• Tag Archives Russia
  • Leading The Multipolar Revolution: How Russia And China Are Creating A New World Order

    The last thirty days have shown another kind of world that is engaging in cooperation, dialogue and diplomatic efforts to resolve important issues. The meeting of the members of the Belt and Road Initiative laid the foundations for a physical and electronic connectivity among Eurasian countries, making it the backbone of sustainable and renewable trade development based on mutual cooperation. A few weeks later, the Shanghai Cooperation Organization meeting in Astana outlined the necessary conditions for the success of the Chinese project, such as securing large areas of the Eurasian block and improving dialogue and trust among member states. The following AIIB (Asian Infrastructure Investment Bank) meeting in ROK will layout the economical necessities to finance and sustain the BRI projects.
    The Shanghai Cooperation Organization (SCO) and the Chinese Belt and Road Initiative (BRI) have many common features, and in many ways seem complementary. The SCO is an organization that focuses heavily on economic, political and security issues in the region, while the BRI is a collection of infrastructure projects that incorporates three-fifths of the globe and is driven by Beijing’s economic might. In this context, the Eurasian block continues to develop the following initiatives to support both the BRI and SCO mega-projects. The Collective Security Treaty Organization (CTSO) is a Moscow-based organization focusing mainly on the fight against terrorism, while the Asian Infrastructure Investment Bank (AIIB) is a Beijing-based investment bank that is responsible for generating important funding for Beijing’s long-term initiatives along its maritime routes (ports and canals) and overland routes (road, bridges, railways, pipelines, industries, airports). The synergies between these initiatives find yet another point of convergence in the Eurasian Economic Union (EEU). Together, the SCO, BRI, CTSO, AIIB, and EEU provide a compelling indication of the direction in which humanity is headed, which is to say towards integration, cooperation and peaceful development through diplomacy.
    On the other side we have the old world order made up of the IMF, the World Bank, the European Union, the UN, NATO, the WTO, with Washington being the ringmaster at the center of this vision of a world order. It is therefore not surprising that Washington should look askance at these Eurasian initiatives that threaten to deny its central and commanding role in the global order in favor of a greater say by Moscow, Beijing, New Delhi and even Tehran.

    This post was published at Zero Hedge on Jun 21, 2017.


  • The Russians Do It Again: Democrats Get Crushed In Georgia Election Despite 7x Spending Advantage

    Summary:
    After months of Democrats boasting that Georgia’s special election in the 6th district would be a startling referendum on Trump’s agenda, they just got served up another stunning defeat, as most networks have now called the race for Republican Karen Handel. In fact, rather than losing ground since Trump moved into the White House, Republicans actually performed better.
    Of course, making Handel’s win even sweeter for Republicans is the fact that Democrats outspent them by a margin of 7-to-1, with Ossoff dropping a staggering ~$22 million versus only $3 million for Handel….which is kind of reminiscent of how things played our for Hillary…oops.

    This post was published at Zero Hedge on Jun 20, 2017.


  • Why The Wall Street Journal Is Wrong About The US Oil Export Boom

    The lead editorial in Friday’s Wall Street Journal was pure energy nonsense.
    ‘Lessons of the Energy Export Boom’ proclaimed that the United States is becoming the oil and gas superpower of the world. This despite the uncomfortable fact that it is also the world’s biggest importer of crude oil.
    The Journal uses statistical sleight-of-hand to argue that the U. S. only imports 25% of its oil but the average is 47% for 2017. Saudi Arabia and Russia – the real oil superpowers – import no oil.
    The piece includes the standard claptrap about how the fracking revolution has pushed break-even prices to absurdly low levels. But another article in the same newspaper on the same day described how producers are losing $0.33 on every dollar in the red hot Permian basin shale plays. Oops.

    This post was published at Zero Hedge on Jun 20, 2017.


