Saturday, August 8, 2020

Former CIA Chief Admits US Meddling In Foreign Elections “For Their Own Good”

from ZeroHedge:

Former CIA chief James Woolsey appeared on Fox News to push the narrative of how dastardly ‘dem Russkies’ are in their meddling with the sacred soul of America’s democracy.

Woolsey did his patriotic deep-state-duty and proclaimed the evils of “expansionist Russia” and dropped ‘facts’ like “Russia has a larger cyber-army than its standing army,” before he moved on to China and its existential threats.

But then, beginning at around 4:30, the real debacle of the conversation begins as Ingraham asks Woolsey,

“Have we ever tried to meddle in other countries’ elections?”

Hes responds, surprisingly frankly…

“Oh probably… but it was for the good of the system…”

To which Ingraham follows up…

“We don’t do that now though? We don’t mess around in other people’s elections?”

Prompting this extraordinary sentence from a former CIA chief…

“Well…hhhmmm, numm numm numm numm… only for a very good cause…in the interests of democracy”

So just to clarify – yes, the CIA chief admitted that Democracy-spreading ‘Murica meddled in the Democratic elections of other nations “in the interests of democracy.”

In case you wondered which ones he was referring to, here’s a brief selection since 1948…

2016: UK (verbal intervention against Brexit)
2014: Afghanistan (effectively re-writing Afghan constitution)
2014: UK (verbal intervention against Scottish independence)
2011: Libya (providing support to overthrow Colonel Gaddafi)
2009: Honduras (ousting President Zelaya)
2006: Palestine (providing support to oust Prime Minister Haniyeh)
2005: Syria (providing support against President al-Assad)
2003: Iran (providing support against President Khatami)-
2003: Iraq (ousting of President Hussein)
2002: Venezuela (providing support to attempt an overthrow of President Chavez)
1999: Yugoslavia (removing Yugoslav forces from Kosovo)
1994: Iraq (attempted overthrow of President Hussein)
1991: Haiti (ousting President Aristide)
1991: Kuwait (removing Iraqi forces from Kuwait)
1989: Panama (ousting General Noriega)

Read More @ ZeroHedge.com

The End Of The Petrodollar? China Unveils Oil-Futures Launch Date

from ZeroHedge:

After decades of dollar-hegemonic control, the world’s biggest oil buyer is finally getting its own crude-futures contract – the so-called ‘petro-yuan’ is born.

The start of trading, open to foreigners, will mark the end of years of delays and setbacks since China’s first attempt at a domestic contract in 1993.

Following December’s final successful test, in a challenge to the world’s dollar-denominated oil benchmarks Brent and West Texas Intermediate, China will list local-currency crude futures in Shanghai on March 26, according to the nation’s securities regulator.

While some details of the contract such as the size (1,000 barrels per lot) and grades have been released, other information like the delivery depots for the crude are yet to be announced.

“The intention is to release more details as the launch date approaches,” Meidan said on Friday. “If the date has been settled, then it is pretty close to a finalized contract, because at this point, both Beijing and the Shanghai Futures Exchange can’t afford for the start-up to go wrong.”

As Bloomberg reportsChina surpassed the U.S. as the world’s biggest oil importer last year, buying about 8.43 million barrels a day to feed demand from government-run as well as independent refiners.

The nation has also been hoarding millions of barrels for its Strategic Petroleum Reserve. Rather than buying how much ever crude they want, private companies have to adhere to government-issued quotas for their purchases. And this year such allocations expanded.

“The ability for foreign producers and consumers to price hedging contracts on a domestic China commodities exchange using yuan is a game changer,” said John Browning, Shanghai-based managing partner at BANDS Financial Ltd., one of the brokerages approved for offshore trading on the contracts.

“Apart from consumers and producers, for investors and commodity arbitragers, the Chinese commodity futures markets are deep pools of liquidity that international traders have been clamouring for access for many years,” Browning said.

While international investors may prove circumspect, there’s little doubt the Chinese will embrace their own oil futures enthusiastically.

Bloomberg finally points out that international commodity trading houses such as Mercuria Energy Group, Vitol Group and Glencore  could potentially use the futures for trading arbitrage and hedging, according to Chen Tong, an oil analyst with Tianjin-based First Futures Co. The contract may also be attractive for financial institutions such as investment banks and funds, he said before the announcement.

“First, the trading volumes need to get active, then domestic refiners need to end up using it as a benchmark for trading, and eventually it could reach its aim of becoming a pricing benchmark for Asia,” Chen said. “For yuan internationalization, of course, it fits the mission, with more and more oil-producing countries moving away from dollar-linked oil contracts.”

If the futures are embraced by overseas investors and become a benchmark for global oil transactions, China’s hoping the yuan could challenge the dominance of the greenback in international trade.

As The South China Morning Post reports, the trading start in late March echoed earlier market speculation that the crude contract would not receive a go-ahead until the end of the annual session of the National People’s Congress, which starts on March 5.

“It will be just a baby step ­towards gaining pricing power in crude oil,” said Wang Feng, the chairman of Shanghai-based financial services firm Ye Lang Capital. “A high turnover will not [necessarily] translate into a real pricing benchmark.”

Huang added: “Globalisation is a long, long process … The Shanghai crude contract is just providing a yuan-denominated hedging tool for domestic oil companies and consumers. It will take several years before the ­contract becomes a regional benchmark.”

Still, as Bloomberg reports, skeptics say that won’t happen as long as the currency is controlled by the central government, and while international traders may agree to settle contracts converted into yuan, they’ll continue to price the oil in dollars.

“This is a first small step toward China becoming a more active price setter in oil, but for Shanghai to come anything close to a global benchmark, it will take years,” Michal Meidan, an analyst at industry consultant Energy Aspects Ltd., said before the announcement.

“While this gives another impetus to liberalise the yuan, there are bigger obstacles related to volatility and capital outflows that will dictate the pace.”

Additionally, OilPrice.com’s Irina Slav notes that analysts interviewed by Bloomberg’s Sungwoo Park note that the dollar has been the currency that oil trade is done in for decades — and old habits die hard. But it’s not just about habit; it’s also about transparency. Beijing has been open about its intentions to make the yuan an international currency, but the government’s grip on capital flows from and into the country is unlikely to woo foreign investors despite efforts that China is making to assure them its financial markets are transparent and free.

