European Union Refuses To Recognise Israeli Sovereignty over Occupied West Bank, Gaza Strip, East Jerusalem, Syrian Golan

"European Union refuses to recognize Israeli sovereignty over Occupied Palestinian West Bank, Gaza Strip, East Jerusalem or the Syrian Golan

Consequently, all illegal settlers should be repatriated back to Israel, ­ all 500,000. 

Then, and only then, can there be a peace accord.

European Commission  Brussels, 11.11.2015 C(2015) 7834 final Interpretative Notice on indication of origin of goods from the territories occupied by Israel since June 1967

‘(1) The European Union, in line with international law, does not recognise Israel’s sovereignty over the territories occupied by Israel since June 1967, namely the Golan Heights, the Gaza Strip and the West Bank, including East Jerusalem, and does not consider them to be part of Israel’s territory1, irrespective of their legal status under domestic Israeli law2. The Union has made it clear that it will not recognise any changes to pre­ 1967 borders, other than those agreed by the parties to the Middle East Peace Process (MEPP)3′

Red Complete Report

http://eeas.europa.eu/delegations/israel/documents/news/20151111_interpretative_notice_indication_of_origin_of_goods_en.pdf"

at http://www.globalresearch.ca/european-union-refuses-to-recognise-israeli-sovereignty-over-occupied-west-bank-gaza-strip-east-jerusalem-syrian-golan/5488339

We Are Now Witnessing Unprecedented Action In The War In The Silver Market

"We are now witnessing unprecedented action in the war in the the silver market.

Jason Goepfert at SentimenTrader:  “Last week we noted the historically persistent selloff in gold, and now silver has joined it. Silver has declined for the past 10 sessions for only the third time in 50 years…"

at http://kingworldnews.com/we-are-now-witnessing-unprecedented-action-in-the-war-in-the-silver-market/

Did We Just Witness One Of The Greatest Sell Signals In History?

"Today King World News is pleased to share a fantastic piece which address the all-important question:  Did we just witness one of the greatest sell signals in history?  This piece also includes a key illustration that all KWN readers around the world must see.

Jason Goepfert at SentimenTrader:  “The art market continues to be in the throes of euphoria. An auction this week scored the 2nd-largest sale in history, second only to one from May of this year…

---

In Volatile Markets, Is Wealth Preservation King?

In a King World News interview I spoke with the man who predicted the Swiss National Bank would experience staggering losses and that the Fed would also experience massive losses that will destabilize the global financial system! His company is the only one in the world offering a precious metals investment service outside the banking system, with direct ownership and full control by the investor. He has also become legendary for his predictions on QE, historic moves in currencies, and major global events.

at http://kingworldnews.com/did-we-just-witness-another-one-of-the-greatest-sell-signals-in-history/

NATO’s biggest military exercise since the Cold War looked pretty damn giant

"This is not the beginning of WWIII—at least not just yet. This is NATO’s Trident Juncture 2015. The largest military exercise in decades. The month-long training was held in Spain, Portugal, and Italy during October and November..."

at http://investmentwatchblog.com/natos-biggest-military-exercise-since-the-cold-war-looked-pretty-damn-giant/

Global Trade Dramatically Collapsing: “Next Major Downturn Has Officially Arrived”

"This article was written by Michael Snyder and originally published at hisEconomic Collapse blog.

Editor’s Comment: The real economy on the ground level is hurting badly. It is already happening. The numbers for commodities, global shipping and trade are all down so far that they indicate a major recession or worse, and the likelihood that darker times are still ahead. When will media “officially” tell you that the economy is toast?

Likely not until the bankers behind the scenes are prepared for the panic, from which they profit, and likely not until political timing is considered for, and all channels have been exhausted. Only then will they be ready for people to scramble for the exits in a chaos that is largely orchestrated, and also partially just burnt toast beyond recall.

