China Takes The Next Step, Talks Underway With IMF To Endorse Yuan As A Reserve Currency – Episode 614

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China And IMF meet to discuss yuan as reserve currency
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Russian FinMin confirms Greece talking to Russia. Greece is now looking to loot the pensions of the people. Retail sales implode. China and the IMF are in talks to endorse yuan as the next global reserve currency. China is looking to back their currency using gold. 47 senators violated the logon act. The Swiss are now spying on their own people. Ukraine has 2 days to abide by the Minsk deal. Kerry and Carter push for war in the middle east. US trying to convince the world that Assad is using barrel bombs on his own people. Another false flag to get into Syria.

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Current News – 03.12.2015


Are Alarm Bells Ringing Over Greece’s Pivot To Russia?

  • Russian FinMin confirmed that Moscow “could consider financial help to Greece.” Greeks positive on Russia (61%) than Europe (23%),
  • Prime Minister Alexis Tsipras will be hosted by Russian President Vladimir Putin in May,
  • Is the timing a coincidence. I don’t think so
  • Greece’s bailout extension expires at the end of June
  •  a loan from Russia, or perhaps China, could seem a more favourable alternative – or at least supplement – to any new eurozone bailout with all its unpopular measures and reforms attached.
  • Greece could look forward to cheaper gas for struggling households, increased Russian investment and tourism to provide a much needed economic boost.
  • Moscow, in return, would be rewarded with a friendly ally with veto power inside the EU at a time of heightened tensions over the Ukraine crisis.
  • Is Greek government is playing the ‘Russian card’ in order to improve its bargaining position


Greece Passes Law To Plunder Pension Funds

  • Greek government finally signed the bill today that enables them to plunder the Greek people’s pension funds (for their own good).The massive irony of this bill is the bill enables greek deposits to be fully invested in Greek sovereign bonds… which Tsipras and Varoufakis both admitted today is “unsustainable” and “will never be repaid.”


Greek jobless rate rose to 26.1% at end of 2014

  • Greece’s jobless rate rose to 26.1 percent in the fourth quarter compared with 25.5 percent
  • The rate was the highest recorded since the second quarter of 2014,
  • About 73 percent of Greece’s 1.24 million jobless are long-term unemployed, meaning they have been out of work for at least 12 months


Initial Jobless Claims Average Holds Above ‘Dreaded’ 300k Level

  •  initial jobless claims remains above 300k for the 2nd week in a row – something we have not seen since in 6 months.The trend remains ‘changed’ from the QE3 regime.


The “Warnings” Begin: Intel Slashes Q1 Revenue Forecast by 7%, Blames “Weak Demand” 

  • Chipmaker Intel just took an ax to its Q1 global revenue expectations:


Business Inventory-To-Sales Ratio Surges To Worst Since Lehman

  • Business Inventories miss (for the 8th of the last 9 months) and show no change MoM – the weakest since May 2013. Building Materials, Furniture, and Autos saw inventories fall as Department Store inventories rose. Coupled with sales weakness (retail sales -0.9%),this is the highest inventory-to-sales ratio since Lehman



Retail Sales Crumble, Suffer Worst Run Since Lehman

  • February, retail sales missed once again and missed big and across the board, the third big miss in a row, with the headline print coming at -0.6%, far below the 0.3% expected, and in line with the -0.8% drop last month. Putting the numbers in context: December -0.9%, January -0.8%, February -0.6%. 


  • The breakdown in sales shows a decline in most major categories, with the drop most acute in autos (-2.5%) and building materials (-2.3%), but declines were also reported in furniture, food and drinking, health and personal and general merchandise sales.


Baltic Dry Index falls to 560, down 5

  • Today, Thursday, March 12 2015,the Baltic Dry Index  decreased by  5  points, reaching  560 points.
Source: Hellenic Shipping News Worldwide

Former SEC Director Warns Against Automated and Secretive Market “Rigged Against Retail Investors”

  • The former director of the SEC, John Ramsay, has stepped out to warn that market is rigged, and that the system is headed for a major correction “one way or another.”
  • Today’s financial ‘ecosystem’ is a set up for unfair advantage to those playing a gamecontrolled by high frequency trading (run by automated computer algorithms) and secret ‘dark pool’ investors

The SEC’s current trading rules, known as Regulation NMS, are partly responsible for the flourishing of high-frequency trading and the dispersion of trading across more than 40 venues, [Ramsay] said. the market is rigged against retail investors, has questioned the tactics involved in using algorithms to buy and sell shares in fractions of a second. 

