Russia & China could set international gold price based on physical gold trading
RT | December 3, 2017
Since Russia, China, India, Brazil & South Africa are all either large producers or consumers of gold, or both, it is highly likely that the BRICS bloc they constitute could focus its cross-border gold trading network on trading physical gold.
Gold pricing benchmarks from such a system would be based on physical gold transactions, which is a departure from the way the international gold price is currently established.
Such a system would also be a threat to “gold” trading markets in London and New York. The London Over-the-Counter (OTC) and the New York COMEX futures exchange currently set the international gold price.
OTC and COMEX are really trading synthetic derivatives on gold, and are completely detached from the physical gold market. In London, the derivative is fractionally-backed unallocated gold positions which are predominantly cash-settled. In New York the derivative is exchange-traded gold future contracts which are predominantly cash-settled and backed by very little real gold.
The major gold producers Russia, China and other BRICS nations could change the way the international gold prices are set currently – in a synthetic trading environment which has very little to do with the physical gold market.
BRICS cooperation in the gold market was first unveiled in April by the First Deputy Chairman of Russia’s Central Bank, Sergey Shevtsov, during a visit to China.
“We (the Central Bank of the Russian Federation and the People’s Bank of China) discussed gold trading,” he said. “The BRICS countries (Brazil, Russia, India, China and South Africa) are major economies with large reserves of gold and an impressive volume of production and consumption of the precious metal. In China, gold is traded in Shanghai, and in Russia in Moscow. Our idea is to create a link between these cities so as to intensify gold trading between our markets.”
Even Russian Dissidents Say Americans Have Gone Crazy Over Putin
By Glen Ford | Black Agenda Report | November 30, 2017
The New York Times last week opened its pages to critics of the U.S. corporate media’s obsession with Vladimir Putin’s endlessly alleged, but never proven, campaign to subvert “American democracy.” After a year of unrelenting anti-Kremlin propaganda, the Times briefly lifted its curtain of censorship to allow a counter-narrative on “Russiagate” – but only for one discreet group: Russian “dissidents.” (See “Why Putin’s Foes Deplore U.S. Fixation on Election Meddling,” November 23.)
These “pro-Western liberals who look to the United States as an exemplar of democratic values and journalistic excellence,” as the Times describes them, are dismayed, insulted and angry at the non-stop lunacy churned out by U.S. media. If the Times, the Washington Post, CNN and most of the Democratic Party are to be believed, President Putin is a superman, “an almighty force from a James Bond saga,” said Leonid M. Volkov, chief of staff for anti-Putin politician Aleksei A. Navalny . How could the Russian opposition ever hope to overcome such a titan — a man who can wreck the political order in the world’s reigning superpower with the expenditure of only $100,000 on Facebook? “This image is very bad for us,” Volkov told the Times. “Putin is not a master geopolitical genius.”
Putin has been made to look “invincible,” said Michael Idov, a Russian-American screenwriter (the closest the Times got to giving a fellow American the opportunity to challenge the corporate Russiagate obsession).
The New York Times has cultivated a cabal of pro-western Russian politicians ever since Bill Clinton’s presidency, when U.S. bankers helped to create the Russian oligarchy with assets stolen from the wreckage of the Soviet state. Vladimir Putin is credited with taming the oligarchs, who nevertheless remain embedded in the nation’s infrastructure. The politicians the Times calls “dissidents” hate Putin, but they are also proud to be Russian, and cannot abide U.S. scape-goating of their nation. The Americans sound crazy. “What is happening with ‘the investigation into Russian interference,’ is not just a disgrace but a collective eclipse of the mind,” said Volko.
It is obvious to every politically aware Russian that Donald Trump and his team of incompetents met with hardly any Russians of consequence on his trips to that country — mostly wannabes and hustlers. But, U.S. audiences can’t distinguish one Russian from the other, and know only one Russian face: Putin’s.
Journalist Oleg V. Kashin, a Kremlin critic, said: “The image of Putin’s Russia constructed by Western and, above all, American media outlets over the past 18 months shocks even the most anti-Putin reader in Russia.” Times correspondent Higgins reports that Kashin “complained that the American media has consistently misconstrued the way Russia works, presenting marginal opportunists and self-interested businessmen with no real link to the Kremlin as state-controlled agents working on orders from Mr. Putin.”
The New York Times and the Washington Post know their way around Moscow — and if they don’t, the CIA will give them directions. Indeed, their friends, the Russian “dissidents,” would have been glad to advise the U.S. media on Russiagate, but that would have made a boring story about small time sleaze in a cold climate. What the U.S. War Party needed was a new cold war to accompany Washington’s global military offensive.
