Quickening towards Reckoning

[Elbie]

Re TTIP agreement

Just before the January elections, he told EurActiv Greece that a Syriza-dominated Greek parliament would never ratify the EU-USA trade deal.

Asked by EurActiv Greece whether the promise still holds now Syriza is in power, Katrougkalos replied:

“I can ensure you that a Parliament where Syriza holds the majority will never ratify the deal. And this will be a big gift not only to the Greek people but to all the European people”.---

carry on reading: http://jandeane81.com/threads/5338-S...#post841899853

[Elbie]

Moscow And Cairo To Drop Dollar, Use National Currencies In Bilateral Trade: Putin

February 9, 2015

http://emergingequity.org/2015/02/09...l-trade-putin/





Russia and Egypt might soon exclude the US dollar and use their national currencies in the settlement of accounts in bilateral trade, Russian President Vladimir Putin said in an interview to Egyptian media ahead of his Monday visit to the country.

The issue of abandoning the dollar in trade is “being actively discussed,” Putin told Al-Ahram daily newspaper ahead of his two-day trip to Egypt. The Russian president was invited for a bilateral meeting by his Egyptian counterpart Abdul Fattah al-Sisi.

“This measure will open up new prospects for trade and investment cooperation between our countries, reduce its dependence on the current trends in the world markets,” Putin said.

“I should note that we already use national currencies for trade with a number of the CIS [Commonwealth of Independent States] states, and China. This practice proves its worth; we are ready to adopt it in our relations with Egypt as well. This issue is being discussed in substance by relevant agencies of both countries.”

[Elbie]

Egypt to join Russia-led Eurasian free trade zone

February 10, 2015


"Egypt has established a free trade zone with the Russian-led Eurasian Economic Union, which includes Russia, Armenia, Belarus, and Kazakhstan, president Sisi of Egypt announced at a joint news conference with Russian President Vladimir Putin.

“We have reached an agreement to establish a free trade zone between Egypt and the Eurasian Economic Union," Egyptian President Abdel al-Sisi said.

There was more than $4.5 billion of trade between Russia and Egypt in 2014, a more than 80 percent increase on the year before, said President Putin.

Now it will be easier for Egyptian products to reach the markets of Russia, Belarus, Kazakhstan, and Armenia, and vice-versa.

[modwiz]

USA and EU doing a helluva job "isolating" Russia.

[norman]

Egypt to join Russia-led Eurasian free trade zone

February 10, 2015


"Egypt has established a free trade zone with the Russian-led Eurasian Economic Union, which includes Russia, Armenia, Belarus, and Kazakhstan, president Sisi of Egypt announced at a joint news conference with Russian President Vladimir Putin.

“We have reached an agreement to establish a free trade zone between Egypt and the Eurasian Economic Union," Egyptian President Abdel al-Sisi said.

There was more than $4.5 billion of trade between Russia and Egypt in 2014, a more than 80 percent increase on the year before, said President Putin.

Now it will be easier for Egyptian products to reach the markets of Russia, Belarus, Kazakhstan, and Armenia, and vice-versa.

USA and EU doing a helluva job "isolating" Russia.

On the BBC today ( radio ) I noticed they've ramped up the ant-Al Asad (Syria ) propaganda.

Must be looking for a gap they can shoot through.



Modwiz, I think it's a historical fact that "isolation" is a self infliction.

Watching the circling of the wagons is an epic. 25 years ago, the circled wagons were the Soviet/Russian wagons. That was self inflicted. After a stunningly intelligent case of pulling the bolt back on the door that was being rammed, the dynamic has completely shifted and the circled wagons ( nearly ) are the Anglo-American wagons with their inflation based economic model of how to get the world to arm you to the teeth and then point the barrel back at them.

It almost worked, but now it's become a circle of wagons, itself. Funny that.

[Elbie]

in light of chinese planned revival of the great 'SILK ROAD' route, which happens to be one of the significant "quickeners", you may find this article (directly preceding maydan square events in ukraine), most enlightening..there certainly is more than meets the eye:




" Ukrainian press is bewildered about the indecisiveness of President Yanukovych in foreign politics. Many months were spent on the preparations for the signing of the Association Agreement with the EU, and suddenly two weeks before he hit the brakes.

