SWISS MAY SOON BACK FRANC WITH GOLD

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Switzerland yet again shows that it is the most sane nation-state on Earth

The Silver Bug: Switzerland is well known for its financial savviness. Their currency, the Swiss Franc, is still considered one of the strongest in the world.

Even if the reasoning for its strength is somewhat unfounded.

For decades Switzerland was one of the last bastions of the gold standard.

Have you ever wondered how billionaires continue to get RICHER, while the rest of the world is struggling?

“I study billionaires for a living. To be more specific, I study how these investors generate such huge and consistent profits in the stock markets — year-in and year-out.”

Their refusal to move away from a partial gold backed currency, granted them the luxury of a strengthened currency, which made it the envy of the world.

This was until May, 2000, when the legal requirement that 40% of all Swiss Francs be backed by gold was removed.

Unfortunately, the mass majority of Swiss citizens carried on, none the wiser, along with the mass majority of the world.

Like the US dollar, the Swiss Franc had the “illusion” of being as “good as gold”. Until recently.

The citizens of Switzerland have taken notice.

Unlike the citizens of America, the Swiss people are not content to sit by and allow the wealth of their country to be dis-hoarded any further.

Gold_Backed_Swiss_Franc

On November 30th, the people of Switzerland will stand up and make their voices heard.

The “Swiss Gold Initiative” will be held and the people of Switzerland will once again attempt to take control of their nation’s wealth.

T. Ferguson of the TFMetals report explains this upcoming event:

Interest is beginning to build, awareness is growing and the date of the national referendum has been set. Later this year, on November 30, the good people of Switzerland will finally get an opportunity to make their voices heard. The Swiss Gold Initiative can be roughly stated in three parts:

1. The halting of all Swiss gold sales

2. The repatriation of all Swiss gold that is held in foreign vaults

3. Resume backing the Swiss Franc with gold, at a minimum level of 20%

Of course, the politicians and bankers of Switzerland are squarely against this initiative as it greatly diminishes their hold on power and restricts their ability to continue to debase the Franc. Fortunately, as one of the world’s few remaining democracies, the Swiss people have an opportunity on November 30 to directly affect a change. For their sake and for the sake of their posterity, I pray that they choose wisely.

Have you ever wondered how billionaires continue to get RICHER, while the rest of the world is struggling?

“I study billionaires for a living. To be more specific, I study how these investors generate such huge and consistent profits in the stock markets — year-in and year-out.”

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Let us hope that they succeed.

If so, this will be a major victory for those of us who wish to see the price of gold truly set free.

Sadly for the Swiss people, the gold that they have leased out is unlikely to ever get returned.

As we know, it’s sitting in Chinese and Russia vaults, never to see the light of day again.

Futuristic Chinese ‘supersonic’ sub could reach US shores in under two hours

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Traveling from Shanghai to San Francisco in under two hours may sound like a fantasy, but China believes it’s figured out how to design an underwater vehicle that can make the idea a reality.

More worryingly, though, is the possibility that the technology will be used to develop even more dangerous weaponry.

According to the South China Morning Post (SCMP), the super-fast technology was developed by scientists at the Harbin Institute of Technology, and would allow underwater submarines or torpedoes to exceed the equivalent speed of sound under water – about 3,600 miles per hour.

The idea is based on the old Soviet concept of supercavitation, which involves creating a large air bubble around an object so that it could avoid facing too much friction and travel through water quickly.

Professor Li Fengchen said that when the vessel hits the water, one of its mechanisms continuously sprays a “special liquid membrane” all over the object’s surface. This membrane eventually wears off, but by the time the vessel reaches 46 miles per hour, it’s going fast enough to enter supercavitation state and generate an air bubble capable of helping it cover previously unknown distances.

“Our method is different from any other approach, such as vector propulsion,” Li told SCMP. “By combining liquid-membrane technology with supercavitation, we can significantly reduce the launch challenges and make cruising control easier.”

In theory, this means a trip across the Pacific Ocean would take only 100 minutes, while a transatlantic voyage could be undertaken in less than an hour.

Despite the claims of progress, Li added that there are still significant hurdles scientists have to overcome, such as creating precise steering controls and an engine strong enough to power the whole operation.

Many details surrounding the technology remain unknown, since the project is still categorized as a military secret. Supercavitation could still be used to create fast-moving torpedoes and other weapons, and the US, Russia, Germany, and Iran are all working on the same issue.

Still, Li said there could be ways to use the breakthrough to benefit more than just militaries. It could pave the way for fast underwater transportation, or help create swimsuits that allow for unprecedented mobility.

“If a swimsuit can create and hold many tiny bubbles in water,” he said, “it can significantly reduce the water drag; swimming in water could be as effortless as flying in the sky.”

CHINA TELLS USA: KEEP YOUR DISTANCE

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China demands U.S. stop close-in surveillance

BEIJING, Aug. 23 (Xinhua) — Chinese Defense Ministry here on Saturday urged the U.S. side to stop close-in surveillance of China, and create a sound atmosphere for bilateral military ties.

