By forcing Russia to conduct more business in the yuan and other Asian currencies, the U.S. may be speeding up the end of the petrodollar and giving China more prominence on the world stage. Russian businesses reducing their exposure to the dollar to minimize damage from tougher punishments.
For years now I have carefully outlined the most likely path of collapse to take place within the U.S., and a vital part of that analysis included economic destabilization caused by a loss of the dollar’s world reserve status and petro-status. I have also always made clear that this fiscal crisis event would not occur in the midst of a political vacuum. The central banks and international financiers that created our ongoing and developing disaster are NOT going to allow the destruction of the American economy, the dollar, or global markets without a cover event designed to hide their culpability.
Having served Washington’s propaganda purposes, the downed Malaysian airliner and the alleged Russian armored column that entered Ukraine and was allegedly destroyed have dropped out of the news even though both stories remain completely and totally unresolved.
"This is the end game."
According to a Federal Reserve report on American households’ “economic well-being” in 2013, fewer than half of all Americans said they’d be able to come up with four Benjamins on short notice to deal with an unexpected expense.
Ukraine's next crisis will be a economic one, as violent conflict destroys critical infrastructure in the east and brings key industry to a halt, furthering weakening the energy sector by crippling coal-based electricity production.
Farmers in the 28-nation European Union (EU) have suffered losses after Russia recently imposed a food ban on the West in retaliation for sanctions slapped on Moscow over the crisis in Ukraine. estimated to suffer USD 16-billion in losses this year
Russia reportedly consider sanctions against the West if United States and European Union (EU) impose more bans on Moscow. Moscow may “fully or partly” ban car imports if Washington and EU adopt fresh sanctions. Would not apply to production of foreign automakers operating inside Russia.
President of Finland to Visit Russia to discuss bilateral cooperation between Russia, Finland and international issues. Swiss dodge embargo. "Imports of Swiss cheese to Russia may rise,"Switzerland may replace cheeses from EU countries.
The top court in Portugal has partially rejected government austerity three percent levy on public sector pensions starting at 1,000 euros. Plan to charge tax on pensions did not ensure “fairness, ruled the government was authorized to cut salaries of public sector workers earning more than 1,500 euros.
“The sanctions policy pursued by the West, that is, ourselves, a necessary consequence of which has been what the Russians are doing, causes more harm to us than to Russia; Hungarian Prime Minister Viktor Orban.
The concept of conspiracy frightens some people, so much so that they are willing to overlook any and all evidence that world events are for the most part directed, rather than chaotic and coincidental.
Billionaire investor George Soros increased his bet against the US stock market by more than 600pc in the second quarter, regulatory filings show.
Russia has suspended imports of alcoholic drinks from Ukraine’s biggest distilleries over violations of Russia’s consumer rights protection laws, Russia’s consumer rights watchdog (Rospotrebnadzor) said in a release on Wednesday.
Spain’s public debt topped one trillion euros for the first time, the central bank announced Thursday, despite years of government-imposed austerity. Government struggles to contain annual deficits by raising taxes, freezing public salaries and curb spending on education and health care.
Truckloads of fruit left rotting after being turned away from border as farmers demand special exemption from sanctions or compensation. 3.5m kg of peaches alone said to have rotted in fridge trucks turned back from Russia. Russia absorbs more than 60% of Greek peach exports and almost 90% of strawberries.
Ecuador doesn’t need anybody’s permission to export agricultural products to Russia, which now has a big gap that needs to be filled after it banned supplies from a number of western countries, said President Rafael Correa.
Anglo-Saxon agression against Russia is taking the form of financial and economic warfare. However, Moscow is preparing for armed hostilities by developing its agricultural self-sufficency and multiplying its alliances.
Spain will meet with EU officials Thursday to discuss offsetting the country’s estimated €337 million in food and agriculture losses due to blocked access to the Russian market. Last week Russia announced a ban on agricultural imports from the EU, US, Canada, Australia and Norway.
A report from the Russian TV channel Rossia 1 shows how Russia and Argentina have been literally pushed by the USA into working with each other and the kind of results this collaboration is achieving.
Vladimir Putin's chief "integration" advisor, Sergei Glazyev: U.S.-led “economic war” against Russia will ricochet, EU to pay the steepest costs; stands to lose 1 trillion euros, includes possible bankruptcy of several European banks and companies. Energy crisis in Europe will bring sharp spike in prices. Turkish, Chinese and east Asian nations will fill void left by departure of their European rivals from Russian market. Will cost 250 billion euros for Germany alone, push the three Baltic states to an “economic catastrophe.” Lithuania and Latvia will lose half their entire economic output, cost for Estonia will reach 50 percent more than its gross domestic product.
