HUGO CHAVEZ SAYS TO ENGLAND: “HAND BACK MY GOLD”
August 18, 2011 By 318 Comments
By Andrew McKillop
21st Century Wire
August 18, 2011
Today, Venezuelan President Hugo Chavez has ordered his nation’s central bank to repatriate $11 billion of gold reserves held in developed nations’ institutions such as the Bank of England, as prices power through one record high after another, smashing through $1800 per ounce today.
This puts the shoe on the other foot for Britain, who is normally used to asking for their money back. A long-running saga of the 1980s and 1990s was the strident demand by England’s Margaret Thatcher for the European Commission to hand back what she considered was Britain’s over-large contribution to European Union spending on themes that Mrs Thatcher did not like – for example trying to cut youth unemployment and stop industries delocalizing out of Europe. As she said: this was a wanton infringement of free playing go-go markets, with a dedicated urge to impoverish Europe, marginalize million of persons, de-industrialize the economy and destroy social solidarity.
Her present day acolyte and admirer, PM David Cameron recently had a taste of what happens when too much Thatcher-type free market discipline comes home to roost.
Exactly like in the good old Soviet Union, you need one policeman every 200 metres along all main thoroughfares to suppress mob rage – and paying cops costs money. Hence, government spending rises.
Mrs Thatcher’s favourite finance minister Nigel Lawson was not in favour of it, but the late 1990s New Labour chancellor Gordon ‘Goldfinger’ Brown played the IMF game of breaking the back of gold bullion dealers attempts at driving gold prices to wantonly dangerously highs – say $ 350 per Troy ounce – in those dangerous days at the start of the millennium.
Gordon Brown sold around one-half of the Bank of England’s entire stock of gold in the 1999-2002 period at prices as low as $ 240 per Troy ounce. What a clever boy.
Venezuela is estimated to hold more than 210 tons of its 365 tons of gold reserves in European, Swiss, US and other banks, but will now progressively repatriate its bullion, Chavez announced on Wednesday August 16.
Outside the central banks, like the UK Bank of England, Venezuelan gold is held by several of the highly discreet, even secretive authorized bullion banks – JPMorgan Chase, Barclays Plc, Standard Chartered Plc and HSBC plc. When the Venezuelan gold is handed back, they will likely have to move fast to replace it – through buying on the open market.
FREE MARKET LIBERALS CAN ONLY GO SO FAR
Chavez has a well-rehearsed rent-a-crowd revolutionary image, but when it concerns stashing his country’s gold, Chavez clung to the decisions of his predecessors steeped in admiration of Mrs Thatcher’s free market ranting and blethering. Nearly one-half of all Venezuelan gold “parked” in the capitalist world’s central banks was held in Thatcher’s England, from very early on. As Chavez said, August 16: “We’ve held 99 tons of gold at the Bank of England since 1980. I agree with bringing that home. It’s a healthy decision.”
The Venezuelan decision was simultaneously announced by central bank president Nelson Merentes, noting that for the world’s 15th-largest holder of gold reserves, repatriating the yellow metal is not unassociated with its 28 percent price leap, to date, in 2011. His colleague, Venezuelan finance minister Jorge Giordani hinted the real reasons for why Chavez is pulling his gold back home at this moment. He referred to the weakening U.S. dollar, the near-default by the U.S. government on its sovereign debt, and the pan-European sovereign debt crisis which all signal danger for Venezuela’s savings in the shape of yellow metal. This could opportunistically disappear or get sucked into IMF “virtual gold” operations, swapping real gold against SDRs but pretending the liquidated gold is still there, safe and comfy in a vault somewhere, and not replaced by titanium alloy bars with a thin covering of real gold.
Chavez could or may also have taken stock of what is happening to oil – which supplies around 95 percent of Venezuela’s national revenues, exactly like Saudi Arabia. In a nosedive of the global economy, oil prices will seriously tank but gold prices could go on growing. Simply to buy food, it will be handy to have those 210 tons of yellow metal on site and in place.
