Tuesday, July 16, 2019

Under the US Radar: The BRICS

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by Deena Stryker, New Eastern Outlook:

As the ninth annual BRICS gathering, held this year in China, comes to an end, it’s time to point out that these five nations representing some 23{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of the world’s economy and 43 {5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of its population, is almost totally absent from the Western media. Yet the very fact that 43{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of the world’s population only accounts for 23{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of its wealth should make the ‘developed world’ take notice.

In what may seem like a contradiction, the reason why this has not happened in the eleven years since the organization’s founding, is that it embodies the world’s challenge to American hegemony. Most Americans have never heard the word BRICS, let alone being aware that it stands for Brazil, Russia, India, China, South Africa.

Coincidentally, as I write this, Peter Lavelle’s Crosstalk on RT is discussing this very issue and specifically, who stands to gain from the US refusal to acknowledge the growing list of international economic organizations centered around Russia and China. Dmitry Babich commented that the US doesn’t even notice the Eurasian Economic Union, while Marc Svoboda asserted that Russians and their allies actually want to be decoupled from the West. Svoboda also mentioned that Iran and Egypt had both accepted invitations to the BRICS meeting, foreshadowing the possibility of a gradual healing of the Sunni-Shia rift.

Dare I suggest that when Emanuel Macron, France’s new under-forty president invites the two Libyan heads of government to meet in Paris, he is following Vladimir Putin’s example? The problem without initiative was that it was done without Italian involvement, despite the fact that, as one diplomat put it, Italy is the “European member state that has the most granular understanding of the situation on the ground.” Apparently, Macron needs to be more attentive to the Putin style.

For decades the US dictated the behavior of the world community but since Vladimir Putin acted on the socialist principle of non-interference in Syria by assisting the government under attack by the US and its proxies, the US is no longer seen as the ‘indispensable nation’, as Obama liked to say, and that in fact, it is responsible for much of what is wrong with the world.

As populations increasingly notice how differently from their American counterpart the Russian and Chinese Presidents interact with the world, the BRICS, the Eurasian Economic Union, the Shanghai Development Bank and the various other ‘peripheral’ international institutions will become household words. (As I was writing this, Kiril Dmitriev, the head of Russia’s Direct Investment Fund was telling RT’s Lindsey Graham about deals with Japan and South Korea….)

Read More @ Journal-NEO.org
 

Read James Rickards Warning Letter to President Trump About the SDR & The Death of the Dollar

Dear President Trump: America is in for a Rude Awakening in January

by James Rickards, Daily Reckoning:

Dear President Trump,

Over the last couple of years I’ve been all over TV… from Fox News to CNBC, CNN and Bloomberg. I’ve been telling our fellow Americans that the financial global elite was planning to issue their own globalist currency called special drawing rights, or SDRs.

And that those elites would use this new currency to replace the U.S. dollar as the global reserve currency.

I’ve even written about this extensively in my best-selling booksThe Road to Ruin and The New Case for Gold.

I’m sure some people in the mainstream media thought I was out of line — but the United Nations and the International Monetary Fund (IMF) have both confirmed this plan to replace the U.S. dollar is real. I’ve made this warning many times, but it seems to be falling on deaf ears. That’s why I’m writing directly to you.

Here’s the proof that the U.S. dollar is under attack, right in front of our eyes:

The UN said we need “a new global reserve system… that no longer relies on the United States dollar as the single major reserve currency.”

And the IMF admitted they want to make “the special drawing right (SDR) the principal reserve asset in the [International Monetary System].”

More recently, the IMF advanced their plan by helping private institutions, such as the UK’s Standard Chartered Bank, issue bonds in SDRs.

Although our mainstream media ignored this major event, the UK media reported:

This is all happening. And on January 1st, 2018, this trend to replace the U.S. dollar will accelerate. That’s when the global elite will implement a major change to the plumbing of our financial system.

It’s a brand-new worldwide banking system called Distributed Ledger Technology. And it will have a huge impact on seniors who are now preparing for retirement.

When this system goes live, many nations will be able to dump the U.S. dollar for SDRs.

For now, the U.S. dollar is still the world’s reserve currency. Other nations have to hold and use the U.S. dollar for international trade, instead of their own currencies.

This creates a virtually unlimited demand for U.S. dollars, which allows us to print trillions of dollars each year to pay for wars, debt and anything we want. It keeps our country operating.

Now, we can see that the global elites are working to unseat the U.S. dollar as the global reserve currency.

Here are the three key pieces of information that prove this will happen.

Fact #1 — The IMF issues a globalist currency called special drawing rights, or SDRs.

Fact #2 — The IMF has confirmed they want to replace the U.S. dollar with SDRs.

Fact #3 — The IMF has confirmed Distributed Ledgers can be used for “currency substitution”… and they’ve even set up a special task force to speed up implementation.

The IMF is using this technology to create an SDR payment system, because that’s the currency they issue.

As you know, Christine Lagarde, head of the IMF, is the woman in the middle.

