How Zionist Israel is Robbing America Blind! (video)

 

The fact that America is funding Israeli expansionism is not new, however, in this must watch episode Jake Morphonios delves into the scale of that broad daylight plunder of Americans’ taxpayers’ money. I highly advise Americans and everyone else to watch to this superb work of investigative journalism:

Blackstone Intelligence Network writes:

“It doesn’t matter if you are a hard-working American. YOU are not entitled to keep your own income. YOU are a cash cow for the Zionist state of Israel. America’s labor force is Israel’s Golden Goose. And I am going to show you the financial statistics to prove it.”

 

Boris Johnson, Brexit and the Deep State

August 01, 2019

by Nick Griffin for The Saker Blog

Boris Johnson, Brexit and the Deep State

Nick Griffin, a life-long opponent of the European Union and former Member of the European Parliament, explains why – after three years of believing that the rulers of Britain would block Brexit, he now believes it is more likely than not to be delivered.

Are the British people really going to get Brexit? For years, the answer given by well-informed realists has had to be ‘No!’ The UK’s ruling elite was so thoroughly Europhile that they would do whatever it took to block the will of the British people, and Brussels would go along with this deceit, just as they did when the French, the Dutch and the Irish were sold out to the EU by their own masters.

But today I’m going to tell you that it is now more likely than not that Brexit WILL happen. Indeed, assuming the new Boris Johnson regime manages to cling on to power, or is forced into a general election in which Johnson reaches some sort of deal with Nigel Farage, it is now virtually guaranteed.

Of course, there is a faint possibility that the whole Johnson business is a giant game of three-dimensional chess, and that he’s running an elaborate scam with no intention of getting Britain out. But, realistically, if that was the plan, there would be absolutely no purpose in delaying such a betrayal, still less in raising so many expectations.

To encourage and then dash such hopes would be ludicrously self-defeating, so we have to assume that Johnson and Co are serious and that – barring a series of events outside of their control, they WILL deliver Brexit.

So what has changed? Has the Europhile British elite suddenly had a change of heart and decided to do the decent thing by the people who pay their inflated salaries?

Of course not. Leopards don’t change their spots. But, in the case of the UK elite, it was always divided into two leopards, with very different spots. One of them, for years now the stronger animal, was blue with yellow, spots – a thoroughly European beast.

The colours of the, until recently, smaller animal are harder to discern. At first glance, they could be seen to resemble the American flag although, of course, that’s just part of the camouflage. Look closer and the thing’s coat actually looks more like a mass of intertwined dollar signs and Israeli flags!

Even within the USA, opinion has been divided on Britain’s membership of the European Union. Obama, for example, more or less ordered the Brits to vote to Remain – a factor in the decision of quite a few of them to vote to Leave! The neo-cons, by contrast, have become much more hostile to Brussels – particularly since the EU started to display alarming degrees of sympathy for the Palestinians.

It wasn’t always like that. During the Cold War, the US elite was more or less unanimously in favour of British membership of the EU, which right from the start was consistently promoted by the CIA as a block to balance the Soviet Union.

When the Communist regime collapsed in 1989, the US power elite gradually shifted its position on the EU. It moved from fervent support to a sort of agnostic, nothing to do with us boredom. But then it gradually became clear that the European Union was steadily becoming the pawn of the German industrial complex.

Even worse, the Germans were beginning to cosy up to Russia. Within just a few years, the combination of German manufacturing, the European market and Russia’s raw materials were clearly presenting a future threat to the global hegemony of Wall Street, the Federal Reserve and the American military-industrial complex.

On top of this, the in-built liberal-socialist majority within the EU was making it an increasingly large stumbling block to the globalist privatisation free-for-all favoured by the ultra-capitalist ideology promoted by the extremely influential followers of Ayn Rand.

Franco-German moves to create a European Army were seen as a challenge to NATO and to its Stateside leadership, and only served to strengthen the arguments of the anti-EU faction within the US elite.

All this led a significant section of the US Deep state to move towards hostility to the European Union, and to put in place measures to undermine it. From about 2008, this included the relentless media promotion (and, no doubt, funding) of dissident, Euro-sceptic political movements, particularly UKIP in Britain and the Five Star Movement in Italy.

Extremely well-funded globalist and neo-con think tanks, particularly the Henry Jackson Society and the London-based Policy Exchange, began to organise. Their mission – to lay the theoretical groundwork for a globalist, economically liberal, Atlanticist faction within British politics to challenge the pro-EU majority.

To cut a long story short, that faction has just grabbed control of the British ship of state! The Europhile elite have not changed their minds, the highly honed survival instinct of the British Conservative party, which has made it the oldest political party in the world, has simply handed the reins of power to a different bunch of politicians, in hock to a different foreign power. The UK just lurched even further out of the orbit of the Brussels bureaucrats and even closer to the Anglo-Zionist Empire.

Johnson and his gang really do appear committed to delivering Brexit, but before those who voted for it in the first place get too excited, it has to be said that, in delivering the letter of what the people voted for, this bunch will go on to drive a coach and horses through the spirit of that vote.

Because the British people voted Brexit fundamentally in a collective cry of anger and pain over being turned into marginalised outsiders in their own country. Brussels rule was conflated not just with losing our traditional weights and measures, but with the destruction of the old industries – fishing, coal, steel, ship-building – and the devastation of the working class communities that relied on them.

And, of course, with mass immigration, including that from former British colonies in the Third World, an influx which if anything was slowed down by the more recent arrival of generally far more assimilable East Europeans, courtesy of the EU.

On top of that was all the unease of millions of normal people over the political elite’s Gaderene rush to embrace social ultra-liberalism, in particular dripping wet law and order policies and a mania for LGBTQ+ triumphalism. Relentless newspaper headlines about crackpot rulings by the European Court of Justice led to ‘Europe’ getting the blame for a breakdown in law and order and in traditional justice.

Finally, with the majority of the political class urging people to vote to Remain, voting to Leave became a way of punishing the political elite, not just in Brussels, but in Westminster as well.

And yet, looking at the new Boris Johnson cabinet, and listening to his first few speeches as new Prime Minister, it is already all too clear that, while we are going to get Brexit, it certainly will not be the Brexit that the majority of Brits thought they were voting for!

To illustrate this, let’s take a brief, non-exhaustive look at some of the key players in the Johnson regime.

Let’s start with the man himself, noting the speed with which he spoke out about his pride in his partial Turkish Muslim and east European Jewish ancestry and the way in which, if ‘Islamophobia’ or ‘anti-Semitism’ rear their heads, he automatically finds himself thinking in terms of those ancestral loyalties, rather than what is good for Britain – as the British people are surely entitled to insist on in their Prime Minister.

Then, in one of his final campaign speeches, Johnson told the LGBT+ Conservatives (the tautology neatly sums up the state of the party and, more generally, Britain’s ruling political and media classes) that he has their back:

“I will continue to champion LGBT+ equality, get tough on hate crime and ensure that we break down barriers to a fairer society,” Johnson said, according to the group.

“We must do more to ensure that trans rights are protected and those who identify as trans or intersex are able to live their lives with dignity,” he continued, noting that he was one of the first senior party leaders to support same-sex marriage.

Following his meeting with the queen to officially accept the premiership, Johnson specifically mentioned the LGBTQ+ community in his speech outside No. 10 Downing Street.

“[The U.K.’s] brand and political personality is admired and even loved around the world for our inventiveness, for our humour, for our universities, our scientists, our armed forces, our diplomacy for the equalities on which we insist — whether race or gender or LGBT …….. and for the values we stand for around the world,” he said

Once upon a time, British political leaders justified going to war by speaking of making the world safe for democracy. Boris Johnson started his premiership by committing Britain to a global struggle to make the world safe for buggery!

Nor is this fixation with LGBTQ+ new. Although the never-satisfied ‘gay’ lobby is whining about a couple of throwaway ‘homophobic comments’ he made decades ago, Johnson voted in 2003 to repeal Section 28 of the Local Government Act of 1988, by which Margaret Thatcher prohibited local authorities from “promoting homosexuality” or “pretended family relationships.”

This vote opened the door to the indoctrination of school-children with homosexual propaganda. Johnson also voted for civil partnerships for homosexuals and attacked the institution of marriage as ‘bourgeois convention’.

Johnson has also wasted no time reiterating his support for an amnesty for huge numbers of illegal immigrants and boasting of sharing the views of pro-immigration Labour party MPs. Ominously, he has also refused to pledge even to attempt to stick to the upper limits on immigration promised – but of course not delivered – by his predecessor Theresa May.

With Brexit making it harder for Poles and Hungarians to come to Britain, it is already clear from Johnson’s waffle about making the UK ‘open’ and ‘welcoming immigrants’, that, far from stopping immigration as millions of voters expected, Johnson’s Brexit will merely swap Polish immigrants for more Pakistanis, Bulgarians for Botswanans.

Johnson probably will set Britain free from Brussels, but he is also openly committed to speeding up the process by which the duly ‘liberated’ Brits are replaced in their own country by a further flood of immigrants. And the social liberals posing as Johnson’s fake conservatives will urge the stupid Brits to suck it up and celebrate their added diversity.

We’ve already seen the start of this process in Johnson creating what he refers to as a “cabinet for modern Britain” – wording that The Guardian’s Kehinde Andrews rightly described as a “euphemism for non-white”.

Leading Johnson’s Great Replacement charge will be Home Secretary Priti Patel, who has spoken gushingly of how the new government will “ continue to push for a dynamic, global Britain that is outward looking ……Our vision is for a truly global country – one where we welcome the brightest and best, where we are more outward facing, and where we decide who comes here based on what they have to offer.”