REVENGE IS NIGH
Chavez may only be an expense account revolutionary, but his gold repatriation decision will have quick and strong anti-Chavez results. Apart from the UK gold stash, Venezuela parked even more tons in Switzerland, and a large amount in the USA, too. The key term to describe the revenge action against Chavez is “attachment risk”, in arbitration case rulings able to freeze Venezuela’s international assets, very surely cut its credit rating, and raise interest rates on Venezuelan debt.
Even prior to the Chavez decision, Venezuelan bond pricing already incorporated a sizeable premium on its lack of transparency (at rates as high as 14 percent) but his gold repatriation decision is a geopolitical signal for Venezuelan bond prices to fall further and interest rates to go on rising.
More succinctly, the arrival of gold at Caracas airport could be simply an attempt by Chavez to spend his way back into another presidential mandate, using the gold for politically motivated spending ahead of next year’s presidential elections, and pre-emptive effort by US oil corporations to punish Chavez for booting them out of the huge potential, Orinoco oil sands. While Venezuelan paper dollar assets can easily be frozen, this does not apply to metallic gold.
After Venezuela, the logical question is: what country is next?
Apart from other oil exporters who are well worth analyzing relative to their gold holdings, we will surely find that Europe and the USA have the biggest potential gold scandals lurking under the “keep the party going” rhetoric.
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COALITION AIR STRIKES: NOW THE BODY BAGS BEGIN PILING UP IN LIBYA
April 1, 2011 By 293 Comments
By Patrick Henningsen
21st Century Wire
April 1, 2011
It was only a matter of time before gungho western audiences and pundits would have to face the harsh reality that overwhelming military power produces: 1,400 air sorties and 700 Tomahawk cruise missiles later, the civilian body bags are beginning to mount up. And the political ramifications for the acting war parties in Washington, Britain and Paris are inescapable.
According to yesterday’s report from Reuters, at least 40 civilians were killed in air strikes by Western forces on Tripoli, a top Vatican official in the Libyan capital told a Catholic news agency on Thursday, quoting witnesses. “The so-called humanitarian raids have killed dozens of civilian victims in some neighborhoods of Tripoli,” said Giovanni Innocenzo Martinelli, the Apostolic Vicar of Tripoli. Martinelli goes on to add, “I have collected several witness accounts from reliable people. In particular, in the Buslim neighborhood, due to the bombardments, a civilian building collapsed, causing the death of 40 people”.
NATO has said it will investigate reports that up to 40 civilians were killed in the Coalition bombing strike near Tripoli, a Press TV correspondent reported. In addition, medical sources said at least seven more civilians were slain in Wednesday’s raid on the village of Zawia el Argobe, 15 km (9 miles) from Brega. The airstrike also wounded more than 25 civilians and destroyed several nearby homes.
The Libyan government on Thursday night claimed close to 100 civilians had died in air strikes since Allied hostilities began last weekend.
The final bill in human lives cannot really be tallied until a much later date. There is little doubt though, that given the current frequency of Allied bombs and missiles and what we have learned from the West’s fabled “surgical strike” operations in Iraq and Afghanistan, that the final number of confirmed civilian body bags will certainly exceed 1,000 within a week or two.
COALITION USING DEPLETED URANIUM
Only a few days into the US-led attacks on Libya, there have already been reports of forty-five 2,000 pound bombs containing depleted uranium (DU) being dropped down on Libya by the U.S. B-2s during the first 24 hours of the attack, say Stop the War Coalition.
Additionally, American journalist Dave Lindorff reports, ”The British-built Harrier jets used by British naval air forces and also by U.S. Marine pilots, are often equipped with pod-mounted cannons that fire 20 mm shells–shells that often have uranium projectiles designed to penetrate heavy armor”.
