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17 сентября, 19:13

How The Wall Street Journal Turns the Truth On its Head

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Via The Daily Bell And the award for most misleading headline goes to the Wall Street Journal. What do you think an article entitled, Unlike Most Industries, Drone Makers and Operators Clamor for Federal Regulation, is all about? If you guessed it is about drone makers and operators clamoring for more regulations, you are wrong. Exactly the opposite is true. The drone industry is being stifled by overbearing regulation. Because of one size fits all federal regulations, all across America, it is almost impossible to use drones for commercial purposes. That is why drone makers, operators and many of their would-be customers are bucking the governmentwide trend toward looser oversight. Additional regulations are their sole means of getting a green light for a much broader array of promising uses. …these contrarian voices argue that swift federal action is essential for the technology to flourish. They want a green light. Who put up the red light? …the Federal Aviation Administration has given limited approvals for small, remotely piloted aircraft weighing up to 55 pounds. With some exceptions, the initial package of rules permits operations only during daylight hours, up to an altitude of 400 feet and within sight of operators on the ground. Clearly trying to get rid of those regulations is still trending towards looser oversight. The swift federal action they are clamoring for is to undo previous federal action! The Wall Street Journal says drone operators see more federal regulations as the only way to get rid of tough federal regulations. That’s like reporting that the marijuana industry needs federal regulations in order to grow. Marijuana growers see federal regulation as the only way to move their industry forward! Yes, because the government made their industry illegal! A more honest assessment would say that drone operators would prefer a higher number of less stringent regulations, to a handful of all-encompassing terrible regulations. While the FAA, the Federal Bureau of Investigation and other agencies struggle with legal, technical and public safety challenges unlike any in the past, industry officials increasingly are frustrated. They worry that a prolonged regulatory stalemate threatens to stifle innovation, sacrifice potential American jobs and hand other countries the lead in evolving market segments. The real story: federal regulations are so draconian that they are destroying an entire sector of business. People in the industry would likely prefer no regulations. That is clearly not a very likely reality, so instead, they prefer less strict regulations. The government is dragging its feet on repealing their old regulations and replacing them. Annoyed, people in the industry are putting pressure on the government to stop ruining their business. The Wall Street Journal casts this as an industry excited to work with the government! They are just tickled pink to get more regulations, and that is why they are lobbying so hard! It is absurd. Why are they framing this in a way that casts federal regulations as a solution when they are so clearly the problem? It almost seems like the WSJ are trying to trick people into thinking more regulations mean more freedom. What will people assume from this reputable news source if they only read the headline? It took some great journalist-gymnastics to frame an entire article about how regulations are stifling the drone industry as the drone industry being pro-regulation. But this is the classic way that government operates. They ban something, and then as they slowly loosen their restrictions, it seems like the government is handing out freedoms left and right. A couple years ago gays across the country celebrated the Supreme Court decision which struck down gay marriage bans. The government was the only entity restricting them! And marriage wouldn’t even matter if the government didn’t give special privileges and tax incentives to married couples. The whole thing was a non-issue until the government made laws about marriage, and laws banning marriage, regulations about hospital visits, and regulations about financial partnerships. It was the same thing with black slaves being freed. Then it was repeated with Jim Crow Laws. Is the government the great freer of slaves? No! The government simply reversed their own policy of giving legal protection to people to enslaved certain other people. Did the government give blacks more rights by repealing Jim Crow Laws? Nope! They simply undid the harm that was previously legally enforced. Basically, all the “progress” society makes is simply undoing stupid things the government has implemented in the past. And they say we need government in order to move society forward. The only good thing government does is undo previous bad things the government has done! Don’t get me wrong, it is great when the government reverses their terrible policies. But why are they given credit for moving society forward? All they do is reverse their own terrible policies! Instead, the fact that governments so often have to undo their terrible laws and regulations should make us clamor for them to stop making them in the first place! We should be taking power away from the government to make sure they can never again legally protect slaveholders. We should be making sure the government cannot outlaw or incentivize certain types of consensual adult relationships. Comparably, drones are a small issue. But the way the Wall Street Journal words the headline and makes their arguments is ridiculous. Regulations are the problem, not the solution. In a world where people can’t do their own thinking, the WSJ is handing them a thought pattern. Did you hear that more regulations are required in order to make drones more popular? Oh yes, if we want widespread drone usage, we need the government to regulate the hell out of the industry. Yay government! They are so progressive. Don’t trust the media to give it to you straight. Even The Daily Bell should not be considered the final word on anything. We certainly hope to present a worthwhile perspective and useful information. But if an individual is not adding their own analysis they are better off not reading the news at all. News can help you get information about the world outside your immediate knowledge. News can help give you another perspective to consider. It can provide intellectual exercise. But it seems like too many people these days are simply taking in the unfiltered news–or headlines–as truth. The Wall Street Journal is a big respected name in news. But all they are doing with articles like this is serving up propaganda for the government.

17 сентября, 18:02

2 GOP heavyweights brawl over Obamacare bill

Turf battle could make it much harder to pass bill to stabilize ACA markets.

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16 сентября, 07:46

Trainer Kayla Itsines Swears by These Exercises for a Better Body

Kayla Itsines has taken the fitness world by storm with her Bikini Body Guide. These are the exercises she performs every time she hits the gym.

