While the distraction that is the stock market continues to enthrall most Americans, the big shots in the global monetary which for now are taking place behind the scenes, are getting ever louder. Several recent cases in point:
One person who is paying attention to the failure of the US to grasp that the unipolar world of the 1980s is long gone, is Russia’s Vladimir Putin, who earlier today proposed creating a “Eurasian” currency union which would have Belarus and Kazakhstan as its first members, which already are Russia’s partners in a political and economic union made up of former Soviet republics. Continue reading »
Astana is the first capital being built in the 21st century and it perfectly represents where the world is headed. It is truly one man’s vision: Nursultan Nazarbayev, the president of Kazakhstan (yes Borat’s country, I know). Backed by billions of petrodollars, the city is being built from scratch in a remote and deserted area of the Asian steppes. The result is astonishing: a futuristic occult capital, embracing the New World Order while celebrating the most ancient religion known to man: Sun Worship. The city is still a huge construction site, but the buildings that are already completed already sum up Nazarbayev’s occult vision.
Following the approval of the government, Kazakhstan’s Central Bank has announced it plans to de-dollarize its economy by the end of 2016. The goal is to avoid the macroeconomic instability that the USD creates and to give priority to Tenge in trade agreements (banning price designations in foreign exchange). Coming just 2 weeks after the ratification of the $100 billion BRICS bank, and Russia’s creation of a SWIFT-alternative, one wonders – as one by one foreign nations agree non-dollar trade and swap agreements – who is becoming ‘isolated’ now?
China proposed to the Eurasian Economic Union to think about creation of a free trade zone in the future, according to Russian Ambassador to China Andrei Denisov.
BEIJING, (Sputnik) — China offered to establish a free trade zone with the Eurasian Economic Union in the future, Russian Ambassador to China Andrei Denisov told RIA Novosti.
“Chinese partners were very careful in regard to this integration in the beginning. They simply needed to make sure that it works. Now they show interest in increasing cooperation not only with the separate countries – Kazakhstan, Belarus, Russia, Armenia and Kyrgyzstan in the future, but with the union as such. And as far as I know they even proposed to us, the members of the union, to think about creation of a free trade zone in the future,” Denisov said. Continue reading »
Every tenth villager of Kazakhstan’s Kalachi has unexpectedly fallen asleep in broad daylight – some unable to wake up for several days. Despite numerous attempts to find the cause of the inexplicable disorder, the Sleepy Hollow riddle remains unsolved.
Over 600 residents of Kalachi village in Kazakhstan’s north may have never read Washington Irving’s Legend of Sleepy Hollow, or watched the popular American TV series or film – but they do refer to their homeland as “Sleepy Hollow,” as everyone here is scared of an indiscriminate illness that has no cure.
People in Kalachi have been suffering from the “sleep epidemic” – as they call it – for the past couple of years. Everyone in the village has a family member or a friend who’s fallen asleep for no apparent reason, with over 100 people having experienced it by now – some more than once – according to locals. Continue reading »
Back on September 11 and 12, there was a summit meeting in a city that involved an organization that most Americans have never heard of. Mainstream media coverage was all but nonexistent.
The place was Dushanbe, the capital of Tajikistan, a country few Westerners could correctly place on a map.
But you can bet your last ruble that Vladimir Putin knows exactly where Tajikistan is. Because the group that met there is the Russian president’s baby. It’s the Shanghai Cooperation Organization (SCO), consisting of six member states: Russia, China, Kazakhstan, Kyrgyzstan, Tajikistan, and Uzbekistan. Continue reading »
Russian President Vladimir Putin has signed a law ratifying a historic treaty, committing Russia to an economic union with Belarus and Kazakhstan. The Eurasian Economic Union will come into effect in January 2015.
Putin’s signature in the document puts the final dot in Russia’s ratification of the union which will be in place on January 1, 2015, as the other union states are expected to complete ratification in the next few days.
