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Everything posted by Butifldrm

  1. 2019/07/18 18:30 Number of readings 367 Section: Iraq Washington: We will impose sanctions on the leaders of Iraqi factions BAGHDAD (Reuters) - US Vice President Mike Bens announced on Thursday (July 18, 2019) that Washington would impose sanctions on Iraqi faction leaders and Iran-affiliated figures . According to his description "Washington will not stand idly by while the Iranian factions are spreading terrorism," Mike Bens said at the Religious Freedom Conference in Washington. "The United States will impose sanctions on the leaders of Iraqi factions belonging to Iran, as well as other window personalities." Follow the obeliskواشنطن-سنفرض-عقوبات-على-قادة-فصائل-عراقية
  2. 2019/07/18 21:12 Number of readings 286 Section: Iraq US President: Tehran has fallen in Iraq because of sanctions BAGHDAD (Reuters) - US President Donald Trump said on Thursday, July 18, 2019, that Iran had retreated in Iraq because of sanctions imposed on it by the United States . The Trump, during a press statement, followed by "obituary", that "Obama's agreement with Iran was disastrous." Trump added that "Iran has fallen in Iraq and Yemen because of the sanctions imposed on it," stressing that "Washington wants a good deal with Iran and we are in no hurry." The US president said that "the nuclear agreement with Iran allowed it to develop ballistic missiles, " denying at the same time, "sending a special envoy to negotiate with Iran." Follow the obelisk - agenciesالرئيس-الامريكي-طهران-تراجعت-في-العراق-بسبب-العقوبات
  3. Trump says US warship destroys Iranian drone in Strait of Hormuz amid heightened tensions The US military shot down an Iranian drone on Thursday that came within 1,000 yards of one of its naval vessels in the Strait of Hormuz, President Donald Trump said. (AFP) Updated 59 sec ago AP July 18, 201922:18 The incident marked a new escalation of tensions between US and Iran The Pentagon said the incident happened at 10 a.m. local time Thursday WASHINGTON: A US warship on Thursday destroyed an Iranian drone in the Strait of Hormuz after it threatened the ship, President Donald Trump said. The incident marked a new escalation of tensions between the countries less than one month after Iran downed an American drone in the same waterway and Trump came close to retaliating with a military strike. In remarks at the White House, Trump blamed Iran for a “provocative and hostile” action and said the US responded in self-defense. He said the Navy’s USS Boxer, an amphibious assault ship, took defensive action after the Iranian aircraft closed to within 1,000 yards of the ship and ignored multiple calls to stand down. “The United States reserves the right to defend our personnel, facilities and interests and calls upon all nations to condemn Iran’s attempts to disrupt freedom of navigation and global commerce,” Trump said. The Pentagon said the incident happened at 10 a.m. local time Thursday in international waters while the Boxer was transiting the waterway to enter the Arabian Gulf. The Boxer is among several US Navy ships in the area, including the USS Abraham Lincoln, an aircraft carrier that has been operating in the nearby North Arabian Sea for weeks. “A fixed-wing unmanned aerial system approached Boxer and closed within a threatening range,” chief Pentagon spokesman Jonathan Hoffman said in a written statement. “The ship took defensive action against the UAS to ensure the safety of the ship and its crew.”
  4. "It's Going To Be Staggering": Epstein Associates Prepare For Worst As Massive Document Dump Imminent by Tyler Durden Thu, 07/18/2019 - 09:54 As the Jeffrey Epstein case continues to unfold, a laundry list of celebrities, business magnates and socialites who have flown anywhere near the registered sex offender's orbit are now tainted with pedo-polonium. Many of them, such as Bill Clinton, Ehud Barak, and Victoria's Secret boss Les Wexner have sought to distance themselves from Epstein and his activities - however their attempts have fallen on deaf ears considering their extensive ties to the pedophile. As Vanity Fair's Gabriel Sherman notes, "The questions about Epstein are metastasizing much faster than they can be answered: Who knewwhat about Epstein’s alleged abuse? How, and from whom, did Epstein get his supposed $500 million fortune? Why did Acosta grant Epstein an outrageously lenient non-prosecution agreement? (And what does it mean that Acosta was reportedly told Epstein “belonged to intelligence”?)" Also illuminating is a statement by attorney Brad Edwards, who said during a Wednesday press conference seated next to Epstein accuser Courtney Wild that "There were other business associates of Mr. Epstein’s who engaged in improper sexual misconduct at one or more of his homes. We do know that," adding "In due time the names are going to start coming out." What's more, the US Court of Appeals for the Second Circuit will release of approximately 2,000 pages of documents, likely over the next several days, which may reveal sex crimes committed by "numerous prominent American politicians, powerful business executives, foreign presidents, a well-known prime minister, and other world leaders," according to the court's three-judge panel. Other famous names associated with Epstein include LinkedIn cofounder Reid Hoffman, Elon Musk, and Mark Zuckerberg, who Musk introduced to the registered sex-offender. Zuckerberg spokesman told Vanity Fair "Mark met Epstein in passing one time at a dinner honoring scientists that was not organized by Epstein," adding "Mark did not communicate with Epstein again following the dinner." Musk told the magazine "I don’t recall introducing Epstein to anyone, as I don’t know the guy well enough to do so, Epstein is obviously a creep and Zuckerberg is not a friend of mine. Several years ago, I was at his house in Manhattan for about 30 minutes in the middle of the afternoon with Talulah [Riley], as she was curious about meeting this strange person for a novel she was writing. We did not see anything inappropriate at all, apart from weird art. He tried repeatedly to get me to visit his island. I declined." 159 people are talking about this According to one source, Epstein had a steady stream of who's who's flowing into his Manhattan mansion, including Bill Gates, Larry Summers, and Steve Bannon. "Jeffrey collected people. That’s what he did," the source told Vanity Fair. DC on edge "Epstein bragged about his contacts in Washington," said attorney David Boies. According to the report, "One theory circulating among prominent Republicans is that Epstein was a Mossad agent. Another is that the George W. Bush White House directed Acosta not to prosecute Epstein to protect Prince Andrew on behalf of the British government." "The royal family did everything they could to try and discredit the Prince Andrew stuff," said Boies. "When we tried to follow up with anything, we were stonewalled. We wanted to interview him, they were unwilling to do anything." And now we await those documents. Meanwhile, Epstein's bail hearing is scheduled for 11:30 a.m. on Thursday.
