Connect with us
//pagead2.googlesyndication.com/pagead/js/adsbygoogle.js (adsbygoogle = window.adsbygoogle || []).push({});

Latest

These Countries Are Quickly and Quietly Dumping the Dollar

There are no signs that anyone in the American government is either prepared to defend against the dollar collapse or to prevent it.

The Duran

Published

on

Authored by Robert Wheeler via Daisy Luther’s Organic Prepper blog:


Over the past few months, there has been a steady uptick in the number of countries dumping significant portions of their dollar holdings. This is causing many people to worry whether or not the US economy is in for a massive shock sooner, later, or somewhere in between.

While American corporate media outlets either ignore the developments entirely or claim that there is nothing to worry about, the reality is that the dumping of the dollar is a process that is clearly underway. More than that, it appears it is a process that is at least partially coordinated by a number of countries that have been targets of American sanctions and financial bullying in the “post 9/11 world.”

Thus, while corporate media outlets ignore the vanishing dollar dominance and reassure their hapless audience that everything is fine, alt media outlets are predicting a second Weimar Republic, this time in North America.

But what is really going on with the recent dollar dumping? Who is actually dumping the dollar and what kind of effects could we really expect to see in America if the dollar is truly abandoned?

Who Is Dumping The Dollar?

Since the dollar currently enjoys its status as the world’s reserve currency, it is constantly being bought and sold by nations across the entire planet. This arrangement is essentially what is keeping the dollar strong even after the United States embraced neo-liberal Free Trade policies that saw the greatest economic system the world has ever known turned into a shell of its former self. This arrangement allows the United States to sell its “debt” to the rest of the world, which other countries are willing to buy because of the stability of the American governmental system and the fact that America is still an economic powerhouse.

But as the US stretches its military and financial forces thin in the course of expanding its empire across the world, the collapse of that empire looms and, with it, increasingly jittery feet from countries desiring to make prudent financial decisions. For countries tired of being victims of the empire, those who desire a “multipolar” world, and those seeking to expand their own empires, however, the smell of blood is wafting through the air.

China, the emerging and competing empire, has already started the process of dumping the American dollar in a careful and coordinated fashion. This is particularly concerning since China holds so much of America’s debt and so many US dollars. If China dumped all of its holdings at once, America would likely enter a new financial crisis. Fortunately for Americans, however, such an immediate move would also throw China into a crisis which is most likely the main thing holding China back.

But make no mistake. China is moving forward with the plan of relieving itself of the dollar. After all, the country recently inked a deal to trade oil in yuan instead of the dollar.

“Mainland it is laying the ground for the Belt and Road Initiative, and China is even sweetening the pot by offering swap facilities to local countries to promote the use of the yuan,”  Stephen Innes, Head of FX Trading for OANDA in Asia Pacific told RT.

Indeed, it appears that developing country-to-country trading mechanisms are emerging as well which will eventually subvert the US dollar as the world reserve currency. Interestingly enough, the development of such a system is a result of aggressive Americans sanctions and financial bullying over the past few decades.

The United States maintains sanctions on all of its target nations such as Iran, Syria, North Korea, Russia, and others. But the US also threatens its “allies” with sanctions if they dare act rationally on the world stage or refuse to follow American dictates. As a result, America is sanctioning itself into isolation and creating a world where it has taken its ball and gone home so many times that the rest of the kids realize it’s possible and even easier to just play the game without the American bully on the field.

India is also slowly moving away from the dollar. Recently, it announced that it would be paying for the Russian S-400 system (important in its own right) and settling the payment in rubles, not dollars.

But it’s not just the development of country-to-country financial/trading mechanisms. Other countries have been slowly dumping the dollar outright. In fact, China has done that also. Take a look at a recent report from RT detailing how China just dumped the largest amount of Treasuries in 8 months. The article states,

In September, China’s share of US Treasuries holdings had the highest decline since January as ongoing trade tensions with Washington forced the world’s biggest economy to take measures to stabilize its national currency.

Still the biggest foreign holder of the US foreign debt, China slashed it’s share by nearly $14 billion, with the country’s holdings falling to $1.15 trillion from nearly $1.17 trillion in August, according to the latest data from the Treasury Department. The fall marks the fourth straight month of declines. China is followed by Japan, whose share of US Treasuries fell to $1.03 trillion, the lowest since October 2011.

Washington has accelerated the Treasury issuance to avoid potential growth in the federal deficit due to the massive tax cut pushed by President Donald Trump, as well the federal spending deal approved by the government in February.