  • JUNE 20/RAIDS CONTINUE DUE TO THE HIGH OPEN INTEREST IN SILVER AS THE BANKERS JUST CANNOT GET THOSE SILVER LEAVES TO FALL/DONALD TRUMP VERY UPSET WITH THE DEATH OF WAMBIER, WHO WAS ARRESTED AND T…

    GOLD: $1241.00 DOWN $3.20
    Silver: $16.40 DOWN 8 cent(s)
    Closing access prices:
    Gold $1243.40
    silver: $16.45
    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: $1254.94 DOLLARS PER OZ
    NY PRICE OF GOLD AT EXACT SAME TIME: $1245.60
    PREMIUM FIRST FIX: $9.34
    xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
    SECOND SHANGHAI GOLD FIX: $1256.89
    NY GOLD PRICE AT THE EXACT SAME TIME: $1246.70
    Premium of Shanghai 2nd fix/NY:$10.11
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    LONDON FIRST GOLD FIX: 5:30 am est $1246.50
    NY PRICING AT THE EXACT SAME TIME: $1246.90
    LONDON SECOND GOLD FIX 10 AM: $1242.20
    NY PRICING AT THE EXACT SAME TIME. $1242.80
    For comex gold:
    JUNE/
    NOTICES FILINGS TODAY FOR APRIL CONTRACT MONTH: 23 NOTICE(S) FOR 2300 OZ.
    TOTAL NOTICES SO FAR: 2612 FOR 261,200 OZ (8.1244 TONNES)
    For silver:
    For silver:
    JUNE 3 NOTICES FILED TODAY FOR
    15,000 OZ/
    Total number of notices filed so far this month: 917 for 4,585,000 oz

    This post was published at Harvey Organ Blog on June 20, 2017.


  • JUNE 19/USA LED COALITION SHOOTS DOWN SYRIAN MIG IN RUSSIAN AIRSPACE/RUSSIA EXTREMELY ANGRY AND ISSUES STATEMENT THAT IT WILL SHOOT DOWN ANY PLANE OVER ITS AIRSPACE: USA RESPONDS LIKEWISE/CANADA …

    GOLD: $1244.20 DOWN $9.80
    Silver: $16.48 DOWN 15 cent(s)
    Closing access prices:
    Gold $1244.20
    silver: $16.53
    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: $1261.77 DOLLARS PER OZ
    NY PRICE OF GOLD AT EXACT SAME TIME: $1252.70
    PREMIUM FIRST FIX: $9.07
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    SECOND SHANGHAI GOLD FIX: $1260.02
    NY GOLD PRICE AT THE EXACT SAME TIME: $1251.80
    Premium of Shanghai 2nd fix/NY:$8.22
    xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
    LONDON FIRST GOLD FIX: 5:30 am est $1251.10
    NY PRICING AT THE EXACT SAME TIME: $1251.60
    LONDON SECOND GOLD FIX 10 AM: $1255.40
    NY PRICING AT THE EXACT SAME TIME. $1254.50
    For comex gold:
    JUNE/
    NOTICES FILINGS TODAY FOR APRIL CONTRACT MONTH: 45 NOTICE(S) FOR 4500 OZ.
    TOTAL NOTICES SO FAR: 2589 FOR 258,900 OZ (8.0528 TONNES)
    For silver:
    For silver:
    JUNE 3 NOTICES FILED TODAY FOR
    15,000 OZ/
    Total number of notices filed so far this month: 914 for 4,570,000 oz

    This post was published at Harvey Organ Blog on June 19, 2017.


  • The Fallacies Of The ‘Russia-Truthers’

    The anti-Russia hysteria – now rivaling past Red Scares with Russians hiding under every bed – has led to factual errors in press accounts and has erased standards of political fairness.
    One of the more extraordinary developments since the U. S. presidential election is that the paranoia and the grotesque disregard for facts, evidence and logic that characterized the Trump-inspired ‘birther movement’ can now be reasonably said to characterize the Left’s stance toward Donald J. Trump.
    ***
    There seems to be nothing that Trump opponents will not say and no charge, however low, they will not stoop to making as long as it furthers the goal of removing Trump from office. But, alas, the liberal case against Trump rests upon little more than widely shared fictions and unsubstantiated claims about Trump’s alleged ties to Russia.

    This post was published at Zero Hedge on Jun 18, 2017.


  • The Big Collusion Narrative Keeps Melting Down

    After two days and almost six hours of high-stakes public testimony, I’m struck by the total lack of any compelling claims supporting the ‘big’ collusion narrative, that Russia conspired with Trump or Trump officials to ‘hack’ election.
    ***
    While we certainly aren’t privy to all the relevant information or all the relevant testimony, nothing that James Comey said last week or that Jeff Sessions said this week (much less any of the questions directed his way) contained so much as a meaningful hint that the Committee was on the verge of uncovering the political scandal of the century.

    This post was published at Zero Hedge on Jun 18, 2017.