We Have Never Seen Global Trade Collapse This Dramatically Outside Of A Major Recession

by Michael Snyder

If you have been watching for the next major global economic downturn, you can now stop waiting, because it has officially arrived.  Never before in history has global trade collapsed this dramatically outside of a major worldwide recession.  And this makes perfect sense – when global economic activity is increasing there is more demand for goods and services around the world, and when global economic activity is decreasing there is less demand for goods and services around the world.  So far this year, global trade is down about 8.4 percent, and over the past 30 days the Baltic Dry Index has been absolutely plummeting.  A month ago it was sitting at a reading of 809, but now it has fallen all the way to 628.  However, it is when you look at the trade numbers for specific countries that the numbers become particularly startling..."

at http://www.shtfplan.com/commodities/global-trade-dramatically-collapsing-next-major-downturn-has-officially-arrived_11112015

"Irreversibly Broken & Dysfunctional" - There's Something Wrong In The Markets

"Submitted by Doug Noland via Credit Bubble Bulletin,

Bloomberg: “The October Jobs Report Gives Fed Officials a Green Light to Raise Rates.”

With global “risk on” back in full swing, the focus of U.S. monetary policy belatedly shifts back to fundamentals. October’s 271,000 was the largest jobs gain since last December. The unemployment rate is down to 5.0%, the low since April 2008. Average hourly earnings were up 2.5% y-o-y in October, the strongest performance since July 2009. The private sector added an eye-opening 268,000 jobs during the month, with Services employment up 241,000. Indicative of an extraordinarily unbalanced economy, no manufacturing jobs were created during October.

Existing home sales are on track for the strongest year since 2007. Automobile sales are booming as well. Monthly auto sales last month posted the strongest October since 2001 (from Dow Jones), with annual sales poised to test the all-time record. Kelley Blue Book is expecting 2015 sales 12% above 2014.

My point is not that the U.S. economy is robust - or even sound. From my perspective, booming home and auto sales reflect the upshot from years of ultra-loose financial conditions and a resulting “Bubble Economy”. Importantly, the Federal Reserve’s extreme monetary accommodation is grossly inappropriate considering U.S. financial and economic backdrops. Keep rates at zero, print a few Trillion, backstop booming financial markets long enough and spur unprecedented inflation in (perceived) Household Net Worth – and Bubble Economy Dynamics will eventually prevail. They have..."

at http://www.zerohedge.com/news/2015-11-11/irreversibly-broken-dysfunctional-theres-something-wrong-markets

Russia may be planning to develop a nuclear submarine drone aimed at 'inflicting unacceptable damage'

"The potential plans of Russia's drone submarine. 

During a regular meeting with defense officials on November 10, Russian President Vladimir Putindiscussed methods of countering NATO's missile defense shield, which the Kremlin worries could neutralize the country's nuclear deterrent.

Putin's come up with a possible counter-measure, boasting that the Kremlin would develop "strike systems capable of penetrating any missile defenses." Footage of the meeting includes a clear view of a document that defense officials were looking over. 

The document looks at one type of "strike system" that Putin was talking about.

The document, according to the Russian Forces blog, includes plans to develop an underwater drone that could be launched from submarines in order to carry out nuclear strikes at key coastal areas. The project is known as "Ocean Multipurpose System 'Status-6.'"

According to a translation by Russian Forces, this weapons system is aimed at "damaging the important components of the adversary's economy in a coastal area and inflicting unacceptable damage to a country's territory by creating areas of wide radioactive contamination that would be unsuitable for military, economic, or other activity for long periods of time." 

The drone, according to the project documents, will be launched from two new models of submarine that Russia has started developing over the past three years. The drone will also reportedly have a maximum range of 5,400 nautical miles (10,000 kilometers) while traveling at a depth of 1,000 meters.  

Bill Gertz, writing for The Washington Free Beacon, notes that Pentagon officials have determined that Russia is developing a "drone submarine" that would be capable of delivering a nuclear weapon with a yield of multiple megatons. The drones could destroy port cities in the event of a war. And since they'd be delivered underwater, they'd be immune to the NATO missile shield. 

Still, there is the possibility that Russia leaked details of the project for propaganda purposes. Since the end of the Cold War, the Russian military has suffered a series of setbacks that are continuing to hamper the country's development of high-end hardware..."

at http://finance.yahoo.com/news/russia-may-planning-develop-nuclear-172645192.html

The Geopolitics of American Global Decline

"For even the greatest of empires, geography is often destiny. You wouldn’t know it in Washington, though. America’s political, national security, and foreign policy elites continue to ignore the basics of geopolitics that have shaped the fate of world empires for the past 500 years. Consequently, they have missed the significance of the rapid global changes in Eurasia that are in the process of undermining the grand strategy for world dominion that Washington has pursued these past seven decades.