16 сентября, 00:18

Should Catalonia be independent from Spain? - The Stream

In the latest twist in a high stakes confrontation between Spain's central government and its prosperous Catalonia region, the government has summoned more than 700 Catalan mayors it says are supporting an attempt to hold an independence referendum. Authorities are seizing ballot boxes and searching print shops accused of producing political material. Catalonia’s regional government passed a law on September 6th paving the way for an independence vote on October 1st. Spain’s constitutional court, though, swiftly struck it down and called it illegal. Catalan leaders say they will go ahead anyway. Spain has been here before. In 2014, another planned referendum was scuttled by Madrid, although a symbolic vote went ahead. Though more than 80 percent voted for secession, turnout was low, and opinion polls show Catalans almost equally divided on the question. Afterwards, politicians involved in planning that poll were charged, fined and barred from holding public office. For more: http://stream.aljazeera.com/story/201709140123-0025508 Join the conversation: TWITTER: https://twitter.com/AJStream FACEBOOK: http://www.facebook.com/AJStream GOOGLE+: http://google.com/+TheStream

15 сентября, 19:35

Venezuela Begins Publishing Oil Basket Price In Yuan

Two days after the WSJ confirmed Maduro's earlier threat that he would stop accepting US Dollars as payment for crude oil imports, Venezuela has done just that. As a reminder, and as we reported previously, in an effort to circumvent U.S. sanctions, Venezuela told oil traders that it will no longer receive or send payments in dollars. As a result, oil traders who export Venezuelan crude or import oil products into the country have begun converting their invoices to euros. Furthermore, Venezuela's state oil company Petróleos de Venezuela SA, or PdVSA (whose bankruptcy is fast approaching), told its private joint venture partners to open accounts in euros and to convert existing cash holdings into Europe’s main currency, said one project partner. The new payment policy hasn’t been publicly announced, but Vice President Tareck El Aissami, who has been blacklisted by the U.S., said Friday, "To fight against the economic blockade there will be a basket of currencies to liberate us from the dollar." Fast forward to today, when according to a statement on the Venezuela oil ministry, the country's weekly crude oil and petroleum basket "will be published in Chinese Yuan" - oddly, not in Euros as the WSJ hinted - going forward. We can only assume that Venezuela avoided the European currency on concerns that Brussels may follow in D.C.'s footsteps and impose financial sanctions on the Maduro regime next. Which meant that the only "safe" currency to transact in, was that of the country's two big sources of vendor (and commodity) financing: China and Russia. For now Venezuela has picked the former. The ministry also unveiled a price of 306.26 Yuan per barrel for the week of Sept. 11-15, up 1.8% from the 300.91 in the previous week, saying "the more favorable outlook on world oil demand and reports of lower global production contributed to the strengthening of crude oil prices this week." As for the more relevant topic, Venezuela's abdication of the US dollar, whether permanent or temporary - until the US finds a way to intervene and restore normalcy - Nomura debt analyst Siobhan Morden warned that "you can say whatever you want for your domestic propaganda and make it look like you’re retaliating against the U.S.... this political posturing will only be to their detriment.” It remains to be seen if president Trump will use today's official switch by Venezuela to a PetroYuan as justification for a more "aggressive" foreign policy posture. * * * Meanwhile, recall that the decision by the nation with the world's largest proven oil reserves to eliminate the dollar, comes just days after China and Russia unveiled the latest Oil/Yuan/Gold triad at the latest BRICS conference. “Russia shares the BRICS countries’ concerns over the unfairness of the global financial and economic architecture, which does not give due regard to the growing weight of the emerging economies. We are ready to work together with our partners to promote international financial regulation reforms and to overcome the excessive domination of the limited number of reserve currencies.” “To overcome the excessive domination of the limited number of reserve currencies” is the politest way of stating what the BRICS have been discussing for years now; how to bypass the US dollar, as well as the petrodollar. Clearly, Beijing is ready to step up the game. Soon China will launch a crude oil futures contract priced in yuan and convertible into gold. This means that Russia – as well as Iran, the other key node of Eurasia integration – may bypass US sanctions by trading energy in their own currencies, or in yuan. Inbuilt in the move is a true Chinese win-win; the yuan will be fully convertible into gold on both the Shanghai and Hong Kong exchanges. The new triad of oil, yuan and gold is actually a win-win-win. No problem at all if energy providers prefer to be paid in physical gold instead of yuan. The key message is the US dollar being bypassed. To promote their strategic partnership, Russia and China  – via the Russian Central Bank and the People’s Bank of China – have been developing ruble-yuan swaps for quite a while now. Once that moves beyond the BRICS to aspiring “BRICS Plus” members and then all across the Global South, Washington’s reaction is bound to be nuclear (hopefully, not literally). Washington’s strategic doctrine rules RC should not be allowed by any means to be preponderant along the Eurasian landmass. Yet what the BRICS have in store geo-economically does not concern only Eurasia – but the whole Global South. Sections of the War Party in Washington bent on instrumentalizing  India against China – or against RC – may be in for a rude awakening. As much as the BRICS may be currently facing varied waves of economic turmoil, the daring long-term road map, way beyond the Xiamen Declaration, is very much in place. *  *  * Finally, having threatened China just this week with exclusion from SWIFT, we suspect Washington is rapidly running out of any great ally to sustain the petrodollar-driven hegemony (and implicitly the US war machine). So will calls for a Venezuelan invasion now commence, if for no other reason than to teach any other nation contemplating a similar move that it will simply not be allowed?

