Saturday, December 14, 2019

100 billion reasons to have non-reportable assets

by Simon Black, Sovereign Man:

In early March 1938 in a dusty corner of the Arabian desert, Max Steineke finally had the breakthrough he was hoping for.

Steineke was the chief geologist for the California Arabian Standard Oil Company (CASOC), a venture owned by what we know today as Chevron.

And he hadn’t had a lot of success despite years of effort.

Steinke was convinced that massive oil reserves were beneath the sands. He just couldn’t find any.

His prized oil well, what was called Dammam #7, had been riddled with mishaps, accidents, and delays, and it was costing the company a LOT of money.

Steinke was about to be shut down when, finally, on March 4, the well started gushing. And Saudi Arabia was never the same.

Today oil constitutes more than half of Saudi Arabia’s GDP and more than 90{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of government revenue… and it is the reason why Saudi Arabia is one of the world’s richest nations as measured by per-capita GDP.

But all that success also comes with risk: what happens when the wells run dry? Or when the oil price falls?

That’s what they’re dealing with now.

Saudi Arabia has been in and out of recession over the past few years due to the steep decline in oil prices. And the government is desperate to raise revenue.

Last year the Saudi government announced “Vision 2030,” a long-term plan to diversify its economy and reduce dependence on oil revenue.

The plan includes developments like a new beach resort on the Red Sea where women will be allowed to wear bikinis. This is pretty forward thinking, folks.

The government also announced that it will sell a portion of the national oil company, Saudi Aramco, through an IPO on a major stock exchange– a move they believe will generate $100 billion for the government.

But none of these options fixes the short-term problem. Saudi Arabia needs cash. Now.

So over the past few weeks they’ve found their source: theft.

Under the guise of a ‘corruption crackdown’, the government of Saudi Arabia has arrested hundreds of its wealthiest, most prominent citizens, and frozen more than 1700 bank accounts.

The government claims that these men illegally acquired their wealth through graft and corruption.

Now, to be fair, it’s true that there’s an enormous amount of corruption in Saudi Arabia.

I lived in Riyadh years ago when I was a young intelligence officer, and the corruption was obvious from Day 1.

For example, I remember mid-level Saudi army officers explaining how they would accept bribes and kickbacks to award small contracts to local suppliers.

These were military commanders who were essentially stealing from their own units.

For us it was unthinkable. But for them it was normal. They discussed it openly with each other, as if they were trading tips on how to steal even more.

Saudi billionaire Prince al Waleed (one of the people who has been arrested) also used to speak quite candidly about how he made his initial fortune through bribes and kickbacks.

So it’s clear that a lot of people in Saudi Arabia have made money in illicit ways.

It does strike me as a farce, though, to see extremely corrupt bureaucrats and politicians arresting corrupt businessmen… and then confining them to the very swanky Ritz Carlton hotel in Riyadh.

The timing is also suspect– the Saudi government needs the money and cannot afford to wait for their long-term plans to generate income.

They’ve already started borrowing pretty heavily, issuing close to $40 billion of debt in a single year– that’s a big chunk for a country with a $650 billion GDP.

But they know they can’t keep borrowing forever… hence the ‘anti-corruption purge.’

They’re now telling their captives that they’ll be free to go if they ‘voluntarily donate’ 70{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of their wealth to the government.

Estimates vary for the amount of money the government will bring in through this theft; the lowest amount I’ve seen is $100 billion (again, an enormous sum in Saudi Arabia).

Read More @ SovereignMan.com

Thanksgiving Dinner Is Not Usually Served On A Silver Platter But This Year We May See Just That

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from SilverDoctors:

SD Outlook: The last two Novembers show the cartel has not been kind to the metals over the holidays, but now the tide has turned…

In November of 2015 when silver was bottoming, we all had to endure 15 consecutive days of pure disgust:

2016 was not quite as bad, but not any easier:

Which brings us to November 2017:

Notice the theme here.

Silver bottomed in 2015. In 2016, silver began (or resumed) its bull market. This is further supported by the huge moves on the 2016 chart above. This is because, generally speaking, in bull markets, the biggest moves are to the downside, and in bear markets, the biggest moves are to the upside.

And what do we see in 2017? A very slow and painful grind to the upside full of emotional hope and hopelessness all wrapped into eleven months.

So far, we have been spared the massive drop in price this November. This is not to say it’s not coming. We don’t know if it is or not, but we do now this:

The cartel absolutely loves to smash price during the holidays. Most people who are working on Wednesday are ineffective in their jobs as they have one thing in mind, the markets are closed on Thursday for Thanksgiving, and on Black Friday, again, work is about the last thing on most people’s mind.

