US loses multi-billion dollar court cases against China and India

Now control rackets are blowing up in their faces.

Image: Reuters / Amr Abdallah Dalsh

15 July 2014

The World Trade Organization agreed on Monday this week to side with claims against the United States made by both China and India concerning US-imposed tariffs on products exported to America.

In both instances, the WTO ruled against the US and decided in favor of the major BRICs countries, who for two years now have each asked the organization to intervene and weigh in on America’s use of tariffs to tax certain imports dating back to 2007.

With regards to both cases, the WTO’s judges ruled that the US acted “inconsistent with its agreement on subsidies and countervailing duties,” or taxes imposed on goods sold by “public bodies.”

In China, the panel agreed, US officials improperly levied those taxes against state-owned enterprises that the WTO does not consider to be “public bodies.” Instead, the WTO said, those entities were majority-owned by the Chinese government, but did not perform “government function” or exercise “government authority,” according to the Financial Times. With respect to India, the WTO again agreed that the US was wrong to similarly treat state-owned National Mineral Development Corporation as a public body, according to the International Business Times.

read more

Check Mating Washington in its Own Backyard with BRICSIANSE

Check but DCs no Mate!

Strategic Culture Foundation
By Wayne Madsen
15 July 2014

The United States and its closest allies have attempted to isolate Russia and President Vladimir Putin from the world stage. As a result of Western support for the Ukrainian regime that came to power through violence in Kiev, actions taken by Western powers against Russia have included expelling Russia from the G-8 of capitalist powers, the freezing of the assets of Russian government officials and Russian banks, and imposing travel bands on Russian citizens.

However, Putin has check-mated U.S. President Barack Obama in the American president’s own backyard. Obama’s defenders fancy their president as a master of «11-dimensional chess». However, what is transpiring in Brazil at the summit of the BRICS nations of Brazil, Russia, India, China, and South Africa has shown the world that it is Putin, not Obama, who is the master of 11-dimensional chess. In fact, Obama could never even make it to the chess board.

Putin is visiting Brazil where he is participating in the 2014 summit in the city of Fortaleza. The BRICS summit comes as members of the Obama administration, including neo-cons like Assistant Secretary of State for European Affairs Victoria Nuland, have instituted plans for increased sanctions against Russia, bringing them to the level as those directed against Iran, Syria, and Cuba.

Putin and his BRICS colleagues will sign an agreement in Fortaleza on establishing a BRICS development bank that will help bypass the neo-cons' attempt to isolate Russia from international banking networks. Any strengthening of sanctions in the same manner that U.S. sanctions have been imposed by Washington on Iran, Syria, and Cuba runs the risk of punishing Brazilian, Indian, Chinese, and South African banks and other corporations, something that could land the Obama administration in hot water before the World Trade Organization court that rules against trade practices that violate WTO regulations.

read more

The Dollar-Ditching Party in Brazil

The lash-back to the US Hegemony and Spying cuts off comms to them.

Is the Dollar about to take another beating it so deserves?

Agora Financial
By Dave Gonigam
14 July 2014

Excerpt from a newsletter we receive regarding Russian / China agreement to trade in rubles and yuan. Also a construct of a dedicated undersea cable to protect the system! How interesting that protecting the US financial system was our original intent, and now it's being planned to bypass it! 

The next shoe might drop this week, as author Jim Rickards tweeted this morning…

BRICS, as a reminder, is shorthand for Brazil, Russia, India, China and South Africa.

While American business TV goes wall to wall this morning with Citigroup’s $7 billion cost-of-doing-business fine for mortgage securities fraud [snooze], the summit is the big story on BizAsia, the business news hour on China’s English-language CCTV…

“The BRICS’ combined economic heft is undeniable,” Mr. Rickards writes in his latest book The Death of Money. “The members represent over 40% of global population, 20% of global economic output and 40% of total foreign exchange reserves…

“Their manifesto calls for nothing less than a rethinking or overturning of the post-Second World War arrangements made at Bretton Woods and San Francisco that led to the original forms of the IMF, World Bank and the United Nations.”

Their unity is such that last fall they announced plans for a network of undersea Internet cables linking their nations — bypassing, they hope, the snoops at the NSA. “The proprietary nature of this system,” Rickards writes, “could be easily adapted to include a BRICS interbank payments system, which would facilitate the use of any BRICS-sponsored alternatives to dollar payments.”

