Tag Archives: New World Order

Russia’s new Eurasian Economic Union could get its own single currency

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“The union is still in its early days, having formally begun only in January, but the bloc has tentatively agreed to bring in a single currency and a Eurasian Central Bank by 2025. Belarus’ Mikhail Myasnikovich, prime minister until 2014, is calling for the process to be fast-tracked so the currency is ready in the next four years, according to Belarusian state news.  And Putin instructed Russia’s central bank earlier this month to work with both the government and other central banks ‘to determine the future direction of integration in the monetary and financial sectors in the framework of the Eurasian Economic Union with the study of the feasibility of establishing in the future monetary union.'”

http://www.businessinsider.com/russia-eurasian-economic-union-could-get-its-own-single-currency-2015-3

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IMF says Chinese yuan on path to inclusion in SDR basket

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“China’s economic reform plans, including opening up its capital account and deepening financial markets, should help Beijing meet the IMF’s criteria to join its Special Drawing Rights currency basket, the head of the IMF said on Thursday.  International Monetary Fund Managing Director Christine Lagarde earlier this year said it was a question of when, not if, China’s yuan will be included in the SDR basket – currently made up of dollars, yen, pounds and euros.  The IMF is due to review the basket’s composition later this year to assess whether any currencies meet its criteria, including being ‘freely usable,’ or convertible – seen as a key obstacle for the yuan, also known as the renminbi.”

http://www.reuters.com/article/2015/04/16/imf-g20-china-idUSL2N0XD1LI20150416

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IMF tells regulators to brace for global ‘liquidity shock’

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“Investors are borrowing money to buy shares on the US stockmarket at a torrid pace and are resorting to the same sorts of financial engineering that preceded the last two financial crises. ‘Margin debt as a percentage of market capitalisation remains higher than it was during the late-1990s stock market bubble. The increasing use of margin debt is occurring in an environment of declining liquidity,’ said the IMF in its report. ‘Lower market liquidity and higher market leverage in the US system increase the risk of minor shocks being propagated and amplified into sharp price corrections,’ it said.  The report said there are clear signs that underwriting standards are deteriorating in a pervasive search for yield.”

http://www.telegraph.co.uk/finance/economics/11538509/IMF-tells-regulators-to-brace-for-global-liquidity-shock.html

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European Commission president calls for building an EU army

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“The European Union needs its own army to help address the problem that it is not ‘taken entirely seriously’ as an international force, the president of the European commission has said.  Jean-Claude Juncker said such a move would help the EU to persuade Russia that it was serious about defending its values in the face of the threat posed by Moscow. Juncker, a longstanding advocate of an EU army, said getting member states to combine militarily would make spending more efficient and would encourage further European integration.  A spokesman for Ukip said Juncker’s comments vindicated warnings that his party had been giving about the direction of EU policy for years.”

http://www.theguardian.com/world/2015/mar/08/jean-claude-juncker-calls-for-eu-army-european-commission-miltary

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Beijing to back United States over new FATCA law against tax evasion

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“Mainland China has been included on a list of jurisdictions co-operating with the United States on a new law to halt tax evasion.  It removes the threat of blacklisting or penalties that had been hanging over Chinese financial institutions. The Foreign Account Tax Compliance Act (Fatca) is a US law that requires financial institutions around the world to provide information on US taxpayers to the US government. The move will enable Beijing to obtain information on mainland Chinese taxpayers in the US, which will help in its fight against tax evasion and corruption. The US authorities will impose a 30% withholding tax on US-related income going through financial institutions that do not comply with Fatca.”

http://www.scmp.com/business/banking-finance/article/1542111/beijing-back-united-states-over-new-fatca-law-against-tax

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IMF: infrastructure spending spree last chance to revive growth

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“Britain and other advanced economies should take advantage of ultra-low borrowing costs to lift spending on key infrastructure projects and boost the global recovery, according to the International Monetary Fund.  The IMF said a debt-funded investment spree could ‘pay for itself’ if projects were chosen wisely, as government spending would stimulate demand, create jobs, and support longer-term growth. However it warned against governments embarking on a blind spending spree, which would push up debt piles without stimulating growth. Spending on infrastructure would only have a positive impact if policymakers conducted ‘rigorous’ cost-benefit analyses.”

http://www.telegraph.co.uk/finance/economics/11128937/IMF-infrastructure-spending-spree-last-chance-to-revive-growth.html

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How the World’s Top Health Body Allowed Ebola to Spiral Out of Control

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“In one instance, medics weren’t deployed because they weren’t issued visas. In another, bureaucratic hurdles delayed the spending of $500,000 intended to support the disease response. Meanwhile, fresh information on the outbreak from experts in the field was slow to reach headquarters, while contact-tracers refused to work on concern they wouldn’t get paid.  The account of the WHO’s missteps, based on interviews with five people familiar with the agency who asked not to be identified, lifts the veil on the workings of an agency designed as the world’s health warden yet burdened by politics and bureaucracy.”

http://www.bloomberg.com/news/2014-10-16/who-response-to-ebola-outbreak-foundered-on-bureaucracy.html

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Breaking the last taboo – Gaza and the threat of world war

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“Since 2001, the United States and its allies have been on a rampage. In Iraq, at least 700,000 men, woman and children are dead as a result. The rise of jihadists – in a country where there was none – is the result. Known as al-Qaeda and now the Islamic State, modern jihadism was invented by US and Britain, assisted by Pakistan and Saudi Arabia. The original aim was to use and develop an Islamic fundamentalism that had barely existed in much of the Arab world in order to undermine pan-Arab movements and secular governments. By the 1980s, this had become a weapon to destroy the USSR in Afghanistan. The CIA called it Operation Cyclone; and a cyclone it turned out to be.”

http://johnpilger.com/articles/breaking-the-last-taboo-gaza-and-the-threat-of-world-war

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Britain considers ban on bearer shares for G8 transparency [2013]

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“Britain may ban stock certificates known as bearer shares that can be transferred without needing to register ownership, a government minister said, tapping into a drive for greater corporate transparency.  Other measures proposed on Monday by Business Secretary Vince Cable included plans to force nominee directors to reveal more about who benefits from company ownership and proposals to ban companies from acting as directors themselves. At the G8 summit, Britain said it wanted to create a registry of ‘beneficial ownership’ to help tax authorities track down those seeking to launder money or evade taxes by using complicated company structures.”

http://uk.reuters.com/article/2013/07/15/uk-britain-transparency-cable-idUKBRE96E0F020130715

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They’re Coming for Your Accounts

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“Just a week or two ago, the International Monetary Fund (IMF) published a horrifying paper, called The Fund’s Lending Framework and Sovereign Debt. That paper, in turn, was based on one from December 2013, called Financial and Sovereign Debt Crises: Some Lessons Learned and Those Forgotten.  Major media ignored all of this, of course.  The December 2013 document, right at the start, says that ‘financial repression’ is necessary.   That’s not my interpretation; those are their words.  It’s not just the IMF, of course. The US Treasury has had a group working on these ideas since the Bush administration.”

http://www.caseyresearch.com/freeman/they-are-coming-for-your-accounts

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