Tuesday, November 13, 2018

DOW PLUMMETS BY 602 POINTS/NASDAQ FALLS BY 206 POINTS

by Harvey Organ, Harvey Organ Blog:

GOLD DOWN $4.65 AND SILVER IS DOWN 10 CENTS AS THE USA INDEX CLIMBS TO 97.59/VOLATILITY INDEX CLIMBS A HUGE 3.08 POINTS TO 20.44/ITALIAN BOND SPREAD/GERMAN BUND SPREAD RISES ABOVE 3.00 TO 3.04/CHINA REPLACES THE USA WITH RUSSIA IN THE PURCHASE OF SOYBEANS/FIFTY MILLION APARTMENTS ARE EMPTY IN CHINA IN A NIGHTMARISH SCENARIO/CARIGE BANK IN ITALY BAILED OUT TEMPORARILY BY OTHER ITALIAN BANKS BUT THE SITUATION IS DIRE/MALAYSIA SEEKS FULL REFUND FROM GOLDMAN SACHS IN SCANDALOUS 1MDB AFFAIR/SURE LOOKS LIKE VOTER FRAUD IN FLORIDA AND MAYBE ARIZONA/MORE SWAMP STORIES FOR YOU TONIGHT

Latest de-dollarization move comes from one of the U.S.’s biggest allies

by Kenneth Schortgen, Shotgun Economics:

While the sanction war America started against Russia in 2013 appears to have opened the door to de-dollarization, Washington’s latest gambit towards Iran seems to have fully opened the floodgates.  And that is because the latest country to willingly accept trade outside the dollar just happens to be a long-standing ally of the U.S..

South Korea and Iran have agreed to switch to national currencies in trade exchanges as the sides aim to strengthen relations despite the US sanctions on Tehran.

SWIFT Cuts Off Iran Central Bank As Tehran Sells 700,000 Barrels To Anonymous Direct Buyers

from ZeroHedge:

As reported last week, shortly after SWIFT caved to US pressure and defied the EU announcing it would cut off a selection of Iranian banks, on Monday, the US Treasury said the Iranian Central Bank has been officially cut off the SWIFT financial messaging system. The disconnection, which comes at a time when Iran’s economy is reeling and its currency is tumbling as a result of restricted oil exports (albeit offset by numerous temporary waivers for top Iranian oil clients), will made it far more difficult for the Islamic Republic to settle import and export bills.

France Wants European Army to Protect Europe from US, China Russia

by Mish Shedlock, The Maven:

Trump blasted French French President Emmanuel Macron in a Tweet for Macron’s “insulting” reasons for wanting an army.

French President Emmanuel Macron called for the creation of a “true European army,” issuing a sharp critique of trans-Atlantic security ties days before U.S. President Trump is due to visit France.

Europe’s security ties with the U.S., which have been a bedrock of the continent’s stability for decades, have come under strain as Mr. Trump has demanded more military spending from European members of the North Atlantic Treaty Organization and questioned the alliance’s benefits for the U.S. Such tensions have led Mr. Macron and German Chancellor Angela Merkel to publicly question whether the continent can still rely on the U.S. to come to Europe’s defense.

China to Adopt Gold Standard? | Alasdair MacLeod

from Silver Doctors:

https://www.youtube.com/watch?v=RqVRzah34YQ

Italy Refuses to Yield to Brussels – Is Another Exit in the Works?

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by Martin Armstrong, Armstrong Economics:

Italy is arguing that it will retain its budget and refers to how both France and Germany exceeded their budgets and the Commission disregard the Maastricht treaty rules in the case of both countries. In the budget dispute, the Italian government was not deterred by the threat of penalties from the European Commission. Finance Minister Giovanni Tria said last week that Italy would commit “economic suicide” to stick to the plans of the previous government to reduce the deficit.