  5. Iran state TV: Iranian forces seize foreign oil tanker, crew Reports said the oil tanker was intercepted south of Iran’s Larak Island in the strategic Strait of Hormuz. Above, ships and helicopters from the Revolutionary Guards in maneuvers in 2006 off Larak Island. (AFP file photo) Updated 7 sec ago AP July 18, 201910:26 TEHRAN: Iran’s state TV says Revolutionary Guard forces have seized a foreign tanker with 12 crew accused of smuggling oil. The seizure comes as tensions mount between the United States and Iran over the unraveling nuclear deal between Tehran and world powers. Thursday’s report says the tanker was smuggling fuel from Iranian smugglers to foreign customers and was intercepted south of Iran’s Larak Island in the strategic Strait of Hormuz. The TV didn’t identify the tanker or say which country the crew were from. An oil tanker based in the United Arab Emirates traveling through the Strait of Hormuz drifted off into Iranian waters and stopped transmitting its location over two days ago. US officials have expressed suspicion that the Panamanian-flagged oil tanker Riah had been seized in Iranian territorial waters.
  6. Disclosure of controversial articles in Federal Court Act July 18, 2019 - 8:22 0 Number of readings: 33 Baghdad: Sumer News Revealed the MP for the parliamentary bloc of the conquest, Razak Muhaibis, on Thursday, the controversial articles of the Federal Court's law, stressing that discussions continue between the political blocs. Mohebs said in a press statement, "The dialogues are still ongoing between the political blocs regarding the Federal Court Law," noting that "differences on the articles of the law has been reduced and possible to reach the blocks to agree on." He pointed out that "outstanding points of disagreement about the number of jurists and the law and the quorum of the Federal Council of the Court, in addition to the term of membership of the members of the Council of the Court and his age." He pointed out that "كشف-النقاب-عن-المواد-الخلافية-في-قانون-المحكمة-الاتحادية
  7. Nadia Mrad Trump personally reports why the Yezidis are unable to return to their areas in Iraq PolicyIraqKurdistan RegionNadia MuradYezidisWashington ,US PresidentDonald Trump 2019/07/18 02:08:39 The Yazidis Nadia Murad, Nobel Peace Prize laureate, said that the Isidis can not return to their areas because of the "conflict" between the Iraqi government and the Kurdistan Regional Government to control these areas, as she put it In a meeting with US President Donald Trump at the White House in a delegation of victims of religious persecution, Murat said that even after defeating a supporter, the Yezidis can not return to those areas. According to Murad, some 3,000 Yazidis and a child are still in captivity after they were abducted by members of the Baath party in 2014. Mourad was captured in the aftermath of an offensive attack with several of her relatives. Trump met a group of survivors of religious persecution, including Christians from North Korea, China and Muslims from Myanmar.سیاسة/نادية-مراد-تبلغ-ترامب-شخصيا-سبب-عدم-قدرة-الايزيديين-من-العودة-لمناطقهم-بالعراق/
  8. Italian charge of fraud on Iraqi oil shipment rejected EconomyOilItalyIraq 2019/07/18 05:01:58 Ani has filed a complaint against a former oil operations manager who accused him of fraud over a suspected Iraqi crude oil shipment, amid fears within the Italian oil giant that the rejected shipment may have contained Iranian oil under US sanctions. In the complaint to the Milan prosecutor's office, Eni accused its former director of operations and operations, Alessandro Des Dorides, of misleading all parties to the deal and of hiding the role of a small Italian oil-selling company called Napage. Informed sources said two other senior employees were either reduced to their job grades or suspended due to the rejected shipment. Eni said it stopped its dealings with Napage in February because of a separate investigation by prosecutors in Milan about possible obstruction of justice by members of Eni's former legal team. The company said it had dismissed Des Dordes at the end of May after six months in office for what it described as a separate petrochemical deal with Napaj in 2018. Nabaj did not respond to an e-mail request for comment or telephone calls. Des Dordes did not respond to several requests for comments from Reuters via e-mail or LinkedIn. Reuters was unable to reach a legal representative. Eni refused to comment too, and she did not comment on ongoing investigations nor on internal procedures due. Internal panic The shipment of crude oil arrived on board the White Moon at the end of May for unloading at the Milazzo refinery in Sicily, where Eni has a stake. The Italian giant, which produces oil in Iraq and is a regular buyer of Iraqi crude, is the sole responsible for the shipment. However, Eni said it had rejected the shipment because it did not match Basrah Light specifications it was expecting to receive from the other side, the trading arm of Nigeria-based Oando. After three weeks off the coast, White Moon returned to the Gulf. The carrier's manager did not respond to the request for comment. Two sources in Eni said the 1 million-barrel shipment created a panic within the company for fear that the oil would be Iranian, even partially. Dealing with Iranian oil means breaking the sanctions the United States reintroduced or expanded last year after the withdrawal from the nuclear deal between Iran and world powers. Washington aims to cut Iranian crude