When asked about the task force, she said:

“As I see it, all this amounts to a brave new world for the financial sector.”

Yes, a brave new world where the dollar is no longer the world reserve currency.

Barbara C. Matthews, a former US Treasury Department attaché to the European Union, has reached the same conclusion.

She said the link between the globalists’ currency and Distributed Ledgers “is impossible to avoid.”

And that “the IMF seems to be exploring the possibility of permitting a broader use of [their globalist currency] beyond internal transactions among member central banks.”

Make no mistake, if the IMF is planning to use Distributed Ledgers to replace the U.S. dollar with SDRs. And just to be clear, when SDRs take over, the American people will be left with devalued dollars.

Read More @ DailyReckoning.com

The Meaning of 911 Fifteen Years After

from BATR:

What kind of an American are you? Will you mourn the dead or will you celebrate the government as protector of national security? For thoughtful and historically balanced realists the correct reaction is that the last remnants of the Republic collapsed with the twin towers and burned with the response from the Pentagon fire. Most docile and obedient subjects of the despotic regime that have morphed into outright tyranny still believe the official report from The National Commission on Terrorist Attacks Upon the United States, provides the definitive details on the 911 investigation.

Fifteen years later, fewer and fewer people reflect on what actually occurred and the profound significance that transformed the country into a permanent belligerent in international affairs and a domestic police state. With the passage of The Patriot Act and The National Defense Authorization Act, the fundamental principles of our constitutional republic were betrayed to the very core of the bone marrow and essence of the nation.

Still, there is another reaction with the passage of the years. As the population becomes more detached to reality and people become immersed into a culture of trivia, self-absorption and detraction; the entire society moves even further into a fatal resignation that government is all powerful and cannot be challenged.

The simple question begs a different answer. Is America safer since the War on Terror was invoked? Surely, no intelligent person could believe we are the Land of the Free. Lamenting the lack of outrage, replaced with a condition of surrender that the evidence found on 911 a saga of deceit and lies is not important, is the greatest legacy of the insidious and planned plot to transfer the United States into a globalist gulag of subjugation to the New World Order.

Frankly, it gets old when the public keeps dismissing the dire state of the existential demise that America faces not from foreign threats, but from internal betrayal and treason coming out of the very officials and power elites that impose the ridiculous narrative spun straight out of the falsehoods that the establishment accepts as gospel articles of faith.

In order to understand the nature of this alternative universe, go down memory lane and examine several of the BATR articles that cover the War OF Terror that came directly from the 911 and the dates when originally published.

The initial essay comes on the heels of the vary day of horror, When Will America Learn?

“America will cease to exist when a public whose emotional naiveté will scream for retribution will readily accept totalitarian measures! Folks, the enemy is us; for our involvement in the creation of hostilities that seeks to obliterate our symbols of ‘Pax American’.”

A month after, The Harsh Economic Costs of 911 essay dealt with the economic consequences and even compared Donald trump to Gail Wynand in Fountainhead by Ayn Rand.

“The reality of this fiction was much different. The expansion of central authority and control over the economy is now on a pace that will rival the collapse of the Twin Towers. The direct causalities of the rebuilding process will be small business, the entrepreneur and the hired help. Corporate America will receive the major share of business, and in the process will sever their remaining higher paid employees. Loyal and experienced personnel will be pushed aside for youth that will work for half the cost. Functions formally considered as automatic, will fail. Services that were once rudimentary will become optional. Business practices that are essential for success will go undone. Problems that require solutions will be multiplied with new ones, stemming from incompetent staff. The products for growth will be ineptitude.”

At the second anniversary,  911 + 2 column covered the taboo topic that links the suicidal foreign policy that protects Israel, which ultimately destroys our own security.

“The Middle East is a drainpipe for perpetual blood and eternal death. The polemic that terrorists hate us because of our freedom is lunacy. The reality is evident for any honest person who has the courage to confront the betrayers. The partnership in crime with Israel is the root cause of regional turmoil. What benefit comes back to America from fighting a war of conquest for Zionist aspirations? As long as U.S. foreign policy serves Lukidnik zealots, our only reward will be piles of bloody body bags.”

The significant article, 911 has become the ultimate excuse, strips away the official bull shit and illustrates the absurdity that the main stream media maintains about the Building 7 implosion.

“Once again your government has been caught in a lie, but this time the vast majority has willingly accepted their blind, deaf and dumb condition. Without a judicious investigation into the Building 7 incident, no serious person can maintain credibility. Hiding from an unpleasant truth, while boasting a vindication for a government gone mad, is even more insane. You can’t trust the crew that deals in treachery. Do your own research on what happened to Building 7, review the evidence provided from the cited sources and draw you own conclusion. But please stop using 911 as a categorical excuse to justify the destruction of America, by the elements that desire the ending of liberty. Most of these forces are the faces you see each day. Now who are you going to believe?”

When seasoned observers challenge the focus and direction of homeland security, the establishment elites desperately want to avoid The Real Threat to National Security.

