the sovereign power, in whose position the occupying power now stands. But there is absolutely no disagreement in the authorities and case law that the drilling of new wells – let alone fracking – by an occupying power is illegal.

Israel tried to make the same move twenty years ago but was forced to back down after a strong reaction from the Syrian government, which gained diplomatic support from the United States. Israel is now seeking to take advantage of the weakened Syrian state; this move perhaps casts a new light on recent Israeli bombings in Syria. In a rational world, the involvement of Rothschild and Murdoch in this international criminal activity would show them not to be fit and proper persons to hold major commercial interests elsewhere, and action would be taken. Naturally, nothing of the kind will happen.

It will be called the great betrayal. And it was a long time coming. But the grim message from Washington to the anti-Assad fighters of southern Syria – that they could expect no help from the West in their further struggle against Assad’s regime or the Russians – will one day figure in the history books. It’s a turning point in the Syria war, a shameful betrayal if you happen to belong to the wreckage of the “Free Syrian Army” and its acolytes around the city of Deraa, and a further victory for the Assad regime in its ambition to retake all of rebel Syria. Already Russian missiles and Syrian bombs are embracing the countryside south and east of Deraa and outside Quneitra and Sweida after the opposition fighters refused a negotiated peace last week. Refugees are again fleeing the towns. But the words of the American message to the fighters, seen by Reuters and so far not denied by the US, are both bleak and hopeless: “You should not base your decisions on the assumption or expectation of a military intervention by us … We in the United States government understand the difficult conditions you are facing and still advise the Russians and the Syrian regime not to undertake a military measure that violates the [de-escalation] zone.” When Washington “understands the difficult conditions” its militia allies are facing and says it “advises” the Russians and Syrians not to violate a ceasefire – which was Moscow’s idea in the first place – you know that the Americans are pulling the carpet from beneath another set of allies.

Who creates money? Most people assume that money is created by governments … or perhaps central banks. In reality – as noted by the Bank of England, Britain’s central bank – 97% of all money in circulation is created by private banks. Bank Loans = Creating Money Out of Thin Air But how do private banks create money? We’ve all been taught that banks first take in deposits, and then they loan out those deposits to folks who want to borrow. But this is a myth …

One month ago, the bond market and political pundits did a double take when according to the latest Treasury International Capital report, Russia had liquidated virtually all of its US Treasury holdings, selling off the bulk of its US government bonds in just two months, March and April.

And with the US threatening to impose a new set of "crushing" sanctions on Russia, including in retaliation for the alleged Novichok nerve gas attack in the UK, Russia not only intends to continue liquidating its US holdings, but to significantly reduce its reliance on the US Dollar. Speaking in an interview for the Rossiya 1 TV channel, Finance Minister Anton Siluanov said that Russia "aims to keep reducing its investments in American securities" following new U.S. sanctions and said that the "US dollar is becoming an unreliable tool for payments in international trade." The minister also hinted at the possibility of using national currencies instead of the dollar in oil trade. "I do not rule it out. We have significantly reduced our investment in US assets. In fact, the dollar, which is considered to be the international currency, becomes a risky tool for payments," Siluanov noted.