De-dollarization reaches Europe as France, Germany, and UK to defy U.S. in continuing trade with Iran

De-dollarization reaches Europe as France, Germany, and UK to defy U.S. in continuing trade with Iran

Unlike a decade ago when the world as a whole was in lockstep for the sanctioning of Iran over its nuclear program, that is no longer the case following President Trump's decision to scuttle the 'Iran Deal' negotiated by his predecessor in the White House.  And as the U.S. has begun implementing new sanctions against the Middle Eastern OPEC nation, France, Germany, and even the UK have decided not only to defy Washington in continuing trade with Iran, but are also planning to do so outside the dollar.

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Italian Drumbeat against EU Economic Policy

Italian Drumbeat against EU Economic Policy

President Donald Trump slammed the European Union (EU) during a speech to his supporters in North Dakota on Wednesday. Speaking to thousands of people at Scheels Arena in Fargo, N.D. the President said, “We love the countries of the European Union. But the European Union, of course, was set up to take advantage of the United States. And you know what, we can’t let that happen.The Washington Post columnist Josh Rogin predictably seized on the remarks in the context of trans-Atlantic trade and an alleged conversation between Trump and French President Emanuel Macron to accuse POTUS of seeking to destroy the EU (some would reply ‘if only’). Josh Rogin’s column and CNN appearance is typical “OMG everything Trump does benefits Russia!” neocon hysteria, ignoring the agency of Europeans in determining whether or not the EU will survive and conflating the Franco-German core with ‘Europe’ as a whole.

Nonetheless, Trump has praised former UKIP leader Nigel Farage as “Mr. Brexit”. And there is no doubt Trump sees the EU not as a compliment to American foreign policy but as a competitor, with the bloc running a large trade surplus to the U.S. largely thanks to German exports. What the CNN/MSNBC globalist mouthpiece media ignore is that it will be Europeans, not Americans, who ultimately decide that the Brussels bureaucracy is failing to meet the needs of their people. Naturally the CNN/MSNBC talking heads captive to their #TrumpRussia narratives don’t even mention that, after tearing up the JCPOA with Iran, the Administration is trying to foist expensive US liquefied natural gas (LNG) imports on Europe — and neither policy is supported by the Kremlin.

In our view Europe must return to the original aim of many Gaullist supporters of economic, but not political integration — a free trade zone with relaxed internal borders but strong external border protections, a Continent of sovereign nations at peace, neither inundated by refugee flows nor engaged in a second Cold War with Russia. If Trump accelerates that process by inspiring populist politicians on the Continent like the ‘Austro-Hungarian’, Polish and especially Italian governments, so be it. — JWS

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Houthis Claim to Have Captured French Special Forces Joining in Saudi/UAE Attack on Yemen's Red Sea Port of Hudaydah

Houthis Claim to Have Captured French Special Forces Joining in Saudi/UAE Attack on Yemen's Red Sea Port of Hudaydah

Al-Hudaydah also known in English as Hodeda, Hodeida, Hudaida or Hodeidah, is a port on the Red Sea and starving Yemen’s humanitarian lifeline to the world. It is also alleged to be a major conduit for Iranian missiles and ammunition to reach the Ansarallah or Houthis, the Zaidi Shi’a resistance that rules the capitol of Sana'a. The Ansarallah are fierce qat-chewing desert warriors, whose conservative Zaidi or ‘fiver’ branch of Shi’a Islam differs considerably from that of their Lebanese Hezbollah allies or the ‘twelver’ Shi’a practiced by their supposed puppetmasters in Iran. Nonetheless they have adapted the Iranian clerical regime’s revolutionary slogans of ‘Allah is great, death to America, death to Israel, victory for Islam’ adding to their slogan ‘a curse upon the Jews’.

For three years, the Houthis have waged an effective guerrilla war, inflicting thousands of casualties on Saudi Arabia’s lavishly funded and incompetent military since the Kingdom invaded its impoverished neighbor in 2015. If you believe that the petrodollar is the key to America’s ability to finance its massive deficits, then the Houthis are to the Anglo-American empire what the Afghan mujaheddin were to the late Soviet Empire — harbingers of its defeat and collapse.

Photo: Destroyed UAE MRAPs in Yemen

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The Entire World Is Responding to the New Reality Created by the Trump-Kim Summit

The Entire World Is Responding to the New Reality Created by the Trump-Kim Summit

Tuesday's summit in Singapore demonstrated that there is a sea-change underway in global politics, a sea-change that is sweeping away the old, decadent structures of geopolitics, and ushering in a New Paradigm which is taking root, first in Asia, around the Spirit of the New Silk Road. The world is divided, Helga Zepp-LaRouche commented today, between those, on the one hand, who understand that the Trump-Kim summit is the beginning of a new sort of process of peace through development; and those, on the other, whose hysterical reaction against the summit belies the fact that they would prefer even nuclear war to seeing the rules of their game change. The latter group includes the British Empire, their neo-con and neo-liberal allies in the U.S., and the apoplectic western media, who are lying wildly about what happened in Singapore.

