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How the CIA Launched the «Financial Pearl Harbor» Attacks on Russia and Venezuela

Central Intelligence Agency director John Brennan's long familiarity with Saudi Arabia, owing to the time he spent there as the CIA station chief in Riyadh in the 1990s and his knowledge of Saudi oil operations, has paid off. Petroleum industry insiders claim that Brennan's agents inside Saudi Aramco convinced the firm's management and the Saudi Oil Ministry to begin fracking operations in order to stimulate production in Saudi Arabia's oldest oil fields. The Saudis, who are not known for their hands-on knowledge of their nation’s own oil industry, agreed to what became an oil pricing catastrophe which would not only affect Saudi Arabia but oil producing nations around the world from Russia and Venezuela to Nigeria and Indonesia...

Wayne MADSEN | 20.12.2014


 

Where Europe Heads to? Harbingers of Political Storm

The daily routine has distracted the attention of ruling circles in Europe. They have failed to see in time the erosion of political order due to growing interference of EU supranational structures into the affairs of national states. The first warning was sounded during the May 2014 European Parliament election. Miscellaneous and sundry political parties united in their anti-EU drive received 30% of the votes. The Treaty of Lisbon was concluded in 2007 to replace the failed EU Constitutional Treaty. Since then it has become clear that the European integration is quite a reversible process...

Vladimir NESTEROV | 14.12.2014


 

South Stream 2.0: The Energy Wars Continue (I)

In the next few years, Russia’s decision to put a stop to the South Stream project will become a deciding factor in how the energy situation develops not just in Europe, but in the whole of the Eurasian continent... European players in the gas market are looking for ways to expand their energy cooperation with Russia, despite attempts by the European Commission to sabotage their aspirations. The Slovak gas transmission system operator Eustream is planning to build a pipeline from Slovakia to the Bulgarian-Turkish border, so is hurrying to join a new plan for the transportation of Russian gas to Europe through Turkey. It is the first specific consequence of revised plans to build the South Stream pipeline...

Pyotr ISKENDEROV | 13.12.2014


 

South Stream to Change Direction. Russia Cannot be Squeezed Out of Energy Market

During his trip to Turkey Russian President Vladimir Putin announced the decision to give up the South Stream pipeline project in favor of a new route redirected to Turkey. An important event preceded the statement. Israel proposed that EU countries invest in a multi-billion euro pipeline to carry its natural gas to the continent. At the international conference «Building Euro-Mediterranean Energy Bridge» that ended in Rome in mid-November Israel's Minister for Energy Silvan Shalom described a project for transportation to Europe of gas produced in the Eastern Mediterranean to Vice-President of the European Commission and Commissioner for Energy Union Maros Sefcovic. Shalom ensured Sefcovic that the gas resources in the huge offshore deposits Tamar and Leviathan (240 and 480 billion m3, respectively) may be directed to Europe through Cyprus and Italy at a «special price». He openly stated that the project may lessen the EU’s dependence on Russian gas supplies...

Dmitry MININ | 08.12.2014


 

Oil Prices and Energy Wars: The Empire of Frack versus Russia

Energy prices started to move downward in late-2014, when Saudi oil began to flood energy markets. Variations of two main schools about this emerged. One school explained things purely on the basis of business interests whereas the other school viewed the drop in oil prices geopolitically... Washington is responsible for the price drops in one way or another. Whether intentional or not, what should not be forgotten is that the last time prices fell dramatically was a few months before the global economic meltdown in 2007. Inadvertently or not, Washington’s push for sanctions could be leading to another international economic crisis.

Mahdi Darius NAZEMROAYA | 05.12.2014


 

Petersburg Dialogue: a Look from Berlin

...Since a long time ago the United States and Great Britain have been rebuking Germany for excessive pacifism. Some time ago Washington and London joined efforts to make Bundeswehr boost its Afghanistan contingent. Finally Germany increased its military presence in the Hindu Kush Mountains. Now Germans have become contemptuous of pacifism. Though they don’t mean Afghanistan this time. Germany should be prepared to intimidate Russia as well as detect, capture and eliminate terrorists in their hideouts, like the ISIS militants, for instance, says Dr. Guido Steinberg of the German Institute for International and Security Affairs (Stiftung Wissenschaft und Politik – SWP) in Berlin, a think tank known to provide analysis on foreign policy issues to the Bundestag and the German Federal Government...

Natalia MEDEN | 02.12.2014


 

APEC Summit Over: Hobbled Hegemon and Assertive Leader

The dialogue between the US and Chinese leaders was a major event at the recent APEC summit that wound up last week. Before that the US President visited China in 2009. A lot of things related to the bilateral relationship have changed since then - with its global clout grown, China has become increasingly confident and assertive.  The title of the article A Beleaguered Barack Obama Goes to Meet a Confident Xi Jinping at APEC published by US weekly Times mirrors the things almost precisely as they are...

Alexander SALITZKI | 19.11.2014


 

The Internationalisation of the Yuan (II)

...The reserve currency issuing countries have balance of payments deficits. It means that a reserve currency is a trap. Back in the early 1960s Belgian-American economist Robert Triffin said there is a fundamental incompatibility between the attainment of US global economic stability and having a single national currency perform the role of the world’s reserve currency... The dollar started to function as a real reserve currency only when the United States foreign trade deficit became stable...

Valentin KATASONOV | 04.11.2014


 

The Internationalisation of the Yuan (I)

The issue of turning the yuan into an international currency is the subject of much controversy. Some believe that Beijing should opt for full convertibility of the yuan, turning it into a fully-fledged international currency. Others believe that the yuan is already an international currency, citing impressive figures that reflect the growing use of the Chinese currency in international trade. Still others hold the view that turning the yuan into an international currency would be of no benefit to Beijing, and the Chinese authorities are even intentionally preventing it. The complexity of the problem lies in the fact that moving the yuan towards internationalisation involves three distinct phases: turning the Chinese currency into a) a trading currency, b) an investment currency, and c) a reserve currency...

Valentin KATASONOV | 19.10.2014


 

Finnish Word Мaalaisjarki Means Common Sense in English

In response to Washington-inspired sanctions imposed by the West Russia banned food products from the European Union, the United States, Australia, Canada and Norway... Having become hostages of the EU myopic policy, European companies lose profits and have to fire their employees to fill the ranks of European unemployed. Valio, a Finnish dairy producer, is a good example. Recently it has announced one more round of job cuts... Esa Luomanperä, a joint stock company director, warned about problems to emerge in case export is stopped. In Finnish maalaisjarki does not exactly mean common sense. The word has a special meaning hard to convey with the help of literal translation. It is related to the notion of reasonable thinking and practical wisdom – a kind of pragmatic mentality typical for peasants. Maalaisjarki is what Esa Luomanperä alludes to when he says that Western politicians should be able to look ahead a bit, «The ongoing trade war is like a chess game. And it takes two to play chess»...

Vladimir NESTEROV | 05.10.2014




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OUR COLUMNIST
    Nikolai BOBKIN

Iran: Coming out in the Open to Join First Line of Battle against Islamic State

...Iran realizes that Iraq turns into a springboard for launching an Islamic State aggression against Iran so it makes no secret of its involvement there anymore. The supreme leader of Iran Ali Khamenei says the activities of the US and its allies lead to split among Muslims instead of eradicating terrorism. Tehran believes that the only way to counter the threat is to make Iraqi Shiites join the fight against terrorists. The unparalleled in scale pilgrimage of Iraqi and Iranian believers to the Shia holy city of Kerbela is a telling example of Shiites’ unity...

21.12.2014
 
 
 
 
 
 
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