Protesters roam the streets looking to provoke clashes with authorities, and Yanukovych left for a visit with China. In Kiev there are clashes with protesters. Yanukovych, on the way back from China, met in Sochi with Russian President, and then flies to Malta... What does it all mean?

It's very simple. It turned out that China can offer Ukraine what Europe can't - investment. And, including in those areas where even Russia would not invest, which is for the most part interested only in the Ukrainian pipeline [not true, actually -tr.].

The fact is that Ukraine unexpectedly found itself a piece of the puzzle of the revived Chinese "Silk Road Belt". For the sake of this project, it will transfer to China a part of the Crimean territory, where an economic development zone will be created, as part of the "Belt". It includes Sevastopol and the area near Evpatoria, where a deep-water port will be built, writes "Nezavisimaya Gazeta". The Chinese also plan to built in Crimea a new airport, shipyards, oil refinery, LNG terminal, education centers, beaches and recreation areas.

But the main flavor of the project is that it does not yet include Russia. Therefore, the Chinese expansion in Ukraine can change the balance of power in the discussion of Russian-Ukrainian economic plans.

Last week, China and Ukraine signed a memorandum on construction in Crimea of a deepwater port (Saksky district), reported "Interfax" with reference to the project developer, the General Director of "Kievgidroinvest" Alexei Mazyuk. The construction of the port will be fully funded by the Chinese side, around it an industrial zone of 300 000 square meters will be established.

And the newspaper "Zhenmin Zhibao" - the official organ of the Communist party of China explained that the construction of a deep-water port in Crimea will allow Beijing to reduce trade route to Europe by as much as 6000 kilometers. Goods from China will go through the Suez canal and the Mediterranean sea, but instead of following through Gibraltar, the ships will turn into the Black sea and will dock for unloading in Crimea. One glance at the map is enough to understand: Yes, it is much closer.

Thus, Crimea discovered new perspectives, which the peninsula did not expect. However, there was talk that China is interested in building wind and solar power plants on the Kerch Peninsula, where previously Scholkinskaya Nuclear Power Plant was almost built (was 90% ready, and closed after Chernobyl accident), but the transit of goods is on a much bigger scale.

But that's not all. Ukraine and China plan to jointly engage in reconstruction and development of the Sevastopol sea fishing port and the creation of a high-tech industry zone around it. The schedule is already determined: construction will start at the end of next year. China's investment in port infrastructure will be about 3 billion dollars just in the first stage. The second stage, writes "Zhenmin Zhibao" of investments will reach $7 billion. Everything will be done quickly: the implementation period will not exceed two years, said the representative of the Chinese side of the project, Wan Jing. And the profit is expected in roughly six years after starting operation of all the facilities.

In China, the President of Ukraine Viktor Yanukovych has confirmed to the Prime Minister of the State Council of China Li Kejing his interest in strengthening strategic ties with China. He hopes that this will be in the aerospace, energy, space industry, infrastructure development and "the creation of the Great Silk Road", the main transport and economic hub of which in Ukraine will be Crimea.

Note that the project started not so long ago. It was announced in September of this year, when Chinese President Xi Jinping, during his visit to the Central Asian countries, spoke about the implementation of a large-scale integration concept of "Economic zone of the Silk Road". The Chinese believe that it would be much more promising and more successful than the Eurasian Union, which is being created by Russia on the initiative of President Putin.

Chinese integration plan will cover not only Central Asia but also South Caucasus: Azerbaijan, Armenia, Georgia, Nagorno-Karabakh, Abkhazia, South Ossetia. Ukraine is a piece of the belt, and the end point of the Road will be Europe.

Russia's participation in the Chinese project remains unclear. Unless she wants to, as proposed by China, to participate in the revival of the transport infrastructure of the Central Asian republics, but it is totally unclear why would she do that. China has a clear goal: after flooding America with consumer goods, it now wants to take them to Europe. For Russia it makes no sense to equip foreign trade routes.

In anticipation of discontent in the US and Europe about its strengthening, China is in a hurry to make all possible moves in advance.

