The new year has brought renewed troubles for the already faltering relationship between the United States and Pakistan. On New Year’s Day, U.S. President Donald Trump issued a tweet accusing Pakistan of “lies & deceit” despite receiving $33 billion in U.S. aid for its cooperation in the war in Afghanistan. The next day, the White House announced that it would continue to withhold the $255 million worth of aid that had been earmarked for Pakistan in 2016, citing insufficient action against anti-NATO militants. And on Jan. 4, the White House said it would suspend $900 million in security assistance promised in 2017 and place Pakistan on a list of countries violating religious freedom.
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 Alasdair Macleod – Re-Blogged From http://www.Silver-Phoenix500.com
Britain’s general election went horribly wrong, with the Conservatives forced into a putative coalition with the Democratic Ulster Party. Theresa May’s failure to secure a clear majority has provoked indignation, bitterness, and widespread pessimism. The purpose of this article is not to contribute to this outcry, but to take a more measured view of the situation faced by the British government with regards to Brexit, and the consequences for Europe. In the interests of an international readership, this article will only summarize briefly the current situation in the UK before looking at the broader European and geopolitical consequences.
By Anthony Watts – Re-Blogged From http://www.WattsUpWithThat.com
Measuring the human impact of weather – WMO issues new records of weather impacts in terms of lives lost
The World Meteorological Organization (WMO) has announced today world records for the highest reported historical death tolls from tropical cyclones, tornadoes, lightning and hailstorms. It marks the first time the official WMO Archive of Weather and Climate Extremes has broadened its scope from strictly temperature and weather records to address the impacts of specific events.
By Jayant Bhandari – Re-Blogged From http://www.Gold-Eagle.com
As I write this in the morning of 9th November 2016, there are huge lines forming outside gold shops in India — and gold traded heavily until late into the night yesterday. Depending on who you ask, the retail price of gold has gone up between 15% and 20% within the last 10 hours.
Gold quotes in India – gold traded for as much as Rs 49,000 per 10 grams or US$ 2,294 per ounce
At some places, it was sold for as much as US$ 2,294 per ounce. That is, if you can actually find physical gold — gold inventories at stores are rapidly depleting. All of this happened well before the international price started to move up because of the election results coming out of the US.
Last night (8th November 2016), India’s government banned the use of Rs 500 (~$7.50) and Rs 1,000 ($15) banknotes. This pretty much made most currency-in-use illegal. Banks and ATMs are closed today. The government believes that doing this will help eradicate corruption and push counterfeit money out of circulation. According to the Indian government, the counterfeit money tends to come from Pakistan and helps finance terrorism.