Star of David

'Israel under renewed Hamas attack', says the BBC. More balance is needed


Israeli airstrikes murder civilians in Gaza
"Israel under renewed Hamas attack": this was last night's BBC headline on the escalating bloodshed in Gaza. It is as perverse as Mike Tyson punching a toddler, followed by a headline claiming that the child spat at him. As Elizabeth Tsurkov, a Tel Aviv-based Israeli human rights activist, tweeted: "We are targeted by mostly shitty rockets. Gazans are being shelled with heavy bombs. We have shelters, sirens, Iron Dome. They have 0."

There is no defence for Hamas firing rockets into civilian areas, and as sirens wail in Israel, the fear among ordinary Israelis should not be ignored or belittled. But the media coverage hardly reflects the reality: a military superpower armed with F-15 fighter jets, AH-64 Apache helicopters, Delilah missiles, IAI Heron-1 drones and Jericho II missiles (and nuclear bombs, for that matter), versus what David Cameron describes as a "prison camp" firing almost entirely ineffective missiles. Twenty-seven Palestinians are reported to have died in Gaza - and, mercifully, no Israelis have been killed by Hamas rockets - and yet the BBC opts for the Orwellian "Israel under renewed Hamas attack".
Dollar

End of the $Dollar: France lashes out against US dollar, calls for 'rebalancing' of world currencies


French Finance Minister Michel Sapin
The French government wants to break the monopoly the dollar has on international transactions after the country's largest bank, BNP Paribas, was slapped with a record $9 billion fine and a 1-year dollar trading ban.

Michel Sapin, the French finance minister, called for a "rebalancing" of the currencies used for global payments, saying the BNP Paribas case should "make us realize the necessity of using a variety of currencies" the Financial Times reports.

"We [Europeans] are selling to ourselves in dollars, for instance when we sell planes. Is that necessary? I don't think so. I think a rebalancing is possible and necessary, not just regarding the euro, but also for the big currencies of the emerging countries, which account for more and more of global trade," the finance minister told the FT at a conference over the weekend.

Comment: As Sott.net editors made clear on last night's Sott Talk Radio show, there is growing evidence that the USA's days as the dominant world power are numbered, and indeed, that the 'Number 1' position that the USA has enjoyed for the last 100 years has been an aberration, an anomaly that has caused untold suffering on the planet and only came about through manipulation, threats, dirty tactics and aggression.

The reality of the situation is that the majority of the world's resources are found in Eurasia, and that the nations of the Eurasian landmass have been kept artificially divided and 'down' by the machinations of the US elite and their ideological kin in Western Europe. With the resurgence of Eurasian nations, primarily Russia and China, and the increasing exposure of the US economy being backed mainly by military force rather than tangible assets, the old status quo is being seen as no longer tenable, and the USA is increasingly being exposed as a failing and desperate Empire that is acting in increasingly erratic and irrational ways as it sees the writing on the wall.

USA

U.S. flag recalled after causing 143 million deaths


Flags affected by the recall range from halftime-show extravaganza models to the smallest lapel pins.
Washington - Citing a series of fatal malfunctions dating back to 1777, flag manufacturer Annin & Company announced Monday that it would be recalling all makes and models of its popular American flag from both foreign and domestic markets.

Representatives from the nation's leading flag producer claimed that as many as 143 million deaths in the past two centuries can be attributed directly to the faulty U.S. models, which have been utilized extensively since the 18th century in sectors as diverse as government, the military, and public education.

"It has come to our attention that, due to the inherent risks and hazards it poses, the American flag is simply unfit for general use," said Annin & Company president Ronald Burman, who confirmed that the number of flag-related deaths had noticeably spiked since 2003. "I would like to strongly urge all U.S. citizens: If you have an American flag hanging in your home or place of business, please discontinue using it immediately."
Light Saber

Putin speech to Russian diplomats: 'The time of U.S. world domination has ended'

Putin
© Christian Science Monitor
Putin addresses Russian diplomats (Credit: Kremlin.ru)
This week in Moscow President Vladimir Putin made a major foreign policy statement, while speaking to a worldwide gathering of Russian ambassadors and permanent diplomatic representatives. According to Putin, the West did not give Moscow a choice, but to move to annex Crimea last March to defend Russians and Russian-speakers "that consider themselves part of the wider Russian world" ("Ruskiy Mir"). Putin insisted that NATO planned to swiftly move its forces into Sevastopol and radically change the balance of power in the region, depriving Russia of everything it had been fighting for since the times of Tsar Peter the Great.