In the long run, it would make sense for many oil trades to be carried out in the currency of the top importer. But it would take years for the yuan to undermine the dollar as the ultimate petrocurrency and it would also involve risks, some observers familiar with Robert Triffin’s Dilemma have noted.

China seems to want the yuan to become the new international reserve currency. But, as goes the dilemma, this would mean that China would have to transform from a major exporter to an importer, which would strengthen the currency but necessitate it to generate a trade deficit. The reason the U.S. dollar became the global reserve currency was the country’s ever-growing trade deficit, said Triffin back in the 1950s, and it is the reason it is still maintaining this position.

An unavoidable consequence of an international yuan would be the lower competitiveness of locally produced, export-bound goods, which is hardly something Beijing wants to happen, at least in the short term. Yet it is very unlikely that President Xi is only thinking about the short term. The Belt and Road initiative is a long-term comprehensive plan to expand China’s presence in the world and its clout across industries.

Yes, it would take years for the yuan to replace the greenback as the petrocurrency the world uses. And it better take years — a lot of them — so the local industries have time to adjust. China is already moving from heavy industries to services. Now it will have to accelerate and expand this process. But skeptics say this won’t save it from falling into the trap of the Triffin Dilemma. Well, it wouldn’t — but judging by the American economy’s growth, despite the 2017 trade deficit that hit the highest since 2008, the trap may not be too uncomfortable to sit in.

Read More @ ZeroHedge.com

Russia Warned FBI Several Times about Boston Bomber – Threat was Ignored, Then It Took FBI 3 Days to Find Terrorist Brothers

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by Jim Hoft, The Gateway Pundit:

Chechen Islamist brothers Tamerlan and Dzhokhar Tsarnaev planted two backpack bombs at the Boston Marathon finish line on April 15, 2013.

The bomb blasts killed three innocents and injured 264 more people in the area.

The bombers were not identified until THREE DAYS LATER.

Tamerlan was killed in a gun fight with police and ran over by his brother on April 19, 2013. His brother Dzhokhar was captured the next afternoon.

The FBI was warned!

Russian authorities warned the FBI in 2011 about Tamerlan Tsarnaev, one of two Chechen brothers accused of carrying out last year’s Boston Marathon bombings, but U.S. authorities missed chances to detain him.

US authorities missed multiple chances to detain Tsarnaev when he was traveling to and from Dagestan terror training camps!

And the FBI did not tell the police in Boston about the trained terrorist in their midst.

Read More @ TheGatewayPundit.com

John Kerry Approved Visas for Russian Operatives to Enter US in 2014 and ‘Interfere’ with Election

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by Jim Hoft, The Gateway Pundit:

After sixteen months of investigations and over a year-and-a-half of the FBI and Obama administration spying on Donald Trump, his family, his business, his campaign, his transition team and his administration — Special Counsel Robert Mueller dropped an absolute nothing-burger today in announcing charges against Russian operatives who sullied the US election process.

The Mueller Special Counsel has yet to look at Saudi donations to Hillary Clinton or Clinton campaign collusion with Russia.

The Mueller Special Counsel has yet to look at the “hacked” DNC servers or have not attempted to contact Julian Assange from Wikileaks.

The indictment today contained the same Russian Facebook ads that were released in November 2017 by the House Intelligence Committee.

Mueller and Democrats want you to believe these Russian Facebook ads flipped the election to Donald Trump.

But at least half of the ads are pro-Hillary.
And Russia claims half of their paid ads ran after the election and 25% never ran at all.

Facebook announced previously the Russian ads comprised .004% of their advertising during the election.

Then there’s this…
The Kerry State Department approved the visas for the Russian operatives to travel the US in 2014 through 2016 and attempt to interfere with the US election process.

Via Nick Short:

Read More @ TheGatewayPundit.com

George Soros To EU: Fight Populism, Regulate Social Media

from ZeroHedge:

Echoing a sentiment that was one of the defining points of his hour-long speech to the world’s financial and political elite at Davos, billionaire hedge funder (and supporter of far-left causes from Eastern Europe to the US) George Soros is taking his rhetoric a step further and calling for supranational governments to intervene and regulate Facebook, Google and other large social media websites.

Per Breitbart, Soros is demanding that the European Union regulate social media because voters’ minds are being controlled and “manipulated”.

Soros is claiming the reach of social media firms made them a “public menace” while arguing they had led people to vote against globalist causes, including electing President Trump (all his ramblings about “open societies” aside)…

“They deceive their users by manipulating their attention, targeting them to their own economic interests and (…) depending on their services (…)

The platforms are similar to gambling companies (…) and force people to renounce their freedom (…). …), to renounce what John Stuart Mill called the freedom of thought “

Soros – who recently became the subject of a “anti-Soros” bill in his native Hungary that seeks to limit the activities of groups that for which he’s provided funding – accusations about manipulation are blatantly hypocritical, as anybody familiar with his 30-year campaign to push open borders, multiculturalism and a generally globalist tenor of government would know.

Media websites and populist groups have been prolific on social media, using the platforms to bypass the mainstream media and broadcast their message – which Soros and his allies oppose – across world. Soros has a cozy relationship with the leaders of the European Union, meeting with them 11 times since the Brexit vote. Prime Minister Theresa May, in contrast, has had just three meetings during that period.  She has also mimicked Soros’ call for responsible regulation of social media, but with the aim of suppressing terrorist recruiters.

He then proceeded to cycle through a “greatest hits”-style mix of his favorite rhetoric: Europe is being overrun by the “mafia-state”-style leadership of Vladimir Putin, which President Trump would like to mimic, according to Breitbart.

Due to social media use, he claimed people are losing “freedom of mind”, adding: “This danger does not loom only in the future; it played an important role in the 2016 US presidential election.”

“President Donald Trump would like to establish his own mafia-style state,” he said, claiming the President was part of the same problem as North Korean Dictator Kim Jong-un.

“In the US, regulators are not strong enough to stand up to the monopolies’ political influence. The EU is better positioned, because it doesn’t have any platform giants of its own,” he continued.

“The EU commissioner for competition Margrethe Vestager is the champion of the European approach,” he added, praising the bureaucrat who recently visited Communist Cuba without condemning human rights abuses in the nation.

