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The Bankster International

THE VINEYARD OF THE SAKER - 6 hours 15 min ago
by Mark Hackard

Geopolitical analysis, the art of explaining power relationships through the prism of impersonal geography, can be a helpful tool for observers of the Great Game – but it also has its limitations. A case in point is the renewed US-Russia confrontation. Think tanks and policy insiders easily sell the narrative that from the dark days of the Cold War to our own time, Russia and the United States are fated to play in a zero-sum contest for the future of Eurasia and the world. Deterministic theories, though, can be used to legitimize predatory policy, and pseudo-scientific formulae often conceal manipulations by parasitic elites. Scoring a fortune off human misery and mass death, plundering economic assets, and shaping entire societies in one’s own image all find justification in claims of historical inevitability and the necessity of “progress.”

While Russia and the United States can easily be cast as eternal enemies in the manner of Rome and Carthage, or Ivan Drago and Rocky Balboa for modern audiences, we should recall that the two states were originally allies. From the time of 1776, Russo-American friendship was a contributor to the peace and security of both nations for nearly a century and a half. Catherine the Great shrewdly supported the independence of the American colonists, who were able to mount a successful rebellion against an exploitative oligarchy acting through the British Crown. In the terrible cauldron of the US Civil War, Tsar Alexander II, liberator of the peasantry, sent his fleet to America’s Atlantic and Pacific coasts to deter British and French intervention schemes.

In Realpolitik, where expediency is the order of the day, alliances are defined by a common adversary. For both Russia and the United States, that adversary was not simply another nation-state like England or France, but a financial international bent on controlling the world through elaborate fraud, war, and revolution. Banking dynasties under names like Rothschild, and later Morgan, Warburg, and Rockefeller, had ascended to power in the West from the seventeenth century onward. Their planned global imperium of borderless labor and capital flows, today promoted as the Open Society by billionaire speculators such as George Soros, was already entering its initial stages of implementation. Thus the fledgling American Republic, an Enlightenment project but not yet under bankster domination, and Imperial Russia could unite for the freedom of their peoples and against the assaults of the Money Power.

What changed? In the early twentieth century the masters of usury struck back decisively against the United States and Russia, by stealth in the former case and an outright coup d’état in the latter. Through various machinations, the privately-run Federal Reserve Bank was established in 1913 to issue the US currency at interest, suborning institutions of government and crushing Americans with a national debt now counted in unfathomable trillions. The Great War was unleashed upon Europe in a nightmarish conflagration, and in 1917 the Russian Revolution, funded by the banking houses of London and Wall Street, installed a vicious Bolshevik regime – dependent on Western credit for the whole of its existence. As for the rest of the twentieth century, we witness globalist plutocrats’ use of dialectics, wielding ideologies as weapons and pitting nation against nation, in the Hegelian procession toward the World State.

Today the realization of that Novus Ordo Seclorum draws ever nearer. And as its grand strategist emeritus Zbigniew Brzezinski makes clear, Washington’s “indispensability” marks only a period of transition:

In the long run, global politics are bound to become increasingly uncongenial to the concentration of hegemonic power in the hands of a single state. Hence, America is not only the first, as well as the only, truly global superpower, but is also likely to be the very last.

Brzezinski artfully neglects mention of what is intended to supersede American unipolarity: planetary tyranny, a system of total population control and resource extraction. Moreover, all of this is being constructed in the name of “liberty” and “equality,” abstractions serving as mere rhetorical cover for a demonic will to power. It is the liberal program of the oligarchs that has erected an all-pervasive surveillance grid unprecedented in scope, and it is their program that aims to rob man of his faith, family, and heritage, abolishing all that makes him truly human. In the novel The Possessed, Fyodor Dostoevsky articulated this drive with prophetic pathos through his utopian theorist Shigalev, who “proceeding from limitless freedom,” would “bring about an unlimited despotism.” Pyotr Verkhovensky, the leader of the story’s revolutionary cell, exults: To level the mountains is a good notion, not a ridiculous one. I'm for Shigalev! We don't need education, enough of knowledge! There will be enough material for a thousand years, but obedience must be arranged. There's too little of one thing in the world: obedience. The wish for education is already an aristocratic wish. A little bit of family or love, and you have a desire for property. We will kill the desire: we'll unleash drunkenness, scandal, denunciation; we'll unleash unheard-of deviance; any genius we'll extinguish in infancy. All toward one denominator: total equality... The slaves must have rulers. Total obedience, total impersonality, but once every thirty years Shigalev will set off a spasm, and everyone will begin to eat each other to a certain point, just so that everything’s not boring.
Behind every effective revolutionary stands the financier who created him. Equality to the slaves, an equality of the graveyard, and to the moneyed elite – godlike power over the Cosmos. In exchange for ever more "inherent rights" and meaningless depraved spectacle, socially-engineered mass man forfeits his freedom and his soul. With the West conquered, now all of humanity is set for standardization through postmodern colonialism, covert-action NGOs, carrier battle groups, and killer drones. Any sovereign state resisting the march of progress must be destroyed.

At the Cold War’s end, a defunct Soviet Union was supposed to fold into the world controllers’ planned capitalist-communist synthesis, and minor “rogues” like Yugoslavia, Iraq, and Libya could be dismembered with impunity in the meantime. From the chaos, destitution, and demoralization of the post-collapse period, however, another Russia has slowly re-emerged, its people broadly nationalist and increasingly unashamed of their thousand-year ancestral faith, Orthodox Christianity (see footnote). Nothing could be more intolerable to the robber-baron superclass, who have already for the past century waged ruthless war against religion and organic cultural identity in the United States, Europe, and elsewhere to impose their desolating vision upon mankind.

Another round of US-Russia tensions might be unfolding, but such a clash was neither foreordained nor inevitable; between the two largely distant lands there is mutual nuclear deterrence and an absence of directly conflicting vital interests. Beyond inane sloganeering about democracy and human rights, more sophisticated Western strategists can cite new iterations of Halford Mackinder’s Heartland thesis or the latest Eurasian pipeline maneuvers as reasons to “contain” Russia. None of this accounts for a cosmopolitan oligarchy that sets policy, subsidizes scholarship, and manufactures consent in pursuit of its totalitarian agenda. In their quest to liquidate the American, the Russian, and every other unique people, the predators from the bankster international consider themselves above all laws human and divine. Yet the swelling arrogance of sociopaths brings about their downfall – and the sooner their crime spree comes to an end, the better chance we all might have for peace and reconciliation.
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Footnote: It should be noted that even Russia is still not free of the banksters in its own state apparatus, with the Central Bank and the Medvedev government under the influence of pro-Western liberal technocrats familiar with Putin from his days in St. Petersburg. With economic warfare waged by the international a present-day reality, it would be reasonable to expect a quick resolution to this problem in the near future.
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Important appeal for help to all Russian speakers!

THE VINEYARD OF THE SAKER - 8 hours 31 min ago
Dear friends and readers,

Today I am writing to you to appeal for your help.  By now it must be clear to everybody that what is taking place today is not just some "Cold War v2" or some "East-West tensions", but a full-scale total war between not only Russia and the USA, but  between the entire AngloZionist Empire and the Resistance (lead by Russia and the BRICS).  Make no mistake, this is not about the Ukraine or, even less so, about the Donbass.  This is about regime change in Moscow.  Ask yourself a simple question: what will happen to China, Iran, Latin America and the rest of the planet if the AngloZionists are successful and a Eltsin/Proshenko/Hollande/Abbot/etc-like figure takes over the Kremlin?  I am not saying that Russia today "is" the Resistance, but I am saying that Russia is absolutely indispensable for the Resistance.  If Russia loses this war, the Empire wins the planet.  And if Russia wins, that will be the end of the Empire. That is really that simple.

