The BRICS Establish A Gold Trading System To Reduce The Reliance On The Dollar- Episode 1438

The BRICS Establish A Gold Trading System To Reduce The Reliance On The Dollar

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The BRICS push ahead with the gold trading system. They are pushing away from the dollar. This will be the final step, once this is completed gold and other precious metals will be in the beginning stages of being recalculated to a new benchmark. This is the final nail in the coffin for the dollar. The corporate media are being caught in their own lies. The Mueller investigation has failed, the cabal just doesn’t know it yet. The charges against Flynn are meaningless and do not prove collusion with Russia. The cabal is doing everything they can to stop the flow of information, they are afraid of a free press. Mattis confirms that the arming of the YPG is coming to end, the cabal has lost Syria.

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Current News – 12.03.2017


Economy

Russia, China, India Unveil New Gold Trading Network

  • One of the most notable events in Russia’s precious metals market calendar is the annual “Russian Bullion Market” conference. Formerly known as the Russian Bullion Awards, this conference, now in its 10th year, took place this year on Friday 24 November in Moscow. Among the speakers lined up, the most notable inclusion was probably Sergey Shvetsov, First Deputy Chairman of Russia’s central bank, the Bank of Russia.

  

 

 

  • In his speech, Shvetsov provided an update on an important development involving the Russian central bank in the worldwide gold market, and gave further insight into the continued importance of physical gold to the long term economic and strategic interests of the Russian Federation.
  •   the BRICS group of countries are now in discussions to establish their own gold trading system.
  • Four of these nations are among the world’s major gold producers, namely, China, Russia, South Africa and Brazil. Furthermore, two of these nations are the world’s two largest importers and consumers of physical gold, namely, China and Russia. So what these economies have in common is that they all major players in the global physical gold market.
  • The Memorandum of Understanding on gold trading between the Bank of Russia and the People’s Bank of China that Shvetsov referred to was actually signed in September of this year when deputy governors of the two central banks jointly chaired an inter-country meeting on financial cooperation in the Russian city of Sochi,
  •   the Chinese central bank still officially claiming to hold 1842 tonnes of gold in its national gold reserves, its looks like the Bank of Russia, as soon as the first quarter 2018, will have the distinction of holdings more gold than the Chinese. That is of course if the Chinese sit back and don’t announce any additions to their gold reserves themselves.

 

  • The new gold pricing benchmarks that the Bank of Russia’s Shvetsov signalled may evolve as part of a BRICS gold trading system are particularly interesting. G
  • However, ‘gold’ trading in London and on COMEX is really trading of  very large quantities of synthetic derivatives on gold, which are completely detached from the physical gold market.
  • It seems that slowly and surely, the major gold producing nations of Russia, China and other BRICS nations are becoming tired of the dominance of an international gold price which is determined in a synthetic trading environment which has very little to do with the physical gold market.

Source: zerohedge.com

Gibson: BRICS gold trade system is poised to reduce US dollar dominance

  •   this new system may allow BRICS to become more independent of the US trade influence. both Russia and China have been preparing to launch oil futures markets in St. Petersburg and Shanghai, with oil being priced in rubles and yuan,
    First, it’s going to reduce the US Dollar dominance in world trade; second, it will increase the price of gold on the world markets in general; third point, it’ll probably make the BRICS more independent of the US influence in regards of trade.   Such an initiative will signal an important fundamental change and it benefits BRICS in general, for sure, in the long run; and it also puts pressure on the West to follow suit or lose out economically.

Source: sott.net


Political/Rights

ABC News Suspends Brian Ross After On-Air Fake News Report About Michael Flynn That Caused Stock Market Panic

  • In a stunning admission of guilt, ABC news announced Saturday that it was suspending investigative reporter Brian Ross for four weeks after he aired a fake news report about embattled former national security adviser Michael Flynn that caused a sharp sell-off in the stock market and was spread like wildfire by liberal journalists throughout the media who were desperate to believe the disinformation.
  • “As a result of our continued reporting over the next several hours ultimately we determined the information was wrong and we corrected the mistake on air and online.”
  • Ross initially reported at 11:00 a.m. EST that a confidant told him Michael Flynn is “prepared to testify that President Trump, as a candidate, Donald Trump, ordered him — directed him to make contact with the Russians which contradicts all that Donald Trump has said to this point.”
  • Predictably, the entire media establishment went crazy, with the original tweet that included the report from Ross being retweeted over 25,000 times, including by many “prominent” journalists. The reaction was so swift that the stock market plunged more than 350 points.
  • The original Ross report claimed that Trump had ordered Michael Flynn to speak to the Russians when he was a candidate for president. If true, this would be contrary to what the president has publicly claimed and would indeed be a bombshell.
  • In reality, Trump had actually asked Flynn to reach out to the Russians after he was elected president, a perfectly normal and logical thing to have you national security adviser do, especially when the topic is literally fighting ISIS terrorists in Syria.