Chinese purchases of US state debt have been decreasing over recent months. The latest drop comes on top of the escalating trade conflict between Beijing and Washington over trade imbalance, market access, and alleged stealing of US technology secrets by Chinese corporations. So far, the US has imposed tariffs on $200 billion of Chinese goods and Beijing retaliated with tariffs on $60 billion of US goods and stopped buying American crude.

China has been steadily dumping US dollar holdings over the past several months and Japan has followed suitAs RT reported last month,

China and Japan – the two main holders of the US Treasury securities – have trimmed their ownership of notes and bonds in August, according to the latest figures from the US Treasury Department, released on Tuesday.

China’s holdings of US sovereign debt dropped to $1.165 trillion in August, from $1.171 trillion in July, marking the third consecutive month of declines as the world’s second-largest economy bolsters its national currency amid trade tensions with the US. China remains the biggest foreign holder of US Treasuries, followed by long-time US ally Japan.

Tokyo cut its holdings of US securities to $1.029 trillion in August, the lowest since October 2011. In July, Japan’s holdings were at $1.035 trillion. According to the latest figures from the country’s Ministry of Finance, Japanese investors opted to buy British debt in August, selling US and German bonds. Japan reportedly liquidated a net $5.6 billion worth of debt.

Liquidating US Treasuries, one of the world’s most actively-traded financial assets, has recently become a trend among major holders. Russia dumped 84 percent of its holdings this year, with its remaining holdings as of June totaling just $14.9 billion. With relations between Moscow and Washington at their lowest point in decades, the Central Bank of Russia explained the decision was based on financial, economic and geopolitical risks.

Turkey is also backing away from the dollar, having dropped out of the “top-30 list of holders of American debt.” This probably has more to do with Turkey finally coming to the realization that the US was engaging in “hamburger diplomacy” and has no real allegiance to Turkey accept as a vassal state. The failed military coup in the country and the US arming of Kurdish forces in Syria have done nothing but push Turkey toward Russia.

India remains in the top 30 holder list but it has cut its holdings for five straight months.

As would be expected, Russia has been consistently moving forward not only to dump the dollar in a responsible manner but also to make its financial system more distinctly Russian and less dependent upon the whims of the Anglo financier arrangement. Again, RT writes,

One of Russia’s largest banks, VTB is seeking to decrease the share of US dollar transactions at home as locals are choosing the Russian ruble over the greenback.

“There is one interesting thing I wanted to highlight. Since the beginning of this year, people seem to be less interested in making dollar deposits or taking out dollar loans, compared to ruble-denominated deposits and loans. We believe this to be an important step towards the de-dollarization of the Russian finance sector,” said VTB head Andrey Kostin at a Kremlin meeting with President Vladimir Putin.

According to Kostin, VTB experts have drafted a package of proposals designed to further promote the ruble in international settlements. “I think that we need to create our own financial tools. This would serve as an additional safeguard for the Russian financial sector against external shocks, and would give a new impetus to its development,” Kostin added. The financial tools Kostin mentioned are floating Eurobonds, shares and other derivatives that are now used only in the West.

Russia has been seeking the ways of decreasing the dependence on the US currency after Washington and its allies imposed sanctions against Moscow in 2014. In May, President Putin said Russia can no longer trust the US dollar-dominated financial system since America is imposing unilateral sanctions and violates World Trade Organization (WTO) rules. Putin added that the dollar monopoly is unsafe and dangerous for the global economy.

It is important to remember that Russia has also dumped $47bn worth of Treasury bonds, dumping nearly half of its holdings at once.

What Happens If The Dollar Loses Its Status?

So why is this concerning? What would happen if the dollar loses its status as the world’s reserve currency?

The truth is, no one fully knows exactly what such a situation would look like and it would depend on a number of factors such as how quickly the dollar is abandoned by the world, the action taken by the US government in response, and the economic situation of the country once the dollar is unseated.

Despite mainstream claims, we’ve never really been in this specific situation before. Other countries have seen their currency used as the de facto world reserve but, when their time was up, there were also many other factors at play and the world financial system was less intertwined than it is today.

Still, although we may not know the specifics, we do have a general idea of what would happen.

First, Americans are going to lose the convenience of being able to use their currency just about anywhere in the world, both on a business and individual level. That’s not such a big deal on the individual level though it may cause a few hiccups for mid-sized businesses.

Second, interest rates will most assuredly go up. This is going to make it harder for businesses and individuals to pay back any loans they may have received to start or maintain their businesses, buy a home or car, and it will stifle economic growth and it is going to make more people hesitate to request those loans knowing that interest rates will be so high.

