Could Russia announce the PetroYuan?

Please note: President Vladimir Putin will be hosting the 18th St. Petersburg International Economic Forum - May 22-24, 2014. This would be a very good venue for Russia to announce the PetroYuan for the future payments for Russia's gas and oil. The joint Russian-Chinese financial procedural structure was signed on May 20 in Shanghai.

Russia conducts test-launch of ballistic missile

Testing is not going to stop. The Big Dogs are gearing up to fight for power. If Russia is attacked or over provoked, they will be ready.

Russia's Topol intercontinental ballistic missile launcher (AFP/Natalia Kolesnikova)

Business Standard
22 May 2014

Russia today carried out a successful test-launch of an intercontinental ballistic missile, news agencies reported citing the defence ministry, amid a standoff between Moscow and the West over Ukraine.

Interfax and ITAR-TASS quoted the defence ministry as saying a successful test of the RS-12M Topol ICBM had been carried out from Russia's Kapustin Yar rocket launch site near the Caspian Sea at 2238 IST (1708 GMT).

The missile hit its target in the Sary Shagan ballistic missile test range that Russia leases in Kazakhstan, it said.

"The purpose of the launch was to test a prospective warhead of intercontinental ballistic missiles," Interfax quoted defence ministry spokesman Igor Yegorov as saying, without providing further details.

Russia reportedly carried out previous tests in December and March of the RS-12M Topol, a road-mobile missile first put into service in the 1980s and then repeatedly modified.

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Ebay urges users to reset passwords after cyberattack

Massive ebay hacking. Are you a user? If so, your passwords have been hacked.

Ebay asks customers to reset their passwords after a cyberattack compromised user information. Photograph: Niall Carson/PA

  • Auction site’s database containing encrypted passwords and personal data has been hacked

The Guardian
By Samuel Gibbs
21 May 2014

Auction site eBay may have been the target of the biggest-ever online break-in, after hackers broke into a database holding its 233 million customers' personal data.

The site says users should change their passwords after the break-in, which was detected two weeks ago. The breach did not affect financial information, but did affect a database holding customer names, encrypted password, email address, physical address, phone number and date of birth. Ebay hasn't clarified whether personal data besides passwords were encrypted.

In a statement, the auction site said that a database was compromised between late February and early March. PayPal, the payment arm of eBay, released a statement saying it was not affected.

The site has 233 million customers worldwide, and is one of the five biggest credit-card holding sites online. Of those, more than 14m are active in the UK.

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China and Russia sign $400bn gas deal

Here you have it all. Historic, the day the US fell of a cliff.

Financial Times
By Lucy Hornby and Jamil Anderlini
in Beijing and Guy Chazan
21 May 2014

China and Russia have clinched a $400bn gas supply deal that provides Moscow with a crucial new export market and stronger ties with its eastern neighbour as Europe attempts to reduce its reliance on Russian supplies.

The agreement, struck in Shanghai on Wednesday by Russian president Vladimir Putin and his Chinese counter part comes after 10 years of negotiations and marks an important breakthrough for the Kremlin vilified by the west over its role in the crisis in Ukraine.

Under the deal, Russia’s Gazprom will supply China National Petroleum Corp, China’s largest oil company, with up to 38bn cubic metres of gas a year for 30 years, beginning in 2018. Mr Putin said it was the “largest contract in the history of the gas sector of the former USSR”.

Although Gazprom said there was an agreement on the base price, some of the conditions are yet to be agreed. Alexander Novak, Russia’s energy minister, said an intergovernmental deal, to be negotiated by the end of the year, would confirm that both countries would effectively subside the contract through tax exemptions.

Analysts said the implied price was $350-$390 per 1,000 cubic metres of gas – roughly comparable to the price Gazprom charges its European customers.

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Prince Charles 'should abdicate' after comparing Putin to Hitler, says MP

The idiot Prince shows yet again why he is unfit to ever replace the Queen. He needs to be bypassed to William. This causes ridicule for the family and does incredible damage with Russia. Hope the Queen outlives this fool.

Prince Charles (right) pictured with the Russian president Vladimir Putin in 2003. Photograph: Tim Ockenden/PA

  • Labour MP Mike Gapes calls for prince to 'abdicate and stand for election' if he wants to make controversial statements

The Guardian
By Matthew Weaver,
Rowena Mason and agencies
21 May 2014

Prince Charles is facing a call for his abdication and a frosty response in Moscow after reportedly comparing Vladimir Putin to Adolf Hitler over Russia's annexation of Crimea.

