China eyes global economic leadership as U.S. turns inward

In this photo taken Wednesday, Nov. 23, 2016, Kenyan laborers and a Chinese foreman work to finish the construction of an existing bridge that goes across a corner of Nairobi National Park in Nairobi, Kenya. A controversial Chinese-built railway project involving an even larger 6km bridge that would go all the way over the beloved protected area in Kenya’s capital has divided conservationists in this East African country. (Photo: Ben Curtis, AP)

 

This year, a 300-mile railway will begin slicing through Kenya, cutting travel time between the capital, Nairobi, and one of East Africa’s largest ports, Mombasa, from 12 to four hours and breeding hopes of an economic and tourism revival in the region.

The country’s most significant transportation project since its independence in 1963 is being built courtesy of China.  China Road and Bridge, a state-owned enterprise, leads construction of the $13.8 billion project, which is financed nearly 100% by the Export-Import Bank of China.

The railroad is one of a host of infrastructure projects China spearheads around the world in an ambitious quest to reinforce its emergence as the world’s next economic superpower while President Trump turns his back on globalization. Continue reading

China’s Xi Jinping Speech Seen as Move to Fill Global Leadership Role

China’s President Xi at the World Economic Forum, in Davos. He portrayed further globalization as a historical trend and outlined China’s contributions that had benefited the rest of the world. PHOTO: LAURENT GILLIERON/AGENCE FRANCE-PRESSE/GETTY IMAGES

 

DAVOS, Switzerland—Chinese President Xi Jinping’s strong defense of globalization at a speech at the World Economic Forum was depicted here as an effort to fill a vacuum being created by the U.S. stepping back from a global leadership role.

Mr. Xi was seen as reacting to growing concerns that the incoming U.S. administration of Donald Trump would shift the world’s largest economy toward protectionism. Continue reading

EU and Switzerland agree on free movement

(Photo: Patrick Nouhailler)

 

The EU approved a new Swiss law on Thursday (22 December) that will allow EU citizens to work in Switzerland, opening the way to solve a two-year crisis.

An EU-Swiss joint committee, where all 28 EU states are represented, said that the law passed last Friday in the Swiss parliament would limit the effect of a 2014 referendum to introduce immigration quotas into the Swiss constitution.

One of the consequences of the referendum would have been to limit the free movement of EU workers to Switzerland, a member of the passport-free Schengen area. Continue reading

Scandinavia – Leader in the War on Cash

The real gem of this article is the last paragraph and its related photo posted below. Espionage, aiding and abetting the enemy by enemies within runs deep in America and has for decades.

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The Scandinavian countries Sweden, Denmark and Norway are regarded as a pioneer in the the effort to eliminate money and move totally electronic. Denmark closed its final Mint outsourced the operation to Finland. This means that there is no coinage in the three states struck anymore. In this war on cash, about 20% of all transactions were settled in Denmark last year with cash. In Germany and Austria, cash transactions accounted for 80%. Scandinavia is pushing hard to eliminate all cash completely to enable 100% efficient tax collecting. Continue reading

Eurozone banks are in DEEP trouble: Wall Street top bankers issue warning to EU

EUROPE’s biggest banks are vulnerable and pose a huge risk to financial stability, according to some of Wall Street’s top bankers.

Financial heavyweights from the US and Switzerland joined forces to sound the alarm over Deutsche Bank and its peers.

Goldman Sachs’ president Gary Cohn hit out at eurozone banks for failing to clean-up their balance sheets after the financial crisis. Continue reading

Minutes to midnight: US cuts bilateral contact with Russia

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Following Russia’s decree to end their joint nuclear deweaponization program with the US, the US State Department announced Monday that Washington has suspended bilateral contact with Moscow.

(VERO BEACH, FL) America has “suspended” bilateral contacts with Russia over the Syrian crisis, the US State Department said.

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Deutsche Bank – The Meltdown Crisis

Most people don’t see a crisis. Out of the minority that does see it, a majority of that doesn’t see it for what it is: Economic warfare between the United States and the EU, mainly Germany.

Germany hit the NSA with a manufactured scandal. America then retaliated with sanctions on Volkswagen. Germany then retaliated through EU channels and began launching hits on Google, Facebook, Microsoft, Apple, etc… and all the other big companies doing business out there — which now leads us to the hit on Deutsche Bank.

To hear the words “Germany” and “instability” today in the same sentence is unheard of and absurd but that’s the world we now live in. Switzerland used to be one of the, if not the most, sound financially nations in the world. Now it’s gutted just as badly as Germany is being gutted. Note that the estimated fines on both Volkswagen and Deutsche Bank eerily mirror what can be found on their balance sheets.

