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Tue, 26 Oct 2021
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Gold Bar

Peter Schiff: People should ditch dollar, fiat currencies in general and buy gold which is 'a real safe haven'

Gold on fire
© Pixabay
The real driver behind the rise of gold prices is the world's central banks' buying spree, says Peter Schiff of Euro Pacific Capital.

The veteran broker tells RT's Boom Bust, false optimism based on expectations of a US-China trade deal which is "not going to happen" was also driving the price.

He explains that last week's sharp rise of interest rates was due to growing inflation pressures in the economy and because there's not enough demand for all of the bonds being sold.

"All of this is very bullish for gold and so rather than simply selling bonds people should be buying gold because they need to get out of the dollar," says Schiff. "In fact they need to get out of the fiat currencies in general and seek a real safe haven - and that's gold," he adds.


Bad Guys

Mexico condemns coup in Bolivia, slams OAS over inaction

bolivia
© REUTERS/Carlos Garcia Rawlins
The Mexican foreign minister will demand an emergency meeting of the Organization of American States which he accused to remain silent after the "military pronouncement and police operations".

The Mexican government said Monday it recognizes Evo Morales as the "legitimate" president of Bolivia, denouncing that his resignation was due to a "coup" carried out by the army, which it described as a serious setback for the region.

Foreign Minister Marcelo Ebrard also said the administration of President Andrés Manuel López Obrador would not recognize a military government in the Andean country.

Comment: See also:


Pirates

Turkey begins repatriating terrorists to US and EU

Prison for ISIS fighters
Turkey has repatriated one Daesh (also known as ISIL or ISIS) terrorist from the United States and this week will deport several more terrorists back to Germany, Turkey's Interior Ministry said on Monday.

"A US citizen Daesh terrorist has been repatriated after the completion of legal procedures," Ismail Catakli, the interior ministry spokesman, told Anadolu news agency.

The deportation of a German Daesh terrorist is in progress, Catakli said, adding that a Danish Daesh terrorist would also be repatriated on Monday.

"So, a total of three foreign national terrorists will be deported from our country today," he stated, noting that seven more German Daesh terrorists will also be deported on November 14.

The legal proceedings for the two Irish terrorists caught in Syria were about to end and they would also be repatriated soon, he added.

"Two more German terrorists who had been captured in Syria will be deported [...] this week. In addition, the legal proceedings for the 11 French terrorists who had been captured on the Syrian territories are in progress," Catakli said.

"Turkey will extradite them no matter what," he stressed.

X

Russian MPs allow use of swastika - but only to condemn Nazi ideology

soviet nazi poster
© Sputnik
A Soviet patriotic poster from 1945, stating: “The enemy is insidious – don’t lose your guard.”
The swastika and other symbols of the Third Reich can be used, but only if it's done to condemn Nazism, the State Duma ruled. The previous legislation was too harsh, even making addressing classic WWII movies a problem.

There was an outright ban on Nazi symbols in Russia due to them offending the memory of the grave losses suffered by the country during the Great Patriotic War against the German invaders in 1941-45.

But the amendments to the relevant law, which MPs passed in the second reading on Tuesday, allow for the restrictions to be lifted in cases when those symbols are used "to form a negative attitude towards the ideology of Nazism and when signs of propaganda or justification of Nazism are absent." This includes art, science, education and all other areas.

The changes were needed to correct "an absurd situation," one of the deputies behind the initiative, Elena Yampolskaya, explained.
Our people want to honor the memory of their ancestors and uphold the legacy of the Great Patriotic War, but doing this through visual means, while avoiding any Nazi symbols, is almost impossible.
Yampolskaya wondered how the authors of the previous legislation could forget about the World War II movies from the "golden portfolio" of Soviet cinema; patriotic posters from that period, which may, for example, show "a Soviet soldier smashing the swastika - a Nazi symbol - with his foot," historic photos, videos and other materials.

A total ban on Nazi symbols is also wrong as "one should never forget, what his enemies look like," she added.


Comment: That's one reason. Total bans like this are ridiculous on almost every level. But it's nice to see Russian legislators at least moving in the direction of common sense. Meanwhile, in Western culture, the move is increasingly towards total bans of just this sort. For instance: Black conservative removed from meeting over Justin Trudeau blackface


Nuke

Zarif responds to EU, asking to see 'just one' nuclear deal commitment they've upheld in last year

iran nuclear enrichment
© AFP 2019 / HO / ATOMIC ENERGY ORGANIZATION OF IRAN
Earlier, officials from the European Union, France, the UK and Germany issued a joint statement accusing Iran of "breaching" the 2015 nuclear deal and suggesting that they had upheld their commitments to the agreement.

Iranian Foreign Minister Mohammad Javad Zarif has lashed out at the European signatories of the 2015 Joint Comprehensive Plan of Action (JCPOA) nuclear deal, challenging their assertion that they had 'fully upheld commitments under the JCPOA'.

"YOU? Really?" Zarif tweeted, asking his EU, French, British and German colleagues to "just show ONE that you've upheld in the last 18 months."