Charles blundered into the international crisis over Russia's actions in Ukraine during a tour of Canada, when he spoke to a woman who fled the Nazis and lost family members during the Holocaust.

According to the Daily Mail, the prince compared the Russian president to the Nazi leader when talking to Marienne Ferguson, a museum volunteer who moved to Canada with her Jewish family when she was just 13. "Now Putin is doing just about the same as Hitler," Charles is reported to have said.

Charles's remarks have been criticised across the political spectrum in Britain: the Labour MP Mike Gapes called for his abdication, while the outspoken Ukip leader, Nigel Farage, said the prince was wrong to get involved.

Putin's spokesman, Dmitry Peskov, pointedly refused to discuss the issue when approached by journalists. But the popular Russian daily Moskovskij Komsomolets (MK) said Charles's remarks risked "triggering an international scandal".

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Oil SDR’s and the New Currency Basket

For the many asking what, how and who this will help.

By JC Collins
16 May 2014

Oil, along with other commodities, will soon be priced in the Special Drawing Right issued by the International Monetary Fund. This was first mentioned back in 1979 in a secret White House memo written by Henry Owen for President Jimmy Carter.

In that memo, it is stated that if oil were to be priced in SDR’s then the value of the U.S. dollar would be effected on the exchange markets due to lower demand. Though the price of oil itself would see little change if priced in SDR’s. The recommendation at the time was to keep oil priced in dollars.

Today things have changed dramatically as the world is shifting away from the dollar as the reserve currency. It is inevitable that oil will be priced in something other than dollars.

The likelihood is that oil trade deals will be first denominated in regional currencies such as the Russian ruble and Chinese yuan. This will increase the demand for some form of multilateral reserve currency agreement to ensure a level playing field between markets and regions.

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BNP Falls as U.S. Probe Said to Cost More Than $5 Billion

The moral of this story being that Oil companies rape the earth and Politicians rape the Oil companies.

Painful to say the least.

Photographer: Loic Venance/AFP via Getty Images 

By Greg Farrell
and Nicholas Comfort
21 May 2014

BNP Paribas SA (BNP), France’s largest bank, fell to a seven-month low in Paris on concern U.S. authorities will seek more than $5 billion from the lender to settle a probe into alleged violations of U.S. sanctions.

The stock fell as much as 3 percent to the lowest since Oct. 1, and was down 1.8 percent at 50.73 euros as of 9:45 a.m. local time.

The amount sought in the probe of the lender’s dealings with countries including Iran and Sudan has escalated, and now far exceeds the $2.6 billion that Credit Suisse AG (CSGN) agreed to pay in a settlement with the U.S. for helping Americans evade taxes. Discussions are continuing and the final number could change, according to a person with knowledge of the matter. Last week, four people said U.S. authorities were asking for at least $3.5 billion to settle the BNP case.

A fine of more than $7 billion would jeopardize BNP’s dividend and could prevent the Paris-based lender from keeping its capital ratio, a measure of financial strength, above 10 percent, according to Alain Tchibozo, an analyst at Mediobanca SpA (MB) who has an outperform recommendation on the stock. Benjamin Lawsky, New York’s Superintendent of Financial Services, has also floated the idea of temporarily banning BNP from transferring money into and out of the U.S.

“The risk is more than the fine, the risk is them losing the right to do some businesses in the U.S.,” Tchibozo said by telephone from London. “If they were to stop running this platform, it would affect their earnings power.”

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Just reminding everyone that Leo is not giving up on his case.

Coast to Coast with Leo Wanta: LINK
(3 May 2014)

Russia, China Fail to Reach Gas Deal

Day one, it's a Bummer, can't agree on price. Shadow boxing. Day two concessions from both. Or end of a new Sweetheart deal?

Chinese President Xi Jinping and Russian President Vladimir Putin before their talks in Shanghai on Tuesday. Xinhua/Zuma Press

  • Agreement is Priority for Putin as Europe Seeks to Extricate Itself From Moscow's Energy Grip

The Wall Street Journal
By Vanessa Mock
and Brian Spegele
20 May 2014

Beijing and Moscow failed to clinch an agreement to pipe Russian gas to China on the first day of Russian President Vladimir Putin's Chinese state visit, signaling that price disagreements remain an obstacle to the long-stalled deal.

Mr. Putin has made the multi-billion-dollar deal the top item of his two-day visit to Shanghai, where he and Chinese President Xi Jinping, pictured left, are participating in a regional security conference. Over a decade in the making, the potential 30-year contract would allow Russian state-owned gas giant OAO Gazprom OGZPY -1.73% to make a strategic shift toward Asia, just as the European Union is seeking to extricate itself from Moscow's energy grip.

