Wednesday, June 26, 2019

My Views Regarding Prospects for Gold

by Hugo Salinas Price, Plata:

The Chinese have announced that they have perfected a scheme, to be launched formally in the market by the end of the year, by means of which exporters of oil to China will accept the Chinese currency, the Yuan, in payment for the oil; for this deal, the Chinese have added an incentive: the Yuan received by the oil exporters will be exchangeable for gold. This gold will be “sourced” i.e. “purchased” outside of China, for the oil exporters.

Thus, the oil exporters’ Yuan will be offered in payment to the so-called “Bullion Banks” in London, who will provide the gold in exchange for Yuan.

We know that this much is part of the plan.

What follows is my understanding of the situation:

The Bullion Banks are the financial entities that control the price of gold by selling futures contracts, i.e. “paper gold”, that promise to provide gold at a certain price, to speculators who buy the contracts, and who only wish to make a profit in Dollars on their bets that the price of gold will rise, and do not intend to take delivery of physical gold.

Sometimes the speculators win some Dollars, but the vast majority are perpetual losers, because the Bullion Banks can move the price down at any moment and clear out the speculators who were “long” gold. This game has been going on for years and years.

I suppose that the Bullion Banks are not going to want to accept Yuan, in exchange for the delivery of physical gold. They will first convert their Yuan into Dollars, and the only likely provider of Dollars will have to be the Bank of China, and which, by the way, in any case desires to reduce its Dollar holdings. Thus the Bullion Banks will offer Dollars for gold.

This operation kills two birds with one stone: the oil exporters get their gold from London and China reduces its dollar holdings, which they wish to do.

As I see it, here is where the fun begins.

First, the amount of gold which the Bullion Banks can provide will put a very unusual strain upon them. The Bullion Banks are accustomed to control de price of “paper gold” in such a way that they make it extremely difficult for the holders of “paper gold” contracts to obtain delivery of physical gold.

However, as the Chinese scheme comes into operation, this situation will change: a new purchaser of large amounts of physical gold has come upon the scene. A very upsetting development for the Bullion Banks, never before seen by any of the managers of those banks!

Secondly, the amount of oil that goes to China is enormous; China is the largest importer of oil in the world, eight million barrels a day. Saudi Arabia sells about one million barrels a day to China, for Dollars. If only Saudi Arabia decides to take Yuan and gold for those Yuan, we are talking about one million times $50 Dollars per barrel = $50 million Dollars a day; at $1315 Dollars per ounce, that comes to 38,023 ounces of gold – 1.183 tons – which Saudi would take off the gold market every day. Millions of barrels of oil will have to balance in value against a very limited amount of gold available. 1.183 tons a day means the Saudi will be taking 431.8 tons of gold off the market every year, and they are not the only oil exporters that China is wooing; other oil exporters accepting Yuan payment for conversion into gold, might very easily increase the departure from London of 1,000 tons or more of physical gold, every year, whose destination will be Hong Kong or Shanghai, in addition to the gold London has been providing normally.

Inevitably, the very first operation carried out under the Chinese scheme will produce a noticeable rise in the price of gold. When the Yuan belonging to the oil exporters is offered to the Bullion Banks in London, they will convert the Yuan into Dollars, and their bid for gold will have to rise immediately, and with it, the Yuan price of gold at the prevailing exchange rate.

A higher and rising Yuan and Dollar price of gold, means a smaller and diminishing quantity of gold is exchanged for the oil provided by the oil exporters.

As the oil exporters see that they get less gold for their oil every day, they will all hasten to sell their oil before they get even less gold for their oil. The oil exporters in doubt about this deal, will all pile in to sell oil for Yuan and get gold.

To balance the mass of oil received by China, against a limited amount of available gold in London, it will be necessary for gold to skyrocket upward in Yuan terms, and necessarily, in Dollar terms as well.

In effect, the Yuan will suffer a tremendous devaluation against gold, and so will the Dollar. I cannot imagine at what price the gold/oil trade will finally stabilize, but I think it will have to be at manythousands of dollars per ounce.

Read More @ Plata.com.mx

How the US Became a Warmonger Police State

by Paul Craig Roberts, Paul Craig Roberts:

Professor David Ray Griffin is a tenacious person. He has written a number of carefully researched books that demonstrate the extraordinary shortcomings in the official account of the 9/11 attack on the World Trade Center and Pentagon and the subsequent anthrax attack. He has provided the mountains of evidence completely ignored by the US government’s account and the presstitute media.

