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Tue, 02 Nov 2021
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Dollars

Venezuela's Maduro announces new minimum wage and exchange rate tied to petro cryptocurrency

Nicolas Maduro
© Miraflores Palace / Reuters
Venezuelan President Nicolas Maduro has announced the plan to tie the national currency's exchange rate to the state-launched cryptocurrency petro. The country's new and increase minimum wage will also be anchored to the petro.

Maduro said the petro would be valued at $60 or 3,600 sovereign bolivars after the redenomination planned for August 20 slashes five zeroes off the national currency. The minimum wage will be set at half that, 1,800 sovereign bolivars.

"They've dollarized our prices. I am petrolizing salaries and petrolizing prices," Maduro said in a Friday televised address. "We are going to convert the petro into the reference that pegs the entire economy's movements."

Comment: Maduro needs to do something to counter the destructive US sanctions as the currency may get worse:
The emerging market currency crisis threatens to undermine whole global financial system

Could the petro cryptocurrency be the reason for the attempted assassination? The Venezuelan people still show support for Maduro:
People power! Venezuelans march to reject assassination attempt - show support for President Maduro


Map

UN report reveals ISIS given 'breathing space' in parts of Syria under US-backed forces' control

US troops in Syria
© Aboud Hamam / Reuters
Islamic State managed to regain access to Syrian oil fields and make profits from selling oil, a new UN report reveals. While the UN did not point fingers, the IS reemergence seems to occur in areas held by the US-backed forces.

"Islamic State in Iraq and the Levant [IS, formerly ISIL/ISIS], having been defeated militarily in Iraq and most of the Syrian Arab Republic during 2017, rallied in early 2018. This was the result of a loss of momentum by forces fighting it in the east of the Syrian Arab Republic," the recent report from the UN Security Council's Sanctions Monitoring Team reads. The document is dated July 27, but was only released to the public this week.

The slow-down gave IS "breathing space to prepare for the next phase of its evolution into a global covert network." As of June 2018, the terrorist group has been controlling "small pockets of territory in the Syrian Arab Republic on the Iraqi border," effectively carrying on with its quasi-state ways.

"[IS] was able to extract and sell some oil, and to mount attacks, including across the border into Iraq," the reports stated, adding that the terrorist group regained "access to some oil fields in northeastern" Syria.

Bullseye

Duterte rebukes US for dictating terms of 'alliance', 'Who are you to warn us?'

Duterte
© AFP 2018/ ted Ajibe
During a meeting with his Russian counterpart Sergei Lavrov in early August, Philippine Foreign Minister Alan Peter Cayetano pledged that Manila would not turn down the opportunity to purchase Russian military equipment even in the face of possible US sanctions.

Philippine President Rodrigo Duterte has blamed the United States for trying to hamper the modernization of his country's army and supplying used military equipment to Manila, according to local media.

"Is that the way you treat an ally and you want us to stay with you for all time? Who are you to warn us?" he pointed out.

Treasure Chest

US withdraws $230mn of Syria stabilization funding

People walk through debris in the ruins of Afrin, Syria
© Khalil Ashawi / Reuters
People walk through debris in the ruins of Afrin, Syria.
The US has ended funding for stabilization projects in Syria, as President Donald Trump looks to withdraw from the long-running conflict. The move comes as allies step up their contributions.

The US State Department said on Friday that $230 million in funding for stabilizing Syria have been redirected elsewhere. The funding had been promised by former Secretary of State Rex Tillerson in February, but was placed under review and frozen since then.

State Department Press Secretary Heather Nauert said that the withdrawal of funding comes on the back of military successes against the terrorist group Islamic State (IS, formerly ISIS), and as America's coalition allies have increased their contributions.

Handcuffs

Respected pundit & retired CIA officer Philip Giraldi on why Bill Browder should be in jail

William Browder
© RT.com
William Browder, fabulist
Philip Giraldi, one of the most popular writers on the conservative Unz.com, is one of the superstars of the alt-media landscape. He has been outspoken about the pernicious effects of Israel and wealthy pro-Israeli American Jews on American politics. You can see many of his articles on RI here.

This was from a radio interview with Lee Stranahan, formerly of Breitbart, now with Sputnik, the Russian state-owned news agency.