The EU is accelerating plans to find alternative sources of gas and trying to stymie Gazprom's efforts to boost its presence on the Continent amid fears the Ukraine crisis could lead to disruptions of gas supplies to Europe.

"Russian needs this China deal very badly because it needs to signal to [Brussels] and to some EU nations that it's taking a step that's economically profitable and that it's found a new market for its gas," said Shamil Yenikeyeff, a research fellow at the Oxford Institute for Energy Studies.

But pricing has served as a major barrier to exporting to energy-hungry China. After their meeting Tuesday, the Chinese and Russian leaders signed a joint statement calling for Russian gas supplies to begin being exported to China as quickly as possible, according to China's official Xinhua news agency, but stopped short of announcing an actual deal.

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US President Hires Top Criminal Defense Attorney

So now Barmie Barry has Lawyered up. Can't sleep at night? False ID, no Birth Cert, bad Mob associations, Illegal Tax Haven funds, a job taken by Usurping, condoning murders, lying over Benghazi, Fast and Furious, Bathhouse Barry is under stress as the world's biggest Con Man.

Heffx - Live Trading News
By Paul Ebeling
20 May 2014

US President Hires Top Criminal Defense Attorney

Last month as the US president flew off to Asia, and he too much of the media attention along with him, though he did not take the 1st Lady.

Right then and there the Obama White House placed a top criminal defense attorneys on staff as Barack Hussein Obama’s new White House Counsel, interesting yes…

The mainstream media in the USA has taken very little notice of attorney Neil Eggleston’s elevated position inside of the Obama White House, the scant coverage there was mostly ignored the fact that attorney Eggleston has made his living, and his name, by defending those involved in serious political scandals.

Attorney Eggleston was part of the Clinton administration defense during the Whitewater scandal, as well as 2 subsequent executive privilege fights. He also worked with the Bush administration in Y 2007 during another executive privilege dispute.

Add to the Clinton link is the direct link to Mr. Obama himself, attorney Eggleston was the one who provided current Chicago Mayor, and former Obama White House Chief of Staff, Rahm Emanuel, legal defense during the infamous Rod Blagojevich trial that included a stack of “pay to play” allegations that eventually resulted in the former Illinois Governor being sent to prison, while Mr. Emanuel emerged virtually unscathed.

Attorney’s Eggleston’s placement in the Obama White House sends a clear signal the Obama administration is preparing for war should Republicans win back the Senate following the November 2014 Elections. And for the 1st time, face the prospect of real deep congressional investigations into Mr. Obama’s wrongdoings.

Attorney Eggleston is not a political legal wonk. He is, 1st and foremost, a man who is called to protect pols and/or administrations who find themselves in serious legal problems.

Barack Hussein Obama has “lawyered up.”

Stay tuned…

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The Globalization of Special Forces

The double standard at work. When all else fails, export terrorism for hire to murder opponents. What a nation.

By Manlio Dinucci
19 May 2014

Special Forces have been designed to use military means to conduct unconventional warfare operations, mainly to cause riots and murder political opponents. Washington already secretly used them in 78 countries, while denying the very existence of their missions, although their budget exceeds 10 billion dollars annually. The globalization of these forces should enable it to expand its invisible dictatorship.

An accident, sometimes, permits the discovery of a "secret war". This is what happened in Yemen, where, at Sana, a member of U.S. Special Forces and CIA shot two men and killed them. According to the official version, these were simply two Al Qaeda terrorists they wanted to remove. The incident, far from simple, sparked a wave of protests against the government, already under indictment because it allows CIA drones to operate in Yemen starting from a Saudi base.

The Pentagon ­ confirms the New York Times - has intensified the actions of its special forces in Yemen. Yemen is a country of great importance for its strategic position on the Strait of Bab el-Mandeb between the Indian Ocean and the Red Sea, crossed by major oil and trade routes linking Asia and Europe. Djibouti, in front of Yemen, 30 kms away on the African coast, is where Joint Task Force - Horn of Africa is parked, consisting of approximately 4,000 men of the U.S. Special Forces. With helicopters and special aircraft, they carry out night raids, particularly in neighboring Somalia and Yemen, flanked by elite contractors and technical experts of the assassination shooter category. Special forces available to the Africa Command (AFRICOM) operate in Nigeria and many other African countries. They are part of joint operations Command (USSOCOM ), which, after being used by the Republican Bush especially in Afghanistan and Iraq, has now taken on a new importance with the Democratic Obama.

