BRICS agree to local currency credits to ease dollar dependency
RT | March 29, 2012
The BRICS – Brazil, Russia, India, China and South Africa – have agreed to provide credit to each other in local currencies. Officials say the deal will facilitate economic growth in times of crisis.
The currency swap deal is aimed at promoting trade and investment in local currencies as well as to cut transaction costs. It’s also seen as a step to replace the dollar as a reserve currency in trade between BRICS.
“The idea is in line with many interests and economic exigencies in the world economy,” Yaroslav Lissovolik, the chief economist at Deutsche Bank told RT. “The euro and dollar are no longer seen as unquestionable monopolies in the role of reserve currencies. Clearly the world needs more reserve currencies.”
The deal would also increase the BRICS influence on the international arena and will make their cooperation less sensitive to sanctions from the West, experts say.
“The BRICS countries are in the first rank to do the job that international financial system now needs. What the BRICS said was a very welcomed wake up call,” John Kirton, the Co-Director of the BRICS Research Group told RT.
Russia and China have been trading in the ruble and yuan for several years, now Russia plans to expand local currency settlement with India.
“With China it took us three years to (evolve) from initial conversations to trading in local currencies,” Vladimir Dmitriev, the chairman of Russia’ s VEB told reporters. “I think we will meet similar terms with India”.
Meanwhile the swap requires a lot of technical work by each country such as the synchronization of national banking legislation, according to Mr. Dmitriev.
The BRICS countries are also going to announce plans on a joint development bank which is considered a possible rival to the World Bank and the IMF. If established, it would function as a lending agency and would provide finance for joint BRICS projects.
“They made it very clear it would be built to benefit not only BRICS countries themselves, but developing countries more broadly,” said KIrton. “But the big message was to give the World Bank more resources, only then would they see how the BRICS bank would fit in the supplement what they’ve already got.”
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Partisan Confusion
By Kevin Zeese | Dissident Voice | March 28th, 2012
I was standing outside the U.S. Supreme Court holding a sign that said: “Single Payer Now, Strike Down the Obama Mandate.” It was the second day of argument on the Affordable Care Act. As I watched the crowds it was evident this was an organized partisan event.
As the Washington Post reports, the mandate was a Republican idea that originated with conservatives: “The tale begins in the late 1980s, when conservative economists such as Mark Pauly, a professor at the University of Pennsylvania’s Wharton School of business, were searching for ways to counter liberal calls for government-sponsored universal health coverage. Pauly then proposed a mandate requiring everyone to obtain this minimum coverage, thus guarding against free-riders…Health policy analysts at the conservative Heritage Foundation, led by Stuart Butler, picked up the idea and began developing it for lawmakers in Congress. The Heritage Foundation worked with then-Gov. Mitt Romney (R) to pass Massachusetts’ 2006 health reform law, which required all Bay State citizens to purchase coverage.”
Someone from the Heritage Foundation came up to us, wanting to take a photo of our sign. I asked him – does the Heritage Foundation oppose the mandate? He said “yes.” I told him that the idea came out of the Heritage Foundation. He looked confused, mumbled an unclear answer “not since 2006” and walked away.
Of course, Democrats opposed this Republican idea. They saw it for what it is: a massive giveaway to the insurance industry that will lead to their entrenchment and continued domination of heath care. The idea was used by Republicans to oppose the Clinton health plan. Of course, the Clinton’s opposed it. But, by the 2008 presidential campaign, Hillary Clinton supported the mandate (by then the insurance industry was a big financial backer of hers), but candidate Barack Obama opposed it. One of his campaign advertisements said: “What’s she not telling you about her health-care plan? It forces everyone to buy insurance, even if you can’t afford it, and you pay a penalty if you don’t.”
So, while I was out there watching groups like the National Organization for Women, who supports single payer favoring this pro-insurance law, as part of a coalition of Democratic Party aligned groups, I thought, what if President McCain had passed this law. My conclusion, we’d have the same people out here protesting, they’d just reverse sides. This was really not about healthcare, it was about Obama vs. the Republicans in this 2012 election year.
The people protesting followed their leader’s orders, said the chants they were told to say, and held the signs they were given to hold, but they were confused. When we talked to people on both sides the partisan confusion was evident.
