Biden’s Economic Policies Threaten a Split with Europe

by Elena Panina via Foreign Policy
(machine translated from Russian)

The Anti-Inflation Act ($370 billion in subsidies for electric cars and clean energy) and the Chips and Science Act ($52 billion in subsidies for semiconductor companies) passed by Washington have caused discontent in Europe, writes FP.
Support under both laws is aimed exclusively at manufacturers in the US. In addition, gas prices in many European countries are already 10 times higher than in America
It has come to the point where EU Internal Market Commissioner Thierry Breton has said he will not attend the US-EU Trade and Technology Council meetings this week.
Individual countries are also unhappy. For example, the Dutch are not happy with the US demand to stop supplying chipmaking equipment to China. Their manufacturers, ASML and ASM International, would then suffer.
So far, Washington is limiting itself to verbal therapy but does not intend to change its laws on subsidies or its approaches to China.
It should be noted that Europe can no longer win back the gas.,It has lost the energy war. The freebies in the form of cheap Russian gas, which served as the engine of the EU economy, are over. But the Europeans did it themselves under pressure from the United States.
But what prevents the EU from adopting mirror laws to support its own producers? Maybe WTO rules (which the Americans comply with only when it suits them)?
The EU’s limited political subjectivity prevents it. Quod licet Jovi, non licet Bovi—what is allowed for Jupiter is not allowed for bulls.
The collective West is not homogeneous. It is grouped around an Anglo-Saxon nucleus represented by the US, Britain, Canada, Australia, and New Zealand. There are two notional belts around the core. The first has the EU, Japan, and South Korea. In the second, everyone else
It is a world of predators. The interests of the core always prevail. Therefore, the countries in the first and second belts serve as food for the Anglo-Saxons when resources are scarce.
That is what we are seeing in this case: an overflow of industrial companies from Europe to the jurisdiction of the United States.They are more needed there. And the Europeans will be outraged and eventually come to terms with their second-rate role.

Population Collapse – It’s Real and it Follows the Mandatory Vaccine

POTENTIAL DEFLATIONARY PRESSURE?

The article below delves into this topic. It is corroborated by many statisticians all over the world now and no matter how much the sheeple are told that deaths and increased cases of cancer, neurological disorders, and autoimmune disease are due to climate change, sex, coffee, gardening, and so on, more and more people are realizing that hey, if it walks like a duck and quacks like a duck, it’s probably a duck.
Something weird is happening with newborn deaths and miscarriages…
reports of miscarriage stillbirth by year
Birth rates have also collapsed and the “experts” are baffled. Earlier this year:

  • Germany: Down 12%
  • Taiwan: Down 27%
  • Britain: Down 9%
  • Netherlands: Down 11%

Then, of course, there is the alarming rise in deaths from “causes unknown.”
hey girl are you a booster shot because my heart just exploded
Still, you can’t have anything interfering with a very lucrative vaccination program and the Great Reset agenda and so “causes unknown” are likely to slowly but surely become something that’s just accepted — just like taking your shoes off at the airport. Ridiculous to any thinking person but simultaneously accepted and in fact justified in many sheeple’s minds. Perhaps this is where things head to. We have hope though as an awakening is certainly taking shape.
PIDS - post injection death syndrome
It’s hard to know how this may or may not play out over time with respect to populations. We’ve tracked vaccination rates globally since the beginning of the Covid scam and so that may be one predictive indicator. Then, of course, we’ve the fact that men in the West are increasingly encouraged to think they’ve vaginas and can give birth… and so birth rates among these “women” are going to be problematic.
What else on the repercussions of the Covid scam? Well, the FDA are walking back some of the propaganda previously laid out.
FDA are walking back some of the propaganda previously laid out
No, it wasn’t “just a recommendation.” You bastards actually banned it on the shelves. Over in New Zealand, folks can’t even buy it — even today.
Because…science.
In another “reveal:”
CDC confirms COVID Deaths among Americans aged 5 to 44 increased by 160% in 2021 despite roll-out of COVID Vaccines
That’s particularly disturbing given the fact that this age cohort has virtually no risk of death from Covid itself.
Keeping with the topic, the release of the documentary “Died Suddenly” was released.
documentary “Died Suddenly”
It garnered over 4 million views in the first 24 hours and is growing as I speak. It is worth a watch and share, though perhaps not while eating.
In any event, this is all something to keep our eye on (as if we didn’t have enough to be monitoring).

How Europe is Being Saved by Russian LNG (not American)

via John Helmer

HOT AIR VERSUS HOT CASH – THE EUROPEANS PREFER RUSSIAN LNG TO US LNG
johnhelmer.org

By Olga Samofalova, introduced and translated by John Helmer, Moscow
@bears_with

When Ursula von der Leyen (lead image) was nominated in 2019 to be Germany’s candidate to lead the European Commission, German politicians from her own party privately described her as too stupid and potentially too corrupt to be risked inside Germany during the political succession race to succeed Angela Merkel as Chancellor. German military sources say von der Leyen was the stupidest defence minister in German military memory.

Since the war began in February, von der Leyen did not say a true word until November 30, when she announced that Ukrainian military deaths had reached more than 100,000, and civilian fatalities more than 20,000. Within hours these numbers were removed from the published record of her speech. Von der Leyen’s admission implied the war toll of Ukrainian wounded is more than 300,000, and that the sum of military and civilian casualties has already reached half a million. Von der Leyen was confirming Russian estimates and contradicting the Kiev regime’s propaganda.

In September von der Leyen announced her support for a price cap on the international trade in exports of Russian pipeline gas and liquefied natural gas (LNG). Last month she said the European Union is “ready to go” with a price cap on Russian oil exports.

However, the European and Asian gas and oil trade is not only contradicting what von der Leyen is claiming; it is demonstrating they are profiting from her public lies. In the gas market there is new evidence that the French, Dutch and Belgian governments are allowing the purchase of record volumes of imported Russian LNG, and the re-export of this gas at a profit to other European states, including Germany. The arbitrage – that is, the profit from buying Russian LNG at the Russian selling price and then reselling it at a premium to European consumers – is so lucrative, the Chinese are diverting their contracted volumes of Russian LNG to Europe.

Olga Samofalova, the energy market analyst at Vzglyad , reported yesterday on how the markets are defeating the sanctions.

Source: https://vz.ru/

The translation which follows is verbatim, without editing. The illustrations and URL links have been added.

 WHY EUROPE IS BEING SAVED BY RUSSIAN LNG, NOT AMERICAN LNG

December 1, 2022
Text: Olga Samofalova

While pipeline gas supplies from Russia are under scrutiny, the European Union (EU) is quietly buying up more and more volumes of the other Russian gas – that is, liquefied natural gas (LNG). Europe’s costs of importing Russian LNG have soared to record levels, Bloomberg has discovered. How did Russia start supplying more liquefied natural gas to Europe and, most importantly, why do the Europeans themselves see nothing terrible in this?

As you know, Brussels has imposed a Russian coal embargo; an oil embargo will start operating in a week. A number of countries have refused pipeline gas supplies; others have let technical and bureaucratic problems of the “Northern Streams” take their course. They claim not to have noticed the destruction of the Nordstream pipelines or the way in which the Ukraine has been so unaffected by the present situation that it has restored the transit volumes of gas across Ukrainian territory.

At the same time, Europe’s costs for importing Russian LNG in 2022 have soared to a record level, according to Bloomberg. The EU has increased the purchase of LNG from Russia by about 40% over this year. The EU spent a record €12.5 billion ($13 billion) on Russian LNG from January to September – five times more than a year earlier. This is a bitter pill for many countries of the bloc, which imposed tough sanctions on the Kremlin in order to deprive it of funds to conduct its military operations in Ukraine, the western news agency writes.

Source: https://www.bloomberg.com/

Source: https://www.bloomberg.com/

As ship and port tracking data show, growing demand from countries such as France and Belgium has helped make Russia the number-two LNG supplier to northwest Europe this year. In the first place is Qatar, which traditionally supplies LNG to the European region. The current situation is that northwestern Europe accepts significantly more Russian than American LNG, although it was the United States which promised to save the Europeans with its gas after the removal of Russian pipeline supplies.

It should be understood that Belgium, the Netherlands and France accept Russian LNG, but then it is distributed throughout Europe. Among European countries, only the UK and the Baltic states have stopped buying Russian LNG.

Russian LNG will continue to flow to Europe, and most European countries are happy to turn a blind eye to this, says Anne-Sophie Corbeau, a researcher at the Center for Global Energy Policy at Columbia University. Because the EU is faced with a real physical shortage of natural gas, this leads not only to the high cost of the resource, but also to a reduction in the work of industry, and therefore of their demand for fuel.

There are two LNG plants in the north-west of Russia. These are Gazprom’s Portovaya and Vysotsky LNG. However, these are small plants; the first of them started working only this autumn. Accordingly, we are mainly talking about the supply of Novatek’s Yamal LNG to Europe. Initially, the Yamal LNG plant was counting on delivering its supplies to Asia, primarily to China. And until 2022, the main volumes from Novatek did indeed go there.

Why has the situation changed so much this year?

Firstly, for the first time, the European market, not the Asian one, has become the premium market for gas. Until 2022, gas prices in Europe were always lower than in Asia. Now everything is the other way around, so the growth in Russian LNG supplies is explained by the economic or commercial factor, says Igor Yushkov, a leading expert of the National Energy Security Fund, an expert at the Financial University under the Government of the Russian Federation.

The second point is that there are ice restrictions for the supply of Yamal LNG to Asia. “As soon as the navigation season on the Northern Sea Route ends, LNG can only be shipped to Europe. But when the premium market was Asian, often what happened in winter was that Yamal LNG was shipped to Europe by ice-class tanker, , then reloaded on a conventional tanker, and then this LNG cargo went through the Suez Canal to Asia,” explains Yushkov. But this year, all free LNG from the market is being vacuumed up, not by China, but by Europe.

“Therefore, even in the summer, when Novatek Yamal had the opportunity to supply LNG via the Northern Sea Route to the East, the main volumes still went to the European market for economic reasons,” Yushkov adds.

The third reason is the overall increase in the capacity of the Yamal LNG plant, where all four stages are operating at full capacity this year. The design capacity is about 16.5 million tonnes, but by the end of the year, much more will be produced – about 20 million tonnes.

