2--Middle East: Dark Plots Afoot?, CP
3--China hits back at G7 over South China Sea, wsws
The Chinese regime is deeply concerned over American military dominance in the region and key “choke points” such as the Malacca Strait, identified by US naval strategists as the locations for an economic blockade of China in the event of war. The Pentagon has made no secret that its war plans include stopping “freedom of navigation” for Chinese shipping.
The Obama administration has inflamed tensions in the South China Sea over the past five years as a means of driving a wedge between China and its South East Asian nations. Its actions are part of the broader “pivot to Asia” aimed at diplomatically isolating Beijing, undermining its economic influence and preparing militarily for war as part of an overall strategy designed to ensure continued US dominance in the Asia Pacific
4--Will Russia Start Reselling Iranian Oil?
Zanganeh added, “We agreed with Alexander Novak in Vienna [during talks on June 3] that Russia will buy less than 500,000 [barrels per day of oil] from Iran in exchange for cash, and Iran will use this cash to buy Russian goods such as steel, wheat and oil products from Russia.”...
Last August’ deal could be essential for Iran, whose crude exports have plunged by more than half – from 2.5 million barrels per day to about 1 million barrels per day – since 2011, when the international community tightened sanctions. Any company trading with Iran is forbidden under the sanctions from doing business with the U.S. and Europe.
Iran recently has expressed hope and even confidence that the sanctions imposed on it may be lifted soon. In April it reached a tentative agreement with the five permanent members of the U.N. Security Council – Britain, China, France, Russia and the United States – plus Germany, known as the P5+1, to drop the sanctions in exchange for Iran’s agreement to open its nuclear sites to international inspections.
5--PCR to china Russia "Strike first"
Washington’s demonization of Saddam Hussein, Gaddafi, and Assad were preludes to military attacks on Iraq, Libya, and Syria. In view of these precedents, it is reasonable to regard Washington’s demonization of Vladimir Putin as a prelude to military action.
Russia is not Iraq, Libya, or Syria. Russian war doctrine states that Russia can use nuclear weapons in response to a nuclear or conventional attack on Russia. For the world to sit silent while Washington’s arrogance provokes armageddon telegraphs total political failure. Where are the voices in behalf of humanity?....
Today the Russian government no longer has any illusion that Europe is capable of an independent foreign policy. Russian President Vladimir Putin has stated publicly that Russia has learned that diplomacy with Europe is pointless, because European politicians represent Washington’s interest, not Europe’s. Foreign Minister Sergei Lavrov recently acknowledged that Europe’s Captive Nation status has made it clear to Russia that Russian goodwill gestures are unable to produce diplomatic results.
With Moscow’s delusion shattered that diplomacy with the West can produce peaceful solutions, reality has set in, reinforced by the demonization of Vladimir Putin by Washington and its vassal states. Hillary Clinton called Putin the new Hitler..
now Russia has been forced by reality to update its military doctrine. The new doctrine approved on December 26 states that the US and NATO comprise a major military threat to the existence of Russia as a sovereign independent country.
The Russian document cites Washington’s war doctrine of pre-emptive nuclear attack, deployment of anti-ballistic missiles, buildup of NATO forces, and intent to deploy weapons in space as clear indications that Washington is preparing to attack Russia.
Washington is also conducting economic and political warfare against Russia, attempting to destabilize the economy with economic sanctions and attacks on the ruble. ...
Larchmonter reports that in order to defeat Washington’s plans to marginalize both countries, the Russian and Chinese governments have decided to unify their economies into one and to conjoin their military commands. Henceforth, Russia and China move together on the economic and military fronts.
The unity of the Bear and the Dragon reduces the crazed neoconservatives’ dream of “an American century” to dangerous nonsense. As Larchmonter puts it, “The US and NATO would need Michael the Archangel to defeat China-Russia, and from all signs Michael the Archangel is aligned with the Bear and its Orthodox culture. There is no weapon, no strategy, no tactic conceivable in the near future to damage either of these rising economies now that they are ‘base pairs.’”...
As the US and EU are conducting economic warfare against Russia, Russia could claim that by wrecking the Russian economy the West has deprived Russia of the ability to repay loans to the European banks. If this does not bring down the thinly capitalized EU banks, Russia can announce that as NATO countries are now officially recognized by Russian war doctrine as an enemy of the Russian state, Russia can no longer support NATO’s aggression against Russia by selling natural gas to NATO members. If the shutdown of much of European industry, rapidly rising rates of unemployment, and bank failures do not result in the dissolution of NATO and thus the end of the threat, the Chinese can act.
The Chinese hold a very large amount of dollar-denominated financial assets. Just as the Federal Reserve’s agents, the bullion banks, dump massive shorts onto the bullion futures markets during periods of little activity in order to drive down the bullion price, China can dump the equivalent in US Treasuries of years of Quantitative Easing in a few minutes. If the Federal Reserve quickly creates dollars with which to purchase the enormous quantity of Treasuries so that the financial house of cards does not implode, the Chinese can then dump the dollars that they are paid for the bonds in the currency market. Whereas the Federal Reserve can print dollars with which to purchase the Treasuries, the Fed cannot print foreign currencies with which to buy the dollars.
The dollar would collapse, and with it the power of the Hegemon. The war would be over without a shot or missile fired.
6---IAEA report verifies Iran transparency: IAEA envoy
“Iran has cooperated completely and indeed made the possibility for the IAEA to verify all aspects of Iran’s peaceful nuclear program and … the technical details of the report show full transparency on behalf of Iran,” said Reza Najafi in an exclusive interview with Press TV on Friday.
The report also shows that the agency has had “full monitoring” over Iran’s peaceful nuclear activities, Najafi added.
“The major part [of the report] is related to the implementation of the safeguard agreements which indicates that IAEA has full monitoring over all places and activities with details of the locations, the number of centrifuges, the amount of materials whether enriched or not enriched,” he stated.
7---US encircling Russia with bioweapons labs, covertly spreads them – Russian FM
“American and Georgian authorities are trying to cover up the real nature of this US military unit, which studies highly dangerous infectious diseases. The Pentagon is trying to establish similar covert medico-biological facilities in other countries [in Russia's neighborhood],” the Russian ministry said.
Moscow says the US is de facto derailing international efforts under the Biological and Toxin Weapons Convention (BTWC), a 1972 international treaty aimed at eradicating bioweapons worldwide.
“The US administration is obviously not interested in strengthening this convention. It's known that in 2001 the US unilaterally torpedoed multilateral talks in Geneva to work on a verification mechanism for the BWTC and have since obstructed their restart. Decades of international effort to strengthen the convention were derailed,” the statement said.
8--Oil Markets Could Be In For A Shock From China Soon
9--Bond crash across the world as deflation trade goes horribly wrong
Markets ignored clear warnings in Europe and America that the money supply is catching fire, signalling a surge of inflation later this year
10--Growth, what growth? Thatcherism fails to produce the goods
11--Ukraine Is In Crisis. Here’s Why the West Can’t Save It.
12--The biggest risk to US growth: further dollar rally
The biggest risk to US economic growth remains the possibility of an extended US dollar rally. The Fed rate hike expectations have been pushed out to December and many doubt that the Fed will hike right before the year end. That's because the hike will involve three rates: FF, IOER, and RRP and could be disruptive to money markets over the turn (year-end). That means if we don't get a hike in September, we may not see liftoff until 2016
13--US asks Pope to lecture Putin on Ukrainehttp://rt.com/news/266434-pope-putin-vatican-meeting/