“Is the threat from foreign terrorists the undertaking of homeland insecurity?  The preoccupation since 911 with a self-serving “War of Terror” has been masked under the appearance of national security.  Tracking down targeted Jihad terrorists and waging regional search and destroy missions has become the growth industry of the new millennium.  The rationale and justification for such a protracted conflict rests upon a cowardly attack on American soil.  If you listen to the official version of events anyone who questions the validity of blaming Islamic Fascists must be unpatriotic.”  

Finally, the assessment a decade later in 911 Ten Years After, has only intensified at this latest water mark of globalization absolutism.

“Our economy is in meltdown. Exercising our freedoms are condemned as expressions of terrorism. Troops serving the transnational corporatist interests are used as, tools or targets, for butchery. The NeoCons and now the NeoLibs, betray every loyal American for their Talmud masters. Those who are unable to distinguish between Zionist rulers and expendable Jews or Israelis, share the same mental disease, as those who buy into the Al-Qaeda 911 myth of Islamic mastermind terrorism. The elites that further their global empires are quite eager to exterminate American, European, Jewish and Moslems in their quest for total supremacy.”

At what point in time and under the fable tale newspeak, which comes out of the politically correct culture will Americans grow up and face the harsh reality that the country is no longer a society that respects bill of right protections? The system of governance has become pure totalitarianism since 911.

For a definite source on constitutional law and civil liberties the incomputable John W. Whitehead from The Rutherford Institute presents a memorable case on indentifying a list of frightful developments during the last fifteen years.

The Tyranny of 9/11: The Building Blocks of the American Police State from A-Z

“Since the towers fell on 9/11, the American people have been treated like enemy combatants, to be spied on, tracked, scanned, frisked, searched, subjected to all manner of intrusions, intimidated, invaded, raided, manhandled, censored, silenced, shot at, locked up, and denied due process.

In allowing ourselves to be distracted by terror drills, foreign wars, color-coded warnings, underwear bombers and other carefully constructed exercises in propaganda, sleight of hand, and obfuscation, we failed to recognize that the true enemy to freedom was lurking among us all the while.

The U.S. government now poses a greater threat to our freedoms than any terrorist, extremist or foreign entity ever could.”

All this methodical repression rests upon the self-justification that 911 requires that citizens must relinquish their God given natural rights to an all imperial and authoritarian state.  This is the final and lasting consequence of accepting scripted disinformation that conceals a false flag and treasonous plot, designed to enable the controllers and traitors to destroy the Republic.

BREAKING ALL THE RULES is weary of the ignorance and complicity of the brain dead  zombies that live a pathetic existence in a virtual mind controlled hellhole. The depths of American Denial have only intensified within the deceptive informational overload society, since 911.

Facts, proof and immutable truth is condemned, whenever such data and empirical evidence contradicts with the storyline myths and illogical scenarios, needed to rationalize the continued World at War. There is no possible peace as long as the 911 fraud continues and idiots believe all the official lies over the last decade and a half. As more time passes into the memory hole of collective ignorance, the imperious despotism intensifies and expands into total tyranny. 

SARTRE – September 11, 2016 

Read More Great Content at BATR.org

China Warns Trump: “We Will Back North Korea If The US Strikes First”

from ZeroHedge:

All day Saturday, South Korea braced for a possible new missile test by North Korea as the provocative northern neighbor marked its founding anniversary, just days after its sixth and largest nuclear test rattled global financial markets and further escalated tensions in the region. Throughout the week, South Korean officials warned the North could launch another intercontinental ballistic missile, in defiance of U.N. sanctions and to further provoke the US. As Reuters reports, Pyongyang marks its founding anniversary each year with a big display of pageantry and military hardware. Last year, North Korea conducted its fifth nuclear test on the Sept. 9 anniversary.

Ultimately, September 9 came and went, and North Korea did nothing, perhaps signalling its eagerness to de-escalate. Or perhaps not, and Kim is simply looking to surprise his adversaries with the ICBM launch date. Experts have said the rogue, isolated regime is close to its goal of developing a powerful nuclear weapon capable of reaching the United States, something Trump has vowed to prevent.

Celebrating its founding anniversary, a front-page editorial of the Saturday edition of North Korea’s official Rodong Sinmun said the country should make “more high-tech Juche weapons to continuously bring about big historical events such as a miraculous victory of July 28.”. The July date refers to the intercontinental ballistic missile test (Juche is North Korea’s homegrown ideology of self-reliance that is a mix of Marxism and extreme nationalism preached by state founder Kim Il Sung, the current leader’s grandfather).

* * *

Meanwhile, South Korean nuclear experts, checking for contamination, said on Friday they had found minute traces of radioactive xenon gas but that it was too early to link it to Sunday’s explosion. The Nuclear Safety and Security Commission (NSSC) said it had been conducting tests on land, air and water samples since shortly after the North Korean nuclear test on Sunday. There was no chance the xenon “will have an impact on South Korea’s territory or population”, the agency said.

