Friday, April 19, 2019

Proposal for a Lasting Korea Peace Agreement: Signing of a Bilateral North-South Korea Peace Treaty

0

by Prof Michel Chossudovsky, Global Research:

The president of South Korea Moon Jae-in is currently in Vladivostok for the East Asian Economic Summit (EEF), chaired by Russia’s president Vladimir Putin. September 6-7.

A high level North Korean delegation has also been sent to Vladivostok.  

President Moon Jae-in was slated to meet Vladimir Putin shortly after his arrival on September 5 (local time).

The holding of the Moon-Putin talks had been requested by Moscow following a prior meeting at the Blue House in Seoul between president Moon Jae-un and Nikolai Patrushev, Secretary of the Security Council of the Russian Federation (SCRF). .

The Republic of Korea’s presidential office confirmed that Patrushev also held talks with his counterpart Chung Eui-yong, director of the Blue House (Cheongwadae) National Security Office for President Moon Jae-in. 

While the Moon-Putin Vladivostok talks have been officially confirmed, in all likelihood, the two delegations (North and South Korea) will also meet behind closed doors, with president Vladimir Putin potentially playing a historic role in promoting a bilateral DPRK-ROK understanding, with a view to averting a US led war.  

It is important to note that president Putin had previously warned the Trump administration that “continuing hostility between the US and North Korea was close to deteriorating into a “large-scale conflict” and said the only way to de-escalate tensions was through talks”. (Daily Express, September 5, 2017) 

Also of significance, Japan’s Prime Minister Abe and President Putin will also be meeting in Vladivostok on September 6, on the sidelines of the Eastern Economic Forum.

Moreover, two of the three signatories of the 1953 Armistice agreement (namely the DPRK and China) will be present at these meetings. 

The US is not a member of the EEF.  Several important US business interests will nonetheless be present. Has an observer mission been sent by Washington?   

 *   *   *

Towards a Bilateral North-South Peace Treaty

What should be envisaged is the eventual signing of a bilateral Entente between the DPRK and the ROK, with a view to establishing Peace on the Korean Peninsula. In other words, the “state of war” between the US and the DPRK (which prevails under the armistice agreement) should in a sense be “side-tracked” and annulled by the signing of a comprehensive bilateral North-South peace agreement, coupled with cooperation, trade and interchange.

In this regard, what underlies the 1953 Armistice Agreement is that one of the warring parties, namely the US has consistently threatened to wage war on the DPRK for the last 64 years.

The US has on countless occasions violated the Armistice Agreement. It has remained on a war footing. Casually ignored by the Western media and the international community, the US has actively deployed nuclear weapons targeted at North Korea for more than half a century in violation of article 13b) of the Armistice agreement. More recently it has deployed the so-called THAAD missiles, which are also directed against China and Russia.

The US is still at war with North Korea. The armistice agreement signed in July 1953 –which legally constitutes a “temporary ceasefire” between the warring parties (US, North Korea and China’s Volunteer Army)– must be rescinded through the signing of a long-lasting peace agreement.

The US has not only violated the armistice agreement, it has consistently refused to enter into peace negotiations with Pyongyang, with a view to maintaining its military presence in South Korea as well as shunting a process of normalization and cooperation between the ROK and the DPRK.

The fundamental question to be addressed is the following: How can the 1953 Armistice agreement be replaced by a Long-lasting Peace Agreement given Washington’s persistent refusal to enter into negotiations?

If  one of the signatories of the Armistice refuses to sign a Peace Agreement, what should be contemplated is the formulation  of a comprehensive Bilateral North-South Peace Agreement, which would de facto lead to rescinding the 1953 armistice.

This proposed far-reaching agreement between Seoul and Pyongyang would assert peace on the Korean peninsula –failing the signing of a peace agreement between the signatories of the 1953 Armistice agreement.

The legal formulation of this bilateral entente is crucial. The bilateral arrangement would in effect bypass Washington’s refusal. It would establish the basis of peace on the Korean peninsula, without foreign intervention, namely without Washington dictating its conditions. It would require the concurrent withdrawal of US troops from the ROK and the repeal of the OPCON agreement.

Read More @ GlobalResearch.ca

ECB Tightens Noose Around Bank Accounts

by Don Quijones, Wolf Street:

Locking up the money of unsuspecting depositors to prop up collapsing banks.