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15 сентября, 14:00

1913: THE TURNING POINT. In 1913, Woodrow Wilson was the newly elected president. Wilson and his fe…

1913: THE TURNING POINT. In 1913, Woodrow Wilson was the newly elected president. Wilson and his fellow progressives scorned the Constitution and the Declaration. They moved swiftly to replace the Founders’ republic with a new regime. There is widespread agreement that Wilson did not always show good judgment – for example, in his blunders in […]

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15 сентября, 12:50

SWIFT поможет НКЦБФР внедрить международные стандарты

Национальная комиссия по ценным бумагам и фондовому рынку (НКЦБФР) и SWIFT договорились о сотрудничестве по внедрению международных стандартов административной отчетности в финансовом секторе.

15 сентября, 12:06

‘Burned’ Trump finds comfort with Democrats

After failing to strike deals with Republicans, it should come as no surprise that the New York businessman is turning to Chuck Schumer and Nancy Pelosi.

15 сентября, 09:30

I voted for Brexit – why do academic colleagues treat me like a pariah?

Universities are supposed to welcome open debate. Yet I worry that admitting I voted for Brexit might harm my prospectsShortly after last year’s referendum on Britain’s EU membership, I attended a conference on global politics at a high-ranking university. In one of the panel discussions, I “outed” myself: I admitted I had voted leave. There was a nervous silence, before the discussion swiftly moved on. Afterwards, a member of the panel who was also a good friend approached me. Her voice was strained. She uttered one simple word: “Why?”In her mind, I had just cast my vote for a third world war and for deporting all EU migrants, including several mutual friends working in British universities. I tried to explain my reasons to her as best I could: that the majority of European wars were not started by populists, but by unresponsive and non-accountable elites. That the EU was a product, not a cause, of peace and prosperity in Europe. That British people, having never lost their democracy in the 20th century, didn’t see the EU’s political project in the same light as other member states. After a deep breath, she was silent. We left things on an awkward note. Continue reading...

15 сентября, 06:05

America's Weapons: "The Dollar And The Drone"

Authored by Brian Maher via DailyReckoning.com, It was said that “the guinea and the gallows” were the true instruments of British imperial power. The guinea represented the coined wealth of Great Britain. The gallows represented its… constabulary zeal in policing restless natives. This is the 21st century of course… a time of enlightenment. Today’s instruments of imperial power are no longer the guinea and the gallows. No. Today’s instruments of imperial power are “the dollar and the drone.” The dollar and the drone are America’s weapons. Like the 19th-century pound (which replaced the guinea), today’s dollar is the world’s reserve currency. Like the 19th-century pound, the dollar finances some two-thirds of global trade. And the gallows? Britain hanged its foreign trouble. America explodes its own in drone attacks. Here is civilization; here is progress. The sun eventually sank on the British Empire… the gallows came down… and the pound lost its global reserve status. The U.S. will have its drones. But is its other weapon, the dollar, close to losing global reserve status? Recent developments may tell… The global oil trade has centered on the dollar since 1974, when Saudi Arabia agreed to enthrone the dollar as currency of the oil market. If it was oil you wanted… it was dollars you needed. But now China — world’s top oil importer — is preparing to create an oil market that bypasses the dollar entirely. The plan would let China buy oil from Russia and Iran with its own currency, the yuan. But the yuan is not a major reserve currency like the dollar. Under this plan, Russia and Iran would be able to swap yuan for an asset far more desirable than Chinese scraps of paper — gold itself. Perhaps that explains why China’s been hoarding so much gold in recent years? Jim Rickards says this system marks the beginning of the end for the petrodollar: China, Russia and Iran are coordinating a new international monetary order that does not involve U.S. dollars. It has several parts, which together spell dollar doom. The first part is that China will buy oil from Russia and Iran in exchange for yuan.   The yuan is not a major reserve currency, so it’s not an especially attractive asset for Russia or Iran to hold. China solves that problem by offering to convert yuan into gold on a spot basis on the Shanghai Gold Exchange…   This marks the beginning of the end of the petrodollar system that Henry Kissinger worked out with Saudi Arabia in 1974, after Nixon abandoned gold. But it’s not only China, Russia and Iran that are out to dethrone King Dollar. They’re joined by the rest of the “BRICS” nations — Brazil, India, South Africa. Together they represent 25% of global economic output. At last week’s annual BRICS summit in China, members announced full-throated support for China’s plan. The message, clear as gin: The dollar’s days of “exorbitant privilege” must end. And yesterday brought news that could further accelerate China’s de-dollarization plans… Treasury Secretary Steve Mnuchin announced the U.S. would consider locking China out of the international dollar system if Beijing doesn’t cooperate with new sanctions against North Korea: If China doesn’t follow these sanctions, we will put additional sanctions on them and prevent them from accessing the U.S. and international dollar system. And that’s quite meaningful. “Meaningful” might be one word for it. “Menacing” would be another. SWIFT (Society for Worldwide Interbank Financial Telecommunication) is a network that facilitates trillions of dollars in international money transfers each year. It is the oil that lubricates the machinery of the international financial system — or as Jim Rickards styles it, “the oxygen supply that keeps the global financial system alive.” And to cut off China’s oxygen? “That is why China buys gold,” Jim Rickards tweeted this morning from London. Our colleague Dave Gonigam of The 5 Min. Forecast half-jestingly wonders, “Is the Trump administration trying to kill off the U.S. dollar’s status as the globe’s reserve currency?” Of course, the dollar will not lose reserve status tomorrow, next week, next year. But the direction of travel seems clear enough. Jim: In 2000, dollar assets were about 70% of global reserves. Today, the comparable figure is about 62%. If this trend continues, one could easily see the dollar fall below 50% in the not-too-distant future. How does one go bankrupt? Slowly at first, said Hemingway — then all at once. That’s how the dollar will likely lose its reserve status… slowly at first… then all at once…