What is more concerning, however, is a Friday report on NBC, according to which Trump is readying a package of diplomatic and military moves against North Korea, including cyberattacks and increased surveillance and intelligence operations, after the nation’s sixth and largest nuclear test.

Trump’s top national security advisers walked him through a range of options over lunch in the White House on Sunday, just hours after North Korea’s latest test, officials said.

According to NBC, Trump is also seriously considering adopting diplomatically risky sanctions on Chinese banks doing business with Pyongyang and upgrading missile defense systems in the region, administration officials said. In addition, the administration is not ruling out moving tactical nuclear weapons to South Korea should Seoul request them, a White House official said, though many consider such a move a nonstarter. It would break with nearly three decades of U.S. policy of denuclearizing the Korean Peninsula.

U.S. officials have also made the case to China that if Beijing doesn’t take stronger steps against North Korea, such as cutting off oil exports, South Korea and Japan are likely to pursue their own nuclear weapons programs and the U.S. won’t stop them, the official said. “It’s more a message for China than North Korea,” the official said.

The U.S. has adopted sanctions aimed at Chinese entities that conduct business with North Korea, but has so far held back on broadly targeting China’s banking system. China has told U.S. officials it would protest such a move diplomatically and retaliate, according to the senior administration official.

So what happened on Sunday? According to NBC, Trump’s national security advisers presented him with U.S. military options, including pre-emptive strikes, and nuclear capabilities should America be called on to abide by its treaty obligations in the region, White House and defense officials said.

The president’s advisers have made the case, however, that military strikes on North Korea could have serious repercussions, senior defense officials said, and the most glaring among these is that China has told administration officials that if the U.S. strikes North Korea first, Beijing would back Pyongyang, a senior military official told NBC.

This is not the first time China has warned the US not to escalate: on August 11, Beijing, through the state-owned media, cautioned the US president on Friday that it would intervene (militarily) on North Korea’s behalf if the US and South Korea launch a preemptive strike to “overthrow the North Korean regime,” according to a statement in the influential state-run newspaper Global Times.

“If the U.S. and South Korea carry out strikes and try to overthrow the North Korean regime and change the political pattern of the Korean Peninsula, China will prevent them from doing so,” it said.

At the same time, the Chinese regime made it clear that its preferred outcome would be a continuation of the status quo, warning Kim Jong Un, or perhaps Trump, that it would “remain neutral if North Korea were to strike first.”

As we said almost one month ago:

“not surprisingly, analysts have compared the standoff between the two nuclear powers (the North is a recent, if untested, member of this club) to a modern day Cuban Missile crisis.  “This situation is beginning to develop into this generation’s Cuban Missile crisis moment,” ING’s chief Asia economist Robert Carnell said in a research note. “While the U.S. president insists on ramping up the war of words, there is a decreasing chance of any diplomatic solution.

Read More @ ZeroHedge.com

Keiser Report: RIP, Petrodollar? (E1121)

from RT:

In the second half, Max interviews Michael Pento of PentoPort.com to discuss the oil-gold-yuan futures contract, North Korea, hurricanes and coming market meltdowns.

WOW! Saudi Government Reportedly Funded A ‘Dry Run’ For 9/11 Attack

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by Joshua Caplan, The Gateway Pundit:

While the Saudi government’s involvement in 9/11 has long been suspected, a shocking new report reveals new details about the Kingdom’s alleged role in the historic terror attack. According to Fox News, a lawsuit states the Saudi’s Washington embassy may have funding a ‘dry run’ for a 9/11 attack. 

Fox News reports:

Fresh evidence submitted in a major 9/11 lawsuit moving forward against the Saudi Arabian government reveals its embassy in Washington may have funded a “dry run” for the hijackings carried out by two Saudi employees, further reinforcing the claim employees and agents of the kingdom directed and aided the 9/11 hijackers and plotters.

Two years before the airliner attacks, the Saudi Embassy paid for two Saudi nationals, living undercover in the US as students, to fly from Phoenix to Washington “in a dry run for the 9/11 attacks,” alleges the amended complaint filed on behalf of the families of some 1,400 victims who died in the terrorist attacks 16 years ago.

The court filing provides new details that paint “a pattern of both financial and operational support” for the 9/11 conspiracy from official Saudi sources, lawyers for the plaintiffs say. In fact, the Saudi government may have been involved in underwriting the attacks from the earliest stages — including testing cockpit security.

“We’ve long asserted that there were longstanding and close relationships between al Qaeda and the religious components of the Saudi government,” said Sean Carter, the lead attorney for the 9/11 plaintiffs. “This is further evidence of that.”

As TGP reported last year, lawmakers called on the Obama White House to release redacted pages from the 9-11 Commission Report.

The report shows Saudi official Fahad al-Thumairy met with 9-11 hijackers Nawaf al-Hazmi and Khalid al-Mihdhar upon their arrival in Los Angeles in Jan. 2000.

