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Three Game Changers: Standard Chartered admits fraud, Cyprus, and BRICS Nations discuss proposal to challenge World Bank and IMF

The changes that are taking place on the global political landscape are unprecedented. Our recent economic crisis has allowed us to lift the veil on financial institutions revealing their vile business practices that have allowed them to control our governments.

Below you will find three recent significant events that are acting as catalysts to accelerate the inevitable restructuring of the way we do business:

1) Sending a Message for Backpedaling on Settlements: “Earlier this year, John Peace, the chairman of Standard Chartered’s board, spoke at a news conference announcing the bank’s quarterly earnings. He was asked whether any employees would be held responsible for violations of United States laws restricting financial dealings with Iran and other countries that led to settlements with federal and state authorities costing the bank about $667 million. He responded, ‘We had no willful act to avoid sanctions; you know, mistakes are made — clerical errors — and we talked about last year a number of transactions which clearly were clerical errors or mistakes that were made.’

“There is just one big problem with attributing violations to mere ‘clerical errors.’ The deferred prosecution agreement with the Justice Department specifically provides that no one at Standard Chartered can make ‘any public statement contradicting the acceptance of responsibility’ in the settlement. And the statement of facts accompanying the agreement says that the bank ‘knowingly and willfully engaged in this criminal conduct,’ something far beyond mere mistakes.”

From London to New York to Cyprus, Fraud and Financial “Insanity” [youtube https://www.youtube.com/watch?v=W2_DWKltwtY?rel=0]

2) Cyprus: It’s not over yet : “This was not a good weekend for Russian billionaires. First, Boris Berezovsky was found dead at his English country estate. Now, all the uninsured depositors (read: Russian plutocrats) at Cyprus’s two largest banks are going to be hit much, much harder than they feared they might be when the Cyprus crisis first erupted last week.

“Back then — a long, long week ago — Cypriot president Nicos Anastasiades stood firm: there was no way he would allow uninsured depositors to lose more than 10% of their money. What a difference a week makes: now, if your uninsured deposits are at the Bank of Cyprus, you’re probably going to lose about 40% And if they’re at Laiki, you’re going to lose everything.

“The agreement between the Cypriot government and the Troika of the EU, IMF, and ECB is a bold and brutal geopolitical power-play. There might be language in the official communiqué about how ‘The Eurogroup looks forward to an agreement between Cyprus and the Russian Federation on a financial contribution’, but given the billions of euros that Russians are being forced to contribute unwillingly, the chances that they’ll happily throw a bit more money into the pot have to be tiny.

“In the Europe vs Russia poker game, the Europeans have played the most aggressive move they can, essentially forcing Russian depositors to contribute maximally to the bailout against their will. If this is how the game ends, it’s an unambiguous loss for Russia, and a win for the EU.”

Bernanke Fails to Answer Concerns about a Cyprus-Style Seizure of American Bank Deposits[youtube https://www.youtube.com/watch?v=zMzR5s3H_00#t=2842s]

3) BRICS Nations Plan New Bank to Bypass World Bank, IMF: “The biggest emerging markets are uniting to tackle under-development and currency volatility with plans to set up institutions that encroach on the roles of the World Bank and International Monetary Fund.

“The leaders of the so-called BRICS nations — Brazil, Russia, India, China and South Africa — are set to approve the establishment of a new development bank during an annual summit that began today in the eastern South African city of Durban, officials from all five nations say. They will also discuss pooling foreign-currency reserves to ward off balance of payments or currency crises.

“’The deepest rationale for the BRICS is almost certainly the creation of new Bretton Woods-type institutions that are inclined toward the developing world,’ Martyn Davies, chief executive officer of Johannesburg-based Frontier Advisory, which provides research on emerging markets, said in a phone interview. ‘There’s a shift in power from the traditional to the emerging world. There is a lot of geo-political concern about this shift in the western world.’

“The BRICS nations, which have combined foreign-currency reserves of $4.4 trillion and account for 43 percent of the world’s population, are seeking greater sway in global finance to match their rising economic power. They have called for an overhaul of management of the World Bank and IMF, which were created in Bretton Woods, New Hampshire, in 1944, and oppose the practice of their respective presidents being drawn from the U.S. and Europe.”

Leaders of world’s emerging economies gather in South Africa to discuss proposal to challenge World Bank domination[youtube https://www.youtube.com/watch?v=hSTUYhOujyI?rel=0]

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Underworld

British government will buy OneWeb for surveillance

The developer of the OneWeb global Internet satellite system, which went bankrupt at the beginning of the year, announced that it had agreed to buy the business and continue its work. Shares in the company will receive the UK and the British branch of the Indian company Bharti Enterprises. In total, one billion dollars will be invested in OneWeb, which should allow to continue launching satellites.

OneWeb is a project to create a global satellite Internet system. To date, the company launched 74 of the 650 satellites planned. Satellites should be located in 12 orbital planes at an altitude of 1200 kilometers. The first batch of satellites was launched by Roscosmos, but it also got most of the launch contracts. Despite this, the operation of the system in Russia is in question: while OneWeb has not been able to obtain the necessary permissions from the Russian State Commission on Radio Frequencies.