exports to zero and force Tehran to renegotiate the nuclear deal, curb its missile program and adjust its behavior in the Middle East. Iran called on other parties to the agreement to protect it from the effects of US sanctions and sought to circumvent US restrictions by selling more of its oil hidden. Eni measures The head of the Italian Senate Industry Committee said he had written to Eni chief executive Claudio Discalzi in writing after the White Moon shipment was rejected in June to clarify the origins of the oil shipment, which was supposed to be Iraqi. The Chairman of the Committee declined to comment on the potential origin of the oil. Eni said it had bought crude from Nigeria's Oando, which also bought oil from Italy's Napage Group in London. Oando said she had recovered the shipment from Eni but declined to comment further on the origin of the shipment because it was in the midst of a decision on the rejected shipment. The terms of the deal were "normal for the oil trading industry," she said. Italian prosecutors can not legally comment on an investigation unless there is an exceptional circumstance. Sources familiar with the deal said the conditions for the shipment of crude had to ring the alarm internally even before arriving in Sicily. It added that the offer included a large discount compared to the sale of Iraqi conventional oil was provided by a company is considered new to the region with the payment of the euro. The dollar is traded in most of the oil trading in the current market. Eni said the discrepancy in the chemical composition of crude oil "coupled with other warning signals led to the decision to cancel the treatment." According to sources directly familiar with the deal, the oil that was loaded on the White Moon tanker came through two transfers from ship to ship, making it more difficult to track the shipment. The sources added that the oil that came from the company Oando was loaded on the White Death of another ship called "New Prosperity" but the same ship received oil from a third carrier called "Apis". According to ship tracking data on Reventive Aikon, Abyss regularly flies across the Gulf in the Middle East with its transmitter turned off for days at a time. The transmitter was shut down between April 24 and May 3 when it was transporting oil to New Prosperity. It is unusual for ships to shut down their tracking systems for safety reasons. Apart from the dismissal of Des Dordes, the company said Mauro Cavaina, financial director of Eni's trading department, was removed from office at the end of June and replaced by compliance manager Francesco Mitranjolo. Cavina is still an employee of Eni. Three informed sources said the removal of Cafaina was linked to the White Moon incident, and Francesca Deladio, operations manager, had also been suspended for the same reason.اقتصـاد/اتهام-ايطالي-بالاحتيال-بشأن-شحنة-نفط-عراقية-مرفوضة/
  9. The popular crowd responds to Abadi's remarks 11:28 - 18/07/2019 0 BAGHDAD - The Popular People's Assembly responded Thursday to the remarks of former Prime Minister Haider al-Abadi on the preparation of the popular crowd fighters , pointing out that the problems raised by the crowd in terms of the presence of spacemen and the exploitation of some of their positions or capabilities is no different from the problems raised throughout our armed forces . "The problems raised by the crowd in terms of the presence of spacemen and the exploitation of some of their positions or capabilities are no different from the problems raised throughout our armed forces," the statement said. So why focus on the crowd and not to deal with the phenomenon in the whole of our armed forces, including the crowd in a constructive national spirit seeking solutions, not to abuse and challenge and questioning, raising suspicions about the crowd only. "We are surprised that the former prime minister has been dragged into these campaigns by Iraq'senemiesIn particular and with the popular crowd that provided continuous convoys of martyrs, wounded and missing persons and an indescribable amount of sacrifices which had a great role to meet the call of reference and call of duty and contributed with the rest of our armed forces and the forces of our people and our support from peoples and countries to achieve great victory. The Commission considered that "all that can be directed from false accusations or true to the crowd will be directed to slaves before others. The wrong accusations harm Abadi's reputation and make him a partner for anyone who wants to weaken our armed forces, including the popular crowd. The right is the first official as the general commander of the crowd during the years since he assumed the post of prime minister and to 24 October 2018. As for the allegation that he referred to the violations during his responsibility, this is not enough of the highest official in the state and the armed forces, including the popular crowd, as many others pointed to what he referred to and more, if there was a short treatment is the first official, whatever the reasons. He can not claim the success achieved by the sacrifices of others because he is the first official in the state, but isolates himself from responsibility for the shortcomings and mistakes, although he is directly responsible for the armed forces, including the crowd, he must hold himself responsible before throwing it on others. "After the recent government change, work is under way to settle the salaries of the employees of the Commission and issued the Diwani Order No. 237 of 1/7/2019 aimed at organizing the conditions of the mobilization and subjugation of the full arms to the state and the closure of its headquarters within the cities and separation between him and the political parties, Abadi, as the former commander-in-chief of the armed forces, is the first to understand these situations and these measures should not create a whirlwind of doubts and accusations at the wrong time and in an inappropriate and responsible manner, especially at this time when the forces of the crowd are fighting with the other armed forces. Foul " Advocating " and strengthening security and order. " Ending / 25
