“We’re on the Verge of a Crisis” and Global Currency Wars Are Triggering It

Shtfplan In financial circles, it is widely acknowledged that the Federal Reserve was about to raise interest rates, but has since changed course and decided to hold firm. Why? Because currencies are tanking all across the globe, and a stronger dollar – a double-edged sword – is making export goods…
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INTERNATIONAL

Medvedev Warns Of “Unlimited Reaction” If Russia Cut From SWIFT

Zero Hedge While nations around the world continue to de-dollarize, Russia signed into law its anti-crisis plan today (though details will not be released until tomorrow). Prime Minister Dmitry Medvedev, however, was quite vociferous in some of his threats, warning The West that the "Russian response - economically and otherwise…
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Economic Warfare

Ukraine Default Risk Soars As Reserves Collapse 63% YoY

Zero Hedge Amid contingent offers of more bailout loans from Europe, and a looming $3bn debt repayment to Russia, Ukraine's default risk has surged once again to post-crisis record highs. With missing gold and despite foreigners encouraging investment, Ukraine's reserves are in total freefall as this morning's data shows a…
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INTERNATIONAL

Israel Prepares to Cut Electricity to Palestinians

Antiwar Just days after the Israeli government announced it is seizing some $100 million in tax money from the Palestinian Authority to “punish” them for trying to join the International Criminal Courts (ICC), the Israeli state-run electric company has announced it will cut off electricity supplies to the Palestinians for…
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Focus B

Economic Warfare: Israel freezes Palestine tax funds over International Criminal Court bid

| WTF News | Israel announced it has stopped the transfer of tax revenues to the Palestinian authorities. The Israeli regime has retaliated for last week's move by the Palestinian authorities to continue it's membership bid with the International Criminal Court. The Israeli collects taxes on behalf of Palestine, transferring…
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Currency

Russia Shocks With Emergency Rate Hike, Boosts Interest Rate From 10.5% To 17%

Zero Hedge Following the biggest rout to the Ruble in ages, Russia - unlike Mario Draghi - instead of talking the talk decided to walk the bazooka walk and shocked all those long the USDRUB by unleashing an emergency rate hike (at 1 am in the morning) from the recently…
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Economic Warfare

Ukraine Admits Its Gold Is Gone: “There Is Almost No Gold Left In The Central Bank Vault”

Zero Hedge Back in March, at a time when the IMF reported that Ukraine's official gold holdings as of the end of February, so just as the State Department-facilitated coup against former president Victor Yanukovich was concluding, amounted to tonnes or 8% of ... and notably under the previous "hated"…
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Oil-Producing Countries’ Currencies Are Getting Crushed

Zero Hedge While most people's attention has been focused on the demise of the Russian Ruble this year, since the June highs in Crude Oil, the oil-producing nations of the world have seen their currencies devalue rapidly. From Brazil to Nigeria and Algeria, the impact of lower oil revenues is…
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National Economic Suicide: The U.S. Trade Deficit With China Just Hit A New Record High

The Economic Collapse by Michael Snyder Did you know that we buy nearly five times as much stuff from the Chinese as they buy from us?  According to government numbers that were just released, we imported billion dollars worth of stuff from China in September but we only exported billion…
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Putin’s Energy Embargo Against Europe Will Lead To WW III Before The End Of The Year

The Common Sense Show by Dave Hodges Russian War Games   The following information comes exclusively from my confidential sources as well as European news agencies. Do not expect to be informed, in detail, by the American media, about the unfolding crisis taking place in Europe. The American media is…
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Gold or Gunfire: Hedging Against the Collapse of the Dollar

New Eastern Outlook by Christof Lehmann A global economic collapse has become unavoidable, said former chief economist of the Bank of International Settlements (BIS) William White in response to the BIS’ quarterly report in September 2013. Experts forecast that a global economic collapse may occur, overnight, some time at the…
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Sanctions Against Russia: The View from the Middle East

