Russia, China, India Unveil New Gold Trading Network

Deputy Governors of the People’s Bank of China and Bank of Russia sign Memorandum on Gold Trading, Sochi, September 2017. Photo: Bank of Russia

 

One of the most notable events in Russia’s precious metals market calendar is the annual “Russian Bullion Market” conference. Formerly known as the Russian Bullion Awards, this conference, now in its 10th year, took place this year on Friday 24 November in Moscow. Among the speakers lined up, the most notable inclusion was probably Sergey Shvetsov, First Deputy Chairman of Russia’s central bank, the Bank of Russia.

In his speech, Shvetsov provided an update on an important development involving the Russian central bank in the worldwide gold market, and gave further insight into the continued importance of physical gold to the long term economic and strategic interests of the Russian Federation.

Firstly, in his speech Shvetsov confirmed that the BRICS group of countries are now in discussions to establish their own gold trading system. As a reminder, the 5 BRICS countries comprise the Russian Federation, China, India, South Africa and Brazil. Continue reading

EU Creates New Defense Pact to Reduce Dependence on US

 

The EU on Nov.13 officially launched a new era in defense cooperation with a program of joint military investment in equipment, research and development, known as permanent structured cooperation, or PESCO. Foreign and defense ministers gathered at a signing ceremony in Brussels to represent 23 EU governments joining the pact, which is to become legally binding when signed by heads of state at EU summit in mid-December. With so many ministers signing, approval seems a given. From now on, the EU will have a more coherent role in tackling international crises, while reducing the reliance on the United States. Continue reading

Britain makes battle plans for war with North Korea: Top brass could send new aircraft carrier BEFORE it’s had flight trials as Trump says ‘only one thing will work’ after 25 years of failed talks

Under one scenario, HMS Queen Elizabeth, pictured, along with 12 F-35B fighter jets, would be brought into service early to join US warships off the Korean peninsula 

Under one scenario, HMS Queen Elizabeth, pictured, along with 12 F-35B fighter jets, would be brought into service early to join US warships off the Korean peninsula

 

  • One option involves deploying UK’s new aircraft carrier HMS Queen Elizabeth
  • Comes after Trump warned ‘only one thing will work’ when dealing with DPRK
  • A senior Whitehall source said: ‘We have plenty of ships to send’

The Armed Forces are preparing for a potential war with North Korea, sources have revealed.

Officials have been instructed to draw up plans for how Britain would respond if war broke out with Pyongyang amid heightening tensions between the West and dictator Kim Jong-Un. Continue reading

Russian Orthodox Archbishop Warns the West

Russian Orthodox Archbishop Hilarion Alfeyev has offered a stark warning to Western churches confronting secularism in Europe.

 

Russian Orthodox Archbishop Hilarion Alfeyev issued what could only be viewed as a warning to Western churches during a speech last week at the Russian Embassy in London. Continue reading

Opinion: Why is the EU so vindictive about Brexit?

Michel Barnier, the European Union’s chief negotiator for Brexit, says the British are going backwards in exit talks with the EU.

 

Voluntary withdrawal from the EU treaty does not have to be painful

In case you’re wondering where the belligerent spirit went that pushed Europe into centuries of warfare, two major conflicts last century, numerous regional skirmishes in recent decades, and a Cold War lasting nearly half a century, rest assured it is alive and well, albeit channeled into a “peaceful” version in the European Union’s remorseless vindictiveness.

After brutalizing Greece for lying to join the euro and then daring to violate the strictures of membership, the EU has now turned its focus to punishing Britain for having the audacity to reject the stifling bureaucracy of Brussels and the increasingly assertive dominance of Berlin. Continue reading

Europe’s Cities Absorb Sharia Law

If the West keeps betraying the democratic value of individual freedom, Islamic fundamentalists, like those who imposed burqas on Libyan women, will do the same to Western women. (Photo by Alexander Hassenstein/Getty Images)

 

  • London Mayor Sadiq Khan banned advertisements that promote “unrealistic expectations of women’s body image and health”. Now Berlin is planning to ban images in which women are portrayed as “beautiful but weak, hysterical, dumb, crazy, naive, or ruled by their emotions”. Tagesspiegel‘s Harald Martenstein said the policy “could have been adopted from the Taliban manifesto”.
  • The irony is that this wave of morality and “virtue” is coming from cities governed by uninhibited leftist politicians, who for years campaigned for sexual liberation. It is now a “feminist” talking point to advocate sharia policy.
  • To paraphrase the American writer Daniel Greenfield, the irony of women celebrating their own suppression is both heartbreaking and stupefying.

Within days after the Islamic State conquered the city of Sirte in Libya two years ago, enormous billboards appeared in the Islamist stronghold warning women they must wear baggy robes that cover their entire bodies, and no perfume. These “sharia stipulations for hijab” included wearing dense material and a robe that does not “resemble the attire of unbelievers”.

Two years later, Europe’s three most important cities — London, Paris and Berlin — are adopting the same sharia trend.

Continue reading

Britain Looks to Ban All Petrol and Diesel Vehicles

Shoppers walk past stores on New Bond Street in London, Britain July 9, 2016.