The Brits can’t say they weren’t warned. Because capitalism demands not just cheap labour, but also an endless supply of new consumers. Even the worse educated and least assimilable featherless biped on the planet thus has plenty to offer big business. The door is going to open wide to them all.

Patel was forced to resign two years ago after holding secret meetings with Israeli ministers. The meetings included a visit to an Israeli army field hospital in the occupied Golan Heights, where wounded Al Qaeda and ISIS fighters were patched up and sent back to continue fighting against the pro-Christian government in Syria. Patel asked officials within her department to look into whether British aid money could be funneled into this medical centre.

The same dangerous obsequiousness to Israel has also been shown by Johnson’s new Chancellor, Sajid Javid. Two years after becoming MP, Javid told the Conservative Friends of Israel annual lunch that as a British born Muslim if he had to go and live in the Middle East, he would not go to a Muslim majority country: “There is only one place I could possibly go. Israel. The only nation in the Middle East that shares the same democratic values as Britain”.

He is talking, let us remind ourselves, about the last openly racist state on the planet, whose supporters around the world insist on the right of Jews to have their own exclusive homeland, at the very same time as denouncing any attempt by any white nation to restrict immigration or preserve traditional ethnic identities as ‘neo-Nazi’. And the state which has done more than any other –except Saudi Arabia, Turkey and Barak Obama’s White House – to fund, arm and aid the Islamist head-cutters at war in Syria.

In her resignation letter Patel admitted she “fell below the high standards that are expected of a Secretary of State.” Not for the first time! In the past she has been criticised for taking trips to Bahrain funded by that country’s repression Salafist regime, and attending a conference in Washington paid for by the Henry Jackson society.

As already noted, the Henry Jackson operation is one of the best-funded and most dangerous of all the trans-Atlantic neo-con think tanks. It constantly agitates for hostility to Russia, Iraq-war style meddling in the Middle East on behalf of Eretz Israel and Big Oil, and for a poisonous mixture of ultra-right-wing economics and social liberalism – including the privatisation of national assets and the promotion of LGBTQ+ agendas at the expense of traditional values.

The same sort of poison is promoted in Britain by the closely connected Policy Exchange think-tank. This was founded by Michael Gove, who Johnson just appointed as Chancellor of the Duchy of Lancaster, in many ways his political Chief of Staff in parliament.

Gove’s counterpart within the government itself is Munira Mirza, who Johnson just appointed Director of the Number 10 Policy Unit. She was previously Development Director at Policy Exchange and also worked on a range of its publications, including Living Apart Together: British Muslims and the paradox of multiculturalism.

As with all the other material coming out of the Johnson camp about multi-culturalism, this argued that the chief problem with Islam is that it hinders ‘integration’ – i.e. the process by which traditional British cultural and ethnic identity is replaced by the ultimate corporate dream of an atomised mass of rootless, identical consumers. And by which the traditional values once upheld by Christians and now defended mainly by Muslims are to be replaced by the anti-morality of the LGBTQ+ brigade and corporations greedy for pink pounds and rainbow dollars.

As with so many neo-cons on both sides of the Pond, Mirza started off as a Trotskyite. She was a member of the Revolutionary Communist Party. When it was dissolved in 1987 she followed other key comrades into the Living Marxism operation and then Spiked magazine, which has very successfully operated a policy of entryism into what passes for politica thought in Britain. Her Wiki entry quotes an article in the London Review of Books which noted that “Many of Munira’s ex party members have become influential in Conservative or Eurosceptic circles since the dissolution of their party, whilst remaining closely associated with each other’s endeavours.”

This includes the former party leader Frank Furedi, whose wife Ann is one of Britain’s most powerful abortionists. Strange ‘conservatives’ indeed! But, there again, one reading of these ‘ex’-Trotskyites’ new-found fondness for ultra-right-wing economics and privatisation is that the resulting exploitation and public anger will lead to the revolutionary crisis that eluded them when they were all wearing Che T-shirts in the late sixties! Or perhaps, it just pays better!

Coming back closer to Johnson, his campaign chief was Gavin Williamson. When Defence Secretary, Williamson was a notorious hawk against Russia and China, and for greater UK involvement in the Middle East. He also spoke out vigorously against Britain’s continued participation in Galileo, the global navigation satellite system created by the European Union. He is one of those pushing for a new UK system, compatible with the American GPS, and fully integrated with Five Eyes, the intelligence alliance between Australia, Canada, New Zealand, the United States and the UK. As with all such manoeuvres, it is hard to see where money gives way to ideology and power-politics and, of course, they are hopelessly entangled.

It is Williamson who has given one of the clearest glimpses into the Atlanticist obsession of the new regime: “Tthe cornerstone of European security is not the European Union, it is Nato. Let’s be absolutely clear. Our involvement in Nato is going to be there, long, enduring and for many, many defence secretaries after me.”

Another part of the Anglo-American elite can also be seen when you turn over another stone in the Johnson camp.

.Andrew Griffith, the new chief business adviser to Number 10 is a former Rothschild investment banker who joined Rupert Murdoch’s Sky in 1999, and became finance chief for the group in 2008.

Johnson has been spending up to 13 hours a day at Griffith’s lavish £9.5m townhouse,

A Johnson campaign source said Griffith had kindly opened up his home to let members of the transition team meet there. If paying the piper leads to the donor calling the tune, how much more power accrues to the Rothschild/Murdoch man providing the dancers with a 9.5 million pound house?

Finally, we just have time to consider Johnson’s new Chief Whip, Mark Spencer. Taking the new regime’s enthusiasm for LGBTQ+ issues towards its logical liberal intolerant end, he has said that Christian teachers who dare to voice opposition to same-sex marriage should be subject to ‘Extremism Disruption Orders’. In other words, legislation brought in supposedly to stop Islamist hate-preachers recruiting terrorists is to be used against Christians who stand by the teachings of the Bible!

So, yes, we can now expect Brexit from Johnson. But Britain is also going to get more mass immigration. And ruthless demonization of anyone who dares oppose it. More LGBTQ+ propaganda for children – and ruthless repression of anyone who dares oppose it.

More pressure for British participation in neo-con, Zionist and Salafist wars in Syria, Iran and Yemen. More insane and dangerous sabre-rattling against traditionalist and Christian Russia.

And more looting of what remains of Britain’s common wealth by the privatisation vultures. Finishing off the monetisation of the NHS is sure to surface as a great ambition for this corporate puppet regime sooner rather than later. Almost certainly a couple of months before Johnson delivers Brexit and obliterates Jeremy Corbyn in a snap general election.

It remains to be seen whether the globalist kleptomaniacs behind the new regime will also find a way to turn the removal of EU subsidies into an opportunity to arrange a massive transfer of farmland in Britain from farmers, workers’ pension funds and the old landed aristocracy and into the hands of global corporations. If that’s on the agenda too, remember where you heard it first!

All the above presupposes, of course, that the juvenile and utterly irresponsible anti-Russian, anti-Iranian and anti-Chinese sabre-rattling – of which the Johnson regime is as guilty as its predecessors – doesn’t actually start World War Three. Because, if it does, there’ll be nothing left to privatise and loot except the last tin of beans in the irradiated rubble.

Don’t get me wrong: This is not to condemn Brexit. The British people voted for it, and its delivery will be a Good Thing (not least because it has added, and will continue to add, to the instability in the EU which has disrupted the efforts of its bureaucratic rulers to maintain a firmly anti-Russian line, and because, however imperfect, Brexit is a blow for national sovereignty against a particularly nasty little imperial project.

All of us who, one way or another, helped set in motion or advance the process which defeated the pro-EU whores who had sold Britain to Brussels can be rightly proud of having done their bit to break the claws of the largest leopard in the London-based elite.

But you can also be sure that the British majority are going to be mightily disappointed with the new Johnson regime leopard and how Brexit turns out. They voted to restore the old Britain, particularly the Old England. What they will get instead is an even faster dissolution than we saw under EU rule.

They voted against ‘political correctness gone mad’ and in a bid to cling on to traditional values. What they will get is a quasi-Trotskyite cultural Marxist regime – all the more destructive for having the label ‘conservative’ – which grinds their faces – and especially the faces of their children and grandchildren – in LGBTQ+ filth.

They voted Brexit hoping to stop immigration. Instead, the next ten years will see an absolutely swamping change in Britain’s demographics, as the dying early Baby Boomers are replaced with Johnson’s ‘New Britons’ from all corners of the world.

They voted to kick out a Brussels Occupation Government. What they will get instead is a New York Occupation Government. Which is a polite way of putting it, for there is in fact really nothing American about America’s neocons.

“Meet the new boss. Same as the old boss”, is how the Who put it. But it was all summed up even better by the great English visionary William Morris, in A Dream of John Ball, his revolutionary classic about the very first English Peasants’ Revolt against an alien elite:

“I pondered all these things, and how men fight and lose the battle, and the thing that they fought for comes about in spite of their defeat, and when it comes turns out not to be what they meant, and other men have to fight for what they meant under another name.”

Basel 3: A Revolution That Once Again No One Noticed

April 07, 2019

By Aleksandr Khaldey

Basel 3: A Revolution That Once Again No One Noticed
Translated by Ollie Richardson and Angelina Siard
cross posted with https://www.stalkerzone.org/basel-3-a-revolution-that-once-again-no-one-noticed/
source: http://www.iarex.ru/articles/65626.html

Real revolutions are taking place not on squares, but in the quiet of offices, and that’s why nobody noticed the world revolution that took place on March 29th 2019. Only a small wave passed across the periphery of the information field, and the momentum faded away because the situation was described in terms unclear to the masses.

