De-Dollarization Accelerates: Iran Unveils Gold-Backed Cryptocurrency

Image courtesy of CoinTelegraph

 

Four banks in the Islamic Republic of Iran have developed a gold-backedcryptocurrency called PayMon, financial news website Financial Tribune reported on Jan. 30.

According to the article, the crypto asset has been developed in cooperation with the Parsian Bank, the Bank Pasargad, Bank Melli Iran and Bank Mellat. Iran Fara Bourse, an over-the-counter (OTC) cryptocurrency exchange, will reportedly list the new cryptocurrency.

Obama-era cash traced to Iran-backed terrorists

The U.S. government has traced $1.7 billion released to Iran by the Obama administration to terrorists. According to sources, Iran has used the funds to pay Hezbollah, Quds Force and the Islamic Revolutionary Guard Corps. The money supplied to Iran has also been traced back to Iran’s backing of Houthi rebels seeking to take power in Yemen. Hezbollah fighters stand on their army vehicle at the site where clashes erupted between Hezbollah and al-Qaida-linked fighters in Wadi al-Kheil or al-Kheil Valley in the Lebanon-Syria border, Saturday, July 29, 2017. A cease-fire went into effect between the militant Hezbollah group and al-Qaida-linked fighters on Thursday morning as negotiations were underway to reach a deal that would eventually lead to the evacuation of Syrian fighters to the northwestern rebel-held province of Idlib. The truce followed a six-day offensive by Hezbollah and Syrian troops who besieged al-Qaida-linked fighters in a small border area. (AP Photo/Bilal Hussein) (Associated Press)

 

The U.S. government has traced some of the $1.7 billion released to Iran by the Obama administration to Iranian-backed terrorists in the two years since the cash was transferred.

According to knowledgeable sources, Iran has used the funds to pay its main proxy, the Lebanon-based terrorist group Hezbollah, along with the Quds Force, Iran’s main foreign intelligence and covert action arm and element of the Islamic Revolutionary Guards Corps.

The U.S. money supplied to Iran as part of an arms settlement dating back to the 1970s also has been traced to Iran’s backing of Houthi rebels seeking to take power in Yemen. Iran has been supporting the Yemen rebels as part of a bid to encircle and eventually take control of Saudi Arabia.

China tells world: It’s us or the United States ahead of President Trump’s Davos speech

US President Donald Trump and Chinese counterpart Xi Jinping have competing interests on the world stage. Picture: Fred Dufour/AFPSource:AFP

 

CHINA has given the world a blunt choice by asking global leaders to choose between Xi Jinping’s global outlook and that of US President Donald Trump.

In a strongly worded editorial by the state’s news agency, Beijing said the world needed to choose between “two fundamentally different outlooks” which included the Chinese President’s shared future and Mr Trump’s America First policy.

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.

Europe’s Push Toward a Unified Military

The official flag of Eurocorps military contingent (FREDERICK FLORIN/AFP/GETTY IMAGES)

 

As global threats increase, many nations support the idea of an independent and united European military. Here is why we expect it to happen, and where we expect it to lead.

The 100 years between 1815 and when World War i started in 1914 were one of Europe’s greatest periods of peace ever. But that isn’t to say it was peaceful.

Consider what happened during those years: France invaded Spain; Russia fought Turkey; various German states fought with Denmark, Austria and France; Britain and Turkey fought Russia; and Greece fought Turkey. Those are just the “highlights”—and they don’t include the numerous internal conflicts, uprisings, declarations of independence and other political unrest that occurred. Even Switzerland had a civil war.

That is what “peace” in Europe looked like before the latter half of the 20th century.

The states of Europe spent 75 percent of the 17th century at war with each other, 50 percent of the 18th century, and 25 percent of the 19th. The periods of war became shorter—but more than made up for it with devastatingly more effective weapons.

This is why many are skeptical of the creation of a “European army.” How can a continent with such a long history of war and division form a united military force?

Hackers Can Now Disrupt U.S. Electrical Grid

Computer security firm Symantec now reports the hacker group known as Dragonfly is trying to gain control of U.S. electrical companies’ power grids.