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27 Huge Red Flags For The U.S. Economy

As the lights are going out on the Leaderless US economy, who will face up to responsibility?

Doom and gloom of it all and the one missing item is the declining velocity of USD in circulation.

The Economic Collapse
By Michael Snyder
20 May 2014

If you believe that the U.S. economy is heading in the right direction, you really need to read this article. As we look toward the second half of 2014, there are economic red flags all over the place. Industrial production is down. Home sales are way down. Retail stores are closing at the fastest pace since the collapse of Lehman Brothers. U.S. household debt is up substantially, and in 20 percent of all U.S. families everyone is unemployed. In so many ways, what we are witnessing right now is so similar to what we experienced during the build up to the last great financial crisis. We are making so many of the very same mistakes that we made the last time, and yet our "leaders" seem completely oblivious to what is happening. But the warning signs are very clear. All you have to do is open your eyes and look at them. The following are 27 huge red flags for the U.S. economy...

#1 Despite endless assurances from the Obama administration that we are in an "economic recovery", the number one concern for U.S. voters is "Unemployment/Jobs" according to a recent Gallup survey.

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Will the IRS Reschedule the Death of the Dollar?

The world is ready to run.

By Mark Nestmann
13 May 2014

Ever since President Obama signed the ill-conceived “Foreign Account Tax Compliance Act” (FATCA) into law in 2010, I’ve been warning about the death of the dollar.

And I haven’t been alone. Other experts have cautioned about FATCA’s potential to literally shut down the global economy when it goes into full effect July 1, 2014. But the IRS has now postponed that day of reckoning – for at least some – until January 1, 2016.

The idea behind FATCA is simple: Demand that other countries enforce America’s imperialistic tax laws. And to do so by the confiscation of foreign assets, if necessary.

Under the provisions of FATCA, interest, dividends, rents, and similar payments leaving the US will be subject to a 30% withholding tax. The only way that most foreign banks and other foreign companies will be able to avoid this tax is to act as unpaid IRS informants. Non-US individuals investing in the US will be affected, too. If their foreign bank isn’t FATCA-compliant, their US income will get whacked by 30%. It will be possible to recover the tax in some cases, but even so, I can’t think of a better way to scare foreign investors away from the US.

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China Signs Non-Dollar Settlement Deal With Russia's Largest Bank

The lead up to tomorrow's gas announcement. Pressure is mounting.

  • Nothing lasts forever... remember...

Zero Hedge
By Tyler Durden
20 May 2014

Slowly - but surely - the USD's hegemony is being chipped away whether by foreign policy faux pas, crossed red-lines, or economic fragility. However, on Day 1 of Vladimir Putin's trip to China it is clear that the two nations are as close as ever. VTB - among Russia's largest banks - has signed a deal with Bank of China to pay each other in domestic currencies, bypassing the need for US Dollars for "investment banking, inter-bank lending, trade finance and capital-markets transactions." Kirill Dmitriyev the head of Russia’s Direct Investment Fund notes, "together it’ll be possible to discuss investment in various projects much more efficiently and clearly," as Russia's pivot to Asia continues to gather steam.

As RT reports, Day 1 for Putin is going well...

VTB, Russia’s second biggest lender, has signed a deal with Bank of China, which includes an agreement to pay each other in domestic currencies.

“Under the agreement, the banks plan to develop their partnership in a number of areas, including cooperation on ruble and renminbi settlements, investment banking, inter-bank lending, trade finance and capital-markets transactions,” says the official VTB statement.

The deal underlines VTB Group’s growing interest in Asian markets and will help grow trade between Russia and China that are already close trading partners, said VTB Bank Management Board Vasily Titov.

But it's not just the banking relationships...

In the first day of a two-day trip to China Russia’s President Vladimir Putin said the two countries will be increasing their bilateral trade to reach a new level.

“Our countries have done a huge job to reach a new historic landmark…. China has firmly settled in a position of our key trade partner,” Putin said.

Putin also said that trade turnover between Russia and China grew almost 2 percent during 2013 to reach about $90 billion.

“If we sustain this pace the level of bilateral trade of $100 billion will be reached by 2015 and we’ll confidently move on,” Putin said.

Increasing investment cooperation is crucial, Putin added.

“Together it’ll be possible to discuss investment in various projects much more efficiently and clearly,” as Interfax quotes Kirill Dmitriyev the head of Russia’s Direct Investment Fund.

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