You can listen to the whole thing here. Key quotes below:

Comment: Check out Philip Giraldi's article, The most dangerous man in the world? How Bill Browder's greed helped spark a new Cold War


Bad Guys

Tech giants waging 'totalitarian war' on free speech, banning people with no appeal & no discussion

Robert Spencer
© Getty/Tengku Bahar
Robert Spencer
Robert Spencer, founder and director of Jihad Watch and author of "The History of Jihad: From Muhammad to ISIS," warned of expanding online left-wing political censorship via large technology companies. He offered his remarks in a Friday interview with Breitbart News Editor-in-Chief Alex Marlow on SiriusXM's Breitbart News Today.

Spencer said, "The social media giants, now, have more control over the means of communication than the Soviet Union did in its heyday, or Nazi Germany, and they are pursuing a genuinely totalitarian initiative, and it's based largely on the work of Southern Poverty Law Center, which is a far-left group trying to demonize all dissent from the leftist agenda by lumping in legitimate conservative voices with groups like the KKK and neo-Nazis. If you end up on the Southern Poverty Law Center's hate-group list, then the tech media giants will deplatform you on that basis with no recourse, no appeal, discussion; nothing."

Comment: Also see:


Network

Russia and China reiterate they will uphold their commitment to Iran nuclear deal

Iran Russia
Russia and China have reiterated that they will continue their commitment to the 2015 Iran nuclear deal, known as the Joint Comprehensive Plan of Action (JCPOA), and will maintain their cooperation and relations with Iran in the face of new US sanctions.

"Russia continues to consistently implement its commitments under the JCPOA... We reiterate our decisive commitment to take all the necessary measures to preserve and fully implement the JCPOA," the Russian Foreign Ministry said in a statement on Friday.

It added that Russia's Rosatom State Nuclear Energy Corporation was initiating an array of projects designed to ensure the compliance with requirements of the Iran nuclear deal.

Beer

Putin to pop by Austrian FM's wedding, ruffles feathers of hysterical Russophobes

Putin
From security arrangements to choice of present to geopolitical implications, Western media is fascinated (and alarmed) by Vladimir Putin's decision to drop in on the wedding of Karin Kneissl - and some have demanded she resign.

Above all else, it appears that in almost two decades as an international political figure, this is the first time the Russian president has publicized his intention to go to a wedding party, much less one abroad. His long-time press secretary Dmitry Peskov insisted that Putin has visited foreign private events previously, but when pressed by reporters, struggled to recall a specific occasion.

Other Russian officials are also downplaying the significance of Putin's Saturday morning detour en-route to talks with Angela Merkel later the same day. The president's aide Yuri Ushakov said that Putin would "drop in to offer his congratulations," while Peskov presented the whole affair as a matter of common courtesy: Kneissl invited the Russian leader during his official visit in June, and Putin simply accepted.

Comment: Merkel buys him beer, he buys her flowers, and Xi Jinping has him over for his birthday bash - Putin is much more popular than Western propaganda would have you believe: Also check out SOTT radio's:


USA

US Staged a Coup in Ukraine - Here's Why and How

maidan protests gun
What's the official narrative about the events in late 2013 and early 2014 in Kiev, Ukraine? There was a spontaneous and peaceful Euromaidan "revolution" by freedom-loving people, who forced the corrupt Ukrainian President to flee the country, right? Not so simple. There are many intriguing facts about geopolitics, 70 years of U.S. meddling in Ukraine, and covert regime-change operations that need to be added to the mix.

No Entry

Stephen F. Cohen: 'Sanction mania versus Russia'

USSanctions
© YouTube
For nearly 100 years, Russia has been under US sanctions, often to the detriment of American national security.

Cohen begins by putting the current bipartisan Senate campaign to impose new, "crushing" sanctions on Russia in historical context. Broadly understood, sanctions have been part of US policy toward Russia for much of the past 100 years. During the Russian civil war of 1918-20, President Woodrow Wilson sent American troops to fight against the emerging Soviet government. Though the "Reds" were clearly the established government of Soviet Russia by 1921, Washington continued to deny the USSR diplomatic recognition until President Franklin D. Roosevelt established formal relations in 1933. During much of the 40-year Cold War, the United States imposed various sanctions on its superpower rival, mainly related to technological and military exports, along with periodic expulsions of diplomats and "spies" on both sides.

Comment: As Cohen brilliantly points out - sanctions, for the US, are a dead end.