Mr. Soros, who has been convicted of insider trading, is also suspected of attempting to interfere in U.S. elections, and his name came up around 60 times in emails released by WikiLeaks relating to the recent presidential race.

As we noted previously, the question arises: is Vestager adequately controlled by the European Parliament?

Read More @ ZeroHedge.com

Are America’s Hawks Any Good Against China’s Dragons?

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by Martin Berger, New Eastern Outlook:

The recent publication of the notorious “Kremlin list” that is to become the basis of yet another round of anti-Russian punitive measures planned by the White House, was empowered by the Countering America’s Adversaries Through Sanctions Act. This law proclaims Russia to be an official enemy of Washington, along with North Korea and Iran.

However, various political figures in Washington are declaring China yet another “enemy” of the United States, in addition to the above mentioned three states. Additionally, this notion can be found in the latest revision of the National Security Strategy (NSS) that was signed by President Donald Trump at the end of the last year. In this paper, China is accused of using allegedly predatory economic practices and bellicose actions in the South China Sea designed as a means of intimidation of its neighbors. Curiously enough, Washington is convinced or at least pretends to be convinced that Russia and China are “revisionist” states seeking to challenge the existing status quo that suits American interests, as stated in the NSS.

Similar notions were voiced by Trump during his annual State of the Union Address, in which he would describe both Russia and China as rivals who “challenge” the interests and values of the United States.

The Director of the CIA, Mike Pompeo was even more straightforward in his assessments, highlighting the fact that the People’s Republic of China is the principal threat to the US within the international arena. Perhaps Pompeo’s straightforwardness was prompted by the recent detention of a Chinese American, Jerry Chun Shing Lee who was employed by the CIA until 2007. The CIA believes that Lee could be responsible for numerous disappearances and murders of US agents in China in 2010-2012 and could expose the entire American intelligence networks in China and Russia to their respective governments.

Therefore, the ongoing investigation by the US Congress and the FBI has a clear goal of representing China’s posture in the world as dangerous, as this country can be characterized by its constantly growing wealth and power, as it’s been noted by The Washington Post. It’s been noted that a joint group of US intelligence agencies are studying China’s activities in the world in a bid to establish its actions beyond traditional espionage and can be described as unconventional secret operations aimed at spreading Beijing’s influence in the world.

It’s clear that the Chinese boogeyman is now an integral part of Trump’s policies he’s planning to abuse in clear hopes of staying in office until the very end of his term, and, quite possibly to try to prepare voters for his future re-election in 2020.

Today, the confrontation between Washington and Beijing can be observed across all continents. Even in Latin America, the US president will find it difficult to persuade states to align with Washigton instead of Beijing if he doesn’t stop describing local states as “shit holes”.

China’s influence in Latin America, which US Secretary of State Rex Tillerson and a number of his colleagues describe as pivotal for the United States is growing steadily. In 2000, the share of US imports to Latin American was reaching 50% out of all the good imported, now it barely reaches 33%. According to a study conducted by the Inter-American Development Bank, China’s share in Latin American imports rose from 3% to 18% over the same period of time.

In his recent speech on Washington’s policies in Latin America, Rex Tillerson tried to accuse China of attempts to drag the region into the orbit of its influence, adding that Latin America was in no need of new imperial powers. What Tillerson failed to mention was the fact that Trump was responsible for the deterioration of US-Latin American relations. According to a recent poll conducted by Latinobarómetro, Trump’s popularity rating in the region on a scale of 0 to 10 reached a record low of 2.7 points.

As La Nacion Argentina notes, while Trump insults Latin America, China is seeking ways to please local political forces. Over the past four years, President Xi Jinping has visited the continent three times, while Trump is yet to pay his first visit to Latin America. China’s Foreign Minister Wang Yi has made tours across South America twice in the last 15 months, and Rex Tillerson was to arrive to the region for the first time as State Secretary in early February. So if the US really wants to establish relations with Latin America, it needs to start promoting a positive agenda, instead of insulting its population. Against this backdrop, it’s hardly surprising that Latin American countries are willingly accepting the prospect of cooperation with the constantly smiling Chinese.

After officially declaring Beijing a threat to its interests, the White House has started preparations aimed at countering China’s influence around the world. Clearly, sanctions are on the cards, as Washington is going to try to use the scenario it has been using against Russia. It’s no secret that Washington releases reports on the observance of human rights in certain countries annually, in which China is constantly criticized. However, Beijing publishes its own reports on human rights challenges in the US, in which human rights violations are carefully observed and listed. Such criticism, as well as condemnation of China’s actions in the South China Sea, can already serve as a basis for personalized American sanctions against certain members of the Chinese establishment, along with sanctions against those Chinese companies that are interested in investing in the American market.

Read More @ Journal-NEO.org

GOLD UP 25 CENTS TO $1353.20/SILVER DOWN 7 CENTS AS GOLD/SILVER HOLD DESPITE CHINESE HOLIDAY WEEK COMMENCING TODAY

by Harvey Organ, Harvey Organ Blog:

MUELLER FILES RIDICULOUS INDICTMENTS AGAINST 13 RUSSIAN INDIVIDUALS AND COMPANIES./ROSENSTEIN ADMITS NO AMERICAN INVOLVED

GOLD: $1353.20 UP $0.25

Silver: $16.77 DOWN 7 cents

Closing access prices:

Gold $1348.20

silver: $16.67

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: $XXXX DOLLARS PER OZ

NY PRICE OF GOLD AT EXACT SAME TIME: $XXXX

PREMIUM FIRST FIX: $3.78

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SECOND SHANGHAI GOLD FIX: $XXXX

NY GOLD PRICE AT THE EXACT SAME TIME: $1333.50

discount of Shanghai 2nd fix/NY:$1.20

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LONDON FIRST GOLD FIX: 5:30 am est $1358.60

NY PRICING AT THE EXACT SAME TIME: $1359.10

LONDON SECOND GOLD FIX 10 AM: $1352.10

NY PRICING AT THE EXACT SAME TIME. $1352.00

For comex gold:

FEBRUARY/

NUMBER OF NOTICES FILED TODAY FOR FEBRUARY CONTRACT: 0 NOTICE(S) FOR nil OZ.