In his recently published latest book, Bush and Cheney: How They Ruined America and the World , Professor Griffin demonstrates how 9/11 was used by the Zionist Neoconservatives, the Cheney/Bush regime, and the military/security complex with the complicity of Congress and the US media to create Islamophobia among the American public in order to launch wars of aggression against Afghanistan, Iraq, Libya, Yemen, Syria, and provinces of Pakistan with Iran in the crosshairs. These wars are based on lies and fabricated “evidence,” on determination to control pipelines and oil flows, on maximizing profits for the military/security corporations in which Cheney has a personal interest, and on extending neoconservative hegemony over the world.

One consequence has been the destruction of US constitutional protections that protect liberty and violations of US and international law such as the laws against torture.

Another consequence has been millions of displaced refugees from Washington’s wars over-running the countries of Europe.

Indeed, Europe faces a “Camp of the Saints” situation, and the US now has a police state in which all citizens are subject to: indefinite detention (imprisonment) on suspicion alone without conviction or evidence presented to a court; assassination on suspicion alone without due process of law; and total violation of privacy, including body cavities, without presentation of a court warrant. American women are now subjected to having their vaginas examined by police in public on the roadside.

The hoax “war on terror” has turned America into a Gestapo state. Not many Americans directly experience the consequences, but they will be denied valid information as the Gestapo American state closes down all dissent on the grounds that it is harmful to national security. People who speak their minds will find that they no longer have First Amendment protection.

Every passing day truth is less and less prevalent in the United States. Democratic control over the government is already nonexistent. Essentially, Americans live in the Fourth Reich which has already budded and is now blossoming.

Wars and their expense will continue to multiply as the military/security complex uses manufactured “threats” to continue the excessive flow of American resources into more weapons to be used in the destruction of more countries.

Professor Griffin provides the details of the story of how the United States ceased to be a free country ruled by law and became instead a threat both to American civil liberty and to life on earth.

In world polls 25{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of the respondents recognize the United States as the greatest threat to peace in the world. This is 5 times higher than those who regard North Korea and Iran as threats, much less Venezuela which does not even register. When Trump gave his UN speech he should have said that the United States, controlled as it is by the CIA and military/security complex, is the great threat that the entire world faces, including Americans.

Read More @ PaulCraigRoberts.org

Trump Calls North Korean Dictator ‘A Madman Who…Will Be Tested Like Never Before’

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by Susan Jones, CNSNews:

In their ongoing war of words, President Trump is the latest to ante-up, calling North Korean dictator Kim Jong-un a “madman” in one of his early Friday morning tweets:

 

“Kim Jong-un of North Korea, who is obviously a madman who doesn’t mind starving or killing his people, will be tested like never before!” Trump tweeted around 6:30 a.m.

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This follows Kim’s rare, personal response to Trump’s speech at the United Nations on Tuesday, when Trump warned that “we will have no choice but to totally destroy North Korea” if the rogue regime forces the U.S. to defend itself or its allies.

 

On Friday, responding to Trump, Kim described the U.S. president as “mentally deranged” and a “dotard,” and said the U.S. would “pay dearly” for his threat.

 

Kim warned his regime may take “a corresponding, highest level of hard-line countermeasure in history,” according to the statement released by its official KCNA news agency.

Read More @ CNSnews.com

Russia and China Planning Massive Infrastructure and Investment in BOTH Koreas

by Pepe Escobar, Russia Insider:

Maybe this is why the globalists are so eager to bomb both Koreas into the stone age …

The United Nations Security Council’s 15-0 vote to impose a new set of sanctions on North Korea somewhat disguises the critical role played by the Russia-China strategic partnership, the “RC” at the core of the BRICS group.

The new sanctions are pretty harsh. They include a 30{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} reduction on crude and refined oil exports to the DPRK; a ban on exports of natural gas; a ban on all North Korean textile exports (which have brought in US$760 million on average over the past three years); and a worldwide ban on new work permits for DPRK citizens (there are over 90,000 currently working abroad.)

But this is far from what US President Donald Trump’s administration was aiming at, according to the draft Security Council resolution leaked last week. That included an asset freeze and travel ban on Kim Jong-un and other designated DPRK officials, and covered additional “WMD-related items,” Iraqi sanctions-style. It also authorized UN member states to interdict and inspect North Korean vessels in international waters (which amounts to a declaration of war); and, last but not least, a total oil embargo.