15 сентября, 01:13

North Korea Fires Ballistic Missile Over Japan; US Demands China, Russia "Take Direct Actions"

Update 5: US Secretary of State Tillerson has issued a rather aggressive (towards China and Russia) statement: North Korea's Missile Launch   North Korea's provocative missile launch represents the second time the people of Japan, a treaty ally of the United States, have been directly threatened in recent weeks.   These continued provocations only deepen North Korea's diplomatic and economic isolation.   United Nations Security Council resolutions, including the most recent unanimous sanctions resolution, represent the floor, not the ceiling, of the actions we should take.   We call on all nations to take new measures against the Kim regime.   China supplies North Korea with most of its oil. Russia is the largest employer of North Korean forced labor.   China and Russia must indicate their intolerance for these reckless missile launches by taking direct actions of their own. *  *  * Update 4: The UN Security Council is set to meet at 4am Saturday Seoul time (3pm ET on Friday) *  *  * Update 3: US Pacific Command has confirmed that its commitment to the defense of Japan and South Korea (via NBC News) U.S. Pacific Command detected and tracked what we assess was a single North Korean ballistic missile launch at 11:57 a.m. (Hawaii lime) Sept. 14. Initial assessment indicates the launch of an intermediate range ballistic missile (IRBM). The launch occurred in the vicinity of Sunan, North Korea and flew east.   The ballistic missile overflew the territory of northern Japan before landing in the Pacific Ocean east of Japan. We are working with our interagency partners on a more detailed assessment and we will provide a public update if warranted.   The North American Aerospace Defense Command (NORAD) determined this ballistic missile did not pose a threat to North America, U.S. Pacific Command determined this ballistic missile did not pose a threat to Guam. We continue to monitor North Korea's actions closely.   Our commitment to the defense of our allies, including the Republic of Korea and Japan, in the face of these threats, remains ironclad. We remain prepared to defend ourselves and our allies from any attack or provocation. *  *  * Update 2: Japanese and South Korean officials have started to respond: Japanese officials are very unappy (and are seeing much support from their ally in Washington) *JAPAN PM ABE HAS RETURNED TO JAPAN FROM INDIA: KYODO (that was quick) *ABE: N.KOREA ACT ABSOLUTELY UNACCEPTABLE *ABE: N.KOREA THREATENING WORLD PEACE THROUGH PROVOCATION *ABE: INTL COMMUNITY MUST SEND CLEAR MESSAGE TO N.KOREA (because "firs & fury" was not clear enough) *ABE: IF N.KOREA CONTINUES ON THIS PATH IT HAS NO BRIGHT FUTURE *ABE: JAPAN WAS COMPLETELY AWARE OF MISSILE MOVEMENT   *SUGA: N. KOREA LAUNCH WAS ONE-WAY ACT OF ESCALATION *SUGA: MISSILE FLEW 3,700 KM, ALTITUDE ABOUT 800KM *SUGA: BELIEVE MISSILE WASN'T LAUNCHED VIA LOFTED TRAJECTORY *SUGA: STILL EVALUATING WHAT TYPE OF MISSILE N.KOREA LAUNCHED Then it seems the South Koreans are gravely coincerned about their stock market more than any existential threat to their citizens... *S. KOREA TO STRENGTHEN MONITORING OVER MARKETS ON N. KOREA RISK *S. KOREA SAYS N. KOREA PROVOCATION CAN DESTABILIZE MARKETS *S. KOREA GOVT TO TAKE FIRM AND SWIFT STEPS ON MARKETS IF NEEDED And just as we saw yesterday - after US officials noted that North Korea appeared to be preparing for a launch, we suspect we will see Korea's PPT in action soon... *  *  * Update 1:  According to Fox News, the U.S. has now confirmed the latest North Korean missile launch. U.S. OFFICIAL CONFIRMS #NORTHKOREA FIRED BALLISTIC MISSILE: FOX NEWS WHITE HOUSE SAYS TRUMP BRIEFED ON N.KOREA MISSILE: YONHAP NEWS Gold and Yen are bid for now (after 3 NK headlines during the day)... * * * All the diplomatic posturing, the jawboning, the UN sanctions, and threats over the past three weeks has achieved absolutely nothing because as Yonhap and NHK report, North Korea has just launched an "unidentified" missile eastward from the capital Pyongyang. A live feed from NHK in English is available after clicking on the image below: According to Yonhap, "North Korea fired an unidentified missile eastward from the vicinity of Pyongyang this morning," the Joint Chiefs of Staff (JCS) said. It added that South Korea and the United States are analyzing additional information. On August 29, the North lobbed a Hwasong-12 intermediate-range ballistic missile over the island nation in a similar provocation . Following the launch Japan has issued a missile alert to mobile phones and on national television, with the government advising people outside to take shelter immediately.  Worse, it appears that the missile has once again flown over Japan: NORTH KOREA MISSILE PASSES OVER JAPAN, GOVT SAYS N.KOREA MISSILE PASSES OVER JAPAN'S HOKKAIDO, GOVT SAYS As NHK further adds, the missile which was launched at 6:57am local time, passed over Hokkaido at 7:06am local time, and came down in the Pacific Ocean, some 2,000 KM east of Japan's Erimo Misaki. The launch marks the North's first provocation following the UNSC sanctions for which the communist country has warned of retaliation. The missile flew a total of 3,700 kilometers and reached an altitude of 770km, according to Yonhap, before splashing down in the Pacific Ocean. NKOREA MISSILE MAY BE HWASONG 12, JP DEF OFFICIAL SAYS:TV ASAHI Japan's cabinet minister Suga said that the missile situation is similar to that on August 29, NHK adds, and that Japan will take appropriate response in contact with the US and South Korea. NHK adds that Japan did not attempt to shoot down the missile though the South Korean military has confirmed it fired a test missile into the sea as part of training drill. The South's presidential office Cheong Wa Dae immediately convened a National Security Council meeting, as the country's troops conducted a ballistic missile training in the East Sea in response to the North's latest provocation. And now we await whether the US will finally escalate militarily, as Trump has threatened on countless occasions, or once again use even harsher, and more powerless, language hoping for a different outcome.