And so for silverbugs it can be painful to watch, because the cartel has been successful in strong-arming the market during the holiday week.

If somehow we can manage a close above $17.45 on the daily in the chart above, then silver will have managed to take a big step forward in resuming the uptrend. Not shown with an arrow because we’d all rather have some hope, but a close below $16.71 and it most likely will, yet again, be a painful close to 2017.

At $17.20 we have a ray of hope because the price action has been positive to the upside and we are above both the 50-day and the 200-day.

Read More @ SilverDoctors.com

Where Does It End?

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by Jeff Thomas, International Man:

It’s nothing new.

Whenever a major country is in decline and approaching collapse, a contingent arises that does everything it can to speed up the process toward collapse. This is always done in the same way:

  • Vilify the established rulers as being the culprits for the nation’s woes.

  • Establish simplistic arguments to support that view. (The arguments need not be entirely logical or supportable, but they must have emotional public appeal.)

  • Create simplistic rhetoric that supports the destruction of the establishment and its icons.

  • Make the arguments and rhetoric as ubiquitous as possible (particularly through the media).

Then, like any recipe, turn up the heat and bake until done.

Generally, the destruction of the first icon (most often a statue) requires some sort of explanation, regardless of how flimsy the argument may be. After that has succeeded, praise is to be showered on those who took part, egging them, and others, on to do more. As each new icon falls, less justification is necessary and, in the end, only blind anger is required to keep the destruction going.

In the present era, we’re witnessing this age-old process taking place in quite a few countries, but notably in the US.

But, why the US—the one country in the world that began as possibly the most advanced, freest nation the world had ever seen? How did this come to pass in “the land of the free”?

Well, truth be told, no matter how inspired or sincere the founding fathers of any nation may be, those who would usurp them are always many in number and, in most cases, are prepared to do whatever it takes to slowly take power and return to tyrannical rule.

As Thomas Jefferson said,

Even under the best forms of Government, those entrusted with power have, in time, and by slow operations, perverted it into tyranny.

And, even in George Washington’s Cabinet, the rot set in early, with Treasury Secretary Alexander Hamilton continually seeking to subvert the objectives of Secretary of State Jefferson. Therefore, the degradation in the US system began quite early.

But why does it seem as though it’s speeding up dramatically now? Why is it suddenly pulling apart at the seams?

Well, for that answer, we can once again rely on Mister Jefferson:

Democracy is nothing more than mob rule, where 51{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of the people may take away the rights of the other 49{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}.

And the US has passed that significant tipping point. The majority now depend upon handouts from the government. Once that occurs, it becomes easy to sell them the idea that, since they’re “entitled” to the handouts, they have a perfect right to be outraged that they’re not receiving more. (Again, logic is not necessary; what’s required is an emotionally-charged sense of victimisation.)

Read More @ InternationalMan.com

Israeli Energy Minister admits that Israel is working with Saudi Arabia, to take on Iran

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by Alex Christoforou, The Duran:

Israel officially confirms its covert ties with Saudi Arabia.

Now that the “ISIS” plan to remove Assad and subjugate Syria has failed, a covert geo-political partnership between Saudi Arabia and Israel, aimed at disrupting Iran’s influence in the region, has increased concerns that a more dangerous war is in the making.

Zerohedge reports that for the first time a high level Israeli government official has formally acknowledged the increased ties between the two countries which have historically been bitter enemies, and which have never had official diplomatic relations.

The historic news, which is worrisome for the fact that it could bring the region closer to major war as the newfound “allies” eye the Iranian proxy Hezbollah, follows the leak of an Israeli diplomatic cable sent to all Israeli embassies throughout the world which revealed Israeli and Saudi behind the scenes coordination. The cable gave instructions to Israeli diplomats to express support for the Saudi war against Shia forces in Yemen and also urged embassies to aggressively lobby their host governments to take steps toward pushing Hezbollah out of Lebanon.

The Times of Israel reports the following Reuters story under with the headline, Israel Has Secret Contacts With Saudi Arabia, Senior Minister Reveals:

Energy Minister Yuval Steinitz said on Sunday that Israel has had covert contacts with Saudi Arabia amid common concerns over Iran, a first disclosure by a senior Israeli official of such contacts. In an interview on Army Radio, Steinitz was asked why Israel was hiding its ties with Saudi Arabia, which does not have diplomatic ties with Israel.

