The US Needs Global Conflicts: Russia and China Are Existential Threats to Dollar Dominance

[samsara]

You believe what the guy said? Child sacrifice?

Have you ever heard the "missing" native, Mohawk children from the Catholic-run Kamloops residential school in British Columbia, Canada involving Queen Elizabeth and her husband, Prince Phillip on Oct. 10 1964?

Follow this link (December 2016) and dig deeper beyond that link about the children sacrifice of some Luciferian cult, there are more refs out there.

HINT: just search "William Combes British Columbia Queen Elizabeth" will present you with many relevant links!

Harriett Nahanee under arrest just prior to her death in jail, Vancouver, February 2007​

Source: http://itccs.org/category/queen-elizabeth/

-------------------

NOTE: another good recent case to read in order to comprehend how the powerful [financial] elites are holding the reins on the politicians (as suggested by @Götterdämmerung and/or @Sinopakfriend) is the one related to the Wikileaks' releases on Podesta's emails, the parts concerning the Pedophile Ring under "DC PizzaGate"
perhaps one may start the digging from here

I just read slightly on this topic, but again, these kinds of stories, as well as the one upon the "William Combes British Columbia Queen Elizabeth" and many more others such as who indeed owns the Federal Reserve Bank of the USA (look at Edward Griffin's "The creature from Jekyll Island"); who reaped the biggest benefits from cornering the British bonds from Waterloo War between France (Napoleon Bonaparte) vs Britain, and so on... the cumulative reading and interconnection of all the matters do convince myself that the world is not simply managed as the publicly seen... the ruling govt in the Western countries are not the true power holders (does anyone here really believe that Barack Hussein Obama or Donald John Trump was or is holding the most power and setting the directions???); there are some earthen gods that have been amassing so much wealth and power to the unbelievable levels and controlling so many giant companies in various important sectors hiding behind the thick veils of labyrinth and countless Trust organization... and miraculously these earthen god families disappeared from the news scenes at the turn of the 20th century!

Has one ever seen a chart like this one?

How the world is actually managed - read further here.​

 

[Jlaw]

Here is a Dutch guy who was a middleman of the finance world.

Must watch! With English subtitle.

Illuminati

 

[TaiShang]

Maybe Hoarding Gold and Canned Beans Isn't Such a Bad Idea

It only takes a small pinprick to deflate a balloon.

Paul Goncharoff


World economic outlook: Less than stellar.

The first course of the French election has been served, and I think it safe to say that it went entirely as expected.

Gold bulls snatched their little ingots off the table and equities traders plowed back in to the markets with vigor…. Same old, same old, so nice to be back in the ‘comfort zone’. Now all the markets need is for Macron to be elected president of France and the EU can breathe easier with a new oxygen bottle plugged into its ICU.

There should be no further misadventures — just ask Hillary.

Personally, and as a sometimes risk manager in my business life, this may be a case of information overload, and a certain human unwillingness to contemplate and factor into our investing profile the ‘what if’s’ of our world.

It is Monday night and the surprisingly unremarked U.S. debt ceiling issue will be taking center stage this coming Friday. Let us not forget that a U.S. battlegroup is steaming to North Korea for real this time. If we lived in Japan today, we might notice that all manner of purification medicines and respiratory protection have disappeared from retail shelves. The UN, even with Russia’s prodding, seems stymied and unable to commit to sending an investigative team to physically sample the soil and objects in the region of the “gas attack” in Syria.

Meanwhile, Ukrainian government forces are using more intense means to beat down civil opposition in the rebelling DNR and LNR.

Equities now on both dollar and Euro bourses are fully valued and the dollar is weakening.

Some non-market types have even noticed how, incredibly, many shops like the following already closed or will close their doors and lay off employees this calendar year:

bebe – all 180 stores, Rue21 – 400 stores, JCPenney – 138 stores, Macy’s – 68 stores, Sears & Kmart – 150 stores, Abercrombie & Fitch – 60 stores, Guess – 60 stores, Crocs – 160 stores, The Limited – 250 stores, Wet Seal – 171 stores, American Apparel – 110 stores, BCBG – 120 stores, Payless ShoeSource – 400 stores, hhgregg – 220 stores, GameStop – 150+ stores, RadioShack – 552 stores, Staples – 70 stores, CVS – 70 stores, Gander Mountain – 32 stores, Family Christian – 240 stores.

Overall, that is over 3,000 known name emporiums already closed or closing down in the US for this 2017.

I have not been able to get numbers for single store stand-alones yet. While I don’t know if there is an index for Malls, it seems to me that is where the rubber meets the road in the reality of the day to day. The wider effect of these closures near these retailers will also no doubt be felt. Some may say that this is a pedestrian example of simply changing economic drivers, but I think it is indicative of a more serious and potentially violent evolution.

Seems a bit early to cash in those Canadian Maple Leafs, Krugerrands, and ingotlettes, no?


Just saying: It only takes a small pinprick to deflate a balloon.

Paul Goncharoff is Chairman, Disciplinary Committee, National Association of Corporate Directors, Russia.

***

The murderous militarist empire is bleeding economically, and major alternative powers, China and Russia, are not making things easier for the US, either.

Hence, anticipate a major conflict instigated by US-regime orchestrated neo-fascist US media and fought by US army somewhere.

The US planted one nearby Russia and now it is trying to plant another bleeding war (after failing miserably in SCS) nearby China.

For once, at all cost, China needs to fight the war, not fight a war in the Korean Peninsula. Fighting the war from happening means fighting the militarist US government and army.

The more economic prosperity linked with militarism, the more war-thirsty the murderous empire will become.

 

[jetray]

These articles give a good background as to the real reasons for getting rid of Saddam and Ghadaffi.

Yes, Saddam and Ghadaffi were both dictators and were not angels. If you ask the people of Iraq and Libya today, I am sure the majority would love to get these dictators back (if they could).

They got rid of Saddam because he was trying to sell his oil in Euro. There was no WMD.

Likewise, they got rid of Ghadaffi because he was trying to sell his oil in gold dinars.