New Eastern Outlook by Yuriy Zinin Anti-Russian sanctions and the impact they have on the international climate and on relations in the economic, political and other spheres, have not escaped the attention of the Middle East, its politicians and experts on the region. Some fear that the repercussions of tensions…
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US Economy Safety Margin Tested as Oil Prices Go Down

Strategic Culture by Alexander DONETSKY Oil prices fluctuations is a routine matter for world economy. After the abrupt fall in 2009 sparked by global financial crisis, the «black gold» spiked to over 100 dollars a barrel to stay stable in February 2011 to September ; The current 20% price fall…
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Emperor Obama’s Old New Clothes and the US Energy War (II)

Oriental Review by Vera Graziadei Part I There is a difference between a people’s revolution and an orchestrated coup, there is a difference between allowing people to choose their leaders democratically, irrespective of whether they are pro-western or pro-Russian, and actually installing a government, which the US has done in…
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Emperor Obama’s Old New Clothes and the US Energy War (I)

Oriental Review By Vera GRAZIADEI It really is a pity that children are not allowed to meetings, so that during Obama’s address to the General Assembly last week someone could have shouted out: “The King is naked!”.  For even though in its intention his speech was supposed to be a finely-weaved cloth…
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Economic Warfare

Stocks Bounce On Report Ukraine, Rebels Sign “Demarcation Line” Deal

Zero Hedge Two months ago, US and European equity markets exploded higher after RIA tweeted that Russia sought a de-escalation in Ukraine. Today, after an ugly week of higher volatility and even higher anxiety, RIA is at it again, tweeting the following - Kiev agrees to withdraw troops from several…
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INTERNATIONAL

SWIFT: ‘No authority’ to cut Russia, Israel from global payment system over sanctions

RT “As a utility with a systemic global character, it has no authority to make sanctions decisions,” the statement said, stressing that the group is a ‘’neutral global cooperative company” in a statement released on Monday "SWIFT services are designed to facilitate its customers’ compliance with sanctions and other regulations,…
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Currency Wars

Ukraine Currency Crashes To Record Low As IMF Blasts “Gross Abuses”

Zero Hedge Despite celebrations of de-escalations and truce in US equity markets (by asset-gathering commission-takers), the situation continues to go from bad to worse in the nation almost forgotten now that ISIS is stealing American headlines. The Hryvnia plunged this morning - its biggest single-day drop on record - following…
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Petrodollar Panic: EU Officials Admit Buying Oil From ISIS

Zero Hedge We recently explained how ISIS remains so well funded but what was unclear was who exactly what purchasing their 'recently-provisioned' oil reserves? The assumption being some desperate third-world nation or some scheming offshore hedge-fund arbitrageur; however, as reports, a senior European Union official has revealed that some EU…
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INTERNATIONAL

Ukraine President’s Days Numbered After Broad Accusations Of “Betraying National Interests”

Zero Hedge As we summarized late on Friday, while Europe has been banging the populist drums over ever-escalating Russian sanctions, it quietly and without much fanfare folded in the one place where Russia could have been truly hurt, the Free Trade (DFCTA) agreement between Ukraine and the EU. But while…
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INTERNATIONAL

US extends Russia sanctions, targets biggest lender Sberbank & gas giant Gazprom

RT The US has introduced new sanctions against Russia’s biggest lenders – Sberbank, Gazprombank and Rosselkhozbank – and added some of the country’s state-owned technology firms and five energy companies, the Treasury said on Friday. Another Russian lender, Bank of Moscow is also on the blacklist. In the oil sector,…
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Economic Warfare

IMF Approves 1.39 billion Bailout Payment to Ukraine

foxbusiness The International Monetary Fund on Friday approved the latest payment to Ukraine in its $17 billion bailout program, providing a critical boost to Kiev as it faces military, economic and political threats. The IMF said its board approved a $ billion payment, which will bring total disbursements under the…
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INTERNATIONAL

UEFA won’t recognize Crimean clubs playing in Russian league

RT European football’s ruling body UEFA said that the three Crimean Republic clubs that have joined Russian competitions this season will not have their games officially recognized. “In light of the complex and difficult factual and political considerations, and until an agreed solution can be found with regard to the…
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INTERNATIONAL