No “Freedom, equality, brotherhood”, “Motherland or death”, or “Power to Councils, peace to the people, bread to the hungry, factories to the worker, and land to the farmers” – none of these masterpieces of world populism were used. And that’s why what happened was understood in Russia by only a few people. And they made such comments that the masses either did not fully listen to them or did not read up to the end. Or they did listen to the end, but didn’t understand anything.

But they should’ve, because the world changed so cardinally that it is indeed time for Nathan Rothschild, having crumpled a hat in his hand, to climb onto an armoured Rolls-Royce [a joke referencing what Lenin did – ed], and to shout from on top of it to all the Universe: “Comrades! The world revolution, the need for which revolutionaries spoke about for a long time, came true!” [paraphrasing what Lenin said – ed] And he would be completely right. It’s just that the results of the revolution will be implemented slowly, and that’s why they are imperceptible for the population. But the effects, nevertheless, will be soon seen by absolutely everyone, up to the last cook who even doesn’t seek to learn to govern the state soon.

This revolution is called “Basel III”, and it was made by the Bank for International Settlements (BIS). Its essence is in the following: BIS runs the IMF, and this, in turn, runs the central banks of all countries. The body of such control is called BCBS – the Basel Committee on Banking Supervision. It isn’t just some worthless US State Department or Congress of American senators. It’s not a stupid Pentagon, a little Department of the Treasury, which runs around like the CIA’s servant on standby, or a house of collective farmers with the name “White House”.

This isn’t even the banks of the US Federal Reserve, which govern all of this “wealth”. This is a Government of all of them combined. That real world Government that people in the world try not to speak about aloud.

BCBS is the Politburo of the world, whose Secretary General, according to rumours, is comrade Baruch, and the underground structure of the Central Committee is even more secret. It has many euphemisms, the most adequate of which is “Zurich gnomes”. This is what Swiss bankers are called. Not even owners of commercial banks, but namely those ordinary-looking men sitting in the Swiss city of Basel who Hitler – who tried to attach the whole world to the Third Reich, and who preserved neutrality with Switzerland during all the war – didn’t dare to attack. And, as is known, in Switzerland, besides Swiss rifleman, in reality there isn’t even an army. So who was the frenzied Fuhrer afraid of?

Nevertheless, the “recommendations” that were made by BCBS on March 29th 2019 were immediately, at the snap of the fingers, accepted for execution by all the central banks of the world. And our Russian Central Bank is not an exception. There is even the statement of the press service of the Central Bank of the Russian Federation posted on the official website of the Central Bank. It is called “Concerning the terms of implementation of Basel III”. The planned world revolution was in 2017 (magic of dates and digits or just a coincidence [a reference to 1917 – ed]?), but it has started only now.

Its essence is simple. In the world the system of exclusive dollar domination established in 1944 in Bretton Woods and reformed in 1976 in Jamaica, where gold was recognised as an equivalent of world money that became invalid, is being cancelled. The dollar indeed became world money, and gold became an ordinary exchange good, like metal or sugar traded in London on commodity exchanges. However, the weather was determined there by only three firms of the “Pool of London” that belong to an even smaller number of owners, but, nevertheless, it’s not gold, but oil that became the dollar filler.

We have lived in such a world ever since. Gold was considered as a reserve of the third category for all banks, from central to commercial ones, where the reserves were, first of all, in dollars and bonds of the US. The norms of Basel III demand an increase, first of all, in monetary reserves. This impeded the volumes of monetary resources of banks that could be used to carry out expansion, but it was a compulsory measure for saving the stability of a world banking system that showed to be insufficient in a crisis.

In Russia pseudo-patriots were very much indignant at this, demanding to reject Basel III, which they called a sign of “a lack of sovereignty”. In reality, this is a quite normal demand to observe international standards of bank security, which were becoming more rigid, but since we [Russians – ed] were not printing dollars, so of course it had an impact on us. And since the alternative is an exit from world financial communications into full isolation, so our authorities, of course, did not want to accept such nonsense that was even designated by pseudo-patriots as a “lack of sovereignty”. To call sovereignty – freedom, to put your head in the noose is, let’s agree, a strange interpretation of the term.

The Basel III decision meant that gold as a reserve of the third category was earlier estimated at 50% of its value on the balance sheets of world banks. At the same time, all owners of world money traded in gold not physically, but on paper, without the movement of real metal, the volume of which in the world wasn’t enough for real transactions. This was done in order to push down the price of gold, to keep it as low as possible. First of all, for the benefit of the dollar. After all, the dollar is tied to oil, which had to cost no less than the price of one gram of gold per barrel.

And now it was decided to place gold not in the third, but “just” in the first category. And it means that now it is possible to evaluate it not at 50, but at 100% of its value. This leads to the revaluation of the balance sheet total. And concerning Russia, it means that now we can quietly, on all legal grounds, pour nearly 3 trillion rubles into the economy. If to be precise, it is 2.95 trillion rubles or $45 billion at the exchange rate in addition to the current balance sheet total. The Central Bank of the Russian Federation can pour this money into our economy on all legal grounds. How it will happen in reality isn’t yet known. Haste here without calculating all the consequences is very dangerous. Although this emission is considered as noninflationary, actually everything is much more complicated.

During the next few months nothing will change in the world. The U-turn will be very slow. In the US the gold reserves officially total 8133.5 tons, but there is such a thing as a financial multiplier: for every gold dollar, the banks print 20-30 digital paper ones. I.e., the US can only officially receive $170 billion in addition, but taking into account the multiplier – $4.5 trillion. This explains why the Federal Reserve System holds back on increasing interests rates and so far maintains the course towards lowering the balance sheet total – they are cautious of a surge in hyperinflation.

But all the largest states and holders of gold will now revaluate their gold and foreign exchange reserves: Germany, Italy, France, Russia, China, and Switzerland – countries where the gold reserves exceed 1,000 tons. Notice that there is no mumpish Britain in this list. Its reserves are less than 1000 tons. Experts suspect that it is perhaps not a coincidence that the dates of Brexit and the date of Basel III coincide. The increased financial power of the leaders of Europe – Germany and France – is capable of completely concluding the dismantlement of Britain on the European continent. It was necessary to get out as soon as possible.

Thus, it seems that it is possible to congratulate us – the dollar era lasting from 1944 to 2019 has ended. Now gold is restored in its rights and is not an exchange metal, but world money on an equal basis with the dollar, euro, and British pound. Now gold will start to rise in price, and its price will rise from $1200-1400 per troy ounce up to $1800-2000 by this autumn. Now it is clear why Russia and China during all these years so persistently decanted its export income into the growth of gold reserves. There is now such a situation where nobody in the world will sell gold.

Injections of extra money will suffice for the world economy for 5-6 months. In the US this money can be used to pay off the astronomical debt. Perhaps this wasn’t Zurich’s last motive for making such a decision. But after all, the most important thing is an attempt to slip out from under the Tower of Pisa that is the falling dollar.

Since the dollar and oil are connected, the growth of the price of gold will directly affect the growth of the price of oil. Now a barrel costs as much as 1.627 grams of gold. A price growth will cause the world economy – where 85% of the money dollar supply turns into stock surrogates like shares, bonds, and treasuries – to cave in. The stock exchange will not be able to bundle together such an additional mass of money any more.

It will be good for oil industry workers – even, perhaps, best of all, but not for long. The economical crash because of expensive oil will become a crash for all oil industry workers too. It is precisely this that is the main reason why our rights for additional emissions can remain unused in full volume, although a gift in such a form will not be completely ignored. The May Decrees of Putin in the current context are being understood completely differently. Russia runs away from the oil-based economic model in all ways. Including by political reforms and changing the elites.

However, why is the decision of Basel a revolution? Because from the autumn the financial flood in the world economy will begin. It will entail the acceleration of Russia and China’s isolation from the dollar system and the crash of the economies that completely depend on the dollar – the vassal countries of the US. It will be worst of all for them. And this means that the reasons for increased distancing between the EU and the US will increase in number manyfold. A redrawing of the map of global unions awaits the world.

And the redrawing of these unions will be carried out not least by military methods. Or with their partial use, but in one way or another, reasoning involving force in the world will increase almost to the level of guaranteed war. “Almost” is our hope for rescue, because the US loses all main instruments of influence on this world. Except force.

But it’s not for this purpose that the “Zurich gnomes” created this world, so that the US is so simply turned into radioactive ashes. The US will be drenched with cold water like a broken down nuclear reactor, while the world has entered the zone of the most global transformations over the past few centuries. The revolution that so many waited for, were afraid of, and spoke so much about has started. Buckle up and don’t smoke, the captain and crew wish you a pleasant flight.

 

Venezuela – The Straw that Breaks the Empire’s Back?

February 07, 2019

by Peter Koenig for The Saker Blog

Venezuela – The Straw that Breaks the Empire’s Back?

Venezuela in the limelight, on practically all the written, audio and visual mainstream media, as well as alternative media. A purposeful constant drip of outright lies and half-truths, “fake news”, as well as misleading information of all shades and hues about Venezuela is drumming our brains, slowly bending our minds towards believing that – yes, the US has a vital interest in meddling in Venezuela and bringing about “regime change”, because of primarily, the huge reserves of oil, but also of gold, coltan and other rare minerals; and, finally, simply because Washington needs full control of its “backyard”. – BUT, and yes, there is a huge BUT, as even some of the respected progressive alternative media pretend to know: Amidst all that recognition of the AngloZionist empire’s evil hands in Venezuela, their ‘but’ claims that Venezuela, specifically Presidents Chavez and now Maduro, are not blameless in their ‘economic chaos’. This distorts already the entire picture and serves the empire and all those who are hesitant because they have no clue, whom to support in this antagonistic US attempt for regime change.