It is noteworthy that almost 16 million tonnes are contracted and have been delivered under long-term contracts to the signing customers. But the gas which the plant produces in excess of these volumes is not under contract and this is going to the spot market. The owner of Yamal LNG, Leonid Mikhelson, has said that the company now earns more from these surpluses, which amount to about 4 million tonnes, than it earns from the contract sale of all the other 16 million tonnes.

This is easily explained. The contracts were signed when LNG prices were significantly lower than they are now. Buyers of Russian LNG under these contracts are in a very favourable position for themselves. But Novatek is already selling the “surplus” at spot prices – and they are many times more expensive.

Source: https://www.bloomberg.com/

“Even the Chinese company CNPC, which has a contract with Novatek, sells part of this LNG on the European market, acting as a trader,” says Yushkov. We are talking about the fact that it is profitable for a Chinese company to resell LNG to Europeans and get a favourable margin on the difference between the purchase price (which is prescribed in the contract) and the spot price at which Europeans buy.

Gas consumption in China has decreased, firstly, due to the ongoing lockdowns this year. Secondly, because of the increase in coal consumption against the background of the withdrawal of the European environmental agenda into the shadows. China has increased its own coal production and increased coal imports from Russia at attractive prices.

Thus, the growth of Russian LNG supplies to Europe is explained by economic factors. And that’s why the EU is quietly increasing its purchase and does not consider this a problem, whereas there is a constant chatter in European political circles about pipeline gas from Russia and the necessity of getting rid of it.

According to Bloomberg, the share of Russian pipeline gas in the region has decreased from 30% in 2021 to 10% in 2022. By contrast, the share of LNG in Russian supplies to Europe is now close to half.

“Europeans do not perceive LNG as a kind of national gas. They do not have the same negative attitude towards LNG as they have towards pipeline gas. Perhaps this is all because of the demonization of Gazprom, which has been obvious for more than a year now. This is because pipeline gas has always come from Russia and from Gazprom until now,” says Yushkov. Whereas LNG was initially perceived as the gas which would rescue everybody from Russian gas. First of all, the United States actively advertised its LNG as the salvation for Europe. In other words, the European perception is all about effective PR and the right headlines in the media, which help to form the public and political distinction between “good gas” and “bad gas”.

Source: https://ycharts.com/
Bloomberg has been reporting the surge in Chinese “discount” buying of Russian LNG.

At the same time, Yushkov notes that, in principle, the Europeans have not refused Russian gas, with the exception of several countries. This is despite the fact that European politicians have talked about reducing the Russian gas share and in a few years’ time abandoning it altogether. However, problems have arisen with the failure to deliver this gas through the pipelines. The reasons for that, as you know, are well known and quite different.

The Yamal–Europe gas pipeline was closed by the Poles due to the nationalization of Gazprom’s share in the pipe operator. Ukraine refused to accept gas through the Sokhranovka pumping station, so only Sudzha has remained.

According to the contract, 109 million cubic meters per day should go through Ukraine, and for now the flow is two and a half times less – 42 million cubic meters. The flow to Germany through Nord Stream-1 gradually stopped by September due to sanctions problems with turbines. The flow through Nord Stream-2 was halted due to the suspension of certification, and then both these pipelines were blown up — in seemingly safe waters of Europe right in front of NATO forces. Europe would be happy to buy Russian gas through the pipelines, but there is no possibility, Yushkov believes. The channels have been completely cut off.

More Observations on Russia Today

by Gilbert Doctorow

Excerpt

In this installment I offer both an observation that may be characterized as totally relevant to the ongoing war and an observation that is timeless and relates to what Russian society and behavior is all about. What these have in common is that they are firsthand observations, based on what I see and hear from real people in St Petersburg during this visit.

The first item comes from a 20-minute chat with a fellow who has been one of my best sources of information on the war thanks to his personal relations with siloviki, meaning in this case military intelligence officers, that go back to his college days and to his initial service as an administrator in the penitentiary system.

As many readers are aware, my pied à terre is a one bedroom apartment in the outlying Petersburg borough of Pushkin, which in pre-Revolutionary times was known as Tsarskoye Selo, literally, the tsar’s hamlet. Just 200 meters from our apartment complex is the Catherine the Great summer palace and park, which is a major attraction for both domestic and foreign tourists.

This area today is also home to an important military school which has students from Africa and other developing world regions enrolled alongside native Russians. There is a training base for helicopter pilots nearby. And there is a military hospital of national importance. It is from the latter that today’s news comes.

My acquaintance tells me that the hospital is now filled with wounded Russian soldiers from the Ukraine campaign, and in particular with maimed POWs who were released by the Ukrainian authorities in prisoner exchanges. The hospitalized include a good many traumatized soldiers who were savagely castrated or otherwise disabled by their Ukrainian captors.

If publicized, these cases would be far more inflammatory in broad Russian society than the horrendous video which circulated in social media a week ago showing the brutal execution of a dozen disarmed Russian POWs by jubilant Ukrainian soldiers. Clearly, the Kremlin is holding this back, lest detailed knowledge of the Ukrainian brutality unleash violent emotions in the Russian public.

In these circumstances, I call attention to the very difficult balancing act required of the Russian President. The man has nerves of steel. He is surely under great pressure from the patriotic hard-liners in the Kremlin who are au courant about the castrations and other evidence of Ukrainian depravity. One nod from Vladimir Vladimirovich and Kiev would be leveled to the ground in a matter of hours. It is tragic that Washington and Brussels confuse this restraint with incompetence, fear and other nonsense.

Time for the US to Fold Up Its Dollar Empire

by Alasdair MacLeod via Goldmoney,

In this article I examine the current state of the fight for hegemonic control between America on the one side, and Russia and China on the other. It is being fought on two fronts. Ukraine, the one in plain sight, is about to endure a winter without power and adequate food potentially leading to a humanitarian crisis.

The other front is financial with America facing a coordinated attack by Russia and China on its dollar hegemony. The Russians are planning a replacement trade settlement currency, which if it succeeds, could unleash a flood of foreign-owned dollars onto the foreign exchanges.
We have no way of knowing how advanced this plan is, but the indications point perhaps to a gold-based digital currency. Moscow establishing a new gold exchange, Asian central banks accumulating additional gold reserves, and Saudi Arabia seeking non-dollar payments for oil sales are all circumstantial evidence.
As well as these plans, there has been an underlying shift away from a long-term everything financial bubble, with the prospect of higher interest rate levels in time. The reasons for foreign ownership of fiat dollars are diminishing, and a successful new Asian trade currency will only add to the dollar’s woes.
Could this pressure compel America de-escalate Ukraine and sanctions against Russia? The argument to do so has become compelling. It is also a way to lower energy prices, giving central banks needed room for interest rate manoeuvre. 

Russia is making the most of winter

The evidence that Russia is intent on breaking the will of the Ukrainian people is mounting. As the snow begins to settle, Russia is knocking out the power generation necessary to keep people warm and alive. It is a modern variation on the medieval siege. But instead of surrounding a city or castle and starving the residents into submission, by making conditions impossible they expect the Ukrainians to leave.
Nearly eighty per cent of that unfortunate country’s population is Ukrainian, as opposed to Russian. But that is based on officially recognised national boundaries and is not adjusted for the regions Russia gained in the East, including Crimea, in 2014 and subsequently. That leaves a potential refugee problem of 34 million Ukrainians fleeing impossible energy-starved living conditions with scarce food as the cruel winter grinds on.

It takes two sides to make a proxy war. You wouldn’t believe it from the western media, but Putin has been careful to not escalate the situation into an official war and drawing NATO into direct confrontation. Instead, he is using the Ukrainian constitution which protects ethnic Ukrainians, but not minorities including Russian speakers. Effectively, they are denied human rights and gives Putin the excuse to rescue them.
This legal ethnicity in Ukraine’s constitution is unusual today, a feature shared with Nazi Germany. It allows the Russian propaganda machine to accuse the Ukrainian regime of being a Nazi state. Russia’s “special operations” were to rescue ethnic Russians in accordance with international law and explains why they have offered them Russian passports and safe passage from the Donbas and Kherson. Following acts such as the car bomb in Moscow which killed Darya Dugina, the daughter of a prominent Putin ally, and the bombing of the Kerch bridge Putin has accused Ukraine of terrorist acts for which Russia seeks retribution. Again, anti-terrorist activity is a device to avoid a declaration of war while justifying further action.
As the winter progresses, 34 million Ukrainians will therefore face the choice of becoming refuges or dying of cold and starvation. Now that the snow has arrived, the Russians have started targeting Ukraine’s energy supplies. The timing is no accident and the EU’s leaders can now envisage the likely consequences. But in relying on NATO for their ultimate protection, the Brussels establishment does not see Nato’s policy changes as its responsibility and so by going along with American’s leadership they have neglected their own interests.
But the Americans now appear to understand the looming danger of winter with no power. Doubtless, this is what led William Burns, the CIA’s director to meet his opposite Russian intelligence chief in Ankara two weeks ago. The official story was that Burns was there to warn the Russians not to resort to nuclear weapons and to raise the issue of US prisoners.[i] But there is little doubt that this back-channel meeting was to explore compromises before America finds itself a party to the cruel sacrifice of the Ukrainian population in a proxy war.

Negotiations will not be a slam dunk

In the great game of geopolitical strategy, bringing the Americans to the negotiating table can be chalked up as a win for the Russians. But it is not just about a proxy war on Ukrainian soil. Both Russia and America have overriding objectives. The Russians want to secure their western borders, which means American military withdrawal from all border nations at the least — Lavrov has mentioned 300 miles being the missile range. The US will undoubtedly resist these demands, because to give up effectively on its post-war role as the protector of Europe through NATO would be an open admission of defeat on the world stage. It would mean the end of US global hegemony, which the Americans are desperately clinging on to. Furthermore, it is a defeat that would enhance Russia’s power not just in the Western European arena, but through its partnership with China over the entire Eurasian continent.
From the US’s point of view, negotiations with Russia will probably turn out to be an exercise in damage limitation — like the withdrawal from Afghanistan. She needs to get to the table before the situation deteriorates much further. And other than the Ukraine situation they have three pressing problems to consider:

  • There is little doubt that the EU’s troubles will escalate this winter, with energy shortages, exorbitant food prices, and rocketing production cost likely to be the most severe test the EU has ever had to deal with. It comes at a time when the euro system faces instability which could take down major banks and expose the euro system itself as insolvent. Systemic risk would then almost certainly translate into an existential threat to the US banking system.
  • The US is fighting not one but two new hegemons in Russia and China which have teamed up to form a new Asian-based world order with commodity and raw material suppliers worldwide. Purely on a population basis, a rapidly industrialising Asia with its associated interests in the Shanghai Cooperation Organisation, the Eurasian Economic Union, BRICS, the whole of Africa and large swathes of South America outnumber the North Americans, NATO members, Japan, South Korea, and some less certain US allies by at least six to one.
  • The core of this Chinese-Russian partnership is determined to dispose of the dollar for trade settlement as far as possible. As one of the two parties behind the creation of the petrodollar, the Saudis are realigning themselves with the Asian trade bloc. Further moves in this direction are sure to undermine the dollar’s hegemony, the principal source of America’s power over other nations.

