new world order

Obama to receive Israel’s presidential medal of honor

"Barack Obama will become the first serving US president to receive Israel’s presidential medal, from his Israeli counterpart Shimon Peres on a visit to the Jewish state next month, Peres’s office said on Monday. 'President Obama has made a unique and meaningful contribution to strengthening the state of Israel and the security of its people,' it said in a statement. 'Barack Obama is a true friend of the state of Israel and has been since the beginning of his public life. As president of the United States he has stood beside Israel in times of crisis,' it added." Continue reading →

Continue ReadingObama to receive Israel’s presidential medal of honor

Iraq back at the brink

"It was Britain that triggered Iraq's modern tragedy, starting with its seizure of Baghdad in 1917 and the haphazard reshaping of a country to fit the colonial needs and economic interests of London. One could argue that the early and unequalled mess created by the British invaders continued to wreak havoc, manifesting itself in various ways until this very day. But of course, the US now deserves most of the credit of reversing whatever has been achieved by the Iraqi people. It was US secretary of state James Baker who reportedly threatened Iraqi foreign minister Tariq Aziz in a Geneva meeting in 1991 by saying that the US would destroy Iraq and 'bring it back to the stone age'." Continue reading →

Continue ReadingIraq back at the brink

Britain pushing to provide weapons to Syrian rebels

"Britain, apparently backed by a handful of European Union allies, is fighting to lift an EU arms embargo barring the supply of weapons to the Syrian rebel coalition battling President Bashar al-Assad. Britain and France had seen the March 1 deadline as an opportunity to respond to requests for weaponry by the opposition. But France appears to have cooled, leaving Britain facing opposition from Germany, Sweden and even the EU’s foreign affairs chief Catherine Ashton, a British baroness who represents London on the European Commission." Continue reading →

Continue ReadingBritain pushing to provide weapons to Syrian rebels

Western powers to offer easing gold sanctions at Iran nuclear talks

"Major powers plan to offer to ease sanctions barring trade in gold and other precious metals with Iran in return for Iranian steps to shut down the nation's newly expanded Fordow uranium enrichment plant, Western officials said on Friday." Continue reading →

Continue ReadingWestern powers to offer easing gold sanctions at Iran nuclear talks

Western powers to offer easing gold sanctions at Iran nuclear talks

"Major powers plan to offer to ease sanctions barring trade in gold and other precious metals with Iran in return for Iranian steps to shut down the nation's newly expanded Fordow uranium enrichment plant, Western officials said on Friday." Continue reading →

Continue ReadingWestern powers to offer easing gold sanctions at Iran nuclear talks

Swiss government signs tax compliance deal with US

"Switzerland and the United States have signed a controversial deal aimed at cracking down on wealthy American tax dodgers. The accord further undermines Switzerland’s tradition of banking secrecy. Finance Minister Eveline Widmer-Schlumpf told a news conference that Switzerland had decided to agree to a bilateral deal with the Internal Revenue Service (IRS) which allows for certain exceptions, notably for the Swiss insurance sector, pension funds and the Swiss National Bank. Swiss banks active in international financial markets have no choice but to apply the US rules, according to Widmer-Schlumpf." Continue reading →

Continue ReadingSwiss government signs tax compliance deal with US

Swiss government signs tax compliance deal with US

"Switzerland and the United States have signed a controversial deal aimed at cracking down on wealthy American tax dodgers. The accord further undermines Switzerland’s tradition of banking secrecy. Finance Minister Eveline Widmer-Schlumpf told a news conference that Switzerland had decided to agree to a bilateral deal with the Internal Revenue Service (IRS) which allows for certain exceptions, notably for the Swiss insurance sector, pension funds and the Swiss National Bank. Swiss banks active in international financial markets have no choice but to apply the US rules, according to Widmer-Schlumpf." Continue reading →

Continue ReadingSwiss government signs tax compliance deal with US

World Gold Council to teach central bankers how to trade gold

"Central bankers will be taught how to trade gold at a three-day seminar on 'gold reserves management' to be held in March at the University of California at Berkeley and co-sponsored by the World Gold Council. Apparently modern 'gold reserves management' involves a lot more than making sure that the metal is safe in a vault, even if whether and how a central bank should account to the public for its gold trading do not seem to be subjects for discussion at the seminar." Continue reading →

Continue ReadingWorld Gold Council to teach central bankers how to trade gold

Countries are using devaluation to gain an advantage – and Britain is one of the worst offenders

"At Wednesday’s Inflation Report press conference, Sir Mervyn King, Governor of the Bank of England, aired some apparently shocking numbers. Since the financial crisis began, not only had interest rates been reduced to close to zero, but the Bank of England’s balance sheet had been expanded by a factor of five. Expressed as a share of GDP, the increase has been greater than that of the US, greater than that of the European Central Bank, and greater than that of Japan. This is way beyond being an unprecedented degree of stimulus. These are completely uncharted waters we are in, and even Sir Mervyn seems to be getting worried by them." Continue reading →

Continue ReadingCountries are using devaluation to gain an advantage – and Britain is one of the worst offenders

The Ascent of Whatever-It-Takes Banking Is a Good Thing?

"We didn't realize the reaction to criticism that central bankers were rash and their strategic destabilizing would result in a worldwide movement of even MORE activist bankers. You've read it for yourselves now. A 'new breed' of banker is emerging that will grasp the true power of the printing press and pump harder. Yet it simply must be admitted that central bankers don't ever know how much money is too much. There are no tools that exist that can divine the future. If new and bolder central bankers are going to print even MORE money, the booms and busts shall be correspondingly larger. This would seem to be an illogical solution, but in truth, not so." Continue reading →

Continue ReadingThe Ascent of Whatever-It-Takes Banking Is a Good Thing?