Without the backing of the "petrodollar", the US currency is just a fiat currency.

Well we need to thank countries like India & China for trading in dollars and keeping the system afloat. But you need to give credit to the westerners for creating a such a marvelous system of gaining dominance without anyone even noticing it. Colonialism & imperialism were pretty blunt & rugged but this is system is nearing to perfection.

 

[Beast]

Well we need to thank countries like India & China for trading in dollars and keeping the system afloat. But you need to give credit to the westerners for creating a such a marvelous system of gaining dominance without anyone even noticing it. Colonialism & imperialism were pretty blunt & rugged but this is system is nearing to perfection.

It will soon be over. Russian accepting RMB for its oils is a massive blow for US dollar. USD400 billion is gone. Kazakhstan, Turkmenistan and many other central Asian countries may follow as they import large quantities of Chinese goods. Sell oil, get RMB and then get Chinese goods. It's perfect

China are giving US a slow death. When lynching the US imperialism enough. It will dump the empty shell.

 

[Mangus Ortus Novem]

@samsara @Götterdämmerung @TaiShang

Friends,

When we say empire...this is old. The entirety of the West is under its control. Just look at the laws and regulations...from Greenland to Greece... from New Zealand to Canada... apart from some localy variations...it is all pretty much harmonised. And all these countries are 'free' and 'sovereign'.

The US/Nato combine is just the muscle part of the empire. Let us never forget that. WW2 benefitted the empire like never before...Order out of Chaos.

The system is nothing more than hyper colonialism for the rest of the planet. Hence, any power that challenge this system will be dealt with. This is the Core reason of Sino-Russian strategic partnership.

Let us not have any illusions.. the fifth column is fully available in Russian and China. More in Russia than China I must say. If we could achieve some sort of agreement with the empire of sharing space i.e the West for the empire and the rest for the rest..then humanity has some hope.

Never underestimate the sickness of these people..as they are even willing to go to nuclear war.

@samsara one of the picture you uploaded is not visible...if it is the one that shows how a very few trusts/corporations/holdings own practically all the MNC then it is great...otherwise, please, dig it. The research was done by a Swiss professor not some blogger. I believe someone in UK also did some work on it.

China is History's Actor now in Science and Economy. Russia realises it and supports this fact fully. Besides Russian survival as sovereign state depends upon this fact.

So, per default the global South gets the benefit. But as the Brazilian coupe and indian open alliance with the empire has shown.... R&C are the only true core and cann't depend upon anyone. Pak will support China but that can only be in minor way since Pak is just regional power and economically, politically rather weak at this stage.


@TaiShang Do you see what I see? OBOR has a great narrative....I know you will percieve it!

 

[samsara]

"@samsara one of the picture you uploaded is not visible...if it is the one that shows how a very few trusts/corporations/holdings own practically all the MNC then it is great...otherwise, please, dig it. The research was done by a Swiss professor not some blogger. I believe someone in UK also did some work on it."

