From Fort Russ
January 11, 2017 – Fort Russ Exclusive –
Translated by Jafe Arnold (J. Arnoldski)
From Fort Russ
January 11, 2017 – Fort Russ Exclusive –
Translated by Jafe Arnold (J. Arnoldski)
From Fort Russ
“I spent 33 years and four months in active military service and during that period I spent most of my time as a high-class muscle man for Big Business, for Wall Street and the bankers. In short, I was a racketeer, a gangster for capitalism. I helped make Mexico and especially Tampico safe for American oil interests in 1914. I helped make Haiti and Cuba a decent place for the National City Bank boys to collect revenues in. I helped in the raping of half a dozen Central American republics for the benefit of Wall Street. I helped purify Nicaragua for the International Banking House of Brown Brothers in 1902-1912. I brought light to the Dominican Republic for the American sugar interests in 1916. I helped make Honduras right for the American fruit companies in 1903. In China in 1927 I helped see to it that Standard Oil went on its way unmolested. Looking back on it, I might have given Al Capone a few hints. The best he could do was to operate his racket in three districts. I operated on three continents.”
— U.S. Major General Smedley Butler
As Lee Fang writes: The possibility of an Iran nuclear deal depressing weapons sales was raised by Myles Walton, an analyst from Germany’s Deutsche Bank, during a Lockheed earnings call this past January 27. Walton asked Marillyn Hewson, the chief executive of Lockheed Martin, if an Iran agreement could “impede what you see as progress in foreign military sales.” Financial industry analysts such as Walton use earnings calls as an opportunity to ask publicly-traded corporations like Lockheed about issues that might harm profitability.
Hewson replied that “that really isn’t coming up,” but stressed that “volatility all around the region” should continue to bring in new business. According to Hewson, “A lot of volatility, a lot of instability, a lot of things that are happening” in both the Middle East and the Asia-Pacific region means both are “growth areas” for Lockheed Martin.
The Deutsche Bank-Lockheed exchange “underscores a longstanding truism of the weapons trade: war — or the threat of war — is good for the arms business,” says William Hartung, director of the Arms & Security Project at the Center for International Policy. Hartung observed that Hewson described the normalization of relations with Iran not as a positive development for the future, but as an “impediment.” “And Hewson’s response,” Hartung adds, “which in essence is ‘don’t worry, there’s plenty of instability to go around,’ shows the perverse incentive structure that is at the heart of the international arms market.”
Former managing director of Goldman Sachs – and head of the international analytics group at Bear Stearns in London (Nomi Prins) – notes:
Throughout the century that I examined, which began with the Panic of 1907 … what I found by accessing the archives of each president is that through many events and periods, particular bankers were in constant communication [with the White House] — not just about financial and economic policy, and by extension trade policy, but also about aspects of World War I, or World War II, or the Cold War, in terms of the expansion that America was undergoing as a superpower in the world, politically, buoyed by the financial expansion of the banking community.
In the beginning of World War I, Woodrow Wilson had adopted initially a policy of neutrality. But the Morgan Bank, which was the most powerful bank at the time, and which wound up funding over 75 percent of the financing for the allied forces during World War I … pushed Wilson out of neutrality sooner than he might have done, because of their desire to be involved on one side of the war.
Now, on the other side of that war, for example, was the National City Bank, which, though they worked with Morgan in financing the French and the British, they also didn’t have a problem working with financing some things on the German side, as did Chase …
When Eisenhower became president … the U.S. was undergoing this expansion by providing, under his doctrine, military aid and support to countries [under] the so-called threat of being taken over by communism … What bankers did was they opened up hubs, in areas such as Cuba, in areas such as Beirut and Lebanon, where the U.S. also wanted to gain a stronghold in their Cold War fight against the Soviet Union. And so the juxtaposition of finance and foreign policy were very much aligned.
So in the ‘70s, it became less aligned, because though America was pursuing foreign policy initiatives in terms of expansion, the bankers found oil, and they made an extreme effort to activate relationships in the Middle East, that then the U.S. government followed. For example, in Saudi Arabia and so forth, they get access to oil money, and then recycle it into Latin American debt and other forms of lending throughout the globe. So that situation led the U.S. government.