So far this war has been a 1% shooting war, 30% financial war and 69% information war.  But what is crucial is this:  these ratios can change.  Look at the devastation this 1% war caused in the Donbass and imagine what a full-scale 100% shooting continental war would do to our planet!  In fact, if we lose the information war the probability of these ratios changing for the worse is very high.  In other words, to avoid a continental shooting war we have to win the information war.

We all know that Russians are experts are shooting, adequate at finances and absolutely terrible at public relations.  I would argue that the volunteer blogosphere has done much more to explain the Russian point of view than the entire state-funded Russian media.  But with the informational battle heating up, we need help, a lot of help.

In this war, the single best "weapon" we have a direct translations from Russian into English.  Documents, speeches and official statements, of course, but also videos, commentaries, documents from the vibrant Russian blogosphere.  If the Russians knew anything at all about PR they would hire a firm with the sole task of translating this kind of material into Russian.  Such a firm could employ no more than 50 full time translators plus assisting personnel.  It would cost the Russian state budget pennies.  But they won't do it because they just don't "get it".

We will have to do it.  Pro bono.  

Because, above all, we don't want to be bystanders.

And we don't want a continental war.

So, I literally beg all of you who can translate from Russian into English, even if you are not professionals or if your English is not perfect (we have editors who will gladly help: please contact the Russian Saker Team whose appeal I am publishing below in English and Russian.  Please offer your assistance, even just for a few hours a week, to translate the huge amount of most important information we have in Russian into English (because English is the lingua franca of our planet).  Please help us stop an Empire gone crazy and hell bent on starting a shooting war with Russia.

Specifically, I ask you to do two things:

1. Contact the Russian Saker Team at editor@vineyardsaker.ru and offer them your services
2. Spread this appeal to any and all contacts you have who might help or even know somebody who could help.

Please don't be a bystander.

The Saker
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Shaking hands across the ocean

We, the volunteers of the Russian Diaspora, spontaneously organized ourselves into a group to help our historic Homeland of Russia. Our site is the Russian version of the parent English blog "The Vineyard of the Saker", which analyzes the current pressing issues in the world. The blog owner, The Saker, has extensive experience in military analysis, which is very popular in the English-speaking blogosphere.

Multiple language volunteer groups have decided to bring the Saker's blog to their readership. As of today, in addition to Russian, we have French, German, Serbian, Italian, Spanish (Latin American) and Oceania (Pacific) versions. This is truly an unprecedented case of volunteers from around the world spontaneously uniting to organize an opposition to the mainstream Western media's reporting of world's events.

The realization that we have been bluntly manipulated by certain global interests that are mindlessly pushing the world towards war and destruction, prompted us to join our voices to the growing world protest against the propaganda of violence and hatred. Exposing the thick wall of Western lies and trying to tell people the truth from the other side is the civic duty of every honest person.

We say NO to violence and wars around the world; we stand for peaceful coexistence, economic and cultural cooperation between our nations; and, we extend the hand of friendship to all nations, brothers and sisters all over the world!

We will be together only through the realization that we share common values and interests: the right to freedom, self-development, labour and education, the right to love and raise our children, the right to the TRUTH and LIFE.

The purpose of the unbridled Western propaganda is contrary to these rights and to befuddle our consciousness and identity, to divide us, to force us to hate each other, so we can be more easily crushed one by one.

If you support our call and want to help, please join our volunteers. We need people with various language skills to translate our material.

Please contact us at editor@vineyardsaker.ru.
Our sister blogs:

Original English: http://vineyardsaker.blogspot.com
French: http://www.vineyardsaker.fr
German: http://www.vineyardsaker.de
Oceania (Pacific): http://www.vineyardsaker.co.nz
Serbian: http://www.thesakersrpski.rs
Italian: http://www.vineyardsaker.it
Latin American (Spanish): http://www.vineyardsaker.es

Sincerely,

The Editorial Board of the Russian Saker

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Рукопожатие через океан
 
Дорогие друзья,

Мы – волонтеры российской диаспоры, спонтанно обьединившиеся в группу для помощи нашей исторической Родине России. Наш сайт является русским филиалом материнского англоязычного блога Балобана “The Vineyard of the Saker”, который анализирует современные насущные проблемы в мире. Владелец блога Балобан имеет обширный опыт военного анализа, который пользуется огромной популярностью в англоязычной среде.

Несколько языковых волонтерских груп решили расширить блог Балобана на свои читательские аудитории. На сегодняшний день, помимо русского, мы имеем французский, немецкий,сербский, итальянский, испанский (латиноамериканский) и Океания (тихоокеанский) филиалы. Это поистине беспрецедентный случай, когда добровольцы со всего мира спонтанно обьединились для того, чтобы противопоставить альтернативный западным СМИ взгляд на происходящие в мире события.

Осознание того, что нами откровенно манипулируют определенные мировые интересы, которые бездумно толкают мир к войнам и разрушениям, побудили нас к присоединению наших голосов к возрастающему хору всемирного протеста против пропаганды насилия и ненависти. Разоблачать плотную стену западной лжи и пытаться донести людям правду с другой стороны – это сегодня гражданская обязанность каждого честного человека.

Мы говорим НЕТ насилию и войнам во всем мире, мы – за мирное сосуществование, экономическое и культурное сотрудничество наших государств, мы протягиваем руку дружбы всем нациям, братьям и сестрам во всем мире!

Мы будем едины, только если мы поймем, что нас обьединяют общие ценности и интересы: право на свободу, саморазвитие, свободный труд и образование, право любить и растить детей, Право на ПРАВДУ и ЖИЗНЬ.

Именно против этого и направлена оголтелая западная пропаганда, целью которой является одурманить наше самосознание, разделить нас, заставить ненавидеть друг друга, чтобы потом раздавить нас по одиночке.

Если вы поддерживаете наш призыв и хотите помочь, присоединяйтесь к нашим волонтерам. Нам нужны люди для переводов с разных языков.

Пожалуйста, пишите нам на editor@vineyardsaker.ru.

Наши братские блоги:

Основной: http://vineyardsaker.blogspot.com
Французский: http://www.vineyardsaker.fr/
Немецкий: http://www.vineyardsaker.de/
Тихоокеанский: http://www.vineyardsaker.co.nz/
Сербский: http://www.thesakersrpski.rs/
Итальянский: http://www.vineyardsaker.it/
Латиноамериканский: http://www.vineyardsaker.es/

С уважением,
Редакция Русского Балобана
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Ukrainian Nazis and Chechen Wahabis now appear to be working together

THE VINEYARD OF THE SAKER - 13 hours 42 min ago
Interesting news this morning: Khasan Zakaev, one of the terrorist which organized and executed the 2002 attack against the Dubrovka theater in Moscow and an aid to Shamil Basaev was arrested in Crimea when he tried to enter from the Ukraine with false documents.

Khasan ZakaevI very much doubt that Zakaev wanted to visit Crimea to enjoy the beautiful sights, sample the local cuisine or to relax on the seashore.  Not coming from the Ukraine.  Not with fake documents.  In fact, I would argue that it is pretty darn obvious that if he took the huge risk of entering not just any Russian territory, but a highly monitored and secured one, he was there on a mission.

Considering the quasi-official Ukrainian support for Wahabism in Chechnia, it is also superlatively likely that the SBU knew about this mission and, at the very least, gave its tacit support for it.  After all, since members of the Ukrainian Rada did openly support the recent terrorist operation in Grozny, and since a former commander of the Azov death squad and now Member of the Rada openly called for the murder of Ramzan Kadyrov, it only makes sense for the Ukrainian Nazis to be sending Chechen Wahabis into Russia to commit more terrorist attacks.

Beautiful, no?  The US, the EU, NATO and their allies are now openly supporting a Nazi-Wahabi alliance against Russia.

Ramzan Kadyrov always calls the Wahabi terrorists "shaitans", or devils.  I think that this also fully applies to the rabid Ukrainian Nazis.  But if we want to be logical here, shouldn't this apply first and foremost to their masters?

