In less than six months, the XXIII Olympic Winter Games will begin in Pyeongchang, South Korea. But with an increasingly militant North Korea located less than 161 kilometers (100 miles) away, legitimate concerns have arisen over the event’s potential disruption. Thomas Bach, the president of the International Olympic Committee (IOC), recently said he was closely monitoring the situation, adding that it would be a topic of discussion at the committee’s upcoming meeting in Peru. Even so, it’s hard not to wonder who will bear the responsibility of ensuring the safety of athletes and spectators in Pyeongchang. The answer has been constantly evolving for over four decades.
By John Rubino – Re-Blogged From Dollar Collapse
For what seems like decades, other countries have been tiptoeing away from their dependence on the US dollar. China, Russia, and India have cut deals in which they agree to accept each others’ currencies for bi-lateral trade while Europe, obviously, designed the euro to be a reserve asset and international medium of exchange.
These were challenges to the dollar’s dominance, but they weren’t mortal threats.
What’s happening lately, however, is a lot more serious. It even has an ominous-sounding name: de-dollarization. Here’s an excerpt from a much longer article by “strategic risk consultant” F. William Engdahl:
By Charles Thorngren – Re-Blogged From http://www.Gold-Eagle.com
Whistleblowers run a two-pronged battle – on the one hand they are lauded for their honesty in exposing wrongdoing in the fields in which they are involved – on the other, they are hated and despised for their actions by those who want to cover misdeeds, or preserve the status quo.
The world of finance has a long history of such characters – some, like Michael Lewis, the ex-bond salesman from Wall Street, who worked for Salomon Brothers in the 1980s and exposed the work practices and ethos which subsumed banks and trading houses – have made their fortunes by such whistleblowing.
Others, like Hervé Falciani, an employee of HSBC’s Swiss private bank, who opened the door onto the bank’s money laundering techniques, and gave details of the hidden accounts of 130,000 wealthy individuals to the tax authorities, was jailed for 5 years for his activities.
By David Middleton – Re-Blogged From http://www.WattsUpWithThat.com
The purveyors of greenschist (a geologically inspired euphemism for green sh!t) seem to have an obsession with a phrase that they clearly do not comprehend: Tipping point.
Electric Cars Reach a Tipping Point
Sep 10, 2017
Say goodbye to gasoline. The world’s slow drift toward electric cars is about to enter full flood.
China, one-third of the world’s car market, is working on a timetable to end sales of fossil-fuel-based vehicles, the country’s vice minister of industry and information technology, Xin Guobin, told an industry forum in Tianjin on Saturday. That would probably see the country join Norway, France and the U.K. in switching to a wholly electric fleet within the lifetime of most current drivers.
By Mark O’Byrne – Re-Blogged From http://www.Silver-PHoenix500.com
- President Maduro ‘ Venezuela will create a basket of currencies to free us from the dollar,”
- Oil traders ordered to stop accepting U.S. dollar in exchange for crude oil
- Order comes following calls from Russia and China to find alternatives to current reserve system
- U.S. Dollar accounts for two-thirds of global trade
- Venezuela has over ten-times more oil than United States
- Super powers are gradually turning to gold to avoid using world’s main reserve currency
- Are we seeing the beginning of the end for the U.S. dollar?
By Christopher Monckton of Brenchley – Re-Blogged From http://www.WattsUpWithThat.com
Open letter on behalf of the worldwide Catholic and Orthodox lay faithful in response to Pope Francis and Patriarch Bartholomew on climate change
A FALSE BALANCE is abomination to the Lord, but a just weight is His delight (Prov. XI:1).
Your Holinesses’ recent admonition to your flocks about climate and the environment, though it was at one level a practical attempt at rapprochement between two faiths whose religious beliefs are in essence identical, demonstrated a naïve, unbalanced, scientifically ill-informed, disfiguringly totalitarian and, therefore, environmentally destructive political partisanship that it was and remains Your Holinesses’ bounden duty to eschew.
Unrighteous write-off: signing away the rights of the poor
Re-Blogged From Worldview.Stratfor.com
The French government has the backing to potentially pass a broad labor reform package. During a press conference Aug. 31, French officials presented details on labor reform, including five “ordinances” (legislative acts similar to presidential decrees). French President Emmanuel Macron promised during his campaign to restore France’s reputation as a European power at the same level as Germany. These pro-business measures aim to increase France’s competitiveness and to help the second-largest EU economy.
The labor reform initiative proposes to give more flexibility to enterprises and aims to reduce unemployment from 9.4 percent to 7 percent by the end of the current legislature and presidency in 2022. The proposed reform includes changes to workers’ representation and contracts. Negotiation of salaries will take place at the enterprise level, instead of the sector level. French businesses would also be able to fire workers based on their economic impact domestically rather than internationally.