My colleague, Margaret Flowers, asked two women carrying an Americans for Prosperity sign (a group opposed to Obama’s law) whether they were on Medicare. They said “yes.” “Do you like it?” Again, “yes.” “Do you know Medicare is a government program?” A confused look. “Do you know the Republicans want to end Medicare, make it into private insurance?” “You don’t know what you’re talking about. You probably support Obama”; and they started to walk away. “No, we oppose ObamaCare,” the women stopped and listened again, “We think everyone should have Medicare. Don’t you think it would be a good idea if every American could have the Medicare you have and like?” “Hmm, yes” then, more confusion in their faces.
Then, talking to the Democrats showed equal partisan confusion. I explained: “We oppose the Obama mandate because we want to end insurance control of health care. We support single payer, Medicare for all?” Response: “So do I.” I asked: “Single payer ends insurance, and Obama’s law entrenches insurance more deeply in control of health care, aren’t those opposites?” Response, obviously not understanding what ‘opposite’ means: “It’s a step in the right direction.” I ask: “How can it be a step in the right direction when it is going in the opposite direction?” No longer able to say it is the right direction, spouts another talking point: “This is the best we can get, we can build on this.” Me, trying to figure out what the Democrat thinks there is to build on, asks: “But, if we want to end insurance domination, how do we build on a law that is based on insurance?” Unable to explain it, the Democrat answers: “We can’t get what we want.” I say: “Of course, not, if people like you and organizations like yours who support single payer, spend their time advocating for the insurance industry, we can’t get what we want. But, if people who support single payer work for it we could.” Answer: “But, we have to re-elect President Obama.”
Partisan confusion reigned.
And, sadly partisan confusion dominates our airwaves as well. Of course, the right wing radio continues to attack Obama and confusingly calls a market-based, insurance-dominated health law socialism. But, sadly the “liberal” media sends out equal partisan confusion. We were able to go into Radio Row, where all the liberal radio outlets were interviewing “experts” on health care. The talking points, like in the conversation, were repeated and repeated. When one radio host wanted to interview me, really debate me since he was a Democratic apologist, I sat down. An organizer in the room asked the host to speak with her. She came back and told me I had to leave. This was private property and only people allowed to be here were allowed to be here. I explained I was invited by a station to be interviewed. She explained: “I tell them who to interview. The stations have slots and we fill them.” I asked: “Do you mean only people who support Obama can be interviewed.” She explained “The Republicans do it to.”
So, partisan confusion reigns and it permeates the airwaves leaving many people confused. We need to clear the FOG (Forces Of Greed) and get the truth on the air.
Despite all this supermajorities of Americans have consistently supported single payer, whether inaccurately called socialism or correctly described as “Medicare for all” 60% or more support it. Why? For the same reason that the great salesman President Obama and his superb marketing team have been unable to sell forced purchase of health insurance: Every family, business whether large or small; and every doctor or other health care provider have suffered insurance abuse. Two thirds of those who go bankrupt from a health problem have health insurance. The American experience is that health insurance is expensive, provides inadequate coverage and tries to avoid paying for health care. We all know this. So, no matter what the politicians say – Americans do not trust the health insurance industry.
But, one thing the two parties in Washington agree on – they will protect health insurance at all costs. After-all, they are a great source of campaign contributions – as the two politicians responsible for forcing Americans to buy insurance, President Obama and Mitt Romney, well know.
Kevin Zeese is executive director of Voters for Peace.
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- Real Health Care Advocates Should Support Repeal of the Insurance Mandate (alethonews.wordpress.com)
Settlers ‘block entrance’ to Nablus village
Ma’an – March 28, 2012
NABLUS – Dozens of Israeli settlers blocked the entrance to a village near Nablus on Wednesday, officials said.
Palestinian Authority official Ghassan Doughlas told Ma’an that residents of Itamar and Elon Moreh settlements arrived at Beit Dajan in around 15 cars and closed the main gate to the village.
The settlers were protesting the reopening of the main road from Beit Dajan to Nablus a day earlier, Doughlas said.
The road had been closed by the Israeli military for 12 years, forcing villagers to take long detours to reach Nablus, the nearest city.
Doughlas said Israeli forces arrived and dispersed the settlers.
An Israeli military spokeswoman did not immediately return a call seeking comment.
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US to grant more funds to Israel’s Iron Dome missile system
Press TV – March 28, 2012
The United States is planning to grant more money to Israel’s Iron Dome missile system designed to intercept short-range rockets and mortars.
