Exclusive: Iran charts active plans for fighting “Trump’s economic war”

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Tehran is deep in hectic discussions on ways to fight crippling US sanctions – whether by terror or fast-tracked nuclear development, DEBKAfile’s exclusive military and intelligence sources reveal. Continue reading

How New Silk Roads Are Shaping Southwest Asia

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The tall buildings of Abu Dhabi. Business people in the United Arab Emirates and other parts of the Middle East are thinking about being part of the Belt and Road scheme. Image: iStock

 

Businesses in the Middle East have begun to think ‘Make trade not war’ and being part of China’s Belt and Road scheme

Singapore, aiming high for the status of Asia’s unofficial capital, seems like the ideal venue for a conference to discuss how the Middle East could learn a few lessons from ASEAN’s multi-layered relations with China, especially involving partnership in the New Silk Roads, or Belt and Road Initiative (BRI).

But first, let’s get things straight. The “Middle East” is, of course, a Eurocentric, Orientalist denomination. From Asia’s – and China’s – cultural and geographical point of view, the “Middle East” is correctly seen as Southwest Asia. Continue reading

Erdogan Says Venezuelan Gold Will Be Processed In Turkey

 

Turkey’s President Recep Tayyip Erdoğan said on Tuesday that Venezuelan gold would be processed in the Central Anatolian province of Çorum.

Speaking at a rally ahead of local elections on March 31, the president said Çorum would reach a new level in terms of gold trade amid reports that Venezuela sells most of its gold to Turkish refineries. Continue reading

Australia: One Foot in Asia v the West

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QUESTION: Hello Martin Armstrong,

Australia seems to have one foot in the West and one in the East. With the fall of the Western economies and then the rise of Asian economies, how does that affect the Australian economy? Does the real estate bubble collapse the Aussie economies and then the rise of China creates the opportunity to rebuild the economy after 2032?
Thanks for all the work you do. Continue reading

The Power of the Pipes

BERLIN/MOSCOW/BEIJING (Own report) – The privileged German-European access to Russian natural gas could be lost, is the warning, as the battle over the “Nord Stream 2” pipeline persists. According to a recent analysis published by Oxford University, western sanctions, imposed on Russia in 2014, have encouraged Moscow to seek alternative markets for its resources. China, in particular, plans to purchase large amounts of Russian natural gas. The first pipeline is scheduled to go into operation this year. A second pipeline – tapping the fields currently supplying gas exclusively to Europe – is in planning. The same applies to new Russian liquefied gas projects. In the future, “European customers” will most likely have to compete in Russia with “Asian customers,” the Oxford University analysis predicts. Instead of forcing Moscow to its knees, the sanctions could put an end to Berlin’s privileged access to Russian natural gas and if the “Nord Stream 2” fails, it could further worsen the EU’s position.

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Three Blocs

BERLIN (Own report) – The German government is proposing a new industrial strategy to shield German companies from takeovers by foreign corporations, while facilitating mergers of large German and EU corporations. The “National Industrial Strategy 2030” presented yesterday, by Germany’s Minister of the Economy Peter Altmaier intends to enable the German industry to prevail in global competition against Chinese, as well as, US corporations. So-called “national” or “European champions” are needed, even if they do not comply with current anti-trust regulations. This has been a proposal in Berlin for quite awhile. Measures are needed “to secure” or “regain Germany’s and the European Union’s economic and technological leadership.” This is also in response to a protectionist race to reindustrialize the USA and the EU, which was launched under Barack Obama and is now being accelerated by the Trump administration.

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Leaked Wikileaks Doc reveals US Military use of IMF, World Bank as “unconventional” weapons

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WASHINGTON – In a leaked military manual on “unconventional warfare” recently highlighted by WikiLeaks, the U.S. Army states that major global financial institutions — such as the World Bank, International Monetary Fund (IMF), and the Organization for Economic Cooperation and Development (OECD) — are used as unconventional, financial “weapons in times of conflict up to and including large-scale general war,” as well as in leveraging “the policies and cooperation of state governments.”

The document, officially titled “Field Manual (FM) 3-05.130, Army Special Operations Forces Unconventional Warfare” and originally written in September 2008, was recently highlighted by WikiLeaks on Twitter in light of recent events in Venezuela as well as the years-long, U.S.-led economic siege of that country through sanctions and other means of economic warfare. Though the document has generated new interest in recent days, it had originally been released by WikiLeaks in December 2008 and has been described as the military’s “regime change handbook.” Continue reading

De-Dollarization Accelerates: Iran Unveils Gold-Backed Cryptocurrency

 

Four banks in the Islamic Republic of Iran have developed a gold-backedcryptocurrency called PayMon, financial news website Financial Tribune reported on Jan. 30.