The EU dimension

You can tell that dissention is now evident in the EU, with the EU accusing the Americans of profiteering from the Ukraine war. This was from Politicoearlier this week:
The fact is, if you look at it soberly, the country that is most profiting from this war is the U.S. because they are selling more gas and at higher prices, and because they are selling more weapons,” one senior official told POLITICO.[ii]
The article goes on:
“The explosive comments — backed in public and private by officials, diplomats, and ministers elsewhere — follow mounting anger in Europe over American subsidies that threaten to wreck European industry. The Kremlin is likely to welcome the poisoning of the atmosphere among Western allies. We are really at a historic juncture,’ the senior EU official said, arguing that the double hit of trade disruption from U.S. subsidies and high energy prices risks turning public opinion against both the war effort and the transatlantic alliance. ‘America needs to realize that public opinion is shifting in many EU countries.’”
Realistically, America can only keep its principal EU allies on side if it addresses these concerns. Attributed almost entirely to sanctions against Russia at America’s behest and to Putin’s reactions to them, rising prices are creating political pressures on the ground likely to force politicians to seek an early end to sanctions. In this respect, time is on Russia’s side.

But it is not just in the EU that these pressures have arisen. The new global trend of rising prices is affecting the EU more than most, the European Central Bank having held its deposit rates in negative territory for a considerable period of time. Like other central bankers, ECB officials failed to plan for an exit route from interest rate suppression and are more badly wrong-footed than most central banks. It was a policy which encouraged commercial banks into risky territory.
Compressed lending margins forced major commercial banks to maintain profits by leveraging their balance sheets to record levels. The dead hand of negative rates, amounting to a tax on reserves held within the euro system was a burden on banks’ performance. While the increase in rates has initially been a profit bonanza for the banks, they are now exposed to losses from declining asset values and non-performing loans. And with the ECB’s deposit rate still only 1.5% when official price inflation is running at over 10%, far higher interest rates are inevitable. Unless somehow price inflation can be brought down significantly, the consequences will be to create huge losses for the banks from financial assets both on-balance sheet and in the form of collateral — losses that will wipe out shareholders’ capital.
The inflation problem is now manifest in an energy crisis arising from sanctions against Russia. To prevent the entire euro system being destabilised, the obvious short-term solution is to treaty with Russia. The removal of this source of rising prices would in turn reduce the outlook for euro interest rates, stabilising the entire euro system. We can be sure that the ECB and its network of national central banks will be pointing this out to their politicians.
Indeed, an ending of the sanctions would give stock markets and bond prices an almighty boost, at a time of growing concerns over a global recession. Let there be no doubt: the west’s policies against Russia are nothing short of suicidal. And politicians in Brussels would be blind not to see it.

The conflict between the US and the two Asian hegemons is escalating

From Russia’s point of view, America’s precipitative withdrawal from Afghanistan and the replacement of an unpredictable President Trump with an aging Biden, known to the Russians through his background in US foreign affairs, confirmed that America’s global influence was failing. For Russia, with Britain out of the EU it was a good time to escalate tensions between America and Western Europe to side-line America from Europe.
Putin has shown high level skills as a political operator — he had to have them in order to successfully navigate his way through the mess left by Yeltsin to a position of ultimate power. Before escalating the Ukraine situation, we can be certain he anticipated both American-led sanctions and calculated his response. That the Americans have tentatively signalled that they are now prepared to negotiate confirms the success of Putin’s Ukraine strategy. Now, with the onset of winter he can afford to wait. And the longer he waits, the greater the squeeze on Ukraine and the EU.
America is fighting this power game on two fronts: Russia and China. She cannot be too aggressive against China because the US is still mightily dependent on its economy. The US is resorting to selective technology bans and not much else. Having exported manufacturing supply chains to China and Southeast Asia, large US corporations cannot afford to see their supply chains undermined by aggressive foreign policies. Already, intentionally or not China is putting the squeeze on US corporates with its covid lockdown policy.
We can never be entirely sure of Chinese intensions, particularly with the enigmatic President Xi. With protests at lockdowns, western media portrays Xi’s administration as reverting almost to Maoist policies, a reversal of China’s recent march into capitalism. The treatment of Uyghurs offends us. But reform of covid policies was known to be on its way, and on Tuesday the announcement was made by China’s National Health Commission, giving new guidance to local administrations, which should ease lockdowns. 
The underlying problem for China’s government is that its economy is suffering a debt hangover from decades of overinvestment in domestic construction, secured by an exceptionally high savings rate. If the economy was left to its own devices, according to classical theory a debt crisis would destroy malinvestments and reallocate capital to more productive use. But with the large commercial banks under state control the policy will be more likely to ride through the transition of capital reallocation, whatever the cost.
The effect of a credit crunch is to heighten the urgency for state directed investment into other areas, particularly integration with other Asian nations. While we must not forget that there are significant political and cultural differences between China and Russia, American hegemony and trade policies have only served to tighten the bonds between them, so cross-border investment is an obvious priority.
The immediate economic consequences are damaging for China, with an economy which has become ex-growth. While this is a negative factor for the whole region, it could hasten pan-Asian integration to limit economic damage, and to take nations such as India, the Africans and now the entire Middle East further away from US hegemonic control. American allies in Southeast Asia will also be re-examining their foreign policies.
Looking through the immediate prospects for a global recession, we can see that the old world of stagnating economies is being separated from a new world of industrialisation. Independent developing nations are being drawn into the progressive camp, leaving a rump of failing nations living in the past.
So far, a confirmation of the end of US hegemony has been seen in the change of Saudi Arabia’s trade policy, whereby it has realigned itself to Russia and China, confirming its intention to join the BRICS organisation. With other Arab states following the Saudi lead, this confirms that the Gulf states see their future being bound up with the Russian and Chinese partnership. This is likely to be followed by nations in South-East Asia, which at the moment are sitting on the fence. But Indonesia’s recent hosting of the G20 meeting showed that the hosts appeared to be more worried about upsetting the Russians and Chinese than the US-led western alliance.
Member states of the European Union are beginning to face the same dilemma. They have gone along blindly with NATO policies without questioning them. The failure of NATO’s wars in the Middle East and Afghanistan, and the consequences of the overthrow of Libya’s Ghaddafi have all led to Europe’s refugee problems. Now, the economic sacrifice of NATO alignment is plain to see. EU leaders are muttering darkly about how the Americans are profiting from Ukraine while Europe is paying the price. 

The dollar’s hegemony is under threat as well

We know from official announcements that the Russian Chinese partnership, specifically through their membership of the Eurasian Economic Union, is planning to cobble together a new trade settlement currency. Due to currency sanctions against Russia, a sense of urgency has been imparted to the project, with other nations in Asia realising that retaining western currencies in their central bank reserves carries risk of sanctions. These risks are not merely restricted to the immobilisation of reserves in western currencies, but also restrict trade. The consequences of sanctions policy have been to force Asian governments to rethink about trade security as well.
At this stage, all we can do is to draw together some threads to determine the likely form of the new trade settlement currency Sergei Glazyev, the senior Russian official tasked with the project has proposed. An official statement dated 16 June from the committee which he chairs included the following statement:
“Sergei Glazyev informed about presenting in the near future the concept for forming the common EAEU exchange market, which, in particular, would involve the unification of exchanges’ information systems and the nomination of prices in national currencies. “The agenda includes the transition to a new stable settlement currency based on a basket of national currencies and exchange-traded products, as well as the creation of our own stable pricing system. Such principles should be applied in work not only within the EAEU but also throughout the SCO,” the EEC Minister concluded.”[iii]
The objective is for the dollar to be replaced as the settlement medium of intra-national trade. And the idea is that this new trade settlement currency will be open to be joined by other nations. If this project is successful, then the dollar will lose its status as the reserve currency for participating nations. 
As described above, the project is impractical, appearing to be a political statement designed to gain early support for the project. Elsewhere, we see proposals to set up a new Moscow gold exchange, purportedly to replace access to the London bullion market now denied to Russia and its refiners. But again, we see that the moving light is the same Sergei Galzyev, this time telling us that the demand comes from Russia’s bullion industry.
If it is to work, Glazyev’s original proposal to Eurasian states cannot proceed. The inclusion of national currencies in some sort of daily fixing does n0t guarantee stability, and every time another SCO member decides to join a whole rebalancing exercise would have to take place. The same considerations apply to “exchange traded products”, which from other statements we can take to refer to commodities traded between members of the scheme.
From being an inherently defensive move against US dollar hegemony, subsequent confirmation of Saudi intentions to switch payments from dollars to unspecified Asian currencies changes priorities. From convincing a coterie of Eurasian states, Glazyev’s prize is to persuade the Saudis and other gulf energy suppliers as well to accept the new trade settlement medium. Only a gold-based currency fits the bill. With their Bedouin roots in physical coin, a gold-based trade settlement currency acceptable to the Saudis would have the added advantage of dealing a significant blow against the dollar. 
The more one considers the situation, one can only conclude that gold is the logical basis for such as scheme, and Glazyev’s involvement in the new Moscow gold exchange suggests he has reached a similar conclusion. If that’s the case, then it will be necessary to back a gold fixing schemein such a way that participants can confidently retain balances in the new currency, even though it will almost certainly be digital in form.
Assuming that the scheme progresses towards fruition with gold representing commodity-based transactions generally, the requirement for retaining dollar balances will fall away. The impact on the dollar has to be our next topic.