“RC” made it clear it would veto the resolution under these terms. Russian Foreign Minister Sergey Lavrov told the US’ diminishing Secretary of State Rex Tillerson Moscow would only accept language related to “political and diplomatic tools to seek peaceful ways of resolution.” On the oil embargo, President Vladimir Putin said, “cutting off the oil supply to North Korea may harm people in hospitals or other ordinary citizens.”

“RC” priorities are clear: “stability” in Pyongyang; no regime change; no drastic alteration of the geopolitical chessboard; no massive refugee crisis.

That does not preclude Beijing from applying pressure on Pyongyang. Branch offices of the Bank of China, China Construction Bank and Agricultural Bank of China in the northeastern border city of Yanji have banned DPRK citizens from opening new accounts. Current accounts are not frozen yet, but deposits and remittances have been suspended.

To get to the heart of the matter, though, we need to examine what happened last week at the Eastern Economic Forum in Vladivostok – which happens to be only a little over 300 km away from the DPRK’s Punggye-ri missile test site.

Something the west always forgets is that Russia and China share a border with North Korea. No one is more interested in a peaceful resolution to the conflict than them, as any war would likely spill into their countries. The US, on the other hand, is across an ocean.

It’s all about the Trans-Korean Railway

In sharp contrast to the Trump administration and the Beltway’s bellicose rhetoric, what “RC” proposes are essentially 5+1 talks (North Korea, China, Russia, Japan and South Korea, plus the US) on neutral territory, as confirmed by Russian diplomats. In Vladivostok, Putin went out of his way to defuse military hysteria and warn that stepping beyond sanctions would be an “invitation to the graveyard.” Instead, he proposed business deals.

Largely unreported by Western corporate media, what happened in Vladivostok is really ground-breaking. Moscow and Seoul agreed on a trilateral trade platform, crucially involving Pyongyang, to ultimately invest in connectivity between the whole Korean peninsula and the Russian Far East.

South Korean Prime Minister Moon Jae-in proposed to Moscow to build no less than “nine bridges” of cooperation: “Nine bridges mean the bridges of gas, railways, the Northern Sea Route, shipbuilding, the creation of working groups, agriculture and other types of cooperation.”

Crucially, Moon added that the trilateral cooperation would aim at joint projects in the Russian Far East. He knows that “the development of that area will promote the prosperity of our two countries and will also help change North Korea and create the basis for the implementation of the trilateral agreements.”

Adding to the entente, Japanese Foreign Minister Taro Kono and South Korean Foreign Minister Kang Kyung-wha both stressed “strategic cooperation” with “RC”.

Geo-economics complements geo-politics. Moscow has also approached Tokyo with the idea of building a bridge between the nations. That would physically link Japan to Eurasia – and the vast trade and investment carousel offered by the New Silk Roads, aka, the Belt and Road Initiative (BRI) and the Eurasia Economic Union (EAEU). It would also complement the daring plan to link a
Trans-Korean Railway to the Trans-Siberian one.

Seoul wants a rail network that will physically connect it with the vast Eurasian land bridge, which makes perfect business sense for the fifth largest export economy in the world. Handicapped by North Korea’s isolation, South Korea is in effect cut off from Eurasia by land. The answer is the Trans-Korean Railway.

Read More @ Russia-Insider.com

India: The Genie of Lawlessness is out of the Bottle

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by Jayant Bhandari, Acting Man:

Recapitulation (Part XVI, the Last)

Since the announcement of demonetization of Indian currency on 8th November 2016, I have written a large number of articles. The issue is not so much that the Indian Prime Minister, Narendra Modi, is a tyrant and extremely simplistic in his thinking (which he is), or that demonetization and the new sales tax system were horribly ill-conceived (which they were). Time erases all tyrants from the map, and eventually from people’s memory.

 According to the Global Slavery Index, an estimated 18 million Indians, equivalent to half the total population of Canada, are bonded, modern slaves.
According to the Global Slavery Index, an estimated 18 million Indians, equivalent to half the total population of Canada, are bonded, modern slaves.

My interest has been mostly to use these events to document the underlying causes of such utter missteps, which technically must be called stupid, and to explain how the real disease runs much deeper and much wider, and that no solutions for this can be found in the next elections.