TOTAL NOTICES SO FAR:1784 FOR 178400 OZ (5.5489 TONNES),

For silver:

FEBRUARY

1 NOTICE(S) FILED TODAY FOR

5,000 OZ/

Total number of notices filed so far this month: 309 for 1,5455,000 oz

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Bitcoin: BID $9768/OFFER $9,838: down $213(morning)

Bitcoin: BID/ $9,974/offer $10,044: DOWN $7  (CLOSING/5 PM)

 

end

Let us have a look at the data for today\

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In silver, the total open interest ROSE BY A GOOD SIZED 2604 contracts from 197,126  RISING TO 199,730 DESPITE  YESTERDAY’S   8 CENT LOSS IN SILVER PRICING.  WE  HAD ZERO COMEX LIQUIDATION. HOWEVER, WE WERE AGAIN NOTIFIED THAT WE HAD ANOTHER GOOD SIZED NUMBER OF COMEX LONGS TRANSFERRING THEIR CONTRACTS TO LONDON THROUGH THE EFP ROUTE:  1247 EFP’S FOR MARCH AND AND 0 EFP’S FOR MAY AND ZERO FOR ALL  OTHER MONTHS  AND THUS TOTAL ISSUANCE OF 1731 CONTRACTS.  WITH THE TRANSFER OF 1247 CONTRACTS, WHAT THE CME IS STATING IS THAT THERE IS NO SILVER (OR GOLD) TO BE DELIVERED UPON AT THE COMEX AS THEY MUST EXPORT THEIR OBLIGATION TO LONDON. ALSO KEEP IN MIND THAT THERE CAN BE A DELAY OF 24 HRS IN THE ISSUING OF EFP’S. THE 1247 CONTRACTS TRANSLATES INTO 6.23 MILLION OZ DESPITE  WITH THE CONTINUAL DROP IN OPEN INTEREST IN SILVER AT THE COMEX.

ACCUMULATION FOR EFP’S/SILVER/ STARTING FROM FIRST DAY NOTICE/FOR MONTH OF FEBRUARY:

38,099 CONTRACTS (FOR 13 TRADING DAYS TOTAL 38,099 CONTRACTS OR 190.495 MILLION OZ: AVERAGE PER DAY: 2930 CONTRACTS OR 14.653 MILLION OZ/DAY)

TO GIVE YOU AN IDEA AS TO THE HUGE SUPPLY THIS MONTH IN SILVER:  SO FAR THIS MONTH:  190.495 MILLION PAPER OZ HAVE MORPHED OVER TO LONDON. THIS REPRESENTS AROUND 27.14% OF ANNUAL GLOBAL PRODUCTION

ACCUMULATION IN YEAR 2018 TO DATE SILVER EFP’S:  438.83 MILLION OZ.

ACCUMULATION FOR JAN 2018: 236.879 MILLION OZ

RESULT: A GOOD SIZED GAIN IN OI SILVER COMEX WITH THE   8 CENT GAIN IN SILVER PRICE.  WE ALSO HAD A GOOD SIZED EFP ISSUANCE OF 1247 CONTRACTS WHICH EXITED OUT OF THE SILVER COMEX AND TRANSFERRED THEIR OI TO LONDON AS FORWARDS. SPECULATORS CONTINUED THEIR INTEREST IN ATTACKING THE SILVER COMEX FOR PHYSICAL SILVER . FROM THE CME DATA 1247 EFP’S  FOR  MONTHS MARCH AND MAY WERE ISSUED FOR TODAY  FOR A DELIVERABLE FORWARD CONTRACT OVER IN LONDON WITH A FIAT BONUS.   WE GAINED  3851 OI CONTRACTS i.e. 1247 open interest contracts headed for London (EFP’s) TOGETHER WITH A INCREASE OF 2604  OI COMEX CONTRACTS. AND ALL OF THIS HAPPENED WITH THE FALL IN PRICE OF SILVER OF  8 CENTS AND A CLOSING PRICE OF $16.84 WITH RESPECT TO YESTERDAY’S TRADING. YET WE STILL HAVE A FAIR AMOUNT OF SILVER STANDING AT THE COMEX.

In ounces AT THE COMEX, the OI is still represented by just UNDER 1 BILLION oz i.e. 0.998 BILLION TO BE EXACT or 143% of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT FEBRUARY MONTH/ THEY FILED: 1 NOTICE(S) FOR 5,000 OZ OF SILVER

 

In gold, the open interest  ROSE BY A GOOD 3,678 CONTRACTS UP TO 532,060 DESPITE THE FALL IN PRICE OF GOLD WITH YESTERDAY’S TRADING ($2.45). HOWEVER, IN ANOTHER DEVELOPMENT, WE RECEIVED THE TOTAL NUMBER OF GOLD EFP’S ISSUED FOR TODAY AND IT TOTALED AN ATMOSPHERIC SIZED  21,324 CONTRACTS OF WHICH  APRIL SAW THE ISSUANCE OF 21,324 CONTRACTS AND  JUNE SAW THE ISSUANCE OF 0 CONTRACTS AND THEN ALL OTHER MONTHS ZERO.    The new OI for the gold complex rests at 528,382. ALSO REMEMBER THAT THERE WILL BE A DELAY IN THE ISSUANCE OF EFP’S.  THE BANKERS REMOVE LONG POSITIONS OF COMEX GOLD IMMEDIATELY.  THEN THEY ORCHESTRATE THEIR PRIVATE EFP DEAL WITH THE LONGS AND THAT COULD TAKE AN ADDITIONAL 48 HRS SO WE GENERALLY DO NOT GET A MATCH WITH RESPECT TO DEPARTING COMEX LONGS AND NEW EFP LONG TRANSFERS. DEMAND FOR GOLD INTENSIFIES GREATLY AS WE CONTINUE TO WITNESS A HUGE NUMBER OF EFP TRANSFERS TOGETHER WITH THE MASSIVE INCREASE IN GOLD COMEX OI  TOGETHER WITH  THE TOTAL AMOUNT OF GOLD OUNCES STANDING FOR FEBRUARY COMEX. EVEN THOUGH THE BANKERS ISSUED THESE MONSTROUS EFPS, THE OBLIGATION STILL RESTS WITH THE BANKERS TO SUPPLY METAL BUT IT TRANSFERS THE RISK TO A LONDON BANKER OBLIGATION AND NOT A NEW YORK COMEX OBLIGATION. LONGS RECEIVE A FIAT BONUS TOGETHER WITH A LONG LONDON FORWARD. THUS, BY THESE ACTIONS, THE BANKERS AT THE COMEX HAVE JUST STATED THAT THEY HAVE NO APPRECIABLE METAL!! THIS IS A MASSIVE FRAUD: THEY CANNOT SUPPLY ANY METAL TO OUR COMEX LONGS BUT THEY ARE QUITE WILLING TO SUPPLY MASSIVE NON BACKED GOLD (AND SILVER) PAPER KNOWING THAT THEY HAVE NO METAL TO SATISFY OUR LONGS. LONDON IS NOW SEVERELY BACKWARD IN BOTH GOLD AND SILVER (BIG RISE IN BOTH GOFO AND SIFO) AND WE ARE WITNESSING DELAYS IN ACTUAL DELIVERIES. IN ESSENCE TODAY DESPITE YESTERDAY’S TRADING IN GOLD,  WE HAVE A GAIN OF 25,002 CONTRACTS: 3,678 OI CONTRACTS INCREASED AT THE COMEX AND A GIGANTIC SIZED  21,324 OI CONTRACTS WHICH NAVIGATED OVER TO LONDON.(25002 oi gain in CONTRACTS EQUATES TO 77.76 TONNES)

