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Ukrainian Su-25 fighter detected in close approach to MH17 before crash - Moscow
 
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Putin: West should demand Kiev obey ceasefire during plane crash probe...

Three foreign citizens and one Afghani die in terrorist attack in Kabul...

Shelling of Luhansk killed 5 civilians, more than 20 houses damaged...

Russia Allocates $140Mln to Address Influx of Ukrainian Refugees...

Ukrainian Parliament Approves Decree on Limited Mobilization...

Ukrainian Air Force Strikes City Located in Ceasefire Zone Surrounding Plane Crash Site...

Donetsk People’s Republic militiamen pass Boeing’s flight recorders to Malaysian experts...

Russia’s UN Envoy Says Ukraine Spreading Fabricated Fakes...

OSCE Says Dozens of Civilians Killed, Over 100 Injured in Luhansk Shelling...

Syrian Army Starts Large-Scale Operation in Jobar...

Poroshenko submits partial mobilization decree to Ukrainian parliament...

UN SC unanimously adopts resolution on Boeing crash in eastern Ukraine...

Israeli tank strikes on Gaza hospital kill 4, scores injured - medics...

Donetsk Militia Agrees on Ceasefire in 25-Mile Zone Around MH17 Crash Site...

Ten killed in air strike north of Baghdad...

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Valentin KATASONOV

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70 Years Dividing Bretton Woods Conference and Fortaleza Decisions

This July the world marks the 70 years anniversary of Bretton Woods Conference, formally known as the United Nations Monetary and Financial Conference... As 70 years since Bretton Woods have passed, a heavy blow was delivered against international financial institutions. The attack came from the resort city of Fortaleza in Brazil. Although the theme of the summit was “social inclusion”, at the top of the agenda is the creation of two new entities controlled entirely by the five BRICS members. The Bank is setup to foster greater financial and development cooperation among the five emerging markets. It would be headquartered in Shanghai, China and the first chief executive will come from India. The New Development Bank (NDB) will fund development projects independent of the US-controlled World Bank, and the Contingent Reserve Arrangement (CRA) will provide relief from the austere conditions and requirements of the IMF...

Valentin KATASONOV | 18.07.2014


 

Bretton Woods II and George Soros

...George Soros makes no secret of the fact that he does not like America. Not because it wages destructive wars around the world, or because of the country’s huge social polarisation, or because its prisons contin more than two million people, with a further four or five millions American who were sentenced to imprisonment currently at large because the country does not have enough prisons, or because the US organised an all-out surveillance of every telephone conversation in America. Soros does not like America because it still retains far too many attributes of a state. This is why Soros was one of Obama’s main sponsors during the pre-election presidential campaign. This also explains what initially seem to be certain illogical decisions and acts of the White House’s current occupant that are troubling the real patriots of America...

Valentin KATASONOV | 22.06.2014


 

What’s Behind the Campaign to Combat Banking Secrecy?

The institution of banking secrecy is on the brink of death. The destruction of the World Trade Center in New York on 11 September 2001 and the 2007-2009 financial crisis can both be considered fateful events for the future of banking secrecy. The first event was the start of the fight against terrorism organised by Washington, under the pretext of which the US authorities began trying to obtain open-ended access to information about banks’ customers, their accounts and transactions. The Patriot Act, passed after 11 September 2001, provided US intelligence agencies with full access to what had been classified banking information in America without having to obtain special permission from the public prosecutor’s office and the courts. Through various international organisations (the OECD, the IMF etc.), Washington later began to seek free access to banking information throughout the world...

Valentin KATASONOV | 15.05.2014


 

What Will the FBI Do with Stolen Ukrainian Assets?

Recently the U.S. State Department’s Office of the Spokesperson announced that the U.S. had sent a team of experts from the FBI, the Justice Department and the Treasury Department to assist Kiev in recovering stolen assets located abroad... The main part of Ukraine's assets abroad formed as a result of illegal export of capital by high-ranking officials and oligarchs... In evaluating the likelihood of Ukraine recovering even a small part of the tens of billions of dollars which were taken from it and exported abroad, it is useful to recall the story of former Prime Minister of Ukraine Pavel Lazarenko. He is serving a prison sentence in the U.S. for money laundering... 15 years have passed since Lazarenko's arrest in the U.S., but Ukraine has yet to receive a single dollar of the ex-prime minister's frozen funds. And it never will...

Valentin KATASONOV | 22.04.2014


 

The International Monetary Fund Might Not Live to See Its Anniversary

The latest meeting of the ministers of finance and central bank governors of the G20 countries took place April 10-11, 2014 in Washington. A key issue was the reform of the International Monetary Fund (IMF)... Through their inaction on the issue of reforming the IMF, the United States first and foremost is discrediting itself. And second, the Fund. Third, the G20. The Fund's reputation is plummeting especially fast considering that in recent years China has been giving "third world" countries loans similar in size to those offered by the IMF and the IBRD. But Beijing, unlike the IMF, does not set political conditions in the spirit of the Washington Consensus...