Joint statement of President Trump and Chairman Kim Jong Un June 12, 2018

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The Chinese Dream (Китайская Мечта): What Moscow is Learning from Beijing's Success

The Chinese Dream (Китайская Мечта): What Moscow is Learning from Beijing's Success

When it comes to the Russia-China alliance, many Westerners tend to view it simplistically, basically as China buying oil and gas plus acquiring military technology from the Russians. The notion that the One Belt One Road (OBOR) goes both ways, and Moscow also has much to learn from Beijing’s tremendous success in lifting hundreds of millions out of poverty in less than two generations, is seldom acknowledged in Brussels, London or Washington. Yet as RogueMoney contributor London Paul of the Sirius Report likes to say, “Watch China and Russia” — because these two giants are the economic and security spearheads respectively to a post-dollar dominated, indeed a post-Western led world.

As the Russian Analyst noted in a previous post about the Valdai discussion group meetings in Shanghai of April 2018, several Chinese experts points of emphasis was greater cooperation between Russia and China in the media space. We see examples of this in RT launching a Chinese language channel in 2017 and more recently, in CGTN’s coverage of the 2018 St. Petersburg International Economic Forum (SPIEF). But these programs have mostly targeted international rather than domestic Russian audiences, even as polling data shows Russians rank China as their country’s greatest friend on the world stage, alongside former Soviet republics Belarus and Kazakhstan, and well ahead of European trading partners Germany and France. China requites this ‘love’, to the extent that the historically inward looking and vast Middle Kingdom can, with polling data showing Putin is the most admired world leader among 1.4 billion Chinese.

Late in May Russian TV extensively promoted a new documentary film titled “The Chinese Dream: Path to Revival” by Alexei Denisov. The title is suggestive, not only of China’s revival, but that of Russia as well.

Sputnik photo by: Sergey Guneev

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The Sirius Report with London Paul 05-07-2018

The Sirius Report with London Paul 05-07-2018

London Paul returns to RogueMoneyRadio with his analyses of Washington unilaterally abandoning the JCPOA, the Trump Administration’s pressure on EU members led by Germany to abandon their lucrative contracts with Iran, and ‘the cabal’s failures in Eurasia. London Paul does not ‘trust the plan’ of QAnon’s online following and calls U.S. foreign policy “a neocon wet dream” at the moment, with President Trump campaign promises to dial back American military commitments being flouted. London Paul also connects the dots between the U.S. government reimposing sanctions on Iran, Israeli air strikes and threats to assassinate Assad in Syria, and Saudi desperation to drive up the oil price. He also discusses the collapse of special counsel Robert Mueller’s case for lack of Trump-Russia collusion evidence and the new media’s impatience with the slow pace of exposing and weeding the ‘deep state’ cabal’s operatives out of government.

“The next four weeks will be very pivotal” London Paul says in deciding the direction the U.S. is headed in the event driven scenario. — JWS

You can listen to London Paul's latest guest shows on RogueMoneyRadio and support The Sirius Report by subscribing here.

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As EU Countries Balk at New US Sanctions/Metals Tariffs, Russia and China Plot to Further Undermine King Dollar

As EU Countries Balk at New US Sanctions/Metals Tariffs, Russia and China Plot to Further Undermine King Dollar

Last week Russian oligarch Oleg Deripaska reportedly agreed to sell his ownership stakes in Rusal, one of the world’s leading aluminium producers, in exchange for reprieve of U.S. Treasury Department sanctions against the conglomerate. As the Financial Times reported, “The sanctions against Rusal have shut off 8 per cent of the world’s aluminium supply since they were introduced this month. Rusal is the world’s second-largest aluminium producer and the largest outside China, with output of 3.7m tonnes a year.”

Left out of this aluminum shut off story has been the turmoil in global metals supply chains caused by the American sanctions, which compared to the individual specific measures announced after Crimea rejoined Russia in 2014, have significantly more bite. However it isn’t just the Russians but also the Europeans, and raw materials miners as far afield as Australia, Africa and South America who will feel bitten from the latest escalation in American economic warfare. It is likely European aluminum importers’ concerns and not just Russian requests for clarification and modification of the sanctions which have delayed — but not blocked — their implementation. The fact that Deripaska paid Beltway bandit turned brief Trump campaign manager Paul Manafort millions as well as (and less covered by the Trump-loathing press) Hillary Clinton crony Adam Waldman for years to establish businesses and unsuccessfully lobby on his behalf complicates matters.

Despite being cleared by the Republican-led House Intelligence Committee from what was an Anglo-American deep state hoax to begin with, the lingering toxic cloud of Russiagate means the Trump Administration continues to posture as tougher on Russia than its predecessor. Moscow can expect the economic war to escalate, as an alternative for Washington to kinetic hostilities with the Russians or Iranians that would run the politically unacceptable risk of military prestige-crumpling losses. Nonetheless, in Paris, Brussels and Berlin, the ‘coincidence’ of Washington seeking to trash Russia’s aluminum exporting powerhouse at the same time the Americans threaten to throw up tariff barriers to EU aluminum and steel cannot be dismissed as anything other than economic warfare against the Continent, under the guise of Cold War 2.

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