 

Britain aims to ban petrol and diesel cars in the country from 2040 as a sign of their commitment to reduce the rising level of nitrogen oxide in the world for a safer humanity.

The pledge is in line with Emmanuel Macron’s efforts in France as they also are working towards a much-anticipated clean air plan.

Government officials in Britain believe that the largest environmental risk to public health in the UK is poor air quality, costing 2.7 billion pounds in lost productivity in recent years. Continue reading

Revealed: City of London accuses France of plot to ‘wreck Britain’ – even if it gains nothing itself

The 'giddy' effect of newly elected Emmanuel Macron is said to be blamed for the new French plot to 'actively disrupt' the City 

The ‘giddy’ effect of newly elected Emmanuel Macron is said to be blamed for the new French plot to ‘actively disrupt’ the City [Getty Images]

 

  • A leaked memo says French bankers are plotting to ‘actively disrupt’ the City
  • The London financial centre is worth £66 billion a year to the Treasury
  • The City’s Brexit envoy says Macron has declared ‘open war’ on the Square Mile
  • French representatives are now offering firms big money to move to Paris

France has boasted to City of London chiefs that it will use Brexit to sabotage the British economy, according to a bombshell leaked memo.

The memo, sent to Ministers, says the French government and banking chiefs are plotting to ‘actively disrupt and destroy’ the UK’s multi-billion-pound financial sector when Britain leaves the EU – even if France gains nothing.

Continue reading

European Commission Trying to Seize Control of Euro

 

 

I reported previously that the European Commission is seeking to take the clearing of the Euro derivative transactions from London and move them to Paris. The European Central Bank (ECB) is warning that it must secure strong access rights for the supervision of the cross-border settlement of financial transactions after the departure of Great Britain from the EU. About 90%+ of all euro derivatives transactions are settled via clearing houses in London such as LCH.Clearnet. In the middle of a crisis, the ECB would have no power to shut the market to protect the euro from the free market forces. Of course, what they fail to grasp here is trying to seize the euro clearing and move it by decree to Paris will only undermine the euro even more. What will they do next? Forbid the euro to trade in New York, Chicago, or Asia? Do that and the euro will become a massive short.

Continue reading

EU Wants to Order All Euro Trading Moved from London to Paris

 

The European Union is preparing the legal basis to take over London’s extensive trading business with euro derivatives. This is just another complete failure of bureaucrats to comprehend market function. Perhaps they should also outlaw euro trading in the USA and Asia. That would be real smart. Then they can all sit down and play cards with euro themselves and guarantee it will never be anything to anyone else, no less convertible worldwide. Continue reading

The Years of Terror (I)

LONDON/BERLIN/RIYADH (Own report) – With its continued worldwide support for Salafis, Germany’s close partner, Saudi Arabia, is relentlessly fertilizing the soil for the growth of jihadi terror, according to the German Institute for International and Security Affairs (SWP). “The consequences of Saudi Arabia’s support for Salafism are catastrophic,” the SWP concludes in light of IS/Daesh activities in Europe. British experts are also sharply criticizing cooperation with Riyadh. If one seriously wants to combat jihadi terror, one “should start by stopping the mass export of Wahhabism’s intolerance and hatred from Saudi Arabia,” an insider recommends. This is, however, countered by Germany, other European powers and North America’s relentless cooperation with the Saudi ruling clan. Just a few weeks ago, Chancellor Angela Merkel launched regular military cooperation with the Saudi armed forces. Out of consideration for Riyadh, the British government has been withholding an investigation, showing the – presumably Saudi – financiers of British jihadis. This had been made known only three days before the latest terror attack in London.

Continue reading

SHOCK VIDEO: CNN Creates #FakeNews in London Following Terror Attacks, Stages Anti-ISIS Muslim Protesters

 

A video released a day after the Islamic terror attacks in London show a CNN crew staging a scene with Muslims holding signs saying “ISIS Will Lose”. Continue reading

Germany Is Quietly Building a European Army Under Its Command

[GETTY]

 

Berlin is using a bland name to obscure a dramatic shift in its approach to defense: integrating brigades from smaller countries into the Bundeswehr.

Every few years, the idea of an EU army finds its way back into the news, causing a kerfuffle. The concept is both fantasy and bogeyman: For every federalist in Brussels who thinks a common defense force is what Europe needs to boost its standing in the world, there are those in London and elsewhere who recoil at the notion of a potential NATO rival.

But this year, far from the headlines, Germany and two of its European allies, the Czech Republic and Romania, quietly took a radical step down a path toward something that looks like an EU army while avoiding the messy politics associated with it: They announced the integration of their armed forces. Continue reading

Critical: Military on the Streets of Britain

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Country engaged in war with radical Islam.

Theresa May yesterday announced that the threat level in the UK was being raised from”severe” to “critical” meaning that another terrorist attack could be imminent. Continue reading

Merkel worried about Brexit Britain gaining Economic Advantage

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360b / Shutterstock.com

 

Speaking to a group of businesses in Berlin, Merkel said that once the UK formally leaves the bloc, which will currently set to be by the end of March 2019, we will be able to have a bonfire of EU regulations which will make us even more competitive on the world stage, gaining a possible economic edge. Continue reading