Nawaf Alhazmi (left), and Khalid Almihdhar (right). [Source: FBI]

CBS Local reported:

Lawmakers are calling on the White House to declassify more than two dozen pages in the 9/11 Commission report that they say outlines evidence for possible support from the Saudi government for two hijackers who settled in Southern California.

A CBS News “60 Minutes” report quoted officials familiar with the 2003 report as saying 28 pages of redacted information raises questions over whether Saudi officials were involved in assisting Nawaf al-Hazmi and Khalid al-Mihdhar upon their arrival in Los Angeles in Jan. 2000.

Former Democratic congressman and U.S. ambassador to India Tim Roemer told “60 Minutes” the two Saudi nationals found a way to gain access to housing and flight lessons upon their arrival despite “extremely limited language skills and no experience with Western culture.”

“L.A., San Diego, that’s really you know, the hornet’s nest,” said Roemer. “That’s really the one that I continue to think about almost on a daily basis.”

According to the report, witnesses say both al-Hazmi and al-Mihdhar met at the King Fahad mosque in Culver City with Fahad al-Thumairy, “a diplomat at the Saudi consulate known to hold extremist views.” He was denied reentry to the U.S. in 2003 for suspected terrorist ties.

Thumairy was a “a ghost employee with a no-show job at a Saudi aviation contractor outside Los Angeles while drawing a paycheck from the Saudi government”, according to the report.

Read More @ TheGatewayPundit.com

Firemen Abandon House Blaze After Being Attacked in Swedish No-Go Zone

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by Chris Tomlinson, Breitbart:

Firefighters in the southern Swedish city of Malmö were forced to let a building burn to the ground after they were violently attacked by locals who threw glass bottles at them.

The fire, which occurred in the city’s suburb of Kroksback, initially started after two cars in a car park were set on fire Thursday at around 9 pm. Police and fire crews were called and arrived on the scene shortly after, whilst another fire started at a nearby building on Sörbäcksgatan street, police said in a press release.

As the firemen tried to put out the second blaze, glass bottles were thrown at them and at their vehicles. The attack forced the firemen to abandon the blaze which engulfed the building and burned it to the ground.

Police who arrived on the scene were also attacked with glass bottles though the police report does not specify what damage was done to their vehicles or any injuries sustained by the emergency personnel.

Authorities also added that they do not know if there is any connection between the two fires, though both are suspected to be arson.

Attacks on emergency services personnel in Sweden are far from rare in certain areas that have become known globally as “no-go zones”. In some of the more notorious heavily migrant-populated suburbs like Husby, Tensta, and Rinkeby in Stockholm, police, firemen and ambulance workers have been attacked on multiple occasions.

The situation has become so bad in some areas that ambulance unions have asked for bullet proof vests to be given to paramedics working in problem areas.

Some of the violence against emergency workers has even been caught on camera. Dramatic footage originally broadcast in 2015 showed police being attacked in several no-go areas and being told by locals, “you are not in charge here”.

Read More @ Breitbart.com

Declassified CIA Docs Say Hitler Was Alive and Well in Argentina in the 1950s

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from Sputnik News:

Declassified CIA files show that in 1955, an informant boasted about meeting with Adolf Hitler in Colombia, and provided pictures of himself with the Fuhrer – over 10 years after the Fuhrer’s suicide.

Declassified files show that in 1955, the CIA’s Western Hemisphere Division (WHD) chief received a secret memo, boasting a subject line that no doubt caused him to jump up from his chair, and spew any liquid in his mouth across the room — “Operational: Adolf Hitler.”

As the shocking title implies, the acting station chief in Venezuela claimed to have received a once in a lifetime tip from one of his contacts — a decade after his apparent death by suicide in the Fuhrerbunker, Hitler was in fact very much alive, and living in Argentina.

Hitler Oder Nicht?

In brief, one of the action station chief’s informants, CIMELODY, was contacted by a trusted friend, former SS trooper Phillip Citroen, who claimed to have been in touch with Hitler — masquerading under the pseudonym Adolph Schuttlemayer — about once a month in Colombia, while there on a trip from Maracaibo as an employee of the Royal Dutch Shipping Company.

Citroen indicated to CIMELODY he had even taken a picture with the fallen Fuhrer, and a grainy snap is indeed included with the memo.

 German Chancellor Adolf Hitler during his address to 80,000 workers in the Lustgarten, Berlin, May 1, 1936, s part of the May Day Celebrations.
German Chancellor Adolf Hitler during his address to 80,000 workers in the Lustgarten, Berlin, May 1, 1936, s part of the May Day Celebrations.

He also stated Hitler left Colombia for Argentina in around January 1955, and added that as ten years had passed since the end of World War II, the Allies could no longer prosecute Hitler as a criminal of war, suggesting erroneously the statute of limitations on war crimes are rather brief.

The message concluded that neither CIMELODY nor the CIA station itself was in a position to give an intelligent evaluation of the information included in the memo, but it was being forwarded “as of possible interest.”