The European Central Bank (ECB), arguably the European Union’s most powerful and least accountable institution, apparently needs more power, according to Daniele Nouy, the ECB’s top supervisor. Chief among the fresh powers it seeks is the power to temporarily prevent people from withdrawing their money from their accounts at banks that are in distress, including by electronic fund transfers.

“In my view… the introduction of adequate moratorium power for authorities is needed in order to react with the needed flexibility, if the situation of a bank deteriorates rapidly,” Nouy told a member of the European Parliament in a letter. “Given the potentially swift evolution of liquidity crises, a moratorium tool could be necessary to ensure there is adequate time for ensuring a credible solution,” Nouy said, adding that the ECB will soon publish an opinion on this issue.

The recent collapse and resolution of Spain’s Banco Popular and Italy’s Monte dei Paschi di Siena lent more impetus to this new regulatory push that has been quietly in the works for a while.

Late last year, the European Commission, the same entity that wants to impose increasingly draconian limits on the use of cash in Europe, proposed giving banking supervisors the authority to suspend some deposit withdrawals and payments obligations in exceptional circumstances.

But that was not enough to placate Europe’s senior ranks of central bankers. While the Commission proposal would exclude deposits under 100,000 euros, which to all intents and purposes are insured by their respective national governments, the Single Resolution Board has warned that significant amounts of cash could still leave the bank if the moratorium was “excessively narrow.”

As such, if the new proposal is passed — and given that its passage will involve very little in the way of democratic process, that’s more or less guaranteed — pay-outs to insured depositors could be suspended for five working days, according to an Estonian document recently seen by Reuters. The freeze could even be extended to a maximum of 20 days in “exceptional circumstances.”

All this furtive planning and plotting is happening against a backdrop of supposedly improving economic performance in the EU. On Friday the man in charge of the ECB, Mario Draghi, crowed that the global recovery is “firming up,” with the Eurozone apparently leading the way, while stressing the need, of course, for continued “significant monetary policy.”

As Draghi well knows, if the ECB’s lavish monetary policy was scaled back or, God forbid, withdrawn, its main beneficiaries, including some of Europe’s biggest corporations and, of course, Draghi’s home country of Italy, would not be able to afford the higher interest rates that would result from reduced bond purchases. Higher rates would effectively bankrupt the country. In that respect, Italians see Draghi as their guardian angel at the ECB.

Since the ECB bent its own rules on bank resolution out of all recognition earlier this summer to enable Italy’s government to bailout Monte dei Paschi with taxpayer funds as well as insulate bondholders of all stripes from the financial fallout of the wind-down of the two Veneto-based banks, Banca Popolare di Vicenza and Veneto Banca, Italy’s banking sector is apparently on the mend — at least according to the country’s banking elite, which converged this week on the shores of Lake Como for the annual Ambrosetti Forum.

In the words of Jean Pierre Mustier, chief executive officer of UniCredit SpA, Italy’s biggest bank, Italy has very strong fundamentals and its healthy economic growth is pushed by exports, consumers and investments, so “the core banking activity in Italy is actually quite profitable.”

As Bank of Italy data shows, banks’ operating profit for 2016 was down by 27{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}, mainly owing to a drop in income. And while shares of Italian banks may have jumped almost 8{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} since June compared with a 1{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} uptick in the Europe STOXX 600 Banks Index, that’s almost certainly a reflection of investor relief rather than a genuine belief that the Italian banking system’s deep-seated problems have been laid to rest with the recent interventions.

As Jim McCaughan, CEO of Principal Global Investors, told Bloomberg, the European banking system as a whole — and the Italian banking system in particular — has a questionable level of capital and that could lead to problems in the next economic slowdown. “For many banks, prosperity is very dependent on continuity of the economic momentum,” said McCaughan.

Read More @ WolfStreet.com

CHINA TO START A PETRO-YUAN BACKED BY GOLD

by Harvey Organ, Harvey Organ Blog:

NORTH KOREA FIRES A HYDROGEN BOMB TEST/GOLD RISES TO $1339.65 FOR A GAIN OF $13.45 AND SILVER GAINS 14 CENTS UP TO $17.87/HURRICANE IRMA WILL BE A CATEGORY 5 STORM AND IT IS HEADING STRAIGHT FOR MIAMI

”It is difficult to talk to people who confuse Austria and Australia. But there is nothing we can do about this; this is the level of political culture among part of the American establishment. As for the American people, America is truly a great nation if the Americans can put up with so many politically uncivilized people.”