Source: dailysheeple.com

BREAKING: Obama Admin Reportedly Approved General Flynn Calls with Russian Ambassador

  •  In a stunning twist, the Trump White House revealed  that the calls were approved by the Obama administration. 

The White House said on Friday that it was the Obama administration that authorized former national security adviser Michael Flynn’s contacts with Russian Ambassador Sergey Kislyak during President Trump’s transition, according to CNN. 

Source:  thegatewaypundit.com

The Path to Impeachment

  • The case for impeachment now becomes clear: prosecutors will attempt to prove that Trump made contact with the Russians in violation of the Logan Act, which forbids private citizens from dealing in matters of state with foreign governments.
  • According to the Wikipedia entry on The Logan Act, To date, only two people have ever been indicted for violating the Act’s provisions. However, no person has ever been prosecuted for alleged violations of the Act.
  • (There are of course other potential charges, which we will learn more about as legal commentators across the spectrum weigh in.)
  • Question #1: can prosecutors provide evidence that shows beyond reasonable doubt that Trump violated the Logan Act before taking office?
  • Question #2: is this an impeachable offense? That will be decided by the House of Representatives, which can pass a motion of impeachment on a simple majority: Impeachment of the president, explained.
  • Question #3: Can Trump be caught in a lie like Flynn?
  • It’s common knowledge that public figures are often felled not by their initial misdeeds but by the lies and cover-ups issued to cloak the original misdeeds. If prosecutors can pin lies on Trump that are equivalent to what they pinned on Flynn, then we return to Question #2: is this an impeachable offense?

Source: oftwominds.com

Trump: Flynn’s actions lawful, but had to fire because he lied to VP and FBI

  • US President Donald Trump has defended the actions of his former national security adviser Michael Flynn, saying they were “lawful.” He added, however, that he fired Flynn because he lied to the Vice President and the FBI.”I had to fire General Flynn because he lied to the Vice President and the FBI. He has pled guilty to those lies. It is a shame because his actions during the transition were lawful. There was nothing to hide!” Trump said in a tweet.At issue was the phone call between Flynn and then-Russian Ambassador Sergey Kislyak at the end of December 2016, after the outgoing president, Barack Obama, ordered a number of Russian diplomats to leave the US and closed two Russian diplomatic properties. Flynn reportedly asked Moscow to restrain its reaction to anti-Russian sanctions at that time, but later told FBI that he did not do that.Comment: In other words, it sounds like he was attempting to promote diplomatic solutions to the childish and provocative behaviors of the Obama regime as Trump was coming into office and attempting to improve relations with Russia.US intelligence services listened in on the phone call. Information about it was leaked to the media in January, after Trump’s inauguration. Flynn resigned in February, less than a month into Trump’s term of office.a year after the vote, the inquiry still is unable to provide any solid evidence of any interference in the electoral process by Moscow. Instead, the investigators have so far managed to catch two lobbyists with ties to Ukraine.

Source: sott.net

McAdams Warns US Empire Is “Too Fragile” For A Free Press

  • The US Congress yesterday revoked press credentials for the Russia-backed RT America television station, claiming RT’s new “foreign agent” status disqualified it from conducting journalism on Capitol Hill.
  • RPI Director Daniel McAdams appeared on RT’s The Ed Shultz Show to criticize the move on the grounds that the US government should not attempt to prevent Americans from viewing whatever media they choose.
  • The move is really an attempt by Washington’s neoconservatives to prevent any criticism of US interventionist foreign policy,

Source: zerohedge.com


War

Mattis: Syria Focus Moving Away From Arming the Kurds

  • Reporting ISIS to have been effectively defeated in Syria, Defense Secretary James Mattis said he believes the US focus in the nation needs to reflect the changing situation on the ground, and that is going to include the focus of arming and training programs.
  • While he offered no specific details on timing, Mattis did confirm this change would include halting US arms shipments for the Kurdish YPG, saying the US “obviously don’t need that” if they aren’t launching offensives.

Source: news.antiwar.com

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