For example, one alternative news article starts, “It is true that some of Venezuela’s economic problems are due to the ineptitudes of the Bolivarian government’s “socialist command” economy, but this overlooks the role played by the United States, the United Nations, and the European Union….”. Bingo, with such a low-blow beginning, the uninformed reader is already primed to ‘discount’ much of the interference by Washington and its minions. Some of the-so-called progressive writers have already been brain-smeared, by calling Nicolás Maduro a “dictator”, when in fact, there is hardly any country farther away from a dictatorship than Venezuela.

In the last 20 years and since Comandante Hugo Chavez Frias was first elected in 1998 and came to power in 1999, Venezuela had another 25 fully democratic elections, of which 6 took place in the last year and a half. They were all largely observed by the US based Carter Institute, the Latin American CELAC, some were even watched by the European Union (EU), the very vassal states that are now siding with Washington in calling President Maduro an illegitimate dictator – and instead, they side with and support the real illegitimate, never elected, US trained and appointed, Juan Guaidó. Former President Carter once said, of all the elections he and his Institute observed, the ones in Venezuela were by far the most transparent and democratic ones. By September 2017, the Carter Center had observed 104 elections in 39 countries.

Despite this evidence, Washington-paid and corrupted AngloZionist MSM are screaming and spreading lies, ‘election fraud’; and Nicolás Maduro is illegal, a dictator, oppressing his people, depriving them of food and medication, sowing famine – he has to go. Such lies are repeated at nauseatum. In a world flooded by pyramid-dollars (fake money), the presstitute media have no money problem. Dollars, the funding source for the massive lie-propaganda, are just printed as debt, never to be repaid again. So, why worry? The same Zionists who control the media also control the western money machines, i.e. the FED, Wall Street, the BIS (Bank for International Settlement, the so-called Central bank of central banks), the European Central Bank, the Bank of England and the banks of London. The western public, armchair warriors, all the way to caviar socialists, believe these lies. That’s how our unqualified brains apparently work.

A recent independent poll found that 86% of all Venezuelans, including from the opposition, want no interference by the US and her puppet allies, but want to remain a sovereign state, deciding themselves on how to resolve their internal problem – economics and otherwise.

Let me tell you something, if Mr. Maduro would be a dictator – and all the diabolical adjectives that he is smeared with were to apply, he would have long ago stopped the western propaganda machine, which is the western controlled media in Venezuela; they control 90% of the news in Venezuela. But he didn’t and doesn’t, because he believes in freedom of speech and freedom of the ‘media’ – even if the “media” are really nothing more than abject western lie-machines presstitute. Mr. Maduro is generous enough not to close them down – which any dictator – of which there are now many in Latin America (take a pick: Argentina, Chile, Ecuador, Brazil, Colombia, Paraguay, Uruguay, Guatemala, Honduras….) would have done long ago.

***

From the very beginning, when Hugo Chavez was first elected in 1998, Washington attempted to topple him to bring about “régime change”. The first real coup attempt took place on 11 April 2002. Under full command by Washington, Chavez was ousted for less than 2 days, when an on-swell of people and the vast majority of the military requested his reinstatement. Chavez was brought back from his island seclusion and, thus, the directly Washington-led coup d’état was defeated (“The Revolution Will Not Be Televised”). But the pressure mounted with economic sanctions becoming ever bolder and, in the case of Venezuela, they had severe economic and humanitarian impacts because Venezuela imports close to 90% of her food and medication – still today – and most of it from the US.

Both Chavez and Maduro had very little leeway of doing differently what they have already done. Sanctions, boycotts, outside money manipulations, driving inflation to astronomical levels and constant smear propaganda, these predicaments are biting hard. The US has a firm grip on Venezuela’s dollar dependency.

Last week, Washington confiscated about US$ 23 billion Venezuela’s reserve money in US banks, blocked them from use by the legitimate Maduro government, and, instead, handed them to their US-appointed, puppet, never elected, “president”, Juan Guaidó. – He is now able to use Venezuela’s money in his US-EU-and Lima-Group supported “shadow” government. Will he dare? – I don’t think so. However, he has already invited US petro, companies to come to Venezuela and invest in and take over the petrol industry. Of course, it will not happen, as President Maduro stays in power, firmly backed by the military.

All of this sounds like a bad joke. Did you ever heard of Juan Guaidó, before the US and her European vassals almost unanimously and obediently aped Washington in supporting him?

Likewise, the Bank of England withheld 1.2 billion dollars’ worth of Venezuelan reserve gold, refusing to respond to the Maduro Government’s request to return the gold to Caracas. Both cases represent an extreme breach of confidence. Up to now, it was ethically, commercially and financially unthinkable that reserve money and gold deposited in foreign banks would not be safe from hooligan theft – because that’s what it is, what the US is doing, stealing other countries money that was deposited in good fate in their banks.

In a recent interview with RT, President Maduro, said there was absolutely no need for “humanitarian aid”, as the UN suggested, prompted by the US. This so-called humanitarian aid has everywhere in the world only served to infiltrate ‘foreign and destabilizing’ elements into countries, just look at Syria, Libya, Iraq, Afghanistan, to name just a few. While the US$ 23 billion blocked in New York banks could have supplied Venezuela with 20 years-worth of medication for the Venezuelan people, Maduro asserted, Venezuela has enough liquidity to feed and medicate her people.

However, what this latest Trump plunder (the money and gold confiscation) does, is hammering one more nail in the western monetary system’s suicide coffin. It sends an ever-clearer signal to the rest of the world, to those that haven’t noticed yet, the AngloZionist empire cannot – I repeat – CANNOT – be trusted. Ever. And the European Union is intrinsically and “vassalically” linked to the Washington rogue state – not to be trusted either. There is virtually no circumstance under which a countries’ assets in western foreign lands – as bank deposits, or foreign investments – are safe. It will prompt a move away from the dollar system, away from the western (also entirely privately-owned) SWFT international transfer system by which sanctions can be enacted.

Indeed, the Russia and China and much of the SCO (Shanghai Organization Cooperation) members are no longer dealing in US dollars but in their own currencies. We are talking about half the world’s population broke free from the dollar hegemony. Europe has started a half-assed attempt to circumvent the dollar and SWIFT system for dealing with Iran. Europe’s special purpose vehicle, or SPV, is called INSTEX — short for Instrument in Support of Trade Exchanges. It is a project of Germany, France and the UK, suspiciously chaired by the latter, to be endorsed by all 28 EU members.

It aims in a first instance at shipping “humanitarian aid” to Iran. Similarly, to Venezuela, Iran’s foreign Minister, Javad Zarif, after learning about the details, considered the conditions of INSTEX as insulting and rejected any dealings with Europe under this system. Iran, he said, does not need “humanitarian aid”, not from Europe, not from anybody. In the meantime, what was to be expected, has already happened. The Trump Administration issued a stern warning of “sanctions” to the EU, if they would attempt to deal with Iran outside of the dollar system. Europe is likely caving in, as they always do.

***

Back in Venezuela, the NED (National Endowment for Democracy), the extended arm of the CIA, has for the last two decades trained funded and infiltrated ‘traitor’ agents into Venezuela, with the goal to assist the opposition to foment unrest, to carry out assassinations and other ‘false flags’, and to simply create chaos and unrest. However, some of these agents are also lodged in Venezuela’s financial institutions, as the Fifth Column, where they sabotage – often with threats – any economic policies that could rescue Venezuela from its economic predicament.

In June 2017, I was privileged to be a member of an economic advisory team to Mr. Maduro. During three days of intense discussions with government, a number of potential short- medium and long-term solutions emerged. They were well received by Mr. Maduro and his economic team. What became of these recommendations? – Well, maybe there are strong foreign-directed forces at play to prevent their implementation.

Clearly, any accusation that the Maduro Government may bear the blame for some of the economic chaos, have to be vigorously rejected. Mr. Maduro has very little space to maneuver the economy other than what he is already doing. His actions are severely limited by the ever-stronger squeeze by western claws.

With or without Venezuela’s new crypto currency, the oil-based Petro, the Venezuelan economy, including a major proportion of her imports, is strongly linked to the US dollar. With military threats and sanctions left and right, there is little that the Government can do in the immediate future to become autonomous. Yes, Russia and especially China will most likely help with balance of payment support loans, with investments in the oil industry to ease Venezuela’s US-dollar debt burden and vamp up oil production; and in the medium and longer run they may also help boosting Venezuela’s agricultural sector towards 100% food self-sufficiency.

What is the real reason, you may ask, behind Trump’s intense ‘coup d’état’ attempt – aka, Bolton, Pompeo and Elliott Abrams (the ‘regime change’ envoy), or the diabolical troika’s killer mission?

  • Is it oil and other natural riches, like gold, coltan, diamonds and many more rare minerals? Venezuela with some 301,000 MMbbl (billions of barrels) of known reserves has about 12% more hydrocarbon reserves than Saudi Arabia. Shipping from the Gulf to Texas refineries takes 40-45 days and the risk of passing through the Iran-controlled strait of Hormuz. Delivering oil from Venezuela to Texas takes some 2-4 days.
  • Is it that Venezuela committed a mortal sin when circumventing the petro-dollar, when trading her hydrocarbons, notably with China and Russia in other currencies, like the gold-convertible yuan? – Remember, Saddam Hussein and Muamar Gadhafi attempted similar dollar-escaping actions – and look what it brought them. The US-dollar hegemony depends very much on oil and gas trade in US dollars, as per an agreement of the seventies between the US and Saudi Arabia, head of OPEC.
  • Is it that Washington cannot tolerate any socialist or socialist leaning country in its “backyard”? – Cuba and Nicaragua beware!
  • Is Venezuela a crucial stepping stone to fully dominate Latin America and her resources? – And, hence, a step closer to ‘full power dominance’ of the world?
  • Or all of the above?