  • Global Equity Markets Firmer As Oil Stabilizes, Greece Gets Bailout Money

    (Kitco News) – World stock markets were mostly higher overnight. Crude oil prices are firmer today, which helped out the equities. Also, Greece’s creditors approved another release of bailout money for the indebted country, which assuaged European investors. U. S. stock indexes are pointed toward slightly higher openings when the New York day session begins.
    Gold prices are modestly up in pre-U. S. market trading, on a technical and short-covering bounce from solid selling pressure seen earlier this week.
    In overnight news, Russia’s central bank cut its key interest rate by 25 basis points. The Russian ruble rallied on the news.
    The Bank of Japan held its regular monetary policy meeting Friday and made no major changes in its policy.
    The Euro zone’s consumer price index for May was reported down 0.1% from April and up 1.4% from a year ago. The numbers were right in line with market expectations but down from the European Central Bank’s target rate of around 2.0% annual inflation.

    This post was published at Wall Street Examiner on June 16, 2017.


  • How Precious Metals Can Help Protect Your Wealth from Hackers

    Could your wealth be hacked? It’s a threat most investors overlook. But they do so at their own peril.
    Learn How to Exploit the Gold Frenzy! If elections can be hacked, then so can bank and brokerage accounts, as well as any online platforms for digital currencies.
    More than five months into Donald Trump’s presidency, the ‘Russia hacked the election’ conspiracy theories still won’t go away. They’re expanding to also implicate Russian hackers for meddling in elections in France and elsewhere. The latest Russian hacking story centers on Qatar.
    According to the Guardian, ‘An investigation by the FBI has concluded that Russian hackers were responsible for sending out fake messages from the Qatari government, sparking the Gulf’s biggest diplomatic crisis in decades.’
    Choose From 10-100oz Pure Silver Trusted Bullion Dealer – Buy Now! silvergoldbull.com The Russian government has repeatedly denied involvement in these hacking campaigns. Regardless of whether the news about Russian hackers is fake, the threat of cyber-attacks is very real.
    In recent months, major e-mail providers and e-commerce sites have been hit by hackers. They often take customers’ information and try to sell it on the dark web.

    This post was published at GoldSilverWorlds on June 17, 2017.


  • “Someone’s Going To Jail” Gingrich Warns Mueller’s Russia ‘Witch Hunt’ Too Big To Fail Now

    After the Washington Post-New York Times-CNN axis got the public worked into a lather by effectively trying President Donald Trump and his administration in the court of public opinion, Americans are desperate to see somebody held accountable for…wait…what is it again? Collusion? Obstruction? The narrative changes so quickly, it’s difficult keeping track.
    Enter Former Speaker Newt Gingrich, who told Fox’s Sean Hannity on Friday that the investigators who’ve been hired by Special Counsel Robert Mueller won’t quit until they’ve found their own Scooter Libby-type figure to play the role of political pariah.

    This post was published at Zero Hedge on Jun 17, 2017.


  • The Treasonous Secession Of Climate Confederacy States

    After President Trump rejected the Paris Climate treaty, which had never been ratified by the Senate, the European Union announced that it would work with a climate confederacy of secessionist US states.
    Scotland and Norway’s environmental ministers have mentioned a focus on individual American states. And the secessionist governments of California, New York and Washington have announced that they will unilaterally and illegally enter into a foreign treaty rejected by the President of the United States.
    The Constitution is very clear about this. ‘No state shall enter into any treaty.’ Governor Cuomo of New York has been equally clear. ‘New York State is committed to meeting the standards set forth in the Paris Accord regardless of Washington’s irresponsible actions.’
    Cuomo’s statement conveniently comes in French, Chinese and Russian translations.

    This post was published at Zero Hedge on Jun 16, 2017.


  • JUNE 16/DEPT OF JUSTICE SHENANIGANS/NY FED LOWERS ESTIMATE OF 2ND QUARTER GDP TO 1.8%/GOLD RISES $1.80 BUT SILVER LOSES 5 CENTS/ FOR THE 12TH CONSECUTIVE DAY, THE AMOUNT OF SILVER STANDING AT THE…

    GOLD: $1254.00 UP $1.80
    Silver: $16.64 DOWN 5 cent(s)
    Closing access prices:
    Gold $1253.40
    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: $1260.95 DOLLARS PER OZ
    NY PRICE OF GOLD AT EXACT SAME TIME: $1252.61
    PREMIUM FIRST FIX: $8.34

    This post was published at Harvey Organ Blog on June 16, 2017.


