Venezuela Publishes Oil Prices in Chinese Yuan, Snubbing the ‘Tyranny of the Dollar’

 

Could this trend lead to the erosion of the dollar’s reserve-currency status?

On September 15, Venezuela began to publish prices for its oil in the Chinese yuan rather than in United States dollars, following President Nicolás Maduro’s promise earlier in the month to rid the South American country’s economy of the “tyranny of the dollar.” News emerged on September 13 that Venezuela was telling oil traders that it will stop receiving or sending payments in dollars.

The Venezuelan Oil Ministry published a statement about the decision to publish prices in yuan, saying, “This format is the result of the announcement made on September 7 by the president [Maduro] … that Venezuela will implement new strategies to free the country from the tyranny of the dollar.”

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EU will make sure Brexit deal is NEGATIVE for Britain – ex-German envoy’s shock admission

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Thomas Matussek said Britain would not gain from leaving the European Union [GETTY•DW NEWS]

A GERMAN diplomat lambasted ‘hard’ Brexiteers who think Britain can gain from leaving the European Union, saying Brussels will make sure the move is negative.

Thomas Matussek, former German Ambassador to the UK, said the Brexit divorce bill would be “considerable” and transitional period “long”.

Speaking on the Today programme, on BBC Radio 4, Mr Matussek said any positives for the UK on leaving the bloc would “encourage other” member states rot follow Britain out. Continue reading

Britain’s Armed Forces ‘Being Hollowed Out’ by Government Cuts

 

Those who protect us deserve better.

The Royal Navy is a laughing stock that can no longer properly protect the British people due to savage government cutbacks, military sources have revealed.

13 of the Navy’s 19-strong fleet of Type 23 frigates and Type 45 destroyers are unable to go to sea due to a lack of manpower, fuel and supplies. Continue reading

Juncker calls for united EU under one leader

Juncker wants a single EU president who campaigns in the 2019 elections (Photo: European Commission)

 

European Commission chief Jean-Claude Juncker outlined his post-Brexit vision for a confident EU in his state of the union address on Wednesday (14 September), speaking of a Europe that has bounced back from the economic downturn and regained the political ground from populists and eurosceptics.

Juncker, in his second to last state of the union speech, has argued for a more united and effective EU that is based on freedom, equality and the rule of law, and signalled that he wants all EU countries to become full eurozone and Schengen area members by 2019 – except those with opt-outs. Continue reading

China’s New Gold-Backed Oil Benchmark to Deal Blow to U.S. Dollar

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New financial instrument gives oil-exporting nations their long-sought alternative to the petrodollar.

China will soon introduce a crude oil futures contract denominated in yuan and convertible into gold, the Nikkei Asian Review reported on September 1. Analysts say that since China is the world’s largest oil importer, the move could deal a major blow to the global influence of the United States dollar.

The contract would allow oil exporting nations such as Russia, Iran and Venezuela to conduct sales in yuan, instead of in U.S. dollars, and to then change the yuan into gold on both the Hong Kong and Shanghai exchanges. This would also allow these countries that often fall afoul of American foreign policy to circumvent dollar-based U.S. sanctions.

The Chinese government has been developing the gold-backed futures contract for years, and Oilprice.com reports that it is expected to launch this year. It will be China’s first commodities futures contract available to foreign entities, and analysts expect many oil-exporting nations and firms to find it appealing. Continue reading

America’s Weapons: “The Dollar and the Drone”

 

It was said that “the guinea and the gallows” were the true instruments of British imperial power.

The guinea represented the coined wealth of Great Britain.

The gallows represented its… constabulary zeal in policing restless natives.

This is the 21st century of course… a time of enlightenment.

Today’s instruments of imperial power are no longer the guinea and the gallows.

No. Today’s instruments of imperial power are “the dollar and the drone.” Continue reading

‘EU Army is Dangerous and Must be Stopped’, MP Warns

 

Britain will be the first of many nations to leave the EU, Daniel Kawczynski MP tells Westmonster.

The EU Army is dangerous, will be ‘a disaster’ and must be stopped from coming to fruition, Tory MP Daniel Kawczynski told Westmonster.

In a no holds barred interview, Kawczynski said he is absolutely certain Britain will be the first of many countries to leave the EU and added that he knows Eastern European nations are getting sick and tired of Brussels meddling in their domestic affairs. Continue reading

Gibraltar Seeks to Cement Ties with UK After Brexit

Photo courtesy of Westmonster

 

Chief Minister Fabian Picardo stressing importance of bond between Britain and Gib.

