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Tue, 02 Nov 2021
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Dollars

Russia adds Chinese yuan as currency reserve

Chinese Yuan
© Str / Reuters
The Central Bank of Russia has included the Chinese yuan in its reserve currency basket, TASS reports. The move is expected to boost the yuan's presence in the Russian financial market.

As of December 31, 2014, the latest data available, the US dollar was still dominating Russia's forex basket at 44 percent. The second most-used foreign currency was the euro with 42 percent. The British pound made up 9.5 percent.

According to Vesti.Finance, the Central Bank made the decision in November, but hasn't bought the yuan yet.

Pocket Knife

Pepe Escobar: 'Why did Turkey stab Russia in the back?'

Turkish President Recep Tayyip Erdogan and U.S. President Barack Obama
© AFP
Russia's and Turkey's objectives in fighting the Islamic State group are diametrically opposed.

It's absolutely impossible to understand why the Turkish government would engage in the suicidal strategy of downing a Russian Su-24 over Syrian territory - technically a NATO declaration of war on Russia - without putting in context the Turkish power play in northern Syria.

President Vladmir Putin said the downing of the Russian fighter jet was a "stab in the back." So let's see how facts on the ground allowed it to happen.

Jet2

NYU Professor: Turkey ambushed Russian Su-24 to protect its proxies in Syria

Image
© Sputnik
The shooting down of the Russian Su-24 bomber was a planned attack and a trap set by the Turkish Air Force, Dr. Mark Galeotti, the Professor of Global Affairs at the New York University, told Radio Sputnik.

"What it in fact seems to be, as many are saying, it was more of an ambush than anything else," Galeotti told Sputnik.

By downing the Russian plane, Turkey had two things in mind. First of all, Ankara wants to assert itself as a powerful regional actor, especially considering Russia's active participation in Syria. The Turkish government thought that by shooting down its plane Turkey would make Russia take Ankara more seriously in the future.

Secondly, the Turkish government wanted to protect its allies, whom Russia's currently bombing in Syria, Galeotti, an expert in Russo-Turkish relations, explained.

Comment: The professor could be half right. The Russians fighter jet was definitely ambushed, as the pilot himself said no warning was given. But it may not have been Turkey behind the ambush: Always the last to know: Did Turkish government find out about shoot-down of Russian jet after the fact?. It's not just Turkey who has a vested interest in protecting the terrorists in Syria.


War Whore

Syria rebel commander who bragged about killing Russian pilot is really Turkish ultra-nationalist and son of Turkish provincial mayor

Image
© RT / DHA
A Syrian rebel commander who boasted of killing a Russian pilot after Turkey downed Russian jet on Tuesday appeared to be Turkish ultranationalist and a son of former mayor in one of Turkish provinces.

Alparslan Celik, deputy commander of a Syrian Turkmen brigade turned out to be the son of a mayor of a Keban municipality in Turkey's Elazig province.

He also turned out to be the member of The Grey Wolves ultranationalist group, members of which have carried out scores of political murders since 1970s.

Celik came under spotlight after he announced that as the two Russian pilots descended by parachute after the Su-24 jet was downed by Turkish military, both were shot dead by Turkmen forces on Tuesday.

A graphic video posted earlier on social media purported to show a Russian pilot lying on the ground surrounded by a group of armed militants.

For more watch RT's William Whiteman's report.


Jet4

Putin and Hollande agree to share intelligence "fighting against common evil" ISIS in Syria

Image
© Twitter/@KremlinRussia_E
France and Russia have agreed to exchange intelligence data on Islamic State and other terror groups in Syria to increase the effectiveness of their air campaigns in the country as Vladimir Putin received his French counterpart, Francois Hollande, in Moscow.

"France is ready to work hand in hand with Russia to achieve a common goal of fighting terror groups and Islamic State in the first place," Hollande said after the talks on Thursday evening.

The two leaders have agreed that French and Russian airstrikes would be focused on Islamic State (IS, formerly ISIS/ISIL) and other jihadist groups and facilities under their control.

Comment: This agreement is not something anyone would have predicted occurring even a couple of weeks ago. If the attacks in Paris were meant to turn the French government against Russia, they have failed miserably so far.


Light Sabers

Lavrov: Russia suspending visa-free travel with Turkey

Image
© Igor Zarembo / Sputnik
Russia is suspending its visa-free regime with Turkey from January 1, 2016, Foreign Minister Sergey Lavrov said. The announcement comes in response to the downing of a Russian warplane by the Turkish Air Force earlier this week.

"We have decided to suspend the visa-free regime between Russia and Turkey. This decision will come into force on January 1," Lavrov said on Thursday, after a meeting in Moscow with his Syrian counterpart Walid Muallem.

Lavrov also called the suspension of visa-free travel between Russia and Turkey "not an empty threat but a real warning."

Turkey has established a flow of militants in different directions, Lavrov also said, stressing that Turkish authorities are not willing to cooperate on the issue of sharing information about Russian citizens on its territory.

"This year, Russia requested information about its citizens detained in Turkey on suspicion of terrorist activities. All requests were left without response," the foreign minister said during the press conference.