Was the late Ayatollah Khomeini not absolutely spot-on when he spoke of the "shaitan-e bozorg", the "Great Satan"?

Would "Hizb-Shaitan" (Party of the Devil) not be an accurate descriptor for the AngloZionist Empire today?

The Saker
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The illegal arrest of Giulietto Chiesa - yet another example of European hypocrisy

THE VINEYARD OF THE SAKER - 14 hours 10 min ago
by Leonardo

On December 15, 2014 the Italian reporter Giulietto Chiesa, who had been invited to take part in a conference in Tallinn on Russian-European relations, was detained by the Estonian authorities for a few hours after being declared "persona non grata". Facts appear to point to a deliberate move on the part of the Estonian authorities meant to prevent the journalist from attending the conference, thus censoring the speech he was supposed to deliver.

Before diving into the facts, a little background info intended as a frame of reference. 
 
Giulietto Chiesa, journalist and MEPGiulietto Chiesa is an Italian journalist and former member of the European Parliament. He has been correspondent from Moscow for two different italian newspapers (La Stampa and L'Unità) for 20 years, since 1980. 

In Italy he is presently marginalized for his very critical opinions on a few issues which the mainstream media still consider as taboo. Chiesa is a member of the 9/11 Consensus Panel, a board whose goal is "to provide the world with a clear statement, based on expert independent opinion, of some of the best evidence opposing the official narrative about 9/11". He is also known for being very vocal in opposing western imperialism and the hysterical russophobia that is being spread by the mainstream media. He wrote many articles condemning NATO aggression against Libya, the destabilization of Syria, the eastward expansion of NATO and the western backed coup in Kiev.

According to the Estonian Public Broadcasting, Chiesa was invited in Tallinn on December 15, 2014 by the Impressum NGO to attend a conference titled "Should Europe fear Russia?". Apparently, Estonian authorities consider the Impressum NGO as a russian propaganda proxy. Chiesa had already spoken at Impressum events twice before.

According to Chiesa, he arrived in Tallinn at 12.45 and gave an interview to an Estonian TV channel, had lunch and then went back to his hotel room in order to complete the preparation for the speech he was supposed to give at 19.00.

One and a half hours before the appointed time, a group of four Estonian policemen knocked on his room's door and took him into custody, intimating him to follow them to the local police station. Chiesa was later informed that he was being detained because he was the target of an entry ban signed on 13 December 2014 and valid for one month. He stated that he repeatedly asked the police to show him the related documents but his requests were denied.  He was jailed for four hours, until the arrival of the Italian Ambassador, who managed to have him released a few hours later, after applying diplomatic pressure.

While the incident made the first page of a few Italian online newspapers it didn't get much attention on the Italian television networks, that at most mentioned it casually.

The incident caused some diplomatic friction between Italy and Estonia and the Estonian Ambassador in Rome was summoned by the Italian Foreign Minister looking for answers. 

It also prompted inquiries in both the Italian and European Parliament where a group of representatives (mostly belonging to the leftist list "The Other Europe with Tsipras") filed a protest against what they suspect might constitute an extralegal detention, a violation of the Treaty on European Union, the European Convention on Human Rights and the European Charter on Fundamental Rights.

The Estonian authorities perspective is that Chiesa is a security threat and the detention was justified.

Legal aspects notwithstanding, the detention of Chiesa clearly appears to be motivated by censorship and intimidation: the Estonian authorities are openly troubled by the Italian reporter opinions and they acted to prevent him from sharing them with the few hundred people who were attending the conference. The accusation that Chiesa is some kind of Russian agent of propaganda and as such is a threat to the Estonian state does feel like an excuse: if he really was an immediate and serious danger they would never release him after just a few hours. Which makes the urgency of the detention suspect at best. Also, the timing of the ban, just a few days before Chiesa was to attend the conference, suggests very strongly that the measure was surgically targeted.

What's really troubling - actually, outrageous - is that, no matter if laws were broken or the authorities abused their power, a EU country has infringed on the freedom of speech right of a European citizen, journalist and former member of the parliament. Apparently, the Estonian government - and not the Estonian citizens who could attend the conference and debate or criticize the speech - gets to decide what is Russian propaganda and what isn't. The message is crystal clear and even intimidating. Just think about how a much less renowned journalist could react after realizing that expressing any harshly critical opinion that doesn't measure to the standards of what the authorities consider legit criticism could get him/her branded as a security threat and a Russian agent.

It would also be interesting to know what the authorities of all the other western countries who maintain a heavy state sponsored NGO presence abroad think of the Estonian authorities attitude towards NGOs accused of being instruments of Russian propaganda. If they share the evaluation then how can the double standard be logically reconciled?

This incident casts another shadow on Europe and suggests that the tearing of the democratic fabric and the degeneration of the common sense that follows in the wake of the anti-Russian media campaign might be slowly spreading to the whole continent.
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Medvedev declares: more of the same

THE VINEYARD OF THE SAKER - 14 hours 56 min ago
Medvedev has just called a government meeting with most of the directors of top Russian corporations and the director of the Russian Central Bank.  He immediately announced that he will not introduce any harsh regulatory measures and that he will let the market forces correct the situation.  As for the former Minister of Finance, the one so much beloved in the West, Alexei Kudrin, he expressed his full support for the latest increase in interest rates.

The Atlantic Integrationist 5th column is clearly on a full-scale offensive.  This is far more dangerous than anything the US, NATO or the EU are doing.

The Saker
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Letter from Diogenes on Interest Rate and Russian Central Bank

THE VINEYARD OF THE SAKER - Tue, 12/16/2014 - 19:11
by "Diogenes"

Preamble: First of all, when I heard of Central Bank decision to increase the rate, I have to admit that number looks suspiciously familiar to me. Yes, I knew Central Bankers manual. If you wish I can send you this

That number 17% was used by my professor of macroeconomics who was lectured Central Bank staff consequently. It was in all American books on Macroeconomics, from 80s - old recipe how to fight inflation.

Paul Volker, then Governor of FED has to deal with double digit inflation from price shock, subsequent increase of liquidity and inflation expectations by the market - hike of crude oil prices caused by OPEC.

Paul Volker was appointed chairman of the board of governors for the Federal Reserve System in August 1979. The Federal Reserve board led by Volcker is widely credited with ending the United States' stagflation crisis of the 1970s. Inflation, which peaked at 13.5% in 1981, was lowered to 3.2% by 1983. Volker raised the Fed funds rate from 11 to 20% . Professor used exactly 17% interest rate in his lecture. Mr. Volker killed then double digit inflation (caused by plenty of liquidity) to 3% by 1981. Cost of that exercise was deepest and longest recession of US economy since WWII.

The Ladies that run Central Bank of Russia now are belong to macroeconomic sect dogmatic and they won't be able to change their mind quickly.

Consequences of the decision (IMHO):

1) IT WON"T STOP devaluation: Currency speculators wont be scared - they will continue to play against ruble because their collective efforts can push and depreciate ruble more then 17% in a day or two. Why to deposit ruble for a YEAR and earn 17% if one can make same return in a week?

2) Rate of 17% will be impossible burden on real sector industries and banks (except largest - with access to CBR refinancing) even so only very profitable business has margin big enough to afford loan at 20 plus%. Note: In 90s casino's were good borrowers of the Banks

3) Russian stock market will tumble. Stocks evaluation use cost of capital, so called WACC - weighted cost of capital, in denominator- higher rate is - lower stock price.

4) This is not a cure, but poison medicine. Rate increase is a wrong prescription for this situation. It will led Russian economy to deep and prolonged recession and they know it- this is written in their manual.

