Puppet Masters
The US Treasury Department released its data on foreign ownership of its securities on Monday, showing that total holdings had risen 0.8 percent to a record $6.29 trillion.
China, the largest holder of US debt, has $1.24 trillion despite trimming its portfolio by 0.6 percent this year, followed by Japan, which increased its holdings by 0.4 percent to $1.14 trillion in March. The Cayman Islands ranked behind China and Japan with $265 billion in holdings, up 3.9 percent since February.
Among the oil exporting countries, Saudi Arabia leads the pack, while ranking 13th overall, holding $116.8 billion in US debt.
Dubbed "Justice Against Sponsors of Terrorism Act," the bill sailed through the upper chamber of Congress without opposition Tuesday. It now heads to the House of Representatives, which has its own version of the proposal.
"This bill is very near and dear to my heart as a New Yorker because it would allow the victims of 9/11 to pursue some small measure of justice," said Senator Charles Schumer, a New York Democrat, according to The Hill. "[This is] another example of the [John] Cornyn-Schumer collaboration, which works pretty well around here."
Senator John Cornyn, a Republican from Texas, co-sponsored the bill and apparently prevailed over his South Carolina colleague Lindsey Graham, who had put a hold on the bill last month, citing concerns it would open the US up to lawsuits by foreign governments.
Graham's office said he dropped the hold over the recent recess, The Hill reported.
The bill faces bipartisan opposition in the lower chamber and the executive branch, however.
"This is a major policy change," Senator Wyden (D-Oregon) told the Los Angeles Times. "This has been buried from the public and from their elected officials. And they should know about it. This is not just a modest administrative change."
The amendment contested by Wyden and Senator Paul (R-Kentucky) was requested by the Department of Justice to update Rule 41 of the Federal Rules of Criminal Procedure. Adopted by the Supreme Court last month and passed on to Congress for review, it would create a sweeping expansion of law enforcement's ability to engage in hacking and surveillance.

A sales representative poses behind a nine-tael 24K gold in the shape of a dragon
At current prices (about $1,300 per ounce) up to $90 billion worth of gold could be stored inside the London-based storage.
The world's biggest bank by assets, ICBC will become the first Chinese lender to own a vault in London. The bank intends to expand its role in the gold business and will gain more influence in trading, pricing and storage of precious metals. Last week, ICBC became a member of London's precious metals clearing system where trades are settled.
The purchase "enables us to better execute on our strategy to become one of the largest Chinese banks in the precious metals market," said Mark Buncombe, ICBC Standard Bank's head of commodities, as cited by the BBC. The deal is expected to be completed in July but no financial details have been released thus far.
China is the world's largest consumer of gold. According to Wells Fargo, the country now consumes about 40 percent of the gold mined around the world annually. Chinese imports of the yellow metal have surged over 700 percent since 2010.
Gold has been traded in London for over 300 years. About $5 trillion in transactions were handled in London's bullion market in 2015.
Comment: Apparently the Chinese are not the only ones who think gold is a prudent buy.
- What does he know? Soros dumps US stocks, buys gold
- De-dollarization' deepens: Russia buys most gold in six months, continues selling US Treasuries
- Russia's smart move to buy gold could end up saving the ruble
"We pledged our support for transforming the cessation of hostilities into a comprehensive ceasefire. We are committed to use our influence, to use the parties to [push for] cessation in order to ensure compliance," Kerry said.
Lavrov stressed "that we've made progress in all directions of our work, namely the cessation of hostilities, the expansion of the humanitarian assistance and the political process."
Kerry also announced that the ISSG sees progress in the situation, stating, however, that specific actions should be taken to make real changes.
Overall, in the first quarter of 2016 the value of publicly disclosed holdings of Soros Fund Management fell by 37 percent to $3.5 billion. At the same time, Soros bought a 1.7 percent stake in Toronto-based Barrick Gold for $264 million, the biggest US holding in the company.
"Gold is always a safe haven at times when risks for investors are escalating. It's better to sit out turbulence with gold," economist Natalya Volchkova told the Ridus news agency. "Soros is killing two birds with one stone. He goes to gold, when it is cheaper so that he could profitably get rid of it in [the] future. At the same time, he leaves the more volatile dollar for a more stable asset," she added.