U.S. “liberals” and “progressives” hate Trump more than they value peace, and are not nearly as smart as they think they are. Professor of history Ivan I. Kurilla, who specializes in American studies at the European University in St. Petersburg, said anti-Trump Americans want to foist him on Russia — politically exiling the Orange Menace to somebody else’s country. “American liberals are so upset about Trump that they cannot believe he is a real product of American life,” said Kurilla. “They try to portray him as something created by Russia. This whole thing is about America, not Russia.”
The Times’ Russian dissident friends despise RT, the state-supported Russia news agency, but are worried about Washington’s demand that RT register as a foreign agent. Until only a few years ago, U.S. NGOs were hyper-active in Russia, spending millions to create and subsidize opposition to Putin’s United Russia party, hoping to foment a “color” revolution. Western-oriented political actors in Russia fear that Russiagate will provoke a Kremlin crackdown on activists that are too closely identified with the U.S. The truth is, the “dissidents” interviewed by the New York Times are dependent on western corporate media for legitimacy and visibility. The real opposition in Russia is the Communist Party, which is the second largest party in the country but gets almost no coverage in the U.S. press, while the western-allied opposition hardly shows up in the polls.
Thus, even the nature of “dissent” in Russia is grossly distorted by the U.S media, which commits a similar crime against truth on its home turf. The New York Times went all the way to Moscow and St. Petersburg to solicit critiques of Russiagate coverage (“propaganda” is a better term), but rigidly censors American skeptics.
In so doing, they create a bubble of fear and ignorance that envelops the country — while everything inside, shrinks.
Glen Ford can be contacted at Glen.Ford@BlackAgendaReport.com
US Continues to Provoke North Korea – Lavrov
Sputnik – November 30, 2017
The US is trying to force Pyongyang to abandon its nuclear missile program. However, its actions have only lead to the escalation of the situation in the region.
Moscow is against the idea of increasing sanctions pressure on North Korea amid the latest missile launch, Russian Foreign Minister Sergei Lavrov said Thursday.
“We have repeatedly stressed that the sanctions pressure is essentially exhausted, and that all those resolutions that had imposed sanctions necessarily included demands to resume the political process, resume negotiations, and this is completely ignored by the US side. I think this is a big mistake,” Lavrov told reporters.
The minister stressed that the latest actions of the US authorities were aimed at provoking North Korea.
“The recent actions of the United States seem to be aimed deliberately to provoke Pyongyang to commit new harsh actions. It seems that everything has been done specifically to ensure that [North Korean Leader] Kim Jong Un snapped and took another adventurous move,” Lavrov said.
He added that Washington should say directly whether it was seeking to find a pretext for destroying North Korea.
“The United States should first of all explain to us what they are trying to achieve. If they want to find a pretext for destroying North Korea, as the US Ambassador to the UN Security Council stated, they should say it directly, and the US leadership should confirm this. Then we will decide how to respond,” Lavrov said.
On Tuesday, Pyongyang conducted its most advanced- ever ballistic missile test. The missile flew 950 kilometers (590 miles) and reached an altitude of 4,475 kilometers. The flight lasted for 53 minutes, after which the missile fell into the Sea of Japan, within the Japanese exclusive economic zone.
Earlier in the day, US Ambassador to the United Nations Nikki Haley urged countries around the world to cut off their commercial, diplomatic, military and any other ties with North Korea. US President Donald Trump said in a statement on Wednesday that new major sanctions would be imposed on North Korea in response to its latest missile launch.
READ MORE: US Calls on All Nations to Cut Off Ties With North Korea
US Trying to Deliberately ‘Provoke’ North Korea, says Lavrov
US to Hold Massive Military Exercise on Korean Peninsula… Again
Russian Foreign Minister Sergei Lavrov
By Richard Edmondson | Fig Trees and Vineyards | November 24, 2017
It was back in August that the US staged a massive 10-day war war games exercise on the Korean peninsula. Involving some 75,000 US and South Korean troops, the exercise, dubbed “Ulchi-Freedom Guardian,” saw forces deployed on land, sea, and in the air–a massive display of military power denounced by the North Koreans as a “reckless behavior driving the situation into the uncontrollable phase of a nuclear war”… and it was also around this time that the DPRK threatened to attack Guam.
Now here we are three months later, and the US is about to do it all again. An exercise called “Vigilance Ace” is scheduled to run December 4-8, and according to Sputnik it will involve 230 war planes, including F-22 Raptors and F-35 Joint Strike Fighters.