A glance at what passes for insider “wisdom” in Washington these days reveals a worldview of stunning insularity. Take Harvard political scientist Joseph Nye, Jr., known for his concept of “soft power,” as an example. Offering a simple list of ways in which he believes U.S. military, economic, and cultural power remains singular and superior, he recently argued that there was no force, internal or global, capable of eclipsing America’s future as the world’s premier power.

For those pointing to Beijing’s surging economy and proclaiming this “the Chinese century,” Nye offered up a roster of negatives: China’s per capita income “will take decades to catch up (if ever)” with America’s; it has myopically “focused its policies primarily on its region”; and it has “not developed any significant capabilities for global force projection.” Above all, Nye claimed, China suffers “geopolitical disadvantages in the internal Asian balance of power, compared to America.”

Or put it this way (and in this Nye is typical of a whole world of Washington thinking): with more allies, ships, fighters, missiles, money, patents, and blockbuster movies than any other power, Washington wins hands down.

If Professor Nye paints power by the numbers, former Secretary of State Henry Kissinger’s latest tome, modestly titledWorld Order and hailed in reviews as nothing less than a revelation, adopts a Nietzschean perspective. The ageless Kissinger portrays global politics as plastic and so highly susceptible to shaping by great leaders with a will to power. By this measure, in the tradition of master European diplomats Charles de Talleyrand and Prince Metternich, President Theodore Roosevelt was a bold visionary who launched “an American role in managing the Asia-Pacific equilibrium.” On the other hand, Woodrow Wilson’s idealistic dream of national self-determination rendered him geopolitically inept and Franklin Roosevelt was blind to Soviet dictator Joseph Stalin’s steely “global strategy.” Harry Truman, in contrast, overcame national ambivalence to commit “America to the shaping of a new international order,” a policy wisely followed by the next 12 presidents.

Among the most “courageous” of them, Kissinger insists, was that leader of “courage, dignity, and conviction,” George W. Bush, whose resolute bid for the “transformation of Iraq from among the Middle East’s most repressive states to a multiparty democracy” would have succeeded, had it not been for the “ruthless” subversion of his work by Syria and Iran. In such a view, geopolitics has no place; only the bold vision of “statesmen” and kings really matters..."

at http://www.voltairenet.org/article187947.html

The Seeds For The Next Global Crisis Are Already Being Sewn

"Today King World News is featuring a piece by a man whose recently released masterpiece has been praised around the world, and also recognized as some of the most unique work in the gold market.  Below is the latest exclusive KWN piece by Ronald-Peter Stoeferle of Incrementum AG out of Liechtenstein.

By Ronald-Peter Stoeferle, Incrementum AG Liechtenstein

November 11 (King World News) – The Unseen Consequences of Zero-Interest-Rate Policy – Short-term vs. long-term effects of economic policies

King World News - A Full-Blown Depression Will Force Radical Change

In a dynamic economy, an action not only triggers just one effect, but always an entire series of different consequences. While the cause of the first effect is easily recognizable, the other effects often occur only later and no such recognition occurs. Frédéric Bastiat described this phenomenon in 1850 in his ground-breaking essay “What Is Seen and What is Not Seen”:

In the economic sphere, an act, a habit, an institution, a law produces not only one effect, but a series of effects. Of these effects, the first alone is immediate; it appears simultaneously with its cause; it is seen. The other effects emerge only subsequently; they are not seen; we are fortunate if we foresee them …

There is only one difference between a bad economist and a good one: the bad economist confines himself to the visible effect; the good economist takes into account both the effect that can be seen and those effects that must be foreseen. Yet this difference is tremendous; for it is almost always the case that when the immediate consequence is favorable, the later consequences are disastrous, and vice versa. Hence it follows that the bad economist pursues a small present good that will be followed by a great evil, while the good economist pursues a great good to come, at the risk of a small present evil..."

at http://kingworldnews.com/the-seeds-for-the-next-global-crisis-are-already-being-sewn/

China Sends Fighter Jets To Island, Demands No Mention Of "Contentious Issues" At Summit

"When Washington sent the USS Lassen to Subi Reef last month, it represented the most meaningful escalation yet in what has become an incredibly tense standoff in The South China Sea. 