Foreign dollar balances are simply enormous


As illustrated by the chart above, foreign ownership of financial assets including bank deposits totals nearly $30 trillion, down over $4 trillion since last December. Some of this is due to fluctuations in portfolio valuations, but clearly the foreign appetite for holding dollars is waning. If the Russia/China Asian bloc comes up with a viable trade settlement currency, both official ownership and private sector ownership of dollars will be less required, and ownership by foreigners will diminish further. 
Dollars will be sold for other currencies, to purchase bullion, or to build stocks of durable commodities. The global desire to sell dollars for other major fiat currencies was knocked on the head by currency sanctions against Russia. And we can be sure that the message about holding yen, euros, or sterling is widely received in all Asian nations. 
Therefore, US-led currency sanctions against Russia will probably backfire badly. With the dollar being sold for bullion and commodities, the value of dollars relative to bullion and commodities will obviously decline. It will be a trend readily understood by foreign holders, likely to drive the dollar down more rapidly than might be expected. 
It may be that the process has already started. So far this year, the dollar has gained against other major currencies due to the Fed having led other central banks into higher interest rates in an attempt to contain price inflation. Other central banks are now responding belatedly with their revised interest rate policies, and consequently the rising trend in the dollar’s trade weighted index has broken down from its previous uptrend. The chart below illustrates the dollar’s move so far.

Compounding the dollar’s problems are market suspicions that the Fed will be forced into a policy pivot as evidence of a recession mounts. While softening its line slightly the Fed still denies it, presumably for fear of encouraging yet higher consumer prices. Markets are betting that it is only a matter of time before the Fed is forced to call a halt to interest rate rises and reintroduce quantitative easing. The yield on the 10-year US Treasury note has fallen from 4.4% to 3.63%, while the CPI ‘sincrease slowed to 7.7% in October. 
Sanction-induced commodity and energy price rises have obscured a wider trend emerging from the end of the forty years of the financialisation of major western economies — the end of a prolonged everything bubble. Intractable government deficits are driving the debasement of currencies relative to the values of commodities. A new financial cold war between the hegemons is undermining the logic of supply chains across multiple jurisdictions. Just-in-time inventory management has become riskier. And while supply chain difficulties have lessened recently, the trade outlook has deteriorated, supply chain reform is on the cards, and commercial bank credit is long overdue its 10-year cyclical downturn. 

Managing foreign dollar liquidation

Assuming that foreigners act as outright sellers on a net basis rather than merely hedging existing positions, the buyers will be either the Fed in the case of official institutions selling, or commercial banks. 
When the Fed buys dollars, it reduces the liability side of its balance sheet, or redeploys repatriated dollars by buying assets. And since we are considering net selling by foreigners, those assets will be dollar-denominated assets in the domestic US economy. Whether the Fed reduces its balance sheet or buys domestic assets is a matter for economic and monetary policy.
Commercial banks will be acting principally for domestic US buyers, in which case there is no reduction in their aggregate deposit liabilities because the ownership of deposits merely changes. However, if they are not acting for domestic buyers but for themselves and deposits are being withdrawn, then they must reduce their balance sheet assets to match. They can do this by selling financial assets if they have them on their balance sheet, or by calling in loans. However, we know from US Treasury TIC figures that commercial banks have limited foreign currency loan exposure (i.e. balance sheet assets —in June, it was $687bn[iv]) and with other currencies having been weak they are unlikely to have unhedged on-balance sheet foreign currency financial asset liabilities in any quantity. Therefore, the bulk of private sector involvement is off-balance sheet and therefore the effect on outstanding commercial bank credit will be limited.
It would therefore appear to be mainly a problem for the Fed, and the impact on the dollar of foreign selling will only be lessened through the expansion of the Fed’s balance sheet. The chart below gives a clue of what the relevant impacts are likely to be.

We have ascertained that commercial banks will not be buying dollars from foreigners in sufficient amounts to affect their balance sheets materially. Instead, if foreigners decide the world is moving away from the dollar, the Fed’s balance sheet currently standing at $8.6 trillion will be exposed to a contracting foreign dollar mountain of up to $30 trillion. There is a leverage factor in this which could be substantial.
A further problem for the monetary authorities is that they increasingly expect a recession, even though it appears to be slow in arriving. A recession is a contraction in commercial bank credit, against which the Fed would expect to compensate by the combination of an expansion of its balance sheet and the government increasing its budget deficit. In other words, after fifty-one years of the dollar being totally fiat, and the dollar seeing demand on the basis that it is the only reserve currency, the ending of that period at a time when the US economy is entering a recession is the worst combination of events possible.
This is probably the most compelling reason for the US Government to seek to de-escalate tensions over Ukraine and dismantle sanctions against Russia. It would or should have been on the CIA’s William Burns’s mind when he met his opposite Russian number in Ankara a fortnight ago.
[i] See https://www.reuters.com/world/russian-us-officials-holding-talks-turkey-kommersant-2022-11-14/
[ii] See https://www.politico.eu/article/vladimir-putin-war-europe-ukraine-gas-inflation-reduction-act-ira-joe-biden-rift-west-eu-accuses-us-of-profiting-from-war/
[iii] See https://eec.eaeunion.org/en/news/sergey-glazev-imeyushchiesya-rezervy-rosta-neobkhodimo-konvertirovat-v-narashchivanie-vnutrisoyuznoy/
[iv] Line 1 minus line 2 at https://ticdata.treasury.gov/resource-center/data-chart-center/tic/Documents/bctype.txt

Not Even N95 Masks Work To Stop Covid

Authored by Ian Miller via the Brownstone Institute,

“The Experts™” have repeatedly tried to deflect from the failure of their policies with misdirection.

The reason lockdowns didn’t work in the United States or the United Kingdom is because they weren’t strict enough, according to many in the expert community.

Of course, their excuses have been conveniently ignored as China’s repressive zero COVID lockdowns have continued, with horrific consequences.

Now that mass protests have broken out in the country that “The Experts™” revered for their COVID handling, there’s a massive effort to disregard their own previous advocacy.

This is perhaps best exemplified by Canadian Prime Minister Justin Trudeau, who clearly used authoritarian measures to suppress the protests in his own country, while now supporting Chinese demonstrations.

The bewildering lack of awareness of their own hypocrisy seems to be a feature of COVID-obsessed politicians and public health authorities.

Another similar, oft-repeated assertion is that the failure of universal masking can be explained by the type of masks being used by the public.

Even though the CDC and Dr. Fauci explicitly claimed that wearing anything to cover your face would be effective at preventing transmission, many have now quietly dismissed that messaging.

Fauci specifically said that “cloth coverings work,” not just surgical or N95s. Former Surgeon General Jerome Adams famously suggested that rolling up a t-shirt in front of your face would be effective protection.

Yet public health departments and the media are now highlighting the importance of “high quality,” “well-fitted” masks. 

Their desperation to justify masking has led to remarkably poor studies being released to support their anti-science messaging.

There is new research that has been released showing that masks are ineffective, regardless of type.

And it’s not just new research, it’s high quality research.

Finally, Another RCT on Mask Wearing

The Annals of Internal Medicine just published a randomized controlled trial comparing the ability of medical masks to prevent COVID infection to fit-tested N95s.

Importantly, this trial was conducted on healthcare workers who would be most likely to use masks appropriately.

To determine whether medical masks are noninferior to N95 respirators to prevent COVID-19 in health care workers providing routine care.

That trial design was also important as it was meant to determine whether or not N95 respirators were superior to “regular” surgical masks.

They examined 29 different health care facilities on multiple continents, from North America to Asia and Africa.

The percentage of healthcare workers testing positive for COVID in each group was tracked to determine how effective or ineffective higher-quality masking was in preventing infection.

Unsurprisingly, the results confirmed that there is essentially zero difference between surgical or N95 respirators when it comes to tests results.

In the intention-to-treat analysis, RT-PCR–confirmed COVID-19 occurred in 52 of 497 (10.46%) participants in the medical mask group versus 47 of 507 (9.27%) in the N95 respirator group (hazard ratio [HR], 1.14 [95% CI, 0.77 to 1.69]). An unplanned subgroup analysis by country found that in the medical mask group versus the N95 respirator group RT-PCR–confirmed COVID-19 occurred in 8 of 131 (6.11%) versus 3 of 135 (2.22%) in Canada (HR, 2.83 [CI, 0.75 to 10.72]), 6 of 17 (35.29%) versus 4 of 17 (23.53%) in Israel (HR, 1.54 [CI, 0.43 to 5.49]), 3 of 92 (3.26%) versus 2 of 94 (2.13%) in Pakistan (HR, 1.50 [CI, 0.25 to 8.98]), and 35 of 257 (13.62%) versus 38 of 261 (14.56%) in Egypt (HR, 0.95 [CI, 0.60 to 1.50]). There were 47 (10.8%) adverse events related to the intervention reported in the medical mask group and 59 (13.6%) in the N95 respirator group.

52 of 497 participants who wore medical masks got COVID-19, and 47 of 507 in the N95 group got COVID-19. 

No matter how “high quality” your mask is, it’s entirely irrelevant.

The researchers also took pains to ensure that the control and treatment groups shared as many similarities as possible.

They excluded workers who could not pass a fit test, had laboratory-confirmed COVID, or “had received 1 or more doses of a COVID-19 vaccine with greater than 50% efficacy for the circulating strain.”

Yet none of that mattered; there was no difference in outcomes between the medical and N95 level masks.

The N95s in use were even specifically fit tested and approved respirators, far from the KN95s commonly used by the general public.

“Health care workers randomly assigned to the N95 respirator group were instructed to use a fit-tested National Institute for Occupational Safety and Health–approved N95 respirator when providing routine care to patients with COVID-19 or suspected COVID-19.”

It didn’t matter.

Even more importantly, these disappointing results were from facilities with universal masking policies in place.

Everyone, in each health care facility, “for all activities,” was required to wear masks. 

The intervention included universal masking, which was the policy implemented at each site. This refers to the use of a mask when in the health care facility for all activities, whether patient related or not, including in workrooms, meetings, and treating persons that were not suspected or known to be positive for COVID-19.

It still didn’t work.

They even tracked potential exposure points, whether at home, in the community or in hospital exposures.

There was no difference.

What’s even more impressive about the futility of masking is that outside of Egypt, the observed results occurred before the more contagious Omicron variant emerged.

There were substantial differences in results between countries, which indicates the impact of N95s might have been further muted had it covered the Omicron period.

Canada, which was observed pre-Omicron, showed the biggest “benefit” to N95s, while post-Omicron Egypt was nearly identical. 

It’s possible that the mild difference in Canada could have been erased entirely if subjected to the Omicron era.