The “realistic” combat exercise is tailored to “enhance interoperability between US and Republic of Korea forces and increase the combat effectiveness of both nations,” the Seventh US Air Force, which operates out of South Korea, said in a Friday statement.
All this comes just 10 days after reports emerged of three US aircraft carrier groups taking positions in waters around the Korean peninsula in what North Korea’s UN ambassador described as a “strike posture.”
As in the previous two incidents–the Ulchi-Freedom exercise in August and the carrier deployments earlier this month–the North Koreans are again speaking out in protest, calling the upcoming Vigilance Ace games a “serious provocation.”
But perhaps the most arresting, eye-brow-raising remarks of all have come from Russian Foreign Minister Sergei Lavrov, who suggested that the US is intentionally trying to provoke the North Koreans.
“We are alarmed that in the last two months when North Korea conducted no tests or rocket launches, it seemed that Washington was not happy about that, and tried to do things that would irritate and provoke Pyongyang,” Lavrov said.
He has a good point. It has been approximately 70 days since North Korea’s last missile test. Why the need for a massive military exercise now?
Lavrov also suggested that the confrontation with North Korea is a pretext, and that the real objective is the placement of US missiles on Russia’s doorstep. He is almost certainly correct in this, but of course it is extremely rare for a high-ranking Russian official to speak this candidly.
“We are expressing deep concern, with facts to back it up, that Japan, along with South Korea, is becoming a territory for the deployment of elements of the US global missile defence system which is being rolled out in that region under the pretext of the North Korea threat,” Lavrov said.
“We have no problems directly with Japan, we do not see risks there. We see risks because of the proliferation of a global US missile defence system on the territory of countries that neighbour Russia, including Japan,” he added.
Lavrov made the remarks during a visit to Moscow by Japanese Foreign Minister Taro Kono.
Russia and China have proposed an agreement calling for an end to US war games on the Korean peninsula in exchange for a halt in missile testing by the North. The proposal has been rejected by the US and South Korea.
Iran’s top military commander arrives in Russia for talks
Press TV – November 20, 2017
Chief of Staff of the Iranian Armed Forces Major General Mohammad Baqeri has arrived in the Russian Black Sea resort city of Sochi to attend a tripartite meeting with his Turkish and Russian counterparts.
The sides are scheduled to exchange views about ways to enhance trilateral defense cooperation on Wednesday.
The military brass of Iran, Turkey and Russia will also discuss the latest developments in Syria and trilateral cooperation on the fight against Daesh terrorist group.
The meeting will be held on the same day that Iranian, Russian and Turkish Presidents Hassan Rouhani, Vladimir Putin and Recep Tayyip Erdogan plan to hold talks in Sochi about the Syrian crisis and ways to resolve it.
Iranian Foreign Minister Mohammad Javad Zarif and his Turkish and Russian counterparts Mevlut Cavusoglu and Sergei Lavrov, respectively, held preparatory talks in the southern Turkish city of Antalya on Sunday ahead of the Sochi summit.
Speaking after the meeting, the Iranian foreign minister criticized some countries such as Saudi Arabia for pursuing policies aimed at sowing discord among regional states.
“If they change their methods, they can also be involved in [promoting] regional peace instead of warmongering [policies],” Zarif said.
Iran, Russia and Turkey are acting as the guarantors of a ceasefire in Syria that came during the intra-Syrian talks brokered by the three countries in the Kazakh capital, Astana.
So far, seven rounds of the Astana talks have brought representatives from Syria’s warring sides to the negotiating table in a bid to end the foreign-backed militancy in the Arab country, which broke out in March 2011.
Syrian army soldiers, backed by pro-government fighters from popular defense groups, on Sunday fully liberated the strategic city of al-Bukamal in the country’s eastern province of Dayr al-Zawr and on the border with Iraq from the clutches of Daesh Takfiri terrorist group. The city was the extremist group’s last stronghold in the Arab country.
US won’t be constrained by UN Security Council in Syria: Haley
Press TV – November 18, 2017
The United States does not consider itself constrained by the UN Security Council and may seek “justice” in Syria on its own terms, says the US representative to the UN, Nikki Haley.
Haley said on Friday that with or without unity of the council, Washington “will continue to fight for justice and accountability in Syria.”
She made the remarks after Russia vetoed a UN resolution that sought to extend the mandate of the international investigation into chemical weapons use in Syria.
The mandate for the US-drafted resolution, known as Joint Investigative Mechanism (JIM), expired on Friday. This was the third time in a month Russia vetoed attempts at the UN to extend the inquiry.