My interest has been to explore the socio-cultural foundations of India that keep it perennially poor, wretched, and diseased, a state from which it never seems able to escape. I have attempted to dissect the unwitting tendency of Indians to destroy any material or civilizational advantages, which in the last 300 years have all accrued as products of extraneous events: Free gifts of Western experience and civilization, management skills, and technology, all offered on a platter.

Vegetables being washed in sewage water. This gives shine and color to vegetables. But do you really want to eat vegetables washed in human excreta? Even for such basic commodities, one must look for a trustworthy seller. In a tribal society, big institutions simply do not work.

 

I have attempted to show that now that since the British left 70 years ago, Indian institutions have continued to fray, degenerate, degrade, and fall apart. The British left a robust judiciary, a university system, and parliament in place. Except for their facades, all these institutions are now soulless shells, something that politically correct intellectuals at the IMF, the World Bank, etc., completely fail to see.

The math is very simple: If Western institutions are to be imposed on India, such institutions must be run by Westerners as well. The corollary is also very simple: Without the British running India, India cannot continue to exist the way the British left it.

Read More @ Acting-Man.com

China Increases Its Influence Over Afghanistan

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by Vladimir Platov, New Eastern Outlook:

It’s hardly a surprise that the United State is not the only state to recognize the geopolitical importance of Afghanistan. Among the other nations deeply involved in this Central Asian state is China. Ever since 2011, when the Heart of Asia summit was launched, China has been making every effort to establish better ties with all nations engaged in the reconstruction of Afghanistan. Beijing would organize meeting with its regional partners, including Iran, Pakistan and Russia, while working closely with the quadripartite coordination group that consists of Afghanistan, Pakistan, the United States and China itself, as well as the Taliban.

However, over the last three years China has increasingly grown interested in establishing closer ties with Afghanistan more directly. After the withdrawal of the better part of US occupying forces, Beijing sent a group of officials led by Foreign Minister Wang Yi to Kabul. In fact, over the past three years, Beijing would provide more assistance to Afghanistan than it has over the previous thirteen years.

Chinese Interests in Afghanistan

The reasoning behind Beijing’s motivation has been pretty clear all along. It seeks both a gradual decrease in the number of NATO troops deployed in Afghanistan in order to reduce Washington’s influence and to create a “buffer of stability” around China’s national borders. At the same time, officials in Beijing are forced to realize that as long as the situation in Afghanistan remains unstable, NATO and US forces will have a pretext for prolonging their military presence in territory directly bordering China.

In addition, it is of extreme importance for Beijing to ensure a secure implementation of its On Belt, One Road (OBOR) economic initiative, to weaken the positions of various terrorist groups operating in the region, including ISIS. Such groups ensure Central Asia remains a potentially explosive political landscape. This allows terrorists to keep Beijing at all times worried about stability both at home and across the region. What’s worse is that the ever present tension in the Central Asia can potentially jeopardize the promising OBOR initiative.

An abrupt increase in ISIS activities in Afghanistan and Central Asia have been a point of China’s increasing concern, since this threat can only be countered with the assistance of regional players along with steadily increasing anti-terrorist efforts by China and Russia. Beijing believes that ISIS militants are capable of infiltrating China’s territory through the Pakistan-China border in a bid to somehow attempt to derail OBOR.

China and the fight against international terrorism

In this regard, in recent years, China has launched the fight against international terrorism, joining its efforts with the countries of Central and South Asia, especially with Afghanistan, while advocating an increase in security spending for regional players to be able to effectively counter the growing terrorist threat. It’s no wonder then that Beijing has been at the helm of pretty much every major anti-terrorist exercise in the region since. Such a policy is being pursued by Beijing largely due to the fact that according to its estimates in the medium to long term, when conflicts across the Middle East end, ISIS will eventually make Afghanistan along with other Central Asian states a go-to area of operations.

For these reasons, ever since 2016, China’s authorities have been strengthening their state borders, while holding anti-terrorist exercises of their own. It’s also curious that according to today’s Chinese legislation, Beijing may consider deploying its troops to the territory of a neighboring state in the event that China’s national security is threatened.

If one is to take into account Russia’s experience in providing assistance to Damascus in its anti-terrorist efforts, while taking into account the desire of the US to increase its influence in Afghanistan and other countries of the region, China’s politicians may be planning an increase in investments provided to the states of the region as their own form of counterbalance.

Read More @ Journal-NEO.org
 

Is Identity Politics Brewing a Holocaust?