America’s friends in the region - most notably, The Philippines - seem convinced that Beijing has designs on using its newly constructed islands in the Spratlys as forward operating bases for future military operations. China of course denies this, but has nevertheless built 10,000 foot airstrips capable of landing fighter jets and surveillance aircraft, cement factories, and ports atop the reefs, and when a US Poseidon spy plane went to have a look back in May, the PLA told it to “Go now!” 

There are conflicting accounts of just how “forceful” a message the US actually sent by sending a guided missile destroyer to Subi (some say the exercise wasn’t “convincing” enough), but it did serve to antagonize Beijing and indeed, Admiral Wu Shenglitold US chief of naval operations Admiral John Richardson that this needs to stop now unless the US wants to go to war.

But by all accounts, the patrols aren’t going to cease because Washington needs to save face and reassure its allies in the South Pacific and so, the stage is set for an “accident.”

Now, reports indicate that China has sent  J-11BH/BHS fighter jets to Woody Island, south of Hainan in what one could be forgiven for believing is an attempt to discourage US military flyovers. Here’sThe Diplomat: 

The People’s Liberation Army Air Force (PLAAF) has dispatched an unknown number of fourth-generation J-11BH/BHS fighter aircraft to Woody Island (known as Yongxing Island in Chinese), the largest of the Paracel Islands administered by the People’s Republic of China in the South China Sea, according to Chinese media reports..."

at  http://www.zerohedge.com/news/2015-11-10/china-sends-fighter-jets-island-demands-no-mention-contentious-issues-summit

US public debt three times the size of officially declared amount - $65 trillion

"The real amount of the US public debt, with due regard to all unfunded liabilities of the country now stands at around 65 trillion dollars, instead of the publicly stated 18.5 trillion, The Hill reports with reference to the former head of the Accounting Chamber of the United States David Walker.

According to him, the officially declared amount should take account of unsecured civilian and military pensions, as well as liabilities to maintain the retired military, as well as extra  underinvestment in social security and public health insurance.

Furthermore, one needs to take into account various commitments and unexpected expenses of the federal government. As a result, the actual number grows up to 65 trillion dollars. Walker also said that the amount will continue to grow in the absence of reforms." 

at: http://www.pravdareport.com/news/business/09-11-2015/132545-usa_public_debt-0/#sthash.btZQnkPh.dpuf

Another Phony Payroll Jobs Number — Paul Craig Roberts

"The Bureau of Labor Statistics announced today that the US economy created 271,000 jobs in October, a number substantially in excess of the expected 175,000 to 190,000 jobs. The unexpected job gain has dropped the unemployment rate to 5 percent. These two numbers will be the focus of the financial media presstitutes.

What is wrong with these numbers? Just about everything. First of all, 145,000 of the jobs, or 54%, are jobs arbitrarily added to the number by the birth-death model. The birth-death model provides an estimate of the net amount of unreported jobs lost to business closings and the unreported jobs created by new business openings. The model is based on a normally functioning economy unlike the one of the past seven years and thus overestimates the number of jobs from new business and underestimates the losses from closures. If we eliminate the birth-death model’s contribution, new jobs were 126,000.

Next, consider who got the 271,000 reported jobs. According to the Bureau of Labor Statistics, all of the new jobs plus some—378,000—went to those 55 years of age and older. However, males in the prime working age, 25 to 54 years of age, lost 119,000 jobs. What seems to have happened is that full time jobs were replaced with part time jobs for retirees. Multiple job holders increased by 109,000 in October, an indication that people who lost full time jobs had to take two or more part time jobs in order to make ends meet.

Now assume the 271,000 reported jobs in October is the real number, and not 126,000 or less, where are those jobs? According to the BLS not a single one is in manufacturing. The jobs are in personal services, mainly lowly paid jobs such as retail clerks, ambulatory health care service jobs, temporary help, and waitresses and bartenders.