Steinitz replied in the affirmative, explaining that…

“We have ties that are indeed partly covert with many Muslim and Arab countries, and usually (we are) the party that is not ashamed. It’s the other side that is interested in keeping the ties quiet. With us, usually, there is no problem, but we respect the other side’s wish, when ties are developing, whether it’s with Saudi Arabia or with other Arab countries or other Muslim countries, and there is much more … (but) we keep it secret.”

Via Zerohedge

The official confirmation follows closely on the heels of an unprecedented interview that Israel Defense Force (IDF) chief-of-staff Lt. Gen. Gadi Eizenkot gave to a prominent Saudi newspaper last Thursday in which he said that, “Israel is ready to share intelligence with Riyadh on their shared arch-foe Iran.” Eizenkot explained further, according to Tel Aviv based i24NEWS, that “Israel and Riyadh – which he noted have never fought one another – are in complete agreement about Iran’s intentions to dominate the Middle East.”

Read More @ TheDuran.com

Meanwhile In Sweden, Crime Hits All Time Highs

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from ZeroHedge:

It appears President Trump, having warned that Sweden’s huge intake of refugees would lead to “problems like they never thought possible,” has been vindicated.

Following media mockery and Sweden’s official Twitter account responding:

“Hey Don, this is @Sweden speaking! It’s nice of you to care, really, but don’t fall for the hype. Facts: We’re OK!”

And now nine months later, Trump’s worst fears – and the lies of Swedish authorities – have been confirmed.

Bloomberg reports that the number of Swedes who were victims of crimes such as fraud and sexual offenses jumped to the highest level on record last year.

A survey by the Swedish National Council for Crime Prevention showed that 15.6 percent of people suffered one or more offences against the person (defined in the survey as assault, threats, sexual offences, robbery, fraud or harassment) last year. That’s up from 13.3 percent in 2015 and the highest number recorded since the annual Swedish Crime Survey started in 2006.

Read More @ ZeroHedge.com

Despite Sanctions Russia’s Economy Shoots over $4 trillion

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by Jon Hellevig, Russia Insider:

In GDP adjusted for purchasing power parity Russia actually rivals Germany

According to fresh figures from the IMF (October 24), Russia’s GDP is expected to exceed $4 trillion first time ever. By this measure, Russia is the 6th largest economy in the world, virtually on par with Germany, who scored $4.15 trillion.

At the same time, China has solidified its position as the world’s indisputably largest economy. With its $23 trillion, China’s economy is already bigger 1/5th than the U.S. economy with its $19 trillion.

The overall trend is that the old economies of the West (G7) are year by year falling further behind in growth as the more vigorous countries of the emerging world are surging ahead. Since 2000, the Chinese economy has grown more than 5 times (525{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}), while the U.S. economy could not even double in that time (88{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}). In 2000, China’s economy ($3.7 trillion) was about equal in size with Japan’s ($3.4 trillion), but in 17 years Japan grew only 0.6 times (60{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}), being now more than 4 times smaller than China.

 

India’s ascent with a 3.5 times (350{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}) growth has also been remarkable. Another winner is Indonesia who mustered a 2.4 times growth (240{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}).

The former European industrial powerhouses have been less fortunate, all failing even to double in the 17 years. UK grew by 85{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}, Germany 71{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}, France 71{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}, whereas Italy only added 42{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} in all those years.

Despite the sanctions burden and oil price plunge, Russia, however, managed to grow 1.5 times. As Russia has now successfully adjusted to the new economic realities and returned to a growth trend, it is expected that Russia will soon – maybe as early as in 2018 – supersede Germany.

Russia’s economy is now 40{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} bigger than those of the UK and France and 70{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} bigger than Italy.

Why the PPP method is more accurate for GDP comparisons

These GDP figures are calculated according to the PPP method. Chris Martinau from the Moscow accounting firm Awara Accounting explains that PPP stands for purchasing power parity and it aims to capture the value of the real economic output contrary to the method of rendering GDP in nominal USD figures. The nominal method, converts a country’s GDP calculated in the local currency to the USD using the market exchange rates. The figures calculated with the nominal method is what the media tends to report. But, the Nominal GDP method contains several grave errors. There’s a huge calculation bias in favor of the countries possessing the dominant world currencies, that is, the Western countries. Thanks to the dominant currencies, their GDPs tend to be inflated in value as compared with the countries with currencies that are not widely used globally. This way, the economies of the Western countries would seem bigger than they are if one only goes by the nominal market exchange value.

High taxes and a high general level of prices also push up the nominal GDP, again making the Western economies seem bigger than they are.