Indeed, JP Morgan also purchased control over America’s leading 25 newspapers in order to propagandize US public opinion in favor of US entry into World War 1.
And many big banks, in fact, funded the Nazis.
BBC reported in 1998:
Barclays Bank has agreed to pay $3.6m to Jews whose assets were seized from French branches of the British-based bank during World War II.
Chase Manhattan Bank, which has acknowledged seizing about 100 accounts held by Jews in its Paris branch during World War II ….”Recently unclassified reports from the US Treasury about the activities of Chase in Paris in the 1940s indicate that the local branch worked “in close collaboration with the German authorities” in freezing Jewish assets.
The New York Daily News noted the same year:
The relationship between Chase and the Nazis apparently was so cozy that Carlos Niedermann, the Chase branch chief in Paris, wrote his supervisor in Manhattan that the bank enjoyed “very special esteem” with top German officials and “a rapid expansion of deposits,” according to Newsweek.
Niedermann’s letter was written in May 1942 five months after the Japanese bombed Pearl Harbor and the U.S. also went to war with Germany.
The BBC reported in 1999:
A French government commission, investigating the seizure of Jewish bank accounts during the Second World War, says five American banks Chase Manhattan, J.P Morgan, Guaranty Trust Co. of New York, Bank of the City of New York and American Express had taken part.
It says their Paris branches handed over to the Nazi occupiers about one-hundred such accounts.
One of Britain’s main newspapers – the Guardian – reported in 2004:
George Bush’s grandfather [and George H.W. Bush’s father], the late US senator Prescott Bush, was a director and shareholder of companies that profited from their involvement with the financial backers of Nazi Germany.
The Guardian has obtained confirmation from newly discovered files in the US National Archives that a firm of which Prescott Bush was a director was involved with the financial architects of Nazism.
His business dealings … continued until his company’s assets were seized in 1942 under the Trading with the Enemy Act
The documents reveal that the firm he worked for, Brown Brothers Harriman (BBH), acted as a US base for the German industrialist, Fritz Thyssen, who helped finance Hitler in the 1930s before falling out with him at the end of the decade. The Guardian has seen evidence that shows Bush was the director of the New York-based Union Banking Corporation (UBC) that represented Thyssen’s US interests and he continued to work for the bank after America entered the war.
Bush was a founding member of the bank [UBC] … The bank was set up by Harriman and Bush’s father-in-law to provide a US bank for the Thyssens, Germany’s most powerful industrial family.
By the late 1930s, Brown Brothers Harriman, which claimed to be the world’s largest private investment bank, and UBC had bought and shipped millions of dollars of gold, fuel, steel, coal and US treasury bonds to Germany, both feeding and financing Hitler’s build-up to war.
Between 1931 and 1933 UBC bought more than $8m worth of gold, of which $3m was shipped abroad. According to documents seen by the Guardian, after UBC was set up it transferred $2m to BBH accounts and between 1924 and 1940 the assets of UBC hovered around $3m, dropping to $1m only on a few occasions.
UBC was caught red-handed operating a American shell company for the Thyssen family eight months after America had entered the war and that this was the bank that had partly financed Hitler’s rise to power.
Indeed, banks often finance both sides of wars:
And they are one of the main sources of financing for nuclear weapons.
(The San Francisco Chronicle also documents that leading financiers Rockefeller, Carnegie and Harriman also funded Nazi eugenics programs … but that’s a story for another day.)
The Federal Reserve and other central banks also help to start wars by financing them. Thomas Jefferson and the father of free market capitalism, Adam Smith, both noted that the financing wars by banks led to more – and longer – wars.
And America apparently considers economic rivalry to be a basis for war, and is using the military to contain China’s growing economic influence.
