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Fri, 05 Nov 2021
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Gold Bar

Preparing for dollar doomsday? Russia adds 6 more tons of gold to its coffers in May

gold bars
© Global Look Press / Erwin Rachbauer
The Central Bank of Russia (CBR) has purchased 200,000 troy ounces (6 tons) of gold in May, boosting bullion reserves to 2,190 tons.

Russia increased its gold reserves by 0.3 percent in one month from May 1 to June 1, the central bank reported on Thursday. In May, the regulator held some 2,183 tons of the precious metal.

Moscow has been actively beefing up bullion reserves in order to reduce reliance on the US dollar and to diversify its foreign exchange reserves. Russia's international reserves are highly liquid foreign assets comprising stocks of monetary gold, foreign currencies and Special Drawing Right (SDR) assets, which are at the disposal of the Central Bank of Russia and the government.

Crusader

Putin: Criticism of power has to be free and unimpeded

Russian protesters

Protesters hold a banner denouncing United Russia party as “the party of crooks and thieves”.
The Russian people are free to criticize the authorities on any level, Vladimir Putin said when asked about a law which opponents say could be used by officials to punish people who speak out against them.

"The criticism of power has to be free. People have the right and have to draw attention to problems, including those in the work of the institution of power. It's obvious," Russian President Vladimir Putin said before explaining that the main goal of the law is to protect Russia and its people from insults.

Comment: Putin vows accountability for police officers complicit in Golunov drug scandal
All officers involved in planting drugs on independent journalist Ivan Golunov must face penalties, Vladimir Putin said, urging more oversight over the police's counter-narcotics department.

"Law enforcement agencies should be controlled to eliminate any wrongdoing, so they don't put people in prison just to 'tick a box,'" Russian President Vladimir Putin said during the annual Q&A session when asked about Ivan Golunov, who was briefly imprisoned under dubious drug charges.

He went on to tell the audience that two high-ranking police generals lost their jobs following the scandal, but further action shouldn't be restricted to these dismissals. "I hope that there will be an inquiry to find those responsible for this abnormal situation," Putin added.

He also suggested the Interior Ministry and FSB set up a task force to keep an eye on police counter-narcotics units.

Golunov, who investigated corruption among Moscow officials, was handcuffed in central Moscow earlier this month and was accused by the police of possessing and selling drugs. He denied being a drug dealer and insisted that he had been framed by corrupt officers.

His arrest sparked massive rallies in Moscow and beyond, with Golunov receiving support from Russian journalists and public figures, who demanded a thorough inquiry into the alleged abuse of power by the police. Three leading newspapers printed nearly identical front pages on Monday, running a joint statement in support of the jailed journalist.

Last week, Russia's interior minister announced that Golunov was cleared of all charges due to a lack of evidence against him. He was released from custody and was met by a cheering crowd of supporters. Officers suspected of planting drugs to justify his prosecution were eventually suspended and now face an investigation.



Bad Guys

ABC's Good Morning America covers Hunter Biden's Ukraine, China dealings

Hunter Joe Biden
© Reuters
Thursday on ABC's "Good Morning America," ABC's chief national correspondent Tom Llamas laid out some of the issues concerning some of former Vice President Joe Biden son Hunter Biden's foreign business dealings, which appear to have coincided with certain events during the elder Biden's term as VP.

Joe Biden, a candidate for the 2020 Democratic presidential nomination, refused to answer questions about that topic when confronted on camera.

The report focuses on China and Ukraine, two places where the then-vice president was conducting diplomatic work, and the younger Biden.


Roses

Putin rattled by memories, recalling terrorist invasion of Dagestan and bravery of militia defenders

Police officers and militiamen in Dagestan
© Sputnik / V. Baranets
Police officers and militiamen in Dagestan in September 1999.
Putin seemed to be choking back tears in an emotional recollection of events 20 years ago, when a local militia in Dagestan, Russia took up arms and helped stop a large-scale incursion of Islamist fighters into their homeland.

Dagestan, one of Russia's southern republics, was attacked in August 1999 by hundreds of jihadists from neighboring Chechnya, a part of Russia that was not under Moscow's control at the time and became a hotbed of international terrorism. The invasion was initially successful, but was ultimately fought off with the help of local militias.

Russian President Vladimir Putin, who was holding his annual Q&A session on Thursday, recounted his own memories about the events during a conversation with several militia members from the mountainous Dagestani border village of Botlikh. The president was visibly emotional when speaking about the heroism of the Dagestani men during that dark hour.

"People of Dagestan then called me and said: if Russia will not or cannot defend itself and us, give us arms. I also recall how village leaders came to our troops when they arrived and asked: why aren't you firing from artillery. The commander responded: those are your homes; it takes generations to build a home in the mountains. The response shocked me: we don't care, fire!"

Bad Guys

FBI was warned early and often that Manafort "black ledger" file might be fake, used it anyway

Mueller

Robert Mueller
When the final chapter of the Russia collusion caper is written, it is likely two seminal documents the FBI used to justify investigating Donald Trump's 2016 campaign will turn out to be bunk.