Gold prices have grown 16 percent in the first three months of 2016. This is the biggest quarterly growth in thirty years. Barrick shares have skyrocketed 39 percent since March 31 on news that the company has been rapidly cutting costs and reducing debt. On Tuesday, the precious metal was trading at $1,280 per troy ounce.
Many proponents of gold in the US are suggesting that the dollar should be backed by gold again. Among them is Ted Cruz, who was running for the Republican nomination for US president. He said the Federal Reserve "should get out of the business of trying to juice our economy, and simply be focused on sound money and monetary stability, ideally tied to gold."
Sputnik agency has obtained an indictment of the 27-year old serial rapist who worked as a cleaner at the Nizip refugee camp in Antep, Turkey. The alleged perpetrator, who faces up to 230 years behind bars, is accused of sexually abusing some 30 children as young as eight years old from June to September 2015.
The indictment sheet contains the names of only eight boys, all of them from war-torn Syrian regions, who have been confirmed by the court as victims of the offender identified only as "E.E.". Families of other underage victims decided not to proceed with charges, as they were afraid of being deported back to the conflict zone, according to Erik Acarer, a journalist with the BirGün newspaper, which first broke the story.
"E.E." - a native of the southeastern Turkish district of Bozova in Şanlıurfa province - stands accused of "premeditated sexual abuse towards children, forcing minors to enter into sexual relations in a perverted form" for exchange of a slightly more than a US dollar on average. The court is expected to deliver its verdict on June 1.
The accounts given by children from the Nizip refugee camp are harrowing. Around 30 kids, some as young as eight, were allegedly raped by a 27-year-old Turkish man working as a janitor at the facility.
Andrew Gardner, a researcher from Amnesty International spoke to RT and said the Turkish authorities must take action not only against the man, but also to make sure there is no repeat in the future.
"If this is true, this is certainly a very concerning allegation and it needs to be investigated by the Turkish authorities," he told RT. "But they need to take steps not to just investigate this case, but also make sure that there is no chance that this sort of occurrence can happen again in the future."
The chain of abuse was horrific. The man who has only been named as 'E.E.' in leaked indictment papers - a native of the southeastern Turkish district of Bozova - has been charged with rape and faces 230 years in jail if he is found guilty.
Comment: Make sure to watch the video. In their arrogance, Turkey has violated Syria's sovereignty (again!) by constructing these camps within Syrian territory. The camps are controlled by Daesh which is supported by Turkey. They also deny Kurdish refugees entry or support.
On Monday, The Intercept published the first three months' worth of SIDtoday, the NSA newsletter named after the Signals Intelligence Directorate (SID). The first release contains 166 documents from 2003, and will run until the publication of the most recent issues in its Snowden Archive, the trove of documents collected by the former NSA contractor, which are dated through 2012.
SIDtoday contained revelations that NSA worked alongside other government agencies on interrogating prisoners at the Guantánamo Bay detention camp in Cuba, including formulating the questions and interrogation strategies.
An October 2003 article advertised the opportunity to "get to GITMO for 90 days." It described the duties of the NSA liaison at Guantanamo as coordinating with the "[Department of Defense], CIA, and FBI interrogators on a daily basis in order to assess and exploit information sourced from detainees," as well as providing "sensitive NSA-collected technical data" to help the interrogation efforts.
During a week at the base, one NSA liaison reported in the newsletter, he would "pull together intelligence to support an upcoming interrogation, formulate questions and strategies for the interrogation, and observe or participate in the interrogation." The NSA declined to comment on that story, The Intercept noted.
Comment: Snowden revelations: Brrrrr! The cold that came in from the spy.













Comment: Saudi Arabia had 'threatened' to 'dump' its US Treasury holdings, which were, until this 'act of benevolent transparency', believed to have been massive - somewhere in the region of a trillion+ dollars - if the US Senate gave the go-ahead to families of 9/11 victims to sue the Islamic state over its involvement in the 'day that changed the world'.
Well, that did happen... on the same day that the US Treasury released the above figures. Was this a pre-emptive move on Washington's part? Some sort of defensive maneuver? It's hard to say for sure at this point, but the two events occurring on the same day sure seems coincidental.