YESTERDAY, WE HAD 22,672 EFP’S ISSUED.

ACCUMULATION OF EFP’S/ GOLD(EXCHANGE FOR PHYSICAL) FOR THE MONTH OF FEBRUARY STARTING WITH FIRST DAY NOTICE: 152,754 CONTRACTS OR 15,275,400  OZ OR 475.12 TONNES (13 TRADING DAYS AND THUS AVERAGING: 11,750 EFP CONTRACTS PER TRADING DAY OR 1,175,000 OZ/ TRADING DAY)

TO GIVE YOU AN IDEA AS TO THE HUGE SIZE OF THESE EFP TRANSFERS :   SO FAR THIS MONTH IN 13 TRADING DAYS: IN  TONNES: 475.12 TONNES

TOTAL ANNUAL GOLD PRODUCTION, 2017, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 2200 TONNES

THUS EFP TRANSFERS REPRESENTS 475.12/2200 x 100% TONNES =  21.59% OF GLOBAL ANNUAL PRODUCTION SO FAR IN FEBRUARY ALONE.

ACCUMULATION OF GOLD EFP’S YEAR 2018 TO DATE:  1108.53 TONNES

ACCUMULATION OF GOLD EFP’S FOR JANUARY 2018: 653.22  TONNES

Result: A  GOOD SIZED INCREASE IN OI AT THE COMEX WITH THE  FALL IN PRICE IN GOLD TRADING YESTERDAY ($2.45). IT IS WITHOUT A DOUBT THAT MANY OF THE DEPARTED COMEX LONGS  RECEIVED THEIR PRIVATE EFP CONTRACT  FOR EITHER  APRIL OR JUNE. HOWEVER, WE HAD ANOTHER GOOD SIZED NUMBER OF COMEX LONG TRANSFERRING TO LONDON THROUGH THE EFP ROUTE: 21,324 CONTRACTS AS THESE HAVE ALREADY BEEN NEGOTIATED AND CONFIRMED.   THERE OBVIOUSLY DOES NOT SEEM TO BE MUCH PHYSICAL GOLD AT THE COMEX AND YET WE ALSO OBSERVED A HUGE DELIVERY MONTH FOR THE MONTH OF DECEMBER. I GUESS IT EXPLAINS THE HUGE ISSUANCE OF EFP’S…THERE IS HARDLY ANY GOLD PRESENT AT THE GOLD COMEX FOR DELIVERY PURPOSES. IF YOU TAKE INTO ACCOUNT THE 21,324 EFP CONTRACTS ISSUED, WE HAD A NET GAIN IN OPEN INTEREST OF 25,002 contracts ON THE TWO EXCHANGES:

21,324 CONTRACTS MOVE TO LONDON AND  3,678 CONTRACTS INCREASED AT THE COMEX. (in tonnes, the GAIN in total oi equates to 77.76 TONNES).

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

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

GLD

WITH GOLD UP $0.25 TODAY, THE CROOKS DECIDED TO RAID THE COOKIE JAR (WITHDREW) 2.36 TONNES OF GOLD FROM THE GLD

 

Inventory rests tonight: 821.30 tonnes.

SLV/ 

NO CHANGES IN SILVER INVENTORY AT THE SLV/

/INVENTORY RESTS AT 314.045 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 CONSIDERABLE 2604  contracts from 197,126 UP TO 199,730 (AND now A LITTLE FURTHER TO THE NEW COMEX RECORD SET ON FRIDAY/APRIL 21/2017 AT 234,787) DESPITE  THE FAIR SIZED FALL  IN PRICE OF SILVER  (8 CENTS WITH RESPECT TO  YESTERDAY’S TRADING).   OUR BANKERS USED THEIR EMERGENCY PROCEDURE TO ISSUE ANOTHER GOOD 1731 PRIVATE EFP’S FOR MARCH AND 0 EFP CONTRACTS OR MAY  (WE DO NOT GET A LOOK AT THESE CONTRACTS AS IT IS PRIVATE BUT THE CFTC DOES AUDIT THEM) AND 0 EFP’S FOR ALL OTHER MONTHS .  EFP’S GIVE OUR COMEX LONGS A FIAT BONUS PLUS A DELIVERABLE PRODUCT OVER IN LONDON. WE HAD SOME COMEX SILVER COMEX LIQUIDATION. IF WE TAKE THE  OI GAIN AT THE COMEX OF  2604 CONTRACTS TO THE 1247 OI TRANSFERRED TO LONDON THROUGH EFP’S, WE OBTAIN A GAIN OF  3851  OPEN INTEREST CONTRACTS .  WE STILL HAVE A GOOD AMOUNT OF SILVER OUNCES THAT ARE STANDING FOR METAL IN JANUARY (SEE BELOW). THE NET GAIN TODAY IN OZ ON THE TWO EXCHANGES:  19.255 MILLION OZ!!!