 

 

Computer security firm Symantec revealed late last week that a hacker group known as Dragonfly 2.0 has successfully infiltrated the control systems of U.S. electrical companies.

What Is the World Council of Churches?

If you ever wanted to read something somewhat related to this article very worth your while, in particular KGB infiltration of the Catholic church, you definitely would want to get yourself a copy of the following book:

Aa-1025: The Memoirs of a Communist’s infiltration in to the Church

There is no better book describing Russia’s role in destroying it from within.

 

World Council of Churches General Secretary Olav Fykse Tveit made false accusations against Israel in a 2016 sermon. Pictured above: Tveit in Switzerland, on July 1, 2011. (Image source: ©SEK/Flügge)

 

• A new period began with the appointment of Emilio Castro as the Fourth General Secretary of the WCC during 1985-1992. Social and political issues had always been a subsidiary concern of the WCC; their role had grown under Castro’s immediate predecessor, Philip Potter (1972-1984). From now on, however, those issues became its most prominent focus. Increasingly, advocacy on behalf of the Palestinians and denunciations of Israel came to top the agenda.
• If the WCC ceased to exist, few would miss it today. The WCC has become one more NGO that survives largely on magnifying the Arab-Israel conflict at the expense of other conflicts in the world. In contrast to the resources lavished on “Palestine,” the WCC has devoted only occasional words — and not a single “Ecumenical Accompanier” — to the millions of Christians recently displaced from or killed in other Middle East countries.
• Thus there is a vast gap between the appearance and the reality of the WCC. The appearance is the claim that the WCC consists of hundreds of churches in over a hundred countries working for Christian unity. The reality is a small Secretariat in Geneva financed chiefly by some handfuls of European Protestant bureaucrats.

The World Council of Churches was founded with a noble aim: to overcome the divisions of Christianity and restore the unity of purpose of Christ’s original followers. After the retirement of its founding spirit, Willem Visser ‘t Hooft, it drifted away from its original concerns, a development that accelerated after his death in 1985. Today it has shrunk in effect to a small secretariat in Geneva that draws inspiration from its obsession with the Palestinian problem and has little else currently to its credit or discredit.

George Soros and German Media

 

While Russian political tampering concerns dominate news headlines, one area of concern that has been overlooked for many decades is Germany’s mounting influential power over media, academia, and/or book publishing, something which Dr. Robert E. Kaplan of Jerusalem calls “soft power” in his illuminating book titled The Soros Connection, where he demonstrates the very real possibility that George Soros is a political and economic wrecking ball working as a foreign agent for the German state. Dr. Kaplan received his Ph.D. in history from Cornell University. He was heavily influenced by historian Edward Whiting Fox.

China eyes global economic leadership as U.S. turns inward

In this photo taken Wednesday, Nov. 23, 2016, Kenyan laborers and a Chinese foreman work to finish the construction of an existing bridge that goes across a corner of Nairobi National Park in Nairobi, Kenya. A controversial Chinese-built railway project involving an even larger 6km bridge that would go all the way over the beloved protected area in Kenya’s capital has divided conservationists in this East African country. (Photo: Ben Curtis, AP)

 

This year, a 300-mile railway will begin slicing through Kenya, cutting travel time between the capital, Nairobi, and one of East Africa’s largest ports, Mombasa, from 12 to four hours and breeding hopes of an economic and tourism revival in the region.

The country’s most significant transportation project since its independence in 1963 is being built courtesy of China.  China Road and Bridge, a state-owned enterprise, leads construction of the $13.8 billion project, which is financed nearly 100% by the Export-Import Bank of China.

The railroad is one of a host of infrastructure projects China spearheads around the world in an ambitious quest to reinforce its emergence as the world’s next economic superpower while President Trump turns his back on globalization.

Diplomat says China would assume world leadership if needed

 

• China’s response came over Trump’s pledge to put “America first”.
• In Davos, President Xi Jinping portrayed China as leader of a globalised world.
• China is the world’s second-largest economy after the US.