NIGHTMARE SCENARIO 50 MILLION CHlNESE HOMES EMPTY

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from James Munder:

https://www.youtube.com/watch?v=FrAl6XJZKvY

More Than Any Other Country Russia Is Determined Never to Have a Repeat of WWI

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by Nikolas K. Gvosdev, Russia Insider:

And of everything that followed

  • “The team today feels that after a century marked by wars and catastrophes, pursuing utopian and unattainable revolutionary dreams, Russia is back on the right path—the path Stolypin charted when he declared, ‘You want great upheavals; we want a great Russia.'”

On November 11, the world will acknowledge the 100 th anniversary of the armistice that ended the carnage that was the First World War. That date, however, doesn’t resonate in Russia. A far more significant moment on the calendar that just passed—the anniversary of the Bolshevik seizure of power—was similarly marginalized last year when the centennial of the October Revolution was largely ignored by the Russian government and Russian society as a whole. Current Russia sees little to celebrate or reminisce about the events of a century ago. 

‘Autonomous Warrior’: UK Army Conducts its Largest Test of Battlefield Robots

from Sputnik News:

The exercises are but the latest in a series of noticeable efforts by the British military establishment to increase know-how in the realm of Artificial Intelligence (AI) and Robotic weapons technologies.

The British Army has started an unprecedentedly large testing of battlefield robots, according to the Daily Mail.

The event, dubbed the ‘Autonomous Warrior 2018,’ will last for about four weeks and shall “push the boundaries of technology and military capability in the land environment,” according to the British government.

French President Emmanuel Macron: ‘Nationalism is Treason’

by Charlie Spierling, Breitbart:

French President Emmanuel Macron denounced nationalism during an Armistice Day centennial observance in Paris on Sunday.

“Patriotism is the exact opposite of nationalism: Nationalism is treason,” Macron said, according to a Euronews translator.

Macron spoke in front of world leaders including President Donald Trump, Russian President Vladimir Putin, and German Chancellor Angela Merkel.

BREAKING: North Korea Moves Forward With Missile Expansion Sites

by Ben Shapiro, Daily Wire:

On Monday, new satellite images showed that North Korea has continued to upgrade its ballistic missile program at 16 secret facilities. As The Daily Beastreports, “The development suggests North Korea’s promise to shut down one major test site was an attempted deception.” The Center for Strategic and International Studies states, “North Korea’s decommissioning of the Sohae satellite launch facility, while gaining much media attention, obscures the military threat to U.S. forces and South Korea from this and other undeclared ballistic missile bases.”

Trudeau To SEIZE Canadian Bank Records?! – No Place To Hide!

from World Alternative Media:

https://www.youtube.com/watch?v=K_MLdNHK5k8

The Best Way To Honor War Veterans Is To Stop Creating Them

by Caitlin Johnstone, via The Burning Platform:

The US are celebrating Veterans Day, and many a striped flag shall be waved. The social currency of esteem will be used to elevate those who have served in the US military, thereby ensuring future generations of recruits to be thrown into the gears of the globe-spanning war machine.

Veterans Day is not a holiday to honor the men and women who have dutifully protected their country. The youngest Americans who arguably defended their nation from a real threat to its shores are in their nineties, and soon there won’t be any of them left. Every single person who has served in the US military since the end of the second World War has protected nothing other than the agendas of global hegemony, resource control and war profiteering. They have not been fighting and dying for freedom and democracy, they have been fighting and dying for imperialism, Raytheon profit margins, and crude oil.

The American dream shatters: The death of the middle class

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by Mac Slavo, via Intellihub:

Middle-class families, which used to be the backbone of the United States economy are becoming poorer. Despite the constant bombardment of news of a “healthy economy,” 62% of middle-class families struggle to afford a basic middle-class lifestyle.

Even though the unemployment rate that has reached a 50-year low of 3.7 percent, most jobs across the U.S. don’t support a middle-class or better lifestyle, leaving many Americans struggling, according to a new study. When factoring in both wages and the cost of living in the metro area where the job is located, 62% struggle to provide a middle-class lifestyle according to the study by Third Way, a think tank that leans center-left on the political spectrum.