The John James Newsletter 35
13 December 2014.
Grandmaster Putin’s Golden Trap
Putin is selling Russian oil and gas only for physical gold. Though he still accepts US dollars he immediately exchanges these dollars for physical gold! ….. The Western economy is in Putin’s trap, the way out of which no one in the West can see or find. And the more the West is trying to escape from this trap, the more stuck it becomes.
Washington’s Frozen War Against Russia
The danger of war between the two nuclear powers is now much greater than during the Cold War. Nothing the Russians say or do can have any effect. The US has invented a totally fictional story about Russian “aggression” which the President, the mass media and Congress have accepted and endorsed. Russian leaders have responded with common sense, remaining calm despite the invective thrown at them. It has done no good whatsoever. The positions are frozen. When reason fails, force follows. Sooner or later.
I remembered that when I read the news that the world has lost 52% of its vertebrate wildlife over the past 40 years. It’s a figure from which I’m still reeling. To love the natural world is to suffer a series of griefs, each compounding the last. It is to be overtaken by disbelief that we could treat it in this fashion. And, in the darkest moments, it is to succumb to helplessness, to the conviction that we will keep eroding our world of wonders until almost nothing of it remains. There is hope, but at times like this it seems remote.
Civilisation is Boring
Bail-in law planned for Australia. Pay attention if you value your savings.
Bail-in is the name for the Cyprus-style confiscation of bank deposits, or their conversion into worthless bank shares, in order to keep the big banks afloat in a financial crisis. In Brisbane the G20 leaders changed the rules of banking. Deposits are now “just part of commercial banks’ capital structure.” That means they can be “bailed in” or confiscated to save the megabanks from derivative bets gone wrong. Rather than reining in the massive and risky derivatives casino, the new rules prioritize the payment of banks’ derivatives obligations ahead of everyone else. That includes not only depositors, public and private, but the pension funds that are the target market for the latest bail-in play, called “bail-inable” bonds. Thus, most of the world’s debt problems have been re-financed to mature at a later date. It may not be clear to ordinary bank depositors that when ‘bail in’ legislation is adopted in Australia your savings could be confiscated to recapitalise a bank that’s big losses. As in Cyprus.
New G20 Rules: Cyprus-style Bail-ins to Hit Depositors AND Pensioners
“Global bank liquidity framework” is really just technocrat-ese for “global bankster plan to prop up insolvent banks using other people’s money, and so instantly impoverish everyone who still has any savings left”. The Australian government planning to steal your money to “bail-in” so-called “systemically-important financial institutions” — under the orders of an unelected international body (of bankers and bureaucrats) funded by the Bank for International Settlements and chaired by Goldman Sachs alumni. Please study the detailed primary source evidence in this blog’s original breaking story published in April.
Australia Plans Cyprus-Style “Bail-In” Of Banks In 2013-14 Budget
The significance of the Land-based Silk Route – 16 days compared to 36 by sea.
Islamic State Claims ‘Radioactive Device’ Now in Europe
An alleged weapons maker for the Islamic State claimed that a “radioactive device” has been smuggled into an undisclosed location in Europe.
Senate gives Scott Morrison unchecked control over asylum seekers’ lives
The passage of the migration and maritime powers legislation amendment has given the immigration minister unprecedented, unchallengeable, and secret powers to control the lives of asylum seekers. With the Senate’s acquiescence, Scott Morrison has won untrammelled power. No other minister, not the prime minister, not the foreign minister, not the attorney-general, has the same unchecked control over the lives of other people.