Puppet MastersS


Chart Pie

Brexit fallout: Scottish government considers 2nd independence referendum

sturgeon
© Clodagh Kilcoyne / ReutersScotland's First Minister Nicola Sturgeon
Scotland's First Minister Nicola Sturgeon says the Scottish government will immediately engage in talks with the EU to protect Scotland's position in the bloc. She said steps were being taken regarding a possible second independence referendum.

"A second (Scottish) independence referendum is clearly an option that requires to be on the table, and it is very much on the table," she said, speaking outside Bute House in Edinburgh.

"To ensure that that option is a deliverable one in the required timetable, steps will be taken now to ensure that the necessary legislation is in place," she added.

This follows a meeting with her cabinet meeting on Saturday to discuss the next steps the government should take after the UK voted to leave the UK. Scotland voted overwhelmingly to remain.

Comment: Reminder: Special Report: Scottish Referendum Rigged - The 'How' and the 'Why'


Stock Down

Brexit strips $127bn from world's 400 richest people

Stock trader
© Russell Boyce / Reuters
Brexit-caused losses of the world's 400 richest people amounted to an eye- watering $USD127.4 billion in a single day, Bloomberg estimates. Rich Britons have lost a "mere" $5.5 billion, according to reports.

The British voters' decision to leave the European Union caused profound ripples in all major global equity markets.

The Brexit vote has sent European markets into the steepest decline since 2008. The pound plummeted to a record low, not seen since Margaret Thatcher was prime minister some 30 years ago.

The Bloomberg Billionaires Index says billionaires lost 3.2 percent of their total net worth, now estimated at $3.9 trillion.

Pistol

If the public can't have them, why does the IRS need AR-15s?

Federasl guns graphic
Here we go again. Stuck in the aftermath of a horrific shooting and all politicians think to do is scheme about how to take more rights from the citizenry. There are no good guys here. The Democrats want to railroad over due process by denying firearms to people on Orwellian watch lists, while Republicans plot to give the FBI more warrantless surveillance powers. This is the authoritarian knee-jerk response to tragedy we get from the U.S Congress.

Hypocritically, when it comes to foreign policy, all we hear are incessant calls for more militarism, more war and more regime change. As I warned in yesterday's post, Is the Syrian War About to Experience a Major Escalation? 51 State Department officials just issued a cable calling for the bombing of Syria's Bashar al-Assad. An event likely to lead to direct confrontation with Russia.

While all of that is bad enough, the U.S. government continues to eagerly and aggressively arm non-defense federal employees with weapons of war.

Eye 1

Who really wins in aftermath of the Brexit referendum?

brexit
Something has happened which was believed to be impossible not only among political analysts, but also among famous British bookmakers. Great Britain has voted to leave the European Union. Today is one of those rare occasions on which I can completely agree with the opinion of the former US ambassador to Russia, Michael McFaul. McFaul wrote on his twitter: "Not always, but tonight is a giant victory for Putin's foreign policy objectives. Give him credit."

Amazingly enough, McFaul has behaved wiser than most Russian political analysts and journalists who raced to explain that there are no serious consequences to this referendum and that the political elite of Great Britain will just ignore the result, limiting everything to meaningless negotiations with Brussels. This is nonsense. But this nonsense is based on the strong belief that the referendum's result does not suit the British elite and was possible only thanks to a nationwide mobilization of normal voters.

Comment: Further reading: SOTT Exclusive: US and British crazies blame Putin for "Brexit"


Bullseye

U.N.'s legal expert: Obama's proposed trade deals 'Illegal' and 'have zero democratic legitimacy'

Alfred de Zayas
Alfred de Zayas
Alfred de Zayas, the U.N.'s Independent Expert on the Promotion of a Democratic and Equitable International Order, is assigned the task to apply the standards of international law to proposed treaties, to determine whether they're in accord with international law. On Friday, June 24th, he issued his finding on three large proposed treaties regarding international trade among Atlantic countries: TTIP, TISA, and CETA. Earlier, on February 2nd, he had issued a similar finding on the proposed TPP treaty between Pacific countries, and his conclusion there was the same: that the proposed treaty violates international laws, and is inconsistent with democracy.

His finding regarding the proposed Atlantic treaties condemned them by saying: "Trade deals prepared and negotiated in secret, excluding key stakeholders such as labour unions, consumer associations, health professionals and environmental experts and now parliaments, have zero democratic legitimacy." This describes all of U.S. President Barack Obama's proposed treaties on trade: TPP, TTIP, and TISA, and it also includes CETA, which is the proposed treaty between the EU and Canada.

He further damningly noted that, "Disfranchising the public from participating in this important debate is undemocratic and manifests a profound disregard to peoples' voice."

The U.N.'s press release, on June 24th, from its Office of the High Commissioner for Human Rights (OHCHR), especially notes:
An earlier consultation conducted by the European Commission in 2014 resulted in 97% of respondents from across Europe expressing opposition to the inclusion of asymmetrical investment protection in Transatlantic Trade and Investment Partnership (TTIP) with the USA. "The same would apply to CETA, but no consultation was ever held," he noted.

Comment: Overriding national sovereignty and violating international law has become the rule of U.S.'s dealings with the world. But now we're hearing it from a world-recognized legal expert. Not that that matters much to the Western press who'll bury the story or to the White House which has been given its marching orders to ram these deals down the throats of weaker nations. But we, here, know it for ourselves at least.


