Economics

Role and Mission of AFRICOM: Africa’s Oil, Vital Resources, Countering China, Strategic Chokepoints, Maritime Security, Narcotics

January 28, 2013

Source: AFRICOM.MIL Gen. Carter F. Ham, commanding officer, U.S. Africa Command speaks at Howard Univerity The mission of the command actually is quite simple. It is to protect the national interests of the United States. We are a United States military organization. That’s what the United States military does. But what’s interesting to us is [...]

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World ‘Plunges Into Currency War’

January 25, 2013

Source: Money News Many government officials around the world are concerned that massive monetary easing in numerous nations is sparking a global currency war. Governments from Germany, to Russia, to Brazil, to Thailand have expressed worry that the world is plunging into a currency war, Bloomberg Businessweek reports. The current focus is on Japan, where [...]

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SPECIAL REPORT – China’s military hawks take the offensive

January 16, 2013

Source: Reuters At issue these days are the disputed islands known as the Diaoyu (in China) or Senkaku (in Japan) and a string of islets in the South China that China is contesting with various Southeast Asian nations. But the combative streak speaks to profound shifts in Chinese politics and foreign policy that transcend the [...]

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Zbigniew Brzezinski: U.S. military strikes against Iran a hazardous strategy

January 3, 2013

Source: Washington Post t is to be hoped that the forthcoming Senate Foreign Relations Committee hearings regarding the president’s nominations for secretary of state and secretary of defense produce a wide-ranging debate regarding this country’s role in today’s very unsettled world. The hearings almost certainly will provoke searching questions regarding the strategic wisdom of potential [...]

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US intelligence agencies map China’s rise

December 27, 2012

Source: Arab News Earlier this month the US National Intelligence Council released its Global Trends 2030: Alternative Worlds report — a document that comes out once per presidential administration — mapping out likely geopolitical trends over the next two decades or so. As usual, it’s a must-read, offering comprehensive analysis of the disparate factors that [...]

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Currency Wars Expand Their Battlefield

December 22, 2012

Source:IBT When central bankers intervene and manipulate financial markets it distorts investment decisions and creates capital misallocations. The full effects of monetary easing will likely not be known for years, but some investors are taking caution ahead of time. The price of gold has been in decline over the past few weeks. Despite the Federal [...]

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Geopolitical Jitters May Dictate Course of World Economy

December 18, 2012

Source: Bloomberg 2012 was a year when politics at times trumped economic fundamentals, from worries about a break- up of the euro zone to anxiety about U.S. budget policy. In 2013, security concerns may do the same thing. In the Middle East, the U.S. and Israel are on a potential collision course with Iran over [...]

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Large Shipments of Gold and Cash Leaving Afghanistan

December 15, 2012

Editors Notes: Currently Afghanistan is a narco state, a cozy relationship between private wealth and a corrupt public authority . Related Articles to purge Afghanistan resources :UN chief says discovery of vast mineral deposits in Afghanistan should be managed properly, Beginning of a new ‘Great Game’ in Afghanistan, Afghan Air Force Probed in Drug [...]

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Burma druglords could cash in on opium and methamphetamine production due to Afghanistan decline

December 13, 2012

Editors Notes: U.S. engagement of Burma is no coincidence. U.S. diplomacy to provide humanitarian aid packages to Burma is a veneer to hide the U.S strategic military shift to Asia Pacific. Why? Economics. Secure natural resources for corporate interests and increase drug production. Security and control of drug and shipping trade routes. Related Articles: Golden [...]

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THE DIVIDED OCEANS – Towards a larger Asia-Pacific security architecture

December 13, 2012

Source: Telegraph India The security challenges in the Asia-Pacific region, which American ‘re-balancing’ towards Asia and Barack Obama’s tour of some Asian countries so early into his second presidency seek to address, are many and complex. Territorial disputes remain sharp in the region. China lays claim to Indian territory and so does Pakistan. Afghanistan and [...]

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National Intelligence Council see Asia overtaking America, Europe by 2030

December 10, 2012

Source: Abs-Cbn China’s economy is likely to surpass the United States in less than two decades while Asia will overtake North America and Europe combined in global power by 2030, a U.S. intelligence report said on Monday. “Meanwhile, the economies of Europe, Japan, and Russia are likely to continue their slow relative declines,” it said. [...]

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Russia ‘printing money for Syria’ claims report

November 26, 2012

Source: Telegraph Russia is printing bank notes and sending them by the plane load to Syria to help the besieged regime pay its soldiers and civil servants, a new report suggests. Flight records obtained by the investigative website ProPublica:Flight Records Say Russia Sent Syria Tons of Cash showed that at least 120 and up to [...]

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Investors ready to go to Syria after collapse

November 21, 2012

Editors Notes: Deja Vu Related Article: An All Out Race for Corporations to Raid Libya with “Fixers” Source: Gulf News UAE-based Syrian businessmen will have investment worth $1 billion in Syria across different sectors in the post-Al Assad era, Esmail Al Saeedi, founder-member of the Syrian Development and Rescue Council told Gulf News on the [...]

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Turkish Minister dreams of Silk Road on Aegean

November 11, 2012

Source:Hurriyet Daily The western province of İzmir, one of the most industrialized Turkish cities, could be the center of Europe-Asia trade with the North Aegean Port, Turkish Transportation Minister Binali Yıldırım said yesterday. The construction of the port is underway in the town of Candarlı and will create a “Silk Road of the sea,” Yıldırım [...]

