EU To Reduce Dependence On US Dollar As Sanctions Hit Trade With Iran

Source: https://eaworldview.com/

Plans to reduce European Union dependence on the US dollar have been rumoured for a while now, as China’s alternative to the Petrodollar continues to gain strength. The EU is not signing up to the move by Russia, China and the other BRICS bloc nations to replace the dollar but are thinking involvement with the emerging economies bid to break US economic hegemony will improve the 27 member Union’s ability to run an independent foreign policy without having to fear US bullying through sanctions for opposing Washinton’s attempts to dominate global political and economic events. The EU plan was unveiled on Wednesday by the European commission.

The proposal has gained support among European Union member states as companies in EU countries have felt presured to withdraw investments from Iran by the threat of punitive secondary sanctions from the US for any nation which permits its citizens or business community to trade with the Shi’ite Muslim theocracy.

The EU, unlike the US, wants to maintain the nuclear deal with Iran signed in 2015, but needs to deliver on its side of the bargain by increasing trade with Tehran. Less likely to be discussed in mainstream media is that European arms manufacturers, particularly those in Britain, Germany, France and, surprisingly perhaps, Sweden, will benefit greatly from a new arms race if they are in a position to supply both sides.

Iranian rulers are becoming impatient as the EU strives to create a financial mechanism to shield European exporters and importers from the effects of US sanctions on corporations, banks and individuals that continue to trade with Iran. US secondary sanctions can be applied on any European firm with links to the US market. I find this rather surprising as back in the 1960s when I studied economics, it was common knowledge that jurisdictions with lax trade regulation regimes like Panama or The Bahamas could be used to obfuscate paper trails and evade sanctions, tariffs and taxes.

The commission is perhaps reluctant to use Gibraltar’s port facilities for trans — shipping goods bound eventually for Iran because of the uncertain position of The Rock post Brexit. Instead Brussels is focusing on increasing the use of the euro in energy markets by creating a financial vehicle to facilitate settlement of oil contracts in the single currency, thus bypassing sanctions by avoiding any dollar transactions. Along with other such bilateral agreement systems, the plan is part of a longer-term move to “de-dollarise” the world economy.

Measures included in the EU policy involve using the euro as default currency in energy contracts agreed between EU member states and non-EU countries, as well as the creation of euro-denominated price benchmarks for crude oil. The EU is one of the world’s largest energy importers.

The commission press release also suggests the EU must develop “a full range of trustworthy interest rate benchmarks” in and a fully integrated instant payment system acceptable in all financial markets. The bloc will also seek to develop the role of the euro in foreign exchange markets.

In launching the long-term plan, EU economic affairs commissioner, Pierre Moscovici, said: “A wider use of the euro in the global economy yields important potential for better protecting European citizens and companies against external shocks and making the international finance and monetary system more resilient.”

The commissioner added these plans came “at a time where the recent global trends, the emergence of new economic powers along with the development of new technologies are supporting a potential shift towards a more diversified and multipolar system of several global currencies”.

Responding to the EU announcement an Iranian official said:
“Based on the news I recently received and was confirmed by a European commissioner, from now on, the EU is going to ditch the US dollar and just use the euro in the financial transactions of all European oil deals with other countries,” said Iran’s nuclear chief, Ali Akbar Salehi, on Thursday.

Speaking to reporters, the head of the Atomic Energy Organization of Iran (AEOI) said the amount of these transactions is more than €300 billion. “Previously, the EU used to pay 85 percent of the money for the oil it purchased from other countries in US dollars, but now with this new mechanism, all the money will be paid in euros,” he said.

Once the mechanism takes effect, the US dollar will be isolated as a global currency, and the US will no longer be able to use dollars in the current dominating way, Salehi added.

His comments came one day after the EU commission presented its plan to reduce the dollar’s overwhelming dominance of the global economy and to strengthen the role of the euro, particularly for energy transactions. There will be a lnee jerk reaction from the left of US politics, to blame Donald Trump for this development, the EU have already accused the Trump Administration of weaponising the reserve currency, although that is unfair because the US has used its position as holder of the reserve currency as a political weapon since the 1960s. In fact the move towards de-dolarisation, led by China, Russia and Iran, has been going on for some years now, the initial moves having been made early in the Obama era, though even before Obama took office there was widespread dissatisfaction with the way the USA used dollar dominance to influence political developments outside its borders. It has alredy attracted many trading partners, perhaps US economic belligerence is an attempt to combat this. If so it is the wrong approach.