Ukraine approves law on sanctions against Russia

Reuters The Ukrainian parliament approved a law on Thursday to impose sanctions on Russian companies and individuals supporting and financing separatist rebels in eastern Ukraine. The government has already prepared a list of 172 citizens of Russia and other countries, and of 65 Russian companies, including gas export giant Gazprom…
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Economic Warfare

Israel Let US in on Plans to Destroy Gaza Economy in 2008 – Wikileaks

RIA The US embassy in Tel Aviv had access to reliable information about Israel’s intention to keep Gazaeconomy functioning at the lowest possible level, Wikileaks website said on Monday, citing the US diplomatic document. “Israeli officials have confirmed to Embassy officials on multiple occasions that they intend to keep the Gazan…
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Russia taking McDonald’s to court, threatens countrywide shutdown

(NaturalNews) The scary-looking clown named Ronald McDonald and his minions are going to court. Russia, which has already denounced genetically modified food earlier this year, is now taking McDonald's to court. A Moscow court recently announced that the fast food chain has violated Russia's nutrition and safety codes for many…
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Economic Warfare

Russia to ban all US agricultural products, EU fruit & vegetable imports – watchdog

RT Moscow plans to ban all US agricultural products, including poultry, as well as EU fruit and vegetable imports in response to Western sanctions imposed on Russia over the Ukrainian crisis, according to the country’s agricultural watchdog. READ MORE: Putin bans agricultural imports from sanctioning countries for 1 year All…
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Economic Warfare

Africanistan -The New Scramble for Africa – Video

Al Jazeera Youtube Described by many as the ‘new scramble for Africa’, the US, China and other nations are attempting to consolidate their grip on Africa’s natural resources and its growing consumer class. Empire travels to Kenya, France and the USA to examine who is gaining, who is losing and…
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Currency

The BRICs Are Morphing Into An Anti-Dollar Alliance

Zero Hedge While numerous massively indebted administrations around the world hope to divert the attention of what's left of their struggling middle class away from its daily impoverished existence and distract it with flashing lights and glitzy animations showing another all time market high on a daily basis, a significantly…
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Focus B

Are U.S.–Russia Tensions Heating Up? Reuters Reports Russia May Bar Firms from Using Foreign Banks

Despite the ongoing proxy war between the and Russia in the Ukraine, as well as financial tensions that have been simmering between the two nations for quite some time, I was still surprised to see the following headline from Reuters: Russia Mulls Barring Firms from Using Foreign-owned Banks. If this actually happens,…
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Currency Wars

90% Of Gazprom Clients Have “De-Dollarized”, Will Transact In Euro & Renminbi

Zero Hedge Following Obama and Putin's "caught on tape" meeting Vine'd by the French President, we can't help but wonder if the Russian leaders comments were something akin to "this is not over yet." With "De-Dollarization" efforts already broadly under discussion, ITAR-TASS reports that Gazprom had signed additional agreements for…
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Currency Wars

Psychological War In The Financial Markets And The Sino-Russian Gas Deal

Mint Press One has to look beyond the headlines when considering world events. The ballyhoo that is made of many of these events is either newspeak or grossly disjointed by narrow-sighted interpretations. The announcement of the mega energy deal for just over billion cubic meters ( trillion cubic feet) of…
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Economic Warfare

Ukraine gets €1.6bn in loans from European Commission

RT Business European Commission President Jose Manuel Barroso (R) and interim Ukraine premier Arseniy Yatsenyuk arrive on May 13 2014 at the EU Headquarters in Brussels (AFP Photo / Georges Gobet) Ukrainian government officials signed a memorandum in Brussels today, which will make € billion in macroeconomic loans available in…
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INTERNATIONAL

China Is Quietly Profiting From the Russia-Ukraine Standoff: Here’s How

energychinaforum Much to the chagrin of the United States, China has the innate ability to negotiate major energy deals in the midst of conflict. PetroChina’s  state-run parent company, China National Petroleum, or CNPC, was the first oil company to secure a contract in the Iraqi oil fields following the fall…
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INTERNATIONAL

