“If you know a 26-year-old who can get out of the market before the financial industry collapses again, first of all, she’s very smart. I want to meet her. I’d say to her, you better start reading a lot of history next year to temper your enthusiasm. The same result is coming again. Secondly, she should definitely know another language. Finally, she should definitely, if she likes the outdoors, farming or planting, consider agriculture. We’ve had many periods in world history when the financial types have been the center of the universe and many periods when the people who produce real goods are the center of the universe. Well, that’s coming again.”
Tag Archives: Geopolitics
Charles Burris: Demonizing Putin Campaign Continues
“Ambrose Evans-Pritchard himself provided a key piece of the puzzle with his important online expose’ article, ‘Euro-federalists financed by US spy chiefs,’ tracing the covert planning, manipulation, and financing of post-WWII European federalism to top tiers of the American intelligence establishment (which interlocked with key Wall Street investment banks and financial institutions, the major foundations which acted as covert funding mechanisms for these projects, the elite mainstream media which provided disinformation and cover for the endeavor, and entities of the foreign policy establishment such as the Council on Foreign Relations and the Atlantic Council).”
http://www.lewrockwell.com/lrc-blog/demonizing-putin-campaign-continues/
Chinese loan to Argentina was expected in November
“A multibillion-dollar currency swap between Argentina and China will launch in November, bolstering the South American country’s diminished foreign reserves, the central bank chief was quoted as saying in a local paper on Sunday. The swap will permit Argentina to either pay for Chinese imports with the yuan currency or reinforce its hard currency reserves, which have fallen by more than 30 percent this year. It is part of a loan worth a total $11 billion signed by Argentina’s President Cristina Fernandez and her Chinese counterpart in July, shortly before the Latin American nation defaulted on its debt for the second time in 12 years.”
http://www.reuters.com/article/2014/10/19/argentina-reserves-idUSL2N0SE0JS20141019
Venezuela mortgaged another $4 billion of its oil exports to China

“The agreement will raise Caracas’s existing debts to Beijing by almost 25%, to over $20 billion—money that the country may find it increasingly difficult to repay. China has lent its South American partner more than $40 billion since 2008 to help Caracas shore up its ailing economy, which is expected to slip into a recession this year and has suffered from shortages ranging from medicine to toilet paper. Venezuela has been paying that money back mostly with oil, but that is getting harder to do. Every day, about 500,000 barrels of Venezuelan oil are exported to China, half of which go to pay off the country’s loans from Beijing.”
http://qz.com/239106/venezuela-just-mortgaged-another-4-billion-of-its-oil-exports-to-china/
Ron Paul: House Chooses New Cold War With Russia
“Last week the US House voted overwhelmingly in favor of an anti-Russia resolution so full of war propaganda that it rivals the rhetoric from the chilliest era of the Cold War. Ironically, much of the bill condemns Russia for doing exactly what the US government has been doing for years in Syria and Ukraine! For example, one of the reasons to condemn Russia in the resolution is the claim that Russia is imposing economic sanctions on Ukraine. But how many rounds of sanctions has the US government imposed on Russia for much of the past year? I guess sanctions are only bad when used by countries Washington doesn’t like.”
http://www.thedailybell.com/editorials/35895/Ron-Paul-House-Chooses-New-Cold-War-With-Russia/
Germany begs Sweden for more coal as renewable energy plan falters

“After 2011’s Fukushima disaster in Japan, Germany gave itself not much more than 10 years to close down all it nuclear power plants. The country also has a roadmap to switch to renewable energy for 80% of its electricity needs by 2050. That may sound like a long time, but the clean energy installed base today only provides 23% of the European Nations power demand. But the nuclear energy phase-out has meant that at the moment Germany is burning more coal now than it did 24 years ago. And it’s desperate for more reports the FT, even begging the Swedes who are divesting from coal to do the opposite and expand their operations inside Germany.”
http://www.mining.com/german-begs-sweden-for-more-coal-90155/
Former SWIFT Insider on Financial Warfare, the Dollar, and Bitcoin

“Since 1977, the mission of SWIFT was to connect the entire world. Not to disconnect anybody. And today there are around 215 countries in the world. Before Iran, SWIFT had never ever disconnected a country because it does not have the mandate to do that. The organization itself is not allowed to do that. Its purpose is to connect everybody in a neutral fashion. SWIFT’s infrastructure does not know physical geographical borders. Technically there are no ‘countries’ per se in the SWIFT system; there are just SWIFT codes, a collection of which forms a country. [..] it’s a challenge to remain neutral because you are being pushed one way or the other by powerful forces.”
Russia, China’s move to abandon dollar receives blowback from SWIFT

“Although SWIFT is considered to be a European based conduit for global financial transactions between currencies, nearly everyone in the industry knows that it is a U.S. dominated system tied to America’s control over the reserve currency. And as the U.S. continues to attack Russia and her allies with financial war, including sanctions restricting their access to the SWIFT system, on Oct. 6 SWIFT responded to these attacks by publicly announcing they are not in favor of being used to accommodate disruptions to the free flow of currencies between any nation, and that they are not to blame for America’s use of SWIFT to wage economic warfare against another country.”
Swiss sanctions dilemma over Russia

“Moscow’s response to EU sanctions – a ban on fresh food imports from the EU – does not apply to Switzerland. For Swiss cheese maker Anthony Margot, that has led to ‘dozens’ of calls a day from Russian cheese distributors, hoping to fill the huge gap which will be left by French camembert, Dutch edam or Italian mozzarella. ‘Some of them are calling in tears,’ he says. ‘The situation is terrible for them, they fear they will lose their jobs, everyone wants to buy Swiss cheese now.’ Unfortunately for the Russians, Swiss cheese makers are unlikely to be able to meet the demand as most of them are small, village-based businesses.”
Russian central bank ready to step in to stop ruble panic

“Russia’s central bank said Friday it was ready to step in to protect the crashing ruble, after the currency was hammered by a day of panic selling that have sparked fears of a full-blown crisis. The policy U-turn came just two days after the central bank said it would limit its support for the falling currency. The ruble has lost 10 percent in value in the course of the week amid plunging oil prices and the fallout from the Ukraine crisis. The central bank last week jacked rates up from 8.0 to 9.5 percent. Sanctions have also made it nearly impossible for Russian companies to borrow in the West, with the local currency market under pressure as firms buy dollars to repay existing loans.”
http://news.yahoo.com/black-week-ruble-fall-hits-time-low-005617150.html