Comment: Between the economic loss that policy changes such as this will cause and the political ramifications, Turkey really shot themselves in the foot when they shot down the Russian jet.


Book 2

Greenwashing the Amazon Rainforest with GMOs? Monsanto & World Wildlife Fund team up

Image
In today's day and age there are so many charities and foundations out there that choosing the right ones to support, and to trust for that matter, can be especially problematic.

A lot of people just give to the ones that are best known like the WWF, Susan G. Komen and others without knowing where their money really goes.

While most charities do their fair share of good work, they also can have plenty of dark secrets.

Some are money hoarders whose CEOs bring home the big bucks while spending comparatively little on research or actual work on the ground.

Others are simply too bloated and internally divided to be effective.

And still others have been getting away with far worse: they spend their time fraternizing with the enemies causing the very same problems they've been been supposedly working to solve for decades.

Jet4

Sniveling little message boy - Did Washington just tell Erdogan to 'man up'?

Erdogan
© Umit Bektas/Reuters
Turkish President Tayyip Erdogan.
In the space of a few hours, Turkish President Recep Tayyip Erdogan went from running scared to defiant belligerence over the shooting down of the Russian fighter jet. It would appear that someone had a stiff word in his ear.

Tough-talking Turkish President? No. More like somebody's message boy.

When the news first broke on Tuesday that Turkish F-16s had downed a Russian Su-24 bomber near the Syrian border, the Erdogan government in Ankara immediately called for an emergency NATO summit.

Ankara rushed to explain that it was the party that had incurred an act of aggression from Russia. Erdogan was running scared because the facts were such that it was the Turks who had actually carried out an act of aggression against Russia, not the other way around.

And they knew it.

Suspiciously, Ankara did not contact Moscow about the incident, which would have seemed a normal thing to do in the aftermath of a serious incident in which a Russian aircrew was forced to eject and one of the pilots was subsequently killed.

Recall that Turkey claimed that it did not know the identity of the Russian warplane as it allegedly approached Turkish airspace. So if, as it turned out, the Turks shot down a Russian jet in a rapid encounter of uncertainty about its "national security", then why didn't Ankara make subsequent attempts to resolve the matter with the Russians as an urgent matter when the circumstances soon became clear? That would have been the expected behavior if the incident was simply an unfortunate, unforeseen confrontation.

Again, the inference is that Ankara knew full well that it was committing a sinister deed.

Attention

Crisis point: Turkey suspends Syria flights, unclear channels of information

Su-24
© sputniknews.com
Ankara suspends Air Force flights over Syria after attack on Su-24.
'We use only one channel in Syria. Contact us through this channel to send your warnings to avoid problems.' Despite the agreement with Russia and the monitoring of two Turkish commanders, the fact that the warplanes did not communicate through this channel...

The Turkish army has suspended flights over Syria
as part of an ongoing joint military campaign with the United States against the Islamic State of Iraq and the Levant (ISIL) after it shot down a Russian jet fighter, sparking an unprecedented crisis between Ankara and Moscow.
The decision was taken following the eruption of the crisis with Russia in which a Turkish F-16 downed a Russian warplane early Nov. 24 after it allegedly violated Turkish airspace, according to diplomatic sources.
Sources, speaking on condition of anonymity, stressed that the suspension of the Turkish jet fighters' participation in the U.S.-led military operations against ISIL was in fact a mutual decision taken with Russia, which also halted its aerial campaigns near the Turkish border. Both parties will continue to be as careful as possible in a bid to avoid a repetition of such incidents until they re-establish dialogue channels to reduce the tension.

Comment: If you have to phone home, please use the right number...unless, of course, you need a convenient excuse to have crossed the line. No matter the "set-up" and "execution," a line was crossed with deadly consequences.


Wall Street

HSBC whistleblower Falciani sentenced to five years in prison for exposing corruption

Herve Falciani
© Reuters/Denis Balibouse
Former HSBC employee Herve Falciani poses for photographs before a news conference in Divonne-les-Bains, France October 28, 2015.
Herve Falciani, an ex-employee of HSBC's Geneva private bank who leaked information on clients and their tax situation, has been sentenced to five years in prison for aggravated industrial espionage, the bank said on Friday.

HSBC said it welcomed the ruling on Falciani, a 43-year old French citizen who had been on trial in Switzerland.

HSBC's Swiss unit has been in the spotlight since 2008, when Falciani, a former IT employee there, fled Geneva with files that were leaked to the media and were alleged to show evidence of tax evasion by clients. French newspaper Le Monde has said it identified more than 106,000 clients.

Falciani, who is based in France, did not attend his trial and stayed out of Switzerland while it was going on.

He may not serve any time in a Swiss prison since France typically does not extradite its own citizens, and there are no legal proceedings against him in France.

Falciani's lawyer -- Marc Henzelin -- did not immediately respond to a request for a comment.

Comment: So HSBC gets no criminal charges and spends a trifling 40 million Swiss Francs in fines, while the man that exposes the corruption within the bank gets sentenced to 5 years in prison. How's that for 'blind justice'?