"As the Russians gradually assumed control of Uranium One in three separate transactions from 2009 to 2013, Canadian records show, a flow of cash made its way to the Clinton Foundation... Since uranium is considered a strategic asset, with implications for national security, the deal had to be approved by a committee composed of representatives from a number of United States government agencies including the State Department, then headed by Mr. Clinton’s wife, Hillary Rodham Clinton... And shortly after the Russians announced their intention to acquire a majority stake in Uranium One, Mr. Clinton received $500,000 for a Moscow speech from a Russian investment bank with links to the Kremlin that was promoting Uranium One stock."
Russian gold reserves, at nearly 40 million ounces, are now fifth largest in the world. Like China, Russia is likely to underreport its gold reserve accumulation.
It is quite obvious that Russia cannot substitute the West and in particular European countries with someone else. It is impossible for historical and cultural reasons, the abundance of industrial relations, geographical proximity and so on. Moscow can however substantially weaken such dependency through the strengthening of political, military, financial and economic relations with other countries which are friendlier and less susceptible to pressure from Washington. Islamic Republic of Iran (IRI) holds a special place amongst countries friendly to the Russian government, and strategic dialogue is being actively developed with it.
Are you currently an official at a US-dominated multinational institution seeking an exciting new career opportunity? If so, The Asian Infrastructure Investment bank may be just the place for you...
Did De-Dollarization Just Reach Escape Velocity? China's New Silk Road & Putin's Eurasian Trade NetworkSubmitted by Tyler Durden on 03/24/2015 23:00 -0400
The New Silk Road, actually roads - boosted by a special, multi-billion-dollar Silk Road Fund and the new Asian Infrastructure Investment Bank (AIIB), which, not by accident, has attracted the attention of European investors - symbolizes China’s pivot to an old heartland: Eurasia. Beijing has been quick to dismiss any notions of hegemony. It maintains this is no Marshall Plan. China, on the other hand, is focused on integrating “emerging economies” into a vast, pan-Eurasian trade/commerce network. And that, crucially, would have to include Russia, which is a vital part of the New Silk Road through an upcoming, Russia-China financed $280 billion high-speed rail upgrade of the Trans-Siberian railway. This is where the New Silk Road project and President Putin’s initial idea of a huge trade emporium from Lisbon to Vladivostok actually merge.
While the distraction that is the stock market continues to enthrall most Americans, the big shots in the global monetary which for now are taking place behind the scenes, are getting ever louder. One person who is paying attention to the failure of the US to grasp that the unipolar world of the 1980s is long gone, is Russia's Vladimir Putin, who earlier today proposed creating a "Eurasian" currency union which would have Belarus and Kazakhstan as its first members, which already are Russia's partners in a political and economic union made up of former Soviet republics.
Last month the Deputy Managing Director of the IMF, Japan’s Naoyuki Shinohara, openly stated that emerging markets in Asia should begin the process of de-dollarisation “to mitigate against external shocks and constraining the central bank’s ability as lender of last resort.”
Following the approval of the government, Kazakhstan's Central Bank has announced it plans to de-dollarize its economy by the end of 2016. The goal is to avoid the macroeconomic instability that the USD creates and to give priority to Tenge in trade agreements (banning price designations in foreign exchange). Coming just 2 weeks after the ratification of the $100 billion BRICS bank, and Russia's creation of a SWIFT-alternative, one wonders - as one by one foreign nations agree non-dollar trade and swap agreements - who is becoming 'isolated' now?
NYC Residents Pay $2-3,000 A Month For “Micro-Apartments” As Luxury Car Sales Outpace Regular Car SalesSubmitted by Tyler Durden on 03/02/2015 15:29 -0400
It’s an oligarch’s world, you’re just living in it. One of the main reasons that hyper-luxury cars are outselling regular cars, is because all of the wealth gains from the oligarch recovery are going to, well, oligarchs ... Global policies implemented since the oligarch created financial melt-down, have been used to cover up its criminality, and further advance the status quo’s consolidation of wealth and power. A continuation of this trend presents the greatest threat to liberty, free markets and an evolution of human consciousness on the planet today.
With the invasion of Syria, pardon, the "Islamic State" on behalf of US allies in the middle east imminent, it is time to send the fear meter to Max, and spook the US population with the reminder that far from being expert, Hollywood-quality video editors, ISIS is engaged in not only in selective, carefully sponsored and funded beheadings several thousand miles away, but is operating right under everyone nose.
It may signal that the ECB and Eurozone are set to embark on a gold accumulation programme. More likely, it is simply a way to bolster confidence in the euro due to increasing doubts about the viability of the single currency.
Even with extended draconian measures created by India to prevent capital account outflows as a result of uncontrolled gold imports (which still take place only "under the table"), a whopping 1000 tons of gold ended up in the form of gold trinkets in 2014 mostly in India, and to a lesser extend in China. All of that is about to change: earlier today India's Economic Times reported that the RBI, surely facilitated by the drop in oil prices - a key import for India - has finally lifted its ban on imports of gold coins and medallions by banks and trading houses. The RBI in a notification also said banks are permitted to import gold on consignment basis, anbd perhaps most impoytantly, "Banks are free to grant gold metal loans." This is key because as we wrote in January 2013 before the ban on gold imports took palce, the amount of gold loans being created in India was simply exponential.
Central bank gold buying surged another 17% last year as countries outside of the Western hemisphere continue to stockpile the only currency with no counterparty risk.
After significant buying in recent years, some may have questioned if this would continue in 2014. The answer was loud and clear: central bank net purchases amounted to 477t over the year, 17% above 2013’s impressive 409t. This represents the second highest year of central bank net purchases for 50 years, after the 544t addition to global gold reserves reported in 2012. Russia had by far the greatest appetite amongst those who raised gold reserves. The country accumulated an additional 173t (36% of total central bank demand in 2014) over a turbulent 12 months. 2014 was bookended by tension and uncertainty for the country: geopolitical antagonism with the Ukraine, and the resulting international sanctions, at the beginning of the year was followed by severe economic distress towards the end.