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In a remarkably frank talk at a Bank of England conference, the Managing Director of the International Monetary Fund has speculated that Bitcoin and cryptocurrency have as much of a future as the Internet itself. It could displace central banks, conventional banking, and challenge the monopoly of national monies. Christine Lagarde–a Paris native who has held her position at the IMF since 2011–says the only substantial problems with existing cryptocurrency are fixable over time. In the long run, the technology itself can replace national monies, conventional financial intermediation, and even “puts a question mark on the fractional banking model we know today.”

Senate Republicans are reportedly banking on the testimony of a "secret informant" to deepen their investigation into Hillary Clinton's role in the 2010 sale of uranium assets to Russia, Reuters reported Thursday. The GOP's source — a former FBI informant and lobbyist for the U.S.-based unit of Rosatom, a Russian-owned nuclear power company — will appear before the upper chamber as part of the probe into the so-called Uranium One deal. Although the Senate committee did not reveal the witness' name, former lobbyist William D. Campbell identified himself to Reuters. "I have worked with the Justice Department undercover for several years, and documentation relating to Uranium One and political influence does exist and I have it," Campbell said. Campbell was once a "star witness" in an FBI case against a Rosatom, until his credibility and motivations as an informant were called into question by defense attorneys. President Trump has repeatedly claimed that Uranium One's sale was approved by Clinton's State Department in exchange for donations to the Clinton Foundation, and deal skeptics point to the fact that the Clinton Foundation received $145 million in donations from owners of Uranium One. In a statement to Reuters, Rosatom noted that the State Department is only one of nine government agencies that had to approve the sale.

Thousands of Israelis took to the streets of Tel Aviv calling for the resignation of Prime Minister Benjamin Netanyahu over corruption charges. The so-called ‘March of Shame’ attracted more than 10,000 people on Saturday, Ynet News reported. The protestors on Tel Aviv's Rothschild Boulevard chanted "Shame, shame, shame," "Bibi Netanyahu to Maasiyahu Prison," and "We will not give in until you give up."

Smaller anti-Netanyahu protests were organized in other locations in Israel as well, including Nahariya, Hadera, Afula, Netanya, Rishon LeZion, Modi'in, Jerusalem and Be'er Sheva.

Netanyahu has been questioned in two cases, with poilce suspecting the PM of received lavish gifts from businessmen and negotiating a deal for more favorable coverage with a newspaper owner.

As Turkey prepares to launch an operation against Kurdistan Workers’ Party (PKK) terrorists in Syria’s Afrin, the U.S. has threatened war with Turkey in the PKK-occupied city, in a report published by the CIA-affiliated Rand Corporation. The most recent report, titled “U.S. Strategic Interests in the Middle East and Implications for the Army,” was published by the Rand Corporation, an American think tank closely affiliated with the CIA. The report concluded that opposing interests between Ankara and Washington may lead to possible clashes between the two countries, deeming a potential confrontation to be “not entirely out of the question.”

Russian President Vladimir Putin has made history today, when he endorsed the creation of a soon to be unveiled CryptoRouble, the world’s first cryptocurrency endorsed by a state. Russian monetary experts and political leaders have recently begun engaging in a debate which pitted monetary conservatives against monetary radicals. Most Russian officials agreed that allowing the use of western designed (though not western state endorsed) cryptocurrencies such as Bitcoin, was not compatible with Russian financial security concerns. China, for example, reached a similar conclusion about existing cryptocurrencies. In Russia, the debate then quickly evolved into to a question over what role if any, a government and central bank should have in respect of cryptocurrencies. Conservatives argued that the entire process of blockchain cryptocurrency technology should not be accepted as a legal alternative to traditional state issued notes, while radicals argued for the creation and regulation of a uniquely Russian cryptocurremcy. The radials have clearly won and appear to have been embraced by President Putin.

BEIRUT, LEBANON (3:42 P.M.) – Moments ago, reports came in that Russian Ground Forces troops entered the Koneko Gas Field and its attached company headquarters area in eastern Deir Ezzor province at the invitation of Kurdish-led forces. The information, disseminated by Syrian military reports, claims that an agreement has been brokered between Russia and the US-backed Syrian Democratic Forces whereby the Syrian government will be allowed to assume control over the gas field. If true, then the scope of any backdoor agreements reached between Moscow and Washington regarding the transfer of energy assets held by Kurdish-led militias back to the rightful ownership of the Damascus government may yet encompass wider dimensions (i.e. future transfers) – although there is absolutely no evidence to suggest this is in fact the case.