Third, and perhaps the most dangerous, is the potential for widespread inflation and devaluing of the currency. Loss of world reserve status will undoubtedly lower the value of the dollar. The question, however, is whether that devaluation would occur slowly over a period of years or even decades or whether it would take place within months, weeks, or days. Obviously, the former would be preferable if the dollar does have to be unseated because it would at least allow time for Americans to brace themselves and to prepare and innovate for the coming devaluation that would gradually get worse. In some cases, American exports might even be helpful for some American exports (though not helpful in terms of wages – competing via lower living standards is a race to abject poverty). But at least a slow burn would allow for Americans “in the know” to stock up on food, attempt to pay off their debts, arm themselves, and make prudent financial decisions in anticipation.

A quick and sudden loss of reserve currency status, however, would bring about an immense crisis that virtually no one is prepared for. As Webster Griffin Tarpley wrote in his article “The Second Wave Of The Depression – Hyperinflation Likely,” published in 2009,

The next wave is likely to involve a worldwide dollar panic. Using ballpark figures, we can say that there are about $4 to $5 trillion sloshing around the world in the form of hot money, US Treasury securities, Euro dollars, and various forms of zeno-dollars. Japan has about a trillion, China almost $2 trillion, and so forth. It is naturally very unwise for a developing country like China to hold so many dollars rather than using them to purchase needed infrastructure and capital goods, and the Chinese leaders are now very uncomfortable with their own foolish decision, which was of course taken under heavy US pressure. But the point is that this $4.5 trillion overhang is by its very nature exceedingly unstable. Every country that holds large sums of dollars or US treasury bonds is nervously eyeing every other such country to see if they show signs of bolting for the exit. Up to now, so far as we know, no large holder of dollars has attempted to reduce its exposure to the battered greenback by dumping these dollars on the international market. If anyone did so, would cause a true universal financial panic which would create chaos and mayhem not just in the United States and Great Britain, but in the vast areas of the rest of the world as well. This is concretely how hyperinflation could now very well arise: if one or more US creditor nations attempts to abruptly lighten up on dollars, the value of the US currency could undergo a catastrophic collapse, and that would spell runaway hyperinflation on the US domestic front.

The numbers are a decade old but the concept is still there.

That being said, given that the United States has used its status as a method of financing itself into maintained prosperity, the loss of that status would remove that privilege. Instead, the United States would be forced to either knuckle under to the dictates of the financiers that will have the country on its knees or do what it should have done all along – nationalize the Federal Reserve and begin issuing credit stimulus and imposing across-the-board tariffs on imports.

Conclusion

It would be nice to hope for the best and prepare for the worst but, as things appear today, we might want to start preparing much more than hoping. The US economic system, partially as a result of becoming an empire with all its requisite destabilizations and wars, mostly a result of Free Trade, and partially a result of private central banking among a host of other factors, has been sacrificed on the altar of globalism. Aggressive behavior on the financial, political, and military fronts has thus created a world seething with anger and hatred at the United States, who is now willing and able to begin weakening the dollar dominance in hopes for the creation of a new “multipolar” world out of the ashes of the old “American” one.

There are no signs that anyone in the American government is either prepared to defend against the dollar collapse or to prevent it. In fact, all signs point to the possibility that such a collapse is desired by the Anglo-financier community.

In other words, the best time to prepare is today.

Liked it? Take a second to support The Duran on Patreon!
Advertisement //pagead2.googlesyndication.com/pagead/js/adsbygoogle.js (adsbygoogle = window.adsbygoogle || []).push({});
4 Comments

4
Leave a Reply

avatar
4 Comment threads
0 Thread replies
0 Followers
 
Most reacted comment
Hottest comment thread
4 Comment authors
Shaun RameweVince DhimosRick OliverTom Welsh Recent comment authors
  Subscribe  
newest oldest most voted
Notify of
Tom Welsh
Guest
Tom Welsh

I didn’t see anything particularly new or interesting until I read the long quotation from Webster Griffin Tarpley. Writing in 2009, he said (of US Treasuries) “Japan has about a trillion, China almost $2 trillion, and so forth”.

That caused me to look quickly up to the top of the article. Yes, as I had thought, today Japan still has about $1 trillion – but China has almost halved its exposure to just over $1 trillion.

Now you see it – now you don’t.

Rick Oliver
Guest
Rick Oliver

Oh roll on Father Time !! To witness the demise of the Greedy Few will be the delight of my existence !!!

Vince Dhimos
Guest

I felt a certain nostalgia in reading this. The idea of the US propping up its dollar by selling it to other countries is an oversimplification. It is no longer true to the same extent as it was a few years ago. The MAIN buyer of US Treasuries is not any country or even all holder countries but the US social security payers, whose money has been misused for years as a prop to the USD. The US public is the biggest holder of Treasuries by far, accouting for 50%. https://www.thebalance.com/who-owns-the-u-s-national-debt-3306124

Shaun Ramewe
Guest
Shaun Ramewe

Good for them – really.

