new world order

G20 will ignore G7 demands on currency wars

"The currency market was thrown into turmoil this week after the G7 - the United States, Japan, Germany, Britain, France, Canada and Italy - issued a joint statement stating that domestic economic policies must not be used to target currencies. The G20 draft merely sticks to previous G20 language on the need to avoid excessive foreign exchange volatility, the delegate said. Others have noted that the United States has created new money in a very similar way to the Bank of Japan, although Federal Reserve Chairman Ben Bernanke insisted the U.S. central bank was acting in line with the G7 statement, 'using domestic policy tools to advance domestic objectives'." Continue reading →

Continue ReadingG20 will ignore G7 demands on currency wars

G20 will ignore G7 demands on currency wars

"The currency market was thrown into turmoil this week after the G7 - the United States, Japan, Germany, Britain, France, Canada and Italy - issued a joint statement stating that domestic economic policies must not be used to target currencies. The G20 draft merely sticks to previous G20 language on the need to avoid excessive foreign exchange volatility, the delegate said. Others have noted that the United States has created new money in a very similar way to the Bank of Japan, although Federal Reserve Chairman Ben Bernanke insisted the U.S. central bank was acting in line with the G7 statement, 'using domestic policy tools to advance domestic objectives'." Continue reading →

Continue ReadingG20 will ignore G7 demands on currency wars

US Killed Hundreds of Children in Afghanistan, Says New Report — US Rejects Report

"The UN Committee on the Rights of the Child reported that it was 'alarmed' by reports that hundreds of children died as a result of the U.S.-led war in Afghanistan because of a 'reported lack of precautionary measures and indiscriminate use of force,' the Los Angeles Times reported over the weekend. The UN report also condemned the arrest and detention of children in Afghanistan. But the U.S. military said 'the reports were unsubstantiated and cited figures from the U.N. Assistance Mission in Afghanistan showing that the vast majority of civilian deaths and injuries in Afghanistan over the last several years were caused by insurgents.'" Continue reading →

Continue ReadingUS Killed Hundreds of Children in Afghanistan, Says New Report — US Rejects Report

Chinese Justice – Or Orwell Circa 2013?

"The Ministry of Public Security is working to set up an annual high-level meeting with US judicial officials in a bid to catch and return more Chinese fugitives. 'We're negotiating with the US Department of Homeland Security and will try to arrange the first summit this year,' said Wang Liqiang, a senior official in the ministry's international cooperation bureau. The meeting is expected to bring together the minister of public security and senior officials from the Ministry of Foreign Affairs with their US counterparts to discuss cooperation on intelligence, operations, suspect repatriations and the recovery of stolen assets." Continue reading →

Continue ReadingChinese Justice – Or Orwell Circa 2013?

Chief Greek Statistician Threatened with Jail For Revealing True Size of Deficit

"At a time when the rest of the world was furious that Greece had artificially improved the country's budget statistics, Greek prosecutors are accusing Georgiou of doing the opposite. Prosecutors acted after a 15-month investigation into allegations made by a former ELSTAT board member. If found guilty, Georgiou faces five to 10 years in prison. Some argue that the technocrat Georgiou was serving his former superiors at the IMF and the European statistics agency Eurostat, which is led by a German. This theory holds that Greece was to be brought to its knees by imposing harsh austerity measures based on bloated deficit figures." Continue reading →

Continue ReadingChief Greek Statistician Threatened with Jail For Revealing True Size of Deficit

Obama rebukes North Korea over nuke test and calls for ‘swift’ and ‘credible’ action

"US President Barack Obama said Tuesday that North Korea’s 'provocative' nuclear test did not make it more secure and called for 'swift' and 'credible' international action in response. Obama also vowed in a written statement that Washington would remain vigilant in the face of the underground detonation by the Stalinist state and steadfast in its defense commitments to its allies in Asia. 'The danger posed by North Korea’s threatening activities warrants further swift and credible action by the international community,' Obama said, ahead of an emergency meeting of the UN Security Council called for later on Tuesday." Continue reading →

Continue ReadingObama rebukes North Korea over nuke test and calls for ‘swift’ and ‘credible’ action

The Fed’s Bailout Of Europe Continues With Record $237 Billion Injected Into Foreign Banks In Past Month

"In the past 4 weeks, the Fed has injected a record $237 billion of cash into foreign banks with access to the Fed's excess reserves: a number greater than both the cash influx surge seen after the Lehman collapse, and faster and more acute than the massive build up of cash during the spring and summer of 2011 when all the Fed's brand new QE2 cash was once again, solely used to overfund European bank cash." Continue reading →

Continue ReadingThe Fed’s Bailout Of Europe Continues With Record $237 Billion Injected Into Foreign Banks In Past Month

Argentina Is First Nation Censured by IMF for Economic Data

"Argentina became the first country to be censured by the International Monetary Fund for not providing accurate data on inflation and economic growth under a procedure that can end in expulsion. The declaration of censure was adopted yesterday by the IMF’s 24-member board, the Washington-based fund said in a statement. While it doesn’t have immediate effects, the decision takes the country a step closer to sanctions that include being barred from access to IMF loans." Continue reading →

Continue ReadingArgentina Is First Nation Censured by IMF for Economic Data

Nigel Farage: West Headed Into Orwellian Nightmare & Bankruptcy

"I tell you what, with every day that goes by it begins to look more real. It’s almost as if there is this massive attempt to make us all give up our freedom. To make us all surrender our liberty. To make us all sign up to a system where they (central planners) can monitor our emails. Where they can, effectively, monitor and censor what we say, what we’re allowed to read, and what we’re allowed to hear. They are leading much of the Western world towards bankruptcy. I just think there must be people sitting there in Singapore, India, in China, and they must be laughing their socks off." Continue reading →

Continue ReadingNigel Farage: West Headed Into Orwellian Nightmare & Bankruptcy

Ex-Treasury Secretary Geithner to Join Council on Foreign Relations

"The Council on Foreign Relations has just announced that former Treasury Secretary Timothy Geithner will join the Council on Foreign Relations later this month as a distinguished fellow. 'We are thrilled to welcome Tim back to the Council on Foreign Relations,' said CFR President Richard N. Haass. 'Both at Treasury and at the New York Federal Reserve, Tim was a tireless, creative, and responsible custodian of the public trust. His coming to CFR only strengthens our capacity to produce thoughtful analysis of issues at the intersection of economic, political, and strategic developments.'" Continue reading →

Continue ReadingEx-Treasury Secretary Geithner to Join Council on Foreign Relations