  • The rise of dark pools have allowed some of biggest players in the game to make huge moves in secret and in a way that hides the impact of huge trading bloc purchases, with the help of technology. Via Wikipedia:

The bulk of dark pool trades represent large trades by financial institutions that are offered away from public exchanges like the New York Stock Exchange and the NASDAQ, so that such trades remain confidential and outside the purview of the general investing public.

One of the main advantages for institutional investors in using dark pools is for buying or selling large blocks of securities without showing their hand to others and thus avoiding market impact as neither the size of the trade nor the identity are revealed until the trade is filled.

  • Ramsay warns the the current system isn’t sustainable and can’t last forever.


China-IMF talks underway to endorse yuan as global reserve currency

  • A senior Chinese central bank official said Thursday that the country is “actively communicating” with the IMF on the possibility of including the yuan, or RMB,as a reserve currency
  • In late 2015, the IMF will conduct its next twice-a-decade review of the basket of currencies its members can count toward their official reserves.
  • China would need to satisfy the Washington-based lender’s economic benchmarks and get the support of most of the other 187 member countries.
  • China said the yuan has also been used as a reserve currency in some countries and regions.


China’s Gold Strategy: Beijing’s 30,000 Tons of Gold Reserves?

  •  well respected analyst and China follower which postulates that China could actually be holding as much as 30,000 tonnes of gold in various government accounts and that within the next three years the nation will link the yuan to gold.  The 30,000 tonne figure has come from Simon Hunt of Simon Hunt Strategic Services
  • China does not trust Washington’s ability to manage the sole reserve currency unit in the interests of the rest of the world, only in its own interests. Historically, America has used the inflation route to reduce its debts to the rest of the world. 
  • Some yuan internationalisation is already in hand with, so far, swap agreements having been set up with around 28 countries and the establishment of a yuan trading centre in Zurich through which yuan payments may be facilitated.


Moscow Exchange to start ruble-yuan futures trading next week

  • Moscow trading in ruble-yuan futures will begin on March 17 with the pair of currencies expected to become the third most popular by volume,
  • The Moscow Exchange hopes the futures will be liquid enough so manufacturers and suppliers could increase the trade turnover between Russia and China.
  • In October 2014, the Moscow Exchange and the Bank of China signed a cooperation agreement to expand mutual settlements in national currencies. The step was made to reduce dependence on the US dollar in bilateral trade and move away from Western financial dominance.



Nearly 200,000 sign petition to charge 47 US senators

  • A petition calling for charges against Republican senators who sent a letter to Iran’s leaders has collected more than 187,000 signatures in two days.
  • While the US is attempting to reach an agreement with Iran government, “47 senators saw fit to instead issue a condescending letter to the Iranian government stating that any agreement brokered by our president would not be upheld once the president leaves office,” according to the petition.
  • It further claims that the senators “committed a treasonous offence when they decided to violate the Logan Act, a 1799 law which forbids unauthorized citizens from negotiating with foreign governments.”
  • Violation of the Logan Act is a felony, and punishable with imprisonment of up to three years, according to federal law.
  • According to the Constitution, the president is responsible for international negotiations and finding agreements with foreign leaders and countries.


What Americans Think Is The #1 US Problem

  • ... it’s government.

    • Gallup adds:


The Real Reason ATF Is Backing down from Green Tip Ammo Ban

  • After the ATF attempted to add the popular M855 green tip ammo to its list of restricted armor piercing munitions, there was widespread backlash against the move by the public. But barely a week after the ban was proposed, the ATF has already pulled back from its controversial decision. They’ve decided to postpone any action against the M855 round, after receiving 80,000 comments from the public, most of which were “critical” of their proposal.


Unconfirmed Russian Internet rumors that Vladimir Putin is dead 

Remember the propaganda that he has asbergers, today they said he had a stroke and then he died.

‘His handshakes break hands’: Press secretary dismisses Putin illness rumors

  • Vladimir Putin’s press secretary has dismissed reports that the Russian president is ill as rumors, adding that the news itself could be a result of “spring madness” among some reporters.
  • News of Putin’s alleged health problems was initially circulated by Reuters in a report about the postponement of the president’s visit to Kazakhstan.


