Australia looks set to follow in the footsteps of Venezuela and India by abolishing the country’s highest-denomination banknote in a bid to crack down on the “black economy”.
Speaking to ABC radio on Wednesday, Revenue and Financial Services Minister Kelly O’Dwyer flagged a review of the $100 note and cash payments over certain limits as the government looks to recoup billions in unpaid tax.Continue reading →
Anyone who doesn’t see the danger from these credible warnings straight from the Chinese regime itself is definitely not awake. Sadly, such is the current state of America where shopping until you drop is the number one priority.
Note: Due to the the article being highly recommended for anyone to read so that it raises awareness, it will remained archived here in full.
Ever since Richard Nixon opened relations with Communist China in 1972, Chinese intentions have been a matter of incessant and often fevered speculation in this country.
In particular, national security and regional experts, non-governmental organizations and office-holders alike, have endlessly debated whether the People’s Republic of China could be brought into a U.S.-dominated international order and world economy in a manner consistent with American interests and, better yet, as a partner in opposition to mutual adversaries (e.g., the Soviet Union, North Korea, and the global jihad movement). Continue reading →
The OPEC meeting is only a week away, but the chances of a positive result are as remote as ever. Rising oil prices, the heightened rivalry between Saudi Arabia and Iran, and Saudi Arabia’s willingness to go it alone will make a deal all but impossible.
First of all, Iran is not in a cooperative mood. According to the IEA, Iran has managed to boost oil production to 3.56 million barrels per day in April, its highest level since November 2011. Oil exports also jumped 600,000 barrels per day to 2 million barrels per day. Importantly, Iran’s output now stands at pre-sanctions levels, a key threshold that the Iranian government says it needs to reach before it would consider any cooperation on production limits with OPEC. However, Iran thus far does not see it that way, insisting that it still has more ground to make up. Continue reading →
Some of the richest, smartest and most powerful humans have an important message for the rest of us as they convened this week to discuss pressing global issues: the robots are coming.
“Most of the benefits we see from automation is about higher quality and fewer errors, but in many cases it does reduce labor,” Michael Chui, a partner at the McKinsey Global Institute, said on Tuesday during a panel on “Is Any Job Truly Safe?”
Iranian and European officials say that they are pushing the United States to grant the Islamic Republic unprecedented access to American financial markets and the U.S. dollar, working against promises by top Obama administration officials who had claimed Iran would never be granted such access, according to recent remarks.
Iranian Foreign Minister Javad Zarif, speaking at a joint press conference this weekend with European Union foreign policy chief Federica Mogherini, said that officials are pressuring the U.S. to grant Iran access to American markets.
“Iran and the EU will put pressure on the United States to facilitate the cooperation of non-American banks with Iran,” Zarif was quoted as saying at a briefing with reporters and Mogherini. Continue reading →
On the plus side, Israel’s position in the Middle East has improved, despite the chaos that has overtaken the region since the so-called “Arab Spring” of 2011. Not only is Israel militarily stronger, but due to the threats from Iran and Islamic State, Israel’s relations with its Sunni Arab neighbors have undergone a dramatic transformation, as those countries realize that Israel can be an important asset. Thus far this rapprochement has been largely behind the scenes, but no less marked because of that. Continue reading →
The letter in full will remain here as it’s not a ‘news article’, rather a letter to the public.
Alexis Tsipras’ “open letter” to German citizens published on Jan.13 in Handelsblatt, a leading German language business newspaper
Most of you, dear Handesblatt readers, will have formed a preconception of what this article is about before you actually read it. I am imploring you not to succumb to such preconceptions. Prejudice was never a good guide, especially during periods when an economic crisis reinforces stereotypes and breeds biggotry, nationalism, even violence.
In 2010, the Greek state ceased to be able to service its debt. Unfortunately, European officials decided to pretend that this problem could be overcome by means of the largest loan in history on condition of fiscal austerity that would, with mathematical precision, shrink the national income from which both new and old loans must be paid. An insolvency problem was thus dealt with as if it were a case of illiquidity.
Political correctness was invented by Marxists to destroy Western society from inside…. And in Russia, there is no political correctness at all! The reason is that Marxists do not need to undermine the Russian society from the inside, because it is already Marxist.