Arrow Up

While U.S. and UK snub SPIEF, Russia confidently re-establishes relationships with Europe

20th St. Petersburg International Economic Forum (SPIEF)
© Sergei Savostyanov / TASS Italy's Prime Minister Matteo Renzi and Russia's President Vladimir Putin (L-R background) look on as Pizzarotti President Paolo Pizzarotti, Gazprombank Management Board Chairman Andrei Akimov, and Russian Direct Investment Fund CEO Kirill Dmitriyev.
SPIEF forum shows Russian leadership in a confident mood as it charts paths forward in diplomacy and for the national economy.

Thanks to the generosity of RT TV and Peter Lavelle I had the great good fortune to attend the St. Petersburg International Economic Forum ("SPIEF") in St. Petersburg which has just ended.

I shall be writing a series of reports about my impressions of SPIEF. However in this short report I will concentrate purely on the atmosphere.

This is the second time I have attended SPIEF. The previous occasion was in May 2014 in the immediate aftermath of the Crimean Crisis and whilst the war in the Donbass was in active preparation. Though the collapse in oil prices and the devaluation of the rouble that went with it had still not come about there was a clear sense of a recession coming and the mood as I remember it was nervous and embattled. Europe's political leadership collectively boycotted the Forum and though there was a sizeable contingent of European business people present they seemed to all come from one country - Germany - and were clearly there more for purposes of damage limitation - to protect their investments and their businesses - than for any more ambitious purpose. They were also keeping as low a profile as possible.

The Chinese by contrast were there in force, led by a senior member of the Chinese Politburo, and in the absence of the Europeans and the Americans they completely dominated the discussions.

The contrast this time could not have been greater. Though many of the same German business people I remember from 2014 were there again, the other Europeans who had previously stayed away were there this time in force with Renzi of Italy and Sarkozy of France - the latter widely expected to be the next French President - taking an extremely prominent role (the Germans were indirectly represented by EU Commission President Jean-Claude Juncker). In fact the Forum was a fascinating study in European diplomacy with meetings not just between Putin and these leaders but with contacts between the Russians and the Europeans being re-established at all levels, with business people and officials from both sides at last actively talking to each other.

Comment: SPIEF: St. Petersburg in the heart of the action


Stock Down

Former Federal Reserve chairman Alan Greenspan: Brexit is a 'tip of the iceberg'

Former Federal Reserve Chair Alan Greenspan discusses the potential fallout politically and economically from the Brexit vote.

Gold Seal

Pepe Escobar: As world digests the implications of Brexit, Putin goes to China

putin xi
© Sergey Guneev / Sputnik
As the whole planet attempts to digest the implications of Brexit, the real heart of 21st century action once again shifts to Beijing, where President Vladimir Putin on Saturday pays a visit to Chinese President Xi Jinping.

Business will include clinching a $6.2 billion high-speed rail deal; increased supply of Russian wheat to China - by building a Trans-Baikal grain terminal; and steps towards deeper military cooperation. They are already cooperating on an engine that will power the new Russia-China airliner.

Everything connected to the Russia-China partnership spells out Eurasia integration. It starts with the New Silk Roads, a.k.a. One Belt, One Road (OBOR), which will progressively interplay with the Eurasia Economic Union (EEU), as Putin emphasized at the St. Petersburg forum. It involves the expansion of the Shanghai Cooperation Organization (SCO); the immediate future of BRICS, including the New Development Bank (NDB); projects to be financed by the Asian Infrastructure Investment Bank (AIIB); and Russia-China coordination inside the G20.

OBOR and the EEU naturally merge as Eurasia will be slowly but surely fashioned into a massive emporium - an interlocking trade and infrastructure network stretching from Russia's Far East and the Chinese east coast to Western Europe, including the Middle East and Africa on the way.

Mr. Potato

SOTT Exclusive: US and British crazies blame Putin for "Brexit"

Putin did it
All right-thinking people know that all loyal servants of the Anglo-American empire are deluded nut-jobs who wouldn't know the truth if it bit them on the ass. But it must be admitted that this particular variety of human being does know one important thing, and they know it very well: Whenever anything happens that they don't like: Putin did it!

Take, for example, the recent UK referendum on leaving the EU. 52% of the British electorate voted to leave, much to the muffled cheers of all other decent Europeans. But what most people believe was an exercise in democracy that is rarely seen in the democratic West, was in fact the culmination of a grand and dastardly plot by Vladimir Putin in his devilish campaign of asymmetric warfare, designed to bring the downfall of Western civilization, no less.

Snakes in Suits

Already excluded: Tusk invites EU members to attend first summit without UK on June 29

European Council President Donald Tusk
© REUTERS/ Francois Lenoir
European Council President Donald Tusk will convene on Wednesday, June 29, a summit of European leaders to discuss the "political and practical implications of Brexit" in a first such meeting excluding the participation of the United Kingdom since it joined the bloc, an official invitation by Tusk issued on Friday reads.

According to Tusk's letter, the meeting involving UK Prime Minister David Cameron's participation will be held Tuesday, while the meeting of the 27 members states' leaders, excluding Cameron, will be held the following day.

"I have no doubt that due to the negative outcome of the UK referendum we will mostly need to devote our European Council to a discussion on its political consequences. It is my intention to ensure that we have sufficient space to debate both with Prime Minister Cameron, and then separately with the 27 Heads of State or Government," the invitation letter said.

On Thursday, the United Kingdom held a referendum to determine whether or not the country should leave the European Union. According to the final results, 51.9 percent of voters, or 17.4 million people, decided to support Brexit, while about 16.1 million opposed it.