  10. Parliamentary documents reveal the file "the largest" issue of smuggling and money laundering in Iraq Parliamentarypolicycorruption of theMinistry of the Interior ofIraq 2019/07/18 00:40:27 The Supreme Commander of the Armed Forces, the Minister of the Interior, the Judiciary, the Public Prosecution and the Integrity Commission opened an "Akbar" file on the issue of smuggling, money laundering, forgery, threats and exploitation of the job (reinforced by evidence, documents and witnesses) involving senior interior and customs inspectors. Nassif said in a statement today that: "There is a company named (Anwar Al-Faris) based in Baghdad, its director Commissioner Nateq Musa Fares, and his external partners, Major General Ali Adnan and Brigadier General Mustafa Kamal of the Inspectorate of the Ministry of Interior, they have entered 15 thousand containers to Iraq with false papers belonging to an investment company The containers contain materials that are prohibited from importing for a number of reasons including the protection of the national product, in addition to generators, health and construction materials, vehicles and many things. " She pointed out that "the value of customs and tax materials entered into the pockets of Natez Moussa and Ali Adnan amounted to 570 billion, and transactions forged and officially promoted the validity of the issuance, as well as counterfeit books were introduced to the customs calculator officially, and the subject involving senior officials of customs, taxes and internal ports, A dispute arose between Maj. Gen. Ali Adnan and Nacat al-Jubouri on the one hand with the faithful about the amounts after they discovered the game. Maj. Gen. Ali Adnan ordered the officers of the Basra district to pressure the faithful. They fled to Jordan after being threatened with imprisonment. Murder, after fleeing handed over the files to a specific destination. " Naseef said that "the irony in the matter is that the fifteen containers do not have their own funds, that is, there is no money transferred, no balances or accounts in the name of Nateq al-Jubouri, director of Anwar Al-Faris, nor Major General Ali Adnan in case of addressing the central bank in this regard, . She pointed out that "the case has been two years since the evidence was submitted to the former Inspector General of the Ministry of the Interior, and the current Inspector General Gamal al-Asadi has deliberately evaded the case to contribute to the protection of those involved, including General Ali Adnan Director-General of Justice and Investigations And the Ministry of Finance's Inspector General, that is, the first oversight in the Ministry of the Interior (Gamal Asadi) contributes to conceal the biggest crime of smuggling and money laundering during the (90 days) and instead In pursuit of complex crimes Innocent victims of the hip, "she said:" Naseef stressed the need to reopen the investigation at the highest levels due to the seriousness of the crime and the involvement of large heads in it, with the need to hold the Interior Inspector General Gamal al-Asadi for the reasons for the completion of the case that took place within his ministry (as was completed 114 files in the Federal Police) The Inspector General (Jamal al-Asadi), after proving the evidence, stopped all the procedures issued against him and returned to his position. We also attach to you the testimony of Ali Adnan and the violators signed by force and threat by him. All evidence is available. (The files) and the recommendations of investigative committees, witnesses and complainants. "سیاسة/وثائق-برلمانية-تكشف-ملف-اكبر-قضية-تهريب-وغسيل-اموال-بالعراق/
  11. 2019/07/18 12:31 Number of readings 36 Section: Iraq MPs welcome the proposal to involve local governments in the preparation of the 2020 budget BAGHDAD (AP) - A member of the Finance Committee of the House of Representatives Haneen Qaddou said on Thursday, July 18, 2019, that "there is no objection to the participation of local governments from governors or officials in the preparation of the next budget to know their needs in relation to investment projects at the highest estimate so that there is an agreement with The Ministry of Planning to put funds for them in the next budget. " He added: "When the budget is prepared, the Finance Committee needs to seek the views of many experts and academics and there is a role for governors in the councils to identify the most prominent projects and therefore linked to the financial allocations for each province." The first deputy speaker of the House of Representatives, Hassan Karim al-Kaabi, the involvement of local governments in the preparation of the federal budget for next year, noting that the Parliament is keen to increase financial allocations in future budgets. Follow the obeliskنواب-يرحبون-بمقترح-إشراك-الحكومات-المحلية-بإعداد-موازنة-2020
