Saudi Arabia Promises Concrete Proof Iran Behind Oil Attack

By Parisa Hafezi, et al of Reuters – Re-Blogged From IJR

Saudi Arabia said it would produce evidence on Wednesday linking regional rival Tehran to an unprecedented attack on its oil industry that Washington believes originated from Iran in a dangerous escalation of Middle East frictions.

But Tehran again denied involvement in the Sept. 14 attacks on oil plants, including the world’s biggest crude processing facility, that initially knocked out half of Saudi production.

Stringer/File Photo/File Photo/Reuters

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The Third World Is Imploding

In this interview with Maurice Jackson of Proven and Probable, Jayant Bhandari presents his world view and discusses how it meshes with investment in the precious metals markets.

Maurice Jackson: Joining us for a conversation is Jayant Bhandari, the founder of the world-renowned Capitalism and Morality seminar, and a highly sought-out advisor to institutional investors. Mr. Bhandari, welcome to the show, sir.

Jayant Bhandari: Thank you very much for having me, Maurice.

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Europe Circumvents U.S. Sanctions On Iran

By Frances Coppota – Re-Blogged From Forbes

Europe has found a way of circumventing U.S. sanctions on Iran. The governments of France, Germany and the United Kingdom have developed a special purpose vehicle (SPV) to enable European businesses to maintain non-dollar trade with Iran without breaking U.S. sanctions. That SPV, known as INSTEX, is now up and running.

The three governments announced the successful implementation of INSTEX at a meeting of the Joint Commission of the Joint Comprehensive Plan of Action (JCPOA) on June 28, 2019. The meeting was chaired on behalf of the EU by the Secretary General of the European External Action Service (EEAS), Helga Schmid, and was attended by representatives of China, France, Germany, Russia, the United Kingdom, and Iran.

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New US Sanctions Spark Blowback Against Federal Reserve Note Dollar System

By Clint Siegner – Re-Blogged From Gold Eagle

US leaders are demanding the rest of the world recognize economic sanctions and stop buying Iranian oil. The U.K., Germany, France, Russia, China, and India are among the nations who don’t fully support the sanctions and would rather not pay higher prices for oil elsewhere.

American officials more and more often resort to delivering ultimatums, both to adversaries and allies alike. Nations that do not follow orders stand to lose access to the US financial system and could face trade sanctions of their own. That is a serious threat.

The huge majority of international trading is underpinned by US. banks and the dollar. Other currencies and banking systems cannot offer the same level of liquidity and convenience.

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Slowdown Confirmed

By Mike Savage – Re-Blogged From Gold Eagle

I have had a rough time for the last few weeks coming up with commentary that has anything new to say. It seems that we are bombarded day after day with talk of trade wars, tariffs and counter-tariffs.

Just today, April retail and industrial production numbers came out in China and in the USA. To say the least, the numbers were uninspiring at best.

In the USA retail sales for April contracted 0.2%. Much of the weakness was in auto sales because taking the auto numbers out there was a .1% gain in April. Electronics and building materials also fell. US industrial production, which has been stagnant all year, was not expected to grow in April either. It still surprised on the downside contracting 0.5%. That is the largest monthly drop since May of 2018.

Durable consumer goods dropped 0.8%. What caught my eye, however, was production decreased for business equipment, construction supplies and business supplies. This appears to confirm that 500,000 less people are actually working today than were at the beginning of 2019 even though we have “full employment”. What a joke that is! The only reason production wasn’t hurt worse was an increase in defense and space equipment materials.

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I Take This Woman . . .

Re-Blogged From iPatriot

[This article contains very controversial information. If you are offended easily, continue to another article. -Bob

The  ]internet provides everything you’d want to know about courtships, weddings, married life, but few of them include the instructions on wife-beating.  There is a brief but enlightening film, produced by the Middle East Media Research Institute (MEMRI) and posted on Jihad Watch, of a Muslim sociologist who demonstrates the “proper” wife-beating technique.  Of course, the sociologist assures his audience that Islam is merciful, and that the man, the head of the household, should not have to beat his wife every day, and to do so lightly, never to hit her face or head, bruise, break bones or cause blood to flow (m10:12, Reliance of the Traveller, A Classic Manual of Islamic Sacred Law – ROTT).  But the cautionary statement rings hollow when the wife’s bruises will never be seen because she must be covered from head to toe.  And, should she become inured to the discipline’s sameness, there are other means of control and punishment available to him, all sanctioned by The Religion of Peace.

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US to Designate Elite Iranian Force as Terrorist Organization

By Thomson Reuters – Re-Blogged From Newsmax

The United States is expected to designate Iran’s elite Revolutionary Guards Corps a foreign terrorist organization, three U.S. officials told Reuters, marking the first time Washington has formally labeled another country’s military a terrorist group.

The decision, which critics warn could open U.S. military and intelligence officials to similar actions by unfriendly governments abroad, is expected to be announced by the U.S. State Department, perhaps as early as Monday, the officials said. It has been rumored for years.

The Pentagon declined comment and referred queries to the State Department. The State Department and White House also declined to comment.