“Supporting the security of Israel is a top priority of President Obama and Secretary (Leon) Panetta… [The Department of Defense] intends to request an appropriate level of funding from Congress to support such acquisitions based on Israeli requirements and production capacity,” Pentagon Press Secretary George Little said in a statement on Tuesday.
The Obama administration and the US Congress allocated $205 million to Israel’s Iron Dome system in the 2011 budget. The budget for next year demands $3.1 billion in military aid to Israel, which is more than the current level and the highest for any foreign country.
Although the Pentagon statement provided no specific numbers, congressional sources said the purchase of 10 battery systems at a cost of $50 million each is likely to be requested.
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White House Correspondents Association refuses table to Helen Thomas at upcoming dinner – on 50th anniversary of allowing women journalists to attend, a breakthrough accomplished by Helen
By Alison Weir – March 27, 2012
I just sent the following message to the president of the White House Correspondents Association about their decision to refuse to allow Helen Thomas to purchase a table at their upcoming dinner. I hope others will contact them about this, also. (202-266-7453 phone; 202-266-7454 fax)
Dear Caren Bohan,
I hope you will reconsider your decision not to allow Helen Thomas to purchase a table at this year’s White House Correspondents Association’s Dinner. As you are aware, this will be the 50th anniversary of women journalists being allowed to attend this dinner – a breakthrough created by Helen Thomas.
Thomas wrote to your organization with a small, extremely appropriate request: “As the first woman president to preside over the WHCA, and one of a few women who were instrumental in successfully convincing President Kennedy to boycott the dinner, it is very important to me to celebrate the 50th anniversary of this monumental feat with my family and close friends this year.”
I have read that Secretary of the WHCA Julie Mason explained your denial of a table to Ms. Thomas’ because “it would be ‘logistically impossible’ to allow every past WHCA president to get their own table.”
However, as you and she are no doubt aware, this is not a request based on Thomas’ position as a past president of the WHCA; it is a request based on her unique, historical contribution.
In addition to breaking numerous barriers to women journalists, Thomas spent decades providing profoundly important reporting. It is for this reason that so many organizations honored her though the years with a multitude of awards, scholarships in her name, and honorary degrees — many of which have now been taken away through the vengeful, mean-spirited campaign waged against her by such Israel apologists as Ari Fleischer and Abraham Foxman (please see The Manufactured Controversy Over Former Senior White House Correspondent Helen Thomas.)
I feel there is little doubt that if Thomas had not offended Israel partisans, your organization would be particularly celebrating her at the upcoming dinner, not denying her small request.
Given Ms. Thomas’ age and health, this may be your organization’s last chance to honor her in person. Please reconsider your timid, highly inappropriate refusal to allow her to purchase a table – a truly minimal request.
Sincerely,
Alison Weir
President, Council for the National Interest
Executive Director, If Americans Knew
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Double Speak from Benjamin Netanyahu
By Philip Giraldi | The Passionate Attachment | March 28, 2012
The New York Times’ Isabel Kershner reporting from Jerusalem on March 20th described Israeli government rage at a comment made by the European Union’s foreign policy chief Catherine Ashton relating to the killing of three Jewish children in Toulouse France on the previous day. Ashton decried the killing but then tied it in to equally unfortunate deaths of children in other places, including Gaza. Her comment caused Netanyahu to explode, saying he was “infuriated” by the “comparison between a deliberate massacre of children and the defensive, surgical actions” of the Israeli Defense Forces hitting “…terrorists who use children as a human shield.” Israeli Foreign Minister Avigdor Lieberman quickly joined in, saying that Ashton should instead be thinking about the “children of southern Israel who live in constant fear of rocket attacks from Gaza.”
Where to begin? Israel’s surgical attacks have killed thousands of Gazans, including many children, and the stories about children as human shields comes from – you guessed it – Israeli government sources. The Goldstone report uncovered no evidence that there had been any use of civilians by Hamas militants. Israel has deliberately attacked schools and refugee camps, with little regard for who ends up dying. In its most recent bombings of Gaza, Israel has killed 26 Palestinians, including two children. No Israelis were injured when the Palestinians responded with homemade rockets. In 2011, 105 Palestinians were killed in Gaza, at least 37 of whom were undeniably civilians. This was up from 68 killed in 2010.
