The United States is currently waging economic warfare against one tenth of the world’s countries with cumulative population of nearly 2 billion people and combined gross domestic product (GDP) of more than $15 trillion.
These include Russia, Iran, Venezuela, Cuba, Sudan, Zimbabwe, Myanmar, the Democratic Republic of Congo, North Korea and others on which Washington has imposed sanctions over the years, but also countries like China, Pakistan and Turkey which are not under full sanctions but rather targets of other punitive economic measures.
In addition, thousands of individuals from scores of countries are included in the Treasury Department’s list of Specially Designated Nationals who are effectively blocked from the U.S.-dominated global financial system. Many of those designated are either part of or closely linked to their countries’ leadership…
But in recent months it seems that America’s unwavering commitment to fight all of the world’s scourges has brought all those governments and the wealthy individuals who support them to a critical mass, joining forces to create a parallel financial system which would be out of reach of America’s long arm. Should they succeed, the impact on America’s global posture would be transformational.
– From the recent article: The Anti-Dollar Awakening Could Be Ruder and Sooner Than Most Economists Predict
The peak of American empire has already come and gone, a reality not yet widely appreciated due to the continued dominance of the global financial system by the U.S. dollar, still the world’s preeminent reserve currency. U.S. leaders have always used the USD as a weapon, but it’s only in recent years that geopolitical rivals and long-standing allies alike have started to come to an increasingly vocal understanding that the unipolar role played by the U.S. in the world’s centralized financial system is well past its expiration date. Continue reading
This would be the first tangible sign of Berlin breaking away from Washington.
In a move meant to “strengthen European autonomy” in the wake of the U.S. walking away from the 2015 Joint Comprehensive Plan of Action nuclear deal with Iran and its opposition to the Nord Stream 2 pipeline project, Germany’s government is seeking an end to the dollar’s dominance as a global exchange currency.
In 1869, a 48-year old Jewish immigrant from the tiny village of Trappstadt in Germany’s Bavaria region hung a shingle outside of his small office in lower Manhattan to officially launch his new business.
His name was Marcus Goldman, and the business he started, what’s now known as Goldman Sachs, has become the preeminent investment bank in the world with nearly $1 trillion in assets.
They didn’t get there by winning any popularity contests.
Goldman Sachs has been at the heart of nearly every major banking scandal in recent history.
Airbus, the French-based firm, is preparing to make a new fighter jet as the EU rolls out its defence integration project.
Fernando Alonso, the head of the firm’s military branch, told Handelsblatt, a German newspaper, that Germany and Spain have already signed up for the project and that he hoped France would also come on board.
“We are working on various building blocks in Germany and Spain, some of the financing comes from the governments, we hope for more,” he said. Continue reading
If America unleashes a trade war starting with BMW, Germany is prepared to fight back.
Senior German politicians have threatened to unleash a trade war on the United States if President Donald Trump follows through his threats to German industry.
President Donald Trump famously threatened to put a 35 percent tax on the German car manufacturer BMW in an interview published by the Times of London and Bild on January 15. German politicians were quick to respond. The next day, German public broadcaster ZDF asked German Finance Minister Wolfgang Schäuble if the world is entering a time of more protectionism. Schäuble said he hoped not but also pointed out one way Germany could hit back.
“I also want to point out that currently American companies don’t have to tax their gains which they make outside of the U.S.,” he said. “That means that hundreds of billions of untaxed gains, of great American companies, rest in a tax oasis” (Trumpet translation throughout). Continue reading
Deutsche Bank’s war of words with the ECB is not new: it was first unveiled in February when, as we wrote at the time “A Wounded Deutsche Bank Lashed Out At Central Bankers: Stop Easing, You Are Crushing Us.” Europe’s largest bank, with the massive derivatives book, then upped the ante several months later in June, when its chief economist Folkerts-Landau launched a shocking anti-ECB rant in which it warned of social unrest and another Great Depression.
Ironically, these infamous diatribes hurt more than helped: telegraphing to the market just how hurt DB was as a result of the ECB’s monetary policy, the market punished its stock, which has been recently trading within spitting distance of all time lows, in effect making Deutsche Bank’s life even harder as it now has to contend not only with its own internal profitability problems, but also has to maintain a market-facing facade that all is well. So far, it has not worked out very well, prompting numerous comparisons to another infamous bank. Continue reading
350,000 soldiers, 20,000 tanks, 2,450 warplanes and 460 mlitary helicopters is not a war drill. It’s the real deal. It would be great if this assessment was wrong, but amassing this insane of an amount can’t be for any normal drill. Historically, war season begins from March and ends in August, which makes this interesting to say the least as the 18 days of exercises spreads into the beginning month. Moreover, this isn’t all about Syria. It’s also about taking Iran out, Saudi Arabia’s enemy, who seeks to dominate the Middle East
What makes this even more dangerous is Pakistan’s involvement. They are a nuclear power who recently in January overtly threatened to wipe Iran off the map should harm come to Saudi Arabia. China has taken the side of Syria and should it get involved expect a Pakistani-Chinese exchange and even a possible strike from India on China. This whole event in the making would just open Pandora’s Box and many scenarios could unfold.
For anyone in the U.S. who thinks this will be “over there”, think again. Stockpile food now because the fallout would crash the markets and even spark terrorist attacks from thousands of sleeper cells on the American homeland due to western involvement.
If you think World War III is a joke or out of a question, then you really need to make a personal assessment. The facts are all there and everything is in motion to make it happen. Where this all currently leads, we can only watch and see.