Latest

VIPS Fault Mueller Probe, Criticize Refusal to Interview Assange

The bug in Mueller’s report released on Thursday is that he accepts that the Russian government interfered in the election. Trump should challenge that, says VIPS.

Consortium News

Published

on

Via ConsortiumNews.com:


MEMORANDUM FOR: The President

FROM: Veteran Intelligence Professionals for Sanity (VIPS)

SUBJECT: The Fly in the Mueller Ointment

April 16, 2019

Mr. President:

The song has ended but the melody lingers on. The release Thursday of the redacted text of Special Counsel Robert Mueller’s “Report on the Investigation into Russian Interference in the 2016 Presidential Election” nudged the American people a tad closer to the truth on so-called “Russiagate.”

But the Mueller report left unscathed the central-but-unproven allegation that the Russian government hacked into the DNC and Podesta emails, gave them to WikiLeaks to publish, and helped you win the election. The thrust will be the same; namely, even if there is a lack of evidence that you colluded with Russian President Vladimir Putin, you have him to thank for becoming president. And that melody will linger on for the rest of your presidency, unless you seize the moment.

Mueller has accepted that central-but-unproven allegation as gospel truth, apparently in the lack of any disinterested, independent forensic work. Following the odd example of his erstwhile colleague, former FBI Director James Comey, Mueller apparently has relied for forensics on a discredited, DNC-hired firm named CrowdStrike, whose credibility is on a par with “pee-tape dossier” compiler Christopher Steele. Like Steele, CrowdStrike was hired and paid by the DNC (through a cutout).

We brought the lack of independent forensics to the attention of Attorney General William Barr on March 13 in a Memorandum entitled “Mueller’s Forensic-Free Findings”, but received no reply or acknowledgement. In that Memorandum we described the results of our own independent, agenda-free forensic investigation led by two former Technical Directors of the NSA, who avoid squishy “assessments,” preferring to base their findings on fundamental principles of science and the scientific method. Our findings remain unchallenged; they reveal gaping holes in CrowdStrike’s conclusions.

We do not know if Barr shared our March 13 Memorandum with you. As for taking a public position on the forensics issue, we suspect he is being circumspect in choosing his battles carefully, perhaps deferring until later a rigorous examination of the dubious technical work upon which Mueller seems to have relied.

Barr’s Notification to Congress

As you know, the big attention-getter came on March 24 when Attorney General William Barr included in his four-page summary a quote from Mueller’s report: “The investigation did not establish that members of the Trump campaign conspired or coordinated with the Russian government in its election interference activities.” Understandably, that grabbed headlines — the more so, since most Americans had been convinced earlier by the media that the opposite was true.

There remains, however, a huge fly in the ointment. The Mueller report makes it clear that Mueller accepts as a given — an evidence-impoverished given — that the Russian government interfered in the election on two tracks:

Track 1 involves what Barr, echoing Mueller, claims “a Russian organization, the Internet Research Agency (IRA)” did in using social media “to sow social discord, eventually with the aim of interfering with the election.” A careful look at this allegation shows it to be without merit, despite Herculean efforts by The New York Times, for example, to put lipstick on this particular pig.  After some rudimentary research, award winning investigative reporter Gareth Porter promptly put that pig out of its misery and brought home the bacon. We do not believe “Track 1” merits further commentary.

Track 2 does need informed commentary, since it is more technical and — to most Americans — arcane. In Barr’s words: “The Special Counsel found that Russian government actors successfully hacked into computers and obtained emails from persons affiliated with the Clinton campaign and Democratic Party organizations, and publicly disseminated those materials through various intermediaries, including WikiLeaks. Based on these activities, the Special Counsel brought criminal charges against a number of Russian military officers for conspiring to hack into computers in the United States for purposes of influencing the election.”

We are eager to see if Mueller’s report contains more persuasive forensic evidence than that which VIPS has already debunked. In Barr’s summary, the only mention of forensics refers to “forensic accountants” — a far cry from the kind of forensic investigators needed to provide convincing proof of “hacking” by the Russian government.

But They Were Indicted!

Circular reasoning is not likely to work for very long, even with a U.S. populace used to being brainwashed by the media. Many Americans had mistakenly assumed that Mueller’s indictment of Russians — whether they be posting on FaceBook or acting like intelligence officers — was proof of guilt. But, as lawyers regularly point out, “one can easily indict a ham sandwich” — easier still these days, if it comes with Russian dressing.