At the end of March, OneWeb announced that it had filed for bankruptcy because it was unable to agree with investors on financing because of the global crisis caused by the coronavirus pandemic. According to the Finantial Times, the deal fell through a few hours before the next launch of the satellites, which after that they decided not to cancel. The company filed for a form of bankruptcy that allowed it to sell the assets of another organization so that the project could continue.

On July 3, OneWeb announced that the British government and Bharti Global Limited will become the new owners of the stake in the company. It is the British representative office of the Indian conglomerate Bharti Enterprises, which includes, among other things, the third largest mobile operator in the world – Bharti Airtel. Each of the new co-owners will invest $ 500 million.

The exact details of the deal are unknown, but Bloomberg reports that the new owners will receive shares of 45 percent, and the remaining 10 percent will go to current investors. Although OneWeb, Bharti Global Limited, and the British government have agreed on the terms, OneWeb lenders may reject the deal. It is expected that in the coming months the company will continue to launch satellites into orbit.

In a press release, OneWeb notes that India’s Bharti Airtel will use satellite communications in its networks. The benefit to the British government, in addition to the overall strengthening of its presence in space, is not called. However, before that, experts have repeatedly noted that this may be related to the UK’s plans to create its own satellite navigation system, which became known after the European Union decided to disconnect the country from its Galileo satellite system.

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Underworld

US coronavirus medicine will cost $ 3120

Gilead Sciences, an American biopharmaceutical company, has announced the value of its coronavirus drug. The general course of treatment for 5 days will have a price tag of $ 2,340.

Until September, remdesivir will be sold only in the United States. The cost of a full course of treatment for people with private insurance is $ 3,120, for an ampoule – $ 520. For patients with state insurance, as well as for patients from other countries, the price of the drug will be $ 2,340 per course and 390 per bottle.

Remdesivir was approved in early May for the treatment of coronavirus in the United States. Although the drug was originally developed to combat Ebola, it was not able to show visible results against this disease. But later, the drug had an effect in the treatment of SARS and MERS infections.

A large clinical study by the National Institute of Allergology and Infectious Diseases showed that the drug reduced recovery time by an average of four days, but did not affect the number of deaths.

Since the United States has a fairly large network of insurance institutions, the importance of remdesivir is not only in its benefit to the patient, but also for the healthcare system.

“Based on the example of the United States, an earlier discharge from the hospital will save her about $ 12 thousand per patient,” said Daniel O’Day, director general of Gilead Sciences.

Since receiving permission for emergency use of the drug, Gilead Sciences has transferred remdesivir to hospitals to treat patients. The last batches of donated drugs were distributed on Monday, June 29th.

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Underworld

In Germany, for almost 30 years, the authorities secretly gave orphans to pedophiles

In Germany, the University of Hildesheim published the final report on the scandalous Kentler project – a terrifying social experiment, during which for about 30 years children were given up for adoption to pedophiles, calling it molestation “socialization” and “sexual education,” Deutsche Welle writes.

In the 1960s in Germany, people in some circles viewed sex with children not as taboo, but as something progressive. One of the key figures in such thinking was Helmut Kentler, professor of psychology and pedagogy in Berlin. For a long time he was considered a seer and one of the most prominent sexologists in Germany. His books on education sold well, he was a popular expert and commentator on radio and television, and held leading positions in the Berlin center for educational research. 

The psychologist founded the theory of “emancipatory sexual education”, suggesting that children have the right to express their sexuality. Beginning in the 1970s, he conducted clinical trials in which pedophiles were allowed to adopt homeless teenage boys aged 13 to 15 for their “mutual benefit”. According to Kentler, pedophiles could become particularly loving adoptive parents.

By 1988, the professor summed up the results of the first stage of the experiments, calling it successful. He argued that sexual relations between adoptive fathers and minors are harmless and help adolescents quickly adapt to society and facilitate the process of growing up. The fact that the boys entered into adulthood with a broken psyche did not bother Kentler.

The experiments were secret, but were carried out with the full approval of the authorities of West Berlin. In his papers, the psychologist wrote that he “managed to enlist the support of responsible local authorities”: from academic institutions to state social welfare services.

For many years, the professor managed to convince the authorities of the normality of his ideas, so he was never prosecuted by the court. By the time his victims made statements, his statute of limitations had expired. The scandal flared up only in 2015; Kentler himself died in 2008.

When the full-scale investigation began, it turned out that there was a whole network in which officials from the Berlin Office for Juvenile Affairs, the city Senate and a number of educational institutions were involved. All of them “accepted, supported and defended” the experiment and its adult participants. In addition, it was possible to establish that among the adoptive fathers were, including eminent scientists from the Max Planck Institute, the Free University of Berlin and the Odenwald school, which are now suspected of pedophilia. (By the way, the Odenwald school was already the subject of litigation in 2014, when a case was launched on the corruption of minor students.) According to Marco and Sven, who became victims of the experiment, one person, The suspect in involvement in this system – the former head of the youth welfare service – is still alive. However, no investigation has yet been made.

The first report on the Kentler experiment was published in 2016 by the University of Gottingen. Researchers then stated that the Berlin Senate did not seem interested in clarifying the truth.

Berlin senator for youth and children Sandra Sheres called the results of the investigation of the University of Hildesheim “shocking and terrifying.” She openly expressed her sympathy for the victims and condemned the crimes, which she calls “simply unimaginable.” Although the statute of limitations for these crimes has expired, Sheres promised financial compensation for the suffering.

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