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This news just out – MAJOR! Russian President Vladimir Putin said on Wednesday that banks from BRICS nations can freely connect to the System for Transfer of Financial Messages (SPFS), Russia’s alternative to SWIFT. While addressing a BRICS business forum, Putin said that together with its BRICS partners – Brazil, India, China and South Africa – Russia is developing reliable alternatives for international payments. “The Russian system for transmitting financial
.For the Saker Blog by Saker Staff Best again today, is Military Summary and worth listening to and watching. He is ‘predicting’ a ‘riot’ in among the Ukie troops in the cauldron. There is an update on Snake Island (Serpent Island). What does become clear is that the map is going to turn very red in large areas very soon. Yes there is a cauldron with estimated 1,500 to 2,000
2022/06/22 07:00:01Welcome to the ‘Moveable Feast Cafe’. The ‘Moveable Feast’ is an open thread where readers can post wide ranging observations, articles, rants, off topic and have animate discussions of the issues of the day. The ‘Moveable Feast Cafe’ will have two new open threads each week. The Saker stated moderation policy will apply eg ‘no caps’, no obscenity … etc to all post. The Cafe is now open for
By Michael Hudson and posted with the author’s permission Preface: The Federal Reserve Board’s ostensible policy aim is to manage the money supply and bank credit in a way that maintains price stability. That usually means fighting inflation, which is blamed entirely on “too much employment,” euphemized as “too much money.”[1] In Congress’s more progressive days, the Fed was charged with a second objective: to promote full employment. The problem
By Jimmie Moglia for the Saker Blog An Eastern monarch, of whom we know the existence but not the name, kept an officer in his house whose employment it was to remind him of his mortality, by calling out every morning at a stated hour, “Remember prince that thou shalt die.” Indeed, the contemplation of the frailness of our present state appeared of so much importance to the famous legislator
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by Ramin Mazaheri for the Saker blog The 51-day general strike of 2019-20 – the longest labor movement in French history – was the best of times and the worst of times, to use a Dickensian reference regarding progressive France. It was admirable that train workers thought they alone should or could bear the weight of stopping Emmanuel Macron’s self-professed neoliberal Revolution – it was pathetic that a general strike
By Batiushka for the Saker Blog Western Europe and North America are now in dire economic straits. Four EU leaders, from Germany, France, Italy and Romania, have just been to Kiev to plead with Zelensky to start negotiating again and make territorial concessions. The Western media did not much report on the fourth Romanian/German leader, Klaus Iohannis, and showed few photograph of him; possibly because the racists who work in
After lying for months, the media are preparing the public for Ukraine’s military collapse. Douglas MacGregor at The American Conservative Diogenes, one of the ancient world’s illustrious philosophers, believed that lies were the currency of politics, and those lies were the ones he sought to expose and debase. To make his point, Diogenes occasionally carried a lit lantern through the streets of Athens in the daylight. If asked why, Diogenes
In St. Petersburg, the world’s new powers gather to upend the US-concocted “rules-based order” and reconnect the globe their way By Pepe Escobar, posted with the author’s permission and cross-posted with The Cradle The St. Petersburg International Economic Forum has been configured for years now as absolutely essential to understand the evolving dynamics and the trials and tribulations of Eurasia integration. St. Petersburg in 2022 is even more crucial as
By Saker Staff for the Saker Blog This is about the most significant of the last two quiet days. But the silence is over. Some may remember that Military Summary said about two days ago, that there is little to report as there is very little movement on the front. Wait for it, I think we now know why. Let’s take some extracts, somewhat cleaned up, from the Russian MoD
by Denis A. Conroy for the Saker Blog Awoke this morning and thought it was time to review my political convictions as it had become apparent that the war in Ukraine was beholden to the usual ‘us-and-them’ arrangements that stood in for enlightened insight… Another day wherein the propaganda-controlled media confronted me with the power of its’ nuclear-ballistic narrative (based on fire power), to assure me that our ace-in-the hole
Michael Hudson, Shepheard Walwyn recording May 23, 2022 Part one: https://www.youtube.com/watch?v=XDo7HykYN9k Part two here: https://www.youtube.com/watch?v=I-xWgLertkg Jonathan Brown Michael, welcome to the podcast. Michael Hudson It’s good to be here. I’m looking forward to it. Jonathan Brown Michael, I think you have one the most extraordinary upbringings and journeys into economics. And I just wanted to give our listeners just some sense of how you got from being the godson of Leon Trotsky
2022/06/18 19:30:01Welcome to the ‘Moveable Feast Cafe’. The ‘Moveable Feast’ is an open thread where readers can post wide ranging observations, articles, rants, off topic and have animate discussions of the issues of the day. The ‘Moveable Feast Cafe’ will have two new open threads each week. The Saker stated moderation policy will apply eg ‘no caps’, no obscenity … etc to all post. The Cafe is now open for
Update: This transcript is now complete. Ed Note: This transcript is not complete and we will issue an update when it is completed. We post it now because of the renewed DDoS attacks on Russian infrastructure. In addition, Mr Lavrov had two more quite serious interviews. They are available here: Foreign Minister Sergey Lavrov’s interview with the NTV network, St Petersburg, June 16, 2022 Foreign Minister Sergey Lavrov’s interview with
Ed Note: This transcript is not fully complete but we post it because of the renewed DDoS attacks on Russian infrastructure. When it is complete, we will do an update. (Mr Putin was on top form with an excellent, even exhaustive and detailed economic tour de force for Russia, and then of course for the sane world, or our Zone B). Pepe Escobar created a very high-level summary: THE
By Gaius Baltar for the Saker Blog Some knowledgeable people, apparently including the Pope, are beginning to suspect that there may be more going on in the world than just the war in the Ukraine. They say that World War 3 has already started and things will get worse from now on. This can be difficult to determine while we are participating in the unfolding events and do not have
by Jorge Vilches for the Saker Blog The title is correct, no mistakes. And, of course, there will be “no fuels for Europe” none at all… but only if you care to believe the EU leadership when insisting that by December 2022 no seaborne Russian crude oil will evermore be imported. Thusly — if that were the case as the EU approved policy requires — then of course true enough
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