For example, the BLS reports 44,000 new retail trade jobs, a questionable number in light of sluggish real retail sales. Possibly what is happening is that stores are turning a smaller number of full time jobs into a larger number of part time jobs in order to avoid benefit costs associated with full time workers.

The new reported jobs are essentially Third World type of jobs that do not produce sufficient income to form a household and do not produce exportable goods and services to help to bring down the large US trade deficit resulting from jobs offshoring.

The problem with the 5% unemployment rate is that it does not include any discouraged workers. When discouraged workers—those who have ceased looking for a job because there are no jobs to be found—are included the unemployment rate is about 23%.

Another problem with the 5% number is that it suggests full employment. Yet the labor force participation rate remains at a low point. Normally during a real economic recovery, people enter the labor force and the participation rate rises.

The bullion banks acting as agents of the Federal Reserve used the phony jobs number to launch another attack on gold and silver bullion, dumping uncovered shorts into the futures market. The strong jobs number provides cover for the naked shorts, because it implies an interest rate hike and movement out of bullion into interest bearing assets.

If the US economy were actually in economic recovery, would half of the 25-year-old population be living with parents? The real job situation is so poor that young people are unable to form households. See: http://www.paulcraigroberts.org/2015/10/29/us-on-road-to-third-world-paul-craig-roberts/"

at http://www.paulcraigroberts.org/2015/11/06/another-phony-payroll-jobs-number-paul-craig-roberts/

Fabian Calvo: The US is trying to destabilize Russia to keep the Dollar as the world reserve currency

at http://investmentwatchblog.com/fabian-calvo-the-us-is-trying-to-destabilize-russia-to-keep-the-dollar-as-the-world-reserve-currency/

Negative is the new normal. Netherlands sold €2.58bn at -0.271%, lowest yield in history.

at http://investmentwatchblog.com/negative-is-the-new-normal-netherlands-sold-e2-58bn-at-0-271-lowest-yield-in-history/

RUSSIA TO DEPLOY NEW WEAPONS TO COUNTER US MISSILE SHIELD

"Russia will counter NATO's U.S.-led missile defense program by deploying new strike weapons capable of piercing the shield, President Vladimir Putin said Tuesday.

Putin told defense officials that by developing defenses against ballistic missiles Washington aims to "neutralize" Russia's strategic nuclear deterrent and gain a "decisive military superiority."

He said that Moscow will respond by developing "strike systems capable of penetrating any missile defenses."

"Over the past three years, companies of the military-industrial complex have created and successfully tested a number of prospective weapons systems that are capable of performing combat missions in a layered missile defense system. Such systems have already begun to enter the military this year. And now we are talking about development of new types of weapons," Putin said.

His statement comes amid a severe strain in Russia's relations with the U.S. and its NATO allies, which have plunged to the lowest point since the Cold War over the crisis in Ukraine..."

at http://hosted.ap.org/dynamic/stories/E/EU_RUSSIA_MILITARY?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2015-11-10-10-08-12

Eric Sprott: US Is Broke And By Far The Biggest Issue – It’s Not Just Government. It’s Corporate Pension Plans, And State Pension Plans And All These Unfunded Obligations Where Everyone Thinks They Are Going To Receive Something Only To Find Out That They Are Not Going To Receive Something

"Money manager Eric Sprott has not lost his faith in owning physical gold and silver. Sprott contends, “I don’t lose any sleep over the price of gold going down in the sense that I believe what I believe. I believe it’s been manipulated. It’s very much about currency and economics of the Keynesian scheme that we’re going to spend money, print money and it’s all going to work. It’s not working. I don’t want to wait and find out the day it falls apart because when it falls apart someday, then it will be too late. I want to be positioned beforehand. I can remember shorting stocks before March of 2000. It was a bit of a rough ride for three months, but my gosh, when it rolled over . . . you have to be a little bit early on things. I believe the last four years have been orderly and created to be difficult. I think gold would have gone up, but they could not stand for it to go up because they were printing money. If you are printing money and gold goes up, everybody figures it out. . . . I’ve been around for a while, and I have the patience to hang in there. I have been a buyer of gold stocks, and so I am hopeful this will end up being a very, very rewarding trade.”

