In The News Today

Posted at 7:27 PM (CST) by & filed under In The News.

Dear CIGAs,

What this article really said, if you have the eyes to see it, is that China has a system in place to offset the effect of being shut out of the SWIFT system, the economic nuclear weapon of the West. That proves that the premature threat and use of the SWIFT system against Iran will have rendered this economic weapon useless in the future. The mistake the West made prematurely using the economic weapon, the SWIFT system, will come back to haunt the West as extremely expensive. Had this not been used prematurely, it could have shut down major nation’s economic processes by electronically deleting the enemy from the SWIFT system. Therefore the taking and making of settlement on international transaction would have fallen back on only the gold a nation had. Everyone had gotten lazy so both enemies and friends were settling international transactions on SWIFT. History will see this as the mistake of the century. Now all opposed to each other have or are developing their own electronic payment system free of SWIFT.

Society for Worldwide Interbank Financial Telecommunication
From Wikipedia, the free encyclopedia

Society for Worldwide Interbank Financial Telecommunication

Type

Cooperative

Industry

Telecommunications

Founded

1973

Headquarters

Brussels, Belgium

Products

Financial Telecommunication

Employees

> 2000

Website

SWIFT.com

The Society for Worldwide Interbank Financial Telecommunication (SWIFT) provides a network that enables financial institutions worldwide to send and receive information about financial transactions in a secure, standardized and reliable environment. SWIFT also markets software and services to financial institutions, much of it for use on the SWIFTNet Network, and ISO 9362 bank identifier codes (BICs) are popularly known as "SWIFT codes".

The chairman of SWIFT is Yawar Shah, and the CEO is Gottfried Leibbrandt, who is from the Netherlands.

The majority of international interbank messages use the SWIFT network. As of September 2010, SWIFT linked more than 9,000 financial institutions in 209 countries and territories, who were exchanging an average of over 15 million messages per day (compared to an average of 2.4 million daily messages in 1995).[1] SWIFT transports financial messages in a highly secure way but does not hold accounts for its members and does not perform any form of clearing or settlement.

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Dollar no longer primary oil currency – China begins to sell oil using Yuan
Kenneth Schortgen Jr.
Wed, 12 Sep 2012 22:00 CDT

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© TIME/Facts Global Energy

On Sept. 11, Pastor Lindsey Williams, former minister to the global oil companies during the building of the Alaskan pipeline, announced the most significant event to affect the U.S. dollar since its inception as a currency. For the first time since the 1970’s, when Henry Kissenger forged a trade agreement with the Royal house of Saud to sell oil using only U.S. dollars, China announced its intention to bypass the dollar for global oil customers and began selling the commodity using their own currency.

Comment: Lindsey Williams: "The most significant day in the history of the American dollar, since its inception, happened on Thursday, Sept. 6. On that day, something took place that is going to affect your life, your family, your dinner table more than you can possibly imagine."

"On Thursday, Sept. 6… just a few days ago, China made the official announcement. China said on that day, our banking system is ready, all of our communication systems are ready, all of the transfer systems are ready, and as of that day, Thursday, Sept. 6, any nation in the world that wishes from this point on, to buy, sell, or trade crude oil, can do using the Chinese currency, not the American dollar. – Interview with Natty Bumpo on the Just Measures Radio network, Sept. 11

This announcement by China is one of the most significant sea changes in the global economic and monetary systems, but was barely reported on due to its announcement taking place during the Democratic convention last week. The ramifications of this new action are vast, and could very well be the catalyst that brings down the dollar as the global reserve currency, and change the entire landscape of how the world purchases energy.

Ironically, since Sept. 6, the U.S. dollar has fallen from 81.467 on the index to today’s price of 79.73. While analysts will focus on actions taking place in the Eurozone, and expected easing signals from the Federal Reserve on Thursday regarding the fall of the dollar, it is not coincidence that the dollar began to lose strength on the very day of China’s announcement.

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Jim Sinclair’s Commentary

The beginning of the Third World War where the battlefield is everywhere with no specific where. Or was that 9/11?

State Department: Stop asking us about the Benghazi attack
Posted By Josh Rogin clip_image002Friday, September 14, 2012 – 9:26 PM

The State Department told reporters Friday afternoon that it won’t answer any more questions about the Sept. 11 attack on the consulate in Benghazi that killed four Americans until the investigation into the incident is complete.