@Sinopakfriend, just furnish additional info on my earlier casual mentioning about "The Network of Global Corporate Control". Yes, it's a dissertation work by a Swiss PhD candidate back then... now Dr. James B. Glattfelder (from Switzerland)

~~~~~~~~~~

The Network of Global Corporate Control by James B. Glattfelder

Diss. ETH No. 19274

Ownership Networks and Corporate Control: Mapping Economic Power in a Globalized World

A dissertation submitted to the

ETH ZURICH

for the degree of Dr. sc. ETH Zurich

presented by JAMES B. GLATTFELDER, Dipl. Phys. ETH
born August 19, 1972, citizen of Switzerland

accepted on the recommendation of

Prof. Dr. Dr. Frank Schweitzer, examiner
Prof. Dr. Guido Caldarelli, co-examiner

2010

The dissertation in PDF: http://e-collection.library.ethz.ch/eserv/eth:2007/eth-2007-02.pdf
(13.5 MB; 258 pages)

-------------------

Research Article

The Network of Global Corporate Control

Stefania Vitali, James B. Glattfelder, Stefano Battiston
Published: October 26, 2011

Abstract

The structure of the control network of transnational corporations affects global market competition and financial stability. So far, only small national samples were studied and there was no appropriate methodology to assess control globally. We present the first investigation of the architecture of the international ownership network, along with the computation of the control held by each global player. We find that transnational corporations form a giant bow-tie structure and that a large portion of control flows to a small tightly-knit core of financial institutions. This core can be seen as an economic “super-entity” that raises new important issues both for researchers and policy makers.

Read the rest at: http://journals.plos.org/plosone/article?id=10.1371/journal.pone.0025995


-------------------

And finally, this brief form article, the most readable source among these three links wonder any one cares to read a 258-page dissertation or even the much shorter Research article ha ha ha

EXCLUSIVE 19 October 2011

Revealed – the capitalist network that runs the world

The 1318 transnational corporations that form the core of the economy. Superconnected companies are red,
very connected companies are yellow. The size of the dot represents revenue - PLoS One​

By Andy Coghlan and Debora MacKenzie - NewScientist Magazine

AS PROTESTS against financial power sweep the world this week, science may have confirmed the protesters’ worst fears. An analysis of the relationships between 43,000 transnational corporations has identified a relatively small group of companies, mainly banks, with disproportionate power over the global economy.

The study’s assumptions have attracted some criticism, but complex systems analysts contacted by New Scientist say it is a unique effort to untangle control in the global economy. Pushing the analysis further, they say, could help to identify ways of making global capitalism more stable.

The idea that a few bankers control a large chunk of the global economy might not seem like news to New York’s Occupy Wall Street movement and protesters elsewhere (see photo). But the study, by a trio of complex systems theorists at the Swiss Federal Institute of Technology in Zurich, is the first to go beyond ideology to empirically identify such a network of power. It combines the mathematics long used to model natural systems with comprehensive corporate data to map ownership among the world’s transnational corporations (TNCs).

“Reality is so complex, we must move away from dogma, whether it’s conspiracy theories or free-market,” says James Glattfelder. “Our analysis is reality-based.”

Previous studies have found that a few TNCs own large chunks of the world’s economy, but they included only a limited number of companies and omitted indirect ownerships, so could not say how this affected the global economy – whether it made it more or less stable, for instance.

The Zurich team can. From Orbis 2007, a database listing 37 million companies and investors worldwide, they pulled out all 43,060 TNCs and the share ownerships linking them. Then they constructed a model of which companies controlled others through shareholding networks, coupled with each company’s operating revenues, to map the structure of economic power.

The work, to be published in PLoS One, revealed a core of 1318 companies with interlocking ownerships (see image). Each of the 1318 had ties to two or more other companies, and on average they were connected to 20. What’s more, although they represented 20 per cent of global operating revenues, the 1318 appeared to collectively own through their shares the majority of the world’s large blue chip and manufacturing firms – the “real” economy – representing a further 60 per cent of global revenues.

When the team further untangled the web of ownership, it found much of it tracked back to a “super-entity” of 147 even more tightly knit companies – all of their ownership was held by other members of the super-entity – that controlled 40 per cent of the total wealth in the network. “In effect, less than 1 per cent of the companies were able to control 40 per cent of the entire network,” says Glattfelder. Most were financial institutions. The top 20 included Barclays Bank, JPMorgan Chase & Co, and The Goldman Sachs Group.

John Driffill of the University of London, a macroeconomics expert, says the value of the analysis is not just to see if a small number of people controls the global economy, but rather its insights into economic stability.

Concentration of power is not good or bad in itself, says the Zurich team, but the core’s tight interconnections could be. As the world learned in 2008, such networks are unstable. “If one [company] suffers distress,” says Glattfelder, “this propagates.”

“It’s disconcerting to see how connected things really are,” agrees George Sugihara of the Scripps Institution of Oceanography in La Jolla, California, a complex systems expert who has advised Deutsche Bank.

Yaneer Bar-Yam, head of the New England Complex Systems Institute (NECSI), warns that the analysis assumes ownership equates to control, which is not always true. Most company shares are held by fund managers who may or may not control what the companies they part-own actually do. The impact of this on the system’s behaviour, he says, requires more analysis.

Crucially, by identifying the architecture of global economic power, the analysis could help make it more stable. By finding the vulnerable aspects of the system, economists can suggest measures to prevent future collapses spreading through the entire economy. Glattfelder says we may need global anti-trust rules, which now exist only at national level, to limit over-connection among TNCs. Sugihara says the analysis suggests one possible solution: firms should be taxed for excess interconnectivity to discourage this risk.

One thing won’t chime with some of the protesters’ claims: the super-entity is unlikely to be the intentional result of a conspiracy to rule the world. “Such structures are common in nature,” says Sugihara.

Newcomers to any network connect preferentially to highly connected members. TNCs buy shares in each other for business reasons, not for world domination. If connectedness clusters, so does wealth, says Dan Braha of NECSI: in similar models, money flows towards the most highly connected members. The Zurich study, says Sugihara, “is strong evidence that simple rules governing TNCs give rise spontaneously to highly connected groups”. Or as Braha puts it: “The Occupy Wall Street claim that 1 per cent of people have most of the wealth reflects a logical phase of the self-organising economy.”