GDP is statistics fraught with assumptions

Before we proceed further, I must note that any GDP (Gross Domestic Product) calculation is a statistical exercise based on a host of assumptions on how to arrive to the total value of everything produced. Therefore, the step from Nominal GDP to PPP method is just one of the thousands of assumptions, the one method is not based on more exact input data than the other.

Read More @ Russia-Insider.com

MUSLIMS RIOT IN BRUSSELS – Stores Looted, Christmas Market Attacked (Video)

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by Jim Hoft, The Gateway Pundit:

Last week Moroccans rioted in Brussels after Morocco qualified for the World Cup.

Hundreds of Moroccans flooded the streets, broke windows and started fires.

Part of the City Center was damaged.
A Christmas market was attacked.

Read More @ TheGatewayPundit.com

CNN PANEL MELTS DOWN AFTER GUEST MENTIONS HILLARY SILENCING BILL ACCUSERS

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from Infowars:

‘Hillary Clinton went after Lewinsky, called her a bimbo…’ says guest

A CNN panel went off the rails Friday after a conservative guest brought up Hillary Clinton having “victim shamed” Bill Clinton’s accusers.

On “CNN Newsroom With Brooke Baldwin,” the subject of Bill Clinton’s alleged sexual misconduct and marital affairs came up.

Referring to Clinton’s alleged sexual misconduct, conservative guest Carrie Sheffield noted that, “it was case after case after case, and Hillary Clinton, she victim shamed. You want to talk about listening to women? She called Monica Lewinsky who was an intern at the time…”

Read More @ Infowars.com

From Russians To ‘Deplorables’ To Insiders Who Knew Too Much, Are ‘Enemies Of The Deep State’ Being Targeted For ‘Elimination’? The ‘Clinton Body Count’ Rises Again!

by Stefan Stanford, All News Pipeline:

In this interesting story over at RT that Steve Quayle linked to on his website we learn that authorities can now request the DNA of Americans, without our knowledge or consent, through websites such as Ancestory.com and 23andMe. And while a 23andMe spokesman claimed they’ve only received 5 requests for DNA and have resisted all requests, resulting in no information released, the legal precedent has been set and as we’re reminded in an SQnote he left on that story: You do realize that bio specific weapons can be targeted against specific individuals DNA, don’t you? 

As we reported on ANP back on November 16th, authorities in the US also recently were accused of collecting Russian DNA by Russian president Vladimir Putin himself and in so doing, raised fears that the DNA collection was being done upon various ethnic groups in Russia for the purpose of developing an ethnic specific weapon capable of only targeting Russians. 

And with the mainstream media and the entire democratic party, aka entrenched establishment, going bats**t crazy in their ‘projection’ that ‘everything is tied to Russia’ here in 2017 America, let’s take a look at what the Russians think about US authorities attempting to get the DNA of people across their country. From Russian Senator Franz Klintsevich, the deputy head of the Defense and Security Committee, who was among the first to suspect foul play.: 

“I am not saying that we are definitely talking about preparations for biological war against Russia,” he prefaced his statement on Facebook. “But the scenario is undoubtedly being developed.” 

The senator suggested that different ethnicities react to biological arms differently and perhaps, “this is why the West is meticulously collecting material across the country.” “The relevant western agencies need to know that we are clued up on their interests,” Klintsevich said, praising Putin’s statement.

Are enemies of the ‘deep state’, whether Russians or ‘deplorables’ or simply insiders who knew too much, being targeted for elimination? As we read in more detail below, a new name could be added to the always-growing ‘Clinton body count’.

In psychology,‘projection’ is a theory in which humans defend themselves against their own unconscious (or conscious!) impulses or qualities (both positive and negative) by denying their existence in themselves while attributing them to others. As Susan Duclos reported on ANP in this November 17th story, with the REAL ‘Russia conspiracy’ now being unfurled before our eyes, we’re not the least bit surprised that Hillary is calling the calls to investigate her an abuse of power yet over the past 20+ years, who was regularly abusing their power? 

What we’ve seen from Hillary Clinton, the Democratic establishment and much of the mainstream media apparatus ever since November 8th of 2016 and President Donald Trump’s stunning presidential victory over Hillary, with Russia being blamed for almost everything, while facts such as the map above paint a much more truthful picture, have been a huge series of projections and we see an absolutely stunning example of it in this new story from over at Prison Planet

According to the story, a ‘mass triggering’ has been caused by a makeup app that can be used to digitally remove the makeup from women (or men) and of course, Russia is once again being blamed. Proving the absolute ridiculousness of the entire ‘blame Russia for everything’, triggered liberal snowflakes are now blaming Russia for what is being called a ‘violent and misogynistic’ app that will allowtheir friends, or enemies, to see what they likely look like without their make up on. 

