Day: September 22, 2014

GlobalIntelHub2

U.S. Ramping Up Major Renewal in Nuclear Arms

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KANSAS CITY, Mo. — A sprawling new plant here in a former soybean field makes the mechanical guts of America’s atomic warheads. Bigger than the Pentagon, full of futuristic gear and thousands of workers, the plant, dedicated last month, modernizes the aging weapons that the United States can fire from missiles, bombers and submarines. It […]

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Scottish referendum result undoubtedly rigged

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Apparently terrorized by the fear-mongering tactics of the British establishment media, in the form of hysterical warnings about food price rises and “societal disintegration”, the fiercely independent Scottish people voted to remain in the UK. Or so the British establishment media would have us believe. The official result matched the predictions of polls conducted by […]

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Billionaires are hoarding piles of cash

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Billionaires are holding mountains of cash, offering the latest sign that the ultra-wealthy are nervous about putting more money into today’s markets. According to the new Billionaire Census from Wealth-X and UBS, the world’s billionaires are holding an average of $600 million in cash each—greater than the gross domestic product of Dominica. That marks a […]

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Ukraine Introduces Capital Controls

Elite Forex Blog - Market Research & Analysis
A few days ago we showed how when Obama said there would be “costs” for Moscow in the Ukraine-Russian conflict, he got the recipient country of said costs woefully wrong, as confirmed by the economic data released by Ukraine which showed its Industrial Production crater at a pace on par with the Lehman collapse, confirming the Ukraine economy was on the verge of a spectacular implosion just in time for the harsh, Gazprom-free winter to finish off what little economic activity is left.
The resulting selloff in the Hryvnia and Ukraine bonds, was therefore, hardly surprising.
Which probably means the news reported by Bloomberg moments ago, which cites Ukraine’s Unian news service, that the Ukraine central bank just instituted restrictions on Hryvnia use, i.e., capital controls, should also not come as a surprise, yet for all those expecting Russia to crater first under the weight of western sanctions, to see said cratering take place in western-backed (and IMF guaranteed) Ukraine is probably just a little unpleasant.
The details:
Central Bank forbids companies completing FX payments on import contracts if they don’t actually bring goods into Ukraine, Unian reports, citing Central Bank decree that comes into effect tomorrow.
  • FX payments on imports also prohibited if customs registration of goods takes more than 180 days
  • Foreign investors forbidden to receive investment return from selling Ukraine securities beyond stock exchange, except govt bonds
  • Foreign investors forbidden to receive dividend return on Ukrainian shares not traded in stock exchanges
  • Central bank also forbids FX transactions using individual FX licenses, except placing money by cos. on accounts in foreign banks
In other words, the money concentration into a select few government-approved (and controlled) asset classes has begun. For those who are unsure what happens next, please google “Cyprus and March 2013.“
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Pirate Bay fools the system with cloud technology

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Despite years of persecution, the world’s most notorious pirated content exchange continues to flout copyright laws worldwide. The Pirate Bay team revealed how cloud technology made their service’s virtual servers truly invulnerable. Two founders of The Pirate Bay (TPB) file exchange are in prison, but their creation continues to receive millions of unique visitors daily […]

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Barbarism Versus Stupidism

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Submitted by Howard Kunstler via Kunstler.com, In my lifetime, the USA has not blundered into a more incoherent, feckless, and unfavorable foreign policy quandary than we see today. The US-led campaign to tilt Ukraine to Euroland and NATO — and away from the Russian-led Eurasian Customs Union — turned an “intelligence” fiasco into a strategic […]

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