PS Central Bank will try to increase rate few more times to the range of 20% ( or 30%?) to no avail for exchange rate, unless those ladies are fired.

best regards

Diogenes
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The Oil Coup- US/Saudi dirty dealing- Equity Bubble Burst?

pennyforyourthoughts2 - Tue, 12/16/2014 - 19:08
Well I lied! Can't get away from this dam blog. Patient Hubby- :)

Anyway this just hit my inbox and it's a doozy. Ties in nicely with the preceding post- Ellen Brown: The Global Banker Coup- Bail ins and more
The latest- The Oil Coup- Mike Whitney December 16, 2014
US-Saudi Subterfuge Send Stocks and Credit Reeling“John Kerry, the US Secretary of State, allegedly struck a deal with King Abdullah in September under which the Saudis would sell crude at below the prevailing market price. That would help explain why the price has been falling at a time when, given the turmoil in Iraq and Syria caused by Islamic State, it would normally have been rising.” (Stakes are high as US plays the oil card against Iran and Russia, Larry Eliot, Guardian)U.S. powerbrokers have put the country at risk of another financial crisis to intensify their economic war on Moscow and to move ahead with their plan to “pivot to Asia”. Here’s what’s happening: Washington has persuaded the Saudis to flood the market with oil to push down prices, decimate Russia’s economy, and reduce Moscow’s resistance to further NATO encirclement and the spreading of US military bases across Central Asia. The US-Saudi scheme has slashed oil prices by nearly a half since they hit their peak in June. The sharp decline in prices has burst the bubble in high-yield debt which has increased the turbulence in the credit markets while pushing global equities into a tailspin. Even so, the roiled markets and spreading contagion have not deterred Washington from pursuing its reckless plan, a plan which uses Riyadh’s stooge-regime to prosecute Washington’s global resource war. Here’s a brief summary from an article by F. William Engdahl titled “The Secret Stupid Saudi-US Deal on Syria”:“The details are emerging of a new secret and quite stupid Saudi-US deal on Syria and the so-called IS. It involves oil and gas control of the entire region and the weakening of Russia and Iran by Saudi Arabian flooding the world market with cheap oil. Details were concluded in the September meeting by US Secretary of State John Kerry and the Saudi King…
..the kingdom of Saudi Arabia, has been flooding the market with deep discounted oil, triggering a price war within OPEC… The Saudis are targeting sales to Asia for the discounts and in particular, its major Asian customer, China where it is reportedly offering its crude for a mere $50 to $60 a barrel rather than the earlier price of around $100. That Saudi financial discounting operation in turn is by all appearance being coordinated with a US Treasury financial warfare operation, via its Office of Terrorism and Financial Intelligence, in cooperation with a handful of inside players on Wall Street who control oil derivatives trading. The result is a market panic that is gaining momentum daily. China is quite happy to buy the cheap oil, but her close allies, Russia and Iran, are being hit severely… According to Rashid Abanmy, President of the Riyadh-based Saudi Arabia Oil Policies and Strategic Expectations Center, the dramatic price collapse is being deliberately caused by the Saudis, OPEC’s largest producer. The public reason claimed is to gain new markets in a global market of weakening oil demand. The real reason, according to Abanmy, is to put pressure on Iran on her nuclear program, and on Russia to end her support for Bashar al-Assad in Syria….More than 50% of Russian state revenue comes from its export sales of oil and gas. The US-Saudi oil price manipulation is aimed at destabilizing several strong opponents of US globalist policies. Targets include Iran and Syria, both allies of Russia in opposing a US sole Superpower. The principal target, however, is Putin’s Russia, the single greatest threat today to that Superpower hegemony. (The Secret Stupid Saudi-US Deal on Syria, F. William Engdahl, BFP)The US must achieve its objectives in Central Asia or forfeit its top-spot as the world’s only superpower. This is why US policymakers have embarked on such a risky venture. There’s simply no other way to sustain the status quo which allows the US to impose its own coercive dollar system on the world, a system in which the US exchanges paper currency produced-at-will by the Central Bank for valuable raw materials, manufactured products and hard labor. Washington is prepared to defend this extortionist petrodollar recycling system to the end, even if it means nuclear war.How Flooding the Market Adds to Instability
The destructive and destabilizing knock-on effects of this lunatic plan are visible everywhere. Plummeting oil prices are making it harder for energy companies to get the funding they need to roll over their debt or maintain current operations. Companies borrow based on the size of their reserves, but when prices tumble by nearly 50 percent–as they have in the last six months– the value of those reserves falls sharply which cuts off access to the market leaving CEO’s with the dismal prospect of either selling assets at firesale prices or facing default. If the problem could be contained within the sector, there’d be no reason for concern. But what worries Wall Street is that a surge in energy company failures could ripple through the financial system and wallop the banks. Despite six years of zero rates and monetary easing, the nation’s biggest banks are still perilously undercapitalized, which means that a wave of unexpected bankruptcies could be all it takes to collapse the weaker institutions and tip the system back into crisis. Here’s an excerpt from a post at Automatic Earth titled “Will Oil Kill the Zombies?”:“If prices fall any further, it would seem that most of the entire shale edifice must of necessity crumble to the ground. And that will cause an absolute earthquake in the financial world, because someone supplied the loans the whole thing leans on. An enormous amount of investors have been chasing high yield, including many institutional investors, and they’re about to get burned something bad….. if oil keeps going the way it has lately, the Fed may instead have to think about bailing out the big Wall Street banks once again.” (Will Oil Kill the Zombies?, Raúl Ilargi Meijer, Automatic Earth)The problem with falling oil prices is not just mounting deflation or droopy profits; it’s the fact that every part of the industry–exploration, development and production — is propped atop a mountain of red ink (junk bonds). When that debt can no longer be serviced or increased, then the primary lenders (counterparties and financial institutions) sustain heavy losses which domino through the entire system. Take a look at this from Marketwatch:“There’s ‘no question’ that for energy companies with a riskier debt profile the high-yield debt market “is essentially shut down at this stage,” and there are signs that further pain could hit the sector, ” senior fixed-income strategist at U.S. Bank Wealth Management, Dan Heckman told Marketwatch. “We are getting to the point that it is becoming very concerning.” (Marketwatch)When energy companies lose access to the market and are unable to borrow at low rates, it’s only a matter of time before they trundle off to extinction.
On Friday, the International Energy Agency (IEA) renewed pressure on prices by lowering its estimate for global demand for oil in 2015. The announcement immediately sent stocks into a nosedive. The Dow Jones Industrial Average (DJIA) lost 315 points by the end of the day, while, according to Bloomberg, more than “$1 trillion was erased from the value of global equities in the week”.
The world is awash in cheap petroleum which is wreaking havoc on domestic shale producers that need prices of roughly $70 per barrel to break-even. With West Texas Intermediate (WTI) presently headed south of 60 bucks–and no bottom in sight–these smaller producers are sure to get clobbered. Pension funds, private equity, banks, and other investors who gambled on these dodgy energy-related junk bonds are going to get their heads handed to them in the months ahead.
The troubles in the oil patch are mainly attributable to the Fed’s easy money policies. By dropping rates to zero and flooding the markets with liquidity, the Fed made it possible for every Tom, Dick and Harry to borrow in the bond market regardless of the quality of the debt. No one figured that the bottom would drop out leaving an entire sector high and dry. Everyone thought the all-powerful Fed could print its way out of any mess. After last week’s bloodbath, however, they’re not nearly as confident. Here’s how Bloomberg sums it up:“The danger of stimulus-induced bubbles is starting to play out in the market for energy-company debt….Since early 2010, energy producers have raised $550 billion of new bonds and loans as the Federal Reserve held borrowing costs near zero, according to Deutsche Bank AG. With oil prices plunging, investors are questioning the ability of some issuers to meet their debt obligations…
The Fed’s decision to keep benchmark interest rates at record lows for six years has encouraged investors to funnel cash into speculative-grade securities to generate returns, raising concern that risks were being overlooked. A report from Moody’s Investors Service this week found that investor protections in corporate debt are at an all-time low, while average yields on junk bonds were recently lower than what investment-grade companies were paying before the credit crisis.” (Fed Bubble Bursts in $550 Billion of Energy Debt: Credit Markets, Bloomberg)The Fed’s role in this debacle couldn’t be clearer. Investors piled into these dodgy debt-instruments because they thought Bernanke had their back and would intervene at the first sign of trouble. Now that the bubble has burst and the losses are piling up, the Fed is nowhere to be seen. In the last week, falling oil prices have started to impact the credit markets where investors are ditching debt on anything that looks at all shaky. The signs of contagion are already apparent and likely to get worse. Investors fear that if they don’t hit the “sell” button now, they won’t be able to find a buyer later. In other words, liquidity is drying up fast which is accelerating the rate of decline. Naturally, this has affected US Treasuries which are still seen as “risk free”. As investors increasingly load up on USTs, long-term yields have been pounded into the ground like a tentpeg. As of Friday, the benchmark 10-year Treasury checked in at a miniscule 2.08 percent, the kind of reading one would expect in the middle of a Depression. The Saudi-led insurgency has reversed the direction of the market, put global stocks into a nosedive and triggered a panic in the credit markets. And while the financial system edges closer to a full-blown crisis every day, policymakers in Washington have remained resolutely silent on the issue, never uttering as much as a peep of protest for a Saudi policy that can only be described as a deliberate act of financial terrorism.Why is that? Why have Obama and Co. kept their mouths shut while oil prices have plunged, domestic industries have been demolished, and stocks have gone off a cliff? Could it be that they’re actually in cahoots with the Saudis and that it’s all a big game designed to annihilate enemies of the glorious New World Order?
It certainly looks that way.
An aside: I see many half wits out there presenting this as a Saudi war on 'shale oil'- It is not and never has been. The plot is bigger & more diabolical. Possibly moves taken, to "unwind" or just burst the latest bubble- THE EQUITY BUBBLE