  • Stock Prices Fall as Senate Passes Russia Sanctions Bill

    In Dow Jones news today, stock prices fell as the Senate passed a bill that would place new sanctions on Russia.
    Here are the numbers from Thursday for the Dow, S&P 500, and Nasdaq:
    Now here’s a closer look at today’s most important market events and stocks, plus Friday’s economic calendar.
    The Five Top Stock Market Stories for Thursday
    European finance ministers debated another round of debt relief for the embattled Greek economy and decided to offer a bailout of 8.5 billion euros ($9.5 billion). Greece’s current bailout program is the third effort by international finance leaders since the nation fell into economic calamity in 2010. Crude oil prices cratered and hit a seven-month low on news of a huge spike in U. S. gasoline inventory levels and expectations that OPEC will not be able to balance supply and demand. Crude oil prices are now off more than 12% since May 25. The WTI crude oil price today fell 0.7%. Brent crude dipped 0.2%.

    This post was published at Wall Street Examiner on June 15, 2017.


  • Trump: “Zero Proof” Of Russian Collusion “So Now They Go For Obstruction Of Justice”

    They made up a phony collusion with the Russians story, found zero proof, so now they go for obstruction of justice on the phony story. Nice
    — Donald J. Trump (@realDonaldTrump) June 15, 2017

    Yesterday, when we summarized the latest WaPo article according to which Special Counsel Mueller is now probing Trump for obstruction of justice, we said “the intelligence community basically forced Trump’s hand by slowly leaking out damaging innuendos and accusations over the past several months, while refusing to confirm that he, himself, was never actually under investigation. In the end, those damaging leaks, combined with Comey’s refusal to confirm publicly that Trump was not under investigation, resulted in Comey’s sudden dismissal on May 9th. And now, even though he was never a target of any investigation, leaks from the intelligence community have forced a situation where Trump may be under investigation by the intelligence community, a rather confounding, if perhaps well-orchestrated, outcome.”

    This post was published at Zero Hedge on Jun 15, 2017.


  • Around the world, beer consumption is falling

    THE world appears to have passed peak booze. The volume of alcoholic drinks consumed globally fell by 1.4% in 2016, to 250bn litres, according to IWSR, a research firm. It is the second consecutive year of decline, and only the third since data started to be collected in 1994. The drop-off is caused by people drinking less beer, which accounts for three-quarters of all alcohol drunk by volume. Worldwide beer consumption shrank by 1.8% to 185bn litres last year. Yet because the drinking-age population of the world grew by 1% in that time, beer consumption per drinking-age adult declined even more, by 3.2%. The overall decline is almost entirely because of downturns in three of the five biggest markets. China, Brazil and Russia accounted for 99.6% of the global decrease in the volume of beer drunk in 2016.
    Both economics and changing tastes play a part. China overtook America to become the world’s biggest market for beer by volume in 2001. It now quaffs a quarter of all beer. But consumption per person peaked in 2013 and dropped further last year. One reason is that Chinese drinkers are turning away from cheap local brews towards premium products and imported beers. Beer’s appeal is also waning among older drinkers. Over-30s are moving to wine and over-40s favour baiju, the national spirit. Elsewhere, recessions have hit beer-drinkers’ pockets. In both Brazil and Russia, consumption by the average adult fell by 7%.
    Beer-drinking patterns also change as countries grow richer. In a study in 2016, Liesbeth Colen and Johan Swinnen of the University of Leuven examined the effects of income growth and globalisation on beer consumption in 80 countries between 1961 and 2009. They found that as GDP per person increased in poorer countries, beer became more popular. But when it reached around $27,000 per person, consumption began to fall again.
    For decades, consumers in emerging markets have driven beer sales ever upwards. The latest figures suggest that the froth is coming off.

    This post was published at The Economist


  • White House: “Trump Has No Intention” To Fire Mueller

    Hopefully putting to rest another narrative in which the press went off on a wild goose chase, after the CEO of Newsmax Chris Ruddy first said in an interview on Monday that he thought Trump was considering firing the special prosecutor on the Russia investigation, Robert Mueller, and then the NYT boldly followed, the White House said late on Tuesday that President Trump has ‘no intention’ to fire Mueller.
    On AF-1, @SHSanders45 told reporters Pres Trump has "no intention" to fire Robert Mueller as special counsel, though he has the right to.
    — Mark Knoller (@markknoller) June 14, 2017

    This post was published at Zero Hedge on Jun 13, 2017.