I believe it’s all of the above, with a strong accent on Venezuela’s abandoning the US-dollar as hydrocarbon trading currency – putting the dollar-hegemony even more at risk. Once the dollar ceases to be the main reserve currency, the US economy will slowly collapse – what it is already doing. Twenty years ago, the US-dollar dominated world reserve coffers with about 90%. Today that proportion has sunk to less than 60%. The dollar is rapidly being replaced by other currencies, notably the Chinese yuan.

Now let’s cut to the chase. – It is clear that the Trump Administration with these stupid actions of dishing out sanctions left and right, punishing allies and foes alike, if they deal with Russia, Iran, or Venezuela – and this special blunt regime change aggression in Venezuela, nominating a 35 year old US puppet, trained in the US by CIA as Venezuela’s new ‘interim president’, confiscating Venezuela’s reserve assets in New York and London, stopping importing petrol from Venezuela and punishing anybody who imports Venezuelan oil – except, of course, Russia and China. The ‘might’ of the US stops short of interfering in these non-dollar deals. With these and more ridiculous actions and military threats – Washington is actually not only isolating itself, but is accelerating the fall of the US economy. Ever more countries are seeking alternative ways of doing business with currencies and monetary systems other than the dollar-based fraudulent SWIFT, and eventually they will succeed. All they need to do is joining the China-Russia-SCO system of transfer in their local currencies and the currencies of the eastern SCO block – and dedollarization is moving a step further ahead.

Dedollarization is the key to the end of the US (dollar) hegemony, of the US economic supremacy. The arrogant Trump, plus the impunity of the unfettered diabolical and outright dumb Bolton-Pompeo-Abrams approach of military threats and intimidations, may just make Venezuela the straw that breaks the Empire’s back.

Peter Koenig is an economist and geopolitical analyst. He is also a water resources and environmental specialist. He worked for over 30 years with the World Bank and the World Health Organization around the world in the fields of environment and water. He lectures at universities in the US, Europe and South America. He writes regularly for Global Research; ICH; RT; Sputnik; PressTV; The 21st Century; TeleSUR; The Vineyard of The Saker Blog, the New Eastern Outlook (NEO); and other internet sites. He is the author of Implosion – An Economic Thriller about War, Environmental Destruction and Corporate Greed – fiction based on facts and on 30 years of World Bank experience around the globe. He is also a co-author of The World Order and Revolution! – Essays from the Resistance.

Peter Koenig is a Research Associate of the Centre for Research on Globalization.

Saker interview with Michael Hudson on Venezuela, February 7, 2019

February 06, 2019

[This interview was made for the Unz review]Saker interview with Michael Hudson on Venezuela, February 7, 2019

Introduction: There is a great deal of controversy about the true shape of the Venezuelan economy and whether Hugo Chavez’ and Nicholas Maduro’s reform and policies were crucial for the people of Venezuela or whether they were completely misguided and precipitated the current crises.  Anybody and everybody seems to have very strong held views about this.  But I don’t simply because I lack the expertise to have any such opinions.  So I decided to ask one of the most respected independent economists out there, Michael Hudson, for whom I have immense respect and whose analyses (including those he co-authored with Paul Craig Roberts) seem to be the most credible and honest ones you can find.  In fact, Paul Craig Roberts considers Hudson the “best economist in the world“!
I am deeply grateful to Michael for his replies which, I hope, will contribute to a honest and objective understanding of what really is taking place in Venezuela.
The Saker

The Saker: Could you summarize the state of Venezuela’s economy when Chavez came to power?

Michael Hudson: Venezuela was an oil monoculture. Its export revenue was spent largely on importing food and other necessities that it could have produced at home. Its trade was largely with the United States. So despite its oil wealth, it ran up foreign debt.

From the outset, U.S. oil companies have feared that Venezuela might someday use its oil revenues to benefit its overall population instead of letting the U.S. oil industry and its local comprador aristocracy siphon off its wealth. So the oil industry – backed by U.S. diplomacy – held Venezuela hostage in two ways.

First of all, oil refineries were not built in Venezuela, but in Trinidad and in the southern U.S. Gulf Coast states. This enabled U.S. oil companies – or the U.S. Government – to leave Venezuela without a means of “going it alone” and pursuing an independent policy with its oil, as it needed to have this oil refined. It doesn’t help to have oil reserves if you are unable to get this oil refined so as to be usable.

Second, Venezuela’s central bankers were persuaded to pledge their oil reserves and all assets of the state oil sector (including Citgo) as collateral for its foreign debt. This meant that if Venezuela defaulted (or was forced into default by U.S. banks refusing to make timely payment on its foreign debt), bondholders and U.S. oil majors would be in a legal position to take possession of Venezuelan oil assets.

These pro-U.S. policies made Venezuela a typically polarized Latin American oligarchy. Despite being nominally rich in oil revenue, its wealth was concentrated in the hands of a pro-U.S. oligarchy that let its domestic development be steered by the World Bank and IMF. The indigenous population, especially its rural racial minority as well as the urban underclass, was excluded from sharing in the country’s oil wealth. The oligarchy’s arrogant refusal to share the wealth, or even to make Venezuela self-sufficient in essentials, made the election of Hugo Chavez a natural outcome.

The Saker: Could you outline the various reforms and changes introduced by Hugo Chavez? What did he do right, and what did he do wrong?

Michael Hudson: Chavez sought to restore a mixed economy to Venezuela, using its government revenue – mainly from oil, of course – to develop infrastructure and domestic spending on health care, education, employment to raise living standards and productivity for his electoral constituency.

What he was unable to do was to clean up the embezzlement and built-in rake-off of income from the oil sector. And he was unable to stem the capital flight of the oligarchy, taking its wealth and moving it abroad – while running away themselves.

This was not “wrong”. It merely takes a long time to change an economy’s disruption – while the U.S. is using sanctions and “dirty tricks” to stop that process.

The Saker: What are, in your opinion, the causes of the current economic crisis in Venezuela – is it primarily due to mistakes by Chavez and Maduro or is the main cause US sabotage, subversion and sanctions?

Michael Hudson: There is no way that’s Chavez and Maduro could have pursued a pro-Venezuelan policy aimed at achieving economic independence without inciting fury, subversion and sanctions from the United States. American foreign policy remains as focused on oil as it was when it invaded Iraq under Dick Cheney’s regime. U.S. policy is to treat Venezuela as an extension of the U.S. economy, running a trade surplus in oil to spend in the United States or transfer its savings to U.S. banks.

By imposing sanctions that prevent Venezuela from gaining access to its U.S. bank deposits and the assets of its state-owned Citco, the United States is making it impossible for Venezuela to pay its foreign debt. This is forcing it into default, which U.S. diplomats hope to use as an excuse to foreclose on Venezuela’s oil resources and seize its foreign assets much as Paul Singer hedge fund sought to do with Argentina’s foreign assets.

Just as U.S. policy under Kissinger was to make Chile’s “economy scream,” so the U.S. is following the same path against Venezuela. It is using that country as a “demonstration effect” to warn other countries not to act in their self-interest in any way that prevents their economic surplus from being siphoned off by U.S. investors.

The Saker: What in your opinion should Maduro do next (assuming he stays in power and the USA does not overthrow him) to rescue the Venezuelan economy?

Michael Hudson: I cannot think of anything that President Maduro can do that he is not doing. At best, he can seek foreign support – and demonstrate to the world the need for an alternative international financial and economic system.

He already has begun to do this by trying to withdraw Venezuela’s gold from the Bank of England and Federal Reserve. This is turning into “asymmetrical warfare,” threatening what to de-sanctify the dollar standard in international finance. The refusal of England and the United States to grant an elected government control of its foreign assets demonstrates to the entire world that U.S. diplomats and courts alone can and will control foreign countries as an extension of U.S. nationalism.

The price of the U.S. economic attack on Venezuela is thus to fracture the global monetary system. Maduro’s defensive move is showing other countries the need to protect themselves from becoming “another Venezuela” by finding a new safe haven and paying agent for their gold, foreign exchange reserves and foreign debt financing, away from the dollar, sterling and euro areas.

The only way that Maduro can fight successfully is on the institutional level, upping the ante to move “outside the box.” His plan – and of course it is a longer-term plan – is to help catalyze a new international economic order independent of the U.S. dollar standard. It will work in the short run only if the United States believes that it can emerge from this fight as an honest financial broker, honest banking system and supporter of democratically elected regimes. The Trump administration is destroying illusion more thoroughly than any anti-imperialist critic or economic rival could do!

Over the longer run, Maduro also must develop Venezuelan agriculture, along much the same lines that the United States protected and developed its agriculture under the New Deal legislation of the 1930s – rural extension services, rural credit, seed advice, state marketing organizations for crop purchase and supply of mechanization, and the same kind of price supports that the United States has long used to subsidize domestic farm investment to increase productivity.

The Saker: What about the plan to introduce a oil-based crypto currency? Will that be an effective alternative to the dying Venezuelan Bolivar?

Michael Hudson: Only a national government can issue a currency. A “crypto” currency tied to the price of oil would become a hedging vehicle, prone to manipulation and price swings by forward sellers and buyers. A national currency must be based on the ability to tax, and Venezuela’s main tax source is oil revenue, which is being blocked from the United States. So Venezuela’s position is like that of the German mark coming out of its hyperinflation of the early 1920s. The only solution involves balance-of-payments support. It looks like the only such support will come from outside the dollar sphere.

The solution to any hyperinflation must be negotiated diplomatically and be supported by other governments. My history of international trade and financial theory, Trade, Develpoment and Foreign Debt, describes the German reparations problem and how its hyperinflation was solved by the Rentenmark.