European capitals have become increasingly frustrated with the global dominance of the dollar as a reserve currency, which hands the United States unparalleled diplomatic and economic power in a globalized world. This hostility was exacerbated when economic sanctions imposed on Russia after it’s annexation of Crimea in 2014. Many European nations were hit harder by those sanctions than Russia.

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Theresa May’s New Contempt Of Parliament Scandal

On a day that saw her government defeated three times in House of Commons votes on key Brexit issues, a new scandal has erupted around Theresa May’s dishonest and duplicitous  mismanagement of the Brexit process. The Prime Minister has now been accused of holding secret weekly Brexit meetings with pro EU Cabinet ministers and civil servants of which no record has been made, sparking accusations of a “conspiracy to derail Brexit”.

Political advisers to the Government are said to have been increasingly concerned about the meetings especially as May has increasingly sidelined elected MPs on her negotiating team and delegated responsibility for negotiations to rabidly pro EU civil servants such as Oliver ‘Oily’ Robbins. Mrs May’s Government has relied upon various ad hoc subcommittees to deal with Brexit since Article 50 was triggered in March 2017. But since the controversial Chequers summit this summer the Prime Minister has held weekly off-the-books meetings with her core (i,e, Remain supporting,) advisers and civil servants present.

Of the secret gatherings, one source told the London Evening Standard: “In terms of democracy this feels like a scandal.”

Other members of May’s government are, like their boss, being caught out of lies they have told to try and hide the extent of their surrender to the EU on Brexit. Labour MP and ardent supporter Kate Hoey challened the Attorney General over comments made by the Secretary of State of Northern Ireland about the backstop arrangement if it is enforced after the implementation period. Conservative frontbencher Karen Bradley claimed last week legislation in Northern Ireland would remain in line with the UK if the Brexit backstop was implemented. Speaking in the House of Commons, Kate Hoey claimed the remarks from the Secretary of State for Northern Ireland were “not accurate”.

She said: “The Attorney General has been very honest I think in the downside of this backstop. That’s even without the legal advice, so we dread what would actually be in it if we did see it.

“Could I ask him about the Secretary of State for Northern Ireland, who on Sunday in the Inside Northern Ireland politics with Mark Devenport, actually said ‘even if the backstop kicks in Great Britain will stick to the same rules as Northern Ireland’.

“Would the Attorney General have a word with her because she is going around Northern Ireland on a tour and saying some things which are actually not accurate, and giving the people of Northern Ireland the very wrong impression about what this agreement means.”

Mr Cox replied: “The regulatory regime in Great Britain will be a matter entirely for the Government of the United Kingdom.”

This echoed the comments made by The Prime Minister when she was questioned on the issue. Unfortunately as has now been revealed the so called backstop would leave Northern Ireland operating under EU jurisdiction and the UK could not terminate the agreement without the consent of all 27 EU member states, a move that Ireland’s government in Dublin have promised they would always veto. This is perhaps the worst aspect of the sellout deal made in secret by Theresa May (it rhymes with betray,) with the EU.

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EU regulations force UK fisherman to throw 2 tons of sea bass back into the sea

As that Canadian wanker who heads the Bank of England, Mark Carney, tries once again to meddle in British politics spreading hysterical, and completely false, warnings of economic disaster if we do not abandon Brexit and instead let our country become a vassals state of a Euronazi empire dominated by Germany, we bring you a story of one of the most disastrous policies of the European bureaucratic dictatorship, and its ruinous effects onour fishing industry and on the fish stocks it is intended to conserve.

from Plymouth Herald

A Plymouth trawlerman has spoken of his frustration at having to throw thousands of pounds worth of sea bass back into the water due to strict fishing quotas.

Joel Dunn shared a shocking video of the dead bass – worth £20,000 – being chucked back after a huge haul on Monday.

He said that restrictions on the amount of fish that can be landed costs him vital income, a situation that is particularly difficult in the run up to Christmas.

Fishermen say the rules, which were designed to conserve sea bass numbers, are costing them thousands and the fish often die when they are pulled from the water or soon after being tossed back.

“We brought up two tonnes of bass in just one day,” said Mr Dunn, 32.

The huge haul of bass that had to be thrown back (Image: Joel Dunn)

“After eating they lay on the bottom of the sea bed and we have no idea what’s down there until we bring it up.

“We were targeting cuttlefish and squid but the bass were right in with them.

“It used to be that bringing up a big haul of bass would only happen once or twice a year. But now it seems like a regular occurrence, it’s phenomenal really.

“Some of the fish were still moving in the boat but once they go back in the sea they often die if they haven’t already. It’s such a waste.

“At market that haul would be worth about £20,000.

“Our livelihoods are being put at risk due to these quotas.