Vladimir Putin

GOLD: $1339.05 UP   $13.45

Silver: $17.87  UP 14 CENT(S)

Closing access prices:

Gold $1339.90

silver: $17.90

SHANGHAI GOLD FIX:  FIRST FIX  10 15 PM EST  (2:15 SHANGHAI LOCAL TIME)

SECOND FIX:  2:15 AM EST  (6:15 SHANGHAI LOCAL TIME)

SHANGHAI FIRST GOLD FIX: $1339.89 DOLLARS PER OZ

NY PRICE OF GOLD AT EXACT SAME TIME:  $1336.42

PREMIUM FIRST FIX:  $3.47

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

SECOND SHANGHAI GOLD FIX: $1336.64

NY GOLD PRICE AT THE EXACT SAME TIME: $1335.50

Premium of Shanghai 2nd fix/NY:$1.14

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

LONDON FIRST GOLD FIX:  5:30 am est  $1331.15

NY PRICING AT THE EXACT SAME TIME: $1331.50

LONDON SECOND GOLD FIX  10 AM: $1335.55

NY PRICING AT THE EXACT SAME TIME. 1334.30 ???

For comex gold:

SEPTEMBER/

NOTICES FILINGS TODAY FOR SEPT CONTRACT MONTH: 0 NOTICE(S) FOR  nil  OZ.

TOTAL NOTICES SO FAR: 49 FOR 4900 OZ  (0.1524 TONNES)

For silver:

SEPTEMBER

 

 373 NOTICES FILED TODAY FOR

 

1,865,000  OZ/

Total number of notices filed so far this month: 2918 for 14,590,000 oz

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

 

end

Let us have a look at the data for today

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

In silver, the total open interest ROSE BY AN SMALL BUT STEADY 798 contracts from 178,897 UP TO 179,695 WITH THE GOOD SIZED GAIN IN PRICE THAT SILVER UNDERTOOK WITH  FRIDAY’S TRADING (UP 22 CENTS). WE NOW HAVE MORE NEWBIE LONGS ENTER THE SILVER CASINO WITH NO SILVER LONGS EXITING FOR EFP’S. THE BANKERS ARE STILL LOATHE TO SUPPLY THE SHORT PAPER IN TOTAL CONTRAST TO GOLD

RESULT: A SMALL RISE IN OI COMEX  WITH THE 22 CENT PRICE RISE. 

 In ounces, the OI is still represented by just UNDER 1 BILLION oz i.e.  0.898 BILLION TO BE EXACT or 128{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT MAY MONTH/ THEY FILED: 373 NOTICE(S) FOR 1,865,000OZ OF SILVER

In gold, the open interest ROSE BY A GOOD SIZED 5372 CONTRACTS WITH THE RISE  in price of gold ($8.65 GAIN YESTERDAY). The new OI for the gold complex rests at 555,543.

CONDITIONS ARE RIPE AND AMPLE FUEL FOR ANOTHER  HUGE RISE IN THE NUMBER OF  NEWBIE SPECS  ENTERING THE GOLD ARENA WITH THE COMMERCIALS AGAIN SUPPLYING THE NECESSARY PAPER.  AS SOON AS FRIDAY’S JOB REPORT WAS ANNOUNCED AS A DUD, THIS ENCOURAGED  MORE NEWBIE LONGS WHO BECAME EMBOLDENED IN THEIR CONTINUING QUEST OF TAKING ON THE BANKERS WHO RECIPROCATED IN KIND WITH  SHORT PAPER.

Result: A HUGE SIZED GAIN IN OI WITH THE RISE IN PRICE IN GOLD ($8.65). THE COMMERCIALS SUPPLIED THE NECESSARY SHORT PAPER. 

we had: 0 notice(s) filed upon for nil oz of gold.

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

With respect to our two criminal funds, the GLD and the SLV:

GLD:

Tonight , we had a huge  changes in gold inventory: a massive deposit of 14.78 tonnes

Inventory rests tonight: 831.21 tonnes

IN THE LAST 36 TRADING DAYS: GLD SHEDS 5.76 TONNES YET GOLD IS HIGHER BY $105.70 .

SLV

Today:  WE HAD NO CHANGES IN SILVER INVENTORY TONIGHT:

INVENTORY RESTS AT 331.178 MILLION OZ

 

end

.