– Konstantin Preobrazhensky, “How the West Was Fooled by Vladimir Putin”
Then there is Russia’s military potential. With regard to major opponents, the West seriously underestimated its enemies twice during the last century: first in 1939 when the Allies believed they had boxed in Nazi Germany with their “guarantee” to Poland; and again, with sanctions on Japan in 1941. In the first instance Germany smashed Poland and crushed France. In the second instance, Japan destroyed the American fleet at Pearl Harbor, defeated the U.S. forces in the Philippines and captured the British forces in Singapore.
Some may argue that Russians are not as capable as Germans and Japanese. After all, Russia is a backward country; the Russian economy stinks; Russian equipment is obsolete and their people are demoralized. Even more egregious, Russian commanders are political stooges. But wait! Russia put the first man into space. Russia launched the first satellite. Russia built the first operational version of the hydrogen bomb. Let’s not make the mistake of underestimating Russia.
“The idea that the Fed might get behind the curve is a powerful one, and that’s certainly been the history of the institution. People are right to worry about that,” St. Louis Fed President James Bullard told the Journal. Continue reading →
The federal government has seized a record $360 million from household bank accounts that have been dormant for just three years, prompting outrage in some quarters amid complaints that pensioners and retirees have lost deposits.
Figures from the Australian Security and Investments Commission (ASIC) show almost $360 million was collected from 80,000 inactive accounts in the year to May under new rules introduced by Labor. Continue reading →
Syria holds the key to peace, a new chapter in history and the dawn of a new age. Without oil being traded in Dollars, the US will collapse back into the stone age. With an attack on Syria the US might also collapse, should for example, a host of other nations (i.e. BRIC nations) retaliate by dropping the Dollar. This article highlights exactly what hangs in the balance and why Syria is the focus.
Syria is also only a stepping stone into Iran as it was already pre-planned to invade seven countries in five years. This was highlighted by then-General Wesley Clark in the video below. However, Iran might take the iniative by skipping that step and might set the entire Middle East on fire should Syria be attacked.
Syria is about the last gasp for the Petro-Dollar, the emergence of energy pipeline geopolitics, the rise of the NatGas Co-op, the new dominance of Russian Gazprom, the eclipse of OPEC, the fall of the house of Saud, and a grand adjustment process in global commerce and banking.
The NatGas Co-op eclipses OPEC and ushers in a new era.
Refer to trade settlement outside the USDollar and diversification away from USTreasury Bond reserves management. It took some time to realize it, but the Cyprus bank incident was a misdirected attack against Gazprom. It failed. The entire Arab Spring movement, an ambitious disruptive project waged with foolhardy ambitions, has turned on itself. Egypt fell, its US puppet discharged. The entire North African region will be in flames soon. The USGovt interfered with a grand industrialization project for European industry, to be placed on North Africa intended to take advantage of cheaper labor, available minerals, nearby resources, and easy shipping. The resentment of Europe will show up in the future. The Middle East and Persian Gulf region is shifting its salute to Russia & China, as the noisy sectarian battles have been a common fixture since long ago. Bahrain has erupted. Saudi is clamping down and converting into an Islamic police state to create the Iran-Saudi repressive bobsey twins. Chaos is the longstanding objective of the USGovt in foreign policy infection, no change in decades.
Syria is about a lot of things, most of which are volatile, many unsolvable. To be sure, the naval port of Tartus is valuable for the Russian Military, always eager to wrest a seaport. Like Lebanon, Syria is a hotbed stronghold for HezBollah, never to be taken lightly. They are mortal enemies to Israel, whose nations have exchanged covert violence for years. Syria might have tight relations with the Shiites of Iran, even some in Iraq. However, Syria represents the crossroads of many important shifting geopolitical roadways that pertain to the global financial structure and commercial systems. Syria is the tipping point for a Grand Global Paradigm Shift.It is the last stand for the Anglo Banker world. Syria will not go easily into the Russian camp, into the Gazprom fold, into the European energy market sphere. For if it does, the entire USDollar system of commerce and the USTreasury Bond system of reserves management will fall by the wayside and open a new era with Eastern dominance. But the Western powers cannot stop it. Clouds of whatever type do not halt pipeline flow, nor pipeline geopolitics.Continue reading →