Dutch lead rebel states angry at Macron in row threatening to TEAR APART bloc

It was bound to happen. Surely the Grandmother -fucking little crapaud didn’t believe hed get away with running round Europe proclaiming a Franco German alliance would force other member states into a federal superstate did he?

Because of the boy Macron’s stupidity France and the Netherlands have come to blows over a Dutch-led alliance within the European Union, in a row threatening to tear apart the unity of the bloc.

French Finance Minister, Bruno Le Maire, ambushed the EU’s new Hanseatic League – a group of small northern and Baltic countries – during a dinner in Paris claiming “closed clubs” threaten the future of the European project. His scathing attack prompted Dutch foreign minister, Wopke Hoekstra to hit back saying: “It is not one group against another.” The Dutch has spearheaded the Hanseatic League, which is an alliance between Ireland, Denmark, Sweden, Finland and the Baltic states of Latvia, Lithuania and Estonia.

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EU Consumer Groups Accuse Google Of Breaking Privacy Laws by Covertly Tracking Users


Watching your every move – picture: http://dericbownds.net/uploaded_images/google.gif

It seems we at The Daily Stirrer have been on Google’s case forever over their dishonesty, cavalier attitude to users right to privacy, their role as self – appointed censor of all internet content that does not conform to the politically correct pensée unique of Silicon Valley, and apparent belief that along with other internet tech corporations they are above the law. Well as long as Google keep up their world domination corporate policy, we will report their malfeasance.

European Union consumer groups from many member states have are trying to bring charges of further breaches of EU consumer protection laws against tech giant Google. The plaintiffs claim Google is covertly tracking user’s movements in ways not made clear in the terms of service.

Seven different consumer groups in EU member states have filed complaints against Google with national regulators this week in the Czech Republic, Greece, Netherlands, Norway, Poland, Slovenia and Sweden. The complaints all claim that the search and advertising firm is in violation of GDPR privacy laws because it tracks users movements. The complaints cite a study by the Norwegian Consumer Council which is claimed to prove that Google used “deceptive design and misleading information, which results in users accepting to be constantly tracked,” Phys.org reports.

Gro Mette Moen of the Norwegian Consumer Council said that “Google uses extremely detailed and comprehensive personal data without an appropriate judicial basis, and the data is acquired by means of manipulative techniques.” The consumer groups allege that Google is using technology that tracks users movements via their Location History and App Activity monitoring applications, all of which are linked to every users’ Google account.

The Norwegian study noted: “For users of mobile phones with Android (operating systems), such as Samsung and Huawei phones, this tracking is particularly difficult to avoid. Due to the wide use of the Google Android mobile operating system across Europe, with almost 70 percent of mobile phones in Europe running on the system, Google can use location tracking to gain a large amount of information on users.”

“Constant location tracking and analysis of location data over time may be used to create a very detailed profile of an individual’s work and social movements and to infer religious beliefs, political leanings, and sexual orientation, among other things,” the Norwegian council concluded.

Monique Goyens, director general of The European Consumer Organisation, commented: “Google’s data hunger is notorious but the scale with which it deceives its users to track and monetise their every move is breathtaking. The situation is more than alarming. Smartphones are being used for spying on our every move.”

Now the people who have called me a dinosaur because I refuse to have a smartphone might understand my attitude. I had a long career in Information Tevhnology and so I understand what they do and how. I also understand that it is more difficult for Android users to avoid Google tracking that for a Linux or Windows user on a PC.

As one would anticipate, Google responded to these claims by denying culpability: “Location History is turned off by default, and you can edit, delete, or pause it at any time. If it’s on, it helps improve services like predicted traffic on your commute. If you pause it, we make clear that—depending on your individual phone and app settings—we might still collect and use location data to improve your Google experience.”

Unfortunately it is widely known, and very easy to demonstrate that Google location tracking is not exactly ‘off’ when the Location History setting shows ‘off.’ Google have been caught in similar lies and deceptions many times in their twenty year life, in fact it is probably fair to say the Search Engine’s owners have been involved in more scandals per annum than any other company in the western world. but like so many other Silicon Valley upstarts, the senior management seem to think technology companies are above the law.

Google was recently fined 2.42 billion euro (2.72 billion U.S. dollars) by E.U. officials for breaching net neutrality rules with the company’s online shopping service by promoting search results for their own shopping sites above those of competitors. The ruling stated that Google was exploiting its market dominance in online searches, if it is found that Google has once again breached EU privacy laws the company could face more harsh fines and may even face being broken up into separate companies in the EU. President Trump has made a similar threat to the US operation though whether he is capable of making it happen is a different story.

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EU threatens to torpedo May’s Brexit deal as she lies to nation about her surrender.