Venezuela’s economic-rent tax would fall on oil, and luxury real estate sites, as well as monopoly prices, and on high incomes (mainly financial and monopoly income). This requires a logic to frame such tax and monetary policy. I have tried to explain how to achieve monetary and hence political independence for the past half-century. China is applying such policy most effectively. It is able to do so because it is a large and self-sufficient economy in essentials, running a large enough export surplus to pay for its food imports. Venezuela is in no such position. That is why it is looking to China for support at this time.

The Saker: How much assistance do China, Russia and Iran provide and how much can they do to help?  Do you think that these three countries together can help counter-act US sabotage, subversion and sanctions?

Michael Hudson: None of these countries have a current capacity to refine Venezuelan oil. This makes it difficult for them to take payment in Venezuelan oil. Only a long-term supply contract (paid for in advance) would be workable. And even in that case, what would China and Russia do if the United States simply grabbed their property in Venezuela, or refused to let Russia’s oil company take possession of Citco? In that case, the only response would be to seize U.S. investments in their own country as compensation.

At least China and Russia can provide an alternative bank clearing mechanism to SWIFT, so that Venezuela can by pass the U.S. financial system and keep its assets from being grabbed at will by U.S. authorities or bondholders. And of course, they can provide safe-keeping for however much of Venezuela’s gold it can get back from New York and London.

Looking ahead, therefore, China, Russia, Iran and other countries need to set up a new international court to adjudicate the coming diplomatic crisis and its financial and military consequences. Such a court – and its associated international bank as an alternative to the U.S.-controlled IMF and World Bank – needs a clear ideology to frame a set of principles of nationhood and international rights with power to implement and enforce its judgments.

This would confront U.S. financial strategists with a choice: if they continue to treat the IMF, World Bank, ITO and NATO as extensions of increasingly aggressive U.S. foreign policy, they will risk isolating the United States. Europe will have to choose whether to remain a U.S. economic and military satellite, or to throw in its lot with Eurasia.

However, Daniel Yergin reports in the Wall Street Journal (Feb. 7) that China is trying to hedge its bets by opening a back-door negotiation with Guaido’s group, apparently to get the same deal that it has negotiated with Maduro’s government. But any such deal seems unlikely to be honored in practice, given U.S. animosity toward China and Guaido’s total reliance on U.S. covert support.

The Saker: Venezuela kept a lot of its gold in the UK and money in the USA.  How could Chavez and Maduro trust these countries or did they not have another choice?  Are there viable alternatives to New York and London or are they still the “only game in town” for the world’s central banks?

Michael Hudson: There was never real trust in the Bank of England or Federal Reserve, but it seemed unthinkable that they would refuse to permit an official depositor from withdrawing its own gold. The usual motto is “Trust but verify.” But the unwillingness (or inability) of the Bank of England to verify means that the formerly unthinkable has now arrived: Have these central banks sold this gold forward in the post-London Gold Pool and its successor commodity markets in their attempt to keep down the price so as to maintain the appearance of a solvent U.S. dollar standard.

Paul Craig Roberts has described how this system works. There are forward markets for currencies, stocks and bonds. The Federal Reserve can offer to buy a stock in three months at, say, 10% over the current price. Speculators will by the stock, bidding up the price, so as to take advantage of “the market’s” promise to buy the stock. So by the time three months have passed, the price will have risen. That is largely how the U.S. “Plunge Protection Team” has supported the U.S. stock market.

The system works in reverse to hold down gold prices. The central banks holding gold can get together and offer to sell gold at a low price in three months. “The market” will realize that with low-priced gold being sold, there’s no point in buying more gold and bidding its price up. So the forward-settlement market shapes today’s market.

The question is, have gold buyers (such as the Russian and Chinese government) bought so much gold that the U.S. Fed and the Bank of England have actually had to “make good” on their forward sales, and steadily depleted their gold? In this case, they would have been “living for the moment,” keeping down gold prices for as long as they could, knowing that once the world returns to the pre-1971 gold-exchange standard for intergovernmental balance-of-payments deficits, the U.S. will run out of gold and be unable to maintain its overseas military spending (not to mention its trade deficit and foreign disinvestment in the U.S. stock and bond markets). My book on Super-Imperialism explains why running out of gold forced the Vietnam War to an end. The same logic would apply today to America’s vast network of military bases throughout the world.

Refusal of England and the U.S. to pay Venezuela means that other countries means that foreign official gold reserves can be held hostage to U.S. foreign policy, and even to judgments by U.S. courts to award this gold to foreign creditors or to whoever might bring a lawsuit under U.S. law against these countries.

This hostage-taking now makes it urgent for other countries to develop a viable alternative, especially as the world de-dedollarizes and a gold-exchange standard remains the only way of constraining the military-induced balance of payments deficit of the United States or any other country mounting a military attack. A military empire is very expensive – and gold is a “peaceful” constraint on military-induced payments deficits. (I spell out the details in my Super Imperialism: The Economic Strategy of American Empire (1972), updated in German as Finanzimperium(2017).

The U.S. has overplayed its hand in destroying the foundation of the dollar-centered global financial order. That order has enabled the United States to be “the exceptional nation” able to run balance-of-payments deficits and foreign debt that it has no intention (or ability) to pay, claiming that the dollars thrown off by its foreign military spending “supply” other countries with their central bank reserves (held in the form of loans to the U.S. Treasury – Treasury bonds and bills – to finance the U.S. budget deficit and its military spending, as well as the largely military U.S. balance-of-payments deficit.

Given the fact that the EU is acting as a branch of NATO and the U.S. banking system, that alternative would have to be associated with the Shanghai Cooperation Organization, and the gold would have to be kept in Russia and/or China.

The Saker:  What can other Latin American countries such as Bolivia, Nicaragua, Cuba and, maybe, Uruguay and Mexico do to help Venezuela?

Michael Hudson: The best thing neighboring Latin American countries can do is to join in creating a vehicle to promote de-dollarization and, with it, an international institution to oversee the writedown of debts that are beyond the ability of countries to pay without imposing austerity and thereby destroying their economies.

An alternative also is needed to the World Bank that would make loans in domestic currency, above all to subsidize investment in domestic food production so as to protect the economy against foreign food-sanctions – the equivalent of a military siege to force surrender by imposing famine conditions. This World Bank for Economic Acceleration would put the development of self-reliance for its members first, instead of promoting export competition while loading borrowers down with foreign debt that would make them prone to the kind of financial blackmail that Venezuela is experiencing.

Being a Roman Catholic country, Venezuela might ask for papal support for a debt write-down and an international institution to oversee the ability to pay by debtor countries without imposing austerity, emigration, depopulation and forced privatization of the public domain.

Two international principles are needed. First, no country should be obliged to pay foreign debt in a currency (such as the dollar or its satellites) whose banking system acts to prevents payment.

Second, no country should be obliged to pay foreign debt at the price of losing its domestic autonomy as a state: the right to determine its own foreign policy, to tax and to create its own money, and to be free of having to privatize its public assets to pay foreign creditors. Any such debt is a “bad loan” reflecting the creditor’s own irresponsibility or, even worse, pernicious asset grab in a foreclosure that was the whole point of the loan.

The Saker:  Thank you very much for taking the time to reply to my questions!

The Untouchable US-Saudi Relation Is a Core Element of US Imperialism

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By Frederico Pierccini
Source

Nixon’s decision in 1971 to withdraw the United States from the gold standard greatly influenced the future direction of humanity. The US dollar rose in importance from the mid-1950s to become the world reserve currency as a result of the need for countries to use the dollar in trade. One of the most consumed commodities in the world is oil, and as is well known, the price is set by OPEC in US dollars, with this organization being strongly influenced by Saudi Arabia.

It is therefore towards Riyadh that we must look in order to understand the workings of the petrodollar. After the dollar was withdrawn from the gold standard, Washington made an arrangement with Riyadh to price oil solely in dollars. In return, the Saudis received protection and were granted a free hand in the region. This decision forced the rest of the world to hold a high amount of US dollars in their currency reserves, requiring the purchase of US treasuries. The relationship between the US dollar and oil breathed new life to this currency, placing it at the centre of the global financial and economic system. This privileged role enjoyed by the dollar allowed the United States to finance its economy through the simple process of printing its fiat currency, relying on its credibility and supported by the petrodollar that required other countries to store reserves of US treasuries in their basket of currencies.

This arrangement continued to sustain itself in spite of numerous wars (the Balkans, Iraq, Afghanistan), financial crises (the Black Monday of 1987, the Dotcom bubble of 2000, and Lehman Brothers’ subprime crisis of 2008), and the bankruptcies of sovereign states (Argentina in 1998). The explanation is to be found in the credibility of the US dollar and the US itself, with its ability to repay buyers of treasury bonds. In other words, as long as the US continues to maintain its dominance of the global financial and economic system, thanks to the dollar, its supremacy as a world superpower is hardly questioned. To maintain this influence on the currency markets and the special-drawing rights (SDR) basket, the pricing of oil in US dollars is crucial. This explains, at least partially, the impossibility of scaling down the relationship between Washington and Riyadh. Nobody should delude themselves into believing that this is the only reason why Saudi-US relations are important. Washington is swimming in the money showered by Saudi lobbies, and it is doubtful that those on the receiving end of such largesse will want to make the party stop.