WSJ- Yes, this is an equity bubble
“Make no mistake – this is an equity bubble, and a highly advanced one,” the bearish portfolio manager wrote in his weekly commentary. “On the most historically reliable measures, it is easily beyond 1972 and 1987, beyond 1929 and 2007, and is now within about 15% of the 2000 extreme.”Whew! Tomorrow is my day off and everyone has plenty of reading to catch up on!

Ellen Brown: The Global Banker Coup- Bail ins and more Whooping Cough hits California- 90% of patients vaccinated Canada revisits "Homeland Missile Defence" ? 
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Ruble Exchange Rate Fluctuations and the Economic War

THE VINEYARD OF THE SAKER - Tue, 12/16/2014 - 19:05
by Aleksei Kettunen
Translation to English: Petri Krohn

Russian ruble exchange rate changes have all the ingredients of success detective story. On Monday, 15.12. 2014 ruble weakened to a record low since 1998: the dollar cost 64 rubles and 79 rubles to the euro. In recent years, the price of an euro has been hanging around 50 rubles, or 5 000 rubles withdrawn from an ATM for a night of adventures in St. Petersburg would cost around 100 euros.

Last night, the Russian Central Bank raised its base rate drastically from 10.5 per cent to 17 per cent to curb currency speculation. The price of an euro during the day momentarily exceeded the limit of 100 rubles or 80 rubles for a dollar. Now at the end of the market day the ruble has slightly appreciated: $ 1= 72.60 rubles and 1 euro = 90 rubles. The official rates of the Russian Central Bank before tomorrow's market day are $ 1 = 61.15 rubles and 1 Euro = 76.15 rubles

What is this about?

The economic sanctions imposed by the US and the EU prevent granting of loans to Russian companies with a payment period of more than 30 days. As Russian companies have been borrowing money from the West the entire post-Cold War period at a lower rate of interest and the penalties now prevent loan restructuring and follow-up funding, these companies must now get euros and dollars to take care of their loans, thereby creating more demand for foreign currency in the Russian market and thus weakening the ruble.

Also, the fall in the price of oil reduces Russia's foreign exchange earnings, which in a situation of high demand for currency weakens the ruble.

The Eurasian Economic Union comes into force on January 1, 2015. Most likely at the same time the Russian ruble and foreign exchange markets will change drastically, and the Russian economy will take a distance to the dollar and the euro. Now the West is doing its best to weaken the ruble and thus destabilize the Russian economy and the political system before the end of the year. The maxima of the West is to prevent the emergence of the new economic union and closer cooperation within the BRICS. Taking into account the Christmas holidays, the West has little more than a week to succeed.

What are the Russian authorities doing? Trying their best to defend the ruble and the Russian economy. Their actions are limited by two factors: first, in this battle Russia's foreign currency reserves may be used only minimally (for which there are far better uses), and, secondly, the entire process must take place under the rules of the dollar-based global liberal economic model (because Russia will disconnect from the dollar system only later).

For the rest of the year the going will only get tougher. Even under the liberal economic model the Central Bank of Russia and the government have much stronger measures to stabilize and strengthen the ruble, which they probably will introduced as needed.

Russia will detach itself from the global dollar economy according to earlier plans .Until then it will continue defending the ruble. The West on its part will make every effort to weaken the ruble. What will be the end result? Time will tell – or the stars. I predict that next year will see a surprise!

What might this 2015 surprise be? 

The Russian government has already informed Russian banks that the amounts of reserve currency deposits placed by various ministries in Russian banks will be drastically less than during previous years. These funds will instead be used to finance various domestic infrastructure projects. All this means that the Russian government obsessed with saving during all the 2000s and 2010s will become a big spender investing in strategical domestic projects. This will considerably strengthen Russian economy.

Another factor will be the Eurasian Union.

The third factor is a combination of recent Russia-China, Russia-Iran and Russia-India megaprojects and financing from the New Development Bank NDB (formerly referred to as the BRICS Development Bank). Russian President, Government and Bank of Russia have consistently informed the market players that now is the time to concentrate on domestic markets and domestic financial resources. All this will probably mean the unlinking of Russian economy from dollar-dominated Western economy.

Enjoy the cliffhanger!
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Ellen Brown: The Global Banker Coup- Bail ins and more

pennyforyourthoughts2 - Tue, 12/16/2014 - 18:55
As mentioned last week-
Could or Would the US bail out it's own oil sector (and the banks)??At that time I refreshed readers memories on several previous posts regarding the bail in or haircut scenarioThere won't be a bailout. It will be haircuts. Remember? The plans have been made. 
This banker scam was first mentioned in 2013 and recently below- Going Global!
Links back to the two 2013 posts are included in the post from Nov 11/2014Banksters: Global Haircuts= Global Plunder. Legalizing the theft of your savings.Pt.1: Giving Canadians and everyone, everywhere a Cypriot Style Haircut- "to the wood"Pt.2: Giving Canadians and everyone,everywhere, a Cypriot Style Haircut- “to the wood”
So, here is Ellen Brown's take on this situation!



On December 11, 2014, the US House passed a bill repealing the Dodd-Frank requirement that risky derivatives be pushed into big-bank subsidiaries, leaving our deposits and pensions exposed to massive derivatives losses. The bill was vigorously challenged by Senator Elizabeth Warren; but the tide turned when Jamie Dimon, CEO of JPMorganChase, stepped into the ring. Perhaps what prompted his intervention was the unanticipated $40 drop in the price of oil. As financial blogger Michael Snyder points out, that drop could trigger a derivatives payout that could bankrupt the biggest banks. And if the G20’s new “bail-in” rules are formalized, depositors and pensioners could be on the hook.
The new bail-in rules were discussed in my last post here. They are edicts of the Financial Stability Board (FSB), an unelected body of central bankers and finance ministers headquartered in the Bank for International Settlements in Basel, Switzerland. Where did the FSB get these sweeping powers, and is its mandate legally enforceable? Continue reading at Ellen Brown's blog

You may also want to read this from Market Watch - How Obamacare helped Wall Street 

In passing a grand bargain $1.1 trillion spending bill, Congress approved an amendment that essentially puts taxpayers on the hook for bank bailouts. The change eliminates the so-called “push-out” rule, which was part of the Wall Street overhaul, the Dodd-Frank Act in 2010. The act specifically banned Federal Deposit Insurance Corp. or Federal Reserve protections to banks’ derivative losses.
In other words, in the watered-down Dodd-Frank Act, it was probably the most effective new law other than the creation of the Consumer Financial Protection Bureau.