Sprott predicts, “There has to be a collapse. It will be way bigger than 2008. We had a debt problem in ‘07 and ‘08 and the debt has exploded.”

Join Greg Hunter as he goes One-on-One with Eric Sprott, the Chairman of Sprott Inc.

All links can be found on USAWatchdog.com: http://usawatchdog.com/us-is-broke-an…"

at http://investmentwatchblog.com/eric-sprott-us-is-broke-and-by-far-the-biggest-issue-its-not-just-government-its-corporate-pension-plans-and-state-pension-plans-and-all-these-unfunded-obligations-where-everyon/

We Have Never Seen Global Trade Collapse This Dramatically Outside Of A Major Recession. So Buckle Your Seat Belts Boys And Girls, Because We Are Definitely In For A Bumpy Ride.

"If you have been watching for the next major global economic downturn, you can now stop waiting, because it has officially arrived.  Never before in history has global trade collapsed this dramatically outside of a major worldwide recession.  And this makes perfect sense – when global economic activity is increasing there is more demand for goods and services around the world, and when global economic activity is decreasing there is less demand for goods and services around the world.  So far this year, global trade is down about 8.4 percent, and over the past 30 days the Baltic Dry Index has been absolutely plummeting.  A month ago it was sitting at a reading of 809, but now it has fallen all the way to 628.  However, it is when you look at the trade numbers for specific countries that the numbers become particularly startling.

Just within the last few days, new trade numbers have come out of China.  China accounts for approximately one-fifth of all global factory exports, and for many years Chinese export growth has helped fuel the overall global economy.

But now Chinese exports are falling.  In October, Chinese exports were down 6.9 percent compared to a year ago.  That follows a decline of 3.7 percent in September.

The numbers for Chinese imports are even worse.  Chinese imports in October were down 18.8 percent compared to a year ago after falling 20.4 percent in September.  China’s growing middle class was supposed to help lead a global economic recovery, but that simply is not happening.

The following chart from Zero Hedge shows just how dramatic these latest numbers are compared to what we are accustomed to witnessing.  As you can see, the only time Chinese trade numbers have been this bad for this long was during the major global recession of 2008 and 2009…"

at http://investmentwatchblog.com/we-have-never-seen-global-trade-collapse-this-dramatically-outside-of-a-major-recession-so-buckle-your-seat-belts-boys-and-girls-because-we-are-definitely-in-for-a-bumpy-ride/

Gold Hemorrhaging Out Of U.S. Fed’s Vault As ECB Set To Expand Monetary And Market Interventions

"With the Dow declining nearly 180 points and continued uncertainty  in the gold and silver markets, today King World News is featuring a powerful interview with one of the greats in the business that warns gold is hemorrhaging out of the U.S. Fed’s vault as the ECB is about to expand monetary and market interventions.

James Turk:  “The choke hold put on the precious metals the past several days has been relentless, Eric. It was so forceful, it might even have been unprecedented…"

at http://kingworldnews.com/gold-hemorrhaging-out-of-u-s-feds-vault-as-ecb-to-expand-monetary-and-market-interventions/

Away From Dollar: Russia, China to Create Entirely Different Gold Market

"While key Western banks are artificially restraining gold prices to breathe life into the diluted and devalued dollar system, Russia, China and other emerging economies are involved in "the genial move" to establish an entirely different gold market, F. William Engdahl underscores.

Key central banks, particularly the Federal Reserve and Bank of England, and Western market players have long been accused of clandestine gold price manipulating aimed at preserving the dollar's role "as world reserve currency primus," American-German economic researcher and historian F. William Engdahl writes.

"The COMEX gold futures market in New York and the Over-the-Counter (OTC) trades cleared through the London Bullion Market Association do set prices which are followed most widely in the world. They are also markets dominated by a handful of huge players, the six London Bullion Market Association gold clearing banks — the corrupt JP MorganChase bank; the scandal-ridden UBS bank of Zurich; The Bank of Nova Scotia — ScotiaMocatta, the world's oldest bullion bank which began as banker to the British East India Company, the group that ran the China Opium Wars; the scandal-ridden Deutsche Bank; the scandal-ridden Barclays Bank of London; HSBC of London, the house bank of the Mexican drug cartels; and the scandal and fraud-ridden Societe Generale of Paris," Engdahl narrated.