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by Paul Craig Roberts, Paul Craig Roberts:

Signs of American collapse are everywhere. Apparently no one notices. The world continues to vote with the US in the UN. When even Russia and China serve as handmaidens to US foreign policy by voting with Washington against North Korea, it appears that the image of America as the exceptional and indispensable country is a propaganda success even among Washington’s most threatened enemies. When Russia and China follow Washington’s lead, it shows the world that there is no alternative to Washington’s leadership.

A country with a $20 trillion public debt, an even larger private debt, a work force drowning in debt and employed in third world lowly paid domestic services, a stock market pumped up beyond all reason by Federal Reserve liquidity and companies using their profits to repurchase their own stock, a military that’s been tied down for 16 years by a few lightly armed Muslims, a propaganda ministry instead of a media with public ignorance the consequence, and with a total collapse of morality in public and private institutions along with the disappearance of courage, is nevertheless able to make the entire world dance to its tune. Washington is the Wizard of Oz.

Washington in the past 16 years has destroyed in whole or part seven countries, murdering, maiming, orphaning, widowing, and displacing millions of peoples. Yet Washington still presents itself as the great defender of human rights, democracy, and all that is good. The American people have voiced few words of protest against the massive crimes against humanity committed by “their” government.

The UN has not passed a resolution condemning the United States government for its endless aggressions, horrendous war crimes and illegal interventions against other countries.

Washington relies on threats and not diplomacy, and this is acceptable to the world. The UN sits as an American Approval Society because it is funded by American money.

Security agencies have become police state agencies, and they have transformed the obligation in the US military code to report war crimes into acts of treason that result in prison sentences. The US military code, just like the US Constitution and the laws that enforce it, is dead letter law, ignored and unenforced.

Consider the case of Bradley/Chelsea Manning. Bradley Manning released a film showing US troops murdering journalists, pedestrians, a good samaritan and his children as if it were a video game. These murders are war crimes. But it was Manning, who revealed them, not those who committed them, who was punished.

After release from prison Chelsea Manning was recently appointed by Harvard University’s Kennedy School as a visiting fellow. Most likely Harvard made the appointment to show support for the transgendered, not for truth-tellers wrongly convicted and turned into felons. The consequence was an uproar. I mean, really, how dare Harvard appoint a truth-teller. Manning might bring the entire Matrix crumbling down.

To prevent that Mike Morell, former deputy and acting director of the CIA, resigned his non-resident senior fellowship at Harvard, on the grounds that he “cannot be part of an organization that honors a convicted felon and leaker of classified information.” Morell is comfortable with his opposition to Manning as a truth-teller. Morell is concerned only that he might be perceived as biased against the transgendered. So Morell added to his resignation letter that “It is important to note that I fully support Ms. Manning’s rights as a transgender American, including the right to serve our country in the US military.” http://ijr.com/the-declaration/2017/09/974664-ex-cia-chief-delivers-blistering-quit-harvard-latest-hire-convicted-leaker-manning/?utm_campaign=Conservative{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}20Daily&utm_source=hs_email&utm_medium=email&utm_content=56364361&_hsenc=p2ANqtz-90FWYOJKtzTJE_i-iTjvCJMl3zW9G7Hkuo1svylTWfC2zw4FHp1ccdUmUO6HY0J1VlaYW9VPzQDIczEfhw7578dcDDew&_hsmi=56364361

Remember, Morell is the crazed immoralist who said on the Charlie Rose TV show that the US should start killing Russians to give them a message. It should scare Americans to death that such an insane person as Morell can reach the top ranks of the CIA.

Harvard, of course, collapsed under CIA pressure and cancelled Manning’s appointment.

Did anyone complain to Harvard about Morell’s appointment? Morell, unlike Manning, is a real felon, although a non-convicted one. As a CIA official, Morell is associated with the CIA torture program, a felony under both US and international law. Harvard and Morell are OK with torture, but telling the truth about it is a no-no. As Morell sees it, it is not damaging for America to commit war crimes as long as Manning doesn’t tell anyone about it.

The only reason for classifying information is to protect the government’s endless crimes from exposure. Yet the entirety of the US government, law schools, and the courts that are supposed to uphold the law, are silent about the policy that makes government crimes undiscoverable and that condemns whistleblowers who reveal the otherwise undiscoverable crimes.

Read More @ PaulCraigRoberts.org