RESULT: A HUGE SIZED INCREASE IN SILVER OI AT THE COMEX WITH THE FAIR SIZED FALL OF 8 CENTS IN PRICE (WITH RESPECT TO YESTERDAY’S TRADING ). BUT WE ALSO HAD ANOTHER GOOD 1247 EFP’S ISSUED TRANSFERRING COMEX LONGS OVER TO LONDON. TOGETHER WITH THE GOOD  SIZED AMOUNT OF SILVER OUNCES STANDING FOR FEBRUARY, DEMAND FOR PHYSICAL SILVER INTENSIFIES AS WE WITNESS MAJOR BANK SHORT COVERING ACCOMPANIED BY INCREASES IN GOFO AND SIFO RATES INDICATING SCARCITY.

(report Harvey)

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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 THURSDAY night/FRIDAY morning: Shanghai closed /Hang Sang CLOSED / The Nikkei closed UP 255.27 POINTS OR 1.19%/Australia’s all ordinaires CLOSED DOWN 0.07%/Chinese yuan (ONSHORE) closed UP at 6.3415/Oil DOWN to 61.36 dollars per barrel for WTI and 64.45 for Brent. Stocks in Europe OPENED DEEPLY IN THE GREEN  .   ONSHORE YUAN CLOSED UP AGAINST THE DOLLAR AT 6.3415. OFFSHORE YUAN CLOSED UP AGAINST  THE ONSHORE YUAN AT 6.2980//ONSHORE YUAN /OFFSHORE YUAN NOT TRADING

Read More @ HarveyOrganBlog.com

Hungary rejects the UN’s position that migration has a positive effect

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from Voice Of Europe:

Janos Lazar, Hungary’s chief of the prime minister’s office, said he rejects the UN’s position that migration has a positive effect on the economy.

Although there’s a difference of opinion, the chief of the government office said his country will continue talks with the UN about the current migrant package.

According to Lazar the plans to “remove legal or physical barriers and open up borders” are unacceptable. He added that “making migration organised, continuous, and legitimate” is against Hungary’s interests.

A few weeks ago, Hungary’s foreign minister, Péter Szijjártó, mentioned there was a chance his country would walk away from the UN negotiations on migration. He then said:

“The principle laid down in the [UN] draft document [that migration has positive effects and cannot be stopped]is false and fabricated.. Migration is dangerous and it can be stopped.”

Read More @ VoiceOEurope.com

Russia will have exclusive rights to produce oil and gas in Syria

by Alex Christoforou, The Duran:

To the victor belongs the spoils.

Forget about the tiresome mainstream media fiction that it was the United States that defeated ISIS.

Russia played an infinitely more prominent and decisive role in crushing the caliphate, which at the time was being funded and trained by the Obama White House for the sole purpose of removing Assad, and stealing Syria’s energy potential.

The keys to Syria’s oil and gas rights now appear to be going to Russia…the country that was invited, under international law, by the internationally recognized government of Syria, to fight ISIS.

If finally happened…

In accordance with an energy cooperation framework agreement signed in late January, Russia will have exclusive rights to produce oil and gas in Syria.

The agreement goes significantly beyond that, stipulating the modalities of the rehabilitation of damaged rigs and infrastructure, energy advisory support, and training a new generation of Syrian oilmen. Still, the main international aspect and the key piece of this move is the final and unconditional consolidation of Russian interests in the Middle East.

Before the onset of the blood-drenched Civil War, Syrian oil production wavered around 380,000 barrels per day. It has declined for some time then, since its all-time peak production rate of 677,000 barrels per day in 2002. Although the Islamic State was allegedly driven underground, the current output still stands at a devastating 14–15,000 barrels per day.

As for gas, the production decline proved to be lower (it fell from 8 BCm/year to 3.5 BCm/year) due to its greater significance within the domestic economy. 90 percent of the produced gas in Syria was used for electricity production (as opposed to oil, which was either refined domestically or exported), and in view of this, the government took extra care to retake gas fields first as the prospects of reconquest became viable enough.Related: Tesla’s Powerpack: Real Hope Or Mostly Hype?

It’s an understatement to say that whoever takes over Syria’s energy sector will receive a desolate ruin. The country’s refineries need thorough reconstruction after their throughput capacity has halved from the pre-war level of 250,000 barrels per day. This task will most likely be carried out by Iranian companies, in accordance with agreements signed in September last year, which also involved the reconstruction of Syria’s damaged power grid. However, it remains unclear whether this project will go through, as Tehran counted upon an Iran-Venezuela-Syria consortium, which is all but feasible now against the background of Venezuela disintegrating, a new solution ought to be found. In any case, Tehran already got what it wanted in Syria as Iran’s Revolutionary Guard already secured the telecommunications sector.

Russia isn’t the only country that could have helped Syria to rebuild its oil and gas sector — as stated above, Iran could also lend a hand. However, Iran lacks the funds to invest heavily in Syria’s infrastructure — it needs foreign assistance to kickstart new projects at home aggravated by aging infrastructure and rapidly increasing demand. European companies are unlikely to get interested in Syria unless the EU embargo is lifted (in effect until June 1, 2018). Since the end of largescale military operations in Syria did not bring about a change of regime and Bashar al-Assad remains president of Syria, it would be surprising for Brussels not to prolong the sanctions regime (the U.S. will do it without a moment’s hesitation).

Sanctions-wise, Moscow is unafraid of any consequences for it is already under European and U.S. sanctions. With a long-range goal in mind, it could even assent to the significant cost of rebuilding Syria’s oil and gas sector — IMF put the expenses at $27 billion in 2015 but the current estimate lies most likely between $35–40 billion. This includes the totality of rigs, pipelines, pumping stations etc. to be repaired and put back into operation. In some areas, for instance, in the predominantly Kurdish-populated northern provinces with its heavy oil deposits, it’s unlikely to seize the opportunity. Moreover, it remains unclear what will happen to the fields (including Syria’s largest oil field, Al Omar) that were retaken by Western-backed militias, not the Syrian army.