15 сентября, 00:05

Trump Trade Official Proposes Nafta 'Sunset Clause'

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A top Trump trade official said he wants to inject a “sunset clause” into Nafta, resurfacing one of the administration’s most provocative trade ideas and drawing a swift rebuke from Mexican and Canadian officials.

14 сентября, 18:38

НКЦБФР и S.W.I.F.T. подписали меморандум о сотрудничестве по внедрению международных стандартов админотчетности в финсекторе

Национальная комиссия по ценным бумагам и фондовому рынку (НКЦБФР) и система финансовых телекоммуникаций S.W.I.F.T. 13 сентября 2017 года заключили меморандум о сотрудничестве и совместном внедрении международных стандартов административной отчетности в финансовом секторе Украины, сообщается в пресс-релизе комиссии.

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14 сентября, 11:42

В США 15 морпехов пострадали при возгорании боевой машины-амфибии

Нужно напомнить, что в этом году это уже очередной инцидент с большим количеством пострадавших американских военнослужащих

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14 сентября, 08:29

China – India Business Relations Robust Despite Border Hype

Less than three months after a border standoff began at Doklam, China and India agreed to de-escalate the situation in favor of talks and military disengagement. Here, we examine how economic and commercial interests trumped geopolitical concerns, leading to the relatively swift resolution of border tensions. The post China – India Business Relations Robust Despite Border Hype appeared first on China Briefing News.

14 сентября, 06:19

Trump, Democrats confirm outline of DACA deal, despite denials

Pelosi and Schumer said Trump agreed not to demand wall funding as part of an agreement to shield Dreamers.

14 сентября, 02:21

De-Dollarization Spikes - Venezuela Stops Accepting Dollars For Oil Payments

Did the doomsday clock on the petrodollar (and implicitly US hegemony) just tick one more minute closer to midnight? Source: The Burning Platform Apparently confirming what President Maduro had warned following the recent US sanctions, The Wall Street Journal reports that Venezuela has officially stopped accepting US Dollars as payment for its crude oil exports. As we previously noted, Venezuelan President Nicolas Maduro said last Thursday that Venezuela will be looking to “free” itself from the U.S. dollar next week. According to Reuters, “Venezuela is going to implement a new system of international payments and will create a basket of currencies to free us from the dollar,” Maduro said in a multi-hour address to a new legislative “superbody.” He reportedly did not provide details of this new proposal. Maduro hinted further that the South American country would look to using the yuan instead, among other currencies. “If they pursue us with the dollar, we’ll use the Russian ruble, the yuan, yen, the Indian rupee, the euro,” Maduro also said. *  *  * And today, as The Wall Street Journal reports, in an effort to circumvent U.S. sanctions, Venezuela is telling oil traders that it will no longer receive or send payments in dollars, people familiar with the new policy said. Oil traders who export Venezuelan crude or import oil products into the country have begun converting their invoices to euros.   The state oil company Petróleos de Venezuela SA, known as PdVSA, has told its private joint venture partners to open accounts in euros and to convert existing cash holdings into Europe’s main currency, said one project partner.   The new payment policy hasn’t been publicly announced, but Vice President Tareck El Aissami, who has been blacklisted by the U.S., said Friday, "To fight against the economic blockade there will be a basket of currencies to liberate us from the dollar." There is no major market reaction for now - a modest bid to Bitcoin and some weakness in EUR and Gold (seems someone wants this to look like nothing). However, as Nomura debt analyst Siobhan Morden warns: “You can say whatever you want for your domestic propaganda and make it look like you’re retaliating against the U.S.... This political posturing will only be to their detriment.” So what happens if Europe also sanctions Venezuela? Will Rubles or Yuan... or Gold be the only way to buy Venezuela's oil? *  *  * This decision by the nation with the world's largest proven oil reserves comes just days after China and Russia unveiled the latest Oil/Yuan/Gold triad at the latest BRICS conference. It’s when President Putin starts talking that the BRICS reveal their true bombshell. Geopolitically and geo-economically, Putin’s emphasis is on a “fair multipolar world”, and “against protectionism and new barriers in global trade.” The message is straight to the point. “Russia shares the BRICS countries’ concerns over the unfairness of the global financial and economic architecture, which does not give due regard to the growing weight of the emerging economies. We are ready to work together with our partners to promote international financial regulation reforms and to overcome the excessive domination of the limited number of reserve currencies.” “To overcome the excessive domination of the limited number of reserve currencies” is the politest way of stating what the BRICS have been discussing for years now; how to bypass the US dollar, as well as the petrodollar. Beijing is ready to step up the game. Soon China will launch a crude oil futures contract priced in yuan and convertible into gold. This means that Russia – as well as Iran, the other key node of Eurasia integration – may bypass US sanctions by trading energy in their own currencies, or in yuan. Inbuilt in the move is a true Chinese win-win; the yuan will be fully convertible into gold on both the Shanghai and Hong Kong exchanges. The new triad of oil, yuan and gold is actually a win-win-win. No problem at all if energy providers prefer to be paid in physical gold instead of yuan. The key message is the US dollar being bypassed. RC – via the Russian Central Bank and the People’s Bank of China – have been developing ruble-yuan swaps for quite a while now. Once that moves beyond the BRICS to aspiring “BRICS Plus” members and then all across the Global South, Washington’s reaction is bound to be nuclear (hopefully, not literally). Washington’s strategic doctrine rules RC should not be allowed by any means to be preponderant along the Eurasian landmass. Yet what the BRICS have in store geo-economically does not concern only Eurasia – but the whole Global South. Sections of the War Party in Washington bent on instrumentalizing  India against China – or against RC – may be in for a rude awakening. As much as the BRICS may be currently facing varied waves of economic turmoil, the daring long-term road map, way beyond the Xiamen Declaration, is very much in place. *  *  * Having threatened China today with exclusion from SWIFT, we suspect Washington is rapidly running out of any great ally to sustain the petrodollar-driven hegemony (and implicitly its war machine). Cue the calls for a Venezuelan invasion in 3...2..1...!

