Geopolitics

Putin Turns Black Gold Into Bullion as Russia Out-Buys World

"When Vladimir Putin says the U.S. is endangering the global economy by abusing its dollar monopoly, he’s not just talking. He’s betting on it. Not only has Putin made Russia the world’s largest oil producer, he’s also made it the biggest gold buyer. His central bank has added 570 metric tons of the metal in the past decade, a quarter more than runner-up China, according to IMF data compiled by Bloomberg. The added gold is also almost triple the weight of the Statue of Liberty." Continue reading →

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China tops world in gold producing

"China produced the most gold in the world in 2012, making it the largest producer for the sixth straight year, latest industry association data showed. China's gold output increased 11.66 percent from a year earlier to hit a record high of 403.05 tonnes in 2012, the China Gold Association said Wednesday. The output was almost 100 times that of 1949, when the country produced just 4.07 tonnes, the association said. It attributed the increase to favorable government polices, which have put the industry on a fast track and made it a pillar industry in many of the country's gold producing areas." Continue reading →

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Turkey will not halt Iran gold exports despite sanctions pressure

"U.S. officials are concerned that Turkey’s gold sales, which allow Iran to export natural gas, provides a financial lifeline to Tehran, which is largely frozen out of the global banking system by Western sanctions imposed over its nuclear programme. Turkey, Iran's biggest natural gas customer, has been paying the Islamic Republic for oil and gas imports with Turkish liras, because sanctions prevent it from paying in dollars or euros. Iranians then buy gold in Turkey, and couriers carry bullion worth millions of dollars in hand luggage to Dubai, where it can be sold for foreign currency or shipped to Iran." Continue reading →

Continue ReadingTurkey will not halt Iran gold exports despite sanctions pressure

Pepe Escobar: War on terror forever

"It's now official - coming from the mouth of the lion, Chairman of the Joint Chiefs of Staff General Martin Dempsey, and duly posted at the AFRICOM site, the Pentagon's weaponized African branch. Exit 'historical' al-Qaeda, holed up somewhere in the Waziristans, in the Pakistani tribal areas; enter al-Qaeda in the Islamic Maghreb (AQIM). In Dempsey's words, AQIM 'is a threat not only to the country of Mali, but the region, and if... left unaddressed, could in fact become a global threat.' With Mali now elevated to the status of a 'threat' to the whole world, GWOT is proven to be really open-ended." Continue reading →

Continue ReadingPepe Escobar: War on terror forever

Eric Margolis: Just Back From The Mideast – And I’m Really Worried

"The Mideast is stumbling into one of its most dangerous crisis in decades. This region is always tense, but right now a series of separate conflicts are rapidly beginning to intersect. We see the Mideast, North Africa and the Sahara buffeted by revolutions and counter-revolutions. Old colonial powers France and Britain, and the US, are trying to reassert their domination in the region. The jihadist are back. In a brazen act of war, Israel launched airstrikes on Syria last Wednesday in a clear attempt to worsen the crisis in that war-torn nation and challenge Syria’s ally, Iran." Continue reading →

Continue ReadingEric Margolis: Just Back From The Mideast – And I’m Really Worried

Pepe Escobar: The Real Currency, Gold and Energy War in Mali

"Have you heard lately of the meme of a currency war that’s going on? Well, Pepe Escobar, the 'roving eye' correspondent of Asia Times, tells you about the real currency, gold and energy war that is now raging in Mali, as the overall Global War on Terror needs new battlefields to perpetuate itself as 'The Long War.'" Continue reading →

Continue ReadingPepe Escobar: The Real Currency, Gold and Energy War in Mali

French special forces ‘to protect’ Niger uranium mines

"France is to deploy special forces to protect uranium mines belonging to French nuclear energy giant Areva in Niger, according to a report in a news magazine this week. The move comes amid a heightened security threat following a French-led offensive to drive Islamist separatists out of northern Mali, and the deadly hostage crisis at the In Amenas gas facility in Algeria, which militants said was in revenge for the French military intervention. The decision to deploy troops, however, was taken earlier in January, after a botched operation to rescue a captured French intelligence agent Denis Allex in southern Somalia, according to Le Point." Continue reading →

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Pepe Escobar: Burn, burn – Africa’s Afghanistan

"Business is good; French president Francois Hollande spent this past Tuesday in Abu Dhabi clinching the sale of up to 60 Rafales to that Gulf paragon of democracy, the United Arab Emirates (UAE). The formerly wimpy Hollande - now enjoying his 'resolute', 'determined', tough guy image reconversion - has cleverly sold all this as incinerating Islamists in the savannah before they take a one-way Bamako-Paris flight to bomb the Eiffel Tower. According to the UN Office of Drugs Control, 60% of Europe's cocaine transits Mali." Continue reading →

Continue ReadingPepe Escobar: Burn, burn – Africa’s Afghanistan

On To Timbuktu II

"This bloody action has awoken Algeria’s hitherto quiescent Islamic resistance groups. They waged a ten year war against Algeria’s US and French backed military regime, one of the continent’s most repressive regimes, after Algeria’s armed forces crushed Islamists after they won a fair election in 1991. Over 250,000 Algerians died in a long, bloody civil war. The Algiers government often used gangs of its soldiers disguised as rebel fighters to commit gruesome massacres to blacken the name of the opposition. Algeria may again be headed for a new bloodbath, this time with minority Berber people calling for their independent state." Continue reading →

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Africa’s Resources Beckon

"For the USA, its ambitions have a new locus in Africa. These wars, as in Libya and Mali, have not been joined by this trio of imperialists because of terrorism threatening Europe or the U.S. This is, for one thing, about controlling African governments and enabling the extraction of wealth from resources in this region of Africa. It was Gaddafi's (Libya's) sympathy and outreach toward these regions and peoples that helped bring about his downfall. He stood in the way of western business interests, and his ideas for controlling the resources for Africans could not be abided by the western business interests and their allies in government." Continue reading →

Continue ReadingAfrica’s Resources Beckon