First, here is an outline of what will be discussed tonight:

1. Today, we had the open interest in silver ROSE BY A STEADY 798 contracts from 178,897 UP TO 179,695 (AND now A LITTLE CLOSER TO THE NEW COMEX RECORD SET ON FRIDAY/APRIL 21/2017 AT 234,787) WITH FRIDAY’S 22 CENT GAIN IN TRADING. SILVER RESPONDED LIKE GOLD TO THE ECONOMIC CLIMATE.  NEWBIE LONGS TOOK COMFORT IN THE POOR JOBS REPORT TO PILE INTO THE SILVER ARENA. THE BANKERS HOWEVER ARE STILL LOATHE TO SUPPLY THE NECESSARY SHORT PAPER. OLDER SPECS EXITED WITH A NICE PROFIT .

RESULT:  A  HIGHER OI AT THE COMEX WITH THE INCREASE IN PRICE OF 22 CENTS.  BANKERS REFUSE TO SUPPLY THE SHORT PAPER AND ARE TRYING TO GET OUT OF THEIR SHORTFALL 

(report Harvey)

.

2.a) The Shanghai and London gold fix report

(Harvey)

 

2 b) Gold/silver trading overnight Europe, Goldcore

(Mark O’Byrne/zerohedge

and in NY:  Bloomberg

3. ASIAN AFFAIRS

i)Late MONDAY night/TUESDAY morning: Shanghai closed UP 4.73 POINTS OR 0.14{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}   / /Hang Sang CLOSED UP 1.09 POINTS OR 0.01{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}/ The Nikkei closed DOWN 122.44 POINTS OR 0.63{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}/Australia’s all ordinaires CLOSED UP 0.07{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}/Chinese yuan (ONSHORE) closed UP at 6.5490/Oil UP to 47.90 dollars per barrel for WTI and 52.59 for Brent. Stocks in Europe OPENED MIXED/ TO GREEN. Offshore yuan trades  6.5540 yuan to the dollar vs 6.5490 for onshore yuan. NOW THE OFFSHORE MOVED SLIGHTLY WEAKER  TO THE ONSHORE YUAN/ ONSHORE YUAN MUCH STRONGER (TO THE DOLLAR)  AND THE OFFSHORE YUAN IS MUCH STRONGER TO THE DOLLAR AND THIS IS COUPLED WITH THE  WEAKER DOLLAR. CHINA IS HAPPY TODAY

Read More @ HarveyOrganBlog.com

Trump Wants Tariffs! That Could Be Good for Gold

0

by Peter Schiff, Schiff Gold:

Trump wants tariffs.

That could be good for gold.

According to a report on Axios last week, President Trump demanded tariffs during a recent White House meeting that included new chief of staff Gen. John Kelly.

John, you haven’t been in a trade discussion before, so I want to share with you my views. For the last six months, this same group of geniuses comes in here all the time and I tell them, ‘Tariffs. I want tariffs.’ And what do they do? They bring me IP. I can’t put a tariff on IP.”

Trump reportedly went on to assert “China is laughing at us.”

Of course, Trump campaigned on a more protectionist trade policy. It’s starting to look like the president is more aggressively pursuing that goal. The administration has threatened to pull out of a trade deal with South Korea, and NAFTA negotiations appear to be going nowhere.

And of course, Trump wants tariffs.

All of this could prove to be another boost for the price of gold.

The yellow metal is already moving higher on a weakening dollar. Peter Schiff discussed the falling dollar during a recent interview on RT’s Boom and Bust, noting that August was another down month for the greenback. After a post-election surge, the dollar has dropped six months in a row. It’s currently on pace for its worst year since 1985.

As analysis at Seeking Alpha reveals, high tariffs could serve to weaken the dollar even further.

Why are tariffs and other trade barriers bullish for gold? First, tariffs if implemented will weaken the dollar, as trade barriers restrict the amount of goods that can be traded for dollars, lowering the dollar’s purchasing power. A weaker dollar is bullish for gold. In simple mathematical terms as well we can see why tariffs will weaken the dollar. Tariffs are designed to narrow trade deficits. Trade deficits are paid for by exporting dollars. The more dollars exported, the fewer dollars remain within American borders, the fewer dollars available to bid up prices within the US. The net export of dollars then helps keep dollar prices low within the US. Cutting down those dollar exports by introducing trade barriers increases the supply of dollars within US borders and will push up consumer prices from the dollar supply side. Tariffs would also push consumer prices higher from a goods supply side. Fewer imports means fewer goods in the country, which pushes up prices as well.  Even though this cannot be considered ‘price inflation,’ as higher-cost goods is not a monetary phenomenon, these higher costs will nonetheless be factored into the government price inflation statistics, making inflation look higher than it actually is and adding more fuel to the precious metals fire.”