Unfortunately for Royal Dutch Shell (NYSE:RDS-A) which was forced to let go of the 100 kbpd Al Omar field because of the stringent sanctions regime, Damascus seems intent on consolidating the energy sector under the guidance of the national oil company, SPC. By means of political hand-wringing and the extension of Kurdish political rights within a united Syria, this goal can be achieved; however, the issue of selling the oil is just as acute as is its production.

Most of Syrian export-bound oil was destined to Europe, partly because of its geographic vicinity, and partly because European companies Shell and Total (NYSE:TOT) were the largest shareholders in the sector. This is no longer possible as long as the EU ban on Syrian oil exports stays in place. Thus, the new owner would have to find new market outlets, either by relying on adjacent countries like Turkey or Lebanon, or by finding buyers in Asia.

Interestingly, there has been little to no discussion so far on which company will have to take up the uneasy job of bringing Syria’s energy sector back to life. Throughout the war years, only the minuscule Soyuzneftegaz ventured into Syria (eventually relinquishing its prospects in 2015). Tatneft, a state-owned enterprise that develops Tatarstan’s oil and gas fields, is an obvious candidate since Syria (along with Libya, to their detriment) was their first attempt to internationalize their activities. Just as it girded itself for the commissioning of the Qishma oil field, full-scale war broke out and the company was forced to abandon it. Tatneft, Russia’s fifth-largest producer, is interested in returning to Syria once conditions allow for it. Beyond that, it’s still unclear if state majors (Rosneft, Gazprom Neft) would want to join in.

Read More @ TheDuran.com

Five ‘Dry Runs’ Successfully Completed As China Prepares To Launch Its Gold Convertible Petro-Yuan

from SilverDoctors:

New reports are coming in on the extensiveness of the testing for the oil-for-yuan contract. Here’s the details…

March 26th is the tentative date. We’ve got our calendars marked, but first, an attempt to clarify some confusion people have about the petro-yuan.

Why?

Because discussing the petro-yuan, and the convertibility of yuan into gold, either in Shanghai or on the LBMA where gold is priced in Yuan, is about as polemic in the gold & silver community as Bitcoin. Perhaps even more so than Bitcoin.

As you will see below, it’s not even us saying the oil-for-yuan contract is convertible to gold, but a well respected news agency.

Regardless, to help clarify some of the confusion, here’s two points I argued pertaining to what everybodyseems to be missing about the whole oil-for-yuan/oil-for-gold contract:

The first point is a counter to this statement which everybody accepts as doctrine: Anybody can buy gold with dollar at any time – no gold-backed oil contract needed.

Let’s think about “anybody can buy gold with dollars now” for a moment.

Dollars come from the United States. The benchmark global gold price in dollars comes from the United States.

It makes sense that if a company/country is selling a crap-ton of barrels of oil for dollars, said company/country would be most efficient in purchasing their physical gold on the COMEX with those dollars.

It’s not like a company or country can walk into some local coin shop with $350,000,000 in U.S. dollars and scoop up a 259,259 Chinese Gold Pandas.

They need the COMEX.

Here’s the problem: If the U.S. futures market price of paper gold is nothing more than a debt based fiat currency price for something that never actually gets delivered, but rather, gets cash settled with more debt based fiat currency, then the company/country that just sold their oil for dollars is not really able to just take those dollars and buy gold as the “matter-of-fact” statement claims.

Secondary note to the first point:

We see what happens to world leaders when they announce or  begin to sell their oil for something other than dollars.

Anybody who is not familiar with this, the answer is death of said leader and destruction/plundering of the country by the war machine.

There is a flip-side to the oil-for-gold proclamations that we are missing:

Say Oil producers Canada or Mexico, or pick some non-bedfellow countries that attract the war machine, such as Turkey, Syria, Iraq, or Venezuela, who all of the sudden decide, “We are selling our oil for dollars, but we will immediately take them and buy physical gold from the COMEX with all the proceeds.”

Are the neo-cons, the deep state, the ESF, the Fed, the gold cartel and the other nefarious players just going to sit by and say:

“sure dude, whatever floats your boat”.

Not a chance. Said groups will spring into action, most likely of the swift and violent type.

To say “anybody can buy gold now” with their dollars misses the point.

The second point is even simpler:

The bigger picture that everybody keeps missing has to do with one of the principle reasons that people will use an un-backed, debt based fiat currency: CONFIDENCE

Whether the oil for gold contract is true or false, myth or fact, it misses the point that China is looking for confidence in something other than the dollar.

So back to the new details on the oil-for-yuan contract. 

Here’s the latest from RT (bold added for emphasis):

The petroyuan is seen as Beijing’s challenge to the US dollar, the dominant global currency in oil contract settlements.

The contract could reportedly be launched on March 26 on the Shanghai International Energy Exchange (INE). The exchange has recently received the approval from China’s State Council.

In December, the INE announced a successful completion of the fifth dry run in yuan-backed oil futures contract trading. It said that 149 of its members traded 647,930 lots in the rehearsal with a total value of 268.2 billion yuan. The exchange said the system met the listing requirements of crude futures after the exercise.

The Chinese government announced plans last year to start a crude oil futures contract priced in yuan and convertible into gold. The contract will enable the country’s trading partners to pay with gold or to convert yuan into gold without the necessity to keep money in Chinese assets or turn it into US dollars.

Now, tie this latest new with what Russia just said yesterday:

Russian financial institutions are prepared to survive without access to SWIFT (The Society for Worldwide Interbank Financial Telecommunication) – the global dollar-based interbank payments network – should the US and European Union follow through with threats to cut it off, according to Deputy Prime Minister Arkady Dvorkovich.

“Certainly, it is unpleasant, as it will prove a stumbling block for companies and banks, and will slow down work. It will be inevitable to deploy some aged technologies for information transfer and calculations. However, the companies are technically and psychologically ready for the shutdown as this threat was repeatedly voiced,” Dvorkovich said, according to TASS and RT, adding that such a dramatic step would negatively corporations doing business in the US and Europe.

“In general, disconnecting Russia from SWIFT would be a crazy step on the part of our Western partners. It is obvious that for the companies which work in Europe and the US it would be harmful. And this applies not only to the shutdown of the service,” he said.

Read More @ Silverdoctors.com

Will Netanyahu Create a Pretext to Distract from Possible Indictment?