BEIJING: China does not want world leadership but could be forced to assume that role if others step back from that position, a senior Chinese diplomat said on Monday, after US President Donald Trump pledged to put “America first” in his first speech.

Zhang Jun,, director general of the Chinese foreign ministry’s international economics department, made the comments during a briefing with foreign journalists to discuss President Xi Jinping’s visit to Switzerland last week.

China’s Xi Jinping Speech Seen as Move to Fill Global Leadership Role

China’s President Xi at the World Economic Forum, in Davos. He portrayed further globalization as a historical trend and outlined China’s contributions that had benefited the rest of the world. PHOTO: LAURENT GILLIERON/AGENCE FRANCE-PRESSE/GETTY IMAGES

 

DAVOS, Switzerland—Chinese President Xi Jinping’s strong defense of globalization at a speech at the World Economic Forum was depicted here as an effort to fill a vacuum being created by the U.S. stepping back from a global leadership role.

Mr. Xi was seen as reacting to growing concerns that the incoming U.S. administration of Donald Trump would shift the world’s largest economy toward protectionism.

Scandinavia – Leader in the War on Cash

The real gem of this article is the last paragraph and its related photo posted below. Espionage, aiding and abetting the enemy by enemies within runs deep in America and has for decades.

The Scandinavian countries Sweden, Denmark and Norway are regarded as a pioneer in the the effort to eliminate money and move totally electronic. Denmark closed its final Mint outsourced the operation to Finland. This means that there is no coinage in the three states struck anymore. In this war on cash, about 20% of all transactions were settled in Denmark last year with cash. In Germany and Austria, cash transactions accounted for 80%. Scandinavia is pushing hard to eliminate all cash completely to enable 100% efficient tax collecting.

Eurozone banks are in DEEP trouble: Wall Street top bankers issue warning to EU

EUROPE’s biggest banks are vulnerable and pose a huge risk to financial stability, according to some of Wall Street’s top bankers.

Financial heavyweights from the US and Switzerland joined forces to sound the alarm over Deutsche Bank and its peers.

Goldman Sachs’ president Gary Cohn hit out at eurozone banks for failing to clean-up their balance sheets after the financial crisis.

Minutes to midnight: US cuts bilateral contact with Russia

 

Following Russia’s decree to end their joint nuclear deweaponization program with the US, the US State Department announced Monday that Washington has suspended bilateral contact with Moscow.

(VERO BEACH, FL) America has “suspended” bilateral contacts with Russia over the Syrian crisis, the US State Department said.

Deutsche Bank – The Meltdown Crisis

Most people don’t see a crisis. Out of the minority that does see it, a majority of that doesn’t see it for what it is: Economic warfare between the United States and the EU, mainly Germany.

Germany hit the NSA with a manufactured scandal. America then retaliated with sanctions on Volkswagen. Germany then retaliated through EU channels and began launching hits on Google, Facebook, Microsoft, Apple, etc… and all the other big companies doing business out there — which now leads us to the hit on Deutsche Bank.

To hear the words “Germany” and “instability” today in the same sentence is unheard of and absurd but that’s the world we now live in. Switzerland used to be one of the, if not the most, sound financially nations in the world. Now it’s gutted just as badly as Germany is being gutted. Note that the estimated fines on both Volkswagen and Deutsche Bank eerily mirror what can be found on their balance sheets.

 

Ten of the large hedge funds are withdrawing from Deutsche Bank. What must be understood here is that Deutsche Bank is the main clearing house for trades in Europe. The problem the hedge funds have is where do they move for clearing? Short-term, they can move to New York or London. With over $60 trillion derivative book at the Deutsche Bank, the government is totally incapable of even understanding how to deal with this crisis. We are looking at a major crisis in confidence.

Merkel is simply out of her mind to adhere to this insane policy of a bail-in. How can hedge funds stay with clearing at Deutsche Bank when she takes this position that would set off a catastrophic global meltdown. It still appears that Merkel will have to blink. Once people realize this is the real crisis, then the German debt market should turn down rather hard.