The Colder War And The End Of The Petrodollar - By Marin Katusa (28/5/14) PDF Print E-mail
Marin Katusa   
Wednesday, 28 May 2014 07:36

Casey Daily Despatch

The mainstream media are falling over themselves talking about Russia’s just-signed “Holy Grail” gas deal with China, which is expected to be worth more than $400 billion. But here’s what I think the real news is… and nobody’s talking about it—until now, that is.

China’s President Xi Jinping has publicly stated that it’s time for a new model of security, not just for China, but for all of Asia. This new model of security, otherwise known as “the new UN,” will include Russia and Iran, but not the United States or the EU-28.

This monumental gas deal with China does so much more for Russia than the Western media are reporting. First off, it opens up Russian oil and gas supplies to all of Asia.

It’s no coincidence that Russian President Putin announced the gas deal with China at a time when the tensions with the West over Ukraine were growing. Putin has US President Obama exactly where he wants him, and it’s only going to get worse for Europe and America.



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On Drip, Rake And Big Swinging Dicks - By Bruce Krasting (28/5/14) PDF Print E-mail
Bruce Krasting   
Wednesday, 28 May 2014 07:35

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Wall Street Is War Street - By williambanzai7 (27/5/14) PDF Print E-mail
williambanzai7   
Tuesday, 27 May 2014 10:31

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Last Updated on Wednesday, 28 May 2014 07:42
 
Why War Is Inevitable - By Paul Craig Roberts (27/5/14) PDF Print E-mail
Paul Craig Roberts   
Tuesday, 27 May 2014 07:28

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Former ECB Chief Economist Says Central Bank Run Monetary System Is “Pure Fiction” - By Mike Mish Shedlock (26/5/14) PDF Print E-mail
Mike Mish Shedlock   
Monday, 26 May 2014 07:23

Contra Corner

Anyone who is thinking clearly knows the economic system fostered by central banks is totally and completely out of control.

Repetitive rounds of QE, competitive currency debasement, interest rates at zero, and sponsorship of the internet bubble followed by the housing bubble, followed by the current stock market bubble is proof enough.

So, what I am about to report is really nothing but common sense, except for the fact that it comes from an unusual place, where one does not normally hear such discussions.

Jürgen Stark, former vice president of the Bundesbank, and also former chief economist of the ECB (unofficial title) says “The System is Out of Control“. Via translation from Libre Mercado, here are a few snips.

Stark, until recently one of the big hawks central bank of Germany for his fierce defense of monetary orthodoxy, resigned in late 2011 for his outright rejection to the purchase of government bonds by the ECB launched the president of the institution Jean Claude Trichet. Since then, Stark has used his rare, but valuable public appearances to warn of the risks associated with the current policy of central banks to the crisis.



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