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by Stephen Lendman, Stephen Lendman:

When politicians get in trouble, they try changing the subject.

Israeli police recommended Netanyahu be charged with bribery and breach of trust. Will he be indicted and prosecuted for alleged crimes he’s accused of committing?

Are his days in power numbered? He won’t step down voluntarily. In a live Wednesday evening broadcast, he said he’ll “continue to lead Israel…”

Claiming he governs “responsibly and faithfully” is utter rubbish. So is calling Israel “a democratic society.” It’s a Ziofascist police state – the region’s greatest menace along with America’s presence.

According to Netanyahu, earlier investigations into his alleged wrongdoing “led to nothing,” adding “this time it will also lead to nothing.”

He claimed the current probe leading to police recommending he be charged on multiple counts is biased, calling “allegations” against him “false and ungrounded.”

Police accused him of acting “against the public interest,” accepting hundreds of thousands of dollars in elicit gifts in return favors he sought for wealthy donors.

On Wednesday, police commissioner Roni Alsheich said “powerful people” gathered information about the probe into Netanyahu’s alleged wrongdoing, adding he’ll use every leak about the investigation to undermine police as biased and vengeful – whatever it takes to try avoiding indictment and prosecution.

If the case goes to court, he could lose and face prison time. In his Wednesday address, he failed to contradict police claims about his dubious activities.

He didn’t deny receiving expensive gifts or claim he didn’t seek legislation to benefit wealthy donors – nor deny pressing Yedioth Ahronoth publisher Arnon Mozes for favorable coverage in return for legislation prohibiting distribution of the free daily Israel Hayom, YA’s main competitor.

He maintained his innocence while not refuting allegations against him. Claiming an attempted coup wants him removed from office, he failed to name alleged conspirators or their motivation.

The quote attributed to Lord Acton about power corrupting and absolute power corrupting absolutely applies to Netanyahu along with countless other public and private figures.

He’s damaged goods. Will key coalition ministers demand he step down – or will they support him and have to answer to the Israeli public why in the face of damning evidence against him.

Netanyahu is stalling for time. Will he try changing the subject? According to Israel’s Channel 10, classified Foreign Ministry cables were sent to 15 regime ambassadors, warning if Syrian CW spillover occurs in Golan, it “would require Israel to respond in the strongest possible terms.”

The cables claimed Iran may launch attacks on Israel. Syria’s CW weapons were destroyed, confirmed by the Organization for the Prohibition of Chemical Weapons (OPCW).

Damascus and Tehran don’t threaten Israel. Does Netanyahu have a possible false flag attack in mind, blaming Syria and/or Iran to distract attention from his own troubles?

Do Washington and Israel intend escalating regional aggression? Does Russian intelligence know about any possible aggressive schemes planned?

Will it intervene forcefully to stop or counter any if launched? Will Netanyahu risk greater regional war, unilaterally or jointly with Trump, to shift attention from possible indictment he faces?

Read More @ StephenLendman.org

Keiser Report: Do No Harm (E1189)

from RT:

Max also interviews Patrick Byrne about the regulatory landscape as his own ICO for tZero draws to a close.

There Is No Russian Threat, There Is No China Threat — Only the British Threat

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by Harley Schlanger, LaRouche PAC:

You would be forgiven if you awoke this morning and read the morning paper or listened to the U.S. news outlets and concluded that you had passed through a time-warp, waking up in the early 1950s. “The Russians are coming,” you hear first —they are trying to snatch the elections. “The Chinese threaten our society,” comes next — they are infiltrating our schools, poisoning our children’s minds with anti-democratic propaganda.

Sen. Joe McCarthy? FBI Chief J. Edgar Hoover? No, this was today’s Sen. Marco Rubio and FBI Chief Christopher Wray, speaking Tuesday at a Senate Intelligence Committee hearing with America’s leading intelligence chiefs. And, as we have seen over the past weeks, the anti-China hysteria is exceeding even that against Russia, especially now that the entire Russia-gate scam is being publicly exposed as a British-instigated coup attempt, orchestrated by MI6 and the Obama Administration intelligence chiefs, just as EIR had revealed in its pamphlet “Robert Mueller is a Legal Assassin.”

Sen. Rubio said that, although the Kremlin poses a serious threat, and is trying to interfere in the 2018 U.S. elections, China is “the biggest issue of our time.” FBI Chief Wray joined in, accusing Chinese professors, scientists, and students of being “non-traditional collectors” — i.e., spies. “The Bureau is actively investigating some Chinese government-backed groups that are facilitating dialogues between Chinese and American academics,” Wray said, adding that he had “concerns” about the Confucius Institutes, and that the FBI has “developed appropriate investigations into them.”

And yet, the President of the United States has consistently insisted that the US must build friendly relations with China and with Russia — in fact, he held productive discussions with Vladimir Putin and Yang Jiechi (China’s leading foreign policy official) over the past week.

One of the clearest and wisest proposals to President Trump on how to succeed in his bold vision for rebuilding America’s collapsed infrastructure, was published today on China’s CGTN website. In an article titled “Make America Great Again — With Chinese Money,” Dr. John Tong, a professor at the prestigious Beijing University of International Business and Economics, writes that Trump’s $1.5 billion infrastructure plan is an excellent and necessary idea, but (as is being asked across the U.S.) where is the money going to come from?

“I have a great idea,” Dr. Tong writes. He notes that China has $3 trillion in reserves, mostly in US government debt. “This money can be readily used for Chinese investors to participate in America’s infrastructure boom.” He poses that “China’s current account trade-surplus can be somehow transformed into a capital account stock, in the form of money invested in America as permanent equity shareholders, and more importantly permanent stakeholders of a stable and prosperous Sino-US economic relationship.

“The “somehow” in this idea is well known to readers of this briefing: the concept of a new National Bank, or a National Infrastructure Bank, as proposed by Lyndon LaRouche as one of his “four laws.” Leading Chinese economists and officials have shown great interest in the proposal, as a means of swapping their enormous U.S. debt holdings into equity in such a bank, thus bypassing those who are sabotaging Chinese investment in the U.S. on “security” grounds, while turning the debt into credit for rebuilding the United States. Alexander Hamilton would be proud.

Read More @ LaRouchePAC.com