 

Ten of the large hedge funds are withdrawing from Deutsche Bank. What must be understood here is that Deutsche Bank is the main clearing house for trades in Europe. The problem the hedge funds have is where do they move for clearing? Short-term, they can move to New York or London. With over $60 trillion derivative book at the Deutsche Bank, the government is totally incapable of even understanding how to deal with this crisis. We are looking at a major crisis in confidence.

Merkel is simply out of her mind to adhere to this insane policy of a bail-in. How can hedge funds stay with clearing at Deutsche Bank when she takes this position that would set off a catastrophic global meltdown. It still appears that Merkel will have to blink. Once people realize this is the real crisis, then the German debt market should turn down rather hard. Continue reading

Switzerland Orders Israel to Pay $1.1 Billion to Iran

Switzerland’s highest court has ordered Israel to pay Iran around $1.1 billion plus interest in a decades-old dispute over a secretive oil pipeline company predating the 1979 Islamic revolution which made the countries enemies.

The Swiss Federal Tribunal rejected an appeal, citing lack of due process, against an arbitration ruling last year. The verdict, dated June 27, was available on the Lausanne court’s website.

It also awarded Iran 450,000 Swiss francs ($461,302) in court costs and lawyer fees.

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$400 million sent to Iran as U.S. prisoners released, raising questions

WASHINGTON — The Obama administration secretly organized an airlift of $400 million worth of cash to Iran that coincided with the January release of four Americans detained in Tehran, according to U.S. and European officials and congressional staff briefed on the operation afterward.

Wooden pallets stacked with euros, Swiss francs and other currencies were flown into Iran on an unmarked cargo plane, according to these officials. The U.S. procured the money from the central banks of the Netherlands and Switzerland, they said. Continue reading

EU Council Receives Note From Switzerland on EU Membership Withdrawal

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“A letter with the notification on withdrawal of Switzerland’s application for EU membership was received last Wednesday,” the spokesperson told RIA Novosti. Continue reading

Switzerland withdraws application to join EU

Following a vote in the lower house, the government will now tell the EU to “consider [the application] as withdrawn,” Swiss Foreign Minister Didier Burkhalter was quoted as saying by the Neue Zurcher Zeitung, POLITICO wrote. Continue reading

Germany, Migrants and the Big Lie

Caption: Syrian migrants arriving in Munich acknowledge the role of Chancellor Angela Merkel in inviting them into Germany. (Sean Gallup/Getty Images)

 

 

Muslim migrants are flooding Germany with problems. German leaders want to cover it up; German citizens want different leaders

Germans are being lied to by their government. By Angela Merkel, by their police force and even by their media. For most of 2015, many suspected as much. Those suspicions were confirmed in the most dramatic possible way in Cologne on New Year’s Eve.

That night, a mob of around 1,000 migrants gathered outside Cologne’s central train station and began molesting, robbing and even raping passersby. As of January 14, 652 crimes were reported to Cologne police from that evening. Of those, 331 included alleged sexual offenses, including two rapes.

A leaked police report stated that “[w]omen literally had to run the gauntlet through the mass of drunk men, in a way you can’t describe.” One person talked about how he arrived at the station and saw “countless weeping women.” Continue reading

Bayer’s Monsanto bid to create biggest agricultural supplier

German drugs giant Bayer has made a $62bn (£43bn) offer for Monsanto, in a deal that would create the world’s biggest agricultural supplier.

Bayer said the bid was an “extraordinary opportunity to create a global agriculture leader.”

Monsanto is primarily known for genetically modified crops, often leading to vocal activist criticism.

Last week, news of the deal angered Bayer investors, with one describing it as “arrogant empire-building”. Continue reading

China Is Buying the Chicago Stock Exchange. A Dangerous Signal for the Global Economy

Capital flight or capitol fight: Why is so much money fleeing China, and what is the biggest ramification?

An obscure Chinese company is buying the Chicago Stock Exchange. The February 5 announcement stirred a tumult on Capitol Hill. Members of both parties of Congress denounced the takeover, calling for the Treasury Department to investigate the proposed sale.

Yet the founder of the Chongqing Casin Enterprise Group (Casin Group), which is buying the Chicago Exchange, assured regulators that his intentions were purely financial in nature. He planned on keeping the United States management team in place and said he would use information learned from the Chicago Exchange “to help develop financial markets in China over the longer term and to bring exciting Chinese growth companies to U.S. investors.”

So what’s the problem?

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This Looks Like the 2008 Stock Market Crash All Over Again

U.S. markets logged their fifth straight week of gains last week, pushing the Dow and S&P 500 into positive territory for the first time in 2016. But despite those gains, the fears of a stock market crash are still very real.

In fact, Money Morning Capital Wave Strategist Shah Gilani says this rally reminds him of the one that preceded the 2008 stock market crashContinue reading