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Libya helps bankroll Syrian opposition

November 5, 2012

Source: FT The top financier of the Syrian opposition is no Arabian Peninsula oil kingdom or cloak-and-dagger western spy outfit, but struggling, war-ravaged Libya, which is itself recovering from a devastating civil conflict. According to a budget released by the Syrian National Council and posted to its website late on Sunday, the Libyan government contributed [...]

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Iraq: Report on Money-Laundering

October 30, 2012

Source: AP/NYT Iraqi auditors believe as much as $800 million in American dollars is being sent out of the country illegally each week, draining it of hard currency, according to a report by American inspectors released Tuesday. The findings point to widespread money laundering and could focus further attention on Iraq’s central bank, the heart [...]

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Germany to check gold reserves stored abroad

October 25, 2012

Source:Deutsche Welle Much of Germany’s gold reserves are stored abroad, in vaults in the US, Britain and France. No one has actually seen the gold bars for a long time – which has prompted German federal auditors to call for a look. In times of crisis, gold is considered to be a safe haven. But [...]

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Swiss Military Preparing for EU Meltdown Scenario

October 16, 2012

Source: New American As the growing economic crisis continues to wreak havoc throughout the European Union, the armed forces of tiny Switzerland are preparing to deal with a potential EU disaster that could see refugees flood across the borders amid widespread unrest and chaos. Top Swiss officials have warned that if escalating turmoil were to [...]

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Mysterious Algorithm Was 4% of Trading Activity Last Week

October 8, 2012

Source: CNBC A single mysterious computer program that placed orders — and then subsequently canceled them — made up 4 percent of all quote traffic in the U.S. stock market last week, according to the top tracker of high-frequency trading activity. The motive of the algorithm is still unclear. The program placed orders in 25-millisecond [...]

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QE3 Triggers Fear of New Currency Wars

September 27, 2012

Source: CNBC Fear has crept into the foreign exchange markets: fear of central banks. Currency traders are rapidly shifting assets to countries seen as less likely to try to weaken their currencies, amid concern that the fresh round of U.S. monetary easing could trigger another clash in the “currency wars”. Fund managers are rethinking their [...]

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America’s hidden unemployed: too discouraged to count

September 23, 2012

Editors Notes: If you are a follower of the perception management box (T.V. – mass communication), you will believe an economic recovery is on the horizon. There is no recovery, you only perceive there is going to be a recovery in the near future. The recovery will never happen if the same policies are in [...]

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It starts: first Asian bank mulls British exit from the EU

August 9, 2012

So we have a new term: BRIXIT. Japan’s biggest bank Nomura has issued an 11-page study evaluating the likelihood that the UK will leave the European Union entirely or partly. Events could accelerate as soon as this autumn if eurozone woes force the Government to commit to a firm date for a BRIXIT referendum. “The [...]

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The coming economic collapse

July 24, 2012

Editor Notes: Omitted from this article is the cost of global military operations and wars.$$$ Source: UPI The U.S. economy is teetering on the brink of another recession. The bad news is that if it goes down again, there won’t be much we can do to save ourselves. Like a weary heavyweight, if the economy [...]

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Super rich hiding up to $32 trillion offshore

July 23, 2012

Rich individuals and their families have as much as $32 trillion of hidden financial assets in offshore tax havens, representing up to $280bn in lost income tax revenues, according to research published on Sunday. The study estimating the extent of global private financial wealth held in offshore accounts – excluding non-financial assets such as real [...]

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Banking scandal: how document trail reveals global scam

June 30, 2012

The interest rate rigging scandal that has engulfed Barclays was the result of a coordinated attempt at collusion by traders working for a coterie of leading banks over at least five years, according to a series of lawsuits and legal rulings filed in courts in Asia and North America. The lawsuits allege the fraud was [...]

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Black Market for Body Parts Spreads Among the Poor in Europe

June 29, 2012

BELGRADE, Serbia —Pavle Mircov and his partner, Daniella, nervously scan their e-mail in-box every 15 minutes, desperate for economic salvation: a buyer willing to pay nearly $40,000 for one of their kidneys. The couple, the parents of two teenagers, put their organs up for sale on a local online classified site six months ago after [...]

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Remember the Great Depression? No, it doesn’t seem that anyone does

June 18, 2012

Having failed in Britain, George Osborne now seems to want to dictate economic policy in the eurozone. He goes on about the “relentless logic” of the need for the eurozone to become a fiscal union, and he drops heavy hints that he believes they should start the revolution without Greece. The spectacle of a rightwing [...]

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Secret EU summit document shows first step to Banking Union

June 17, 2012

A classified draft of next week’s EU summit conclusions is the first step on an emerging “roadmap” to a banking union, pooling debt via eurobonds and political union via EU treaty change over the next 10 years. The “limite” text – published exclusively by The Daily Telegraph, is secret, restricted for the “eyes only” of [...]

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EU officials mull limits on ATMs if Greece leaves euro

June 11, 2012

Source:Irish Independent European finance officials have discussed limiting the size of withdrawals from ATM machines, imposing border checks and introducing eurozone capital controls as a worst-case scenario should Athens decide to leave the euro. EU officials have said the ideas are part of a range of contingency plans. They emphasised that the discussions were merely [...]

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