US financial showdown with Russia is more dangerous than it looks, for both sides

Telegraph The United States has constructed a financial neutron bomb. For the past 12 years an elite cell at the US Treasury has been sharpening the tools of economic warfare, designing ways to bring almost any country to its knees without firing a shot. The strategy relies on hegemonic control…
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Economic Warfare

US ready to target Russian president’s hidden $40 billion stash

Times of London The United States has been preparing to take the lead in enforcing a tougher sanctions regime on the Kremlin, and, according to officials, was ready to target the personal fortune of Vladimir Putin. The US has made plain that it was preparing to raise substantially the costs…
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GMO

Russia will not import GMO products – PM Medvedev

Russia will not import GMO products, the country’s Prime Minister Dmitry Medvedev said, adding that the nation has enough space and resources to produce organic food. Moscow has no reason to encourage the production of genetically modified products or import them into the country, Medvedev told a congress of deputies…
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INTERNATIONAL

JP Morgan to process payment for Russian embassy, easing tension

Reuters By Megan Davies MOSCOW, April 3 (Reuters) - JP Morgan Chase & Co is processing a payment from Russia's embassy in Kazakhstan to insurance agency Sogaz, easing tension after Moscow accused the bank of illegally blocking the transaction under the pretext of sanctions. Russia's Foreign Ministry said on Tuesday…
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Economic Terrorism

Russian Retaliation #1: Russia Largest Bank Halts Foreign Currency Loans

It didn't take long for Russia to launch the first retaliatory salvo against the unexpected JPMorgan "act of aggression." Moments ago Bloomberg just reported that Sberbank,  the largest bank in Russia and all of Eastern Europe, just halted the issuance of consumer loans in foreign currency. Bloomberg adds that "Sberbank,…
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Economic Warfare

What About The Dollar: Russia, Iran Announce $20 Billion Oil-For-Goods Deal

Spot what is missing in the just blasted headline from Bloomberg: IRAN, RUSSIA SAID TO SEAL $20B OIL-FOR-GOODS DEAL: REUTERS If you said the complete absence of US Dollars anywhere in the funds flow you are correct. Which is precisely what we have been warning would happen the more the…
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INTERNATIONAL

Monetary Blockade Of Russia Begins: JPMorgan Blocks Russian Money Transfer “Under Pretext” Of Sanctions

Zero Hedge And yet, while the headline sanctions so far have involved mostly freezing of Russian politician and oligarch assets in jurisdictions in where there were no such assets, it appears that JPM has not only escalated on its own but taken the Russian sanctions to an entirely new level:…
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Cold War

Russia To Create Own National Payment System In “Bid To Reduce Dependence On The West”

The more the West attempts to "isolate" Russia and pushes it away from its "core values" and of course the US Dollar, the more Russia will seek the safety of a non-dollar based system. We have previously described how Putin has been scrambling to enmesh Russia in tight bilateral commodity-based…
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Economic Warfare

Visa, Mastercard block US-sanctioned Russian banks

International payment system Mastercard has stopped serving clients of the Rossiya bank, with Visa halting operations with 3 more lenders. The move comes after the US issued sanctions against it regarding Russia’s position over the Ukrainian turmoil. Russia's Sobinbank, SMP Bank and Investсapitalbank are among other three lenders blocked by…
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Afghanistan

CIA reportedly employed several operatives, warlords and militant leaders deeply involved in Afghan opium trade

Press TV A senior western audit officer has raised fresh concerns that US funds meant to help pay Afghan police salaries may instead be going to "ghost workers". "I am writing to express my concern that the US may be unwittingly helping to pay the salaries of non-existent members of…
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Cold War

US Sanctions 2.0; “Additional Costs” Levied On Russian Banks & Billionaires, Russian Counter Sanctions

Via Zero Hedge After warning of the potential for "dangerous risks of escalation" President Obama, absent his Congress, has signed an Executive Order authorizing further penalties on more Russian individuals and also a bank. "We’re imposing sanctions on more senior officials of the Russian government,” Obama said. “In addition, we…
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