Valentin KATASONOV | 19.04.2014


 

Sensational News in the World of Finance

Recently the British newspaper The Guardian, and then the Bloomberg news agency, reported sensational news: over the week of March 5 through 12, the reserves of U.S. treasury securities in the depositary of the Federal Reserve System decreased by $104.5 billion... Neither the Federal Reserve nor the U.S. Treasury Department is giving any details on the reduction in U.S. treasury securities reserves. But there are theories. Almost all analysts agree that the withdrawal of securities from the Federal Reserve's depository was made by Russia, but experts differ in their opinions on the subsequent fate of the withdrawn securities...

Valentin KATASONOV | 20.03.2014


 

Bugaboo Stories about Bank War against Russia

...The Bloomberg news agency makes the same conclusion in its report published on Match 7... refers to the Bank for International Settlements (BIS), which states that, as of September 2013, Russia’s natural persons and legal entities kept $160 billion in the banks of 44 countries. In case the assets are frozen, Russia would refuse its liabilities. As of September 2013, foreign banks lent the country at least $242 billion, nearly double its estimated assets in the West (BIS data on 24 countries). As a result, the Bloomberg states, US and European banks will be the first to suffer from the sanctions... The West has too much too lose by launching a bank war against Russia...

Valentin KATASONOV | 19.03.2014


 

Ukraine and Economic Sanctions against Russia

As the events in Ukraine unfold, the voices calling for sanctions against Russia are raised louder in the West. They got united in a choir as the Russian Federation Council unanimously approved on March 1 the bill which envisions granting the President special powers to use the armed forces in Ukraine to prevent the spread of banditry and protect of Russian population in the brotherly nation... The imposition of sanctions should not be perceived as a tragedy. It would rather be an impetus for the country to launch industrial transformation in the XXI century. Russia should be prepared for the sanctions. The Federation Council is already on its way to come up with a bill granting the President the right to confiscate the property, assets and freeze the accounts of US and European companies in case the West launches sanctions against Russia. One of the main things to do in view of the would-be sanctions is to make Russian oligarchs return their foreign assets back to Russia...  

Valentin KATASONOV | 06.03.2014


 

IMF and Ukraine: Bleak Prospects for Future

It was reported recently that the International Monetary Fund (IMF) and Ukraine planned launching talks to nail down a new aid package. This year Ukraine is to pay off 6 billion dollars. It has asked the IMF for a $15 billion loan. Kiev hoped to receive it as early as April. But the talks have not started so far (a group of IMF experts is to visit Ukraine in early March) and there is no talking about any time frame... There is an impression that the IMF experts are coming to Kiev not for the purpose of making precise the conditions for granting a new loan, but rather to see if the International Monetary Fund could get back the money Ukraine owes to it this year and how quick it could be done. The country is on the verge of default. The situation is critical no matter what criteria are used for assessment. The Ukraine’s economy is burdened by internal and external debts...

Valentin KATASONOV | 04.03.2014


 

U.S. Sanctions against Iran and Iran's Response

Economic sanctions or the threat of economic sanctions are one of the main foreign policy tools of the West, especially the U.S. This tool is used to put pressure on other countries even more often than weapons or the threat of using weapons... Paradoxically, all of Washington's sanctions against Iran have only succeeded in freeing this enormous oil-producing country from the snare of the petrodollar standard which appeared forty years ago. And today Iran is more likely to agree to shut down its nuclear program than to once again submit to the petrodollar dictates of Washington...

Valentin KATASONOV | 19.02.2014




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OUR COLUMNIST
    Finian CUNNINGHAM

What are You Trying to Hide, Mr Obama?

Western leaders and their media would have us believe that Russian-backed terrorists and bandits not only shot down a civilian airliner killing all 298 onboard – but that they have added to their depravity by defiling the dead, kicking around body parts and robbing corpses... Despite Obama’s baseless disparagement of the self-defence militia as being «an insult to the international community», on the same day that he made that announcement the Malaysian Prime Minister Najib Razak was praising the local authorities for having made arrangements to retrieve the bodies and to hand over the vitally important black box recorders from the doomed airliner... Significantly, the Malaysian premier did not make the arrangements through the Kiev regime. He dealt directly with the Donetsk People’s Republic leader Alexander Borodai. The Malaysians disclosed publicly that 282 of the bodies recovered so far were to be transported in refrigerated train carriages to Donetsk and thence to the city of Kharkiv before being flown on to Amsterdam. The flight recorder black boxes were also to be handed over in Donetsk by militia members to an official Malaysian investigative team…

22.07.2014
 
 
 
 
 
 
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