In Operation Cast Lead in January 2009, the Israelis killed at least 1,100 Palestinians, using phosphorous shells and other weapons considered to be forbidden under international law. Ten Israeli soldiers died as well as 3 civilians, a Palestinian-to-Israeli rate of mortality approaching 100 to one.
The fact that Netanyahu and Lieberman can be taken seriously and reported in the New York Times when they rant about how humane the Israeli Army is demonstrates that there is an operating assumption in the media that the American public can believe just about anything when it comes to Israel. It recalls the foppish French “philosopher” Bernard Henri-Levy’s assertion that the Israeli Army is the world’s most moral. After years of being subjected to intense propaganda, maybe it’s true that the public in Europe and America have been completely brainwashed when it comes to Israel’s bad behavior.
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Afghan War ‘Just Needs a Better Sales Pitch’
By Peter Hart – FAIR – 03/27/2012
The big New York Times story on the Afghan War today (3/27/12) focuses on public opinion in the United States, which is now dramatically anti-war: 69 percent think we shouldn’t be there.
An interesting point argument is raised later in the piece, when two sources make the argument that the war wouldn’t be so unpopular if Barack Obama would just do a better job of selling it:
Peter Feaver of Duke University, who has long studied public opinion about war and worked in the administration of President George W. Bush, said that in his view there would be more support for the war if President Obama talked more about it. “He has not expended much political capital in defense of his policy,” Mr. Feaver said. “He doesn’t talk about winning in 2014; he talks about leaving in 2014. In a sense that protects him from an attack from the left, but I would think it has the pernicious effect of softening political support for the existing policy.”
And later we get this from Brookings Institution hawk Michael O’Hanlon:
“I honestly believe if more people understood that there is a strategy and intended sequence of events with an end in sight, they would be tolerant,” Mr. O’Hanlon said. “The overall image of this war is of U.S. troops mired in quicksand and getting blown up and arbitrarily waiting until 2014 to come home. Of course you’d be against it.”
This is a pretty widespread belief in recent press coverage of Afghanistan– that somehow Obama could better explain the Afghan War if he’d just decide to do so. Here’s Liz Marlantes of the Christian Science Monitor (Chris Matthews Show, 3/18/12):
The criticism that you keep hearing from Republicans, and I think there’s some validity to this, is that the president also didn’t really spend any political capital selling this mission to the public. I’m not sure the public really understands what the mission is there anymore. Once bin Laden was dead, I think a lot of Americans feel like, “OK, we’ve solved our main problem over there.” In terms of our goals there, it keeps getting defined down. We’re not going to, you know, build a perfect democracy there anymore. And so I think people are thinking, “Well, why are we even there anymore?”
The Washington Post editorial page (3/20/12):
Mr. Obama must do more to build support in the United States for his policy. The president has given just a handful of speeches on Afghanistan during his first term, and his recent public comments have focused on bringing troops home, rather than completing their mission.
And Washington Post columnist Michael Gerson (3/22/12):
Obama has made broadly responsible decisions on Afghanistan. He bears the private burdens of wartime leadership with dignity as he comforts the families of the fallen. He has a strong national security team, a serious military strategy and measurable successes to highlight. But with a nation in need of rallying, his public voice is weak.
The assumption, of course, is that there is, in fact, an Afghan War “strategy” to defend. And that if Americans really understood what their country was doing there, they would support it.
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Questions emerge over police handling of Toulouse, France killings
By Alex Lantier | WSWS | 24 March 2012
Details emerging about Mohamed Merah, the alleged gunman in a series of murders in the Toulouse area from March 11 to March 19, raise serious questions about the conduct of French intelligence and police agencies.
Merah allegedly killed one paratrooper in Toulouse on March 11, two paratroopers in nearby Montauban on March 15, and a father and several children at a Jewish school in Toulouse on March 19. He was killed in an armed standoff with police at his Toulouse apartment Thursday, shot in the head by a sniper as he fell from his balcony.
Officials are scrambling to explain how Merah—though known to both French intelligence (DCRI, Central Directorate of Internal Intelligence) and to police—operated undetected for over a week, and why he was killed in the operation.
Speaking to Europe1 radio Thursday, Foreign Minister Alain Juppé admitted: “I understand why one would ask if there was an error or not. As I do not know whether there was an error, I cannot tell you what type of error, but we must shed light on this.”