Выбор редакции
14 сентября, 01:16

Man City spoils Feyenoord's Champions League return 4-0

Defender John Stones scored twice as Manchester City put on a display of swift-passing, attacking football to thrash Feyenoord 4-0 in the Champions League on Wednesday. City did…

14 сентября, 00:28

A startup wants to replace corner stores. What does your local shop mean to you?

Two ex-Google employees have said they want their new startup, Bodega, to replace corner shops. Share photos and stories of your favorite corner shops and the people who work thereTwo former Google employees have launched a tech startup with the aim of replacing corner shops. No surprise, there’s been swift backlash against the Silicon Valley techies and their company, named Bodega after a commonly used term in New York for local stores typically run by immigrants.The company is marketing essentially glorified vending machines – 5ft-wide pantries that users can unlock with their smartphones to pick up non-perishable items. There are no humans at the “stores”, which are already stationed in spots like apartment buildings, offices and gyms, and a computer program automatically charges customers’ credit cards. Continue reading...

13 сентября, 22:41

Myanmar people express support for military operation against Rohingya

Myanmar’s government and military have been criticised for carrying out an operation to remove Rohingya Muslims, an ethnic minority, from the country. While condemnation from the international community has been swift, many in the country express support for the operation. Al Jazeera's Florence Looi reports from Yangon. Al Jazeera's Andrew Thomas reports from Seoul. - Subscribe to our channel: http://aje.io/AJSubscribe - Follow us on Twitter: https://twitter.com/AJEnglish - Find us on Facebook: https://www.facebook.com/aljazeera - Check our website: http://www.aljazeera.com/

25 августа, 20:56

Пронько.Экономика: Национализация «Открытия» - провал политики ЦБ

1. Национализация «Открытия» - провал политики ЦБ Сегодня в моменте акции «ФК Открытие» рухнули почти на 10%, после, правда, им удалось вернуть потерянные позиции. Высокая волатильность по бумагам одного из системообразующих кредитных учреждений связана с появившейся в прессе информации о возможной национализации банка. Согласно одному из сценариев, банк может перейти под контроль Фонда консолидации банковского сектора, который был создан ЦБ для санации кредитных учреждений. Основной акционер «ФК Открытие» эту информацию опровергает. 2. Митинг вкладчиков банка «Югра»: ограничить полномочия ЦБ Между тем, в центре Тюмени прошёл массовый митинг вкладчиков банка «Югра». Он собрал порядка 300 человек – все эти люди лишились своих денег в результате топорных действий ЦБ. Клиенты «Югры» требовали ограничить полномочия мегарегулятора и вернуть из Монако одного из замов Набиуллиной, который принимал решения по ликвидации «Югры» - Василия Поздышева. 3. Ложь правительства: роста нет, есть обрушение Кроме провалов есть и откровенное вранье, но уже со стороны финансово-экономического блока правительства, которое бравурно рапортует о выходе экономики из кризиса. Аналитики ВЭБа на этой неделе опровергли реляции чиновников. Рывок российской экономики, который официальная статистика фиксировала в первой половине года, захлебнулся: в июне темпы роста замедлились до нуля, а в июле ВВП вновь начал сокращаться, такова оперативная оценка экспертов Внешэкономбанка. За прошедший месяц с учетом календарных факторов экономика сжалась на 0,6%, в месячном выражении спад стал рекордным с марта 2016 года. 4. Финансовая провокация США Пустой треп – это обличительная черта не только «слуг народа», но и тех, кто возглавляет крупнейшие госбанки страны. Речь идет о таких деятелях, как Греф и Костин. До сих пор эти кредитные учреждения, которые «жируют» на бюджетные деньги, не пришли в Крым и Севастополь. Между тем, именно в этом регионе американцы решили нанести по нашей финансовой системе очередной удар. Пока он коснулся только региональных банков региона, но именно на примере Крыма США дают понять, как может в дальнейшем развиваться ситуация. 5. Пугачевой посоветовали стать безработной пенсионеркой В Пенсионном фонде России отреагировали на жалобы Аллы Пугачевой на то, что у нее маленькая пенсия. Как заявила пресс-секретарь ПФР, пенсия народной артистки СССР значительно увеличится, если певица бросит работу. Кроме того, представитель Пенсионного фонда отметила, что Пугачева даже может оформить материнский капитал и направить его на образование детей. Маргарита Нагога, пресс-секретарь ПФР: "Алла Борисовна пока не обращалась к нам за получением материнского капитала. И, соответственно, приглашаем прийти в Пенсионный фонд Российской Федерации оформить заявление на получение сертификата. Если детям есть три года, этими средствами можно уже распорядиться". Напомним, ранее на свадьбе внука Алла Пугачева публично заявила о том, что получает маленькую пенсию в размере 17 тысяч рублей. При этом, по данным Forbes, состояние певицы оценивается в 100 миллионов долларов. Сайт Царьград ТВ: http://tsargrad.tv/ Подписывайтесь: https://www.youtube.com/tsargradtv Facebook — https://www.facebook.com/tsargradtv ВКонтакте — https://vk.com/tsargradtv Twitter — https://twitter.com/tsargradtv Одноклассники — http://www.ok.ru/tsargradtv