It is possible (and even likely) that it is true, but the thing is that it is rather easy to transform the economic clout into political, if necessary. Now China refrains from this, but it is unknown how it will behave in the future if circumstances change. And for now - yes, China makes investments around the world, for example, in Africa, on the basis only of economic feasibility. But its growing economic power in itself is a strong political factor of deferred action. Stepping to a new level, it will be able to easily change what still seems unreal - for example, to make the yuan the world's reserve currency, with all the ensuing consequences.

The Ukrainian President's visit to China became a turning point in the development of bilateral relations, believes the edition. Viktor Yanukovych and the Chairman of the People's Republic of China XI Jinping signed a joint Declaration on deepening strategic partnership that includes more than two dozen contracts, memorandums in the financial, industrial and energy sectors in excess of $30 billion dollars. Already next year Ukraine will receive $18 billion in loans and investments. How can you compare it with those $600 million, promised by Europe, while twisting Ukraine's hands with her papers about the Association and Free Trade Zone (FTA)?.

There is an agreement between the Ministry of Energy and China national engineering Corporation Wuhuan Engineering Co. Ltd., providing for the construction of a plant for production of synthetic gas. In the end, the project will create 2,000 new jobs at the plant and about 100 000 jobs at domestic coal producers.

Now the annual volume of bilateral trade between Ukraine and China is 10 billion dollars. The volume of trade ranks second among 217 countries with which Ukraine trades, and is 8% of the total trade of the country. Therefore, the signed agreements with China will increase these figures three times.

In an election year, Yanukovych will need to demonstrate to the population the improvement of the economic situation, and he hopes that with China and Russia he will succeed sooner than with stingy Europe, which does not want to guarantee anything."

Translated on February 10, 2015 by Kristina Rus
Originally published December 15, 2013
Newresume.org

[Elbie]

via kwn


Man Who Predicted Collapse Of Euro Against Swiss Franc Warns Current Global Financial System Will Cease To Exist

Today the man who 73 days ago remarkably predicted the collapse of the euro against the Swiss franc stunned King World News when he said that the current global financial system will cease to exist. This interview takes a frightening look what is really happening around the world and the chaos that is still to come.

Egon von Greyerz: “Eric, the Greek situation is key because the consequences of the outcome in Greece will have a major impact on the world. It’s interesting to note that Greece has been in default or rescheduling its debts for 50 out of the last 200 years. The Greek Finance Minister, Varafoukis, is playing a very clever game.

“Varafoukis demands that there will be no austerity and that most of the debt be forgiven. This is unacceptable to the Germans and the Eurocrats".



The Greek Finance Minister, Varafoukis, knows how to play this game because he is an expert at game theory. He has now opened up a dialogue with China and Russia. This is unacceptable to the EU and the United States. Neither the EU nor the U.S. would welcome a Russian naval base in Greece.

Major Repercussions For Europe And The World

Regardless of the outcome in Greece, there will be major repercussions for Europe and the world. The world is already very close to an avalanche of money printing and defaults. Also, other countries in the EU are waiting to follow Greece.

In Spain, an even more radical opposition party than the one in Greece is now well ahead in the opinion polls and is likely to win the November election. There platform is a canceling of debts with the EU, public control over energy and banks and withdrawal from NATO. And in Italy, all three opposition parties are anti-euro. They are calling for a return to the lira. This anti-euro sentiment is already spreading to France.

World Incredibly Fragile And Unstable

Eric, this will not end well because the world is so incredibly fragile and unstable. The truth is that central banks have no idea how to get out of this crisis. The problem is that there is no way out of this without a major implosion of the world economy.
Central bank after central bank is now setting negative interest rates. The latest today is Sweden. This is being done in an attempt to create inflation. Sweden is also starting a QE program and this is with an existing massive property bubble and consumer debt problem.

Another interesting fact has to do with Austria’s 3rd largest bank — their shares are now down 60 percent from 2014. This is because of fears stemming from mortgage loans made in Swiss francs. Well, the Great Depression of the 1930s started with an Austrian bank going under. We now have to ask: Is history repeating once again?

n the meantime, central banks around the world are now monetizing 100 percent of the debt being issued. Eric, the central banks are the only buyers of government debt. Nobody else would be foolish enough to buy government debt that will never be repaid in today’s money.