Of course, the banks hated it. Not just any banks, the big banks. The five of the six biggest banks: Bank of America Corp. BAC, -0.77%  , Citigroup Inc. C, -3.07%  , J.P. Morgan Chase & Co. JPM, -1.23%  , Goldman Sachs Group Inc. GS, -1.20%  and Morgan Stanley MS, -1.14%  account for 96% of derivatives trading.
So, the banks essentially shifted their effort from repealing the “push-out” rule to simply jamming a repeal into the nation’s big annual spending bill. To that end, Wall Street found the perfect guy for the job: Kansas Republican Rep. Kevin Yoder. In a statement, Yoder said he introduced the amendment on behalf of farmers and regional banks in his district, which by the way, is mostly a suburb of Kansas City.
Yoder seems to have drawn inspiration not from the people of Overland Park, but Park Avenue: a Citigroup memorandum apparently was reflected in 70 of the 85 lines Yoder submitted in the amendment.
In an editorial, the Kansas City Star called Yoder’s amendment “regrettable” and stated the congressman aided a “nefarious goal.” You probably won’t be surprised to find out that Yoder took nearly $300,000 from financial companies and the real estate industry in the last election cycle. Wall Street represented more than 10% of his $2.1 million in fundraising, more than any other industry, according to Opensecrets org. But it would be unfair to simply blame Yoder. There could have been an outcry. Democrats of the Sen. Elizabeth Warren wing of the party. Anti-bailout Republicans of the Sen. Richard Shelby variety. There weren’t, or at least weren’t enough, of course. The amendment passed without a formal recorded vote amid heavy pressure from Wall Street. Jamie Dimon, the chief executive and chairman of J.P. Morgan, reportedly called lawmakers to urge passage of the spending bill in the week before the vote. Perhaps Dimon reminded his friends in Congress that the financial industry spent $1.2 billion in lobbying and campaign finance this election cycle. Or maybe, like Citigroup and Yoder, he was worried about farmers suffering from a lack of rain and the disappearance of a taxpayer backstop on credit-default swaps. You know, agriculture stuff.
Take it all in.. Christmas is almost upon us. The time when bankers and their lackies get the job done!
You should be aware....

Don't Miss!!!!
Whooping Cough hits California- 90% of patients vaccinated Canada revisits "Homeland Missile Defence" ? Something for everyone!  
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Whooping Cough hits California- 90% of patients vaccinated

pennyforyourthoughts2 - Tue, 12/16/2014 - 18:39
Sorry to cause anymore cognitive dissonance. Well actually, I am not! Vaccination has been sold to us as infallible. A panacea for all that ails us. And far too many believe such nonsense
Is such foolish belief a threat to the human species and it's survival. As our planet is fouled. Our food is degraded. Our water filthied.  Should we hold the misguided belief that vaccines are miracle cures. Or should we accept that first of all  we are deluding ourselves and even worse making weaker future generations. It's time to evaluate, with eyes wide open, exactly what we have done to ourselves, our food, our water and all that sustains us. Vaccines are part of that problem.
As we foul our bodies, we foul our environment, all those vaccines,  over many years, we have excreted  them right back into the ecosystem. Did you ever stop to think about that? 
I certainly have. If vaccines really worked as advertised  all the shots and all the vaccine filled water- we should be free of disease. Instead, we are growing weaker and sicker.


Whooping cough hits California
"We'd have to go way back to the 1940s to find more cases," said Dr. Eric McDonald, medical director of the epidemiology and immunization branch for public health services in San Diego County.
That's when whooping cough was common, causing hundreds of thousands of illnesses annually and thousands of deaths. But after a vaccine was introduced in the 1940s, cases dropped to fewer than 5,000 a year.
That vaccine was replaced in the 1990s because of side effects, which included pain and swelling from the shot and fever. The newer vaccine is part of routine childhood vaccinations as well as adult booster shots.
Last year was the nation's worst year for whooping cough in six decades— U.S. health officials received reports of more than 48,000 cases, including 18 deaths. This year the number of reported cases nationwide dropped to about 20,000.
After the 2010 epidemic, California launched a campaign about the importance of rapid diagnosis and treatment, especially in young infants. The state also started providing free vaccines for children, pregnant and postpartum women.
Dr. Gil Chavez, epidemiologist with the California Department of Public Health, said while more people, especially pregnant women, need to get vaccinated, he does not believe low inoculation rates are the primary cause of the current epidemic: Of this year's pediatric cases that had information on the child's vaccination history, only 10 percent of those infected in 2014 had not been vaccinated against pertussis.
That  means, very clearly, that 90 percent of whooping cough patients are completely vaccinated. 90 percent! And still they came down with whooping cough.
Categories: Blogroll feed

Canada revisits "Homeland Missile Defence" ?

pennyforyourthoughts2 - Tue, 12/16/2014 - 18:23
This one got past me. As I am sure it did many Canadians.
Via an email....


  MDAA Alert:  Canada Revisits Homeland Missile DefenseJune 3, 2014     The Canadian Senate Chambers Dear Members and Friends,

Deputy NORAD Commander Lieutenant General Alain Parent (RCAF) testified on North American missile defense issues before the Canadian Senate yesterday. The Canadian Parliament is currently reviewing its 2005 decision not to participate in the U.S. North American ballistic missile defense architecture. Two former Canadian defense ministers have stated that the time has come for Canada to become a full partner with the United States on missile defense.Canada's participation in the U.S. national homeland missile defense system would help facilitate quick decision-making and allow Canada greater access to intelligence on ballistic missile threats.Full participation would "allow Canadians to be in all domains at the NORAD/NORTHCOM command center." LGen Parent said during testimony.

"I would not be asked to leave the room if there was a discussion towards the subject of a ballistic missile defense engagement." LGen Parent said. "General Jacoby (NORTHCOM and NORAD Commander) could appoint me to be part of the decision-making in ballistic missile defense."

Currently, the U.S. Ground Based Missile Defense system (GMD) has 30 deployed interceptors in Alaska and California and can defend all of the United States as well as Canada from long range North Korean ballistic missiles. This GMD system has a limited number of interceptors, a high shot doctrine and a very high cost of engagement. With the continued growth and proliferation in long range ballistic missile threats against North America from places such as Iran and North Korea, as well as the technical miscues of all of the North Korean missile tests, it would seem prudent to Canada's national security to have a voice in the decision making of the ballistic missile defense system that is in place.  
Though not stated this is very clearly about targeting Russia through Canada!!!

Earlier this year in May, LGen Parent participated and presented in MDAA's NORAD/NORTHCOM Missile Warning and Defender of the Year Event in Colorado Springs for the Missile Warning Professional of the Year in 2014.