Chances have now increased that the gullible folks who had been assured that Mueller would find collusion between you and Putin may now be a bit more circumspect — skeptical even — regarding the rest of the story-line of the “Russian hack,” and that will be even more likely among those with some technical background. Such specialists will have a field day, IF — and it is a capital “IF” — by some miracle, word of VIPS’ forensic findings gets into the media this time around.

The evidence-impoverished, misleadingly labeled “Intelligence Community Assessment” of January 6, 2017 had one saving grace. The authors noted: “The nature of cyberspace makes attribution of cyber operations difficult but not impossible. Every kind of cyber operation — malicious or not — leaves a trail.” Forensic investigators can follow a trail of metadata and other technical properties. VIPS has done that.

A “High-Class Entity?”

If, as we strongly suspect, Mueller is relying for forensics solely on CrowdStrike, the discredited firm hired by the DNC in the spring of 2016, he is acting more in the mold of Inspector Clouseau than the crackerjack investigator he is reputed to be. It simply does not suffice for Mueller’s former colleague James Comey to tell Congress that CrowdStrike is a “high-class entity.” It is nothing of the sort and, in addition to its documented incompetence, it is riddled with conflicts of interest. Comey needs to explain why he kept the FBI away from the DNC computers after they were said to have been “hacked.”

And former National Intelligence Director James Clapper needs to explain his claim last November that “the forensic evidence was overwhelming about what the Russians had done.” What forensic evidence? From CrowdStrike? We at VIPS, in contrast, are finding more and more forensic evidence that the DNC emails were leaked, not hacked by the Russians or anyone else — and that “Guccifer 2.0” is an out-and-out fraud. Yes, we can prove that from forensics too.

But the Talking Heads Say …

Again, if Mueller’s incomplete investigation is allowed to assume the status of Holy Writ, most Americans will continue to believe that — whether you colluded the Russians or not — Putin came through for you big time. In short, absent President Putin’s help, you would not be president.

Far too many Americans will still believe this because of the mainstream-media fodder — half-cooked by intelligence leaks — that they have been fed for two and a half years. The media have been playingthe central role in the effort of the MICIMATT (the Military-Industrial-Congressional-Intelligence-Media-Academia-Think-Tank) complex to stymie any improvement in relations with Russia. We in VIPS have repeatedly demonstrated that the core charges of Russian interference in the 2016 election are built on a house of cards. But, despite our record of accuracy on this issue — not to mention our pre-Iraq-war warnings about the fraudulent intelligence served up by our former colleagues — we have gotten no play in mainstream media.

Most of us have chalked up decades in the intelligence business and many have extensive academic and government experience focusing on Russia. We consider the issue of “Russian interference” of overriding significance not only because the allegation is mischievously bogus and easily disproven. More important, it has brought tension with nuclear-armed Russia to the kind of dangerous fever pitch not seen since the Cuban missile crisis in 1962, when the Russian provocation was real — authentic, not synthetic.

Sober minds resolved that crisis more than a half-century ago, and we all got to live another day. These days sober minds seem few and far between and a great deal is at stake. On the intelligence/forensics side, we have proved that the evidence adduced to “prove” that the Russians hacked into the DNC and Podesta emails and gave them to WikiLeaks is spurious. For example, we have examined metadata from one key document attributed to Russian hacking and shown that it was synthetically tainted with “Russian fingerprints.”

Who Left the Bread Crumbs?

So, if it wasn’t the Russians, who left the “Russian” bread-crumb “fingerprints?” We do not know for sure; on this question we cannot draw a conclusion based on the principles of science — at least not yet. We suspect, however, that cyber warriors closer to home were responsible for inserting the “tell-tale signs” necessary to attribute “hacks” to Russia. We tacked on our more speculative views regarding this intriguing issue onto the end of our July 24, 2017 Memorandum to you entitled “Intelligence Veterans Challenge Russia Hack Evidence.”

We recall that you were apprised of that Memorandum’s key findings because you ordered then-CIA Director Mike Pompeo to talk to William Binney, one of our two former NSA Technical Directors and one of the principal authors of that Memorandum. On October 24, 2017, Pompeo began an hour-long meeting with Binney by explaining the genesis of the odd invitation to CIA Headquarters: “You are here because the president told me that if I really wanted to know about Russian hacking I needed to talk to you.”

On the chance Pompeo has given you no report on his meeting with Binney, we can tell you that Binney, a plain-spoken, widely respected scientist, began by telling Pompeo that his (CIA) people were lying to him about Russian hacking and that he (Binney) could prove it. Pompeo reacted with disbelief, but then talked of following up with the FBI and NSA. We have no sign, though, that he followed through. And there is good reason to believe that Pompeo himself may have been reluctant to follow up with his subordinates in the Directorate of Digital Innovation created by CIA Director John Brennan in 2015. CIA malware and hacking tools are built by the Engineering Development Group, part of that relatively new Directorate.