Even as Theresa May stood in front of the nation and lied about the abject surrender to EU bullying that she is trying to see to British voters as a good deal when it will mean surrendering our sovereignty and lawmaking powers to unelected bureaucrats in Brussels, it looks as if the EU itself is not as united as we are being told.
As both sides prepare for a summit to finalise the deal, scheduled for Sunday, there are claims Angela Merkel is threatening to pull the plug on the gathering unless the outstanding issues are solved by tomorrow.  EU Commission President Jean Claude Drunkard’s deputy Valdis Dombrovskis warned that the summit would not definitely go ahead. ‘For that we will need to have agreed beforehand on the political declaration on the future relationship and we are not there yet,’ he said.

Asked if Mrs May was still going, her spokesman said: ‘A summit has been called, an agenda has been published and we look forward to attending.’

Mrs May thought she had managed to quell a Cabinet mutiny over the terms of the Withdrawal Agreement – albeit at the cost of two big resignations. A backbench coup attempt led by Jacob Rees-Mogg was also reported to have collapsed. However what actually happened is the conservative rebels understood May’s deal, or betrayal as we should call it for the sake of honesty, has no chance of being approved by Parliament, so why trigger a vote of confidence which they might lose, when in the event of May’s deal being defeated in The House Of Commons, the opposition parties will demand a vote of confidence in the government. The government would lose, May would resign, there would be a General Election and who knows what reult that would throw up.

May still thinks she can get her deal through of course, the woman is nothing if not stupid.
Read more: EU threatens to torpedo May’s Brexit deal as she sweeps into Brussels for talks: Merkel is poised to snub Sunday’s crucial summit which could be AXED amid bickering over fishing rights, trade deals and Gibraltar

Lying May Claims Deal Brings Back Control, Draft Agreement Does The Opposite

teresa-may-negotiatorTeresa May shows off her negotiating technique
(this is the other Teresa May, the porn star, of course – picture Porn Hub)

Our most despicable, dishonest, anti – British Prime Minister to date (and we’ve had some stinking shits over the past few decades, stood outside her official residence, 10 Downing Street today, and blatantly lied to the nation, claiming her Brexit deal with the struck yesterday with the European Union, was the right one for Britain and will give us back control of our laws, our fishing rights, our borders and our ability to make trade deals with non – EU nations — but even as she spoke details of this obnoxious old slapper’s latest betrayal were leaking out and it was becoming clear she has sold us out. If the united Kingdom leave the EU on the terms this traitor has agreed it will mean the United Kingdom becomes a vassal state, we would have to accept supremacy of EU law over laws passed by our sovereign parliament, the EU will dictate our borders policy and we will require permission from the EU to conclude trade deals with any non – EU nations. And the French, Spanish and Portuguese are still demanding that their factory ship continue to be allowed to plunder our fishing grounds..

Telling the news cameras that she had tasked British negotiators to work overnight to get an agreement on the draft document, Theresa May said: “this is the right deal for the UK. It delivers on the vote of the referendum, it brings back control of our borders, our money, and our laws, and it does so while protecting jobs, protecting our security, and protecting the integrity of the United Kingdom.”

All we can say is does the bitch think we are as stupid as her university brainwashed backbench MPs? Only a fucking idiot would believe this crap. Fortunately there is little chance of the deal being accepted by parliament. Labour, scenting a general election and a massive victory, will vote against it, the DUP will vote against it and rumour has it that as many as 66 Conservative members will vote against it.

Then she is in for another major shock on Sunday, since the Italians will be holding their vote hostage over their budget battle with the EU Mafia Dons.
On Saturday, PM Conte is meeting with Juncker over the Italian budget, and he stated publicly yesterday, unless Brussels approves our budget prior to Sunday, we will vote against the Brexit deal. Brussels will never approve the budget, since they fear Italy bringing down the single currency more than they fear a Brexit domino effect with Poland, Hungary, Greece and a few others following us out of the union.

There is another fly in the ointment for May’s deal now. Spain’s new far – left (Stalinist) socialist PM, Pedro Sanchez is threatening to vote against the Brexit deal over Gibralter. He is also,evolving into rather a power hungry nutter, threatening to wrest control of the EU from Germany and France, whose banks have enormous exposure to spanish debt. Sanchez wants to prove Spain can be the tough guys, that is another reason for his no vote.

Then there is Poland, who have threatened a no vote, saying Britain can get a better deal, and they will fight for us to get a better one,

If Poland votes no, you can bet Orban will follow their lead,

So, it seems Treasonous Tessie will be returning across the channel, once again, with her devil’s tail shoved firmly up her fat old arse!