350,000 soldiers, 20,000 tanks, 2,450 warplanes and 460 military helicopters are massing in northern Saudi Arabia for a military exercise that is being called “Northern Thunder”. According to the official announcement, forces are being contributed by Saudi Arabia, the United Arab Emirates, Egypt, Jordan, Bahrain, Sudan, Kuwait, Morocco, Pakistan, Tunisia, Oman, Qatar, Malaysia and several other nations. This exercise will reportedly last for 18 days, and during that time the airspace over northern Saudi Arabia will be closed to air traffic. This will be the largest military exercise in the history of the region, and it comes amid rumors that Saudi Arabia and Turkey are preparing for a massive ground invasion of Syria.
If you were going to gather forces for an invasion, this is precisely how you would do it. Governments never come out and publicly admit that forces are moving into position for an invasion ahead of time, so “military exercises” are a common excuse that gets used for this sort of thing. Continue reading
If you’re wondering where the Saudis are getting their courage, it likely isn’t US or NATO backing, but Pakistan. Pakistan just this January threatened to wipe Iran or any other nation off the map with nuclear weapons if any harm should come to Saudi Arabia. Saudi Arabia is fed up with the US and has sought help elsewhere, even created its own islamic NATO.
“It’s a joke. We couldn’t wish [for] more than that. If they can do it, then let them do it — but talking militarily, this is not easy for a country already facing defeat in another war, in Yemen, where after almost one year they have failed in achieving any real victory.”
That’s what one source in the Iranian military had to say about reports that Saudi Arabia is preparing to send ground troops into Syria.
We’ve documented the cash ban calls on a number of occasions including, most recently, those that emanated from DNB, Norway’s largest bank where executive Trond Bentestuen said that although “there is approximately 50 billion kroner in circulation, the Norges Bank can only account for 40 percent of its use.”
That, Bentestuen figures, “means that 60 percent of money usage is outside of any control.” “We believe,” he continues, “that is due to under-the-table money and laundering.”
DNB goes on to say that after identifying “many dangers and disadvantages” associated with cash, the bank has “concluded that it should be phased out.” Continue reading
(TRUNEWS) The push for a cashless society has begun to gain steam around the globe, with nearly every major nation taking strides to adopt digital currencies, centrally governed cash controls and incentivize cashless transactions.
A Bloomberg Op-Ed published on January 31st called for the end of paper currencies, touting that “cash had a pretty good run for 4,000 years or so,” but was “dirty, dangerous, unwieldy and expensive, antiquated and so very analog.”
Now though each of these reasons all have some merit of truth behind them, such as paper currency serving as a vector for disease, incentivizing physical robberies, and complicating P2P long distance transactions, the existence of physical legal tender has an equal set of priceless characteristics.
In the Book of Revelation, God forewarned his people through the Apostle John, that during the Tribulation period the global system will be dictatorially ruled by a single political authority, known as the antichrist. In Chapter 13 verses 16-17 the antichrist’s control over the economy is described as absolute: “He also forced everyone, small and great, rich and poor, free and slave, to receive a mark on his right hand or on his forehead, so that no one could buy or sell unless he had the mark, which is the name of the beast or the number of his name.” Cashless technology and centralized restrictions of transactions fit this warning. Continue reading
Germany which already has a few no-go zones of its own in cities has now allowed a parallel financial industry within the gates, leaving themselves open to economic warfare within the homeland.
The report posted on the website of the Handelsblatt newspaper and to be published in the Monday edition of the daily said the German regulator, Bafin, was about to grant the license to the Kuveyt Turk Bank AG.
The bank operates under guidelines that conform with Sharia law, meaning that it does not get involved in speculative ventures or investments, or those that do not comply with the teachings of the Koran. 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.
One shouldn’t be shocked to see Communist leaders doing Communist things.
Ten days ago, before the smashing success of Greece’s anti-austerity party, Syriza, we noted that Russia gave Greece a modest proposal: turn your back on Europe, whom you despise so much anyway, and we will assist your farmers by lifting the food import ban. And, sure enough, Greece’s new premier Tsipras did hint with his initial actions that Greece may indeed pivot quite aggressively away from Europe and toward Russia in general and the Eurasian Economic Union in particular (as a tangent recall “Russia’s “Startling” Proposal To Europe: Dump The US, Join The Eurasian Economic Union“). Continue reading
German Chancellor Angela Merkel and French President François Hollande want to install a government for the Eurozone. This could change the EU’s structure, according to the press in both countries, but only if the leaders’ understanding is sustainable.
Angela Merkel and François Hollande have made up. The “Franco-German contribution,” announced on May 30, shows that the German Chancellor now supports the French President’s proposals concerning the governance of the Eurozone. French financial daily Les Echos notes that: Continue reading
Some think he’s still a comedian, however, he has it right in knowing that all roads in the European economic crisis lead to Berlin as it seeks to control Europe’s destiny for the fourth time.
In an interview with the German business newspaper Handelsblatt, Mr Grillo said: “The northern European countries are only holding onto us until their banks have recouped their investments in Italian sovereign bonds. Then they’ll drop us like a hot potato.” The comic-turned-political activist, who campaigned against austerity measures implemented by Prime Minister Mario Monti, compared the technocrat prime minister to “a bankruptcy trustee acting on behalf of the banks” and described his Five Star Movement as: “the French revolution – without the guillotine.”
He repeated his call for a referendum on Italian membership of the euro and insisted he was not anti-European, but a critic of the way the EU has evolved.
“I have only said we need a plan B. We need to ask ‘What has become of Europe? Why do we have no common tax or immigration policy? Why is only Germany getting richer?‘,” he said. Continue reading