Russia signed $20 billion oil deal with Iran to bypass both western sanctionsyesterday.Energy Ministry in Moscow: Russia will help Iran “organise oil sales”“cooperate in the oil-gas industry, construction of power plants, grids, supply machinery, consumer goods, agriculture products.”
How can a nation lawfully put its central bank out of business because of monetary policies that destroy the people’s freedom and the nation’s wealth?
They span the globe, from Greece and Ukraine in Europe, to Pakistan in Asia, to Ecuador, Venezuela, and Belize in the Americas. Some nations, such as Ukraine and Egypt, owe their recent downgrades to political conditions. Greece's debt projected to hit 175% of GDP by end of year.
Stocks fell sharply in Argentina on Thursday as the country defaulted on its bills for the second time in 13 years, raising fears the move could diminish foreign reserves, stoke inflation and drive the economy deeper into recession.
Bank of America is fined $1.3 billion for selling bad loans to giant mortgage firms Fannie Mae and Freddie Mac amid fallout from America's financial crisis. Penalty imposed by Judge Jed S. Rakoff Federal District Court in Manhattan in New York; known for having strong views on financial fraud.
About one third of adults in the US—some 77 million people—have debt in collections, meaning it is six months past due or more, average amount owed in collections is $5,178, figure ranges from $25 to over $125,000. In Nevada, nearly half, of residents who had credit files, reported having debt in collections.
All three major US stock indexes fell Friday, capping the largest weekly decline in US stock markets in nearly two months. The catalyst for Friday’s sell-off was a very weak series of sales figures and projections from three corporations tied to consumer spending: Amazon, the largest online retailer; Wal-Mart, the largest brick-and-mortar retailer; and Visa, the credit and debit card transaction company.
ONE HUNDRED years ago, fighting broke out among the great powers of Europe, launching what has become known as the First World War. The brutal conflict, which lasted more than four years, proved to a decisive turning point for humankind and for its socialist movement, and its effects are strongly felt even today.
Some 1,129 people have been killed and nearly 3,500 wounded in eastern Ukraine since the start of the Kiev's military operation in April, according to UN estimates. 178
The Chinese yuan growing stronger. The Swiss National Bank and China agreed on a currency-swap deal on Monday. Last year China signed several agreements with other countries for direct currency deals.
Stuart Littlewood calls for comprehensive sanctions against Israel and its Western mouthpieces and stooges – as well as against media such as the BBC which consistently fail to challenge Zionist disinformation.
Beef, pork, poultry higher levels of pesticides than any plant food. Antibiotics, drugs, hormones, Strawberries, raspberries, cherries have the most pesticides, Potatoes fungicides, peaches, nectarines 45 pesticides, celery exceed safe levels cannot be washed off, grapes 35 different pesticides.
And while Jewmerica is eating its heart out trying to isolate Russia with its laughable slogan, ‘mobilizing the international community,’ Putin continues to straddle the world stage…this time in Jewmerica’s own backyard in Latin America.
Massive profits racking up from residents; tourists from out-of-state make up nearly half of the recreational marijuana sales. last month, the state pulled in $21 million in sales (down from $22 million in April). Colorado excise sales tax, $4,775,679 from marijuana-related sales tax in June, 2014 .
In a direct challenge to Western control of two major international financial organizations, the five countries known as the BRICS — Brazil, Russia, India, China and South Africa — announced on July 15 the formation of a new development bank that they will control.
The first two days this week gold was subjected to a series of computer HFT-driven “flash crashes” that were aimed at cooling off the big move higher gold has made since the beginning of June.
Mexican financial leaders and politicians have been working to institute sweeping monetary change, many of its most influential and wealthy citizens are demanding the country abandon its fiat currency, the Peso, and return to a silver standard.
PUTIN: Our bilateral cooperation is of strategic importance, Brazil is a responsible member of the international community, political influence is steadily increasing; largest country in South America, a leading world. economy. We support Brazil as a candidate for permanent seat on UN Security Council.
Residents of a West Virginia town that formerly hosted a Monsanto factory that produced noxious, cancer-causing chemicals can begin receiving assistance promised through a 2012, multi-million-dollar settlement.
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