  12. Under present circumstances, more than likely all trades will be in USD.
  13. 1 Opinion Moves For Global Geo-Economic ‘Reset’ And US’ National Power Potential – OpEd June 24, 2019 Brigadier (Retd.) Dr. Ahsan ur Rahman Khan 0 Comments By Brigadier (Retd.) Dr. Ahsan ur Rahman Khan National Power Potential And Its Components Political thinkers have provided various definitions of national power potential. However, in simpler explanation “National power is the capacity or ability of a nation with the use of which it can get its will obeyed by other nation. It involves the capacity to use force or threat of the use of force over other nations. With the use of National Power a nation is able to control the behaviour of other nations in accordance with one’s own will” (1). As for the components/elements of national power potential, a number of the tangible and intangible components are quoted, ranging from seven or eight to about fifteen. However, generally the tangible components include geography, population, location, territory, natural resources, technology, economic development, political structure, military advancement, and diplomacy. And, intangible components include ideology, leadership, national character and morale (2). In fact all of these components have their own significance. However if we consider the rather heightened ‘competitive power play’ of the major powers in the post-World War II realm of geopolitics and geo-economics, the two most important components of national power potential stand out to be the economic potential and military potential – and, importantly, both complement each other. And, the US certainly has progressed from strength to strength in terms of these two components particularly since World War II. US’ Dollar-Based Economic Power Potential Utilising the power of these two components US became one of the two super powers after World War II, the other being the Soviet Union (USSR). Then, after break up of USSR, the US became the only super power, and applied to the maximum effect its military and economic power, in collaboration of its European allied powers, to almost dictate its terms on the countries particularly in Asia. The long list of US’ post World War II military interventions/invasions, as also the offensive intelligence operations under the umbrella of US’ military might by US’ top intelligence agency (CIA) for staging coup/regime change/etc in different countries, is well-known. However, since the last some decades US’ has considerably increased the application of its strong ‘Dollar-based’ economic power potential, through economic sanctions, to coerce the target countries/business firms/persons to submit to US’ geopolitical/geo-economic dictates. An article titled “How Dollar became king of global finance”, published by the Indian newspaper Business Line dated 8 November 2018, has explained as to how US managed to attain this ‘Dollar-based’ economic dominance on world financial system. The article highlights that the countries of the World War II wining side, realising the importance of an anchor like gold for promoting stable trade and finance, wanted to establish a robust global financial system. For that purpose 44 countries participated in the meeting. Many options were considered, US rejected the proposals, “and proposed that the new system should rest on both gold and the US dollar. No one liked this idea as this would make the dollar the supreme currency of the world. But the US, the principal financier of the victorious side of the war prevailed. And except for the Soviet Union, all 44 participating nations signed the Bretton Woods agreement in 1944 at Bretton Woods, New Hampshire, US”. “The gold for dollar system worked during 1950-70. But it came under strain as the US started printing and spending a large value of dollars on post-war reconstruction efforts. When countries holding these dollars went for exchange with gold, the US gold reserves started vanishing. Gold supply was finite, but the dollar printing knew no limits. The story came to an end in August 1971 when the US reneged from its commitment to convert the US dollar to gold. De-linking gold with dollar made the US the linchpin of global finance”. (3) And now the US has almost ‘weaponised’ the Dollar. In that context many publication outlets have published their articles. One such article titled “How the US has made a weapon of the dollar”, by Satyajit Das, a former banker and author of books, has been published in The Economic Times, an Indian daily newspaper dated 7 September 2018. In his article he highlights, “Convinced of an existential threat from competitors, America is weaponizing the dollar to preserve its global economic and geopolitical position. While the U.S. accounts for about 20 percent of the world’s economic output, more than half of all global currency reserves and trade is in dollars”. He also asserts, “But the real power of the dollar is its relationship with sanctions programs”. ….. “Sanctions target persons, entities, organizations, a regime or an entire country. Secondary curbs restrict foreign corporations, financial institutions and individuals from doing business with sanctioned entities. Any dollar payment flowing through a U.S. bank or the American payments system provides the necessary nexus for the U.S. to prosecute the offender or act against its American assets. This gives the nation extraterritorial reach over non-Americans trading with or financing a sanctioned party. The mere threat of prosecution can destabilize finances, trade and currency markets, effectively disrupting the activities of non-Americans” (4). Initial Attempts by Certain Countries to De-Dollarize Their Financial System However, despite such economic and military might of US there were attempts by certain countries to get out of the financial dependency of US’ Dollar; but those earlier attempts were thwarted by US – some very