So, the super-entity may not result from conspiracy. The real question, says the Zurich team, is whether it can exert concerted political power. Driffill feels 147 is too many to sustain collusion. Braha suspects they will compete in the market but act together on common interests. Resisting changes to the network structure may be one such common interest.

When this article was first posted, the comment in the final sentence of the paragraph beginning “Crucially, by identifying the architecture of global economic power…” was misattributed.

The top 50 of the 147 superconnected companies

1. Barclays plc
2. Capital Group Companies Inc
3. FMR Corporation
4. AXA
5. State Street Corporation
6. JP Morgan Chase & Co
7. Legal & General Group plc
8. Vanguard Group Inc
9. UBS AG
10. Merrill Lynch & Co Inc
11. Wellington Management Co LLP
12. Deutsche Bank AG
13. Franklin Resources Inc
14. Credit Suisse Group
15. Walton Enterprises LLC
16. Bank of New York Mellon Corp
17. Natixis
18. Goldman Sachs Group Inc
19. T Rowe Price Group Inc
20. Legg Mason Inc
21. Morgan Stanley
22. Mitsubishi UFJ Financial Group Inc
23. Northern Trust Corporation
24. Société Générale
25. Bank of America Corporation
26. Lloyds TSB Group plc
27. Invesco plc
28. Allianz SE 29. TIAA
30. Old Mutual Public Limited Company
31. Aviva plc
32. Schroders plc
33. Dodge & Cox
34. Lehman Brothers Holdings Inc*
35. Sun Life Financial Inc
36. Standard Life plc
37. CNCE
38. Nomura Holdings Inc
39. The Depository Trust Company
40. Massachusetts Mutual Life Insurance
41. ING Groep NV
42. Brandes Investment Partners LP
43. Unicredito Italiano SPA
44. Deposit Insurance Corporation of Japan
45. Vereniging Aegon
46. BNP Paribas
47. Affiliated Managers Group Inc
48. Resona Holdings Inc
49. Capital Group International Inc
50. China Petrochemical Group Company

* Lehman still existed in the 2007 dataset used

Graphic: The 1318 transnational corporations that form the core of the economy

(Data: PLoS One)

NewScientist Magazine issue 2835, published 22 October 2011

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

And this one too! STILL QUITE READABLE!!

The Network of Global Corporate Control

Posted by Gordon - Tapnewswire 2015.07.16

Image from Global Research
By Christine Lepisto

A Few Companies Have Power Over Most of the Real Economy

The idea that the few dominate the many will not come as news to those gathered either to occupy wall street or to occupy everywhere. But up until now it has been just an intuition that a few corporations control the world.

Not any more. A team of Swiss mathematicians just proved that out of over 43,000 transnational corporations (TNCs), relatively few control almost 80% of the global economy. Find out who has the power below.

Global Domination a Facebook Phenomenon, Not a Conspiracy

The team, led by S. Vitali of the Swiss Federal Institute of Technology in Zurich, used a method of analysis often applied to connectivity in the internet. Called the “bow-tie model,” the method assigns companies onto the parts of a bow-tie.

Inter-connected companies sit on the knot of the bow tie shape. All of the companies in the knot have control relationships to other companies in the knot and are themselves controlled by other companies in the knot. Companies which control those in the knot, but are not themselves controlled in return, are visualized on one wing of the bow-tie. And companies controlled by those in the knot, but not themselves controlling, are on the other wing of the bowtie.

The fact that a small number of companies are highly connected in the knot does not prove unbalanced control; after all, it is normal in networking that everyone wants a connection to the powerful few, who connect out to those who can offer something in return. But by combining the bow-tie topology with a control ranking, the team came to an amazing conclusion.

Less than 1% of Companies in Control

see here

Above image is automatically down scaled by the host.
The full-size image (2 MB) with good readability can be found here​

The team found a core of 1318 companies (mostly financial services companies) with an average of 20 control links each amongst themselves. These 1318 companies represent only 0.7% of the TNCs but 18.7% of the revenue of all TNCs. When one adds in the 59.8% of the revenues from companies on the wing of the bow-tie controlled by those in the knot, these companies control almost 80% of the global economy.

A “super-entity” of 147 companies, or 0.3% of all TNCs, holds control over fully 40% of the economic value of TNCs. In the words of the authors:

4/10 of the control over the economic value of TNCs in the world is held, via a complicated web of ownership relations, by a group of 147 TNCs in the core, which has almost full control over itself.

The Danger: Conflict of Interest and Stability Risk, Not Conspiracy

This study is a sitting duck for those who want to twist the results to prove a huge conspiracy theory. But that would risk seeking the wrong solution, because this strong connectivity stems from a natural organization of entities in networks, not from conspiracy.

But as those who occupy everywhere loudly make known, when less than 1% are in control, the risk of instability is too high. “Too Big to Fail” arises when too few control too much.

As the world rises up against economic injustice, Truthout brings you the latest news and analysis, free of corporate influence. Help support this work with a tax-deductible donation today.

Additionally, there are conflicts of interest inherent in the strong interconnectivity found by this study. Although this core may not be conspiring, it would be naive to suggest that the end effect does not suffer from the same economic downsides that governments and financial regulators attempt when preventing monopolistic practices. Or that this level of inter-connected, concentrated control does not harm fair trade, the environment, and other causes essential to sustainability but secondary to free market capitalism.

Observers have derided the Occupiers for not having a plan for change. But effective change requires understanding the outset conditions. This study proves what we have all suspected, and offers some powerful tools to begin to address the risks of instability and lopsided power intrinsic in the current global economic system.

The authors suggest that new regulatory mechanisms will have to extend beyond national borders. They are almost certainly right.

The Top 50 Control Holders*

1. BARCLAYS PLC (GB)
2. THE CAPITAL GROUP COMPANIES INC (US)
3. FMR CORP (US)
4. AXA (FR)
5. STATE STREET CORPORATION (US)
6. JPMORGAN CHASE & CO. (US)
7. LEGAL & GENERAL GROUP PLC (GB)
8. THE VANGUARD GROUP, INC. (US)
9. UBS AG (CH)
10. MERRILL LYNCH & CO., INC. (US)
11. WELLINGTON MANAGEMENT CO. L.L.P. (US)
12. DEUTSCHE BANK AG (DE)
13. FRANKLIN RESOURCES, INC. (US)
14. CREDIT SUISSE GROUP (CH)
15. WALTON ENTERPRISES LLC (US)
16. BANK OF NEW YORK MELLON CORP. (US)
17. NATIXIS (FR)
18. THE GOLDMAN SACHS GROUP, INC. (US)
19. T. ROWE PRICE GROUP, INC. (US)
20. LEGG MASON, INC. (US)
21. MORGAN STANLEY (US)
22. MITSUBISHI UFJ FINANCIAL GROUP, INC. (JP)
23. NORTHERN TRUST CORPORATION (US)
24. SOCIÉTÉ GÉNÉRALE (FR)
25. BANK OF AMERICA CORPORATION (US)
26. LLOYDS TSB GROUP PLC (GB)
27. INVESCO PLC (GB)
28. ALLIANZ SE (DE)
29. TIAA (US)
30. OLD MUTUAL PUBLIC LIMITED COMPANY (GB)
31. AVIVA PLC (GB)
32. SCHRODERS PLC (GB)
33. DODGE & COX (US)
34. LEHMAN BROTHERS HOLDINGS, INC. (US)