The Fed Is Already Bankrupt

Coming to the United States, things are not as rosy as the mainstream media would have people believe. There are renewed demands that the Fed should be audited. But I can tell you, Eric, even without an audit, that the Fed is bankrupt. The Fed only has capital of $57 billion and they have assets of $4.4 trillion. That is a massive 77-times leverage. Half of their assets are in government debt that can never be repaid and the rest is in mortgage debt that can never be realized at the current value of $1.7 trillion. But all central banks have insolvent balance sheets across the globe.

Let’s look at the facts about what is really happening in the United States: 2/3 of Americans do not have $500 in savings. So the average American has huge personal dedt and is one paycheck away from bankruptcy. Retail sales were down 0.8 percent in January and 0.9 percent in December. This is the worst decline since 2009. Median income is down 10 percent since 2000.

The Labor Participation Rate continues to fall in the U.S. — all the way down to 62 percent. That figure was 67 percent in 2000. So 93 million people are not in the labor force. In 2000 that figure was 68 million. That’s an additional 25 million who are not in the labor force.

Officially, 8.7 million people in the United States are unemployed. But think about this: There are another 93 million who are not considered to be in the labor force. So the supposed unemployment rate of 5.6 percent is a preposterous fabrication.

To give you an idea of how phony the unemployment figures really are: If you work only 10 hours in the U.S., you are not considered unemployed. But how can the average person survive with only 10 hours of pay each week? So the government statistics are all a lie and John Williams’ 23 percent unemployment number is a much more accurate figure.

[Elbie]

New Exchange Launch & Major News Regarding China - gold and silver market change for ever

feb 27th 2015

via http://kingworldnews.com/andrew-magu...hange-forever/ (to listen to the interview with a mcguire)

Andrew Maguire: “This (new exchange being launched) is something so enormous and pivotal in terms of the way the whole bullion banking system is going to be changing. This is a fantastically exciting development. But first, we got some really good news today confirm the competing Chinese fix that you and I have discussed on many occasions where we said that the Chinese were planning an official Beijing/Shanghai Gold Fix, with silver soon to follow. Today we got confirmation of this.

"The timing of this announcement was surgical. The patient PBOC (People's Bank of China) wanted to establish their presence through the state-controlled banks in the LBMA Gold Fix. And the fact that the LBMA banks allowed the inclusion of the Chinese banks into the LBMA fixing process is 100 percent due to the fact that the LBMA is on its back foot, reacting to the fact that Shanghai is already the established global hub for physical gold.”

New Exchange A Game-Changer

Also, here is a small portion of what Maguire had to say about the launch of the new exchange — where he will have a seat: “Up to now the end-user hasn’t been able to directly access the wholesale market. As institutions, producers, refiners and other end-users all share the same platform and enjoy complete anonymity from the bullion banks, it removes the power from the bullion banks' concentrated hands. This is why it (the new exchange being launched is) a game-changer.

Gold And Silver Price Reset To Occur By Stealth!

The disruptive LBMA closed system will be breached. So even though the regulators have dragged their feet, in other words not acted on the direct evidence provided to them, in the end it’s the physical market that will break these banks and force them to cash-settle unallocated holders in size. As a result, the true price discovery reset will occur by stealth.”

also accoring to http://forexmagnates.com/bullion-cap...l-gold-market/

Fixing the precious metals price fixing

An electronic exchange is the most transparent approach to eradicating the front-running issues which a number of clients have been complaining from in past years. Bullion Capital’s solution has the capacity to take the power out of the hands of the very few precious metals market makers.

The terms of trade of precious metals are largely set by six banks in London, all the other banks in the world have to deal with these same six on order to get their deals done.

According to sources across the industry, there has been substantial frustration especially on the part of Asian banks with their orders being front-run. An anonymous marketplace where the liquidity provider can’t see the liquidity taker eliminates the opportunity for front-running and price manipulation."

------------
bye bye london fix

[modwiz]

Oh yes, the Dragon has awakened and world commerce will have a new, more transparent look to it. Bad news for gangsters/banksters. This will remove some of the "blood" supply to the cancerous tumor that is Western banking. It will wither and blow away in the winds of change.