The no doubt flabbergasted WHD chief followed up on the memo by reviewing the agency’s files, and found a year prior, there was indeed a report not only making the same claim regarding Hitler not being dead, but also suggesting there was a whole colony of Nazis in South America — again made by Citroen.

“Phillip Citroen told a former member of this base that while he was working for a railroad company in Colombia, he met an individual who strongly resembled and claimed to be Adolf Hitler. Citroen claimed to have met the indivdual at a place called ‘Residencias Coloniales’ in Tunja, Colombia, which is, according to the source, overly populated with former Nazis, following this alleged Adolf Hitler with an idolatry of the Nazi past, addressing him as ‘der Fuhrer’ and affording him the Nazi salute and storm-trooper adulation!” the memo said.

More Trouble Than It’s Worth

A few days later, the station chief wrote to the WHD chief again, asking if they wished to make further investigations into the potentially still-extant Hitler or not.

“If Headquarters desires, Bogota Station can make inquiry concerning ‘Adolph Schuttlemayer’ in Tonga, Colombia,” the memo said.

Read More @ SputnikNews.com

Where Was Osama bin Laden on September 10, 2001? One Day Before 9/11 He Was in a Pakistani Military Hospital…

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by Prof Michel Chossudovsky, Global Research:

This CBS Report suggests that Osama bin Laden had been admitted to a Pakistani Military hospital in Rawalpindi on the 10th local time, less than 24 hours before the terrorist attacks.

The report does not mention when he was actually released. 

Nonetheless, this report casts doubt on the official narrative to the effect that Osama bin Laden was responsible for coordinating the 9/11 attacks.

From where? From his hospital bed? From his laptop or his cell phone?  

The Pakistani military headquarters located in Rawalpindi is integrated by resident US military and intelligence advisers working with their Pakistani colleagues, who routinely report to Washington. It would be impossible for Osama bin Laden to enter a Pakistani military hospital unnoticed. Osama is a CIA “intelligence asset”. His whereabouts are known.

If this CBS report is correct, this confirms that the whereabouts of Osama bin Laden on September 10 were known to the Bush Administration.

Did “intelligence asset” Osama bin Laden have a GPS “Embedded Locator Chip”  within his body, or a GPS in his laptop or cell phone which would have enabled US intelligence to establish his precise location in real time? (That GPS technology including the embedded locator chip was readily available to US intelligence and law enforcement well before 2001).

Osama could have been arrested on the 10th of September 2001. But that did not happen.

Donald Rumsfeld repeatedly claimed that the whereabouts of Osama bin Laden were unknown: “It is like looking for a needle in a stack of hay”.   It’s an outright lie.  Needless to say, “Going after bin Laden” in the wake of 9/11 has served to sustain the legend of the “world’s most wanted terrorist”.

The complete transcript of the CBS report is given below (emphasis). The original CBS video is also provided.

Excerpt from Michel Chossudovsky’s presentation to McMaster University, Ontario in 2002.

Bin Laden Whereabouts Before 9/11

CBS Evening News with Dan Rather; Author: Dan Rather, Barry Petersen

CBS, 28 January 2002

Centre for Research on Globalisation (CRG),  globalresearch.ca ,  28  March 2002

DAN RATHER, CBS ANCHOR: As the United states and its allies in the war on terrorism press the hunt for Osama bin Laden, CBS News has exclusive information tonight about where bin Laden was and what he was doing in the last hours before his followers struck the United States September 11.

This is the result of hard-nosed investigative reporting by a team of CBS news journalists, and by one of the best foreign correspondents in the business, CBS`s Barry Petersen. Here is his report.

(BEGIN VIDEOTAPE) BARRY PETERSEN, CBS CORRESPONDENT (voice-over): Everyone remembers what happened on September 11. Here`s the story of what may have happened the night before. It is a tale as twisted as the hunt for Osama bin Laden.

CBS News has been told that the night before the September 11 terrorist attack, Osama bin Laden was in Pakistan. He was getting medical treatment with the support of the very military that days later pledged its backing for the U.S. war on terror in Afghanistan.

Pakistan intelligence sources tell CBS News that bin Laden was spirited into this military hospital in Rawalpindi for kidney dialysis treatment. On that night, says this medical worker who wanted her identity protected, they moved out all the regular staff in the urology department and sent in a secret team to replace them. She says it was treatment for a very special person. The special team was obviously up to no good.

“The military had him surrounded,” says this hospital employee who also wanted his identity masked, “and I saw the mysterious patient helped out of a car. Since that time,” he says, “I have seen many pictures of the man. He is the man we know as Osama bin Laden. I also heard two army officers talking to each other. They were saying that Osama bin Laden had to be watched carefully and looked after.” Those who know bin Laden say he suffers from numerous ailments, back and stomach problems. Ahmed Rashid, who has written extensively on the Taliban, says the military was often there to help before 9/11.

AHMED RASHID, TALIBAN EXPERT: There were reports that Pakistani intelligence had helped the Taliban buy dialysis machines. And the rumor was that these were wanted for Osama bin Laden.

