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Posts Tagged ‘South Africa’

Furious Putin Orders “Project Double Eagle” To Destroy US, EU Economies

Posted by satyrikon στο 2 Απριλίου, 2014

O “ΦΟΙΝΙΚΑΣ” ΤΟΥ ΚΑΠΟΔΙΣΤΡΙΑ ΘΑ ΕΙΝΑΙ ΤΟ ΝΕΟ ΠΑΓΚΟΣΜΙΟ ΝΟΜΙΣΜΑ

Official symbol of The Central Bank of the Rus...

Official symbol of The Central Bank of the Russian Federation (Photo credit: Wikipedia)

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Furious Putin Orders “Project Double Eagle” To Destroy US, EU Economies

By: Sorcha Faal, and as reported to her Western Subscribers

In one of its most shocking reports since the beginning of the Ukrainian Crisis, the Ministry of Foreign Affairs (MoFA) is warning today that President Putin has ordered the immediate implementation of “Project Double Eagle,” which when fully realized will cause all global energy supplies to be purchased in gold thus, in effect, ending the US Dollar reign as the global reverse currency and collapsing both the United States and European Union economies.

“Project Double Eagle,” this report says, calls for The Central Bank of the Russian Federation (CBR) to begin production of 5 Ruble Gold Coins containing .1244 Troy Ounces of .900 Pure Gold, with a diameter of 18mm, emblazoned with a shielded and crowned double eagle, and which will become the worlds alternative to both the US Dollar and Euro in purchasing energy supplies.

Critical to note, this report continues, “Project Double Eagle” includes the creation of a new “national payment settlement system” which will allow Russia to build a foundation that could very soon offer an alternative to the Society for Worldwide Interbank Financial Telecommunications (SWIFT) banking system and allow nations around the world the chance to move away from the American Dollar and US hegemony.

The cause behind Putin’s “furious” reaction in ordering “Project Double Eagle” today, this report says, was the “illegal and absurd” blocking of a remittance from the Russian embassy in Astana, Kazakhstan, to Sogaz Insurance Group by the largest US bank, JPMorgan this week through SWIFT and which Foreign Ministry spokesman Aleksandr Lukashevich responded to by stating:

“If by this the American financial company wanted to ‘score points’ in the eyes of the White House, it has obviously overplayed. Washington has to understand: any hostile action towards the Russian diplomatic mission not only represents a breach of the international law, but is also fraught with counter measures, which will inevitably affect the work of the US Embassy and consulates-general in Russia.”

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Posted in ΕΠΙΚΑΙΡΟΤΗΤΑ | Με ετικέτα: , , , , , , , , , , , | 4 Σχόλια »

South African Army Put On High Alert In Response To Nationwide Miner Strike | ZeroHedge

Posted by satyrikon στο 12 Σεπτεμβρίου, 2012

English: Flag of Johannesburg, South Africa

English: Flag of Johannesburg, South Africa (Photo credit: Wikipedia)

That didn’t take long. BBC reports that «Military bases in South Africa have been placed on high alert for the first time since the advent of democracy in 1994, defence officials have confirmed. The move comes as firebrand politician Julius Malema prepares to address disgruntled soldiers near Johannesburg. The defence minister accused him of trying to «mobilise against the state».» In other words, striking miners are about to be considered enemies of the state, if they hinder record high profit margins at various international precious metal conglomerates. Hopefully South Africa does not test the theory that the worker exterminations (as a reminder tens of striking workers were previously killed by local police) will continue until worker morale improves, because i) it won’t, and ii) it will lead to a complete shut down of commodity extraction in the country.

From BBC:

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μέσω South African Army Put On High Alert In Response To Nationwide Miner Strike | ZeroHedge.

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Platinum Soars As Spreading South African Miner Strike Cripples World’s Biggest Platinum Firm | ZeroHedge

Posted by satyrikon στο 12 Σεπτεμβρίου, 2012

Ten days ago, when describing the latest casualty of the ongoing South African miner revolution, we said: «Expect more South African mines to shutter, as gold production in the world’s third largest gold producer grinds to a halt, and the local workers grasp they had the leverage all along. Should the South African example spread to other countries, then expect the price of gold to soar regardless of how much printing the central planners engage in the coming weeks and month.» Fast forward to today: «Labour unrest sweeping across South Africa’s mining sector hit top world platinum producer Anglo American Platinum on Wednesday, with striking miners blockading roads leading to shafts belonging to the mining giant, police said. The platinum price jumped as much as 1.5 percent to $1,624.74 an ounce, its highest since mid-April amid fears of more disruption to supplies of the precious metal used in jewellery and vehicle catalytic converters.» The good news: the complete mining shut down has not spread to other countries. Yet. The bad news: as expected, one after another South African mine is going offline. Why is this an issue? Because Chinese demands is soaring, even as the world is about to lose its third largest producer of gold. Not even the CME hiking gold margins to infinity will do much to prevent what will inevitably be a surge in precious metal prices. Factor in what is likely to be more easing by Bernanke tomorrow, and it may be time to eye the all time nominal high of just over $1,900 gold hit a year ago.

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μέσω Platinum Soars As Spreading South African Miner Strike Cripples World’s Biggest Platinum Firm | ZeroHedge.

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