Nonetheless, the unexpected transfer of the Koneko Gas Field by the SDF to the Syrian government does now raise questions as to whether or not the hitherto competition between the Syrian Arab Army and Kurdish-led militias to seize control of the much larger Al-Omar Oil Field from ISIS further south is still on.

The United Socialist Party of Venezuela won at least 17 of the 23 governorships, also garnering 54 percent of the vote. U.S. Ambassador to the United Nations, Nikki Haley, cast doubt on the results of Venezuela's Regional Elections where candidates from the governing Socialist Party won a vast majority of seats, claiming the vote was not "free and fair." 

The United Socialist Party of Venezuela, or PSUV won at least 17 of the 23 governorships, also garnering 54 percent of the vote. The PSUV candidate for Bolivar state, where no official results have been declared yet, also claimed victory. Turnout was 61.14 percent in Sunday's polls, with ballots cast at 13,559 polling stations nationwide. Venezuelan President Nicolas Maduro said it was the highest turnout in 15 years - more than 10 million people voted.

Prior to the vote, the U.S. State Department issued a statement questioning the "fairness of the electoral process" in Venezuela, and expressing "great concern that the regime will not permit the presence of independent international electoral observers." Over 1,300 national and international observers, including opposition appointed auditors, were on hand for the Oct. 15 vote. An audit of the vote will also be held, election officials confirmed Monday. The U.S.-backed opposition meanwhile, has stated they would not recognize the results that have been reported by the head of the National Electoral Council (CNE), Tibisay Lucena. "We do not recognize the results offered by Tibisay Lucena," said opposition coalition MUD campaign chief Gerardo Blyde. Blyde said the results are not reflective of those being tracked by his party. He also accused the electorate of misrepresenting the location of the polling stations in a bid to confuse voters.

While the mainstream media has largely ignored it, the scandal surrounding Russian efforts to acquire 20% of America's uranium reserves, a deal which was ultimately approved by the Obama administration, and more specifically the Committee on Foreign Investment in the United States (CFIUS) which included Hillary Clinton and Eric Holder, is becoming more problematic for Democrats by the hour.  As The Hill pointed out earlier this morning, the latest development in this sordid tale revolves around a man that the FBI used as an informant back in 2009 and beyond to build a case against a Russian perpetrator who ultimately admitted to bribery, extortion and money laundering.  The informant, who is so far only known as "Confidential Source 1," says that when he attempted to come forward last year with information that linked the Clinton Foundation directly to the scandal he was promptly silenced by the FBI and the Obama administration.

Working as a confidential witness, the businessman made kickback payments to the Russians with the approval of his FBI handlers and gathered other evidence, the records show.   Sources told The Hill the informant's work was crucial to the government's ability to crack a multimillion dollar racketeering scheme by Russian nuclear officials on U.S. soil that involved bribery, kickbacks, money laundering and extortion. In the end, the main Russian executive sent to the U.S. to expand Russian President Vladimir Putin's nuclear business, an executive of an American trucking firm and a Russian financier from New Jersey pled guilty to various crimes in a case that started in 2009 and ended in late 2015.   Toensing added her client has had contact from multiple congressional committees seeking information about what he witnessed inside the Russian nuclear industry and has been unable to provide that information because of the NDA.   “He can’t disclose anything that he came upon in the course of his work,” she said.   The information the client possesses includes specific allegations that Russian executives made to him about how they facilitated the Obama administration's 2010 approval of the Uranium One deal and sent millions of dollars in Russian nuclear funds to the U.S. to an entity assisting Bill Clinton's foundation. At the time, Hillary Clinton was serving as secretary of State on the government panel that approved the deal, the lawyer said.