The agreement made between Washington and Riyadh guaranteed that the latter would receive protection from the former and Washington would look the other way regarding Riyadh’s behavior within its kingdom and in the region – so long as Saudi Arabia sold its black gold in US dollars alone. This agreement was clearly a controversial one and has been kept away from the general public, even in the light of Khashoggi’s death and the liberal mainstream media’s piling on the Kingdom. Yet this is not the only reason why US-Saudi ties are so close. The initial agreements between the Saudis and the Americans concerned the petrodollar; but after the Islamic revolution in Iran in 1979 (Iran’s nationalist prime minister, Mohammad Mosaddegh, had been previously overthrown by the US and UK in 1953), Riyadh and Washington decided to declare war on their common enemy, with the hearty approval of Israel. The cooperation between Riyadh and Washington became even closer in the 1980s, through the common campaign against the USSR in Afghanistan through the use of jihadists recruited, trained and armed by the Pakistan, Saudi Arabia, and the US secret services. The use of jihadist terrorism as a geopolitical weapon has been a main feature of Riyadh’s statecraft.

The relationship between Saudi Arabia and the US evolved from a mere economic and protection agreement, to a full-fledged collaboration against the shared enemies of Washington, Tel Aviv and Riyadh, expanding on the existing cooperation since the 1980s of using jihadism to advance strategic objectives. The situation with Iran became of primary importance for US strategy in the region. Riyadh, with the passage of time, assumed a triple role, namely, that of being the guarantor of the petrodollar, a facilitator in the use of Islamic terrorism as a geopolitical weapon, and a regional opponent of Iran.

This relationship has been mutually beneficial. The House of Saud has been free to run its country according to the strict strictures of Wahhabism without Western interference; and Washington enjoys a capacity for unlimited military spending (especially after the 2008 crisis and the beginning of quantitative easing) simply through the printing of debt in the form of government bonds that are immediately acquired by other countries. Washington has effectively been printing waste paper and obtaining consumer goods in return, a state of affairs that has allowed the United States to squander six trillion dollars in wars in Iraq and Afghanistan without suffering significant economic consequences.

Ever since Donald Trump took over the White House, the process of de-dollarization that begun during the Obama era has only accelerated. With the unprecedented move in 2012 to remove Iran from the SWIFT international banking system, a dangerous precedent had been set that acted as a warning to the rest of the world. The United States revealed itself as willing to abuse its dominant position by wielding the dollar as a weapon against geopolitical adversaries.

The consequences of that action continue to be felt today. Many within the Western elite have come to recognize this mistake and are regretting it. Russia and China understood that they were next on the chopping block and set about creating alternative payment systems like CIPS that would serve to act as a backup system in case Washington tried to exclude Moscow and Beijing from the SWIFT system.

Trump contributed more than any of his predecessors towards further pushing the world in the direction of de-dollarization. Sanctions and tariffs have weakened confidence amongst US allies and forced the rest of the world to start looking for alternatives. The cases of Iran and Russia are instructive, with commercial exchanges being undertaken in currencies other than the dollar for a number of years now. There are dozens of other examples where the use of the dollar in commercial transactions has been abandoned. More complicated, however, is the financing of debt for private or public companies that often takes place in dollars. This exposes industries to a difficult situation in the event that their national currencies devalue against the dollar, making it more expensive to find the US dollars needed to repay creditors, leaving what are major national companies with the prospect of facing bankruptcy. As Russia learned in 2014 with the attack on its Ruble, exposure of potentially strategic sectors of the country to the economic influence of a foreign adversary should be avoided.

The push to renounce the use of the dollar in financial transactions also stems from the fear that the next financial crisis may affect global debt as expressed in dollars; not only destroying the US economy, but dragging down with it countries that are large holders of US treasuries. This is not speculation or conspiracy theory but simple deduction from observing the economic situation over the last 10 years. The global economy was saved in 2008 as a result of the confidence held by citizens following the intervention of central banks. The corrosive mechanism laid out by the Fed and its partners became evident months later. Central banks started printing unlimited amounts of money at 0% interest rates and furnishing it to banks and financial institutions to cover the debts left by the bursting of speculative bubbles like the one involving subprime mortgages.

The average citizen, seeing Bernanke and Draghi on TV talking about “unprecedented actions to save the system”, felt reassured, and therefore felt their money remained safe, in banks or in US dollars. The next financial crisis – potentially the worst ever – is likely to be caused by either the raising of interest rates by the Fed and other central banks, or from the popping of one of the numerous debt bubbles around. The central point is that the citizens’ belief in the system will be put to the test because, as Draghi said, “[this weapon of QE] can be used only once”. There is no protection for banks and speculative entities that could be in debt to the tune of many billions of dollars with no chance of survival.

With a view of to the possible collapse of the dollar-based financial system, several countries are selling their US government bonds, reducing their exposure and accumulating gold. This involves not just China and Russia, but even the European Union.

In such a situation, a crisis in relations with Saudi Arabia is unthinkable for Washington, especially when the region now seems to be guided by an axis that starts from Tehran and ends in Beirut, including Baghdad and Damascus. Riyadh is necessary for the Israeli strategy in the region, and Washington follows in tow for reasons related to the US dollar. Factoring the importance of Riyadh in supporting the petrodollar and in countering Iran in the region, it is not surprising why the Israeli lobby in Washington is doing its utmost to calm US senators down intent on punishing Riyadh for the Khashoggi affair.

If Saudi Arabia were really convinced of the innocence of MBS in the Khashoggi affair, it could use this situation to its advantage by reducing the role of Washington in its foreign policy. Turning to the east and increasing partnerships with China and Russia would have beneficial effects on the whole region, as well as reducing the importance of the United States in the world. Saudi Arabia is governed by a large family riven with divisions and feuds spanning decades. MBS has no interest in his kingdom and is occupied with his survival alone. He is aware that Netanyahu and Trump are his best bet for continuing to reign. Trump is equally aware of the importance of MBS in his communication strategy in the US, with a view to the midterm and the 2020 elections. MBS is for Trump the golden goose that finances the MAGA project, thanks apparently to Trump’s mesmerizing negotiation skills with the Saudis. Of course this is far from the truth, but what matters is the spin that Trump gives to this alliance.

Israel is the primary ally of MBS, given that the crown prince is the first Saudi monarch openly willing to establish diplomatic relations with the Jewish State and bring relations between the two countries out into the open. The upper level of the US government, the so-called deep state, tried for a few weeks to use MBS against Trump. But this strategy came to an end after the Israelis, together with some elements of the US deep state, saw the risk of downsizing the global relationship between Saudi Arabia and the US. MBS will hardly be pushed aside, and within the Kingdom his position seems firmer than many expected, as seen at the Davos in the Desert conference. Breaking up with MBS would have had unimaginable repercussions for the US’s hegemonic position, and this is something Washington can ill afford at the moment.

The use of jihadism and petrodollars as political and financial weapon against Washington’s adversaries is reason enough to quickly forget Jamal Khashoggi and go back to ignoring the various abuses committed by Saudi Arabia. In this phase of the transition from a unipolar to a multipolar world, the US cannot afford to renounce some of the most potent weapons in its arsenal to wield against its geopolitical foes.

Prisoners of Words

by Jimmie Moglia for The Saker Blog

During his recent meeting with Putin in Helsinki, Trump, answering a question form a US journalist, said that there was no reason to suspect Russian interference in the 2016 US presidential elections. However, back on home soil, he said that what he meant was the opposite.

In the circumstances, there is some difficulty in assigning to either of Trump’s statements the property of truth. For the correlation between the information communicated in Helsinki and that communicated in Washington, cannot be easily established. Or rather, the correlation, if any, is such as to cause epistemological problems of sufficient magnitude, as to lay upon the logical and semantic resources of the English language, a heavier burden than they can be reasonably expected to bear.

Some believe that concern about linguistic matters is pedantic interference or sentimental archaism, akin to choosing land-line sets over smartphones. Perhaps the practitioners of incoherence harbor the unconscious belief that language is a natural, self-generating entity, rather than an instrument that we shape for our own purposes.

Many believe that the decline or misuse of language is due to political or economic causes, rather than to the bad influence of sundry writers. I subscribe to this view, because most newspapers are unreadable and literature is not read.

However, an effect can become a cause, reinforcing the original cause and producing the same effect, now stronger. A man may start to drink for feeling a failure, only to fail completely because he drinks. Similarly, language becomes ugly and inaccurate because the thoughts producing it are foolish, but slovenliness of language makes it easier to produce foolish thoughts. And the dark at the end of the tunnel of foolishness is insanity.

Unfortunately, the process is irreversible, for bad habits spread by imitation. Avoiding them requires a discipline that few politicians like to practice. And yet getting rid of bad language habits makes thinking clearer, and thinking clearly is rated as the first step for political regeneration. Assuming, but not given, that regeneration is what politicians want.

Political words are routinely abused. For example, the word ‘fascism’ has lost any meaning other than signifying something undesirable. And words like democracy, socialism, freedom, patriotic, realistic, justice, etc. each has several different meanings that cannot be reconciled with one another.

On “collusion”, a word stuffed into the ears of men for the last two years, not only is there no agreed definition, but an attempt to create one would probably be strongly resisted by the very people who accuse Trump of collusion (with Russia). For any definition implies a restriction of the field where the definition applies. And just as an example clarifies a definition, so evidence proves an accusation. In the instance, there being no evidence, the accusation can be endlessly sustained, for it could never be proven. Therefore a never-ending accusation renders its victim never-endingly accused, which is probably the not-so-secret objective of the charade.

But what could have Trump replied to the question about “collusion” with Russia, posed by the MSM American journalist? He may, for example, have answered with a question, e.g. “Did you evacuate your intestine this morning?” And to whatever the journalist may have replied, Trump could have counter-replied, “Your answer is just as relevant to your readers as your question to me. Go and live unhappily ever after.” Alternatively, he could have said, “He that would keep a secret must keep it secret that he hath a secret to keep,” a ditty attributed to Francis Bacon.

