Putin BRICS Remarks Imply Need for New Monetary System

Putin BRICS Remarks Imply Need for New Monetary System

Friday’s 4.1% GDP growth rate announcement was an encouraging sign for President Trump’s #MAGA agenda, as are the first signs of real wage growth in over a decade. But the core problems of massive debt at all levels of government, plus the unfunded liabilities of bloated American military and ‘health care’ spending remain. Private borrowing — particularly in the overheated Anglosphere housing markets from London to Vancouver — is also unsustainable (including the stupid headlines about how Millennials should throw fewer bachelor parties if they want to save for a house and inexplicably sluggish sales amidst 2007-08 exceeding prices for homes). Commercial real estate from failing North American shopping malls represent the first canaries dropping in the coal mine before a worse crash than the 2008 collapse — though President Trump is buying Americans critical time.

Emerging market crises, while beneficial to the dollar in the short run, remain corrosive to the greenback’s dominance over the long haul, as countries like Turkey and Argentina seek to escape the boom-bust dollar loans cycle. Another factor undermining King Dollar is of course, the failing U.S./EU sanctions imposed on Eurasian energy giant Russia as part of Cold War II, which have spurred Moscow to make oil transactions outside of the SWIFT payments structure and in rubles, yuan or local currencies. Mindful of the foreign debt and liquidity traps Latin Americans (including the Brazilians) have repeatedly fallen into through the 20th and 21st centuries, Russian President Vladimir Putin spoke on the topic of inevitable de-dollarization at this year’s BRICS Summit in Johannesburg. — JWS

Read More

"As Goes Africa, So Goes Humanity"

"As Goes Africa, So Goes Humanity"

It has been only a week and a day since the historic July 16 Trump-Putin summit in Helsinki, but already the world has changed dramatically. "There are those who are aware of these positive changes" and are working to bring them to fruition, Helga Zepp- LaRouche stated today, "and then there are those who are wearing geopolitical spectacles and who refuse to see the changes. They are still defending a status quo which no longer exists. They just don't get it!"

The combination of the Belt and Road Initiative, Zepp-LaRouche continued, and Trump's policies--at least most of them, especially his summit meeting with Putin--are moving the world to a different plateau. What is emerging is a New Paradigm of cooperation among sovereign nations, precisely along the lines that Lyndon LaRouche has laid out for the last half-century.

Read More

After the Helsinki Summit, Trump Threatens Iran in ALL CAPS tweet

After the Helsinki Summit, Trump Threatens Iran in ALL CAPS tweet

A week has passed since the Trump-Putin summit, and a RogueMoney reader asked me for my thoughts on the outcome. Rather than give the stock answer of ‘it’s too soon to say’, I thought I’d do what analysts do and emphasize the knowns, then contrast those with the greater part that remain ‘known unknowns’ in the ongoing negotiations to defuse Cold War II (or more accurately, to revive the USA’s geoeconomic fortunes because Kissingerian realists in Washington realized by 2016 fighting Russia, China and Iran all at once while dominating the EU, Japan and the Koreas was no longer feasible). The problem with this traditional analytical framework including labels like ‘realism’ vs. neo-conservativism, is that Trump defies easy characterization.

On the one hand, Trump appears to sincerely want to improve U.S.-Russia relations because he has taken more heat for this than any other aspect of his platform, culminating in this week’s insane allegations that he has committed ‘treason’ by questioning the ‘intelligence community’ finding that Russia interfered in the 2016 elections in support of his candidacy. On the other hand, on Sunday night Trump escalated his anti-Iran rhetoric, hours after Secretary of State Mike Pompeo and Sen. Tom Cotton (R-AR) delivered a speech in southern California calling for a 1980s Reaganesque policy of rollback against the Islamic Republic.

Screen shot from: Russia’s Vesti News/First Channel

Read More

China beginning to focus on lifeblood of global economy in Trade War by halting oil purchases from U.S. in favor of Iran

China beginning to focus on lifeblood of global economy in Trade War by halting oil purchases from U.S. in favor of Iran

The Russian Analyst wrote about this trend in the previous article, and Ken Schortgen Jr. confirms it citing RT.com — the Trump Administration’s efforts to isolate Iran are mostly succeeding in diverting Iranian crude from European and Indian refiners to the Chinese. This may have interesting implications for the joint U.S.-Israel-Saudi efforts to squeeze Tehran, particularly given Dr. Jim Willie’s claim that Beijing has quietly been seeking to make two of its leading oil suppliers the Saudis and Iranians ‘play nice’. — JWS

Read More

План Трампа: Cooperation Between the U.S. and Russian Petrostates?

План Трампа: Cooperation Between the U.S. and Russian Petrostates?