"I’m going to frustrate all of you, infinitely, by telling you that now that we have an open FBI investigation on the death of these four Americans, we are not going to be in a position to talk at all about what the U.S. government may or may not be learning about how any of this this happened — not who they were, not how it happened, not what happened to Ambassador Stevens, not any of it — until the Justice Department is ready to talk about the investigation that’s its got," State Department spokeswoman Victorian Nuland told reporters late Friday afternoon.

"So I’m going to send to the FBI for those kinds of questions and they’re probably not going to talk to you about it," she said.

All aspects of the attack, including what led up to it, its causes, the identity of the perpetrators, and the circumstances surrounding the death of Amb. Chris Stevens and the other three Americans,are off limits for reporters.

The new policy leaves many questions about the Benghazi attack unanswered, potentially for a long time, such as the identity of the attackers, whether they were connected to protests earlier in the day in Cairo, what were the exact circumstances and cause of Stevens’s death, whether the administration had indications of the threat beforehand, and whether the consulate’s security was adequate or not.

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Jim Sinclair’s Commentary

You think Prince Harry’s grandmother is angry with him for his dalliances?

Deadly attack on base in Afghanistan destroys five aircraft, damages 3
Published September 15, 2012

Two Marines were killed and several more injured when Afghan militants armed with rocket propelled grenades and small arms breached the perimeter of the main U.S. Marine base in southern Afghanistan, following a rocket and mortar attack on the base that is shared with British forces.

Five aircraft were destroyed and three more damaged during an attack on Camp Bastion/Camp Leatherneck that also killed 16 Taliban, Friday, an International Security Assistance Force’s Joint Command spokesman told Fox News.

The base took indirect and small arms fire, causing major damage to buildings, an aircraft hangar.

The attack occurred on the same base where a burning man, largely assumed to be an Afghan suicide bomber targeted the plane of Defense Secretary Leon Panetta in March.

The base is a major military facility in the war-ravaged nation’s Helmand province.

Britain’s Prince Harry is stationed at the base with his Apache helicopter unit. Prince Harry, known to his unit as Captain Wales, recently arrived at Camp Bastion, according to information released last week by Buckingham Palace.

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Jim Sinclair’s Commentary

More on the Armada in the Strait of Hormuz.

Iran Watching as U.S. Military Launches Exercise in Strait of Hormuz
By: Daniel Sagalyn
September 16, 2012 at 9:30 AM EDT

KUWAIT CITY, Kuwait | The United States, along with more than 27 other countries from four different continents, began Sunday the largest ever military exercise aimed at practicing how to find and destroy sea mines in the waters of the Middle East.

“This is about exercising capabilities that we want to exercise with our partners in the region,” said Pentagon spokesman George Littler this week.” Earlier this summer Little stressed that this training was not aimed at delivering a message to Iran.

However, with tensions heating up with Iran, and Israel threatening to bomb Iran’s nuclear facilities, a number of observers say the maneuvers at sea are aimed at Iran, and could be a dress rehearsal for war with the Islamic Republic.

U.S. Defense Department officials reject that characterization.

“I think it’s a signal to Iran,” countered Scott Truver, an expert on navy operations and mine warfare. “Despite the fact that the Department of Defense indicated that it’s not directed at Iran … it is sending a good signal to potential adversaries that we can deal with any threat that’s thrown at us, particularly if it’s the mine threat.”

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Jim Sinclair’s Commentary

Now these stop gaps are in over a trillion. Gold will go to and through $3500.

House approves stopgap $1.047 trillion spending bill
Published September 13, 2012

WASHINGTON –  Republican vice presidential candidate Paul Ryan on Thursday went along with a stopgap spending bill in the House that avoids a government shutdown but carries a price tag $19 billion higher than the budget he wrote in his role as a congressman.

Ryan, the top budget writer in the House, voted for a temporary spending bill that lets Congress keep government open for another six months. That allows lawmakers and President Barack Obama to put off dicey budget talks until after the Nov. 6 election.

Politics, though, were not far from Ryan’s first return to Congress since joining Mitt Romney’s presidential bid. He met informally behind closed doors with Republican lawmakers in what aides described as a meet-and-greet event.

The House chamber later erupted in a loud cheer — mostly from the Republican side — when Ryan entered the hall. Ryan held court in the rear of the chamber as back-slapping colleagues surrounded him. Among those congratulating him was the top Democrat on the House Budget Committee, Rep. Chris Van Hollen of Maryland, with whom Ryan has an adversarial but friendly relationship.

Ryan did not deliver remarks on the House floor ahead of the vote approving spending far greater than his budget outline.

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