  • Deputy AG Rosenstein: Trump Can’t Fire Special Counsel Mueller

    As noted earlier, on Monday evening Christopher Ruddy, chief executive of the conservative news site and TV network Newsmax, caused a media uproar when he said during an interview on “PBS NewsHour” that Trump is thinking about firing special counsel Robert Mueller, the special counsel investigating Russian election interference.
    As NBC noted last night, it is open to question how reliable Ruddy’s comments are. “He is often described as a close friend of Trump’s, and reporters spotted him leaving the White House on Monday. But a source familiar with the visit told NBC News that any meeting Ruddy was to have had with the president was postponed. Still, his remarks prompted this reply on Twitter from Rep. Adam Schiff of California, the top Democrat on the Intelligence Committee, who said the committee would simply reappoint Mueller and then advised the president: “Don’t waste our time.”

    This post was published at Zero Hedge on Jun 13, 2017.


  • Sergey Aleynikov, Jailed by Goldman Sachs, May Be Just the Man to Stop Russian Hacking of U.S. Voting Systems

    If Goldman Sachs thinks this Russian computer genius is worthy of endless prosecution for the past eight years, despite two courts overturning their efforts, perhaps he’s just the man the Department of Homeland Security and FBI need to stop the Russian assault on the U. S. election system.
    This morning Bloomberg News is reporting that in the leadup to the Presidential election of 2016, Russian hackers hit voting systems in a total of 39 states, confirming other reports that the U. S. public has not previously been made of the extent of Russian hacking into state voting systems.
    In testimony before the Senate Intelligence Committee on June 8, former FBI Director James Comey stated in regard to Russian interference in our elections that ‘They’re coming after America,’ adding that ‘They will be back.’
    This is where computer experts on Wall Street could help the FBI and the Department of Homeland Security. Wall Street technology experts know something that, apparently, our government doesn’t: Many of the smartest programmers and hackers in the world are from Russia. If you want to catch one, you’d better hire one.

    This post was published at Wall Street On Parade on June 13, 2017.


  • “Nobody In Power Is Paying Attention To How Close We Are To The Edge”

    As our politicos creep deeper into a legalistic wilderness hunting for phantoms of Russian collusion, nobody pays attention to the most dangerous force in American life: the unraveling financialization of the economy.
    ***
    Financialization is what happens when the people-in-charge ‘create’ colossal sums of ‘money’ out of nothing – by issuing loans, a.k.a. debt – and then cream off stupendous profits from the asset bubbles, interest rate arbitrages, and other opportunities for swindling that the artificial wealth presents. It was a kind of magic trick that produced monuments of concentrated personal wealth for a few and left the rest of the population drowning in obligations from a stolen future. The future is now upon us.
    Financialization expressed itself in other interesting ways, for instance the amazing renovation of New York City (Brooklyn especially). It didn’t happen just because Generation X was repulsed by the boring suburbs it grew up in and longed for a life of artisanal cocktails. It happened because financialization concentrated immense wealth geographically in the very few places where its activities took place – not just New York but San Francisco, Washington, and Boston – and could support luxuries like craft food and brews.

    This post was published at Zero Hedge on Jun 12, 2017.


  • US Oil Production Makes Waves

    There’s no end in sight to slumping oil prices – good news for consumers but a dire development for major oil producers like Saudi Arabia and Russia. And now, rising US oil production and exports are contributing to the slump.
    Last week, oil prices reached new lows for 2017, with Brent crude dipping below $48 per barrel and West Texas Intermediate dipping below $46. The drop has been attributed to an unexpected increase in US crude inventories, which rose by 3.3 million barrels last week (according to the US Energy Information Administration), despite expectations that it would drop by 3.5 million barrels.
    The rise in production is compounded by rising US oil exports, since the US lifted a 40-year ban on these exports in 2015. This led to modest increases in oil exports in 2016 but substantial increases so far in 2017. This is a key reason prices will remain low in the long term.
    Ebbs and Flows in US Exports
    It is worth remembering why the United States banned oil exports in 1975 (exceptions were allowed at the discretion of the president). 1970 set a record for the highest crude oil production in the US, though this record will likely be broken in the next two years. The US was producing a lot, but it was also consuming a lot, forcing it to import more from OPEC states, which produced about 55% of the world’s oil in 1973.

    This post was published at Mauldin Economics on JUNE 12, 2017.