One of the undisputed keys to the revival of Russia’s fortunes under President Vladimir Putin has been his leveraging of the world’s largest country and its immense natural resource base to finance military and vital infrastructure improvements. Putin wrote his 1996 economics dissertation in St. Petersburg “Strategic Planning of the Reproduction of the Mineral Resource Base of a Region under Conditions of the Formation of Market Relations” (which Putin’s critics at RFE/RL, Brookings Institute and the Langley/Bezos Post insist was ghostwritten) about the state leveraging oil and gas production to benefit the population, as in Russia’s Arctic neighbors Norway and Alaska.

Although overlooked by the media and deep state manufactured hysteria over Trump’s ‘treasonous’ praise for Putin and their dialogue in Helsinki, CNBC did report Putin’s proposal that the U.S. and Russia work together to regulate the oil price. If implemented this plan would make Moscow, which already cooperates with leading OPEC cartel member and petrodollar pillar Riyadh, into a partner with Washington in keeping energy prices within an acceptable range. As Putin said, it would not be advantageous to the American or global economies to see prices rise too high, nor see them collapse and thereby wreck shale oil production (he didn’t need to add, also hurting Russia and the ruble in the process as the Obama Administration and globalists tried to do in an coordinated piece of economic warfare in late 2014 — Moscow would take military action to boost its leverage against the Saudis and Qataris the following autumn in Syria).

Putin knows very well that President Reagan’s CIA director William Casey worked with the Saudis to drive down the price of oil in the late 1980s, hastening the demise of the Soviet Union which had then posted the young KGB officer and his family to Dresden in East Germany. As W the Intelligence Insider says regarding that period ‘we took out the Soviet Union and the ruble but almost lost Texas’ leading to the 1989-93 recession and ‘handover’ of power from the Bushes to the Clintons. However, in an ironic role reversal, it is now the fragile U.S. economy which needs Russian cooperation to maintain a moderate to higher price, so that highly indebted frackers stay profitable as interest rates rise and steel/aluminum trade wars (including Cold War 2 sanctions on Russian metals) drive up pipeline costs. Indeed, the main problem with the shale boom is the high depletion rate of the wells, which in turn requires cheap money from the Fed and high debt loads to manage (it was no accident that fracking took off in the mid-2000s with a loose post dot.com crash and 9/11 monetary policy).

Read More

LaRouchePAC Statement: Mueller Issues Fake Indictment; Brits In Rug- Chewing Fit That Putin And Trump Might Accomplish Peace

LaRouchePAC Statement: Mueller Issues Fake Indictment; Brits In Rug- Chewing Fit That Putin And Trump Might Accomplish Peace

(July 13, 2018) Desperate to head off a possible accommodation between President Trump and President Putin, which could result in a principled approach to a viable peace, the British, Robert Mueller, and the "resist" holdover forces in the U.S. intelligence community and news media have staged a trifecta of calculated information warfare operations within the last 24 hours to sabotage the summit.

In the United States, two inter-related events occurred. First, embattled FBI Agent Peter Strzok appeared before a joint House hearing on Thursday to claim that the Republicans on the House Judiciary and Government Oversight Committees were doing "Putin's work" for him by continuing to examine the British and Obama Administration/Democratic Party origins of Russiagate. Strzok's charge, obviously choreographed with Congressional Democrats, was greeted by them with Jacobin cheers and endlessly cycled in the news media. 

Read More

Fireworks Begin At NATO As Trump Prepares For Putin Summit

Fireworks Begin At NATO As Trump Prepares For Putin Summit

President Trump continued his demands on the NATO countries to pay their agreed share for the defense of Europe, but the question should be: defense against whom? Trump has not, as yet, repeated his charge issued during the election campaign in 2016, when he said NATO was "obsolete" and "disproportionately" too expensive, and that terrorism was the primary concern. But he has insisted, repeatedly, that "it is a good thing to be friends with Russia and China." Certainly being friends with Russia and China should render NATO obsolete.

Trump recognizes that Russia is no threat to Eastern or Western Europe, nor any other nation, and refused to characterize Russia as a "foe" on his way to the NATO summit. He has also repeatedly noted that Russia is playing a crucial part in countering terrorism, especially in Syria.

Trump's effort to establish friendly relations with Moscow, starting with the historic summit with Putin next Monday in Helsinki, is driving the British and British assets nuts.

Read More

Are Trump's Trade Wars truly aimed at China and Europe, or are they really being instituted to kill the globalists and central bankers?

Are Trump's Trade Wars truly aimed at China and Europe, or are they really being instituted to kill the globalists and central bankers?

The North Korea gambit provided us with a very acute insight to how President Trump operates.  On one hand he publicly insulted and vilified North Korea and their leader Kim Jung-Un, but behind the scenes he proved that this was all just Kabuki Theater for the masses since he was not only able to achieve what the last few Presidents could not in formulating a denuclearization of the peninsula, but also in potentially ending a war that had been ongoing for almost 70 years.

So with this in mind we must look well below the surface when it comes to the Trade War that President Trump has initiated across the globe, and try to determine whether his motives are truly directed at China and the European continent, or if they are really focused towards destroying the central banker dream of achieving globalism and a new world order.

Read More