And the behavior of FBI agents and federal prosecutors who promoted that faulty evidence may disturb us more than we now know.

The first, the Christopher Steele dossier, has received enormous attention. And the more scrutiny it receives, the more its truthfulness wanes. Its credibility has declined so much that many now openly question how the FBI used it to support a surveillance warrant against the Trump campaign in October 2016.

At its best, the Steele dossier is an "unverified and salacious" political research memo funded by Trump's Democratic rivals. At worst, it may be Russian disinformation worthy of the "garbage" label given it by esteemed reporter Bob Woodward.

Comment: Sounds like the FBI took a page from the movie Wag the Dog:


Dollars

Your tax dollars at work? Venezuela's Maduro says plot to kill him cost $20mn

maduro speech
© Reuters/Ivan Alvarado
Venezuelan President Nicolas Maduro
Venezuelan President Nicolas Maduro said foreign backers financed the failed attempt on his life last summer to the tune of $20 million, which he says was distributed to opposition members in neighboring Colombia.

"The plan to kill me that was executed in August cost several million, there is talk of 20 million dollars," President Maduro told the Bolivarian Army Academy on Tuesday at an event televised on state media.

Comment:


Bad Guys

Pompeo blocks inclusion of Saudi Arabia on list of countries that use child soldiers

Mike Pompeo
© Reuters
US Secretary of State Mike Pompeo speaks at a joint news conference in The Hague, Netherlands on June 3, 2019.
Secretary of State Mike Pompeo has blocked the inclusion of Saudi Arabia on a U.S. list of countries that recruit child soldiers, dismissing his experts' findings that a Saudi-led coalition has been using under-age fighters in Yemen's civil war, according to four people familiar with the matter.

The decision, which drew immediate criticism from human rights activists and a top Democratic lawmaker, could prompt new accusations that U.S. President Donald Trump's administration is prioritizing security and economic interests in relations with oil-rich Saudi Arabia, a major U.S. ally and arms customer.

Pompeo's move followed unusually intense internal debate. It comes amid heightened tensions between the United States and Iran, the Saudis' bitter regional rival.

Eye 1

Saudi crown prince linked to Khashoggi murder in U.N. report

Saudi Crown Prince Mohammed bin Salman
Saudi Crown Prince Mohammed bin Salman and other senior officials should be investigated over the murder of journalist Jamal Khashoggi given credible evidence against them, a U.N. rights investigator said on Wednesday.

Khashoggi's death stirred widespread disgust and hurt the image of the prince, previously admired in the West for pushing to end the kingdom's oil dependence and easing social restrictions including by allowing women to drive.

After a six-month investigation, the 100-page report by the U.N. special rapporteur on extrajudicial executions, Agnes Callamard, accused Saudi Arabia of a "deliberate, premeditated execution".

"There is sufficient credible evidence regarding the responsibility of the crown prince demanding further investigation," Callamard said.

Eagle

Washington's intelligence community demands vast amounts of taxpayer money - and continues to request even more

American Intelligence Community
While most of us are aware of the massive U.S. intelligence network, we rarely see exactly how much this network costs taxpayers. In this posting, I want to look at the budget for the Department of Defense's Military Intelligence Program or MIP as well as the National Intelligence Program or NIP. Fortunately, in a June 2018 Congressional Research Service report on intelligence community spending, Micheal DeVine provides us with a detailed look at spending on both the National Intelligence Program and the Military Intelligence program so that we can put the budget requests for fiscal 2020 into context.

Let's open by looking at the component organizations of the U.S. intelligence community (effective 2018):

Here is a description of intelligence and intelligence-related activities that are part of the United States' intelligence community:

component organizations of the U.S. intelligence community
"1.) The collection, analysis, production, dissemination, or use of information that relates to a foreign country, or a government, political group, party, military force, movement, or other association in a foreign country, and that relates to the defense, foreign policy, national security, or related policies of the United States and other activity in support of the collection, analysis, production, dissemination, or use of such information;

2.) Activities taken to counter similar activities directed against the United States;

3.) Covert or clandestine activities affecting the relations of the United States with a foreign government, political group, party, military force, movement, or other association;

Comment: Catherine Austin Fitts: Under cover of political rancor, both parties vote to keep billions in 'Black Budget' secret


Info

Catherine Austin Fitts: Under cover of political rancor, both parties vote to keep billions in 'Black Budget' secret

black budget
Investment advisor and former Assistant Secretary of Housing Catherine Austin Fitts says when it comes to making government accounting secret, there is widespread bipartisan support. We are talking about the new rule from the Federal Accounting Standard Advisory Board (FASAB rule 56) that took government accounting dark. Fitts explains, "If you look at FASAB rule 56, it was approved by both the (Trump) Administration and the bipartisan (Congress) on the same week that everybody was screaming about Judge Kavanaugh. It was passed while we had all the hearings on Mr. Kavanaugh's teenage sex life. At the same time everybody supposedly looks like they are fighting, we had a bipartisan Congress and Administration pass this very quietly underneath the attention given to the Kavanaugh hearings."