The use of DU has been a major feature in US-led Coalition and Israeli war efforts since 2001, even though it has been banned through an international treaty signed by all UN security council member states at the Geneva Convention. The damage it does is well documented, long-lasting and horrific to say the least. Deaths could be calculated over many years, as radioactive dust continues to blow throughout the region. Its use is classed as a war crime under international law, so when will the US, Britain and Israel be called to explain these actions in the dock?
WESTERN POLITICAL DILEMMA
Here is where we come to the fundamental moral and legal dilemma for the Western aggressors in Libya. When the number of civilian deaths by Allied strikes exceeds the number of alleged civilian deaths by Libyan Leader Moumar Gaddafi, the political pressure cooker will begin to boil- some say it already has. Interestingly enough, all of the sensational reports of Gaddafi “gunning down his own people”, a rallying cry used by everyone from Barrack Obama to the BBC, have yet to be corroborated by any independent human rights or aid agency, leaving media audiences with mostly hearsay and rumour generated from White House and Whitehall press briefings a few weeks ago. The truth is, we will never know.
This also includes past allegations that the Libyan military had launched an air strike on demonstrators in the capital Tripoli, Al Arabiya quoted by witnesses in late February. Surprisingly, or not, we are left with the fact that an entire multi-billion dollar Coalition military operation has been based on these same, non-specific reports- about what Gaddafi has allegedly done, or is about to do.
According to the UN Resolution which effectively gave the green light to bomb Libya, “The Council specified that the flight ban would not apply to flights that had as their sole purpose humanitarian aid, the evacuation of foreign nationals, enforcing the ban or other purposes “deemed necessary for the benefit of the Libyan people”. What has actually transpired is, of course, miles away from the cloudy humanitarian intent which its writers have woven into the language of this UN document.
Legally speaking, aside from any civilians that Gaddafi is alleged to have “gunned down”, any armed rebels who met their demise during the initial days of the uprising, according to the newly revised American and British rule books, would be classed as “enemy combatants” and “domestic terrorists”- and not as civilians.
Innocent Libyans pay the ultimate price in this Coalition-fuelled civil war.
Using the same moral imperative, thus far, both the American and the British governments have been able to avoid the same UN disciplinary measures they have imposed on Libya, even though they have been found guilty of multiple documented incidences since 2001. The list is long: falsifying intelligence claims to the UN, false imprisonment of innocent civilians, the use of illegal DU munitions, mass torture and that little problem of over 1 million dead Iraqis since 2003.
It is obvious now that state participants in the recent UN Resolution 1973 were unable (or unwilling) make the intellectual or legal leap needed in order to differentiate who were, and how many of these so-called civilian victims there actually were during the initial domestic uprising in late February and early March 2011.
Following the complete and abject failure on the part of Washington and London to convince the public that Saddam Hussein had massive caches of WMDs in 2003, spin doctors and speech writers have upgraded their public relations and public opinion-forming approach to fit their new, lighter framework for the out-dated “pre-emptive strike”. Enter the humanitarian strike, based on any number of unsubstantiated reports and guesswork, a new political term that is ultimately more profound than its predecessor because the term effectively disarms endless columns of liberal gatekeepers and mainstream pundits who previously targeted the Bush-led wars.
But do not be fooled. These contrived PR terms are designed to cover the same long-range foreign policy goal which we have already witnessed in Iraq and Afghanistan… regime change. Once this is achieved, the major players can begin carving up the natural resource and financial assets of this once sovereign nation.
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Patrick Henningsen is a writer, pr/communications consultant and Managing Editor at 21st Century Wire.