The economic union is the next step of integration within the Customs Union between the three countries. The agreement had previously been ratified by the Russian State Duma and the Federal Council of Russia. Continue reading »
Vladimir Putin has moThe President met his counterparts from Kazakhstan and Belarus in the Kazakh capital, Astana, to initiate the formation of the Eurasian Economic Union. He has long sought to form the bloc in hopes that it would provide an eastern counterweight to economic and political powerhouses such as the EU and the US.
The codes of the union, set for launch on 1 January 2015, will give the citizens of member states equal employment and education opportunities across all three nations. The three presidents also said that the deal would involve collaborative policies on energy, technology, industry, agriculture and transportation. Continue reading »
Russia, Belarus, and Kazakhstan signed the historic Eurasian Economic Union which will come into effect in January 2015. Cutting down trade barriers and comprising over 170 million people it will be the largest common market in the ex-Soviet sphere.
“The just-signed treaty is of epoch-making, historic importance,” Russian President Vladimir Putin said.
The troika of countries will cooperate in energy, industry, agriculture, and transport.
“In fact, we are shaping the largest common market in the CIS, with huge production, scientific and technological potential and enormous natural resources,” the President added. Continue reading »
Luckily for those who held their “money” in the form of gold and silver, they just got an instantaneous 56% value preservation and a relative boost in their purchasing power with just one central bank announcement.
With only $24.5 billion left in FX reserves after valiantly defending major capital outflows since the Fed’s Taper announcement, the Kazakhstan central bank has devalued the currency (Tenge) by 19% – its largest adjustment since 2009. At 185 KZT to the USD, this is the weakest the currency has ever been as the central bank cites weakness in the Russian Ruble and “speculation” against its currency as drivers of the outflows (which will be “exhausted” by this devaluation according to the bank). The new level will improve the country’s competitiveness (they are potassium heavy) but one wonders whether, unless Yellen folds whether it will help the outflows at all. The Kazakhstan stock index is up 12% on the news…
The tenge, introduced in 1993 after the breakup of the Soviet Union two years earlier, weakened the most against the dollar last month since July. Kazakhstan devalued its currency by 21 percent in February 2009, as the biggest energy producer in central Asia spent billions of dollars to support the economy and bail out its biggest lenders following the collapse of Lehman Brothers Holdings Inc.
If Russia was hoping to punctuate its foreign policy victory over the US in hosting Edward Snowden and being on the list of his asylum applicants with the overnight launch of a unmanned Proton-M rocket, carrying some $200 million worth of navigation satellites, those hopes literally went up in flames when 17 seconds into the take off, an emergency switch-off of the engines led to a spectacular explosion, and sent the rocket plummeting to earth. End result: a massive blow up caught on live TV, hundreds of millions in equipment lost and 172 metric tons of highly toxic heptyl propellant raining on the ground for miles around the crash.
A Russian rocket carrying three navigation satellites worth around $200 million crashed shortly after lift-off from the Russian-leased Baikonur launch facility in Kazakhstan on Tuesday after its engines suddenly switched off. The accident led to a large spill of heptyl, a highly toxic rocket propellant, but there were no reports of casualties or of any immediate threat to nearby settlements.
State-run Rossiya-24 television showed footage of the Proton-M booster rocket veering off course seconds after lift-off. It fell apart in flames in the air and crashed in a ball of fire near the launch pad.
As Boston and U.S. security agencies congratulate themselves over the apparent neutralization of a pair of Chechens that bombed the Boston Marathon, troubling questions are beginning to arise.
First and foremost is, why a pair of Chechens, born in the former Soviet republic of Kyrgyzstan, apparently committed the attack?
For possible answers, one must looks beyond the present and delve into Russia’s and the USSR’s past policies towards Chechnya, and since 1991, U.S. policy in the Caucasus, which since the 1991 implosion of the USSR had a single focus – the exploitation of the Caspian’s massive energy reserves.