35. SUN LIFE FINANCIAL, INC. (CA)
36. STANDARD LIFE PLC (GB)
37. CNCE (FR)
38. NOMURA HOLDINGS, INC. (JP)
39. THE DEPOSITORY TRUST COMPANY (US)
40. MASSACHUSETTS MUTUAL LIFE INSUR. (US)
41. ING GROEP N.V. (NL)
42. BRANDES INVESTMENT PARTNERS, L.P. (US)
43. UNICREDITO ITALIANO SPA (IT)
44. DEPOSIT INSURANCE CORPORATION OF JP (JP)
45. VERENIGING AEGON (NL)
46. BNP PARIBAS (FR)
47. AFFILIATED MANAGERS GROUP, INC. (US)
48. RESONA HOLDINGS, INC. (JP)
49. CAPITAL GROUP INTERNATIONAL, INC.(US)
50. CHINA PETROCHEMICAL GROUP CO. (CN)

*according to the scientific paper The network of global corporate control



Sources:

http://www.truth-out.org/news/item/4217:the-network-of-global-corporate-control

http://www.businessinsider.com/this...ection-to-everything-in-the-world-2012-6?IR=T

 

[Mangus Ortus Novem]

@samsara , thank you my friend for sharing the one piece I mentioned.

Indeed we have to look at the empire from System Dynamics or perhaps from Cybernetics angle. It helps to form a detached, rational model to understand the nature of the beast.

Regardless, whatever way we look at it the end result remains the same. The Controlling Interest when accumalted in global real economy (raw materials and actual production) gives enormous leverage to those who own the world.

When you throw in financial system things become more interesting. It is not about the money.

As 'money' will not be any problem since it can be created on push of button. Combine that with military power then we get the wholistic view of the empire. This is the reason MIC of the West will only grow.

JP is part of the 'system' so are SK and india. Dig at BIS and see how the game gets fixed.

What would be most interesting to know is who 'owns' the top 50 in the system.


Anyhow, apart from understanding this system... what can be done to create some sort of balance in the world where win-win paradigm can take some root.

It is going to be a generational process we are not going to see a new multiplor financial global architecture suddenly. It is not about dollar or Yuan... it is about ownership.

Those who own the system can/will easily adopt to the new situation. End result will not change overnight.

I see a division of ownership happening down the long road. The empire gets the West. The Rest gets the rest.

Interesting to see that some of my Chinese brethren also dig deeper and are not just only patriotic here on PDF.

Harmony under the Heavens! Community of Prosperity!

I am sure some of you understand this what I intend to say...have been saying this for a year now.

Good things to those who wait.

 

[samsara]

"... What would be most interesting to know is who 'owns' the top 50 in the system... "

I think this book authored by Dean Henderson is a good one to start with. It's available at Amazon

https://hendersonlefthook.wordpress.com/big-oil-reviews/

Some excerpt of that book can be read at the author's blog! Yet the book is worth of one's purchase (I did buy a hard copy indeed). @Sinopakfriend @Götterdämmerung @TaiShang

 

[Mangus Ortus Novem]

"... What would be most interesting to know is who 'owns' the top 50 in the system... "

I think this book authored by Dean Henderson is a good one to start with. It's available at Amazon

https://hendersonlefthook.wordpress.com/big-oil-reviews/

Some excerpt of that book can be read at the author's blog! Yet the book is worth of one's purchase (I did buy a hard copy indeed). @Sinopakfriend @Götterdämmerung @TaiShang

My friend, I am proud of you!

We knows...


G2 was the offer by the empire for China to become part of the system...there was a price however...and PRC decided to remain Sovereign... it chose to work for its People.

And then all the noise and troublemaking started in SCS. Funny isn't it?

I am delighted to see that there are some highly educated and informed friends, brothers, here at PDF.

Empty patriotism is sometimes more dangerous..but always reassuring.



On the brighter side... all this information that we discuss is public..what the govs of PRC and Russia would know is more important.

In public it is all smiles, handshakes and platitudes... behind the scenes is the real stuff.

Sino-Russian combine is building a new architecture that will co-exist with the empire's. R&C are NOT trying to replace the empire. They just want to be independent of it.

This gives me reason to believe in the divide:
the West for the empire. The Rest for the rest.


Too early to speculate. Time is a great revealer.


I would rather move to China or Dubai Today!!!

 

[Jacob Martin]

.



Dear indian,

Firstly, thank you for your balanced comment. Always advances discussion further, so that all of us might discuss and learn something from each other.

I beg to disagree with you regarding ditching of gold due to great/growing economic output vs availability of the yellow metal. Who assigns the Value?

There could be many mechanisms to have an internationally agreed Valuation away from so-called free market. I am sure you know about gold price fixing schemes...

However, your point is valid that given the limited value of commodity... its usage a storage of Value becomes tricky.

So, we need to discuss what are things which store value.

What the breaking of gold peg did was free printing licence to a few countries...and they could export their inflaction to the rest of world. Your india included.

Can you see the transfer wealth, both physcial in terms of 'cheap' human labour and resources for 'free'.

As a student of economy you would know the 3rd world debt from 70s to this day.
And all that debt was created out of thin air. Fair? Human?

What is the total global GDP output? What is the debt to GDP ratio? Who will pay this debt..ever?

Demonitisation did india in... now you are part and parcel of the Dollar system. Allow the Great God Time to unravel this mystery...

Is it possible to create a global financial system which makes the above mentioned less?

I say less because exploitation of the masses is part and parcel of Human Condition. Utopia is utopia..

Looking forward to have a balanced and forwarding discourse.

Regards,

SPF


.


The empire is looking for a new host...this time not confined to a region or civilisation..

indian is gone... watch the coming times this modi regime changing policies for the empire. All in the name of development and progress...and the masses will devour it.

My Chinese friends have one thing in their favour... The Chinese gov!

By the look of things the 70 years cycle is over due by almost ten years. I do fear great conflict... rise of fascism is everywhere.. indians are happily supporting this in name religion and development.

Chaos and conflict suits the empire!

The funny thing is if you take out the financial 'industry' out of the GDP calculation... then the picture for us is not very pretty.

Thanks for your patience.

In the first part I dealt with how the US has used the de-linking of its currency from gold to bail itself out of atleast two major crises. There is also the examples of the Oil Shock of 1970s and the Resolution Trust Company set up in 1989 but I won't go into further details.

As for China, even before I go into how China itself benefits from fiat money, please understand that had the US not managed to save itself from the financial crisis of 2008, all efforts by the Chinese government at emergency management would have failed. The collapse of the American banking system would have a domino effect across the world, and very soon Chinese external trade would have collapsed - a shock that the Chinese economy is not ready to handle in the foreseeable future.

