China declares economic WAR on Britain: Now Beijing imposes killer tax on OUR steel

CHINA has declared economic war on Britain by slapping a hugely punitive tax on high grade steel produced in South Wales.

Beijing has imposed a killer 46% levy on the high tech metal amid accusations that its deliberate over-production of steel is strangling UK production.

Chinese ministers announced the huge tax will be imposed on British exports of sophisticated “grain oriented electrical steel” which is produced in South Wales. Continue reading

Greece Surrenders its Sovereignty to Brussels

The Syriza government is backing down after the realization that Brussels will declare economic war on Greece by deliberately trying to plunge the country into total ruin, far worse than the sanctions imposed on Russia. This is a sad day for the entire world. It is a terrible example that the Troika is the new equivalent of a Roman Triumvirate – the death of democracy. Europeans will remember this day for it is when national sovereignty died. Continue reading

Claims to Western Superiority

ELMAU/MOSCOW (Own report) – On the occasion of the G7 summit in Elmau, Bavaria, German government advisors are discussing the significance of the cohesion among the leading western powers. For quite a while, the G7 and G8 have been a sort of global policy “steering committee,” according to a recent analysis published by the German Council on Foreign Relations (DGAP). For the first time in 2008, the global financial crisis compelled the G8 to include other industrial and emerging countries in global consultations in the framework of the G20. By setting the agenda for the G20, the G7 seeks to safeguard its “leadership role” in global policy. At the same time, in Berlin one hears that Russia’s exclusion cannot be permanently advantageous. Since its exclusion, Moscow has become even more engaged in the BRICS alliance. Commenting on BRICS’ aims, experts write that its members are striving to “pit their collective political clout against the North’s claims of its superiority.” In a few weeks, BRICS will decide on operative steps in establishing a New Development Bank. As an alternative to the World Bank, it should become operational by the end of the year. Steps are also planned to undermine the US Dollar’s hegemony.

Continue reading

Russian-Venezuelan Bank to Start Functioning in 2015 – Envoy

Venezuela’s Ambassador to the Russian Federation Juan Vicente Paredes Torrealba stated that the final document, which will allow the Russian-Venezuelan investment bank to begin operating, will be signed during the session of the Intergovernmental Russian-Venezuelan High-Level Commission in Kazan.

MOSCOW (Sputnik) — The Russian-Venezuelan investment bank will officially begin operating this year, Venezuela’s Ambassador to the Russian Federation Juan Vicente Paredes Torrealba told Sputnik in an exclusive interview. Continue reading

Putin’s Direct Threat: We Are Ready to Crash the Dollar (from Voice of Russia)

We have been saying for years that there is a global economic war underway. We have warned that Putin has long intended to attack America with a particular obsession with the reserve currency status of the United States’ dollar. Now, Voice of Russia states that it is time for the attack on the dollar to commence. This is a departure from the previous message on March 28 which stated:

“Russia is fully in control of the petrodollar and could cause the Dow Jones industrial average to plummet as it has never done before. One can wave the Stars and Stripes as long as one likes, but it’s a fact that the Russians can turn the US economy upside down . . . So far, Moscow has been in no rush to resort to extreme measures. Russia is going to react in a mirror-like way . . .”

Lately, China has led the BRICS efforts to dislodge the dollar from its position as the main global currency, but the “sanctions war” between Washington and Moscow gave an impetus to the long-awaited scheme to launch the petroruble and switch all Russian energy exports away from the US currency . Continue reading

Is Shariah Compliant Finance a Secret Weapon?

Shariah Compliant Funds are among the fastest growing pools of wealth on the planet representing about $1 trillion, not including major Sovereign Wealth Funds that loosely conform to Shariah principles. Even Goldman Sachs has joined the party, offering a $2.2 billion Shariah Compliant bond issue announced last September. The problem is that Iran is the world’s leader in Shariah Compliant investing, representing more than one-third of all Shariah assets. This is a concern in light of the economic war underway between Iran and the West. The second concern is that Shariah funds require mandatory payments that can be problematic.

Full article: Is Shariah Compliant Finance a Secret Weapon? (Global Economic Warfare)

We Are Losing Allies in this Economic War

Having South Korea on the list should send a dire message as to how bad of a situation the United States is in. As each day passes, we’re heading towards what looks like complete destruction of the US dollar and collapse of the economy — and at an exponential rate.

First came the shocking news from South Korea. They are planning to reduce their holdings of U.S. dollars as reserve currency in favor of the Yuan and Chinese equities. From an investment relationship, this sounds prudent but runs very contrary to the once unique relationship we held with South Korea. The fact that the government might prefer Chinese stocks to U.S dollars says a great deal. This is setting the stage for what we have described as Phase Three, a direct attack on the sovereign credit of the United States and the U.S. dollar as global reserve currency. We outlined the plans in detail in our book ( and have covered the issue extensively in previous blog posts. We knew that Iran was turning against the dollar. But South Korea?

We should also note that we are losing favor in the Middle East as well as Asia. The Dubai Police Chief gave an important speech in which he faulted the United States for allying with the Muslim Brotherhood. In response, he used his influence to suggest that the Gulf States turn to China and even Russia. He described a chief threat to Gulf State Security as ECONOMIC in the form of unemployment. This was after he proclaimed U.S. policy the number one threat in the region. And, he shared that China’s economy was a better ally than America. Dubai has been a rock of stability in the region but now considers the United States more of a threat than an ally. He is speaking of economic terms and we are losing the economic war globally.

Full article: We Are Losing Allies in this Economic War (Global Economic Warfare)