On top of being functionally useless, N95s were substantially more likely to result in adverse effects.

According to the results page, there were significantly more reported issues in the respirator group:

“There were 47 (10.8%) adverse events related to the intervention reported in the medical mask group and 59 (13.6%) in the N95 respirator group.”

This becomes even more noteworthy since compliance with respirator masking was lower.

“Adherence with the assigned medical mask or N95 respirator was self-reported as “always” in 91.2% in the medical mask group versus 80.7% in the N95 respirator group and as “always” or “sometimes” in 97.7% in the medical mask group versus 94.4% in the N95 respirator group.”

While still extremely high, health care workers “always” wore N95s 80.7% of the time instead of 91.2% for medical masks.

This is one of the many issues the “experts” now pushing for (now disproven) “higher-quality” masking should address.

Health care professionals who are trained to use N95s can’t always use them yet experience higher rates of adverse effects.

Imagine how much worse compliance would be among the general public, especially if 13% are suffering significant side effects.

Results Show Expert Incompetence

This is yet another randomized controlled trial to show that masks do not work.

It also confirms the DANMASK study conducted earlier in the pandemic, which proved there was no benefit from masking in COVID prevention.

Even the Bangladeshi study, comparing villages, showed there was no benefit to masking at a population level. They used statistical misdirection and purposeful p-hacking to try and generate a positive result, and still could only get to a ~10% reduction for those over 50.

No matter the quality, no matter the compliance, masks are entirely ineffective at preventing transmission or infection.

The participants in this examination lived and worked in environments where universal masking was a requirement.

It didn’t matter.

This also examined health care workers, who, in theory, would be using and disposing of medical or N95 level masks properly. 

There was no difference. 

Now imagine how much worse the results would look for mask fanatics if it examined the Fauci-approved cloth coverings. 

If “The Experts™” actually cared about following “the science,” or “the evidence,” this would once again be the nail in the coffin for masking.

More like the 40th nail in the coffin.

We have observational evidence through population-level comparisons that masks do not prevent the spread of COVID.

We also now have multiple randomized controlled trials confirming that masks do not prevent the spread of COVID.

And we have extremely well done comparisons of neighboring jurisdictions confirming it.

All the mask fanatics have is politically motivated wishful thinking, desperate advocacy from disproven CDC “studies,” and a commitment to avoiding reality.

Fauci and his health authority allies have lied to the public repeatedly about masking. The obsession with credentialism and appeals to authority within the media has resulted in tremendous, unjustified harm.

You’d hope that results like these would finally end their ridiculous posturing, but it’s abundantly clear they’re too dug in to ever relent.

But thankfully those paying attention now have even more ammunition in the fight for the inarguable scientific reality that masks do not work.

The City of London

by LARRY ROMANOFF via Unz Review

You may be surprised to learn that the city of London and the City of London are two very different things, related to each other mostly by historical accident and geographical proximity, and co-existing today in a rather complicated power system in which the City of London appears gloriously victorious.

First, the City of London, a small area of about one square mile in size, was established as a haven by the Khazar “Jews” during their extermination from Khazaria nearly 1,000 years ago, and was named ‘London’ at the time. And yes, I know the Romans had been there first. The city of London, with the Bridge and Harrods, and the fish and chips and the people driving on the wrong side of the road, was established much later, adopted the same name, and gradually expanded with population until it completely surrounded the Jewish enclave of the City of London. You can see the positions and relative sizes from the map. When you read about “The Lord Mayor of London”, you are not reading about the chief executive of the city, but about the chief executive of the City. The City of London Corporation, with its square mile directly in the center of London, obviously owns some very expensive real estate, this in addition to a great deal of other property also in the city center, but this amounts to only perhaps $10 billion in total and, as we will see, is trivial.

The City of London is effectively an independent city-state * existing inside greater London.[1][2][3]
However, its nature is unique and complicated. It is not so neat and tidy as is the Vatican for example, which is clearly a separate sovereign entity nestled within the city of Rome. Still, the City of London has its own government and police force, makes its own laws and levies its own taxes. It has its own flag, crest, and ceremonial armed forces. I have seen one reference stating that the City also has its own port. I could not find an independent confirmation of this, but it would fit the pattern and the City does have some responsibilities for London ports, so this is plausible. If true, it would be stunning because that would mean that the City could bring in products of any kind including currency, precious metals, cocaine, and also people, without the permission or even knowledge of UK customs and immigration or the UK government.

  • In performing a search the other day, I was first met with a notice in capital letters telling me “The City of London is not a sovereign state”, followed by a small avalanche of websites all doing “fact-checking” and “misinformation-debunking” to assure me the City of London was NOT an independent anything. There is hardly a sign more certain that we are onto something important, than when 25 Jewish websites leap up to tell us “There’s nothing to see here”.

The City is the center and home base of the world’s banking and insurance industries. It is the home of the Bank of England (which was supposedly privatised but is still Rothschild-owned), the home of Lloyd’s of London,[4][5] and the literal head office of many of the world’s major banks (some of which you know and many of which you have never heard of). It still contains the home office of the former British East India Company,[6][7][8] which was always a Khazar Jewish company and undoubtedly the greatest criminal organisation in the history of the world – up to that time – and whose archives are still closed to the world for good reason. The City of London is also the home of the oldest Masonic Temple in the world. Our history books tell us that the origins of the Freemasons are lost to history, but that’s not really true. Freemasonry was a Jewish cult that was formalised in the City in the early 1700s.[9]

The legal-political relationship between the City of London and the UK is a bit murky. On one hand, the City is at least theoretically subject (or can be made subject) to at least some UK legislation, although in practice this seldom if ever has happened for reasons I will describe below. On the other hand, the City is so sovereign that the King of England himself is forbidden by both UK and City law to even enter the City of London without first obtaining a “special invitation”, which process is too complicated to bother discussing. The invitation ceremony is not required by law, but the invitation itself is.[10]

Readers may not be aware that democracies can have “flavors”, the UK version being one such with a very distinct flavor. In this case, on the floor of the British Parliament, directly facing the Speaker of the House, is a special chair.[11]
Think of it as a kind of throne. The person occupying this chair is a representative of the City of London, attended by six lawyers. His purpose is to monitor all debate in the British Parliament and to scrutinise in exhaustive detail all proposed and drafted legislation to determine any possible effect on the “interests” or operations of the City of London, and to take appropriate action if such interests are affected. The “appropriate action” inevitably results in the legislation being killed. This is not necessarily done by force, but by what we might term “lobbying”, sometimes by extortion, and often simply by an all-pervasive influence on British Politicians.

Lobbying and/or Extortion

There are many news articles available on the kind and extent of the lobbying done by the City to ensure compliance from the UK Parliament. The City’s financial services group spends well over $100 million per year on wining, dining, bribing, and sexually satisfying, UK politicians and regulators. One place for dining is the opulent Guildhall, which even high-level guests describe as “intoxicating” because of the sheer power sitting in that room.

There are well over 100 different City organisations and more than 800 people involved in securing stability, secrecy and a tax-free status for the City’s operations.[12][13]
These groups are repeatedly successful in reducing banking and insurance taxes that save them billions. They are also notably successful in killing proposed legislation for any kind of oversight or “watchdog” effort wanting to police not only banking activities but also quoted companies on the London Stock Exchange. They have even successfully killed a pension plan intended for low-paid and temporary workers. I have no idea how or why this proposed legislation would have affected the “interests” of the City, but they felt it did, and the legislation was scrapped.[14][15]

Many believe the City puts its interests above those of the nation, and of course they are correct, evidenced by a long string of such legislative “victories” over Parliament. “For almost 1,000 years, the City of London Corporation has resisted virtually every attempt by monarchs, governments or subjects to rein in its vast financial wealth and influence. Such is the Corporation’s political and economic influence that today some suggest the British state, rather than controlling the Corporation, is in fact subservient to it.”[16]
According to the Financial Times, “. . . because the corporation is entitled to special tax and legal privileges, this renders it an offshore island inside Britain and a tax haven in its own right, and gives those who own businesses within its borders a distinct upper hand over everyone else.”[17]
But it is also true that the Jews in the City have UK politicians so much in their pockets that even the UK Prime Minister will lobby against any regulation that might handicap the City’s financial crimes.[18]
The UK Labor party tried at one time to obtain election within the City, to have the power to repair some excesses from the inside, but failed.[19]

The City, Tax Havens, and Money Flows

The City of London is indeed a “tax haven”. This is not particularly germane to our main topic so I won’t dwell on it other than to state that the Jewish bankers who run the City do so in conjunction with almost all the world’s tax havens, with money flowing through those labyrinths in ways to disguise forever the source and ownership of funds. It is not a secret requiring quiet discussion that nearly all the world’s narcotics money comes home to the City to be laundered by the Jewish banks, notably the HSBC but others too. Equally, it is widely acknowledged that dictators, oligarchs, legal and illegal arms dealers, bank robbers, jewel thieves, sex slavery kingpins, and criminals generally will naturally funnel their money to the Jewish banks in the City for laundering, for anonymity, and for privacy and security. For hundreds of years, the City has been the safe depository of Jewish funds obtained from slave trading, tax farming, looting, opium and narcotics trafficking, and also the temporary haven for funds when Jews were expelled from various countries over the centuries.

To be sure, not all the money flowing through the City is from illegal criminal activity. About half of the daily $4 trillion in normal foreign exchange trading flows through the City’s Jewish banks, as do nearly 50% of the world’s derivative trading and 70% of Eurobond trading. And the London Stock Exchange is still the fourth-largest in the world, with much of this processing being legitimate and thus providing a good cover for the balance.

However, due to the unique relation between the City of London and the UK, the tens of trillions of dollars that flow into and out of the Jewish banks in the City each day do not appear in UK capital flows or transaction records and there is thus no way to know how much money enters, passes through, and leaves the City, nor is there any way to know the source or application of those funds. Whatever the original intent of the financial design of the City by its Jewish owners, one clear result is that the entire design is tailor-made for the benefit of organised crime of every nature. Currencies, gold and precious metals, financial certificates, are run through an enormous labyrinth of tax havens and then simply disappear into the black hole of the City’s Jewish banks, the secrecy fully-protected by the City’s “unique relationship” with its host country.