The BRICS cable: Shutting out the dollar?

So what might the BRICS leaders do this week?

“Their new development bank with an initial capital of $50 billion but going up to $100 billion will be launched formally at the meeting,” writes the aforementioned Simon Hunt. “Loans will also be in local currencies, thus bypassing the U.S. dollar.

“It is quite possible that at the same time there will be more discussion about de-dollarization; this could include agreement to conduct all trade within each country in their domestic currencies.”

Watch also, says Mr. Hunt, for the attendance of leaders from other emerging-market nations. “Most of the [emerging-market] world no longer trusts the USA. They want a divorce from its domination.

“Like all empires when they start declining, they make trouble with other countries because their remaining asset is military force,” Mr. Hunt adds with portent.

“Today, wars are primarily conducted through currencies and cyberspace, an activity that all major countries conduct, including the USA.

“President Obama is under pressure from his own party with the risk that in an attempt to bolster the party’s standing, he is likely to cause mischief outside the USA.”

Gee, there’s a comforting thought. And of course, there’s nothing like a kicking some ass abroad to distract the rubes from economic trouble at home. Something to think about if the economy takes a turn for the worse as summer drags on…

read more

China tells U.S. to stay out of South China Seas dispute

China is quite clear, what part of Butt Out does the US not get?

A U.S. military Amphibious Assault Vehicle (AAV) manoeuvres in the choppy waters facing South China Sea during the Cooperation Afloat Readiness and Training (CARAT) Philippines 2014, a U.S.-Philippines military exercise, at San Antonio, Zambales north of Manila June 30, 2014. Image: Reuters/Erik De Castro

By Ben Blanchard
15 July 2014

China told the United States on Tuesday to stay out of disputes over the South China Sea and leave countries in the region to resolve problems themselves, after Washington said it wanted a freeze on stoking tension.

Michael Fuchs, U.S. deputy assistant secretary of state for Strategy and Multilateral Affairs, said no country was solely responsible for escalating tension in the region. But he reiterated the U.S. view that "provocative and unilateral" behaviour by China had raised questions about its willingness to abide by international law.

China claims 90 percent of the South China Sea, which is believed to contain oil and gas deposits and has rich fishery resources. Brunei, Malaysia, the Philippines, Vietnam and Taiwan also lay claim to parts of the sea, where about $5 trillion of ship-borne trade passes every year.

China's Foreign Ministry repeated that it had irrefutable sovereignty over the Spratly Islands, where most of the competing claims overlap, and that China continued to demand the immediate withdrawal of personnel and equipment of countries which were "illegally occupying" China's islands.

read more

Mexico Looks To Back Peso With Silver: “Would Unleash a Global Power Shift”

This could be huge and leave the US very Pesoed off.

Activist Post
By Mac Salvo
13 July 2014

For many Americans the country of Mexico conjures up images of a third world nation. The poverty, lack of basic services, and extreme violence has left the populace so desperate that thousands of people on a daily basis head to the United States for a better life.

But according to Future Money Trends, all that could change in the near future as key Mexican financial leaders and politicians have been working to institute sweeping monetary change that, if implemented, could unleash a global power shift of epic proportions.

“Take just three or four men out of the ‘anti’ group,” says Hugo Salinas Price, a Mexican multi-billionaire and the man behind the monetary push, “and we could practically get a unanimous ‘yes’ vote in both houses.”

Like recent monetary shifts in Russia, China and the Middle East that aim to divest themselves of US dollar reserve trade requirements, the news of such a move in Mexico has been downplayed. And though it is being generally ignored as a serious possibility, a powerful consortium of influential people in Mexico believe it is a realistic possibility, and one that could be responsible for shifting the balance of world power.

read more

IDF's Gaza assault is to control Palestinian gas, avert Israeli energy crisis

It is always about money and power. The poor Palestinians. But now the worldwide Muslim attacks on Jews shows that 2 can play.

A Palestinian boy plays in the rubble of a house destroyed in an Israeli air strike on Beit Hanoun, Gaza. 
Image: © Khalil Hamra/AP

Sign of the Times
By Nafeez Ahmed
The Guardian
9 July 2014

Yesterday, Israeli defence minister and former Israeli Defence Force (IDF) chief of staff Moshe Ya'alon announced that Operation Protective Edge marks the beginning of a protracted assault on Hamas. The operation "won't end in just a few days," he said, adding that "we are preparing to expand the operation by all means standing at our disposal so as to continue striking Hamas."