The ministry spokesman Yang Yujun said in a statement that one U.S. anti-submarine plane and one patrol aircraft flew to an airspace about 220 kilometers east of China’s Hainan Island to conduct close-in surveillance Tuesday morning, and then a Chinese fighter jet took off to make regular identification and verification.

Commenting on relevant criticism made by the U.S. side, Yang said that was “totally groundless,” as the Chinese pilot, with professional operation, kept the jet within a safe distance from the U.S. aircraft.

It was U.S. massive and frequent close-in surveillance of China that endanger the two sides’ air and marine security, and is the root of accidents, he said.

China urged the U.S. side to abide by international law and international practice, respect concerns of the coastal countries, and properly deal with the differences between the two sides on air and marine security issues, he said.

Yang said that the U.S. side should follow the principle of non-conflict, non-confrontation, mutual respect and win-win cooperation, take concrete actions, reduce and finally stop close-in surveillance of China, so as to create a sound atmosphere for bilateral military ties.

Turkey: ‘We’re ready to increase food exports to Russia’

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As Moscow banned food imports from the West, Turkey voiced its readiness to increase its exports of agricultural products to Russia, Turkish economy minister has said.

“Turkey is a major supplier of food and agricultural produce to Russia. It is ready to increase its food exports to Russia if necessary,” Turkish Economy Minister Nihat Zeybekci said in an interview with Itar-Tass.

The two countries have recently reached an agreement to increase the number of Turkish food suppliers to Russia. A delegation from Russia’s agricultural watchdog, Rosselkhoznadzor (the Federal Service for Veterinary and Phyto-Sanitary Control), visited Ankara for negotiations in the search for alternative food supply sources following the sanctions imposed on Russia by the EU, Russia’s top food supplier, the US, the EU, Australia and Canada.

To reciprocate, on August 6 Russia introduced a full ban for imports of beef and pork (fresh, chilled, refrigerated, pickled, dried or smoked meat), poultry and any poultry edible products, fish, cheese, milk, dairy products, vegetables, including root vegetables and tuber crops, and fruit from Australia, Canada, the EU, the US and Norway.

Moscow is now set to ensure country’s food supply security by finding new suppliers in countries that have not joined the sanctions against Russia. Some of the country’s closest neighbors, China and Turkey, have been among the first candidates for a lucrative offer to extend their share of the Russia market.

Reuters / Alessandro GarofaloReuters / Alessandro Garofalo

Turkish food suppliers would do their best to ensure sufficient good quality, inexpensive food products to Russia to replace European food supplies, the Turkish minister said.

Last year, Turkey’s agricultural export to Russia reached $1.18 billion, with fruits and vegetables making up nearly 75 percent ($877 million) of the total turnover. In 2014, Turkish agricultural exports to Russia have so far totaled $409 million.

Zeybekci said that Turkey exported $17 billion worth of agricultural products in 2013, of which fresh fruit and vegetables accounted for less than 14 percent ($2.3 billion). Russia bought 6.9 percent of Turkey’s global exports of agricultural products.

Reuters / Umit BektasReuters / Umit Bektas

The head of the Russian agricultural watchdog Rosselkhoznadzor, Sergey Dankvert, announced on Thursday that his agency has held talks with 16 countries as alternative supply sources for the Russian food market. Moscow has been talking to Argentina, Belarus, Brazil, Chile, China, Colombia, Ecuador, Kyrgyzstan, Mauritius, Mexico, Mozambique, Paraguay, Peru, Sri Lanka, Turkey and Uruguay to replace American, Australian, Canadian and European food suppliers.

The EU Council has already demanded that third countries not to take advantage of the new trade opportunities brought by the conflict between Russia and western states, and to resist seeking to replace European food on the Russian market, in what it is claiming is a move to promote international unity and compliance with international law.

The European Commission is now assessing the losses from Russia’s countersanctions in anticipation of a special meeting of 28 EU agriculture ministers to be held in September to discuss possible countermeasures.

Moscow has been warning Western countries for months that sanctions are counterproductive, and has said it will first and foremost strike back against countries imposing them.

According to Russian customs data, Western imports now affected by sanctions totaled $9.1 billion in 2013. The EU, with its $6.5 billion worth of now-sanctioned products, would suffer the most, with non-EU member Norway following, with $1.2 billion worth of mostly fish products. The other countries that joined the sanctions would lose less, as the US has a $843.8 million food trade turnover with Russia. Canada’s bilateral trade is $373.6 million and Australian agricultural exports to Russia were estimated at $182 million.

John Lewis Calls On Obama To Declare Martial Law In Ferguson, Mo. [VIDEO]

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Rachel Stoltzfoos
Reporter

Georgia Rep. John Lewis has called on President Obama to declare martial law in Ferguson, Mo.

The congressman made the public call Thursday afternoon as protesters continue to clash with police in Ferguson after a cop shot and killed unarmed black teen Michael Brown Saturday night. (RELATED: Is This America? Stunning Photos From Violent Protests In Ferguson, Mo.)