PETERSEN (on camera): Doctors at the hospital told CBS News there was nothing special about that night, but they refused our request to see any records. Government officials tonight denied that bin Laden had any medical treatment on that night.

(voice-over): But it was Pakistan`s President Musharraf who said in public what many suspected, that bin Laden suffers from kidney disease, saying he thinks bin Laden may be near death. His evidence, watching this most recent video, showing a pale and haggard bin Laden, his left hand never moving. Bush administration officials admit they don`t know if bin Laden is sick or even dead.

DONALD RUMSFELD, DEFENSE SECRETARY: With respect to the issue of Osama bin Laden`s health, I just am — don`t have any knowledge.

PETERSEN: The United States has no way of knowing who in Pakistan`s military or intelligence supported the Taliban or Osama bin Laden maybe up to the night before 9/11 by arranging dialysis to keep him alive. So the United States may not know if those same people might help him again perhaps to freedom.

Barry Petersen, CBS News, Islamabad.

Read More @ GlobalResearch.ca

Infrastructure of the Shanghai Gold Exchange

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from BullionStar, GoldSeek:

Introduction

The Shanghai Gold Exchange was established in October 2002 by the People’s Bank of China[1][2]. The goal of the Exchange at launch was to become the central hub of the Chinese gold market, a goal which has fully been met.

Physical gold flows through the Shanghai Gold Exchange in response to Chinese private sector demand (institutional, commercial and retail demand). To facilitate this demand, trading account facilities on the SGE are available to anyone in China, i.e. private citizens can open an SGE trading account and trade gold at the SGE as easily as a wholesale enterprise or a financial institution can.

The SGE classifies its gold trading activities into a ‘Price Matching’ market, which trades physical and deferred gold contracts, and a ‘Price Inquiry’ (OTC traded) market which offers bilateral spot, forward, swaps and options trading in an OTC ‘Price Inquiry’ environment. The SGE Shanghai Gold Price Benchmark auction, launched in April 2016, is additional to both the above SGE ‘Markets’. The SGE also facilitates gold leasing and pledging activities which are also distinct from its price matching and price inquiry markets.

Although the SGE has a headquarters ‘Exchange’ building located in the central Huangpu District of Shanghai, all SGE’s trading platforms are electronic. The SGE also employs a central market clearing process to clear all of these products. An extensive network of 61 SGE gold vaults across 35 Chinese cities facilitates the vaulting, delivery, and transfer of gold that flows into and out of the vaults  due to SGE trading.

Contents

Highlights

  • The Shanghai Gold Exchange (SGE) operates a comprehensive suite of gold trading services both ‘on Exchange’ (Price Matching market) and ‘off Exchange’ (Price Inquiry /OTC market).

  • Contracts on 12 gold products are offered ‘on exchange’ while ‘off exchange’ trading offers contracts in 5 gold products. Transactions from both venues are settled and centrally cleared by the SGE.

  • In April 2016, the SGE launched its twice daily SGE Gold Benchmark Price auction. This auction generates a usable gold reference price.

  • In January 2016, the SGE facilitated the launch of an interbank gold leasing market with official market makers aimed at enhancing Chinese gold market liquidity.

Memberships and Boards

Membership of the SGE is divided into domestic and international categories. As of the end of 2016, the SGE had 253 domestic members which represented approximately 10,800 corporate customers and approximately 8.9 million individual customers. There are various member types within the domestic membership category. ‘Financial Members’ are authorised by the Exchange to engage in brokerage transactions andproprietary trading. ‘General Members’ are permitted to only engage in proprietary trading. The remaining domestic membership categories are ‘Special Members’ and ‘Proprietary members’. There is also an international membership category which includes international banks and international institutions. As of the end of 2016, there were 67 international members.

The SGE members with the highest trading turnover are Shenzhen Finance Electronic Settlement Centre, ICBC, Bank of China, Bank of Communications, and China Construction Bank.

In 2014, the SGE, in conjunction with the Chinese authorities, launched the Shanghai International Gold Exchange to advance the internationalisation of China’s gold and currency markets. The Shanghai International Gold Exchange, also known in English as the ‘SGEI’, and the ‘International Board’, is a fully owned subsidiary of the SGE and is both registered in and physically located in the Shanghai Pilot Free Trade Zone (FTZ). See BullionStar Gold University article “Mechanics of the Shanghai International Gold Exchange” for full details[3]. Given that the SGEI is known as the ‘International Board’, the existing Shanghai Gold Exchange is often referred to as the ‘Main Board’.

The SGEI offers ‘international’ members access to Renminbi trading of gold on both the Main and International Boards. If trading on the International Board, the associated physical gold is vaulted in the International Board’s certified precious metals vault, located in the Shanghai Free Trade Zone. If trading on the Main Board, the associated physical gold can be in any of the domestic SGE vaults, however, International Members are not allowed to load in or load out metal from domestic vaults[4].

In addition, the SGEI allows domestic members to trade gold located in the SFTZ but they are, in turn, not allowed to load in or load out metal from the SGEI vault. 