Gibraltar’s Chief Minister, Fabian Picardo, has called for Gibraltar’s ties to Britain to be “cemented” after we leave the EU in March 2019. Continue reading

Massive Russian, NATO Wargames Set To Begin Amid Mutual Accusations Of Provocation

Zapad 2017 preparations

 

As the two old, cold war adversaries, Russia and NATO, prepare to begin massive war games to show off their respective military strengths, it was the UK’s turn to accuse Russia first of “testing the West” by conducting war games on NATO’s eastern flank in its biggest military exercise in four years. Speaking on BBC’s “The Andrew Marr Show” on Sunday, U.K. Defense Secretary Michael Fallon said that Russia’s exercise “is designed to provoke us, it’s designed to test our defensesand that’s why we have to be strong. Russia is testing us and testing us now at every opportunity. We’re seeing a more aggressive Russia. We have to deal with that.”

In a testament to our hyperbolic times, Fallon’s statement also contained just a “little bit” of fake news: while Fallon said that more than 100,000 Russian and Belorussian troops are at the borders of North Atlantic Treaty Organization members, Russian Deputy Defense Minister Alexander Fomin said last month that the so-called Zapad 2017 exercise Sept. 14-20 involves 13,000 troopsand that the drills are “purely of a defensive nature” according to Bloomberg. Continue reading

World’s Largest Car Market Turns to Electric Vehicles

 

China is preparing to announce the date from which internal combustion engine car sales will be banned, joining Norway, France, and the UK, among others, that have declared a complete shift to electric vehicles. Continue reading

China Makes It Easy

If Japan wanted to go nuclear, it could do so within three months time or less.

 

 

Steve Bannon is right.  China is the main event, North Korea is a sideshow. Nevertheless, one of the poorest nations on the planet has decided that its heart’s desire is to have a weapon system that can land one or more nuclear weapons on U.S. cities. Sometimes you are best served by ignoring the absurdity of the situation and concentrate on intent, because people crazy enough to put a lot of effort into something they don’t need might, on a whim or a mood swing, decide one day to use it. Continue reading

Dear President Trump: America is in for a Rude Awakening in January

 

Over the last couple of years I’ve been all over TV… from Fox News to CNBC, CNN and Bloomberg. I’ve been telling our fellow Americans that the financial global elite was planning to issue their own globalist currency called special drawing rights, or SDRs.

And that those elites would use this new currency to replace the U.S. dollar as the global reserve currency.

I’m sure some people in the mainstream media thought I was out of line — but the United Nations and the International Monetary Fund (IMF) have both confirmed this plan to replace the U.S. dollar is real. I’ve made this warning many times, but it seems to be falling on deaf ears. That’s why I’m writing directly to you.

Here’s the proof that the U.S. dollar is under attack, right in front of our eyes:

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143 Million Affected in Hack of U.S. Credit Agency

A major American credit reporting agency entrusted to safeguard personal financial information said Thursday hackers looted its system in a colossal breach that could affect nearly half the US population as well as people in Britain and Canada.

Equifax said that a hack it learned about on July 29 had the potential to affect 143 million US customers, and involved some data for British and Canadian residents.

The Atlanta-based company disclosed the breach in a release that did not explain why it waited more than a month to warn those affected about a risk of identity theft. Continue reading

The Tesla Shock

BERLIN (Own report) – Decisive sectors of the German elite are holding onto diesel technology, causing the automobile industry to fall significantly behind its foreign competitors, according to US and British observers, who see the German automobile industry soon confronting a “Tesla shock.” Whereas, the demand for US electric automobiles is rapidly growing, in the long run, the demand for German diesel models is significantly sinking. In fact, the German government has been shielding German companies from innovation pressure, by imposing their interests, even abroad. Berlin has not only applied the brakes to the introduction of the EU’s CO2 emission limits, but also to China’s setting electric automobile quotas, to reduce pollutant emissions. In the current diesel scandal, Berlin continues to maintain its policy course.

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US troops in Syria battle anti-Assad rebels once funded by the CIA

 

American troops deployed in Syria have exchanged fire with rebels that were until recently supported by the United States Central Intelligence Agency. In 2013, soon after the outbreak of the Syrian Civil War, the then-US President Barack Obama instructed the Central Intelligence Agency to provide covert support to fighters in Syria. Acting on the president’s directive, the CIA promptly joined forces with spy agencies from Britain, France, Saudi Arabia and the United Arab Emirates, to assist fighters affiliated with the Free Syrian Army. At that time, Washington saw the Free Syrian Army and forces affiliated with it as ideologically moderate. It also agreed with the group’s main aim, which was to topple the regime of Syrian President Bashar al-Assad. Continue reading