The story over at Business Insider Tech Insider began “No one knows how to generate headlines and outrage like a pro-Russia propagandist” and as Chris Menahan over at Information Liberation reports, the liberal media is absolutely losing their mind over this. So now its Russia’s fault for what people look like without their makeup on? 

As Hillary Clinton clearly knows, lies, like makeup, are sometimes partially used to conceal, which brings us back to the collection of DNA both in Russia and of Americans by people who may not have the Russians, nor Americans, best interests in mind. We first lookhere at a very wise comment made on this November 18th ANP story by reader bkinney who stated:

  Some thing big coming our way to get the news off Hillary

History is littered with huge events happening that seemingly come out of nowhere to take the news off of another huge story that often involves the ‘global elite’ and corruption. Take for example the Pentagon news conference on September 10th of 2001 in which it was announced that the Pentagon had somehow ‘misplaced’ $2.3 trillion only for that story to be swept away to the dustbin of history by the events on 9/11. 

Or the ‘Clinton body count’ which seems to have another name added to it on a regular basis now, with DNC mega-donor Steve Mostyn recently found dead in Texas. Mostyn was one of the co-founders of the ‘Ready For Hillary PAC’ and died at the young age of 46 from a‘mental health issue’ which seemed to come about suddenly. Of interest, according to this ATS thread with sourcesMostyn was heavily involved in children’s organizations. And we all know what’s been happening with pedo rings all over the US

Was Steve Mostyn ‘Arkanicided’? 

Read More @ AllNewsPipeline.com

The World LandBridge

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from LaRouche PAC:

THE NEW SILK ROAD

The “Eurasian Landbridge” or New Silk Road — a vision first proposed and drafted by Lyndon and Helga LaRouche over two decades ago to fully develop the entirety of the Eurasian continent — is now the active, official policy of the government of China, supported also by other key Asian nations. On September 7, 2013, Chinese President Xi Jingping visited Kazakhstan where he first announced the adoption of a policy he called the “New Silk Road Economic Belt” stretching from the Pacific Ocean to the Baltic Sea.

 Chinese President Xi Jingping speaking in Astana, Kazakhstan on September 7, 2013 announces his poilicy of creating a Silk Road Economic Belt for the development of Eurasia to deepen cooperation and forge closer economic ties among the nations.
Chinese President Xi Jingping speaking in Astana, Kazakhstan on September 7, 2013 announces his poilicy of creating a Silk Road Economic Belt for the development of Eurasia to deepen cooperation and forge closer economic ties among the nations.

To forge closer economic ties, deepen cooperation and expand development in the Euro-Asia region, we should take an innovative approach and jointly build an ’economic belt’ along the Silk Road. This will be a great undertaking benefiting the people of all countries along the route… We must expand the development of Eurasia, creating an economic belt along the Silk Road. China and the Central Asian countries are at a crucial stage; we need a broader vision for cooperation. The peoples of this ancient Silk Road together can compose a wonderful new chapter in the much-told story. Now is a golden opportunity for development.”

— Xi Jingping, Sept. 7, 2013

Astana, Kazakhstan

Less than a month later, President Xi Jingping augmented his program for the Silk Road Economic Belt by also calling for the creation of a ‘Maritime Silk Road of the 21st Century’ during a speech in Indonesia.

“Southeast Asia has since ancient times has been an important hub along the ancient Maritime Silk Road. China will strengthen maritime cooperation with ASEAN countries to vigorously develop maritime partnership in a joint effort to build the Maritime Silk Road of the 21st Century. China is ready to expand its practical cooperation with ASEAN countries across the board, supplying each other’s needs and complementing each other’s strengths.”

Xi Jingping, October 3, 2013 · Indonesian Parliament

SEE: Helga Zepp-LaRouche: New Silk Road Leads to the Future of Mankind

Below, we present an interactive map of the World Landbridge, an extended version of the Eurasian Landbridge plan for the economic development of the entire planet. This planetary development program — an integrated system of the most crucial projects in transportation, water management, power generation, resource development, agricultural production, and city building — will be the cornerstone of a new international system of common benefit among nations for mutual cooperation and progress, a new system which is already emerging with the historic agreements for a new international economic order among the BRICS nations and others.

Read More @ LaRouchePAC.com