According to Putin, the present crisis in Ukraine is a manifestation of the core Western policy of "deterring Russia" that continued despite the end of the Cold war. Putin announced Moscow would continue to defend the rights of Russian "compatriots" living abroad "using political, economic and self-defense humanitarian operations." He declared that the time of U.S. world domination has ended and Russia will be reintegrating the Eurasian landmass [former USSR], while promoting better relations with Europe, "which is our natural partner." The Russian foreign ministry was ordered to work on preparing "a joint space of economic and humanitarian cooperation from Lisbon to Vladivostok," based on absolute noninterference in internal political matters and excluding the U.S. Putin accused Washington of blackmailing Paris to stop the delivery of the French-built Mistral helicopter-carrying assault ships to the Russian Navy (kremlin.ru, July 1). The first Mistral is planned for delivery this year and it could be stationed in Sevastopol (Rossyskaya Gazeta, June 25).

Putin's speech was controversial: while accusing the West of ignoring international law and interfering in others' affairs by promoting so called "democracy," Putin strongly asserted Russia's right to intervene in other nations internal affairs "to defend Russian compatriots abroad." The Kremlin rejects the West ideologically, politically and militarily, but Putin's speech did not spell out fully the practical part of the Russian foreign policy agenda (gazeta.ru, July1).


Comment: Unlike the western powers, Putin has a track record of doing what he says. Time will tell if this pattern will continue. But the more he continues to do so, the more it points out the total hypocrisy of the western powers. There are a lot nations in the world besides the G-8, and they are watching closely.

USA

Independence Day? 79 percent of Americans are completely okay with the current level of tyranny

On July 4th, the United States will celebrate Independence Day once again. But who in the world are we trying to kid? Our founders intended to create a society where freedom and liberty would be maximized, but that is not what America looks like today. Instead, we live in a country that literally has millions of laws, rules and regulations.

We have a government that is obsessed with spying on the entire planet and that tries to watch, monitor, track and record as much information about all of us as it possibly can. A "Big Brother" surveillance grid is being constructed all around us, and our militarized police are becoming more brutal with each passing day.

Sadly, most Americans don't seem too alarmed by any of this. In fact, a new Gallup survey has found that 79 percent of Americans are "satisfied" with the level of freedom in this nation. That is a very alarming statistic.

If most people believe that everything is "just fine", then our leaders are going to feel free to keep doing the same things that they have been doing.

That is why it is so frustrating that so many American "sheeple" appear to be so apathetic about the loss of our freedoms and our liberties.

But it was not all bad news in the Gallup survey. Let's take a look at the good news first...
Vader

Putin's economic advisor spells out joint Nazi-NeoCon strategy in Ukraine: 'U.S. militarizing Ukraine to invade Russia'


Target: Russia
Putin's economic advisor reveals the massive militarization of Ukraine, intended not only to crush Donbass, but to re-take Crimea, and be the puppets to start another world war for further consolidation of U.S. hegemony over Eurasia.

USA

Paul Craig Roberts: 'Washington leadership has totally failed the world'

© TheAtlantic.com
A final number for real US GDP growth in the first quarter of 2014 was released today. The number is not the 2.6% growth rate predicted by the know-nothing economists in January of this year. The number is a decline in GDP of -2.9 percent.

The negative growth rate of -2.9 percent is itself an understatement. This number was achieved by deflating nominal GDP with an understated measure of inflation. During the Clinton regime, the Boskin Commission rigged the inflation measure in order to cheat Social Security recipients out of their cost-of-living adjustments. Anyone who purchases food, fuel, or anything knows that inflation is much higher than the officially reported number.

It is possible that the drop in first quarter real GDP is three times the official number.

Regardless, the difference is large between the January forecast of +2.6 percent growth and the decline as of the end of March of -2.9 percent.