In the midst of the new discoveries revealed yesterday about the Uranium One case (see: FBI Uncovered Russian Bribery Plot Before Obama Approved Uranium One Deal, Netting Clintons Millions), "Confidential Source 1" has once again hired an attorney, Victoria Toensing, a former Reagan Justice Department official and former chief counsel of the Senate Intelligence Committee, to get his story out. Sitting down with The Hill earlier, Toensing said that the last time her client tried to speak out "both his reputation and liberty" were "threatened" by the Obama administration in a effort to force his silence.  “All of the information about this corruption has not come out,” she said in an interview Tuesday. “And so my client, the same part of my client that made him go into the FBI in the first place, says, 'This is wrong. What should I do about it?'”   Toensing said she also possesses memos that recount how the Justice Department last year threatened her client when he attempted to file a lawsuit that could have drawn attention to the Russian corruption during the 2016 presidential race as well as helped him recover some of the money Russians stole from him through kickbacks during the FBI probe.   The undercover client witnessed “a lot of bribery going on around the U.S.” but was asked by the FBI to sign a nondisclosure agreement (NDA) that prevents him from revealing what he knows to Congress, Toensing explained.   When he tried to bring some of the allegations to light in the lawsuit last year, “the Obama Justice Department threatened him with loss of freedom. They said they would bring a criminal case against him for violating an NDA,” she added.

A changing-places moment brought about by Russia-gate is that liberals who are usually more skeptical of U.S. intelligence agencies, especially their evidence-free claims, now question the patriotism of Americans who insist that the intelligence community supply proof to support the dangerous claims about Russian ‘hacking” of Democratic emails especially when some  veteran U.S. government experts say the data would be easily available if the Russians indeed were guilty. One of those experts is William Binney, a former high-level National Security Agency intelligence official who, after his 2001 retirement, blew the whistle on the extraordinary breadth of NSA surveillance programs. His outspoken criticism of the NSA during the George W. Bush administration made him the subject of FBI investigations that included a raid on his home in 2007. Even before Edward Snowden’s NSA whistleblowing, Binney publicly revealed that NSA had access to telecommunications companies’ domestic and international billing records, and that since 9/11 the agency has intercepted some 15 trillion to 20 trillion communications. Snowden has said: “I have tremendous respect for Binney, who did everything he could according to the rules.”

I spoke to Binney on Dec. 28 about Russia-gate and a host of topics having to do with spying and America’s expanding national security state.

Bernstein: Your expertise was in the Soviet Union and so you must know a lot about bugging.  Do you believe that Russia hacked and undermined our last election?  Can Trump thank Russia for the result? Binney:  We at Veteran Intelligence Professionals for Sanity (VIPS) published an article on this in July.  First of all, if any of the data went anywhere across the fiber optic world, the NSA would know.  Just inside the United States, the NSA has over a hundred tap points on the fiber lines, taking in everything.    Mark Klein exposed some of this at the AT&T facility in San Francisco. This is not for foreigners, by the way, this is for targeting US citizens.  If they wanted only foreigners, all they would have to do was look at the transatlantic cables where they surface on the coast of the United States.  But they are not there, they are distributed among the US population. Bernstein: So if, in fact, the Russians were tapping into DNC headquarters, the NSA would absolutely know about it. Binney: Yes, and they would also have trace routes on where they went specifically, in Russia or anywhere else.  If you remember, about three or four years ago, the Chinese hacked into somewhere in the United States and our government came out and confirmed that it was the Chinese who did it, and it came from a specific military facility in Shanghai.  The NSA had these trace route programs embedded by the hundreds across the US and all around the world.

After repeated warnings over the past couple of years, Turkey and Russia have signed a pact to increase use of the ruble and lira in cross-border payments, with Turkey signing on to Russia's alternative to SWIFT, the international telecommunications protocol used by banks and central banks the world over. Though SWIFT is an international cooperative owned by its members, with more than 10,000 banks worldwide relying on its system for handling sizable inter-bank transactions, the safety of the network was brought into question after a series of cyberattacks in 2015 and 2016 resulted in the theft of $101 million from the Central Bank of Bangladesh. For the first time since SWIFT's laucnh, the hacks stoked doubts about the system's safety, and prompted many US rivals, including Russia, to ramp up work on their alternatives to SWIFT.

In addition to Turkey, China and Russia have signed agreements to bolster trade between the two countries, including settling a larger percentage of their bilateral trade in rubles and renminbi. For China, bilateral trade with Russia grew from $69.6 billion in 2016 to $107.1 billion last year. China is Russia's biggest partner for imports and exports. There has also been talk about India joining Russia's SWIFT alternative as Washington continues to threaten New Delhi with sanctions over its decision to purchase Russian-made missile-defense systems. According to Reuters, Russian Finance Minister Anton Siluanov signed the agreement with Ankara on Tuesday. The agreement, signed on Oct. 4, will encourage the two countries to start using Russia's system in mutual settlements.