The council’s permanent member, Russia agreed to the creation of the investigation two years ago, but it has consistently questioned its work and conclusions. It has repeatedly cited flaws in the work on instigators.
Russia’s UN ambassador Vassily Nebenzia said on Friday that the investigation could only be extended if “fundamental flaws in its work” were fixed. He said that for the past two year the investigators had “rubber-stamped baseless accusations against Syria.”
They accused Syrian President Bashar Assad of using chemical weapons against his own people. Syria, however, has repeatedly denied the allegations.
Haley further said that Russia in recent weeks, has been trying “to delay, to distract and ultimately to defeat the effort to secure accountability for chemical weapons attacks in Syria.”
“Russia is wasting our time,” she argued.
Her remarks provoked an angry response from Russian Foreign Minister Sergei Lavrov, who accused her of having engaged in a “fake diplomacy.”
“It seems we are witnessing a new phenomenon in international relations, as now, apart from fake news, there is also fake diplomacy,” Lavrov said.
The US has long history of taking actions in Middle Eastern countries with no mandate from the United Nations. Back in August 2014, Washington along with some of its allies launched a campaign of airstrikes against what are said to be Daesh positions inside Iraq.
The coalition expanded its campaign to Syria in 2014 without any authorization from the Damascus government or a UN mandate.
US Defense Secretary James Mattis claimed on Monday that “the UN said that … basically we can go after ISIS (Daesh). And we’re there to take them out.”
Lavrov, however, rejected his remarks on Thursday, saying the US presence in Syria “is illegitimate because it does not rely either on the decision of the UN Security Council or on the invitation of the legitimate government.” He said that there was no Security Council resolution that allowed US troops on the Syrian territory.
The us airstrikes have on many occasions–both in Iraq and Syria– resulted in civilian casualties and failed to fulfill their declared aim of countering terrorism.
Russia, Turkey, Iran meeting to discuss Syria strategy
By M.K. Bhadrakumar | Asia Times | November 17, 2017
In a historic development, Russian President Vladimir Putin will be hosting his Turkish and Iranian counterparts – Recep Erdogan and Hassan Rouhani – at a trilateral summit on November 22 in Sochi.
Turkey’s Anadolu news agency reported that the meeting, the first of its kind between the three countries, will focus on Syria and the overall situation in the Middle East. Turkish Deputy Prime Minister Bekir Bozdağ said the leaders “will handle Astana [peace talks in the capital of Kazakhstan earlier this year] and the political transition process in Syria. They will make important evaluations.” This comes as an unexpected development but is not surprising. Simply put, the three countries share a profound sense of disquiet over Washington’s regional strategies and sense that an inflection point is being reached.
There has been some abrasive behavior by the US on the regional chessboard over the past week or two. For example, US Defence Secretary James Mattis disclosed on November 13 that his country’s military presence in Syria will continue even after ISIS is defeated. Russia promptly challenged the legitimacy of the US presence under international law. Russia, Turkey and Iran are opposed to a continued US presence in Syria. Turkey is particularly worried that a long-term alliance between the US and the Syrian Kurdish militia will complicate its own problem of Kurdish separatism.
Meanwhile, unnamed US State Department officials have claimed that Russia has assured the US that the Iranian militia and Hezbollah will leave Syria. Moscow then had to issue a denial through Foreign Minister Sergey Lavrov. Linked to this is the Israeli demand that a buffer zone be created in the Golan Heights from which the Iranian militia or Hezbollah be excluded.
The US, meanwhile, has once again raked up the issue of the fate of Syrian President Bashar Al-Assad, insisting that he cannot be part of any transition or elected government. The US has also questioned the raison d’etre of the Astana talks (involving Russia, Turkey and Iran) and insists that the focus should shift back to the Geneva process under UN supervision.
Ironically, it was when the Geneva process began meandering that Russia got Turkey and Iran over to Astana to painstakingly iron out their differences and work out a ceasefire in stages, and thereafter establish de-escalation zones to bring the war to an end.
The US feels excluded from the major achievements made in Astana to end the bloodshed in Syria. However, Washington was always welcome to join the process but chose to abstain. Washington has ruffled Russia’s feathers and Moscow has threatened to expose the US’s alleged covert dealings with ISIS. Unsurprisingly, Russian politicians have threatened to raise the matter at the UN.
