As Crisis Brews in the Balkans, the West Looks On

By Cameron Munter – Re-Blogged From https://Worldview.Stratfor.com

In the first six months of U.S. President Donald Trump’s administration, five foreign policy challenges have dominated the national and international spotlight. China’s expanding economic and military role, Russia’s tenuous relations with Europe and the Middle East, ongoing wars in Afghanistan and Syria, threats stemming from North Korea and Venezuela, and Europe’s future amid rising populist movements in the United Kingdom and France have taken center stage among the world’s policymakers.

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Who Will Protect the Next Olympics From North Korea?

By Austin Duckworth – Re-Blogged From Stratfor

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.

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Suddenly, “De-Dollarization” Is A Thing

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:

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In Praise Of The Whistleblowers

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.

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China to Ban Gasoline Powered Passenger Cars (Maybe)

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

David Fickling

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.

[…]

Bloomberg Gadfly

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Oil Rich Venezuela Stops Accepting Dollars

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?

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Outlook For The Dollar Price Of Gold

By Alasdair Macleod – Re-Blogged From http://www.Gold-Eagle.com

Now that gold has become overbought on Comex, the price is vulnerable to being trashed, yet again, by the too-big-to-fail banks. It is a familiar operation in gold futures markets, where speculators buying contracts protect themselves with stop-losses. All the TBTF banks need is a pause in the speculator’s buying and a little good news (bad for gold). Ideally, the active contract will be running into maturity, so the speculators are forced to put up or shut up: in other words, sell the contract, roll it into another later maturity, or stand for delivery.

Bearing in mind these speculators are running highly leveraged positions, greed turns to fear on a sixpence. The TBTF banks will have supplied the speculators with their longs by going short. From the moment you go long, you are trapped in a trader’s version of Hotel California.

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