Any economist who is real and unpaid by Wall Street, the government, or the Establishment knew that the +2.6 percent forecast was a crock. Americans' incomes have not grown except for the one percent, and the only credit growth is in student loans, as those many who cannot find jobs mistakenly turn to education is the answer.
Piggy Bank

Global economic crisis is accelerating - 18 signs

© Survivalbased.com
A lot of people that I talk to these days want to know "when things are going to start happening". Well, there are certainly some perilous times on the horizon, but all you have to do is open up your eyes and look to see the global economic crisis unfolding. As you will see below, even central bankers are issuing frightening warnings about "dangerous new asset bubbles" and even the World Bank is declaring that "now is the time to prepare" for the next crisis. Most Americans tend to only care about what is happening in the United States, but the truth is that serious economic trouble is erupting in South America, all across Europe and in Asian powerhouses such as China and Japan. And the endless conflicts in the Middle East could erupt into a major regional war at just about any time. We live in a world that is becoming increasingly unstable, and people need to understand that the period of relative stability that we are enjoying right now is extremely vulnerable and will not last long. The following are 18 signs that the global economic crisis is accelerating as we enter the last half of 2014...

#1 The Bank for International Settlements has issued a new report which warns that "dangerous new asset bubbles" are forming which could potentially lead to another major financial crisis. Do the central bankers know something that we don't, or are they just trying to place the blame on someone else for the giant mess that they have created?

#2 Argentina has missed a $539 million debt payment and is on the verge of its second major debt default in 13 years.

Comment: It is far better to be prepared for collapse than caught unaware.

See: Should one prepare for a collapse or not?

Also see our Forum thread here on Preparedness.

Vader

US waging economic war against Russia, one pipeline at a time

south stream pipeline
© Reuters / Sergey Karpukhin
While the human politics of the crisis in Ukraine garner all the headlines, it is the gas politics that in many ways lies at the heart of the conflict.

Indeed, the energy issue has not only framed much of the economic dimensions of the crisis, it has revealed the deep divides that exist among the political and business elite of Europe who, despite their bluff and bluster about Russia's actions in Ukraine and the expansion of sanctions, understand quite clearly that Russia is an integral part of Europe's economic future.

However, that hasn't stopped the West and its proxies and clients in Eastern Europe from attempting to undermine Russia's strategic economic position through a variety of means. From derailing negotiations over pipeline construction to using puppet governments as a wedge between Moscow and Europe, the US and its allies have attempted to undermine Russia's economic and strategic position vis-à-vis gas delivery infrastructure, while simultaneously strengthening their own.
south stream pipeline
© RIA Novosti / Ramil Sitdikov
Ukraine and the threat to Russia and Europe

Lost amid the horror stories of Kiev's military assault on the people of Donbas, the vicious attacks by Right Sector Nazis, and the general state of chaos in Ukraine's political institutions, is the fact that one of the central aspects of the Ukraine-Russia conflict is gas. Specifically, it centers on the Russian energy delivery infrastructure (pipelines, refineries, etc.) in Ukraine and its vital importance to Russia's continued energy exports to Europe.

Also, Kiev and the Russian energy giant Gazprom have been busy trying to negotiate terms of payment for the massive bill (at least $4 billion, though likely more) Ukraine owes, which undoubtedly raises the stakes for both sides as billions of dollars are on the line. Were the conflict only financial, then undoubtedly a resolution could be reached. However, in recent weeks there have been dangerous developments and accusations, which have cast the issue in a new light; it is no longer merely about profits, it's about security.
Pirates

The Truthseeker: Ukraine Gangster State calls for 'nuclear strikes' against Russia

Ukraine's parliament moves to quit Nuclear Non-Proliferation Treaty; Ukrainian Nazis are conducting 'regular reconnaissance visits to nuclear power stations'; Billionaire governor, whose Privatbank is top recipient of new IMF bailout, being placed on international wanted list for 'banned methods of warfare and aggravated murder'.

Seek truth from facts with intelligence expert William Engdahl; economist Professor Michael Hudson; former US intelligence officer Scott Rickard; and the prosecutor who put Yulia Timoshenko's partner behind bars, Martha Boersch.

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