Obfuscation’

A leak from within the CIA, published on March 31, 2017 by WikiLeaks as part of the so-called “Vault 7” disclosures, exposed a cyber tool called “Marble,” which was used during 2016 for “obfuscation” (CIA’s word). This tool can be used to conduct a forensic attribution double game (aka a false-flag operation); it included test samples in Arabic, Chinese, Farsi, Korean, and Russian. Washington Post reporter Ellen Nakashima, to her credit, immediately penned an informative article on the Marble cyber-tool, under the catching (and accurate) headline “WikiLeaks’ latest release of CIA cyber-tools could blow the cover on agency hacking operations.” That was apparently before Nakashima “got the memo.” Mainstream media have otherwise avoided like the plague any mention of Marble.

Mr. President, we do not know if CIA’s Marble, or tools like it, played some kind of role in the campaign to blame Russia for hacking the DNC. Nor do we know how candid the denizens of CIA’s Directorate of Digital Innovation have been with the White House — or with former Director Pompeo — on this touchy issue. Since it is still quite relevant, we will repeat below a paragraph included in our July 2017 Memorandum to you under the sub-heading “Putin and the Technology:”

“We also do not know if you have discussed cyber issues in any detail with President Putin. In his interview with NBC’s Megyn Kelly, he seemed quite willing – perhaps even eager – to address issues related to the kind of cyber tools revealed in the Vault 7 disclosures, if only to indicate he has been briefed on them. Putin pointed out that today’s technology enables hacking to be “masked and camouflaged to an extent that no one can understand the origin” [of the hack] … And, vice versa, it is possible to set up any entity or any individual that everyone will think that they are the exact source of that attack. Hackers may be anywhere,” he said. “There may be hackers, by the way, in the United States who very craftily and professionally passed the buck to Russia. Can’t you imagine such a scenario? … I can.”

As we told Attorney General Barr five weeks ago, we consider Mueller’s findings fundamentally flawed on the forensics side and ipso facto incomplete. We also criticized Mueller for failing to interview willing witnesses with direct knowledge, like WikiLeaks’ Julian Assange.

Political Enemies & Mainstream Media (Forgive the Redundancy)

You may be unaware that in March 2017 lawyers for Assange and the Justice Department (acting on behalf of the CIA) reportedly were very close to an agreement under which Assange would agree to discuss “technical evidence ruling out certain parties” in the leak of the DNC emails and agree to redact some classified CIA information, in exchange for limited immunity. According to the investigative reporter John Solomon of The Hill, Sen. Mark Warner, (D-VA) vice chair of the Senate Intelligence Committee, learned of the incipient deal and told then-FBI Director Comey, who ordered an abrupt“stand down” and an end to the discussions with Assange.

Why did Comey and Warner put the kibosh on receiving “technical evidence ruling out certain parties” [read Russia]? We won’t insult you with the obvious answer. Assange is now in prison, to the delight of so many — including Mrs. Clinton who has said Assange must now “answer for what he has done.”

But is it too late to follow up somehow on Assange’s offer? Might he or his associates be still willing to provide “technical evidence” showing, at least, who was not the culprit?

You, Mr. President, could cause that to happen. You would have to buck strong resistance at every turn, and there all manner of ways that those with vested interests and a lot of practice in sabotage can try to thwart you — with the full cooperation of most media pundits. By now, you know all too well how that works.

But you are the president. And there may be no better time than now to face them down, show the spurious nature of the concocted “evidence” attempting to put you in “Putin’s pocket,” and — not least — lift the cloud that has prevented you from pursuing a more decent relationship with Russia.

For the Steering Group, Veteran Intelligence Professionals for Sanity

William Binney, former Technical Director, World Geopolitical & Military Analysis, NSA; co-founder, SIGINT Automation Research Center (ret.)

Bogdan Dzakovic, former Team Leader of Federal Air Marshals and Red Team, FAA Security (ret.) (associate VIPS)

Philip Giraldi, CIA, Operations Officer (ret.)

Mike Gravel, former Adjutant, top secret control officer, Communications Intelligence Service; special agent of the Counter Intelligence Corps and former United States Senator

James George Jatras, former U.S. diplomat and former foreign policy adviser to Senate leadership (Associate VIPS)

Larry Johnson, former CIA Intelligence Officer & former State Department Counter-Terrorism Official, (ret.)