”Behind it all lies the City of London, anxious to preserve its access to the world’s dirty money. The City of London is a money-laundering filter that lets the City get involved in dirty business while providing it with enough distance to maintain plausible deniability . . . a crypto-feudal oligarchy which, of itself, is. . . captured by the international offshore banking industry. It is a gangster regime, cloaked with the “respectability” of the trappings of the British establishment. . . . guaranteed protection. No matter just how nakedly lawless their own conduct.”[20]
“The City is often now described as the largest tax haven in the world, and it acts as the largest center of the global tax avoidance system. An estimated 50% of the world’s trade passes through tax havens, and the City acts as a huge funnel for much of this money.”[21]
Here is an important website that contains many links related to the City of London and its use of tax havens to launder money.[22]

The Hydra

The hydra was one of the most fearsome monsters in Greek mythology, a multi-headed snake descended from a long line of terrible beasts, possessing deadly poisons and with the power of regeneration. A rather accurate description of the City of London today and its Jewish Khazar denizens, at least by some measures. The City of London is also the mother of all tax havens and is unquestionably the home of all the world’s dirty money today.

Here are several references that describe the City of London as “A Global Spider’s Web of Deceit”[23], one by the UK Guardian claiming that “Shrinking the City is the only way to stop the world’s criminals flourishing in the UK”[24], and two others of interest.[25][26]

George Monbiot wrote an excellent article for the UK Guardian[27] where he quoted Nicholas Shaxson’s Treasure Islands, stating that “the Corporation exists outside many of the laws and democratic controls which govern the rest of the United Kingdom. The City of London is the only part of Britain over which parliament has no authority.” His last comment may not be entirely true although it does work that way in practice. Monbiot says further that “the Corporation acts as the superior body” (superior to the UK Parliament), and that part is definitely true. Monbiot begins by writing, “[The City is] the dark heart of Britain, the place where democracy goes to die, immensely powerful, equally unaccountable.”

Monbiot cites Clement Attlee’s lament that “over and over again we have seen that there is in this country another power than that which has its seat at Westminster.” He continues that “The City has exploited this remarkable position to establish itself as a kind of offshore state, a secrecy jurisdiction which controls the network of tax havens housed in the UK’s crown dependencies and overseas territories. This autonomous state within our borders is in a position to launder the ill-gotten cash of oligarchs, kleptocrats, gangsters and drug barons.” All of that is very true, and the power of the Jews within the City have made impossible any effective regulation of global finance, American firms like AIG and Lehman Brothers simply moving to the City of London to carry out their off-balance-sheet criminal machinations that bankrupted so many people. American and other firms have often utilised the “services” of the City to evade the financial laws of their own governments. The City is, in real terms, a vast criminal enterprise run by gangsters.

It doesn’t seem widely-known that immediately prior to its financial collapse Lehman were selling their corporate bonds “backed by the full faith and credit of Lehman Brothers”, to unsuspecting investors who had no idea the bankruptcy was already virtually in motion. I don’t know where all these bonds were sold, but I know that billions of dollars of them were disposed of in Hong Kong, the money from these sales apparently disappearing into the bowels of the City of London.

Joseph Stiglitz also railed against the Jews in the City, telling UK legislators, “. . . these people are just using your rule of law to protect money they have stolen in other countries . . . From a global point of view, you are aiding and abetting theft.”[28] A British MP said that the City of London is “a magnet for dirty money”.[29] At the same time, the government’s Anti-fraud Minister resigned because the Jews in the City had once again killed legislation to combat economic crime by the City, saying that “nobody [in the UK government] cared about stopping kleptocrats, oligarchs and organised crime lords stashing their loot in the UK.” And another article telling us how the City remains a safe haven for all the world’s dirty cash.[30] Here is another interesting article from the UK Guardian, with a 5-step guide telling how the Jews in the City can help you get away with stealing millions.[31]

One indication of this is the UK’s Official UK Companies Register that is littered with fake names, because no identity checks are required. One corporation is registered, for example, in the name of “Holy Jesus Christ”, with his stated occupation as “creator”, his nationality as “Angelic” and his country of residence as “Heaven”. Another is in the name of “Adolf Tooth Fairy Hitler”, with a City sales firm in the name of “Donald Duck”, and so on. The UK government claims it hasn’t the resources to police the corporate registry, but the truth is they permit it to continue because it serves nicely the purposes of the gangsters in the City.[32] Controlling legislation was proposed, but the Jews in the City had it killed.

An article in the Eurasia Review called the City of London ”A Parasites’ Paradise, Or The Best Criminal Sanctuary Money Can Buy”.[33]
“London has become the center of global financial capital by engaging in long term large scale active collaboration with multi-billion-pound drug, arms, people smuggling and sex-slave cartels. The [Jews in the City] specialize in laundering funds from the Mexican, Colombian, Peruvian, Russian, Polish, Czech, Nigerian narco-kings. . . white slavers have their “private bankers” at prestigious City banks . . . kleptocrats, lifelong billion-dollar tax evaders, fleeing from their pillaged homeland.” It continues that “The City Boys” welcome “every gangster / oligarch”. It continued by stating, “The London Sanctuary for the world’s richest plunderers and parasites offers unprecedented services, especially protection from extradition and criminal prosecution at the site of their crimes.”

“Nowadays, . . . the City of London is an anachronism of the worst kind. The Corporation, which runs the City like a one-party mini-state, is an unreconstructed old boys’ network whose medievalist pageantry camouflages the very real power and wealth which it holds. The City of London Corporation ranks as a political power without rival in Britain, possibly in the world. It has used its power to exert enormous political influence to resist regulation and extract tax exemption. It has fostered criminality by ensuring that the City ranks amongst the least accountable of financial centers on the face of the earth.” The TaxJustice website calls the City of London “A state within a state; the most powerful self-interested political lobby in the world.”[34]

There is much more, including the Rothschild Bank’s financing of Zionism and the atrocities continuing in Palestine since prior to the founding of Israel, all through and under the auspices of the Jews in the City of London.[35][236][37] Also, Sinhalanet had an article you might find interesting, in which it is claimed that “three corporations run the world: City of London, Washington DC and Vatican City”,[38] and that together they control politicians, economies, and 80% of the world’s wealth.[39]

The King of England Meets His Master

North Americans seldom pay much attention to news details in the UK and might not be aware of the recurrent brief media campaigns about “Should the Monarchy be Abolished?” These normally emerge abruptly without warning or apparent cause, listing all the usual issues of a monarchy being an anachronism, the British Royal Family being a useless appendage to government, a needless expense, and so forth. They disappear equally suddenly, all the UK media silencing their peeps at the same time. These little campaigns are not accidents; they are “reminders” or, in some cases, a warning, by the gnomes controlling the City of London that they have the power to work the UK public into a frenzy on command and also the influence to introduce and push through Parliament a vote that would indeed disband the monarchy. This would leave the “King” and all his princelings not destitute or homeless, but alone, shunned, and unemployed.

Look at the photo of (then) Prince Charles and Evelyn de Rothschild, with smug Rothschild poking Charles in the chest. That is a very aggressive gesture, and not something one would do to a superior. Can you picture yourself walking up to your boss or the Chairman of the Board, poking him in the chest and saying, “I have something to tell you”? Definitely not. We would do this only to a distinct inferior, and someone we were bullying, almost treating with contempt. The gesture is not only to accentuate a point but is a kind of threat, one we might imagine a policeman making when issuing an order. From the photo, the relation between these two men is quite clear. We can’t know the topic of conversation but Rothschild is essentially telling Charles “this is how it is, and you don’t have to like it”.

But why wouldn’t Rothschild poke that little twerp in the chest? Charles is nothing to him, a convenient nuisance, a bit of a public shield, but no more. Rothschild has wealth that Charles can barely fathom, and power exceeding that of Charles by orders of magnitude, including over the UK Parliament and UK public opinion. Both men know Rothschild could dethrone the “King” at any time, that Charles as a Royal exists only at the Jews’ pleasure. Charles, the supposed “King of England”, can’t even enter Rothschild’s home or place of business without a specific invitation. How subservient can you be? It is the several Rothschilds, Sebag-Montefioris and others similar who are considered the real “royalty” of England, Charles, Andrew, Edward, being puppet-caricatures.

Who Owns the City?

Well, the entity is described as “The Corporation of The City of London” but, since this is a privately-owned company, we have no shareholder list. I am told there are 13 Jewish families who are central to this enterprise, the Rothschilds being the first among these. The City may well operate as a corporation in some senses, but could be more accurately described as a typical organised-crime family who are Lords of their own mini-state and effectively operate with virtually absolute impunity throughout the world. This impunity resolves primarily from their financial power, but secondarily from the political power and influence obtained by that financial power. It is hardly a secret that national governments like the US, the UK, France, Italy, Germany, the Netherlands, Canada and others are fundamentally and essentially Jewish-controlled states, with that control emanating from the City of London.

If we think of Jeffrey Epstein and his sex-entrapment enterprise that flourished for decades, it makes sense that the City of London would have been the source of the planning and financing. Epstein’s operation was definitely Jewish and worldwide, and there is no other candidate body in the world with an interest in controlling the politicians of all nations, at least not by that dirty means. If we think of the world’s mass media which is largely and increasingly Jewish-owned, and which is vitally necessary for the propaganda to control the standard narrative, it makes sense that increasing media control would arise primarily from this same source. This would clearly account for the development of the social and Internet media, almost dictating the necessity for the creation of a Google, a Facebook, a Wikipedia, an Instagram, a Telegraph, and the takeover of Twitter.

There is something else here, dealing with the intelligence agencies, primarily the CIA and Mossad although MI5 would almost surely fit into this. I have a copy of a document that was released by the CIA under a FOIA request. It is not a CIA document and it is not clear why it would have been in the possession of the CIA. The document is not redacted, but the original author is not identified. The salient point of this document indicates the existence of a group somewhere within the CIA that operates independently, acting under the auspices and authority of the CIA but with its own purpose and agenda unrelated to the remainder of the organisation. The document maddeningly lacks precise details but the implication is that this group does not report to any part of the CIA and that its activities may not even be known by the CIA executive. I had read of, or heard rumors about, such a group before, but this was the first bit of documented evidence of it.