On Monday, Brussels and the three European JCPOA signatories jointly accused Iran of hindering their joint efforts to defuse tensions by "breaching" the nuclear deal and increasing nuclear enrichment. "The E3/EU have fully upheld their JCPOA commitments, including sanctions-lifting as foreseen under the JCPOA. It is now critical that Iran upholds its JCPOA commitments and works with all JCPOA participants to de-escalate tensions," the European signatories said in a joint statement.

Comment: That's chutzpah. It should be amazing to see the representatives of so-called respectable and democratic countries lie so brazenly. Unfortunately, it has become standard operating procedure.


Bad Guys

US is the source of, not "solution" to Syrian war

US troops Syria
After the supposed US "withdrawal" from Syria - Western media outlets have causally reported on US troops now preparing to occupy Syria's oilfields east of the Euphrates River.

Articles include carefully selected "experts" who avoid any mention of how illegal or indefensible the presence of US forces in Syria is to begin with, let alone any mention of "why" US troops are preparing to "claim" Syria's natural resources.

The Guardian in its piece, "US plans to send tanks to Syria oil fields, reversing Trump troop withdrawal - reports," illustrates a voluntary dereliction of due diligence in investigating or questioning Western actions in Syria.

One is left to assume what the US would claim as its excuse for remaining in Syria - likely based on a narrative of denying terrorist organizations such as Al Qaeda or the so-called "Islamic State" (ISIS) and their affiliates access to resources to "fund" their return to the region.

Take 2

Competition for Moscow? UK election meddling accusations spread from Russia, to India... to Hillary

westminster
© AFP / ISABEL INFANTES
If you believe the daily reports, Britain's ongoing election campaign is facing more interference than an old analogue television during a rainstorm, and amazingly, it's not just Russians being accused of being behind it.

A sense of old world grandeur is easily inflated by convincing yourself that you're so important that the whole world wants to swing your election.

Of course, it is still mainly Russia which stands accused in Britain, because that is just the easiest option available, but now there are also indications of supposed Indian meddling going on, and an election wouldn't be an election if the US wasn't throwing in its two pennies as well.

Representing the old US of A this morning on the BBC was one Hillary Rodham Clinton. I know she isn't an official representative of Washington, but I'm not sure she does, so her input is significant, especially as the old glutton for punishment has been hinting she might take another tilt at the White House.

Monkey Wrench

Scotland's leader will do a deal with Labour but wants IndyRef2 in return

scotland independence
'The most important election of our lifetimes' said Scotland's leader Nicola Sturgeon about the upcoming UK general election as she launched the Scottish National Party's campaign last Friday. The message from Sturgeon was to vote SNP to avoid Brexit, saying that her party alone would protect Scottish interests and work to ensure that the country is not taken out of the EU against its will. She warned that the withdrawal agreement secured by Boris Johnson last month was in fact inadequate as it only covers the terms of leaving the EU but says nothing about Britain's future relationship with Europe. Forecasting 'many years of wrangling ahead' she said Johnson was still intent on a No Deal Brexit which was still a likely outcome of negotiations in a year's time.

The importance of this election is also being reflected in the rhetoric of politicians at present, with Nicola Sturgeon not hesitating to brand Conservative politicians as 'hard-line Brexit ultras', evoking images of far-right thugs. She also attacked Labour and the Liberal Democrats by suggesting that Scotland would never be a priority for either party. The Liberal Democrats for their part do pose a threat to the Nationalists with their Remain platform and Nicola Sturgeon was out canvassing in leader Jo Swinson's constituency at the weekend in a bid to try to unseat her. Jo Swinson, whose party supports the Union, has continued to hit back at the SNP for their 'obsession with independence.'

Comment: Even if Scotland did vote for independence, considering the shameless shenanigans employed to block Brexit, why would people trust that it would actually go ahead?


Network

Putin & Xi to launch strategic natural gas pipeline from Russia to China in December

Siberia gas pipeline
© Gazprom
Russian President Vladimir Putin and his Chinese counterpart Xi Jinping will take part in the launching ceremony of the Power of Siberia gas pipeline, set to be held next month.

While the leaders will not be physically present at the event, they will join via a teleconference, Russian presidential aide Yury Ushakov told media on Monday. The Chinese Foreign Ministry confirmed the official ceremony will happen when the pipeline becomes operational in December.

"The Sino-Russian eastern route was agreed by the leaders of the two states. This is an important strategic project in the field of energy cooperation, and it is very important for both countries," Foreign Ministry spokesman Geng Shuang said at the daily news conference.

Yoda

Putin explains why Russia can afford to spend less on defense

putin
© Sputnik / Mikhail Klimentyev
Russia is one of just a handful of major military powers to actually make cuts to its defence spending in recent years, and recently dropped out of the top five countries in terms of total spending.

Reductions in Russia's defence spending are related to the country passing the "peak of modernisation," allowing the government to contribute fewer resources while maintaining the same level of defence, President Vladimir Putin has said.
"[Cuts] aren't related to us letting things slide when it comes to these issues, but due to the fact that the main planned initiatives connected to the need to intensify work on ensuring the country's security...and with regard to the need to ensure the renewal of military equipment and hardware, and we have passed the peak of this work," Putin said, speaking at a government meeting on Monday.
Putin noted that Russia's military-industrial complex will need to continue its efforts to create high-tech, competitive equipment, and not resort to "making pots and pans" (i.e. engage low-tech civilian production) as it had to in the 1990s.