Contact: pj.henningsen@gmail.com




In Your Face: CNN Segment on Libya Entitled “New World Order”
March 31, 2011 By 15 Comments
Kurt Nimmo
Infowars.com
March 30, 2011
The clip features the usual NWO suspects, including Richard Haass, president of the Council on Foreign Relations since July 2003; former U.S. rep Jane Harman, soon to be the boss of the globalist training center, the Woodrow Wilson International Center for Scholars; the neocon Robert Kagan, who is a senior fellow at the Brookings Institution and a PNAC co-founder, and the neocon and former CIA director under Clinton, James Woolsey, who is a self-described “Joe Lieberman Democrat” (meaning he advocates bombing small and defenseless Muslim countries) who is also a PNAC supporter and former member of the CIA-infested “Freedom House” (an Orwellian term – it should be called the “Color Revolution House”).
Usual NWO suspects argue about six and one half dozen of the other aka “regime change”.



Nobel Committee Asked To Strip Obama Of Peace Prize
March 31, 2011 By 232 Comments
Editor’s Note: Barrack Obama was given his Nobel Peace Prize only 2 months after being in office, a bizarre move if there ever was one and one that finally discredited the Nobel Prize Committee. ”Obama has now fired more cruise missiles than all other Nobel Peace prize winners combined”, this message has been widely retweeted all over Twitter today. He’s now joined the ranks of Henry Kissinger and other notable mass bombers, an elite club for the ages. Congratulations Barrack.
Digital Journal
March 31, 2011




The Bolivian President and a Russian political leader have launched a campaign to revoke Obama’s honour after the US attacked Libya. Liberal Democratic Party of Russia leader and Vice-Chairman of the State Duma Vladimir Zhirinovsky released a statement today calling for the Nobel Prize Committee to take back the honour bestowed on US President Barack Obama in 2009.
Zhirinovsky said the attacks were “another outrageous act of aggression by NATO forces and, in particular, the United States,” and that the attacks demonstrated a “colonial policy” with “one goal: to establish control over Libyan oil and the Libyan regime.” He said the prize was now hypocritical as a result.
READ ARTICLE HERELIBERALS WILLING TO TRADE BLOOD AND TREASURE FOR OIL AND MILITARY PROFITS
March 29, 2011 By 348 Comments
activist post
March 29, 2011
It’s perplexing to see a high level of support for the unprovoked bombing of Libya on so-called “progressive” websites. There has been an endless stream of humanitarian propaganda flowing from these sites trying to convince average liberals that the “human thing to do” is to rain down tomahawk missiles with depleted uraniumto bring freedom and democracy to an oppressed people. Huffington Post ran a piece by Ed Schultz titled Why I Support President Obama’s Decision to Invade Libya where he described his reasoning as follows:




It’s perplexing to see a high level of support for the unprovoked bombing of Libya on so-called “progressive” websites. There has been an endless stream of humanitarian propaganda flowing from these sites trying to convince average liberals that the “human thing to do” is to rain down tomahawk missiles with depleted uraniumto bring freedom and democracy to an oppressed people. Huffington Post ran a piece by Ed Schultz titled Why I Support President Obama’s Decision to Invade Libya where he described his reasoning as follows:
“President Obama explained this won’t be a long-term operation… Matter of days, not a matter of weeks. Not even months… He’s (Obama) trying to give the rebels, those who want democracy, a fighting chance at just that and trying to stop Gaddafi –this is the human thing to do — from slaughtering his own people.”By the very use of the word “invade” in the title, Schultz would seem to understand that the continued military support is likely to last for quite some time. Indeed, this was confirmed on Sunday morning when Defense Secretary Gates and Secretary of State Hillary Clinton hinted that the operation could indeed last for months, which seems to debunk Schultz’s main argument that it’s only a days-long conflict. This justification is reminiscent of Wolfowitz and Rumsfeld falsely stating that the Iraq war would be quick and easy — only cost a couple of a billion dollars that would be paid for by Iraqi oil. Establishment progressives can no longer hide behind phony labels. They have officially joined the ranks of the War Party serving up American blood and treasure to support profits for the military-industrial complex and Big Oil, while compromising on austerity cuts at home. Related: central bank of libya is 100% state owned