Multi-billionaire investor Hugo Salinas Price says:
What happened to [Libya’s] Mr. Gaddafi, many speculate the real reason he was ousted was that he was planning an all-African currency for conducting trade. The same thing happened to him that happened to Saddam because the US doesn’t want any solid competing currency out there vs the dollar. You know Gaddafi was talking about a gold dinar.
Europe is in a bad condition. All over Europe it is the hard-working people with ordinary wages who pay most taxes while the rich people duck away. Many wage-earners are not able to live off their job income. Also in Germany. After a life of hard work, often enough, a miserable pension looms. The wealth of millionaires, however, has reached new peaks. In all of Europe the states are highly indebted because they have taken over the losses of irresponsible bankers and speculators. Greece´s debt is particularly high. Here, a corrupt political class together with Greek oligarchs and the international banks has shamelessly accumulated wealth for years and years. Since the introduction of the Euro especially, the party was on. Many small and medium-sized enterprises on the other hand were swept from the market by the new currency which was way too hard for Greece.
In the year 2010 Greece was bankrupt. It was clear already then that it would not be able to repay its debt. Yet despite that, Madam Chancellor, in 2010 you set the course for Germany and the other Euro countries to accept the liability for the Greek debt. By so doing you protected banks and hedge funds from losses in the billions. For the European tax payer who was never asked, however, this decision was a fatal error. It was clear from the beginning that a high amount of our money would be lost. Together with other parliamentarians of the Left I pointed this out to you in the Bundestag. You would not listen to it.
In the meantime Germany has more than 60 billion Euros at stake in Greece. Ever more credits were handed out in order to enable Greece to pay old debts – only because you, Madam Chancellor, did not want to acknowledge your mistake. That way the illusion of Greek solvency was upheld. In an enterprise this would be called delaying bankruptcy. The credits were given on conditions that led Greece even deeper into the crisis. The small people suffered, the Greek oligarchs became even richer. Today production in Greece is 25 per cent less as compared to 2010. There are no investments, the young generation has no perspective. Even though the Greek state has cut its expenses by almost a quarter which is more than any other European country has done, the debt has not shrunk. It is higher than it ever was. Still, Madam Chancellor, before the Greek referendum you wanted to spend another 15 billion Euro of European taxpayers´ money to have Athens pay for old debt. By taking on a new debt. The only condition you had was to oblige the Greek government to continue with the policy of the last years. The taxpayers in Germany, too, can be grateful to the Greek people that this proposal was swept from the table by their sovereign “No”.
It is time to come clean with the people. Stop burning more and more taxpayers´ money in order to disguise that a major part of the money we have already spent is gone. One day the truth will come out. The later it is the more expensive it is going to be for all of us.
Greece does not need a new “aid package” only in order to pay off old debt with new debt. Greece needs a haircut. It must be relieved, at least for three to five years, from the pressure to pay interest and repayment which it cannot shoulder by its own means anyway. Greece also does not need more social cuts but investments and a hefty levy on wealth at the expense of its oligarchs. What is necessary is an unbundling of the Greek economy in which today roundabout 800 immensely rich family clans hold solid monopolies and dictate the prices. Those are the reforms that would set the country on track, and not more pension cuts, VAT increase and privatizations.
You ought to remember: also the German reconstruction became possible by means of a generous debt haircut. After the Second World War Germany was granted a reduction of two thirds of its old debt. Only that way the economic miracle could have a full start. At that time we were indebted also to the Greeks, a debt that was never repaid. Madam Chancellor, change your policy. Before it is too late.
Posted on Fort Russ, January 26, 2015
Crimson Alter – Politrussia.com
Translated from Russian by Kristina Rus
2015: The Apocalypse or the Renaissance of the Russian economy?
Reading endless stories of schizo-patriots and liberals that the Russian economy will soon experience a complete collapse, would be very amusing if these stories, shaped exactly by the manuals of Rand Corporation, did not get on the nerves of real Russians. We all have a difficult year ahead, and to live with an eye on a “total collapse, looming on the horizon,” described by the gloom-and-doom prophets of all colors, – is a dubious pleasure. To live in constant fear that “the oligarchs will overthrow Putin, knock him out with a snuff-box, and the time will come to go out to the Patriotic Maidan to save Moscow”, is simply impossible. It is impossible not to notice that this psychosis is created skillfully and the main card of the manipulators is based on the hope that the audience will not notice those facts that clearly indicate that the situation is moving in a completely different direction.