16 января 2015, 16:07

Итоги 2014 и прогноз на 2015

Не могла пройти мимо статьи в Ведомостях: На чем заработали и сколько потеряли инвесторы в 2014 году.  Судя по этой статье, самый высокий доход показывает т.н."инвестиции в доллар" или долларовые депозиты или наличные. Это и понятно- за счет резкого обесценения рубля против доллара , как нам говорится в статье," долларовые депозиты оказались самыми доходными (+78,7%)". Иными словами, в статье как бы намекают,что лучше доллара вы ничего не найдете,чтобы сберечь свои накопления. Я уже как-то говорила о том,что доллар - это не деньги, вот сейчас всем нам эту разницу- разницу между деньгами и финансовым иструментом- мы и узнаем. Деньги помимо расчетной функции обладают функцией накопления капитала, финансовый инструмент  обладает "инвестиционной возможностью" , являясь "инвестицией". Инвестиция в финансовый инструмент- это спекуляция, риск неизвестности получения дохода и возможной полной его потери вместе с "инвестицией", который берет на себя обладатель "инвестиции",т.е. это предпринимательский риск, который вы берете на себя, оперируя теми же валютами. Пример такого риска нам показал только что банк Швейцарии и валютные брокеры. Читаем Зерохедж Numerous FX Brokers Shutter After Suffering "Significant Losses" Following SNB Stunnerили на русском это ВестифинансШторм от Банка Швейцарии. Есть пострадавшие "Большое количество клиентов с позициями в швейцарском франке оказались в проигрышной ситуации и понесли потери намного большие, чем объем их депозитов.Брокер также сообщает, что тем клиентам, которые не смогли вовремя закрыть позиции из-за отсутствия ликвидности, он не может компенсировать потери. В Excel Markets обращают внимание на то, что даже на межбанковском рынке франк был неликвидным в течение нескольких часов после решения Банка Швейцарии". Разница валютного депозита с валютной спекуляцией на рынке форексе будет заключатся в том,что вы участвуете в этом ввиду полной интеграции российской банковской системы в валютную расчетную систему SWIFT- Россия на втором месте по интеграции банков в эту систему, поэтому все общания ЦБ РФ в том,что они подготовят альтернативу SWIFT так и останутся обещаниями. Напомню,что глава ЦБ РФ входит в американский долларовый институт Бреттон-Вуда- МВФ, поэтому ничего удивительного нет в том,что ЦБ РФ тупо выполняет все инструкции МВФ- ЦБ РФ- это одна из марионеток американской системы.МОСКВА, 16 января. /ТАСС/. "Период резких изменений курса рубля завершается, правительственные меры по поддержке национальной валюты заработали, сказал ТАСС глава российского представительства Международного валютного фонда Бикас Джоши".  Десятка стран, лидирующих по числу кредитных организаций, подключенных к SWIFT (по данным SWIFT, 2013) по факту Россия слишком глубоко интегрирована в западную систему, зависима от нее. У страны нет возможностей создать собственную альтернативную сеть (разве только на двусторонней основе с Китаем), а разговоры о переходе расчетов на внутреннюю систему, как и в случаях других предложений  власти, останутся разговорами. Вчера было озвучено,что европарламентарии требуют от Совета ЕС распространить уже действующие санкции на предприятия атомной промышленности России, а также ограничить все международные финансовые транзакции РФ. Сегодня продолжили: БРЮССЕЛЬ, 16 января. /Корр. ТАСС Александр Шишло/. Действующие санкции Евросоюза против России могут быть усилены в случае значительного ухудшения ситуации на востоке Украины. Об этом заявил в пятницу высокопоставленный чиновник ЕС, близкий к руководству институтов сообщества. Давление усиливается и разговор идет уже о полной капитуляции России перед США. Как это принято у бандитов, клиента "поставили на счетчик", например, это дело ЮКОСА МОСКВА, 16 января. /ТАСС/. С сегодняшнего дня начинается начисление процентов за несвоевременное исполнение арбитражных решений о выплате РФ $50,1 млрд бывшим акционерам ЮКОСа. Но наездом на государство дело не ограничивается. Уже против Лукойла возбудили дело о "коррупции в рамках финансирования терроризма":КИЕВ, 16 января. /ТАСС/. Служба безопасности Украины (СБУ) возбудила уголовное дело по статье "Финансирование терроризма" против бизнес-структур, входящих в группы компаний ЛУКОЙЛ и ВЕТЭК.   Если внимательно смотреть за происходящим во Франции, то можно увидеть,что Франция на этот раз выполнила роль этакого подопытного кролика, где начинают претворяться идеи будущей Европы- будущего фашизма- зомбированные марионеточные европейские чиновники и послушное население, готовое быть рабом и идти в этом на все. Все,кто мог более-менее осмыслить происходящее, были жестоко не только подавлены, но и наказаны за "инакомыслие", включая несовершенолетних. Или еще можно так сказать,что фашизм начинается с Франции и с Великобритании. В целом,на мой взгляд, глава Raiffeisen прав, говоря, что Америка не пойдет на уступки и «будет сражаться с Путиным до последнего европейца». При этом можно обратить внимание на очень похожие случаи в Армении и в Германии. В Германии, в Дрездене, активно выступала PEDIGA против мусульманской колонизации Европы. Недавно там был зарезан чернокожий юноша на фоне вот этого антиисламского движения,что послужило обвинением антиисламского движения в экстремизме. В Армении произошел очень странный случай в Гюмри, закончившийся беспорядками, при этом мы читаем: ЕРЕВАН, 16 января. /Корр.ТАСС Тигран Лилоян/. Европейский союз предоставил Армении 77,5 млн евро на продолжение реформ, проводимых при его помощи.В правительстве республики состоялась церемония "запуска" восьми соглашений, которые были заключены месяц назад по различным направлениям сотрудничества - от сельского хозяйства до территориального развития. Иными словами, похожие процессы на Украине ,с высокой вероятностью, будут запущены в Армении. Поэтому, никакого разговора не может быть ни о каком ЕВРАЗЭС- это пустышка, если никто всерьез этим не собирался заниматься. Все это фантазии россиянской элиты, которая сама никогда ничего не создавала. Военная обстановка, к которой прибавится Казказ и Азия: Сегодня США оказывают жесткое давление на Россию по трем направлениям: северному – из Прибалтики, центральному – из Польши и южному – через Румынию. То есть мы с вами наблюдаем то,как США защищают собственные интересы- вполне себе бандитскими способами, не чураясь никаких угроз и шантажа, используя в своих приемах гражданское население, убив его , запугав террором, превратив послушных в своих рабов, чтобы получить желаемое. А что Россия? Вопрос уже всем понятный- дни нынешней России уже сочтены, поэтому нам с вами стоит приготовиться к разным вариантам. Например, это отключение банков от SWIFT и попыткой переключения на внутреннюю систему. Я не исключаю невозможности работать банкам в стандартном режиме, поэтому запас  наличности должен быть дома- у каждого по возможностям. Скорее всего, в этом случае вклады получить будет проблематично. Далее. Очень вероятно,что появится натуральный обмен и бартер. Например, вспоминаем, всем известную валюту- водку. Значит, делаем запасы этой натуральной валюты. В общем, вспоминаем советское время и готовимся к сложным временам. 