Trading – ‘Price Matching’ Market

The SGE offers 16 trading contracts in its Price Matching market, 12 of which are in gold, 3 are in silver and 1 of which is in platinum. Of the 12 gold contracts, 8 are physical products and 4 are deferred settlement products. Exchange members and their customers buy and sell these contracts via the SGE’s electronic system, which then matches buyers and sellers by matching on executed price.

Of the 8 physical products, 5 of these products trade on the Main Board of the Exchange (domestic), and a further 3 trade on the Exchange’s International Board. These 8 products are:

Main Board:

  • Au50g          physical product       50 gram gold bar       fineness 999.9
  • Au100g        physical product       100 gram gold bar     fineness 999.9
  • Au99.99       physical product       1 kg gold ingot           fineness 999.9
  • Au99.95       physical product       3 kg gold ingot           fineness 999.5
  • Au99.5         physical product       12.5 kg gold ingot      fineness 995.0

International Board:

  • iAu100g       physical product       100 gram gold bar    fineness 999.9
  • iAu99.99      physical product       1 kg gold ingot          fineness 999.9
  • iAu99.5        physical product       12.5 kg gold ingot     fineness 995.0

For physical trading, sell and buy participants are required to hold the full amount of physical gold or cash funds respectively, before trading. Upon trade settlement, the SGE will credit the physical gold to the buyer’s account and credit the cash proceeds to the seller’s account.

All 4 of the deferred settlement products offered by the SGE trade on the Exchange’s Main Board. Deferred settlement contracts trade on margin, and the contracts can be settled on trade day or at a later date. Two of the four deferred contracts are non-fixed maturity date contracts, the other two are fixed maturity date contracts:

T + D contract: Non-Fixed Maturity Dates (i.e. no pre-determined settlement date)

  • Au(T+D) (1 kg per lot, delivery in 3 kg or 1 kg ingots)
  • mAu(T+D) (100 gram per lot, delivery in 1 kg ingots)

T + N contracts: Fixed Maturity Dates

  • Au(T+N1) (100 gram per lot, delivery in 1 kg ingots)
  • Au(T+N2) (100 gram per lot, delivery in 1 kg ingots)

Maturity date of Au(T+N1) contract = 15 June
Maturity date of Au(T+N2) contract = 15 December

In 2016, the ‘Price Matching’ market recorded gold trading volumes of 15,200 tonnes.

Trading – ‘Price Inquiry’ Market

The SGE’s ‘Price Inquiry’ market is a bilaterally negotiated Over-the-Counter (OTC) market. Bilateral Over-the-Counter (OTC) trading refers to trading between participants ‘off’ exchange, with trade settlement on the SGE. OTC trading volumes therefore still feed into the SGE systems and are reported within the SGE’s published overall trading volumes.

Two of the Main Board physical products (Au99.99 and Au99.95) and all 3 of the International Board products trade on the Price Inquiry market. The SGE uses the prefixes ‘P’ and sometimes ‘OTC’ to denote these OTC products. These 5 products are:

  • OTC Au99.99 / PAu99.99
  • OTC Au99.95 / PAu99.95
  • OTCiAu99 / PiAu99.99
  • OTCAu50g / PiAu50g
  • OTCAu99.5 / PiAu99.5

The SGE’s gold OTC contracts can be structured as spot, forward or swap. During 2016, 59{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of OTC transactions generated were in Swaps, 29{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} in Spot and 12{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} in Forwards. There is also a separate set of SGE gold price options products under the Price Inquiry umbrella.

The Chinese ‘inter-bank’ gold market, launched in January 2016, is a core part of this SGE OTC market. This ‘inter-bank’ market facilitates bi-lateral gold trading between Chinese financial institutions, and supports an official market making mechanism consisting of 16 market makers, 10 of which are large banks such as ICBC, Bank of China and China Construction Bank, and the other 5 of which are smaller Chinese banks. One of the main roles of the market makers is to enhance gold trading liquidity on the market[5].

More than 50{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of trading volume in the SGE Price Inquiry segment is traded through the China Foreign Exchange Trade System. In 2016, there were 55 institutional participants in the OTC gold market, 41 of which were small and medium-sized banks. Other participants include securities firms, fund management companies and trust companies. This market also uses 2 introducing brokers which are Tullett Prebon SITICO (China) Ltd, and Shanghai CFETS – ICAP International Money Brokering Co Ltd[6] Reuters also publishes real-time quotes for these SGE OTC gold products.

In 2016, the ‘Price Inquiry’ market recorded gold trading volumes of more than 8,800 tonnes.

Trading – Shanghai Gold Benchmark Price auction

The SGE’s Shanghai Gold Benchmark Price auction is a twice daily auction for physical 1 kilogram gold bars. Its objective is to establish a benchmark gold price at which supply and demand in the auction is balanced. The SGE’s Gold Benchmark Price auction was launched on 19 April 2016[7][8].

Read More @ GoldSeek.com