According to the article, the crypto asset has been developed in cooperation with the Parsian Bank, the Bank Pasargad, Bank Melli Iran and Bank Mellat. Iran Fara Bourse, an over-the-counter (OTC) cryptocurrency exchange, will reportedly list the new cryptocurrency. Continue reading

Huawei Is Being Targeted Because Of The “Tech Arms Race”, Not The “Trade War”

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Acting U.S. Attorney General Matthew Whitaker answers questions from reporters as he stands in front of Commerce Secretary Wilbur Ross, right, at the Justice Department in Washington on Jan. 28.

 

Huawei is the only company capable of competing with Apple, and it’s also the global leader in the 5G technology that’s expected to take the “Fourth Industrial Revolution” to its next phase. The US fears losing its global monopoly on the internet in general and wireless technologies in particular, especially in what it had previously regarded as its lucrative “captive markets” in the West, so it has an incentive to fearmonger about Huawei’s intentions in order to deter others from doing business with them. It also shouldn’t be seen as coincidental that American ally Poland recently cracked down against an alleged Huawei conspiracy as well, since this sends a trans-Atlantic signal of what the US is after. Continue reading

Intelligence Network against China

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BERLIN/TOKYO (Own report) – In Tokyo today, German Chancellor Angela Merkel will conclude a statement of principles on intelligence service cooperation with Japan more closely linking Germany to espionage structures directed against China. According to reports, the agreement will initially regulate the exchange of intelligence information, along the lines of similar agreements Japan has concluded also with the USA, Australia, India, and NATO. Berlin and Tokyo are thereby drawing closer to the US-led “Five Eyes” intelligence network, which launched an international campaign against Beijing last summer. As the Western campaign against China gains momentum, the German government, together with Japan, is also seeking to make a stand against the USA, staking its claim to an independent global policy. Therefore, Berlin is taking joint action, not only with Japan, but with Beijing as well against the Trump administration’s punitive tariffs, as Norbert Röttgen, CDU foreign policy maker explained.

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The Size of Corporate Debt One Rung Above Junk Has Never Been Greater, Warns Louis Gave

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Louis Gave at Gavekal Research says the greatest source of potential instability in the years ahead lies with the massive growth of the U.S. corporate debt market, particularly at the BBB-rated (near junk) level. Continue reading

IoT, 5G, 4th Industrial Revolution Set to Bring Us the ‘Connected Cow’

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(Photo Credit: Successful Farming)

 

Much like the 3rd Industrial Revolution that came with the digital computer, breakthroughs will come at a break-neck pace.

As TruNews has frequently reported over the last couple of years, the world is now entering the 4th Industrial Revolution. Continue reading

The Core of Europe

BERLIN (Own report) – In view of the growing rivalry with China, business officials and foreign policy makers in Germany are warning against the performance of EU critical forces in the European elections in May. “Alone, no individual European country” could “play a major role” in the global competition, says Eric Schweitzer, President of the German Chambers of Industry and Commerce (DIHK). German companies need the EU’s single market, the “core of Europe,” as an economic foundation, to assert themselves on a global level against companies from the People’s Republic of China and the USA. Should EU critical “populists” – regardless of their political orientation – obtain more influence in the European Parliament, “the future of the German economy” would also be at risk, according to DIHK Chief Executive Martin Wansleben. Dieter Kempf, President of the Federation of German Industries (BDI) is pleading for business representatives to commit themselves “audibly in favor of an open Europe.” At the same time, German businesses are openly demanding that their interests be imposed within the EU – a main reason for the growth of influence of “populists” in other EU member countries.

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Venezuela Has 20 Tons of Gold Ready to Ship. Address Unknown

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Venezuela Has 20 Tons of Gold Ready to Ship. Address Unknown (Yahoo!)

 

(Bloomberg) — Venezuelan lawmaker Jose Guerra dropped a bombshell on Twitter Tuesday: The Russian Boeing 777 that had landed in Caracas the day before was there to spirit away 20 tons of gold from the vaults of the country’s central bank.

The claim set off a welter of social media speculation and outrage. When asked how he knew this, Guerra provided no evidence. Continue reading

Robert Rapier on the End of OPEC and Rise of Electric Vehicles

In a recent interview with Financial Sense’s Jim Puplava, energy expert Robert Rapier explained why he thinks OPEC (the Organization of Petroleum Exporting Countries) is headed for trouble and what the increased popularity of electric vehicles will do to oil markets. It’s only a matter of time before the markets are hit by the wave of newer cleaner energy. Rapier walked us through what this could look like for OPEC and how other countries and companies are tackling the issue. Continue reading