Then there is the potential for a trade war. When governments start slapping tariffs on things, other countries inevitably retaliate. That hurts US manufacturers. And there are other means of retaliation. The Chinese could start dumping US Treasuries. China has already been selling US debt to help prop up the yuan. A further increase in the sale of of US Treasuries would place upward pressure on interest rates. In all likelihood, the Fed would have to create more dollars to balance out the move and keep rates steady. That means inflation.

Read More @ SchiffGold.com

GRAPHIC: Mexican Cops Appear to Execute Cartel Gunmen on Camera

0

from Breitbart:

REYNOSA, Tamaulipas — A video captured by a citizen journalist in the aftermath of a cartel gun battle appears to show a police officer using his rifle to execute some shooters in a vehicle. The video comes as this border city has undergone four months of terror at the hand of the Gulf Cartel’s campaign for local control–leading to more than 150 confirmed deaths.

The video was captured shortly after a team of Gulf Cartel gunmen with tactical gear, body armor, and machine guns in a black SUV clashed with Tamaulipas law enforcement on the city’s south side.

According to information provided by the Tamaulipas government, police officers were carrying out patrols and spotted a black SUV that drew suspicion. Upon spotting the officers, the cartel gunmen tried to drive off while firing their automatic weapons. The chase ended a few blocks later when the gunmen died, the released information claimed.

Since the shooting, a video captured by a local resident appears to show a police officer in black firing his rifle four times inside the SUV, giving the impression that he executed the survivors. In the cell phone video, the local resident can be heard yelling, “They are finishing them off.”

Leaked photographs from inside the vehicle revealed the bodies of three gunmen, while a fourth died on the streets.

Though the video has drawn criticism, in border states where corruption has become an integral part of the judicial system, most residents favor a hard line approach by police and military forces.

Law enforcement officials in federal and state agencies speaking with Breitbart Texas expressed their favor for tough tactics since released gunmen often seek revenge.

Read More @ Breitbart..com

Message for Progressive Left: ‘If You Want to See Real Nazis, Come to Ukraine’

from 21st Century Wire:

Ever since last month, the US media and the left wing politicians have been up in arm about alleged “rise of Nazism in America.” By now, the coverage has been incessant and beyond hysterical, as pundits and ‘antifascist’ activists claim that a viable white supremacistmovement is threatening to take over the country – which is a media-driven alternative reality. 

What the America’s liberal mainstream media establishment will not mention is the US government’s own role, particularly that of the Obama Administration and Hillary Clinton’s State Department (and funded by her campaign financier George Soros) in helping to fuel the scourge of Nazism in eastern Europe, in the Ukraine.

Likewise, Republicans and so-called ‘conservatives’ will not want to mention party luminary Senator John McCain’s own personal role in promoting Ukraine’s Far Right parties and helping shoe-horn them into power in 2014 after a successful US-backed coup d’etat and putsch, and the disastrous junta which has followed.

The following open letter was posted by Aleksandr Gontar from Donetsk in eastern Ukraine, skillfully articulates the current farce in the United States and the feigned righteous indignation from the progressive left over the recent staged political altercation in Charlottesville, Virginia…

I always considered myself as a person with left-wing views, but looking at what is happening in the US I can’t escape the thought that the American left, in its majority, is the dumbest and most useless “comrade” on the planet. As a minimum, to profess liberal views and at the same time to call oneself “leftist” is a bit silly.

The desperate fight of American comrades against “Nazis” in general is comical. They are shocked by a torchlight procession in Charlottesville, while regular torch processions in the capital of Ukraine, which they so fervently support in its “fight for democracy”, don’t shock them. I speak as well about simple red-blue rainbow plankton, as well as about the famous “fighters” against oppression a la Tom Morello (whom I respect as a musician) and other celebrities, cosplaying Che Guevara with a red star on the cap. “A nightmare, Nazis are in America! They hoisted the colors of the confederates and shaved their heads! OH MY GOD”. American “Nazis” are the same clowns as American “anti- fascists”, by the way.