Russian senator suggests testing mental health of candidates in elections

  • An upper house MP has drafted a bill that obliges all candidates in Russian elections to inform voters about their sanity and that they have no addictions.
  •  The senator wants to change three federal laws that regulate basic citizens’ rights, the presidential elections and the elections of the Lower House MPs. If the bill is passed all candidates in this elections would have to produce certificates from psychiatrists and medics specializing in alcoholism and drug addiction. Such tests and certificates are widespread in Russia as they are required from anyone who applies for a driving license or a gun permit.


Police State

Switzerland Joins NSA in Monitoring its Citizens

  • The Swiss have now introduced the Enlightenment Intelligence Agencies Act which expands the powers of government to secretly track citizens, tap phones, and to do so even if the person is not actually charged with or suspected of a crime. One by one, every country seems to be turning to the same type tactics and are obsessed with what are their citizens thinking.There is just no other reason to track the movement of every car and every person storing every phone call, text message, and email. What are they so paranoid about? It is always one thing – losing power.



Ukraine FM pledges peace for Donbas, return of Crimea

  • Ukraine’s government will work to return peace to the war-torn eastern Donbas region and for “restoration of Ukrainian sovereignty over Crimea“,


Ukraine’s Yatsenyuk Up in Arms Over ‘Crimea. Way Back Home’ Documentary

  • Ukrainian Prime Minister Arseniy Yatsenyuk has instructed the Ministry of Justice to send the trailer of Russia’s documentary “Crimea. Way Back Home,” devoted to Crimea’s reunification with the Russian Federation, to the International Court of Justice in The Hague.
  • “The film will give the answer to the question who gave instructions to take over Ukraine’s territory in Crimea, and who was responsible for that,” Yatsenyuk said,


Psaki Sensed ‘Russian Propaganda’ in Film About Crimea Without Watching It

  • Jen Psaki, the spokesperson for the US Department of State, had another cringeworthy moment, stating that the documentary about Crimea was badly made; the peculiar thing is that Psaki did not even see the film, but somehow sensed it was a “deceitful Russian propaganda” right away.


Crimea referendum on joining Russia not challenged by NATO

  • Russia’s envoy to NATO said on Thursday the alliance’s member states and partner nations had not contested Russia’s remarks that Crimea’s referendum on joining Russia a year ago complied with international law.
  • Alexander Grushko, who met ambassadors from the 50-nation Euro-Atlantic Partnership Council (EAPC) on Wednesday, said: “No-one at the meeting challenged our statements that Crimea’s vote was in compliance with international law.”

Self determination

Self-determination denotes the legal right of people to decide their own destiny in the international order.  Self-determination is a core principle of international law, arising from customary international law, but also recognized as a general principle of law, and enshrined in a number of international treaties.  For instance, self-determination is protected in the United Nations Charter and the International Covenant on Civil and Political Rights as a right of “all peoples.” 


Ukraine begins combat training near engagement line — Donetsk republic

  • Significant Ukrainian troops reinforcements have been registered near the key port city of Mariupol and the Peski village near Donetsk
  • The Ukrainian Armed Forces are beginning combat exercises near the line of engagement with the positions of the self-proclaimed Donetsk People’s Republic, the republic’s Defense Ministry said.
  • Motorized infantry units continue being deployed to the contact line from the back areas and convoys with ammunition and building materials for fortifications are heading there
  • New artillery positions for Grad BM-21 multiple rocket launcher system batteries have been set up in the Donetsk direction One more Grad BM-21 MRLS is located some 6 kilometers to the north-east


OSCE Extends Mandate for Observers at Russian-Ukrainian Border Crossings

  • The Permanent Council of the Organization for Security and Co-operation in Europe (OSCE) extended its mandate for observers at crossing points on Russian-Ukrainian border for three months,


Donetsk republic gives Kiev two days to prove its compliance with Minsk agreements

  • “The Kiev authorities have two days left, if my memory does not fail me, to complete the withdrawal of heavy weapons and of all the hardware and begin implementation of a political part of the Minsk agreements,” Zakharchenko said.


Russian lawmaker: sanctions against Moscow violate international law, WTO rules

  • Western sanctions introduced against Russia come in violation of international law and the principles of the World Trade Organization (WTO), the speaker of Russia’s lower house of parliament


Russian Black Sea Fleet Warships in Artillery, Missile Drills

  •  A tactical group of Russian Black Sea warships is holding military exercises targeting decoy “enemy” bombers and ships,
  • A Bora-class air-cushioned ship,have conducted marine battles using rockets and live-fire artillery against target positions imitating marine targets,” Capt. 1st Class Trukhachyov told journalists.
  • The current Russian military drills are taking place concurrently with NATO naval drills in the Black Sea.