By the mid-1990s, bad debts at the 4 large Chinese State Owned Banks (SOBs) had reached such proportion that if they had been market-linked, 3 of them would be insolvent. Taking note of this dire situation, the Chinese government, in 1999, set up 4 Asset Management Companies (AMCs) to manage the debt of these 4 SOBs - Cinda (CBC), Huarong (ICBC), Orient (BOC) and Great Wall (ABC). These AMCs had to oversee 1.4 trillion yuan ($229 billion) of non-performing loans, and the primary means of this was deficit financing by making a provision in the budget.

Today, these AMCs are even making a profit, having done a good job, and foreign investors have invested in them, showing confidence in their abilities. How was all this possible? This was made possible by fiat currency. The Chinese government would not have been able to provision for these bad debts if they had to be paid out of current income and if money supply could not be increased rapidly. You were able to ride out a potential disaster because fiat money, coupled with a very high rate of growth, gave your government the breathing space required to handle the situation.

Now coming to what happened immediately after the financial crisis of 2008. Everyone knows that China managed to handle the situation remarkably well. How was that possible? Between January 2009 and January 2012 China’s banks issued 25 trillion yuan ($3.07 trillion) in new loans, equal to around 50 per cent of the country’s 2011 GDP in nominal terms. This money was channeled into construction, infrastructure projects such as HSR, and was the primary reason China was able to survive slowdown in exports and investment.

So what will happen to all these loans? This was the biggest credit expansion in human history, and one thing we know is that financial history teaches that an economy can’t digest such a massive increase in credit over such a short period efficiently. A significant portion of that credit must, logically, have been wasted and the underlying loans must now be toxic. Plenty of ghost cities and empty roads in China seem to back this up.

And yet, the Chinese government is reasonably optimistic about riding out this debt situation as well. Where does this confidence come from? The successful experience with the AMCs that I have described above. Such AMCs will be brought into play once again, mopping up NPAs and creating breathing space for the financial system. Already, the process has started. In late 2015, a large amount of debt owed by local governments was converted from high interest bearing debt into low interest bearing instruments. This is the first step towards transfer of these assets to AMCs.

Without the magical ability of deficit financing that fiat money enables, none of this would be possible. China's formidable forex+gold reserves will evaporate if it couldn't access its own ability to write off internal debt. So a gold-backed currency will hurt China as much as it will hurt the US.

There is only one practical scenario in which gold-backed currency can make a comeback - if the world financial system as we know it collapses. Question is - having tied its fate firmly to globalization, what would China gain from it? Even if China were to emerge victorious in this scenario (which I doubt), it would be a pyrrhic victory, with a very poor world to lord over. All of China's aspirations of becoming a high-income, developed nation would vanish, and it would be the one-eyed king in the land of the blind.

This is a doomsday scenario which a practical person such as yourself would surely not want. I agree that the present world financial system is not fair, transparent or inclusive. But it is both the product and the enabler of tremendous economic growth over the last century.

We can discuss ways of making it better, if you wish to do so. Thanks for reading.

 

[Boss Dragun]

I second this move as well. The world will become A Much Better Place had the empire were taken down along with the 'parasites' that controls them. I'd love my country to join in the combination too, although I'm afraid that we're being watched by "the south". The empire has taken our gold resources and only time will tell when they're going to " liberate" us from our resources again. If someday we were screwed REAL bad, I hope you guys carry on still.

 

[Mangus Ortus Novem]

@Götterdämmerung @samsara @TaiShang , my friends, I guess this man explain far better and coherently the thesis I have been advancing...that the empire gets the West and the Rest gets the rest.

Enjoy and critique, please!


sprottmoney.com

The REAL New World Order - Jeff Nielson
April 24, 2017

Regular readers are familiar with the Old World Order : the cabal of Western oligarchs who control not only our own puppet governments, but generally dictate events to most nations around the world. The vehicle used by these oligarchs to maintain their (economic) control over Western governments to keep them meek and submissive is the One Bank .

Regular readers are also familiar with this entity. The One Bank is a banking crime syndicate. Its dimensions have been previously defined in the computer modeling of a trio of Swiss researchers. The finding of that model is that by itself this crime syndicate controls roughly 40% of the entire global economy – all of the most important sectors.

What is one of the biggest problems for the One Bank? When you are a crime syndicate which controls 40% of the global economy, it becomes hard to continue to hide in the shadows.

The solution? The oligarchs resorted to the same solution they use to cover up all of the One Bank’s mega crimes: propaganda. In this case, it was disinformation. The oligarchs went and borrowed a metaphor which already existed in the extremes of conspiracy-theory writing: “the New World Order.”

They then began spreading this disinformation on a much larger scale than any of the previous conspiracy-mongering in this area. To give the disinformation a veneer of plausibility, the oligarchs of the Old World Order even allowed themselves to be (supposedly) linked to the mythological New World Order.

What is the NWO supposed to be? According to the propagandists (inadvertent and otherwise) who promote it, it is a secret, socialist, one-world government being constructed “above” the level of our own pathetic puppet governments.

How do you hide if you are a crime syndicate which controls 40% of the global economy? Where do you hide? Inside a great, big lie.

Alert and intelligent readers should automatically dismiss this NWO as nothing but absurd propaganda. What has the OWO been doing, perpetually and ravenously? Stealing all of the wealth of the masses and piling it atop the own obscene hoards of the oligarchs.

That is not “socialism”. Socialism is “share the wealth”, not steal all of the wealth.

It has become so easy to fool most people with vacuous ideological labels. Barack Obama was frequently labeled a “socialist” by much of the brain-dead Right. What did Obama do for eight years? He stole from the bottom 80% of the U.S. population and gave to his Masters: the Top 0.01%. That is not socialism either. Just another reverse-Robin Hood, right-wing government: steal from the Poor; give to the (very, very) Rich.

There is no “new world order”. There is only the Old World Order, or at least this has been the case for many, many decades up until now.

There is great irony here. The Old World Order invented the myth of the “New World Order” to hide its raping-and-pillaging of the planet. But it is precisely this continuous and ever more rapacious plundering that has now resulted in the rise of an actual New World Order.