Michael S. Kearns, Captain, USAF (ret.); ex-Master SERE Instructor for Strategic Reconnaissance Operations (NSA/DIA) and Special Mission Units (JSOC)

John Kiriakou, former CIA Counterterrorism Officer and former Senior Investigator, Senate Foreign Relations Committee

Karen Kwiatkowski, former Lt. Col., US Air Force (ret.), at Office of Secretary of Defense watching the manufacture of lies on Iraq, 2001-2003

Clement J. Laniewski, LTC, U.S. Army (ret.)

Linda Lewis, WMD preparedness policy analyst, USDA (ret.)

Edward Loomis, NSA Cryptologic Computer Scientist (ret.)

David MacMichael, former Senior Estimates Officer, National Intelligence Council (ret.)

Ray McGovern, former US Army infantry/intelligence officer & CIA presidential briefer (ret.)

Elizabeth Murray, former Deputy National Intelligence Officer for the Near East & CIA political analyst (ret.)

Todd E. Pierce, MAJ, US Army Judge Advocate (ret.)

Peter Van Buren,U.S. Department of State, Foreign Service Officer (ret.) (associate VIPS)

Robert Wing, U.S. Department of State, Foreign Service Officer (former) (associate VIPS)

Ann Wright, U.S. Army Reserve Colonel (ret) and former U.S. Diplomat who resigned in 2003 in opposition to the Iraq War

Liked it? Take a second to support The Duran on Patreon!
Continue Reading

Latest

Ukraine’s president-in-waiting Zelensky vows to end conflict in Donbass with ‘POWERFUL INFOWAR’

Zelensky vowed to “act within the Normandy format,” referring to the French-German-Russian-Ukrainian talks on war in Donbass, saying that “we will continue the Minsk process, we will restart it.”

RT

Published

on

By

Via RT…


Comedian-turned-politician Volodymyr Zelensky, set for a landslide win in Ukraine’s presidential vote, stayed true to character at his first press conference, dropping some flashy promises but refusing to go into boring detail.

Shortly after claiming electoral victory, Zelensky held a Q&A session with reporters at his campaign HQ in a Kiev business center. While the official results of the elections have yet to be announced, multiple exit polls suggest he secured more than 72 percent of votes.

Zelensky addressed the media in an easy-going manner. He spoke in a mix of Ukrainian and Russian, switching between the two languages, sometimes in one sentence. He also talked English a bit. But if the press hoped to shed light on the policies of the incoming president and his team, the conference actually generated more questions than answers.

Bringing the civil war in eastern Ukraine to an end appears to be one of the top priorities for Zelensky.

Promising to announce some kind of a plan shortly, he asked the reporters for help in the upcoming “infowar” that he says would help end the conflict, which, since 2014, has been raging between Kiev’s troops and the rebel self-proclaimed republics.

We will launch a very powerful information war to end the war in Donbass.

He then vowed to “act within the Normandy format,” referring to the French-German-Russian-Ukrainian talks on war in Donbass, saying that “we will continue the Minsk process, we will restart it.”

Next up, Zelensky did not rule out – even if half-jokingly – that the outvoted president Petro Poroshenko could gain a government post if the public “asks so.”

Do you want me to appoint him? Then I will ask society… If they tell me that they want to see Petro Poroshenko in one post or another – maybe, I don’t know.

Zelensky added, though, that he would like to try “new people” first. But the very team of the soon-to-be president still remains a mystery, as he’s refusing to provide any names, be it the new administration, the judiciary, or the country’s military.

“We have very serious acting generals who have authority in the army, you will definitely see them. I have no right to give the names of these people now, as there is an agreement with the generals,” Zelensky said cryptically, likewise not revealing his candidate for prosecutor general.

For now, Zelensky and his Servant of the People party – notably named after his own comedy show where he played a schoolteacher-turned-president – are promising to introduce the team “in the near future.”

Liked it? Take a second to support The Duran on Patreon!
Continue Reading

Latest

The Triumph of Evil

What is going on is that American oil companies want to recover their control over the revenue streams from Venezuela’s vast oil reserves.

Paul Craig Roberts

Published

on

Authored by Paul Craig Roberts:


Today (April 17) I heard a NPR “news” report that described the democratically elected president of Venezuela as “the Venezuelan dictator Maduro.” By repeating over and over that a democratically elected president is a dictator, the presstitutes create that image of Maduro in the minds of vast numbers of peoples who know nothing about Venezuela and had never heard of Maduro until he is dropped on them as “dictator.”

Nicolas Maduro Moros was elected president of Venezuela in 2013 and again in 2018. Previously he served as vice president and foreign minister, and he was elected to the National Assembly in 2000. Despite Washington’s propaganda campaign against him and Washington’s attempt to instigate violent street protests and Maduro’s overthrow by the Venezuelan military, whose leaders have been offered large sums of money, Maduro has the overwhelming support of the people, and the military has not moved against him.