But if it had been me – perish the thought – I would have answered with what the French call “le mot de Cambronne”, that is, “Merde!” a term familiar even to most non-French speaking people.

Before explaining why, here is some historical background on Cambronne’s reply to the question he was asked.

Pierre Cambronne (1770-1842) was born and died in Nantes, on the French West Coast. Destined to a career in business, he was engulfed in the fire of the French Revolution. He fought in the Vandean Civil War, distinguishing himself in the battle of Quiberon against forces landed and financed by the British, to support the counter-revolutionaries.

Cambronne had courage and quickly rose to the rank of captain. By the time of the battle of Jena (1806), fought against the Prussians, he had become a colonel and shortly later a major commanding a regiment of the Imperial Guard.

In the battle of Leipzig (1813) he was a brigade general. Faithful among the faithful of Napoleon, Cambronne followed him to his first exile in the Isle of Elba (Italy), becoming the military commander of the island.

In April 2015 he was nominated Count of the Empire. Two months later he was once more fighting in the battle of Waterloo, commanding the elite unit of the Imperial Guard.

Requested to surrender by the British, Cambronne allegedly said, “The Guard dies but does not surrender.”

The British insisted that he surrender, and it is then when he responded with “le mot de Cambronne.”

The British admired his determination and did everything they could to capture him. Seriously wounded, he was finally taken prisoner after what remained of the Imperial Guard was duly massacred.

Later, Cambronne denied the longer sentence attributed to him: “I could not say ‘the guard dies but does not surrender’, since I did not die and I surrendered.” But he did not deny the paternity of the second and more famous reply.

Cambronne’s heroic rudeness inspired a play by French actor and playwright Sacha Guitry, titled “Le Mot de Cambronne.” Since it is in verse and the word in question has only one rhyme (“perde“, conjugation of the verb “perdre“), the spectators’ ears were attuned and ready for its reception.

To conclude this brief biography, Cambronne, wounded at Waterloo, was assisted in an English hospital by a Scottish nurse, Mary Osbum, whom he married.

From England he wrote to King Louis XVIII requesting permission to return to France. The king did not reply but Cambronne returned anyway. Arrested, he was tried for treason (“for having conducted an armed attack against France”). Defended by a royalist lawyer, he was absolved in April 1916, and spent the rest of his years in his native Nantes. Where the historically curious tourist can find his statue, his apartment turned into a museum, and an avenue with his name.

Returning to Trump, a response with the “mot of Cambronne” to the question by the American journalist, would be appropriate. For the nebulous, vague, unproven and undefined word “collusion,” is but a verbal fig leaf for what the deep state wishes to suggest but dares not say, namely ‘treason.’ Where ‘deep state’ is recognized at large as a euphemism for Zionists by blood or interest.

And implying or accusing the US president of treason (that is, serving the interests of an enemy) is, in the circumstances, an idea stubbornly insusceptible of rational comprehension. The same applies to Russophobia, the daughter of “collusion.”

For one thing, it is common knowledge that the American public at large is generally indifferent to geography. Or rather, geographic ignorance is not a liability but an asset. For he who nurtures ideas that do not lead to profit or immediate pleasure fosters suspicion – unless he can prove that geographical knowledge has procured him ostensive and ostentatious profit (an uneasy outcome for common mortals).

All this, in the circumstances, makes the diplomatically unconventional “mot de Cambronne” an appropriate retort to questions about “Russian collusion.”

As for Russophobia, it seems clear that history is a teacher without pupils. For in recent historical times, the late 1980s, the same deep state and/or media that now preaches Russophobia, created Gorbymania. It did it when Gorbachev was not only a Russian but also a Communist.

And given that the most vociferous promoters of current Russophobia are mostly Zionists by ethnicity, interest or mainstream-media affiliation, the issue, I think, is only partially related to the classical historical reasons. That is, Communism, Bolshevism, resentment against the Czars, Russians’ long-standing uneasiness with the Jews, etc. In fact, according to knowledgeable sources, Jews are freer in today’s Russia than ever they were before.

Here are a few but meaningful examples of Russophobia,

CIA Director John Brennan, “… (Russians) try to suborn individuals and they try to get individuals, including US citizens, to act on their behalf either wittingly or unwittingly…. Individuals going on a treasonous path often do not realize it until it is too late.”

James Comey, ex FBI director, “They (the Russians) are coming after America.”

James Clapper (Director National Intelligence), “The Russians, typically, are almost genetically driven to co-opt, penetrate, gain favor.”

Senator McCain “(Russia is) a gas station masquerading as a country” (proving with six words his extraordinary geographical, historical and cultural knowledge of Russia).

A Washington Post sports columnist, referring to very questionable doping allegations, described Russian 2018 medal winners as representatives of “a shamed nation.”

A media commentator, “Treat Russia Like the Terrorist It Is.”

…. and so on.

Given that most of the quoted characters (and more unquoted of similar opinions) hold strong Zionist views and have been pilgrims at the Wailing Wall, the naive observer is driven to ask himself whether there is a correlation.

To prevent the potential and usual accusation of anti-something, the following considerations apply only and exclusively to the neo-cons and their notorious Zionist leanings.

Why? Because few Jews, for example, were involved in the business of Saddam’s inexistent “weapons of mass destruction,” the invasion of Iraq, the massacre of Gheddafi, the destruction of Libya, the orchestration of the Ukrainian coup d’etat, the Odet-Yinon plan for the territorial extension of Israel from the Nile to the Euphrates, the Plan for the new American Century, with the need for a ‘new Pearl Harbor’, etc. The same can be said about the vociferous peddlers of the current Russophobia.

Still, Zionist Judaism functions as a Federal Reserve Bank of sorts, but applied to the mass-psychology of Jewish Americans.

The actual Federal Reserve Bank loans “fiat” money to the government, backed by nothing, literally pieces of paper or electronic transfers. “Fiat” is the Latin impersonal imperative of the verb “fieri.” It means “let it be,” implicitly followed by “because I say so.” In the instance, fiat currency refers to the scary notion that the dollar has value only because the government says it does.

The government commits itself to pay back the loan to the Federal Reserve Bank plus the interest. Statistics and number vary somewhat, but at the moment the outstanding debt is in the range of 25 trillions. This debt will never be paid back, but the government pays every year an interest on the debt to the Federal Reserve. This interest is obtained from taxes, that is, from the proverbial sweat of those who labor (and those who pretend to work but earn more than those who actually do).

I used this example because it is no secret that the Federal Reserve is under strong Zionist influence and control. In fact, and I quote from the Jewish-American magazine, Forward, “Paul Moritz Warburg, a German-Jewish immigrant who was one of the founding fathers of the U.S. Federal Reserve, had a fervent wish that his creation (in 1913), would be seen as one of America’s great monuments — like the old cathedrals of Europe.”

Continuing with the analogy, the Psychological Federal Reserve loans to the Congress and Senate the lies that congressmen and senators are charged and expected to use, diffuse and distribute, while pretending that they are true.

And like the fiat money of the monetary Federal Reserve, the lies of the Psychological Federal Reserve are backed by a baseless fabric of insubstantial nothing.

But in exchange for the popularization of the lies, the Psychological Reserve Bank will physically finance the pliant beneficiaries of the loan.

Interestingly, the first 8 major contributors to Hillary were Zionist Jews. And one, if not the major contributor to Trump, was the king of Las Vegas gambling, the arch-Zionist Adelson (rumored to have exchanged his multi-million contribution for the commitment to transfer the US embassy to Jerusalem.)

The largest overwhelming majority of Jews, though innocent of the US political, military and genocidal crimes perpetrated worldwide, function as a kind of “collateral” for the loan of the lies.

Or perhaps, more than collateral, blackmail. Said succinctly, “Be mindful, executive, to say and do what we (the Psychological Reserve Bank) tell you to do and say. Otherwise, not only you will lose the financial collateral, but we will unleash against you the phalanx of our co-religionaries.

For a co-religionary, rich or poor, practicing or atheist, to reject Judaism equates to reneging his own blood, his own DNA. Their situation has some similarities with that of the early Christian republic, which gradually formed an independent and growing state in the heart of the Roman republic.

All this, on a political-planetary level, helps explain the silence, when not the support, of the most atrocious actions of their Zionist leaders. It is as if the members of the US political machine, at the highest levels, operated with a gun at their head, “Obey or face political death.”

Evidence of the above is extant, though the Psychological Federal Reserve is so efficient as to ostracize and condemn those who dare to point it out.

As for Russophobia, it does not end here. The neo-cons accuse Trump of treason, calling for more anti-Russian sanctions, NATO’s ‘defensive’ exercises at the doors of Russia, etc.

Yet, the equivalent of the New York Times in Israel, the “Haaretz” newspaper, isn’t at all “Russophobic.” And since the sanctions do not involve Israel, Haaretz writes that the sanctions are actually an excellent opportunity for Israeli businessmen.

Besides, Netaniahou visits Moscow regularly and appears to be a good friend of Putin. A friendship that, outwardly at least, Putin seems to reciprocate.

To sum up, given the situation – as regards Russia, Russophobia, Trump, hatred of Putin by the Zionist neo-cons while he is befriended by Israel, etc. – it seems that a coherent explanation or a rational judgment are impossible. But truth and reason seldom find a favorable reception in the world.

Furthermore, taking experience into account, reason teaches us that there are things unexplainable by reason. Said more classically, there are more things in heaven and earth, dear reader, than are dreamt of in our philosophy.

The Essential Saker II
The Essential Saker II: Civilizational Choices and Geopolitics / The Russian challenge to the hegemony of the AngloZionist Empire
The Essential Saker
The Essential Saker: from the trenches of the emerging multipolar world
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