This NWO is not a crime syndicate of psychopaths like the Old World Order. Neither is it some totally ridiculous ideological contrivance like the (mythological) New World Order. The real New World Order that is coming into existence today is an association of necessity, led by China and Russia, to help the nations of the Rest of the World protect themselves from the psychopathic West, and the oligarchs in control of it.

Remember the demise of the Soviet Union and the end of the Cold War? Weren’t those happy times? The “evil” Soviets had been defeated, and now we were all going to live happily ever after. China and even Russia were wooed by the West – old enemies becoming new friends.

However, when the oligarchs of the One Bank learned that Russia and China had no intentions of serving the West (i.e. the Old World Order), this new friendship quickly deteriorated. The next thing we knew, the Corporate media in the West were back to Cold War rhetoric, simply substituting “Russia” for “Soviet Union”.

Russia was first in the cross-hairs because it had never really benefitted from the new (supposed) era of cooperation between East and West. Put another way, the oligarchs had invested nothing in their faux friendship with Russia. Meanwhile, their puppets in the Corrupt West had already begun targeting nations allied to Russia.

One of the ways these puppet governments have been covering up their own campaign of naked aggression is through fabricating a massive blanket of propaganda. Every act of naked aggression by the West was supposedly a “reaction” by these fascist governments to supposed aggression from Russia’s allies or even Russia itself -- or else “the terrorists” (the West’s mercenary henchmen ).

It culminated when the U.S. staged a coup in Ukraine, Russia’s closest neighbour and ally. The coup was justified according to the West because the regime previously in power was corrupt. There are two obvious rebuttals to that pathetically flimsy argument.

1. There was already an election scheduled in Ukraine in less than six months. Are the Champions of Democracy (what the Corrupt West likes to call itself) telling us that a coup d’etat is better than simply waiting for an election?
2. If “corruption” was reason enough to stage a revolution, there would already be revolutions-in-progress all over the West itself.

After the U.S. staged that coup, demonization of Russia dramatically escalated, along with the military campaign against Syria – another Russian ally. Economic terrorism was launched against Russia’s economy. The ruble was ruthlessly attacked by the convicted currency manipulators of the One Bank. Oil prices were manipulated dramatically lower, with Barack Obama publicly boasting that this manipulation was “a part of the U.S. strategy” against Russia.

Soon, even China was targeted. China had outlived its usefulness as a (low wage) jurisdiction for Western multinational corporations. The Chinese people now wanted to be paid decent wages, so the oligarchs had already begun to shift their corporate operations to other even lower-wage jurisdictions.

The excuse for (once again) referring to China as an enemy was/is the South China Sea. While the West flexes its muscles by dropping bombs on the heads of people in Africa and Asia, the Western media has been relentlessly demonizing China for building artificial islands in essentially unoccupied waters.

Building islands or dropping bombs? Which is the more deplorable international crime? According to Western media, it is (conveniently) the “crime” of building islands.

This renewed aggression against Russia and China by the West did not spawn the Rest of the World’s “New World Order”. Instead, this aggression is the belated realization by the West’s psychopathic oligarchs of the existence of this new, world order. While the oligarchs have been busy destroying everything in sight, China and Russia were attempting to build something.

Here China has taken the lead with its Belt and Road Initiative . Loosely based upon China’s ancient “Silk Road”, it is the world’s largest project in terms of infrastructure and economic cooperation, even larger than the Marshall Plan at the end of World War II.

The Marshall Plan was an enormously successful initiative where the oligarchs actually worked on fixing all of the damage and destruction they had engineered after manufacturing World War II. In contrast, the Belt and Road Initiative is a plan to economically fortify (first) Asia and (then) the Rest of the World against the Corrupt West.

Along with this, China and Russia have constructed “parallel” economic institutions which now exist side-by-side with similar Western-based institutions. The great joke here is that while China and Russia have publicly spoken of these institutions existing in conjunction with their (corrupted) versions in the West, the oligarchs can clearly see that they are intended to replace Western-based institutions.

With which institutions would the Rest of the World prefer to do business: entities rancid with corruption like the World Bank and the IMF, or an honest broker like the Asia Development Bank?

Constant economic predation. Ever more reckless military acts from ever more-desperate regimes. The psychopathic empire of the One Bank has simply become so intolerable and so dangerous that the Rest of the World is being forced to unite as a mechanism of self-preservation.

This is the New World Order – the real one.

It really is “new”. It really does involve the “world” (except for the Corrupt West). And it really could/should lead to “order”, not the ever-worsening chaos as the One Bank regularly orders its puppet governments to destroy any nation that gets in its way.

What the New World Order is not is any sort of one-world government. What the New World Order is not is some (supposed) “socialist utopia”.

The new, world order being crafted by China and Russia is non-ideological. It is non-controlling. Another great irony here is that as Western regimes have gotten increasingly corrupt, belligerent, and simply evil, the Eastern powers have become relatively more virtuous.

Perhaps it was simply being able to observe how not to run the world (for several decades), but China and Russia have seemingly adopted the doctrine of Enlightened Self-Interest. By helping neighbouring nations and acting as honest brokers in the global community, China and Russia see the surest path to their own prosperity and security.

Another thing that the New World Order is not is perfect. As global powers, China and Russia do not resemble White Knights, merely the lessers-of-evil – much less evil. The New World Order coming into existence today is not some ideologically based pipe-dream. It is a construct of pragmatism, designed to help nations co-exist and (hopefully) prosper. In time, perhaps it will replace the United Nations – another corrupted Western institution.

The real NWO will succeed as the new “order” in the world because the Old World Order has succeeded in making itself obsolete.

Jeff Nielson is co-founder and managing partner of Bullion Bulls Canada; a website which provides precious metals commentary, economic analysis, and mining information to readers and investors. Jeff originally came to the precious metals sector as an investor around the middle of last decade, but with a background in economics and law, he soon decided this was where he wanted to make the focus of his career. His website is www.bullionbullscanada.com.