“People have a right to protest,” Lewis said on MSNBC. “They have a right to dissent. They have a right to march in an orderly, peaceful, non-violent fashion. And the press has a right to cover it. Ferguson, Mo. is not the Congo. It is not China. It is not Russia. We can do better.”

“President Obama should use the authority of his office to declare martial law,” he continued. “Federalize the Missouri National Guard to protect people as they protest.”

Read more: http://dailycaller.com/2014/08/14/john-lewis-calls-on-obama-to-declare-martial-law-in-ferguson-missouri/#ixzz3APEPb27D

Sanctions bite-back: Bickering, EU infighting over Russia retaliation

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There is growing dissent in the EU over policies that led to a de fact trade war with Russia. Meanwhile the countries not toeing the line are reaping the benefits, irritating those who jumped on the sanctions bandwagon.

China to start direct sales of fruit and vegetables to Russia

Poland asks US to buy apples banned by Russia

Greek members of the European Parliament demanded Sunday that the EU cancel sanctions against Russia. MEPs Kostantinos Papadakis and Sotiris Zarianopoulos said in a letter to some senior EU officials that Russia’s ban on food import from the EU, which was Moscow’s response to anti-Russian sanctions, was ruinous to Greek agriculture.

“Thousands of small- and middle-sized Greek farms producing fruit and vegetables and selling them primarily to the Russian market have been hit hard now as their unsold products are now rotting at warehouses,” the letter said.

The MEPs are representing the Communist Party of Greece and blame the EU leaders and their own government for supporting what they called “an imperialist intervention by the US, the EU and NATO” in Ukraine at the expense of good relations with Russia.

Greece is one of the EU members hit hardest by the Russian import ban, partially due to its economy still being in turmoil. Greek farmers stand to lose an estimated 200 million euro in direct damages due to Russia’s move, with more long-term consequences expected even if year-long ban is not renewed on expiry. The producers may find it very hard to win back the market share they had before the ban as non-affected countries would certainly weight in.

Head of Austrian Freedom Party (FPOe) Heinz-Christian Strache (Reuters/Heinz-Peter Bader)Head of Austrian Freedom Party (FPOe) Heinz-Christian Strache (Reuters/Heinz-Peter Bader)

Similar sentiments came Sunday from Heinz-Christian Strache, Chairman of the right-wing Freedom Party of Austria, which has 20 percent of seats in the lower chamber of the national parliament and showed similarly strong results in this year’s European parliamentary election.

“In just a few days after the [Russian] sanctions came into force they hurt out agriculture. The EU is thinking on how to mitigate it. Instead of putting Russia on its knees, they drag our farmers to ruin with their senseless sanctions policy,” Strache said ac sited by Austria Presse Agentur.

He also lashed out at Kiev for considering a ban on the transit of Russian gas into Europe to hurt Russia, calling such statements “an affront to their own allies” and “a mockery of the EU,” which will have to save Ukraine from bankruptcy.

He called on the Austrian government to clearly state their policy on the situation.

Who is hit hardest by Russia’s trade ban?

Gregor Gysi, a German parliament member from the Left Party, criticized on Sunday the government of Chancellor Angela Merkel for supporting the sanctions policy, which he called “childish.”

“[US President Barack] Obama talks about economic sanctions all the time, but the response hits us, not the US,” the politician said in an interview with ARD television.

“If we isolate Russia, we will have no influence,” he added. “We must learn to talk to each other again.”

Estonian President Toomas Hendrik Ilves (AFP Photo/Ragio Pajula)Estonian President Toomas Hendrik Ilves (AFP Photo/Ragio Pajula)

The irritation with the damage caused by the sanctions confrontation in Europe comes amid anger towards those who chose not to confront Russia and so were not hit back. Estonian President Toomas Hendrik Ilves lashed out at Switzerland for taking a neutral stance in the conflict, which allows its bankers and traders to profit in the Russian market.

“Switzerland must live with the criticism that it has only dispensed with its own sanctions to gain an advantage for its banking sector,” the Estonian leader said in an interview with Sonntags Zeitung newspaper published on Sunday.

Switzerland, not being an EU member, is not obliged to enforce all anti-Russian sanctions imposed by the union. It took measures last week to ensure that it does not serve as a route to bypass EU’s sanctions, but declined to impose its own.

Bern cited a need to remain neutral, especially since it is now chairing the Organization for Cooperation and Security in Europe, a key mediator in the Ukrainian crisis.

“The concept of neutrality is for me as empty today as ever before,” said Ilves.

The US and its allies have been imposing increasingly tough sanctions against Russia as punishment for its stance in the Ukrainian crisis. They accuse Russia of supporting the armed militia in eastern Ukraine, which is fighting against the Kiev-loyal troops. Moscow accuses the Western countries of hypocrisy, saying they are turning a blind eye to any crimes committed by the Ukrainian regime, which they helped to take over power in the first place.