Christian Prouteau, the founder of the GIGN (Intervention Group of the National Gendarmerie), a counterterrorism squad that rivals the elite police unit that killed Merah, criticized the assault yesterday. He said he was surprised that the standoff ended in Merah’s death: “How is it that the best police unit cannot arrest a lone man? They could have hit him with tear gas. Instead they threw armfuls of grenades at him. The result was that the criminal was put in a psychological state to continue his ‘war.’”
He added: “It may appear presumptuous, but in 64 GIGN operations under my command, there was not a single fatality.” Echoing comments by local Toulouse police, Prouteau asked why police did not simply wait in ambush outside Merah’s apartment and detain him as he left; this technique is apparently used often against Basque nationalists and mafia operatives.
These questions arose as incumbent President Nicolas Sarkozy seeks to exploit the tragedy to push for wide-ranging police state powers, and to burnish his law-and-order credentials for next month’s presidential elections.
A recent CSA poll taken after the shootings showed Sarkozy increasing his vote, winning 30 percent of the vote in the first round of the elections versus 28 percent for Socialist Party (PS) candidate François Hollande. Hollande is still expected to win the second round of the elections, however, due to Sarkozy’s unpopularity outside the UMP’s voter base.
In a televised speech Thursday, Sarkozy called for “criminal punishment” of anyone reading internet sites that promote “terrorism” or “hatred,” traveling abroad for “indoctrination,” defending “extremist ideologies,” or promoting them inside prisons. Such proposals, couched in such broad terms as to allow the state to criminalize virtually any oppositional politics, trample basic constitutional rights of free speech and travel.
Magistrates Union official Marie-Blanche Régnier said Sarkozy’s call was a “political maneuver.” She rhetorically asked whether he would include Marine Le Pen, the neo-fascist candidate whose voters Sarkozy has aggressively wooed with anti-immigrant rhetoric, on the list of “extremists.”
Under conditions in which the PS, the Communist Party (PCF), and the New Anti-capitalist Party are not challenging Sarkozy’s calls for “national unity,” most objections to the investigations have come from police and security specialists. However, the details that have surfaced already make clear that, if Merah was indeed the killer, he was able to carry out the murders only due to a remarkable breakdown of French police and intelligence operations.
Given the immense political stakes in Sarkozy’s exploitation of the shootings, it is only logical to ask whether there is any connection between this breakdown of intelligence and Sarkozy’s attempt to save his chances in the upcoming elections.
Shortly after the March 15 Montauban killings, officials were already saying they were exploring “all possible suspects” in the murders. According to the daily Libération, when on March 19 Toulouse police provided investigators with a list of Islamist “radicals” in the Toulouse area, it had only six names on it, and Merah’s was at the top of the list. Merah was therefore well known to police.
After the Montauban killings, however, Merah was apparently not identified—even though his mother’s IP address was on a police list of computers that had been in contact with the March 11 victim. This list was examined carefully by investigators, and it eventually played a role in Merah’s capture. However, investigators apparently did not cross-check this list with the list of Islamists until Monday the 19, after the killings at the Ozar Hatoreh school.
Defense expert François Heisbourg told Libération, “There are only a few dozen Frenchmen who have traveled to Afghanistan, and only a few units in the Midi-Pyrénées region [around Toulouse]. One wonders why no one paid more attention to him! One can perhaps understand this before the Toulouse and Montauban killings—it’s surprising, but not shocking. But afterwards? This means that either the agencies involved are completely out of cash, or they are not doing their job.”
He added, “I am puzzled when I hear the Paris and Toulouse prosecutors explain that they did not have the suspect’s address. It seems the Central Directorate of Internal Intelligence (DCRI) interrogated him in the autumn and concluded he was not dangerous. How did they contact him if they did not have his address?”
Heisbourg also raised questions about Merah’s training as a gunman, apparently acquired during a couple of trips to Afghanistan and Pakistan, though he spent most of his time working as a mechanic: “This ‘lone wolf’ acted in ways the most experienced mafiosi do not dare attempt. He ran his operation himself, and carried out the killings with an unprecedented degree of cold calculation and absence of hysteria. Even the September 11 terrorists were more unnerved. He has therefore received absolutely first-rate training. Who trained him and how?”
Indeed, some questions remain as to whether Merah in fact was the killer. He did not resemble the description given by witnesses at the Montauban shooting, who spoke of a corpulent figure with tattoos and a scar on the left cheek. By contrast, Merah was thin and had no facial markings.