© REUTERS/ LEONHARD FOEGER

Gold's Everlasting Shine: Is Fall in Gold Price a Sign of Inevitable Doom?

Furthermore, Western banks are issuing numerous paper "gold-futures" and other speculative contracts which are in fact disconnected from real physical gold.

In a word, operations with the precious metal in London and New York are in questionable hands, the economic researcher noted.

The West's ultimate goal is to preserve the dollar's monopoly in the market thus breathing life into the US-led global financial system. But no one likes monopolists. 

Predictably, the current state of affairs cannot satisfy rising economies, such as China, Russia and other emerging powers.

However, "[r]ather than scream and cry 'fraud' at the owners of the COMEX/CME or the London Bullion Market Association Big Six clearing banks, these countries are involved in the genial move to create an entirely different gold market, one that not JP MorganChase or HSBC or Deutsche Bank control, but one that China, Russia and others of a like mind control," Engdahl stressed.

© FLICKR/ STEPHEN DOWNES

Saudi Determined to Crash Oil Prices Until US Shale Breathes Its Last

This new approach is connected closely with the China-led New Silk Road project and the Shanghai-based Asian Infrastructure Investment Bank (AIIB).

In May 2015 Beijing announced it had established a state-run gold investment fund, aiming to bolster China's role in global gold trade. The new initiative is a part of China's ambitious One Belt and One Road plan. The "Silk Road Gold Fund" will invest in mining projects in the regions along the New Silk Road encouraging central banks of its members to increase their holdings in the precious metal.

"As China has expressed it, the aim is to enable the Eurasian countries along the Silk Road to increase the gold backing of their currencies. That sounds very much like some clear-thinking and far-sighted governments are thinking of creating a stable group of gold backed currencies that would facilitate orderly trade free from Washington currency wars," the economic researcher elaborated.

© FLICKR/ BULLION VAULT

Power of Gold: China Establishes Its Largest Gold-Investment Fund

And Russia is actively cooperating with China in this field, he underscored, adding that just before the creation of China's new gold fund the countries inked a deal to explore the gold reserves in Russia's Magadan region.

Over the past several years Russia has been rapidly replenishing its vaults with golden bullions. In accordance with official data, Russian physical gold reserves currently amounted to 1250.9 tons in June 2015.

Today Russia is considered the world's third largest gold producer with 245 metric tons produced in 2014, while China produces over 450 tons a year.

"South Africa, also a member of the BRICS along with China and Russia, stands to add to the new energy surrounding a renaissance in gold as a support of solid, well-based currencies to replace the diluted and devalued dollar system," the researcher stressed.

© FLICKR/ BULLION VAULT

Dragon Rising: China's Gold Will Break World's Dependence on US Dollar

According to Engdahl, the New Economic Silk Road, integrated with Russia's new Eurasian Economic Union, are more than just energy and railroad infrastructure: they are the central nervous system of the future largest and fastest-growing economic space on Earth..."

at http://sputniknews.com/business/20150816/1025811280/russia-china-gold-market.html#ixzz3r1uSJQwY

China Is Canceling the Debt of the World’s Most Impoverished Nations

"Since the 1990s, a major part of Chinese foreign policy has been to invest in developing countries around the world.

This includes private investments, like the billion-dollar solar project being spearheaded by aChinese energy company in Ghana or the multibillion-dollar canal being built by a Chinese infrastructure firm in Nicaragua.

It also includes public investment projects like the Asian Infrastructure Investment Bank, which was launched earlier this year to help fund infrastructure projects in impoverished Asian countries (and to reduce the amount of influence wielded by the U.S.-led investment banks).

On Saturday, Chinese President Xi Jinping made yet another commitment to help economic growth in the developing world, announcing that China would be canceling the debts of the world’s least developed countries.

President Xi made the announcement while addressing a United Nations summit on global development goals. During his speech, he also pledged to establish a $2 billion fund dedicated to improving conditions in the most impoverished countries around the world..."

at http://sitsshow.blogspot.ca/2015/11/china-is-canceling-debt-of-worlds-most.html