[Elbie]

Oh yes, the Dragon has awakened and world commerce will have a new, more transparent look to it. Bad news for gangsters/banksters. This will remove some of the "blood" supply to the cancerous tumor that is Western banking. It will whither and blow away in the winds of change.

to account for any noteworthy gold bars, the bank of england would have to raid queen's chambers. yet they were in a position to "price fix"..

but never mind history, spot this (via zerohedge yesterday):



submitted by Simon Black via Sovereign Man blog,

When I arrived to Bangkok the other day, coming down the motorway from the airport I saw a huge billboard - and it floored me.

The billboard was from the Bank of China. It said: “RMB: New Choice; The World Currency”

Given that the Bank of China is more than 70% owned by the government of the People’s Republic of China, I find this very significant.

It means that China is literally advertising its currency overseas, and it’s making sure that everyone landing at one of the world’s busiest airports sees it. They know that the future belongs to them and they’re flaunting it.



continue reading: com/news/2015-03-04/chinese-buy-billboards-announcing-renminbi-new-world-currency

p.s. i don't know why the link won't link up..i tried re-pasting to no avail..sorry.

[Elbie]

new economic silk road shaping up

recently confirmed and actioned on

as of min 8:09 included in farrell's analysis:

Source: https://www.youtube.com/watch?v=3qWuUr07L6A


also: http://jandeane81.com/threads/5515-Q...#post841903679


.

[Elbie]

UK Snubs US to Join China-Led Asian Bank

source http://russia-insider.com/en/2015/03/13/4440

Overlooking US censure, the UK has announced its decision to join China’s Asian Infrastructure Investment Bank, becoming the first “major western country” to apply for membership.

“I am delighted to announce today that the UK will be the first major Western country to become a prospective founder member of the Asian Infrastructure Investment Bank, which has already received significant support in the region,” said UK Finance Minister George Osborne on Thursday.

“Joining the AIIB at the founding stage will create an unrivalled opportunity for the UK and Asia to invest and grow together,” he added.

In a landmark achievement, 21 Asian nations including China and India in October last year signed on the creation of a new infrastructure investment bank which would rival the World Bank. The new Bank has a capital target of more than $100 billion.

“The UK will join discussions later this month with other founding members,” said a UK government statement on Thursday.

Washington reacted to UK’s announcement by saying it is circumspect about whether the AIIB would have sufficiently high standards on governance and environmental and social safeguards.

etc

---

Like Hedley Bull, eminent late Oxford professor, once said, “people have friends but countries have only interests”

[Seikou-Kishi]

Even this fellow is mentioning possible "White Dragon versus Red Dragon" intervention from Asia.......financial reset??

A red dragon and a white dragon? As I recall, in Arthurian legend there was a battle between a red dragon and a white dragon. The white dragion won in the ancient past but the red dragon was destined to win once and for all in the future.

[Elbie]

despite threats from washington, the Society of Worldwide Interbank Financial Telecommunications, SWIFT didn’t kick Russia out but rather offered Russia a seat on the board on march 9th.

"Now this wasn’t because SWIFT was trying to be fair but because the Western controlled entity is now faced with competition from CIPS, the new China International Payment System which Russia plans to join. This will offer a new option allowing global banks to communicate and transfer funds that does not depend on fair treatment or a “hands off” attitude by US politicians."

whatever made this come about.. it does conicide with putin's "disappearance" period..

interesting that.


.

[norman]

despite threats from washington, the Society of Worldwide Interbank Financial Telecommunications, SWIFT didn’t kick Russia out but rather offered Russia a seat on the board on march 9th.

"Now this wasn’t because SWIFT was trying to be fair but because the Western controlled entity is now faced with competition from CIPS, the new China International Payment System which Russia plans to join. This will offer a new option allowing global banks to communicate and transfer funds that does not depend on fair treatment or a “hands off” attitude by US politicians."

whatever made this come about.. it does conicide with putin's "disappearance" period..

interesting that.


.

It 'feels' like there is some very hefty maneuvering happening behind the scenes. I hope all the 'good guys' in this are rock solid and don't cop out at the last minute with a switch to the dark side.

Jeff Rense is quite pessimistic about the lull in activity in Ukraine. He thinks the 'west' is getting it's ducks in a row for an all out war there within the year.