Kids, come into The Ukraine, we will show you Nazis. Real ones. Who kill people… kill massively, proceeding from the racial theory. They kill in savage ways like the SS did in the 40’s. We will show you a whole State that erects monuments to the ideologists and performers of the Holocaust, of Jewish riots, of the genocide of Poles. Who sweep away monuments to the liberators of mankind from Nazism. A State with a Nazi “Ministry of Truth,” repressions against dissent, promotion of racial hatred in schools, on TV, in children’s books. A State in which the Ministry of Internal Affairs supervises a website that incites the committing of murder of unreliable citizens, openly publishing all their personal information as well as members of their families.

So, when you will have such things in America, we will talk. When you have, instead of a car crashing into a crowd of anti-fascists, these anti-fascists like cattle are herded into the local House of Trade Unions and will be burned with Molotov cocktails (finishing off with steel poles those who try to escape), when the FBI creates a website on which it will publish the addresses of those who criticize Trump and the White Race, and the organized alt-right will start to go to these addresses, who, after your murder, will be called “patriots” and will be released, so then we will believe in your whining about Nazis.

And for now, suck on it, Mr American anti-fascists.

This letter was originally published at Stalker Zone, translated by Ollie Richardson and Angelina Siard.

Read the rest @ 21stCenturyWire.com

GRAPHIC: Mexican Cops Appear to Execute Cartel Gunmen on Camera

0

from Breitbart:

REYNOSA, Tamaulipas — A video captured by a citizen journalist in the aftermath of a cartel gun battle appears to show a police officer using his rifle to execute some shooters in a vehicle. The video comes as this border city has undergone four months of terror at the hand of the Gulf Cartel’s campaign for local control–leading to more than 150 confirmed deaths.

The video was captured shortly after a team of Gulf Cartel gunmen with tactical gear, body armor, and machine guns in a black SUV clashed with Tamaulipas law enforcement on the city’s south side.

According to information provided by the Tamaulipas government, police officers were carrying out patrols and spotted a black SUV that drew suspicion. Upon spotting the officers, the cartel gunmen tried to drive off while firing their automatic weapons. The chase ended a few blocks later when the gunmen died, the released information claimed.

Since the shooting, a video captured by a local resident appears to show a police officer in black firing his rifle four times inside the SUV, giving the impression that he executed the survivors. In the cell phone video, the local resident can be heard yelling, “They are finishing them off.”

Leaked photographs from inside the vehicle revealed the bodies of three gunmen, while a fourth died on the streets.

Though the video has drawn criticism, in border states where corruption has become an integral part of the judicial system, most residents favor a hard line approach by police and military forces.

Law enforcement officials in federal and state agencies speaking with Breitbart Texas expressed their favor for tough tactics since released gunmen often seek revenge.

Read More @ Breitbart.com

BRICS Summit Points the Way Out

0

from LaRouche PAC:

A world threatened with the present danger of nuclear war, as newly accentuated by North Korea’s sixth nuclear weapon test this weekend, and with economic devastation wrought by failure to invest in needed infrastructure and scientific advance, as in Texas and the entire Gulf Coast, would do well to rivet its attention on the Sept. 3-5 BRICS Summit, which has begun in Xiamen, China.

Chinese President Xi Jinping, the summit’s host, stated that “peace and development,” and not “conflict and confrontation,” are the policies the planet needs. He pointed to the “rising financial risks” the world faces under the current system, and urged instead that “we should pursue innovation-driven development.” To achieve that, he held up the example of China’s Belt and Road Initiative, and blasted the gossip that this is just one more geopolitical scheme for domination:

“Let me make this clear: The Belt and Road Initiative is not a tool to advance any geopolitical agenda, but a platform for practical cooperation. It is not a foreign aid scheme, but an initiative for interconnected development which calls for extensive consultation, joint contribution and shared benefits. I am convinced that the Belt and Road Initiative will serve as a new platform for all countries to achieve win-win cooperation.”

And for the Doubting Thomases, there is China’s phenomenal, and ongoing, achievement in pulling over 700 million of its own people out of poverty, and their efforts to do the same in the planet’s most challenging impoverished areas—Africa, Haiti, etc.