What is going on is that American oil companies want to recover their control over the revenue streams from Venezuela’s vast oil reserves. Under the Bolivarian Revolution of Chavez, continued by Maduro, the oil revenues instead of departing the country have been used to reduce poverty and raise literacy inside Venezuela.

The opposition to Maduro inside Venezuela comes from the elites who have been traditionally allied with Washington in the looting of the country. These corrupt elites, with the CIA’s help, temporarily overthrew Chavez, but the people and the Venezuelan military secured his release and return to the presidency.

Washington has a long record of refusing to accept any reformist governments in Latin America. Reformers get in the way of North America’s exploitation of Latin American countries and are overthrown.

With the exceptions of Venezuela, Bolivia, Cuba, and Nicaragua, Latin America consists of Washington’s vassal states. In recent years Washington destroyed reform governments in Honduras, Argentina and Brazil and put gangsters in charge.

According to US national security adviser John Bolton, a neoconservative war monger, the governments in Venezuela, Cuba, and Nicaragua will soon be overthrown. New sanctions have now been placed on the three countries. Washington in the typical display of its pettiness targeted sanctions against the son of the Nicaraguan president Daniel Ortega. https://www.rt.com/news/456841-bolton-russia-venezuela-threat/

Ortega has been the leader of Nicaragua since for 40 years. He was president 1985-1990 and has been elected and reelected as president since 2006.

Ortega was the opponent of Somoza, Washington’s dictator in Nicaragua. Consequently he and his movement were attacked by the neoconservative operation known as Iran-Contra during the Reagan years. Ortega was a reformer. His government focused on literacy, land reform, and nationalization, which was at the expense of the wealthy ruling class. He was labeled a “Marxist-Leninist,” and Washington attempted to discredit his reforms as controversial leftist policies.

Somehow Castro and Ortega survived Washington’s plots against them. By the skin of his teeth so did Chavez unless you believe it was the CIA that gave him cancer. Castro and Chavez are dead. Ortega is 74. Maduro is in trouble, because Washington has stolen Venezuela’s bank deposits and cut Venezuela off the international financial system, and the British have stolen Venezuela’s gold. This makes it hard for Venezuela to pay its debts.

The Trump regime has branded the democratically twice-elected Maduro an “illegitimate” president. Washington has found a willing puppet, Juan Guaido, to take Maduro’s place and has announced that the puppet is now the president of Venezuela. No one among the Western presstitutes or among the vassals of Washington’s empire finds it strange that an elected president is illegitimate but one picked by Washington is not.

Russia and China have given Maduro diplomatic support. Both have substantial investments in Venezuela that would be lost if Washington seizes the country. Russia’s support for Maduro was declared by Bolton today to be a provocation that is a threat to international peace and security. Bolton said his sanctions should be seen by Russia as a warning against providing any help for the Venezuelan government.

Secretary of state Mike Pompeo and vice president Pence have added their big mouths to the propaganda against the few independent governments in Latin America. Where is the shame when the highest American government officials stand up in front of the world and openly proclaim that it is official US government policy to overthrow democratically elected governments simply because those governments don’t let Americans plunder their countries?

How is it possible that Pompeo can announce that the “days are numbered” of the elected president of Nicaragua, who has been elected president 3 or 4 times, and the world not see the US as a rogue state that must be isolated and shunned? How can Pompeo describe Washington’s overthrow of an elected government as “setting the Nicaraguan people free?”

The top officials of the US government have announced that they intend to overthrow the governments of 3 countries and this is not seen as “a threat to international peace and security?”

How much peace and security did Washington’s overthrow of governments in Iraq, Libya, Ukraine, and the attempted overthrow of Syria bring?

Washington is once again openly violating international law and the rest of the world has nothing to say?

There is only one way to describe this: The Triumph of Evil.

“The blood-dimmed tide is loosed, and everywhere the ceremony of innocence is drowned; the best lack all conviction, while the worst are full of passionate intensity.” — William Butler Yeats

Liked it? Take a second to support The Duran on Patreon!
Continue Reading

JOIN OUR YOUTUBE CHANNEL

Your donations make all the difference. Together we can expose fake news lies and deliver truth.

Amount to donate in USD$:

5 100

Validating payment information...
Waiting for PayPal...
Validating payment information...
Waiting for PayPal...
Advertisement

Advertisement

Quick Donate

The Duran
EURO
DONATE
Donate a quick 10 spot!
Advertisement
Advertisement

Advertisement

The Duran Newsletter

Videos

Trending