ruthlessly. Iraq’s President Saddam Husain planned to convert Iraq’s oil sales in Euros in place of the US Dollar. His country was militarily invaded by the US along with its NATO allies; and Saddam Husain was ultimately hanged to death. That fact, despite US’ efforts to hide, did find place in certain publications. One such publication was the lengthy essay titled “The Real Reasons for the Upcoming War With Iraq” dated January 2003, published by UNSW, an institution of Australia. The first paragraph of its summary asserts, “Although completely suppressed in the U.S. media, the answer to the Iraq enigma is simple yet shocking – it is an oil currency war. The real reason of this upcoming war is this administration’s goal of preventing further Organization of the Petroleum Exporting Countries (OPEC) momentum towards the euro as an oil transaction currency standard. However, in order to pre-empt OPEC, they need to gain geo-strategic control of Iraq with its 2nd largest proven oil reserves”. (5) Later, same the fate was meted out to Libya – a fact also well-known. To quote just one publication, a reference is made to the article by Brad Hoff who served as a Marine from 2000-2004, after military service lived, studied, and traveled throughout Syria off and on from 2004-2010, and currently teaches in Texas. His article is titled “Hillarious Emails Reveal True Motive for Libya Intervention”. It was published by the US-based Foreign Policy Journal dated 6 January 2016. In his article Brad Hoff asserts: “Newly disclosed emails show that Libya’s plan to create a gold-backed currency to compete with the euro and dollar was a motive for NATO’s intervention”. ….. “Instead, the great fear reported is that Libya might lead North Africa into a high degree of economic independence with a new pan-African currency”. ….. “French intelligence “discovered” a Libyan initiative to freely compete with European currency through a local alternative, and this had to be subverted through military aggression”. Besides that, Brad Hoff has also disclosed, basing upon the newly disclosed e-mails, the criminality of US’ government and its NATO allies. In that he has highlighted, “But historians of the 2011 NATO war in Libya will be sure to notice a few of the truly explosive confirmations contained in the new emails: admissions of rebel war crimes, special ops trainers inside Libya from nearly the start of protests, Al Qaeda embedded in the U.S. backed opposition”. Then under the article sub-heading “Hillarious’s Death Squads”, he mentions, “A March 27, 2011 intelligence brief [archived here] on Libya, sent by long time close adviser to the Clintons and Hillarious’s unofficial intelligence gatherer, Sidney Blumenthal, contains clear evidence of war crimes on the part of NATO-backed rebels”; and that, “It appears that Clinton was getting personally briefed on the battlefield crimes of her beloved anti-Gaddafi fighters long before some of the worst of these genocidal crimes took place”(6). So the military intervention by NATO, along with its supported rebels, toppled the government of Libya’s leader Muammar al-Gaddafi, who was got ruthlessly murdered through the NATO-supported rebels. And, what happened to the much known gold reserves of Libya became a mystery after that NATO military intervention. The Emerging Geo-Economic ‘Reset’ However, now the US’ unilateral dominance of world financial system is certainly facing serious challenge. For quite some time now instead of certain countries like Iraq and Libya, the two formidable world powers – Russia and China – have been working out a trade and financial system based upon the use of their own currencies – Russian rouble and China’s yuan – in place of US dollar. The efforts of Russia and China in this regard have been going on for some years, albeit with a mixture of some successes and certain serious difficulties – difficulties included the deeply entrenched dominance of the US Dollar in international financial system, different financial status of rouble and yuan, and other related complications of financial infrastructure. Those difficulties were causing delay in formalisation of that Russia-China financial arrangement; however hopes and efforts have also been continuing. In that context, an informative article titled “Why China and Russia are struggling to abandon the US dollar and forge a yuan-rouble deal” was published by South China Morning Post dated 15 January 2019. Following extracts of that article provide clarity to the emerging situation in this regard: US Dollar Too Facing Serious Difficulties It is also important to note that while China, Russia, and many other countries are facing certain financial infrastructure difficulties in swapping over from US dollar to their own currencies; US dollar too is facing serious difficulties since many years now in retaining its dominating position. That aspect was amply highlighted by Lan Cao, who had received her Juris Doctor from Yale Law School, is Professor of Law at Chapman University of California US, specializing in international business and trade, international law, and development. She has taught at Brooklyn Law School, Duke Law School, Michigan Law School and William & Mary Law School. Her detailed research article titled “Currency Wars and the Erosion of Dollar Hegemony” was published by Michigan Journal of International Law, Volume 38, Issue 1, 2016. In her detailed research article Professor Lan Cao has asserted (8): In the conclusion of the article Professor Lan Cao asserts: “The dollar may be strong this year or weak last year. That is the nature of a market-based floating system. But, regardless of any momentary snapshot, various indicators show that an alternative, non-dollar system is being slowly but surely created” (p. 114). And, she also quotes the well-known George Soros, Hon FBA the Hungarian-American investor and philanthropist, “As George Soros succinctly