Edward Snowden, in an article titled “The CIA is not your friend”, made reference to this as well. He wrote that after the creation of the CIA, “Within a year, the young agency had already slipped the leash of its intended role of intelligence collection and analysis to establish a covert operations division. Within a decade, the CIA was directing the coverage of American news organizations, overthrowing democratically elected governments (at times merely to benefit a favored corporation), establishing propaganda outfits to manipulate public sentiment, launching a long-running series of mind-control experiments on unwitting human subjects . . . and interfering with foreign elections.”[40][41]

This is a very large topic with so many interwoven threads that even a very long article could scarcely do it justice, but I wanted to raise one point about the secrecy, the agenda, and the lack of a CIA reporting chain. As one example, it had been reported in several places that neither the US Congress nor the White House had any knowledge of the “CIA’s” MK-ULTRA program. I covered this in much detail in a previous article on MK-ULTRA.[42] During Congressional hearings on an unrelated matter, one witness brought a colleague who began testifying on a bizarre mind-control program that was unknown to that date, which led to the exposure of MK-ULTRA – and the rapid destruction (so they said) of all related documents. The important point is that this enormous and horrific program, spanning decades, escaped external attention. MK-ULTRA was entirely a Jewish program. I have a list of the top 30 lieutenants of MK-ULTRA, from Gottlieb down, and all are Jews. This is not in dispute, and in fact I believe that of the top 50 or 60 people, only two or three at the most are not Jews. The question is how it would happen that an internal group of the “American CIA” would have had such a determined interest in such a horrific program and would have staffed it entirely with Jews.

A similar concern arises from the Congressional hearings conducted on the exposure of the “CIA’s” program, again spanning decades, of assassinating some 150 world leaders and senior politicians. Upon examination of the evidence of all those assassinations, it is by no means clear that many, or even most, of them would have been of any benefit to the US government. In fact, like the worldwide gold thefts conducted by the US Treasury Department in the 1930s, or the hijacking of Iraq’s oil today, it is easier to believe these were carried out on behalf of the “secret government” to the benefit of, and masterminded by, the City of London. Looking back on so many world events, it is by no means certain that any part of the US government would have had any interest in, or seen any benefit in, those activities. I can only speculate here, but if we assume all those activities, programs and events were carried out at the instruction of the gnomes in the City of London, everything seems to make sense, like a jigsaw puzzle where all the pieces fit perfectly together to make an overall picture.

We can recall that Jeffrey Epstein was spared from his first arrest because “he is intelligence” and “above your pay grade”. But as I pointed out above, there is no way the US CIA would have created a worldwide sex-entrapment scheme with or without the knowledge of any part of the US government. There would simply be too great a lack of both interest and benefit to any part of the US, and the only conclusion I can see is that it must have originated in the City of London where it would fit perfectly into the overall picture. In a similar context, the Boer Wars make no sense if we attribute them to Britain, yet England did send in her army to commit astonishing crimes and atrocities with no benefit whatever to England. But when we understand that this was done on order from the Jews in the City of London to take over all South Africa’s gold and diamond mines for a Rothschild, then all the pieces fit and everything makes sense.

Again, there are perhaps hundreds of articles and many books about the CIA importing heroin and cocaine and generally trafficking in drugs. Now, I have no illusions about the chastity of the CIA, and I’m sure many of their staff are sufficiently evil to do just this. But it doesn’t compute. It certainly is possible, but it doesn’t make sense that the “American CIA” would, entirely on its own account, become so deeply involved in international drug-running. But the Jews in the City of London cut their teeth on narcotics trafficking; in fact, this was the source of much of their initial fortunes. The Khazar Jews have always been among the world’s biggest drug dealers. Thus, if we attribute the drug trafficking to this central “private” core in the CIA that reports to the City of London, all the pieces fit together and everything makes sense. This would even explain why the HSBC is repeatedly fined so heavily in the US for laundering drug money; this is what the HSBC was created to do 150 years ago, and its headquarters are in the City. Even the small pieces fit perfectly.

Think again of the “CIA” assassination program. There is no way that the CIA by itself, rogue group or otherwise, would decide to kill 150 Presidents, Prime Ministers and other high government officials which, in the most part, would have no benefit whatever to the US. And no CIA group, rogue or not, would take it upon themselves to kill the Secretary-General of the UN, again with no apparent benefit to the US. But if we insert into this equation the political hegemony ambitions of the Jews in the City of London, the pieces again fit snugly together.

It is true this is speculation on my part. I cannot supply proof of these assertions. I have simply cobbled them together from logic and circumstantial evidence.

Caution is Advised

Certainly, these people are ruthless. There is no shortage of evidence that they will destroy anyone who challenges them and will kill anyone who threatens to expose or frustrate their plans. And this doesn’t apply only to Gentiles. They are equally ruthless to their own. You have read what they did to Dominique Strauss-Khan[43]
. It is important to note that this man was the Managing Director of the IMF and almost surely the next President of France, and yet he was very much an outsider, far from the center of power. As I mentioned in my article, he confided to his wife and others that “they are out to get me”. To use such terminology, we can understand these were not people who were close to him, but who were at the same time far above him, and he was clearly hoping he might be sufficiently insignificant they might just ignore him. He was wrong.

Jeremy Corbyn was similar. Former leader of the UK Labor Party, Corbyn earned the enmity of the Jews in the City and they destroyed him. He was permanently tainted as an anti-Semite, and absolutely trashed for his disobedience to the Jews and his good intentions toward the British people. The Labor Party state firmly that Corbyn will never again cross their doorstep because he is now “too toxic”.

There was another matter, with newspaper headlines some years back of “Amschel Rothschild Commits Suicide”. This man, a 6th-generation banking Rothschild, was slated to take the reins from his cousin Sir Evelyn Rothschild, as chairman of N.M Rothschild & Sons. His body was found by a chambermaid in a Paris hotel room. But there was nothing about this that made any sense. The first policeman on the scene told reporters that Rothschild was found with a rope around his neck attached to a bathroom fixture upon which he supposedly “hung himself”, but the policeman said he tugged on the rope and the entire fixture detached from the wall. He said there was no way the man could have hung himself because the fixture could support no weight, that the rope had been tied there afterward. That policeman quickly disappeared and the story was totally scrubbed from the Internet. I saw an email copy from Rupert Murdoch, instructing all his newspapers to state this “as a suicide, if you mention it at all”.

The official stories that followed, were all nonsense, too pathetic to even be termed lies. The UK Mirror was typical, saying “. . . it seemed the real noose around Amschel’s neck was his fortune of £18million”, that “huge riches and influence have not always brought great happiness”, and that of his great fortune “You could describe it as a gilded millstone”. His “great fortune of £18million”? That would buy two Ferraris, one Bugatti, and leave enough loose change for a bucket of Häagen-Dazs ice cream, but this “gilded millstone” led to such depression the man hung himself. Another story was that the man was depressed at the death of his mother, and so he hung himself. Others, and there were many, were equally stupid. Of all people, the Rothschilds would have had the influence to put nearly the entire Paris police force on the case and hunt every clue to the ends of the earth. But they didn’t. They simply told many foolish lies and buried it.

I do not know what really happened, but I have to say that when reading the initial police report and then the frenetic cover-up stories, my instinctive reaction was that this had to have been “a family hit”. We will never know. And it might not have been the first. Can you imagine committing suicide by slitting your own throat? Why not? The Rothschilds do it. According to the Jewish Telegraph Agency, “Nathaniel Rothschild, second son of the first Lord Rothschild committed suicide by cutting his throat. The specific reasons for the deed are not revealed.”[44] Nor are the reasons revealed for the stupidity of the method. Of all the options available for killing myself, cutting my own throat would not be my first choice. Here are some media reports. Decide for yourself.[45][46][47][48][49]

Where Do We Go From Here?

Nowhere, so far as I can see. Many readers like to see a solution offered. There is one. If King Charles could collect sufficient courage and a single-minded resolve, he could deal with it. He could commandeer the UK media and explain the situation to the people in a way that they could understand. If he were to do that, he would surely have the support of the entire country, and also of the military. Now, the UK army is admittedly nothing much, but even they have the military might to launch an all-out assault on an unprotected one square mile of urban landscape. Gather all the missiles and artillery, and completely demolish the City of London. Leave no stone resting upon another, and kill anything that moves. If the head and brain of the hydra are thus killed, the body would slowly die too. But this is a dream.

Mr. Romanoff’s writing has been translated into 32 languages and his articles posted on more than 150 foreign-language news and politics websites in more than 30 countries, as well as more than 100 English language platforms. Larry Romanoff is a retired management consultant and businessman. He has held senior executive positions in international consulting firms, and owned an international import-export business. He has been a visiting professor at Shanghai’s Fudan University, presenting case studies in international affairs to senior EMBA classes. Mr. Romanoff lives in Shanghai and is currently writing a series of ten books generally related to China and the West. He is one of the contributing authors to Cynthia McKinney’s new anthology ‘When China Sneezes’. (Chapt. 2 — Dealing with Demons).

His full archive can be seen at

https://www.bluemoonofshanghai.com/ + https://www.moonofshanghai.com/

Notes

[1] The Crown Empire and the City of London Corporation
https://wakeup-world.com/2013/11/05/the-crown-empire-and-the-city-of-london-corporation/

[2] The (secret) City of London is NOT part of the UK

[3] The City of London Corporation: the state within a state
http://taxjustice.blogspot.com/2009/02/corporation-of-london-state-within.html

[4] Lloyd’s of London – how does it work?
https://www.lewiswalsh.net/blog/lloyds-of-london

[5] LLOYD’S OF LONDON
https://thelondoncityguide.co.uk/lloyds-of-london/

[6] East India Company headquarters on Leadenhall Street
https://blogs.bl.uk/asian-and-african/2017/01/east-india-company-headquarters-on-leadenhall-street.html

[7] A Private British Company With Its Own Powerful Army Dominated India
https://www.thoughtco.com/east-india-company-1773314

[8] Controller Houses Of The East India Company: EIC Series Part IV
https://greatgameindia.com/controller-houses-east-india-company-eic-series-part-iv/

[9] London and Freemasonry
http://www.prayerforlondon.com/london-and-freemasonry/

[10] The (Secret) City Of London
https://www.cgpgrey.com/blog/the-secret-city-of-london.html

[11] City Remembrancer (2018)
https://www.parliament.uk/site-information/foi/foi-and-eir/commons-foi-disclosures/other-house-matters/city-remembrancer-2018-/

[12] City of London Corporation: a lesson in lobbying
https://www.theguardian.com/business/2012/jul/09/city-london-corporation-lesson-lobbying

[13] Bureau of Investigative Journalism – City of London; Revealed: The £93m City lobby machine
https://www.thebureauinvestigates.com/stories/2012-07-09/revealed-the-93m-city-lobby-machine