Watch Lieutenant General Alain Parent's Full Testimony:
  Lieutenant General Alain ParentImage links to Senate of Canada website. Click "view this clip" and select format. Testimony begins at 6:06. link Respectfully,

 Riki EllisonChairman & FounderMissile Defense Advocacy Alliance
  Missile Defense Advocacy Alliance.....Let's check them out?!An NGO, of course.  MDAA is a non-profit, non-partisan tax-exempt 501(c) (4) organization. Our mission is to make the world safer by advocating for the development and deployment of missile defense systems to defend the United States and its allies against missile threats. We are a membership-funded organization that does not advocate on behalf of any specific system, technology, architecture or entity. Founded in 2002, MDAA is the only organization in existence whose primary mission is to recruit, organize, and mobilize proponents to advocate for the critical need of missile defense. Visit our website www.missiledefenseadvocacy.org for more information So, how is this group funded??? Hmmmmm..... it seems a no brainer, but, I am to tired to dig in. 
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Karma or God's punishment - justice in Donetsk

THE VINEYARD OF THE SAKER - Tue, 12/16/2014 - 10:39
Listen to this Ukrainian Nazi, speaking in Russian with his fellow Ukrainians, explaining that there are no peaceful civilians in Donetsk but only collaborators of the enemy.  As soon as he is done spewing his hatred he gets hit by an artillery shell.  Call it 'karma' or remember the words of the 3rd Psalm "thou hast broken the teeth of the ungodly" but this guy sure got what he deserved.  See for yourself:

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Sayyed Hassan Nasrallah on the biggest distortion of Islam in history

THE VINEYARD OF THE SAKER - Tue, 12/16/2014 - 09:31
The horrible events in Pakistan immediately brought to my mind the barbaric attack by Wahabi Chechens against the school in Beslan.  It is amazing for me to see that, apparently, attacking schools and taking children hostage is a God-pleasing action in the sick minds of the human reptiles known as Wahabis.  They also love to slit throats, torture and, occasionally, eat livers.  Truly, this ideology which we can call Wahabism or, probably even more accurately, Takfirism is satanic in its very core.  Ramzan Kadyrov is very wise when he refers to these militants as "shaitans" or devils.  He is, I think, quite literally true.

Unlike the Anglo "coalition of the willing", the Russian and Syrian armed forces have done a superb job killing as many of these "shaitans" as possible, as have the truly Muslim Chechens.  But one can only kill people, not ideologies.  And Takfirism cannot be eliminated by Russian or Syrian guns.  Takfirism can only be defeated by Islam.  This is what Ramzan Kadyrov has done in Chechnia and this is what Hezbollah is trying to do in Lebanon and this is what Iran is trying to achieve in the Middle-East.

In this video, Hezbollah leader Sayyed Hassan Nasrallah explains the nature of Takfirism and the threat it poses to the Muslim world:

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The Russian Central Bank's "counterattack" lasted 30 mins!

THE VINEYARD OF THE SAKER - Tue, 12/16/2014 - 08:59
The result of the Russian Central Bank's hike in interest rates turned out to be worse then my worst nightmares: it reversed the downward spiral of the Ruble for only about half an hour, then the Russian currency resumed its collapse.  Rumor has it that the Central Bank might begin buying Rubles next, which I personally don't see as useful at this point.

I have asked for expert opinions and I hope to get them soon.  In the meantime, here is my own take on this which, caveat emptor, is backed by ZERO personal expertise in these matters.  Still, for whatever it's worth, my own speculations:

1) The Ruble is falling due to three completely separate reasons:
i) The recession in the West which triggers a drop in oil prices
ii) The AngloZionist pressures on OPEC not to cut production
iii) The impact of western sanctions

2) None of the above are enough to explain what is happening.  The real problem is the lack of credibility of the Russian Central Bank and the Kremlin.  Thus the key factor in the fall of the Ruble is distrust of the Russian authorities.

3) This distrust is fully deserved.  The head of the Central Bank is a notorious 5th columnist which Putin failed to fire, arrest or otherwise remove from that position.  But there is worse:

4) Putin personally is not trusted either, at least not on economic matters.  Dmitri Orlov put it very well:
Some people are starting to loudly criticize Putin for his inaction; but what can he do? Ideologically, he is a statist, and has done a good job of shoring up Russian sovereignty, clawing back control of natural resources from foreign interests and curtailing foreign manipulation of Russian politics. But he is also an economic liberal who believes in market mechanisms and the free flow of capital. He can't go after the bankers on the basis of ideology alone, because what ideological differences are there? And so, once again, he is being patient, letting the bankers burn the old “wooden” ruble all the way to the ground, and their own career prospects in the process. And then he will step in and solve the ensuing political problem, as a political problem rather than as a financial one.
Orlov, as always, is spot on here. Let me explain, as this is crucial:

First, yes, Putin is an economic liberal.  I hate to admit it, but I am convinced of it.  So while he is "socialist" in a sense of supporting a social state, which helps the poor, needy, sick or old, he also is a "market capitalist" in the sense that he believes that market forces should be left free to maximize the competitivity of an economy.  This might be a result of seeing a (pseudo-) socialist system fail or because he sincerely admires the competitivity of US and other (pseudo-) capitalist economies, I don't know.  But there is no doubt in my mind that he is an economic liberal.

Second, it would be typical Putin to let the "Atlantic Integrationist" 5th column to fail so badly as to make their removal a political demand of the Russian people.  The problem with that is that this strategic can take a huge toll on the Russian people and economy.

Right now the situation is so bad that the value of some high visibility Russian stocks has begun to plunge.  As does the Ruble.  As does the price of Brent.

I am not much of an economist, much less so a trader.  But I have to agree with the markets here: the current Putin+Nabiulina combo is not one deserving trust and if I had to speculate, I would speculate against Russia right now.

Maybe I am naive or primitive but I see only one way to reverse this death spiral: not only to fire Nabiulina, but to fully nationalize the Central Bank, fire the totality of its current top management and to appoint a new team with Sergei Glaziev as it's director with a rank of Minister of Finance.  Then Russia must take the strategic decision drop the current system of backing each printed Ruble with purchased US Dollar and instead back the Ruble with either energy or metals or a combo of real-word resources.  My own vote would go for gold.

The Saker
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Why Do You Think Dick Cheney Is In The "news" So Much Speaking FOR Torture? Because He Directed 911 From A Bunker Under The White House And Needed FALSE CONFESSIONS By Muslims Via Torture

bigdanblogger - Mon, 12/15/2014 - 22:21
Dick Cheney, neo-cons, and the Mossad did 911, and then the CIA tortured Muslims into false confessions (that's all that torture is for: FALSE CONFESSIONS) knowing they didn't do 911. False Flags like 911 blaming the Muslims persist to this day. See: ISIS.

When you talk about torture, you must keep in mind the CIA tortured Muslims and fully knew Muslims didn't do 911.


Timeline Of Dick Cheney's Actions On 911

CHENEY, HALLIBURTON, THE BUSH FAMILY, AND ASBESTOS - On 9/11: Was the Asbestos-Laced World Trade Center "Disposable"?

CIA tortured innocents to hide 9/11 false flag. Senate Report "Limited Hangout"

Norm Mineta was in the bunker with Cheney:



And here is the DEVIL HIMSELF about the recent torture report released. Think about how he was in on 911 while you watch his LIES here:





Fox Banned News 9-11 The Israeli Connection, Mossad, AIPAC, Art Students Spy Ring



The Magical Passport: the day I began to listen to REAL INDEPENDENT EXPERTS about 9/11, and not to politicized government agencies paid by the government (NIST), Magazine hucksters (Popular Mechanics, Michael Shermer/Skeptics Magazine), TV & radio characters, and slick anonymous websites (debunking 9/11)

MASSIVE BIN LADEN BULLSHIT

They Just Won't Stop The Team 6 Bullshit: We're not talking about Team 1, Team 2, Team 3, Team 4, Team 5, Team 7, Team 8, Team 9, or Team 10...we're talking TEAM 6!!!!!!

Playlist of every important 911 video on youtube:







Torture news:

Big Dan was writing about TORTURE long before the media suddenly wanted everyone to talk about it:

BIG DAN'S BIG BLOG March 23, 2013 - U.S.A.: 10 Years After Installing Bush/Cheney Policy Of Torturing People

BIG DAN'S BIG BLOG April 18, 2009 - I'm the Torturer (Bush) Sadistic, Un-American FUCKS!

BIG DAN'S BIG BLOG April 3, 2008 - Bush-Cheney Torture Lawyer: John Yoo

BIG DAN'S BIG BLOG April 23, 2009 - Americans Don't Torture, Republicans Do!!!