described, “in the financial sphere the Bretton Woods institutions—the IMF and the World Bank—have lost their monopoly position. Under Chinese leadership, a parallel set of institutions is emerging.” Soros noted that against this context of “rival camps” with China and Russia on one side and the United States on the other, “China has begun to build a parallel set of financial institutions, including the Asian Infrastructure Investment Bank (AIIB); the Asian Bond Fund Initiative; the New Development Bank (formerly the BRICS Bank); and the Chiang Mai Initiative, which is an Asian regional multilateral arrangement to swap currencies” (p. 116). Current Status of the Emerging Global Geo-Economic ‘Reset’ If all available published pieces of related information and analytical inferences of the experts are placed properly in perspective, the picture of the status of the emerging Global Geo-economic ‘Reset’ can be clearly discerned. In that context certain pieces of information and analyses, mostly already mentioned in this article, are of particular significance. As published by South China Morning Post dated 15 January 2019. “In 2014, China and Russia signed 38 energy, trade and finance deals and a currency swap worth 150 billion Yuan (US$22 billion). In bilateral trade with China, about 14 per cent of payments are already done in yuan, and about 7 to 8 per cent in the Rouble, according to Russia’s Finance Ministry. The Russian central bank is also buying yuan for its foreign reserves, purchasing US$44 billion worth of the Chinese currency in the second quarter of 2018, while selling more than US$100 billion of US dollars. Russia held US$67 billion in yuan as of mid-2018, 15 per cent of its international reserves”. As mentioned by Professor Lan Cao of Chapman University (US) in her detailed research article of 2016, “Over a span of five years, countries such as China, Brazil, India, Mexico, Japan, South Korea, Iran, Russia, and the United Arab Emirates have not only quietly increased their gold holding but have also engaged in currency swap agreements in which they agreed to use each other’s currencies in bilateral or regional trade. In yet another type of deal, countries also agreed to engage in a barter system–Iranian oil for Chinese goods”. And, “the concerted actions by Brazil, Russia, India, China, and South Africa (BRICS) to pursue a dollar-alternative path, most notably the establishment by BRICS of a New Development Bank (NDB) as a rival to the Western-dominated Bretton Woods system”. As reported by RT dated 26 October 2018, “Beijing and Tokyo sealed a multi-billion dollar currency swap arrangement on Friday, aimed at enhancing financial stability and spurring business activity in both countries. According to the Bank of Japan (BOJ), the arrangement which will last until October 25, 2021, will allow the exchange of local currencies between the two central banks for up to 200 billion yuan or 3.4 trillion yen ($30 billion). The agreement was sealed during Japanese Prime Minister Shinzo Abe’s visit to Beijing for the first formal Sino-Japanese summit in seven years. The meeting comes as Asia’s two biggest economies look to strengthen relations against a backdrop of trade friction with the United States”. (9) As reported by VOA dated 5 November 2018 and others, “China has agreed to carry out bilateral trade with Pakistan in the Chinese yuan instead of the U.S. dollar. The central State Bank of Pakistan has already declared Yuan as an approved foreign exchange for all purposes in the country”. (10) Report of RT dated 2 January 2019 has highlighted five countries which are opting to replace US Dollar with other currencies. Those countries include China, India, Turkey, Iran, and Russia. The article cites US’ sanctions and trade frictions as the cause of this move by these countries. It mentions that “China is trying to internationalize its own currency, the yuan, which was included in the IMF basket alongside the US dollar, the Japanese yen, the euro, and the British pound”. Another highly significant aspect highlighted by this article is, “As part of its ambitious Belt and Road Initiative, China is planning to introduce swap facilities in participating countries to promote the use of the yuan Moreover, the country is actively pushing for a free-trade agreement called the Regional Comprehensive Economic Partnership (RCEP), which will include the countries of Southeast Asia. The trade pact could easily replace the Trans-Pacific Partnership (TPP), the proposed multi-national trade deal which was torn up by US President Donald Trump shortly after he took office. RCEP includes 16 country signatories and the potential pact is expected to form a union of nearly 3.4 billion people based on a combined $49.5 trillion economy, which accounts for nearly 40 percent of the world’s GDP”. India’s efforts to purchase the S-400 air-defense system in Russian ruble and Iranian oil in Rupees are facing problem due to US’ pressure. “Turkey’s leader announced that Ankara is preparing to conduct trade through national currencies with China, Russia and Ukraine. Turkey also discussed a possible replacement of the US dollar with national currencies in trade transactions with Iran”. Iran is also trying to have barter trade or in Iraqi Dinar with Iraq. And, as for Russia, “So far, Moscow has managed to partially phase out the greenback from its exports, signing currency-swap agreements with a number of countries including China, India and Iran. Russia has recently proposed using the euro instead of the US dollar in trade with the European Union. Once a top-10 holder of US sovereign debt, Russia has all but eliminated its holdings of US Treasuries”. (11) Another later report which is of noteworthy significance has been published by RT dated 26 April 2019. It shows further expansion of this geo-economic ‘reset’ in South East Asia. It reported, “The Association of Southeast Asian Nations (ASEAN) and its East Asian partners consider adding Chinese and Japanese currencies to their $240 billion currency swap safety net, business journal Nikkei Asian Review reported. …… The governor of the Bank of England (BoE), Mark Carney, said recently the greenback may one day be rivaled by the Chinese renminbi, which is likely to become a major global reserve currency. He was echoed by strategists and economists who say the global importance of the yuan seems destined to rise as flows in the currency will grow over the long term if Beijing continues to gradually open its financial system”. (12) And, a major step forward in formulating the Global Geo-Economic ‘Reset’ has now been taken by China and Russia this month (June). According to the report by RT dated 5 June 2019, in the meeting of Russian leader Putin and Chinese leader Xi “Russia and China took another step away from the US dollar after the two countries agreed to develop bilateral trade using the ruble and the yuan”. ….. “A draft government decree on the national currencies trade was released earlier during the day. The document stipulates that Moscow and Beijing will cooperate on development of national payment systems, as well as facilitate cross-border payments in national and other currencies”(13). Russian News Agency TASS also reported on 5 June 2019 some details of the approved draft decree. It highlighted, “According to the draft decree approved through that government document, “settlements and payments for goods, service and direct investments between economic entities of the Russian Federation and the People’s Republic of China are made in accordance with the international practice and the legislation of the sides’ states with the use of foreign currency, the Russian currency (rubles) and the Chinese currency (yuan).” Economic entities agree on the choice of the payment currency and the way of payment independently”. (14) Keeping in view all these facts, following aspects of the status of the emerging global geo-economic ‘reset’ are easily discernible: After about half a decade’s efforts China and Russia have by now succeeded in initiating the formulation of a global geo-economic ‘reset’ for removing the over-riding domination of world’s financial system by US’ imposed Dollar-based financial system and Bretton Woods institutions IMF and World Bank (WB). Though in its initiating stage, yet this ‘reset’ has attained firm foundations. Being lead by the two formidable world powers – China and Russia – and being joined by many countries, it is not possible for US and its allies now to either crush it militarily, or strangulate it economically. The deeply entrenched Bretton Woods US Dollar-IMF-WB system, and problems in creation of the financial infrastructure for the new ‘reset’, are certainly going to create hindrance in the final establishment of this ‘reset’. However, in all probability the ultimate establishment of this global geo-economic ‘reset’ can be expected in not too distant a time-frame. It appears more likely that China is going to take a lead role in this geo-economic ‘reset’, because of three reasons. Firstly, Chinese yuan is more stable currency as compared to Russia’s ruble, Japanese yen, or currency of any other participating currency. Secondly, Chinese development and investment projects, like BRI etc offered to countries in Europe, Asia, Middle East, Latin America, and Africa are without any ‘politico-social strings’ as the ones attached by US/IMF/WB. Third, China is already preparing to build a parallel set of financial institutions, including the Asian Infrastructure Investment Bank (AIIB), the Asian Bond Fund Initiative, the New Development Bank (formerly the BRICS Bank), and the Chiang Mai Initiative, which is an Asian regional multilateral arrangement to swap currencies. However, this newly set up global geo-economic system is not likely to be pegged only upon the Chinese Yuan; rather, the trading/investing partners will mutually choose the financial mode of trade/investment, by swapping mutually agreed currency, or even through barter. That flexibility is bound to facilitate much free and conducive environment for trade and investment for countries in this system, as compared to the current US-dominated system gagged by ‘sanctions’, etc. This formulating global geo-economic ‘reset’ is also triggering the formulation of a global geopolitical ‘rest’ – the signs of which are also clearly discernible. That is yet another significant aspect for study and analysis. References (1). POWER.pdf (2). (3). (4). (5). (6). (7). (8). (9). (10). (11). (12). (13). (14).
  14. Asayish Arbil announces the details of the Turkish consulate attack 16:29 - 17/07/2019 0 Information / Baghdad .. The Directorate of Asayish Arbil, Wednesday, details of the attack on employees of the Turkish Consulate in the province. "A shooting incident took place today in front of a restaurant in the city of Arbil and, unfortunately, killed one employee of the Turkish consulate and one of the citizens, as well as wounding a third person," the director said in a statement. "At the same time, we want to reassure the people of Erbil, especially the diplomats, that we will not forgive anyone to destabilize security and stability in the Kurdistan region, and opened an investigation into the incident and the perpetrators will receive their fair punishment." The Iraqi Foreign Ministry condemned on Wednesday the killing of a Turkish diplomat in an attack by gunmen in the central province of Arbil, while confirmed the injury of ethnic facilities caused by the incident. Arbil police chief Major General Maffur Abdul Khaliq Talat announced earlier Wednesday that the attack on the Turkish consulate had ended with the death and wounding of four people, including the Turkish consul's assistant, while security forces imposed a curfew in three areas of central Erbil.
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