It is a history that makes for deeply uncomfortable reading, but one that may eventually provide some answers to seemingly intractable questions.
“Everything will collapse” is the consequence Gloom, Boom, & Doom’s Marc Faber sees from the Fed’s latest ‘stimulus’ (and the fallacy and misconception of how money-printing can help employment). In a wondrously clarifying interview on Bloomberg TV this morning, Faber explained why he was ‘happy’, since “the asset values of his holdings will go up” but as a responsible citizen he is worried because “the monetary policies of the US will destroy the world.“ It truly is class warfare under a veil of ‘its good for you’ as he notes: “the fallacy of monetary policy in the U.S. is to believe this money will go to the man on the street. It won’t. It goes to the Mayfair economy of the well-to-do people and boosts asset prices of Warhols.” Congratulations, Mr. Bernanke.
Must-watch (or read the transcript) – it is truly remarkable.
Faber on more Federal Reserve stimulus:
“It is difficult to tell what will happen.I happen to believe that eventually we will have a systemic crisis and everything will collapse. But the question is really between here and then. Will everything collapse with Dow Jones 20,000 or 50,000 or 10 million? Mr. Bernanke is a money printer and, believe me, if Mr. Romney wins the election the next Fed chairman will also be a money printer. And so it will go on. The Europeans will print money. The Chinese will print money. Everybody will print money and the purchasing power of paper money will go down. And I don’t like bonds. I don’t particularly like equities, but I think equities are a better space to be in than bonds.” Continue reading »
While the 2011 earthquake and worries surrounding Fukushima have brought the threat of radioactivity back into the public consciousness, many people still don’t realize that radioactive contamination is a worldwide danger. Radionuclides are in the top six toxic threats as listed in the 2010 report by The Blacksmith Institute, an NGO dedicated to tackling pollution. You might be surprised by the locations of some of the world’s most radioactive places — and thus the number of people living in fear of the effects radiation could have on them and their children.
10. Hanford, USA
The Hanford Site, in Washington, was an integral part of the US atomic bomb project, manufacturing plutonium for the first nuclear bomb and “Fat Man,” used at Nagasaki. As the Cold War waged on, it ramped up production, supplying plutonium for most of America’s 60,000 nuclear weapons. Although decommissioned, it still holds two thirds of the volume of the country’s high-level radioactive waste — about 53 million gallons of liquid waste, 25 million cubic feet of solid waste and 200 square miles of contaminated groundwater underneath the area, making it the most contaminated site in the US. The environmental devastation of this area makes it clear that the threat of radioactivity is not simply something that will arrive in a missile attack, but could be lurking in the heart of your own country. Continue reading »
Kazakhstan’s central bank plans to lock up domestic supplies of refined gold by using a “priority right” it received from the government to buy bullion designated for exports amid record prices for the metal.
The National Bank of Kazakhstan plans to use the buying privilege “in full” after changes go into effect Jan. 1, the Almaty-based lender said in an e-mailed statement today.
The world’s biggest farm has put up the for-sale sign, after being hit by a collapse in grain prices during the world financial crisis, and then by the droughts and the fires that raged across its territories last summer.
Ivolga, a farming conglomerate which controls 1.5m hectares of land across Russia and Kazakhstan, is presently negotiating with Royal Bank of Scotland, which leads its creditors, to restructure a $300m loan it arranged in 2007.
The company’s immense holding, an area a third the size of Wales, easily outstrips that of El Tejar, the Argentine conglomerate which is the largest farm in the Western hemisphere, with 1.1m hectares under cultivation. Analysts estimate that a sale could value the farm at £500m-£1bn.
Ivolga last year asked a team of investment banks from Europe and Russia to try and find a buyer for a stake in the company, after deciding it needed a strategic partner to fund further development. Vasily Rozinov, the company’s owner, is thought to be keen not to lose ultimate control of the company.