Meanwhile, on Tuesday, the Russian Defence Ministry openly alleged that the US military is impeding Russian air attacks on ISIS targets on the Syrian-Iraqi border and is indirectly enabling the terrorists to regroup. The Pentagon called it a Russian “lie.” At any rate, the very next day, six Russian Tupolov long-range bombers flew from bases in Russia via Iranian and Iraqi airspace to vanquish those ISIS targets in a massive air strike.
The US military is maneuvering on the Iraq-Syria border to bring the region under its control so that it will be in a position to create new facts on the ground and block a land route from Iran leading to the Levant.
Notably, the strong alliance with the Kurdish militia gives the US the wherewithal to influence events in Turkey, Iraq, Iran and Syria. Indeed, oil and oil pipelines form an important vector of the geopolitics, too.
The “dogfight under a carpet” in US politics is complicating matters for Moscow. The Russians don’t have an interlocutor in Washington – something they never lacked even in the darkest periods of the Cold War.
Suffice to say, the latest developments in Lebanon have created dark forebodings of a regional war. Unsurprisingly, Russia, Turkey and Iran must be feeling the need to coordinate their efforts to push back at the US.
Both Turkey and Iran estimate that Saudi Crown Prince Mohammed bin Salman’s seemingly irrational behavior has a pattern. They suspect a script was worked out by Israel and the Trump administration with the objective of creating quagmires for Ankara and Tehran.
Earlier this week, Erdogan openly ridiculed the crown prince from an Organisation of Islamic Cooperation (OIC) platform and questioned whether he was qualified to differentiate “moderate Islam” from the extremist form. The simmering discord between the erstwhile Caliph and the Custodian of the Holy Places who succeeded him (on the debris of the Ottoman Empire) surged into view. Equally, Iran can see that the Saudis are encouraging Israel to attack Lebanon. In fact, Rouhani openly spoke about it on Wednesday.
The trilateral summit in Sochi next week is most likely Erdogan’s idea. He traveled to Sochi to meet Putin on Monday en route to Kuwait and Qatar. While in Doha, Erdogan reaffirmed Turkey’s military support to the emir.
Indeed, all this is playing out against the backdrop of the snowballing crises in the US’s bilateral relations with Russia, Turkey and Iran.
Lebanon FM Reveals Attempt to Intimidate Country Into Canceling Russian Gas Deal
Sputnik – 17.11.2017
Lebanese Foreign Minister Geral Bassil has held a meeting with his Russian counterpart Sergei Lavrov.
“We are about to sign our first contract on gas field exploration on the shelf with the participation of Russian companies. We are now seeing an attempt to make Lebanon leave this positive path,” Geral Bassil said.
“A campaign to scare Lebanon, to create obstacles in its path with the use of terrorist forces under different pretexts is underway,” the minister said, adding that “the campaign against Lebanon is being carried out by the same forces that support terrorists in Syria.”
At the same time, according to Bassil, Lebanon wanted to preserve good relations with Saudi Arabia despite the surprise resignation of Lebanese Prime Minister Saad Hariri.
“We never took any diplomatic steps that would escalate the situation,” Bassil said.
The top diplomat said that “some parties” to the conflict were trying to displace the head of the country from his office, adding that he expected Hariri to return to the country following his visit to France.
“We hope that Russia will continue building up its influence in the Middle East in order to form a balance of powers in the region,” Bassil added.
According to the minister, Beirut will respond to any attempt of interference in its internal affairs, stressing that the country’s sovereignty cannot be “bought and sold.”
For his part, Russian Foreign Minister Sergei Lavrov said “we are interested in Lebanon being safe and with the effective participation of all branches of power. And the most important thing, we support the resolution of all urgent issues by the Lebanese themselves without any external interference.”
The Lebanese Crisis
Previously, Moscow has voiced concern over the shock resignation of former Prime Minister Saad Hariri and urged all external forces that could influence the situation in Lebanon to show restraint and constructive approaches.
The situation in Lebanon escalated two weeks ago when then-Prime Minister Saad Hariri announced his resignation in a video address made from Saudi Arabia. The former minister expressed fears that he could be assassinated, like his father, in Lebanon, as well as accusing Tehran and the Iranian-backed Hezbollah movement of alleged attempts to destabilize the situation in the country and the Middle East, a claim strongly denied by the Islamic Republic as groundless.
While Lebanese President Michel Aoun has been accusing Saudi Arabia of holding Hariri and his family, Riyadh has strongly denied the claims as “groundless.” Hariri himself has repeatedly reiterated his intention to return to Lebanon in the next few days after his planned trip to France at the invitation of President Emmanuel Macron, saying that he is “perfectly fine.”