Briefly, this scenario can be formulated as follows: subjugation of the oligarchy plus full state capitalism. About this, as a terrible disaster for the Russian economy, talks German Gref. Actually, this is not a disaster, but a renaissance.
In the working plan of the structure of the Russian economy, the Kremlin decided to take into account the positive and negative experience of the crisis of 2008 with amendments to current geopolitical realities. By all indications, at the famous meeting with Russian business leaders, Putin gave the oligarchs a choice: work for the country (dedollarization, participation in support of the ruble, the transfer of control over enterprises into the Russian jurisdiction, and so on) or the state will ‘deal’ with them and take the property.
Putin’s strategy is easy to reconstruct based on leaked to the press elements of the preparation for the meeting of the President and the leaders of Russian business. This is how these “gentleman talks” were described by government and business sources of Gazeta.ru:
“…Representatives of ministries and agencies contacted major exporters, shareholders and owners, and had a heart-to-heart conversation with them. The conversation went something like this: “Have you heard about our situation with the ruble? – “Yes” – “Could you possibly now not aggravate the problem – sell part of foreign currency earnings to support the ruble and to calm the citizens?”
Then there was a fork in the conversation. Some agreed with the recommendation, and some – not. The naysayers said: “I have a debt in foreign currency, and the ruble is floating free. So I am saving. You don’t have the right to force me”. They were replied: “Well, do as you wish. We have no right to force someone. But if tomorrow you will come to the government to ask for support, state guarantees, loans and in general… then don’t expect anything”.
The oligarchs had time to think, but the first results appeared immediately. The decision of Alisher Usmanov to transfer control of his companies (Megafon, Metalloinvest) to Russia – is an indication that the smartest oligarchs have already made their bets. One can only envy the foresight of Usmanov – his financiers began to break into the Chinese (Hong Kong) capital markets already back in the summer and the process of transferring control of the offshore assets to Russia was started long before Putin’s “December ultimatum”. The ability to feel the essence of time is the key to survival in the current geopolitical conditions.
A very unexpected example of the correct orientation in the political space is the owner of AFK Sistema, Yevtushenkov. It would seem, in the context of Western court decisions in the Yukos case, the incredible pressure of the West on Putin and the nationalization of Bashneft, Yevtushenkov had all the reasons to become Khodorkovsky 2.0 – the icon of the opposition, the hope of the State Department and the applicant for the post of Moscow’s curator after an oligarchic Maidan. In fact, many had expected this course of events. Instead, Yevtushenkov has “converted” in a few months, for which 10 years in prison was not enough for Khodorkovsky. Many argue that it is Yevtushenkov who sold those 3 billion dollars, mentioned by Putin. Moreover, Yevtushenkov had himself issued a black mark in the eyes of the West in his recent interview. Note two significant quotes: Continue reading
Update, November 13:
A company in South Africa is now refusing to send more coal to Ukraine. A shipment of 500,000 tons of coal was delivered to Ukraine already, but 1 million tons was ordered. Ukraine is now attempting to find another company to supply coal, but so far, there has been no deal.
Update, September 7, 2014:
The Kiev regime is buying 1 million tons of coal from South Africa due to the coal shortage in Ukraine. Prime Minister Yatsenyuk said on September 3 that the first ship was being loaded. 
August 25, 2014
This site has a map of where the reactors are in Ukraine. Those reactors are all across the country.
Coal supplies 40% of the power in Ukraine. On Aug. 19, ZeroHedge reported that Ukraine had less than 3 weeks of coal left because of the US-backed war against the Ukrainian people.
Now, the supply is down to less than 2 weeks.
50% of coal mines are closed due to the war. Coal production is way down. Supply roads have been destroyed.