Russia under Vladimir Putin fully shares that win-win policy commitment of Xi Jinping’s—and the underlying concept of Man’s creativity which drives it forward. In a Sept. 1 dialogue with more than 1 million Russian youth in school classrooms in 24 regions across the country, Putin made the point with eloquence and simplicity:

“Your goal is not just to do something new. That goes without saying. It will, indeed, be something new based on what was created earlier. Your goal is to take a new step forward…. You who are entering a new life, need to bear this in mind, be aware of it and not just do better than previous generations, but do better on a new level…. For us to be able to maintain our sovereignty, and to make the lives of our people and future generations, your children and grandchildren, better than today, it is imperative to make qualitatively new advances.”

Read More @ LaRouchePAC.com

China Begins To Reset The World’s Reserve Currency System

by Dave Kranzler, Investment Research Dynamics:

It’s a strategic move swapping oil for gold, rather than for U.S. Treasuries, which can be printed out of thin air.  – Grant Williams

A report released by the Nikkei Asian Review indicates that China is prepared to release a yuan-denominated oil futures contract that is convertible (backed by) physical gold.  The contract will enable China’s largest oil suppliers to settle  oil sales in yuan, rather than in dollars, and then convert the yuan into gold on exchanges in Hong Kong and Shanghai.

This is a significant step in removing the global reserve currency status of the dollar and resetting the the global economic and geopolitical “landscape.”  Over the past several years, China has quietly established yuan-based currency exchange facilities, which has set up the ability to implement this new non-dollar trade settlement financial instrument. According to the Brookings Institute, 34 Central Banks around the world have signed bilateral local currency swap agreements with the PBoC as of of the end of September 2016, including the major oil-producing countries.  With this new contract, China’s largest oil suppliers will now be able to transact directly with China, and other oil importing countries, using yuan which are directly convertible into gold to settle the trade.

As Alasdair Macleod asserts, “It is a mechanism which is likely to appeal to oil producers that prefer to avoid using dollars, and are not ready to accept that being paid in yuan for oil sales to China is a good idea either.”

Since 1973, OPEC oil has been quoted and traded using to U.S. dollars, otherwise known as “petrodollars.”  The “recycling” of petrodollars into U.S. Treasuries has been the life-blood of the U.S. economic and political system.  In addition to reducing a major source of funding for the the U.S. Government’s enormous deficit spending, the introduction of a gold-backed yuan oil futures contract is an important step toward removing the dollar as the world’s reserve currency. More significantly it reintroduces gold into the global monetary system.

Read More @ InvestmentResearchDynamics.com

Putin Rejects More Korea Sactions, Warns US Risks “Global Catastrophe, Huge Loss Of Human Life”

from Zero Hedge:

After UN Ambassador Nikki Haley asked the security council to pass the “strongest possible” sanctions against North Korea which was “begging for war” following the isolated nation’s sixth nuclear test which took place over the weekend, Russia President Vladimir Putin has hinted that Russia may – and most likely will – use its Security Council veto power to stop any further sanctions from being implemented. 

Putin, who is in China for a meeting of leaders from the BRICS countries, said that sanctions at this point would be “counter-productive” and that US threats of military action could trigger “a global catastrophe and a huge loss of human life,” according to Reuters. Some US diplomats have quietly agreed with the Russian leader, noting that if the barrage of already imposed sanctions on Pyongyang hasn’t changed the country’s behavior, then any incremental actions would likely have no impact either.

 

PUtin added that Pyongyang wouldn’t halt its nuclear tests until it “felt secure.” More details:

“Ramping up military hysteria in such conditions is senseless; it’s a dead end,” he added. “It could lead to a global, planetary catastrophe and a huge loss of human life. There is no other way to solve the North Korean nuclear issue, save that of peaceful dialogue.”

His remarks followed similar statement from China, which chafed at the notion that the US would seek to punish all countries that trade with the North, and similarly suggested that it too would veto any further sanctions on North Korea.

“Russia condemns North Korea’s exercises, we consider that they are a provocation … (But) ramping up military hysteria will lead to nothing good. It could lead to a global catastrophe,” he told reporters. “There’s no other path apart from a peaceful one.”

Putin’s remarks followed South Korea which said it had agreed with the US to scrap a weight limit on its warheads, helping it respond to the North Korea threat after Pyongyang conducted its sixth and largest nuclear test two days ago. While Putin described further sanctions as “the road to nowhere,” he said Russia was prepared to discuss “some details” around the issue, without elaborating.

Read More @ ZeroHedge.com