Russia, China, India Unveil New Gold Trading Network

Deputy Governors of the People’s Bank of China and Bank of Russia sign Memorandum on Gold Trading, Sochi, September 2017. Photo: Bank of Russia

 

One of the most notable events in Russia’s precious metals market calendar is the annual “Russian Bullion Market” conference. Formerly known as the Russian Bullion Awards, this conference, now in its 10th year, took place this year on Friday 24 November in Moscow. Among the speakers lined up, the most notable inclusion was probably Sergey Shvetsov, First Deputy Chairman of Russia’s central bank, the Bank of Russia.

In his speech, Shvetsov provided an update on an important development involving the Russian central bank in the worldwide gold market, and gave further insight into the continued importance of physical gold to the long term economic and strategic interests of the Russian Federation.

Firstly, in his speech Shvetsov confirmed that the BRICS group of countries are now in discussions to establish their own gold trading system. As a reminder, the 5 BRICS countries comprise the Russian Federation, China, India, South Africa and Brazil. Continue reading

MI5 releases new information about Soviet ‘Portland Spy Ring’

 

Files released on Monday by the British government reveal new evidence about one of the most prolific Soviet spy rings that operated in the West after World War II, which became known as the Portland Spy Ring. Some of the members of the Portland Spy Ring were Soviet operatives who, at the time of their arrest, posed as citizens of third countries. All were non-official-cover intelligence officers, or NOCs, as they are known in Western intelligence parlance. Their Soviet —and nowadays Russian— equivalents are known as illegals. NOCs are high-level principal agents or officers of an intelligence agency, who operate without official connection to the authorities of the country that employs them. They often pose as business executives, students, academics, journalists, or non-profit agency workers. Unlike official-cover officers, who are protected by diplomatic immunity, NOCs have no such protection. If arrested by authorities of their host country, they can be tried and convicted for engaging in espionage. Continue reading

The Political Crisis in Germany Changes the Game

 

Merkel faces the worst crisis of her career and many behind the curtain are starting to wonder if she will even survive. The German Federal President Steinmeier could not actually order new elections immediately. The procedure in this regard is quite complicated in Germany. The earliest possible alternative would be to hold new elections come the spring of 2018. It is likely that the AFD is likely to gather even greater support from new elections. Nonetheless, the CDU will continue to support Merkel at least right now. However, the CDU has been severely weakened by the election and if we do not see new elections until the spring, there is a distinct possibility that Merkel’s support even within the CDU could collapse if they see the AfD will win even greater support. Continue reading

What to Expect Once the Iran Nuclear Deal Collapses

 

President Donald Trump is jockeying to end the Iran nuclear deal once and for all, and Iran wants to make us pay.

Add this to North Korea’s constant threats, naval clashes in the South China Sea, and the recent Saudi Purge, and it can be tempting to stuff your money in your mattress or invest in commodities like gold and silver. Continue reading

EU Creates New Defense Pact to Reduce Dependence on US

 

The EU on Nov.13 officially launched a new era in defense cooperation with a program of joint military investment in equipment, research and development, known as permanent structured cooperation, or PESCO. Foreign and defense ministers gathered at a signing ceremony in Brussels to represent 23 EU governments joining the pact, which is to become legally binding when signed by heads of state at EU summit in mid-December. With so many ministers signing, approval seems a given. From now on, the EU will have a more coherent role in tackling international crises, while reducing the reliance on the United States. Continue reading

EU takes step toward joint army

EU foreign and defence ministers in Brussels on Monday (Photo: consilium.europa.eu)

 

The vast majority of EU states have agreed to create what some have called the nucleus of a joint army.

Twenty three out of 28 EU states signed the declaration in Brussels on Monday (13 November), prior to making a legally binding pledge at an EU summit next month.

Britain, Denmark, Ireland, Malta, and Portugal stayed out. Continue reading

German MEP: EU Seeking to Punish Britain to Stop Others Leaving

 

Hans-Olaf Henkel hits out at EU’s ‘illogical, arrogant’ behaviour.