Why is that important?
Nuclear reactors rely on grid power to keep reactor cores and fuel rods cool.
If the electric grid goes down, reactors have to rely on generators.
From nuclear expert Arne Gundersen:
…the most likely type of a nuclear accident is caused by a loss of offsite power. That is what happened at Fukushima: the power system AROUND the plant broke down. If that happens, not only will the plant not have power, but the street lights won’t work. According to the [Nuclear Regulatory Commission], the street lights DO work. Not only that, but your home lighting won’t work and your radio and TV won’t work. But according to the NRC, you will be able to contact the outside world by phones or by radio or by television. …remember the most likely cause of a nuclear accident is loss of offsite power and that has NEVER been part of an emergency plan, assuming that all of that does not work.
If there are brownouts or blackouts, will backup generators function and keep functioning to keep the reactor cores and fuel rods cool?
Generators aren’t maintained, and they break, like at Fukushima. They’re not built to do the work required. They must come on full power immediately and last for days, weeks, or months until grid power is restored. If generators do miraculously work, how will they be fueled until coal production resumes if roads are impassable? How will coal production resume if miners are fighting against Kiev militias, have evacuated, or have been killed?
Greg Palast writes:
A page from the notebook of an Emergency Diesel Generator expert, R.D. Jacobs, hired to monitor a test for a nuclear reactor’s back-up cooling system.
This is to record that on my last visit,….I pressed [a company executive] saying that we just did not know what the axial vibration of the crankshaft was doing to the [diesel] units. I was unable to impress him sufficiently.
The diesels were “tested” by turning them on for a few minutes at low power. They worked find. But R.D., a straight shooter, suspected problems. He wanted the motors opened and inspected. He was told by power company management to go to hell.
When we forced the plant builder [in Suffolk County, New York] to test the three Emergency Diesel Generators in emergency conditions, one failed almost immediately (the crankshaft snapped, as R.D.[Jacobs} predicted), then the second, then the third. We named the three diesels “Snap, Crackle, and Pop.”
…I knew that all these diesels were basically designed, or even taken from, cruise ship engine rooms or old locomotives. . I’m not an engineer, but I suspect a motor designed for a leisurely float n Bermuda is not fit for a life-and-death scramble. So, I asked [an industry insider], “They really can’t work at all, the diesels, can they?”
That’s when he introduced me to the phrase “crash start.”
On a ship, he explained, you would take half an hour to warm up the bearings, and then slowly build up to “critical” crankshaft speed, and only then add the “load.” the propeller…
That’s for sailing. But in a nuclear emergency, “the diesels have to go from stationary to taking a full load in less than ten seconds.”
Worse, to avoid having to buy additional diesels, the nuclear operators turbo-charge them, revving them to 4,000 horsepower in ten seconds when they are designed for half that output.
The result: snap, crackle, pop.
I learned that, at Fukushima, at least two of the diesels failed before the tsunami hit. What destroyed those diesels was turning them on. In other words, the diesels are junk, are crap, are not capable of getting up to full power in seconds, then run continuously for days….
”So, you saying emergency diesels can’t work in an emergency?”
“Actually, they’re just not designed for it.”
from Vulture’s Picnic, “Fukushima Texas” p. 294-297
Fukushima’s ongoing radiation is massively contaminating the air and ocean. See ENE News (www.enenews.com) for up-to-date information on that catastrophe. That radiation circles the world constantly. That’s from four explosions and three reactors that melted down and melted through.
Think Fukushima X 5.
Think Chernobyl X 15.
Even greedy and immoral oligarchs and American corporations, racist ultra-right Nazi thugs, and war-lusting Americans, cannot be that stupid or insane, can they?
This would doom life on earth. What planet are they planning to escape to in the event of such a disaster?
Get the word out now. Tell public officials: stop this foolish, immoral, and murderous American adventure now.
All of our lives are at stake.
Ukraine to buy 1-million tonnes of coal from SA
Note: there is so much false information in this story, it is hopeful that the coal shipment is true and will get to Ukraine in time.