The views and opinions expressed in this material are those of the author as of the publication date, are subject to change and may not necessarily reflect the opinions of Sprott Money Ltd. Sprott Money does not guarantee the accuracy, completeness, timeliness and reliability of the information or any results from its use.

 

[samsara]

BOOKS - SONG Hongbing 宋鸿兵: Currency Wars (货币战争 | 貨幣戰爭) 1, 2, 3, 4, 5...

And for those readers here who are fluent to read in Chinese characters, I'll suggest them to purchase the hard copies and read into these books authored by SONG Hongbing 宋鸿兵 (just copy & paste from own archive)

The author: Song Hongbing 宋鸿兵​

Currency Wars (simplified Chinese: 货币战争; traditional Chinese: 貨幣戰爭; pinyin: Huòbì zhànzhēng) by Song Hongbing 宋鸿兵, also known as The Currency War, is a bestselling book in China, and is reportedly being read by many senior level government and business leaders in China. Originally published in 2007 the book gained a resurgence in 2009 and is seen as a prominent exponent of a recently emerged genre labeled "economic nationalist" literature. The premise of this book is that Western countries are ultimately controlled by a group of private banks, which, according to the book, runs their central banks. This book uses the claim that the Federal Reserve is a private body to support its role. The book's author correctly predicted a banking crisis in the US in 2008. More than one million copies of this book have been sold.

In July 2009, the book was followed by a sequel, Currency Wars 2: World of Gold Privilege 《货币战争2：金权天下》, published by China Industry and Commerce Publishing House (ISBN 978-9573265214), which The Financial Times reported as being one of the most popular books in China by late 2009. More than two million copies have been sold. In this book, Song predicted that by 2024, the world's single currency system will mature.

In May 2011, Currency Wars 3: Financial High Frontier 《货币战争3：金融高边疆》, a second sequel was published by Yuan-Liou Publishing (ISBN 978-9573267843). It discuss more specifically the modern Chinese History (from Chiang Kai-shek to the depreciation in the long term trend of U.S. dollar) seen from a Currency War perspective. It pushes towards an isolationist financial policy.

According to the book, the western countries in general and the US in particular are controlled by a clique of international bankers, which use currency manipulation (hence the title) to gain wealth by first loaning money in USD to developing nations and then shorting their currency. The Japanese Lost decade, the 1997 Asian Financial Crisis, the Latin American financial crisis and others are attributed to this cause. It also claims that the Rothschild Family has the wealth of 5 trillion dollars whereas Bill Gates only has 40 billion dollars.

Song also is of the opinion that the famous U.S. central bank, the Federal Reserve, is not a department of state functions, but several private banks operated by the private sector, and that these private banks are loyal to the ubiquitous Rothschild family.

On June 4, 1963, President Kennedy signed an executive order, which, as an amendment to Executive Order 10289, delegated the authority to issue silver certificates (notes convertible to silver on demand) to the Secretary of the Treasury. Song says the direct consequence was that the Federal Reserve lost its monopoly to control money. But it never happened. JFK went busted!

The book looks back at history and argues that fiat currency itself is a conspiracy; it sees in the abolition of representative currency and the installment of fiat currency a struggle between the "banking clique" and the governments of the western nations, ending in the victory of the former. It advises the Chinese government to keep a vigilant eye on China's currency and instate a representative currency. The book, published in 2007, also correctly described and warned of the various forms of derivative speculation used by Wall Street which eventually became the causes of massive margin call sell offs and stock market crash in late 2008.

-----------

#1: Currency Wars [2007]
#2: Currency Wars II [2009]
#3: Currency Wars III [2011]
...

Author: Song Hongbing 宋鸿兵

In 2007, one of China's best-selling books (sold over one million copies) was
Song's Currency Wars ("Huo Bi Zhan Zheng"), a screed about a world-domination plot
by international bankers who were about to make China their next target.
In this year's sequel, Currency Wars 2, Song describes a cabal of financiers
who plan to introduce a single world currency to replace the dollar.

After some considerable hassle with the Google Translation Toolkit,
here's a clumsy - but quite readable - English translation of
Currency Wars (aka. The Currency War, or "Huo Bi Zhan Zheng" 货币战争 in Chinese.
Formatting is preserved in the HTML, but some of the chapter links are broken.
First published in 2007, before the 2008 Financial Crisis, the collapse of Lehman Brothers.

Song Hongbing introduces the 17 Int'l Banking Families he believes are pulling the strings of global finance, and directing the course of world history:

• (01) The ROTHSCHILD familiy: the ‘godfathers’ of international finance, whose influence spans 200 years
• (02) The BLEICHRODER family: the trusted advisor of Germany’s Iron Chancellor Bismark
• (03) The OPPENHEIM family: from Cologne in Germany
• (04) The WARBURG family: from Hamburg in Germany
• (05) The SELINGMAN family: originally from Bavaria in Germany but finding success on Wall Street
• (06) The SCHIFF family: originally from Frankfurt, but making it big in the USA
• (07) The SCHRODER family, originally from Hamburg but finding success in London and New York
• (08) The SPEYER family, originally from Frankfurt
• (09) The MENDELSOHNS family from Berlin
• (10) The BARING family from England, who were associated with the Rothschilds in the 19th Century
• (11) The HOPE family from Amsterdam, The Netherlands
• (12) The FOULD family: advisors to the French royal family
• (13) The MALLET familily from France
• (14) The PEREIRE family from France
• (15) The MIRABAUDS family, from Switzerland
• (16) The ROCKEFELLER family from the USA
• (17) The MORGAN family from the USA

A glimpse at the book info at Amazon:

Book covers: Currency Wars (货币战争 | 貨幣戰爭) 1, 2, 3, 4, 5 authored by Song Hongbing 宋鸿兵​

NOTE: DO NOT confuse these books by Song Hongbing with the one of the same title in English authored by James Rickards, which was published at much later period years after the maiden release by Song!

Song Hongbing's Currency Wars Huobi Zhanzheng 货币战争----天涯在线书库 (in CN)
http://www.tianyabook.com/xiandai/huobizhanzheng/

The author, Song Hongbing’s own blog (in CN)
http://currencywar.blog.hexun.com/

Currency Wars - Wikipedia
http://en.wikipedia.org/wiki/Currency_Wars

Currency Wars by Song Hongbing « Sang's Economics Blog
http://sangecon.wordpress.com/2009/10/15/currency-wars-by-song-hongbing/

 

[Mangus Ortus Novem]

@samsara , thanks for sharing the summary and books.

As thought PRC is moving forward and with caution. Good thing. And Chinese citizen are far more informed than many citizens of decomcracies.

Regarding, World Single Currency...well the idea has been around for decades now... the empire will like nothing better than one single format to issue debt. For that to happen Euro-Dollar-Yen combine needs 'crisis'.

All that QE of ECB, Feds and BoJ were / are conducted in synch.

I am glad that OBOR is moving forward in an organised manner. This will help on many fronts.

Game of Go is always played slowly!