A Member of the European Parliament from Germany, Hans-Olaf Henkel, has hit out at the EU’s hardline negotiation stance on Brexit, telling LBC that “the whole strategy by Barnier is unfair to Britain” and that their approach is geared towards stopping other countries from leaving too. Continue reading

EU takes step towards closer defence cooperation

 

The EU will move towards closer defence ties Monday with more than 20 states signing a landmark pact that aims to boost cooperation after Brexit and counteract Russian pressure.

Similar efforts to deepen military links have been frustrated for decades, partly by Britain’s fierce opposition to anything that might lead to a European army. Continue reading

German Military Considering End of EU

Shutterstock

 

German military strategists are preparing for a possible end to the European Union as we know it.

Documents seen by Der Spiegel show the country’s Armed Forces are contemplating that the EU structure as we know it could be crumbling by 2040.

Continue reading

The Future of Capitalism

When I speak of the future of capitalism, I mean the future of competitive capitalism—a free enterprise capitalism. In a certain sense, every major society is capitalist. Russia has a great deal of capital, but the capital is under the control of governmental officials who are supposedly acting as the agents of the state. That turns capitalism (state capitalism) into a wholly different system than a system under which capital is controlled by individuals in their private capacity as owners and operators of industry. What I want to speak about tonight is the future of private enterprise—of competitive capitalism.

The future of private enterprise capitalism is also the future of a free society. There is no possibility of having a politically free society unless the major part of its economic resources are operated under a capitalistic private enterprise system. Continue reading

Why Authoritarian Rule Is Spreading Across the World

 

China and Russia both have a strongman. Nations in Europe are also getting their own strong leaders. Meanwhile, the United States and Britain continue to recede from the global stage. Bible prophecy forecasts that we are entering into a time when rising powers in Asia and Europe are going to dominate the globe. On today’s Trumpet Daily Radio Show, we discuss the rise of strong leaders around the world and what it means in the framework of Bible prophecy. Continue reading

MAPPED: Catalonia is NOT alone – the regions desperate for independence threatening the EU

The regions wanting more autonomy or independence [Mauldin Economics]

 

CATALONIA’S quest for independence from Spain could spark a domino effect plunging the European Union into crisis as a map reveals the other regions across the continent desperate for autonomy.

Catalonia threw Spain into a constitutional crisis yesterday after declaring independence following a controversial referendum.

But the region is not alone in its hope for independence and the aftershocks of the Catalonia crisis could further splinter the EU with dozens of regions hoping to return to autonomy and fighting their own battle to regain control. Continue reading

Clinton campaign, DNC helped pay for work on dossier about Russia and Trump

 

The dossier has become a lightning rod amid the intensifying investigations into the Trump campaign’s possible connections to Russia.

The Hillary Clinton campaign and the Democratic National Committee (DNC) helped fund research that resulted in a now-famous dossier containing allegations about Donald Trump’s connections to Russia and possible coordination between his campaign and the Kremlin, people familiar with the matter said.

Marc Elias, a lawyer representing the Clinton campaign and the DNC, retained Fusion GPS, a Washington, D.C., firm, to conduct the research. Fusion GPS hired dossier author Christopher Steele, a former British intelligence officer with ties to the FBI and the U.S. intelligence community. Continue reading

Germany’s Delegation To Russia Signals That Merkel Is Looking For New Allies

A delegation of executives from major German corporations recently met with Russian President Vladimir Putin.

Such delegations are not unusual. Sometimes it is routine, sometimes a courtesy. But occasionally, it has significance. In the case of Russia-Germany relations, such meetings are always potentially significant. Continue reading

Anti-establishment billionaire vying to become Czech Republic’s next prime minister

 

The last time an anti-establishment billionaire made waves in pre-election polls, the major media scoffed and wrote it off and it became fodder for late-night talk show hosts.

We all know how that turned out. Continue reading