Tuesday, April 24, 2012

Major military standoff in South China Sea

Major military standoff in South China Sea over custody of physical gold hoards. Russia, China, Philippines and rogue faction US warships involved. Egypt cuts off natural gas supplies to Israel. Turkey kicks Israel out of NATO Chicago summit. George Soros launches all-out war against German Bundesbank.

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A major military stand-off is taking place in the South China Sea and the Philippines over control of historical gold deposits in the region. A fleet of eight rogue-element US warships is being confronted by a joint Chinese/Russian fleet. The Chinese have publicly announced that they are willing to go to war over the dispute.

US military personnel are said to be systematically and forcibly searching old bunkers and cave systems in the Philippines for long-hidden Asian-owned gold reserves. Repeated intimidation of the local population has been reported.

The US warships are positioned to receive the seized physical gold hoards. These are wanted by the Western G5 banking cartel acting through its US Fed proxy.

The location of the military standoff is the Scarborough Shoal / Huangyan Islands area. The conflict is linked to the failed IMF and World Bank meetings which took place in Washington DC in the third week of April 2012.


In the Middle East, on Sunday 22nd April 2012, it emerged that Egyptian energy companies have terminated a deal to supply Israel with natural gas. Israel relies on Egypt for forty percent of its natural gas supply. Israeli Finance Minister Yuval Steinitz expressed great concern about the situation, saying that it set a dangerous precedent which cast a shadow over the peace agreements and peaceful atmosphere between Egypt and Israel.

In Europe, speaking at the NATO meeting in Brussels during the third week of April 2012, the Turkish Foreign Minister Ahmet Davutoğlu made it clear that Ankara was blocking Israel’s participation in a key NATO summit in Chicago on the 20th and 21st May 2012.

Turkey is insisting that Israel must first apologise for the killings of Turkish citizens in a raid on the Gaza Freedom Flotilla on Monday 31st May 2010. Israeli commandos unlawfully attacked the humanitarian aid-carrying boats in Mediterranean international waters. "There will be no Israeli presence at the NATO meeting unless they issue a formal apology and pay compensation for the Turkish citizens their commandos killed in international waters,” a senior Turkish official told the Turkish daily newspaper Hürriyet.

George Soros, meanwhile, has been actively briefing against the German Bundesbank in a series of newspaper interviews in Europe. Soros said that if he were still an active investor, he would now bet against the Euro. The Euro threatens to destroy the European Union. European political and financial leaders are leading Europe to its ruin by trying to impose inappropriate rules.

The introduction of the Euro, Soros argues, has led to divergence instead of bringing about convergence. The most fragile countries of the EuroZone have discovered that they are in a Third World situation, as if they were indebted in a foreign currency. There is a real risk of multiple sovereign defaults. Trying to make these countries respect austerity rules that don’t work just makes matters worse. The European authorities, particularly in Germany, do not understand this.

More details here (23.04.12), here (22.04.12) and here(19.04.12). Developing geopolitical background here (16.04.12),here (12.04.12), here (12.04.12) and here (10.04.12).