[14] City gears up to kill new finance tax
https://www.thebureauinvestigates.com/opinion/2011-08-26/city-gears-up-to-kill-new-finance-tax

[15] HMRC investigators home in on massive Square Mile tax avoidance scheme
https://www.thebureauinvestigates.com/stories/2014-10-30/hmrc-investigators-home-in-on-massive-square-mile-tax-avoidance-scheme

[16] Streets paved with gold: The council that works for banks
https://www.thebureauinvestigates.com/stories/2012-07-09/streets-paved-with-gold-the-council-that-works-for-banks

[17] How the City of London really does make up its own rules
https://www.ft.com/content/41dba03e-5d29-11e5-9846-de406ccb37f2

[18] The City of London: Capital of an Invisible Empire
https://taxjustice.net/2017/09/19/city-london-capital-invisible-empire/

[19] Labour candidates challenge City bankers’ elite that runs Square Mile
https://www.theguardian.com/politics/2009/feb/06/corporation-london-labour-party

[20] The City of London & Its Offshore Empire
http://theoccupiedtimes.org/?p=2332

[21] Corporate Tax Havens
http://www.prayerforlondon.com/corporate-tax-havens/

[22] UK & City of London – Centre of the World’s Tax Havens
https://www.betterworld.info/politics/europe-non-eu/britain/key-political-issues-uk/tax-dodging-tax-justice-uk/uk-city-london-centre-worlds-tax-havens

[23] Chapter 10 – City of London Tax Havens: Global Spider’s Web of Deceit
https://banking-pirates-london-city.blogspot.com/2016/06/chapter-10-city-of-london-tax-havens.html

[24] Shrink the City. It’s the only way to stop the world’s criminals flourishing in the UK
https://www.theguardian.com/commentisfree/2019/oct/29/shrink-city-london-criminal-financial-sector

[25] How the City of London really does make up its own rules
https://www.ft.com/content/41dba03e-5d29-11e5-9846-de406ccb37f2

[26] UK & City of London – Centre of the World’s Tax Havens
https://www.betterworld.info/politics/europe-non-eu/britain/key-political-issues-uk/tax-dodging-tax-justice-uk/uk-city-london-centre-worlds-tax-havens

[27] The medieval, unaccountable Corporation of London is ripe for protest
https://www.theguardian.com/commentisfree/2011/oct/31/corporation-london-city-medieval

[28] Stiglitz to tax haven UK: you are aiding and abetting theft
https://www.taxjustice.net/2015/05/28/stiglitz-to-tax-haven-uk-you-are-aiding-and-abetting-theft/

[29] London is a ‘magnet for dirty money’, says UK government’s anti-corruption tsar
https://www.opendemocracy.net/en/opendemocracyuk/london-magnet-for-dirty-money-says-john-penrose-governments-anti-corruption-tsar/

[30] London remains a safe haven for the world’s dirty cash
https://www.theguardian.com/commentisfree/2018/oct/11/london-haven-dirty-cash-unexplained-wealth-orders-money-laundering

[31] How Britain can help you get away with stealing millions: a five-step guide
https://www.theguardian.com/world/2019/jul/05/how-britain-can-help-you-get-away-with-stealing-millions-a-five-step-guide

[32] UK may ditch plans to stop fraudsters using fake names to run businesses
https://www.opendemocracy.net/en/opendemocracyuk/uk-may-ditch-plans-to-stop-fraudsters-using-fake-names-to-run-businesses/

[33] London: Parasites’ Paradise (Or The Best Criminal Sanctuary Money Can Buy) – OpEd
https://www.eurasiareview.com/11102012-london-parasites-paradise-or-the-best-criminal-sanctuary-money-can-buy-oped/

[34] The City of London Corporation: the state within a state
http://taxjustice.blogspot.com/2009/02/corporation-of-london-state-within.html

[35] War Profiteers and Israel’s Bank; A Primer
https://warprofiteerstory.blogspot.com/p/war-profiteers-and-israels-bank.html

[36] The return of Israel to its ancestral homeland” (at 8:50 in video).
https://www.youtube.com/watch?v=_FMVhjv42Gs

[37] Terrorism: How the Israeli state was won
https://mondoweiss.net/2017/01/terrorism-israeli-state

[38] Three Corporations run the world: City of London, Washington DC and Vatican City
https://www.sinhalanet.net/three-corporations-run-the-world-city-of-london-washington-dc-and-vatican-city

[39] The Constitution and the District of Columbia
https://www.heritage.org/the-constitution/report/the-constitution-and-the-district-columbia

[40] America’s Open Wound: The CIA is not your friend
http://www.informationclearinghouse.info/57259.htm

[41] The CIA is not your friend
https://edwardsnowden.substack.com/p/americas-open-wound

[42] CIA Project MK-ULTRA Updated
https://www.bluemoonofshanghai.com/politics/7928/

[43] Dominique Strauss-Kahn Revisited
https://www.bluemoonofshanghai.com/politics/8034/

[44] Nathaniel Rothschild Commits Suicide
https://www.jta.org/archive/nathaniel-rothschild-commits-suicide

[45] Mega-wealthy clan cursed by drugs and suicide
https://www.mirror.co.uk/news/uk-news/mega-wealthy-clan-cursed-by-drugs-and-suicide-351019

[46] Rothschild took his life after death of mother
https://www.independent.co.uk/news/rothschild-took-his-life-after-death-of-mother-1308817.html

Subscribe to New Columns

[47] Rothschild heir probably killed himself, say police
https://www.irishtimes.com/news/rothschild-heir-probably-killed-himself-say-police-1.66457

[48] Rothschild Bank Confirms Death of Heir, 41, as Suicide
https://www.nytimes.com/1996/07/12/business/international-business-rothschild-bank-confirms-death-of-heir-41-as-suicide.html

[49] Rothschild death was suicide
https://www.heraldscotland.com/news/12032609.rothschild-death-was-suicide/

Price Ceiling on Russian Oil is an Attempt to Shape a New Colonial System

by Claudiu Secara*

The imposition of a price ceiling on Russian oil is an attempt to shape a new world economic system by rigging the market in favor of the consumer countries. This way, the resource rich and productive countries are set up as a second tier subservient to the price dictates of the Dollar-emitting center. The so-called global market is to be replaced by the financial cartel’s full colonial domination. Its stages are :

  1. The creation of a consumer cartel, which includes most of the developed, rich economies. US, EU, Japan, Canada, Australia, and South Korea

  2. Creating a mechanism to control the purchase of oil from Russia at $60. That is, the price will not be determined by a market mechanism but by a hegemonic decision.

  3. A price correction occurs approximately every month. (Or every two months).

  4. This mechanism will be applied, if it works, against other oil-producing countries as well; Iran first, then gradually for everyone else, including the Arab countries.

  5. Then this cartel oil price mechanism will be applied to other natural resources and other states.

  6. Then it will be applied against goods from China.

  7. This is how Western civilization will establish an economic dictatorship of the consumer countries cartel on the rest of the world economy.

  8. This is what the fight is about now, not just stealing a few tens of billions from Russia.

  9. If this succeeds, the world market is to be replaced by an authoritarian, hegemonic driven world colonial system.

 

*on an idea from https://t.me/logikamarkova/4472

Global Warming? Northern Hemisphere Snow Cover At 56-Year High

via ZeroHedge
The COP27 climate change conference wrapped up last month. World leaders flew in private jets to Egypt to discuss how fossil fuels were quickly heating the planet to the point of no return, as humanity was doomed if crucial climate change policies weren’t implemented. But while the climate alarmist leaders met in the desert, November’s snowfall across the Northern Hemisphere was running at rates exceeding a half-a-century average. 

NOAA and Rutgers University released new data that showed snow cover across the Northern Hemisphere reached the highest level since measurements began in 1967 and are currently above the 56-year mean. 

Here’s the Rutgers Global Snow Lab snow coverage map across the Northern Hemisphere. 

And another from NOAA with more resolution. 

“Extensive snow extent early in the season is an indicator of persistent cold as we head into winter proper,” weather blog Severe Weather Europe said. 

Most mainstream media outlets overlooked this data because it is an inconvenient truth for the climate change narrative they’re pushing. 

A severe winter for the Northern Hemisphere might complicate power grids for western countries that are hellbent on disrupting energy flows by sanctioning Russia, forcing the world into the worst energy crisis in a generation. Since the US and Europe’s natural gas storage facilities have flipped into withdrawal season, the clock starts as storage levels could quickly wind down if temperatures stay below average, which would continue to boost energy prices. 

Russian Artillery at Work

Make no mistake, this is how the Russian artillery continues to annihilate any possible resistance by the Ukrainian soldiers. They are the modern version of the famous WWII Katyusha.  

By comparison, the West is sending mostly vintage Soviet era equipment.

But even the highly praised American HIMARS rocket launchers are outgunned by the Russian interceptors. — “Russian air defenses have received a new software that allows them to quickly detect, track and shoot down precision-guided rockets fired by American-made M142 High Mobility Artillery Rocket Systems (HIMARS) and M270 Multiple Launch Rocket Systems (MLRS) recently supplied to Ukraine, the commander a Russian air defense unit based in the Zaporozhye region told the Ria Novosti news agency on December 2.”

Below, Russian forces unleash relentless salvo of rockets on Ukrainian army soldiers in Artyomovsk-Bakhmut, Donetsk Republic.

Russia is slowly but surely getting the war machine up and running. Factories have been switched to three shifts, personnel are being recruited and for Ukraine, everything is just beginning.

This was stated by a former Kiev journalist, Andrey Vajra, on the Internet channel SMERSH: “Crimean Front.” 

“In many things, modern Russia has already surpassed the Soviet Union in production.” This is due, first of all, to a much higher technological level… Additional staff at military enterprises is being recruited, new production facilities are being opened, and it is all done quickly and expeditiously, according to the necessary tasks. Those “shoals” and defects that showed themselves from the very beginning, since the moment of mobilization, are being eliminated.

The system was not designed for what is happening now or for the version of the war in which we find ourselves. Now we are having to adjust the system on the fly to remove various shortcomings, but the process is under way and moving very quickly and effectively. All these shortcomings are being eliminated.

So in a month or two or three, the main problems will be completely solved. The most interesting thing is that we are only at the beginning. Everything is just beginning for the bulk of Ukrainian citizens. 

“Everything before that was just a fairy tale for them,” Vajra said.

https://t.me/ukraina_ru/120073