BIG DAN'S BIG BLOG November 7, 2007 - The Vote To Condone Waterboarding Torture

BIG DAN'S BIG BLOG November 3, 2007 - Torture-Condoning Democrats Schumer & Feinstein Will Vote To Approve Robert Mukasey (Alberto Gonzales II)

Report on CIA details 'brutal' post-9/11 interrogations

Code Name: Artichoke - The CIA’s Secret Experiments on Humans

The Nazis Used the Same “Enchanced Interrogation” Techniques the U.S. Did .. and Even CALLED IT the Same Thing. Nazis Called Their Torture “Enhanced Interrogation” Too

Guantanamo is being kept open – and innocent detainees imprisoned forever – in order to try to cover up the torture of innocents.

BUSH WAR CRIMES: Tortured at Abu Ghraib for being anti-Zionist: “The Man Behind the Hood”. Full Transcript of Ali Shalal's Testimony

On Feb. 7, 2002, Mr. Bush declared that the laws of war did not apply to Qaeda suspects. That decision opened the door for the C.I.A. to interrogate prisoners in previously unthinkable ways.











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Very bad news out of Russia and Novorussia

THE VINEYARD OF THE SAKER - Mon, 12/15/2014 - 21:17
Oh boy, today is a bad day for sure.  First, the Russian Central Bank has suddenly raised its interest rates from 10,5% to 17%.  I am dubious that this will do much for the Ruble (currently in free fall for many different reasons) but, boy, will that slam the breaks on a Russian economy which needs acceleration!  Not being an expert myself (I did get an MA in International Economics, but that was 30 years ago), I hope to post an expert opinion about that soon, so I will spare you my own half-ignorant guessing about what could happen next.  But from my admittedly amateur point of view, it sure looks to me like this decision will do no good and lots of harm.

Then there is more ugly infighting in Novorussia.  To make a long story short, Motorola was seen shaking hands with the commander of the Ukies at the Donetsk airport.  His gesture, which was an act of officer courtesy, was instantly misrepresented and a ugly PR campaign to trash him was initiated.  The only bright side to this ugly situation was the reaction of Givi who spoke in defense of his friend.  See for yourself:


[Sidebar: the more I see of Givi, the more I like him. He looks awfully young and even innocent, in a good way, but so far I believe that he as shown himself in a very positive light.  I have to admit that I fear for him, as he is playing a very dangerous game with a lot of very experienced and very evil people competing against him]

Yet again we see that the most formidable enemy or Russia is not in the USA or London, but inside Russia.  I don't see how Putin can take more of this without taking some kind of strong action.  I don't mean a coup, of course, but heads need to start rolling (figuratively, of course).  The 5th column needs to be smacked down before or Putin will be in danger himself.

As for the rump-Ukraine, bad stuff is happening there too.  The latest budget proposed by the junta is a recipe for a nightmare: massive social cuts combined with basically all the available money for the military and internal security.  It seems unlikely to me that this could indicate anything else but a firm resolve to resume hostilities and repressions.

I am getting this really bad "pre-explosion" feeling which I hate so much and which I usually experience before something bad happens.  By the way, I saw the info about a nuclear false flag, the info about the Israelis planning to re-settle Khazaria and about the airports being shut down in eastern Ukraine.  I don't buy the first two *at all*, as for the airports this could mean that the Ukie military might want to use them to rapidly bring in reinforcement of troops and equipment, possibly with NATO assistance.  Again, this is consistent with the "Ukies will soon attack" hypothesis.  This might also be away of provoking Russia which might be forced to destroy these airports in order to prevent a sudden surge of Ukie forces in support of an attack on Novorussia.  Not good.

I am still convinced that the AngloZionists are trying to force Russia to intervene in the Ukraine as this is their last hope to trigger a crisis big enough to mobilize as much as the world as possible against Europe.  Just like the sanctions, these latest moves by the Empire would not be so dangerous if Russia was not ruled by two groups fighting for power, one of which is apparently hell-bent on sabotage.

I sure hope that the Eurasian Sovereignists will strike back soon or things will get very bad very soon.

The Saker
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Syria: EU Jet Fuel Ban & Syrian Army takes back territory north of Aleppo

pennyforyourthoughts2 - Mon, 12/15/2014 - 18:30
EU jet fuel ban for Syria

The EU led by the UK is doing what it can to make the defence of Syrian territory from NATO’s terrorist mercs more difficult then it already has been! - Possibly readying for when NATO bombs kill Syrian civilians enmasse?
"Minister for the Middle East Tobias Ellwood welcomes the EU’s agreement to a UK-proposed ban on jet fuel exports to the Syrian regime.The UK has campaigned to take this step as jet fuel enables the Syrian regime’s air force to kill its own people, including with barrel bombs.
Minister for the Middle East Tobias Ellwood said:

Tobias Ellwood italicized
   “ We must do all we can to stop Assad killing his own people. ( Highly questionable, I would like the stats on that statement)  More than 200,000 Syrians have died and many more have been maimed or injured. (Thanks to NATO’s destabilization) A significant number (how many Mr Ellwood ?)  of innocent civilians – children, women and men – (how many have died at the hands of NATO's mercs whichever brand?) have died because the Assad regime’s air force has deliberately dropped weapons, including barrel bombs. This measure will ensure that no EU people or companies will be involved in jet fuel going to Syria. I urge all nations to ban jet fuel going to the Assad regime”
Like I said, this isn’t about saving Syrians. This is about making it easier for an eventual air campaign of mass slaughter with NATO's terrorists doing their worst, as they already have been, on the ground! The EU politicians are sickening beyond belief

Syrian army recaptures territory north of Aleppo in fierce fighting
Aleppo a beautiful city destroyed by NATO's global tyranny.Syria's army seized an area north of Aleppo on Sunday and killed insurgents as fierce battles raged over the strategic territory

Syria's second city is at the heart of clashes between pro-government forces and a range of insurgents, including al Qaeda's Syria wing, Islamist brigades and Western-backed rebels.

The United Nations Syria envoy Staffan de Mistura is seeking a local ceasefire in Aleppo to allow badly-needed humanitarian assistance into the divided northern city.
 I would think Syria is attempting to secure the area enabling them to control supply lines ahead of that nonsensical ceasefire proposed by the UN.

Pro-government forces captured an area east of al-Malah farms outside Aleppoand is now aiming to secure parts in the west and cut off insurgent supply lines into the city, the Britain-based Syrian Observatory for Human Rights said.

Syria's state news agency said the army was tightening its "grip on terrorists in Aleppo after new advances."It said pro-government forces had captured all of the al-Malah area as well as areas south and west of Handarat town in the countryside and reported that a "huge number" of enemy fighters had been killed.

Western diplomats have voiced concerns about the ceasefire plan, saying it could be used by the government to take full control of the city and force rebels to surrender.
The Syrian government. The elected government. Should do exactly as it is doing and keep the rats out of Aleppo as much as possible Because that’s what the ceasefire or 'freeze' proposal is all about- Getting more terrorists in and expanding the air campaign!

This nonsensical UN plan was discussed last time here on November 03/14
Freeze" the Syrian Conflict? Here's that truce I mentioned so many months ago  After it's first mention in August of this year. Yup 4 months ago!  We are walking back to August 28/14. A stroll down memory lane, if you will?

To a blog post entitled ISIS = Smoke & Mirrors. Giving cover now for strikes on Syria
If you didn't read it then, you may want to now? On that date, I made these statements and wrote them down for all the readers here
 "Here is how I see events falling into place based on the information at hand-

-The US will launch airstrikes into Syria.
-They are and have been laying the groundwork for sometime now.
- Creation of the petro state Kurdistan-
-Soften targets for an onslaught of Islamists, Kurds, Turks and whoever else they have holed up in Northern Iraq
-It is possible, once they have the territory for Kurdistan cleared of Syrians, they will then offer Syria a defacto truce that will be nothing of the sort."

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