This morning, he said:

"We continue with strikes that draw a very heavy price from Hamas. We are destroying weapons, terror infrastructures, command and control systems, Hamas institutions, regime buildings, the houses of terrorists, and killing terrorists of various ranks of command... The campaign against Hamas will expand in the coming days, and the price the organization will pay will be very heavy."

Comment: Apparently innocent families are terrorists.

read more

William Hague resigns as foreign secretary in major Tory reshuffle

Sadly, the only serious quality player in this government is now taking a lesser role and a Private lucrative Consultancy /Advisory income. Show me the money wins again!

William Hague’s move to become leader of the Commons has echoes of the path taken by Robin Cook after the 2001 election. Photograph: Joe Klamar/AFP/Getty Images

  • Foreign secretary takes lesser role of Commons leader
  • Defence secretary Philip Hammond set to replace Hague
  • Damian Green, David Willetts and Dominic Grieve also out

The Guardian
By Nicholas Watt
15 July 2014

William Hague is to stand down as foreign secretary with immediate effect and will take on the lesser role of leader of the House of Commons as David Cameron embarked on the most far reaching reshuffle of the parliament that was dubbed a new "night of the long knives".

A far wider than expected cull of male ministers saw the former chancellor Kenneth Clarke leave the government alongside Damian Green, the policing minister, Dominic Grieve, the attorney general, and David Willetts, the universities and science minister.

Philip Hammond, the highly eurosceptic defence secretary, emerged as the leading candidate to replace Hague at the foreign office. Hammond, who said last year that he would vote to leave the EU if it remained in its presence form, would assume the mantle of the cabinet's most senior eurosceptic as foreign secretary.

read more

The Ugly Face of the North American Union

This border mass is Obama's mess. Porous borders, the Mexican people smuggling gangs are loving it. Maybe he gets his cut on that also, our Lil Ol Chicago Boy!

14 July 2014

For the last several years, the press on the disastrous North American Union has been off front-page news. Nonetheless, the plans to remove barriers and open up borders keeps chucking along. Those who belief this course is desirable or those who conclude that it is unpreventable because the climate of globalization is overpowering, are subversive collaborators of the NWO or gutless wimps that deserve to be run over by the hordes of barbarians that flood our country.

Jerome R. Corsi writes in the essay, Kerry signals advance of 'North American Union' plan, "with the expected ratification by Congress of the Trans-Pacific Partnership, or TPP, the Obama administration already considers the U.S., Mexico and Canada as part of a "post-NAFTA" world." What a horrendous admission to make. As stated in the article,

Obama Presses "North American Union" With Mexico, Canada, and this plan for hemispheric integration has a very long record of treason. Some background leading to the current crisis.

"Following the establishment of NAFTA in 1994, under the Clinton administration, President George W. Bush attempted to deepen the U.S.-Canada-Mexico tri-national region with the Security and Prosperity Partnership (SPP), but public opposition spearheaded by this publication, The John Birch Society, WorldNetDaily, Phyllis Schlafly’s Eagle Forum, and other pro-independence, pro-Constitution groups, forced the Bush administration to shelve the plan — temporarily — and drop the tainted SPP moniker.

At the same time, the Bush administration was pushing the broadening agenda, under the banner of the Free Trade Area of the America’s (FTAA), an endeavor launched during the Clinton administration to expand NAFTA to include all the nations of North and South America. As with the SPP, an awakened electorate put sufficient heat on the U.S. Congress to torpedo the FTAA. The subversive integration/merger plans that The New American had been exposing for years were confirmed in 2011 with the release by WikiLeaks of U.S. State Department cables showing that U.S. officials had been colluding with their Canadian and Mexican counterparts to undermine our constitutional government through various "integration" schemes. (See here and here.)"

Therefore, it comes as no surprise when General Petraeus announces, "After America Comes North America." He also boasted about how the three economies have been put "together" over the last 20 years as part of the "implementation" of the North American Free Trade Act. As The New American publication proves, resistance to a NAU is not only justified but also necessary if America is to survive as an independent nation.

read more