04 декабря 2013, 01:06

Сенсация! Юань - вторая торгуемая валюта... точно? )))

Китайский юань обошел евро в рейтинге самых торгуемых мировых валют, следует из отчета Международной межбанковской электронной системы платежей (SWIFT). Коэффициент использования юаня поднялся с 1,89% в январе 2012г. до 8,66% в октябре 2013г. Опережает китайскую национальную валюту лишь доллар США, который лидирует с коэффициентом 81,08%. Между тем доля евро упала с 7,87% в январе 2012г. до 6,64% в октябре 2013г.: сейчас единая европейская валюта занимает третье место в рейтинге самых торгуемых. По данным на октябрь 2013г., больше всего в финансовой торговле юанем пользовались Китай, Гонконг, Сингапур, Германия и Австралия. Так, на долю КНР приходится 59% сделок с юанем, на Гонконг - 21%, Сингапур - 12%, Германию и Австралию - по 2%. http://top.rbc.ru/economics/03/12/2013/892600.shtml _______________________________________ РБК, мягко говоря, отжигает .... Если реально SWIFT очень любит юань и публикует ежемесячно отчеты о расчетах в нем (надеясь на активный рост роли юаня). Собственно сам отчет на основе которого и появился материал. Читаем внимательно: RMB now 2nd most used currency in trade finance, overtaking the Euro, with a activity share of 8.66%. Что именно имеет ввиду SWIFT смотрим здесь "traditional trade finance - Letters of Credit and Collections" Торговое финансирование, конкретно инкассо и аккредитивы ...как бы это далеко не "рейтинг самых торгуемых валют". 59% из них - сам Китай, ещё 21% - Гонконг, ещё 12% - Сигнапур и только оставшиеся 8% - остальные страны из которых по 2% Германия и Австралия. Причем бурный рост, скорее всего, обусловлен во многом более корректным учетом операций самого континентального Китая. Доля Китая в международных платежах в отчете на 6-й странице и составляет в октябре0.84%. Она выросла с 0.25% в январе 2012 года, до 0.63% в январе 2013 года (когда юань обогнал рубль), после этого рост несколько затормозился: март - 0.74%, июнь - 0.87%, сентябрь - 0.86%, октябрь - 0.84%. По-хорошему, с лета экспансия юаня в общем объеме платежей прекратилась ... но все ищут сенсации. P.S.: В перспективе доля юаня в платежах, конечно, должна существенно вырасти (при либерализации рынка юаню есть куда расти), но только в перспективе. P.P.S.: Кому интересно: ссылка на раздел с отчетами SWIFT