US “Urges” Vietnam To Stop Helping Russian Bombers Re-Fuel

  • Vietnam has been allowing Russia to use a former US military base to refuel nuclear-capable bombers  “we have urged Vietnamese officials to ensure that Russia is not able to use its access to Cam Ranh Bay to conduct activities that could raise tensions in the region.” All that was missing was the “or else.”
  •  It is the first time that U.S. officials have confirmed the role of Cam Ranh Bay, a natural deep-water harbor, in Russian bomber plane activity that has increased globally.


    Vietnam’s willingness to allow Russia to use Cam Ranh Bay reflects Hanoi’s complex position in a geopolitical tug-of-war 

    Washington is keen to secure greater access itself to Cam Ranh Bay as part of its strategic “pivot” to Asia


Poland seeks to acquire submarine-based Tomahawk missiles

  • Poland’s minister of defense has announced plans to buy Tomahawk cruise missiles for future submarines.
  • Warsaw is ready to buy SLCM (Submarine-launched cruise missile) version of long-range Tomahawk missiles either directly from the US or from any other country ready to assist,
  • Poland is considering buying three submarines to enter service
  • The US Tomahawk cruise missile has a maximum range of 1,600 kilometers. Its SLCM version Block II TLAM-N could be armed with a W80 nuclear warhead.



  • U.S.-trained and armed Iraqi military units, the key to the American strategy against ISIS, are under investigation for committing some of the same atrocities as the terror group, .


Defense Secretary: ISIS War Authorization ‘Desperately Needed’

  • Top administration officials, including Secretary of Defense Ashton Carter, are pushing hard for Congress to sign off on President Obama’s Authorization for the Use of Military Force (AUMF) against ISIS.
  • Carter claimed ISIS is “metastasizing” outside of Syria and Iraq, and that US military action is “desperately needed” to counter them
  • Secretary of State John Kerry is also pushing. The most recent talk in the Senate is that the bill may never even make it out of committee, with Republicans split on it and not a single Democrat endorsing it.


Cyber Attacks

Kaspersky Lab Uncovers More Evidence Linking NSA to Infamous Hackers

  • The hacking collective, dubbed “Equation Group,” must have been sponsored by a nation-state with vast resources in order to operate, Kaspersky analysts assert.
  • The strongest evidence connecting the NSA to Equation Group is the string “BACKSNARF_AB25,” which was embedded in a sample of the Equation Group cyberespionage platform known as “EquationDrug.”
  • “BACKSNARF,” according to page 19 of an undated NSA presentation that was obtained by Ars Technica, was the name of a project tied to the NSA’s Tailored Access Operations.
  • “While the presence of the ‘BACKSNARF’ artifact isn’t conclusive proof it was part of the NSA project by that name, the chances that there were two unrelated projects with nation-state funding seems infinitesimally small,” Dan Gooding points out.


False Flags

Human Rights Watch FAIL: Uses Photo of American Bombing Destruction To Condemn Assad

  • Putting its hypocritical and biased nature on full display once again, the alleged human rights organization, Human Rights Watch, was recently caught in an attempt to fabricate “evidence” of Assad’s use of barrel bombs in civilian areas for the purposes of further demonizing the secular Syrian government.
  • On February 25, HRW posted a photo of a devastated civilian area in Syria with the tagline “Syria dropped barrel bombs despite ban.”
  • The “ban” HRW is referring to is the ban on bombing civilian areas that applies to both sides in Aleppo after the United Nations stepped in to save the Western-backed terrorists from annihilation. Assad’s forces had surrounded the city and had cut off a major supply route for the death squads from Turkey thus making the ultimate elimination of the jihadist forces a virtual inevitability.
  •  In a report released Tuesday, the group said it relied on satellite images, photos, videos and witness statements to conclude that the Syrian government had bombarded at least 450 sites in and around the southern town of Daraa and at least 1,000 sites in Aleppo in the north.
  • There was only one problem with HRW’s tweet – the photograph the organization provided was not Aleppo. In fact, the damage that had been wrought upon the civilian area in the photograph was not committed by the Syrian military but by the United States.
  • The photo was actually a picture of Kobane (Ayn al-Arab), the city which has been the site of heavy US aerial bombardment over the last several months as the US engages in its program of death squad herding and geographical reformation of sovereign Syrian and Iraqi territory.


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