Police Declare Childhood Autism as ‘Reasonable Suspicion’ for Detainment, Assault

autismautism

Buckeye, AZ — Following a national outcry surrounding the violent takedown of an autistic boy by Officer David Grossman, the Buckeye Police Department is in damage control mode. In a press conference, BPD spokesperson Tamela Skaggs addressed reporters in an effort to explain to the public why Grossman confronted Connor Leibel, a 14-year-old autistic boy.

Skaggs described Grossman as a “drug recognition expert” with the department’s patrol division. As The Free Thought Project has reported, officers can attend a weekend training seminar where they learn how to escalate traffic stops under suspicion of drug use and charge more motorists with “driving under the influence of drugs,” even though many who are charged had no drugs in their system at all.

Reporters immediately questioned how a so-called “drug recognition expert” could not immediately recognize that Leibel was first, a juvenile, and second, a person with special needs—instead of someone who was high on drugs as Grossman admitted he believed Leibel to be. Skaggs said she could not begin to speculate or “get into his [Grossman’s] mind,” but said Leibel’s behavior was suspicious enough to make contact with him, apprehend him when he pulled away, and detain him.

However, Skaggs stopped short of saying Grossman took Leibel violently to the ground. Instead, she said the two both fell to the ground together. Leibel’s family maintains their son was injured in the process — having the photos to prove it — and they are demanding an apology from Grossman, for the officer to undergo community service within the Autism community, and additional training for the entire department.

When asked what are some of the things the Buckeye Police Department can and has learned from this, Skaggs said her officers may now be able to recognize stimming activity is a sign of autism and not drug use.

Another reporter brought up the hypothetical situation that could have played out if Leibel had put his hands in his pockets and refused to remove them. What would have happened in that case? Would he have been mistaken as having been in possession of a deadly weapon, and would he have been shot by the officer? Those questions and more were asked of Skaggs, but she said she would not be able to comment on the hypotheticals. She insisted that she wanted to focus on what did happen to the young autistic boy.

As TFTP reported on Tuesday:

Grossman approached Leibel and asked him what he was doing. The autistic boy responded with “good” and that he was “stimming” — short for self-stimulation — the often repetitive actions, movements, and sounds many if not most autistic individuals make to calm and stimulate themselves.

“I’m okay. I’m okay,” Connor screamed as the man he was likely always was told by his family was there as a protector, in that moment, became his tormentor.

Anyone who knows anything about working with autistic individuals knows how to spot someone who is likely autistic. There are the tell-tale signs of repetitive behaviors, rocking motions, awkward social interactions, and inappropriate speech responses in some. And one thing experts also know is autistic individuals get extremely agitated, anxious, and sometimes combative when they’re touched.

Grossman grabbed Connor as the young teenager attempted to walk away from the officer, an action which was well within his civil rights since he was not a suspect in any crime. But Grossman quickly told him not to walk away and attempted to place the boy in handcuffs after grabbing him by the arm.

When Connor attempted to pull away, Grossman took him to the ground and held him there until backup arrived, all the while Connor was screaming in agony and trying to mentally make sense of everything happening to him.

“Don’t move…Stop moving…Don’t you move, you understand?” Grossman told the boy as a dangerous situation could have quickly gotten out of hand. If the boy had reached back and grabbed Grossman’s gun, what would have happened then?

“Why are you acting like this Connor,” he asked. “Cause I’m okay,” the boy replied.

The young boy’s aunt, Diane, heard all the child’s screams and approached the scene. She told Grossman she was sorry if her nephew had done anything wrong but stated he had autism. “He’s fighting with me,” the officer said being completely untruthful with the boy’s guardian.

At that moment, the officer should have removed his hands from the boy and allowed him to get to his feet. Instead, he held him down (a no, no with autistic individuals) for what must have been agonizing minutes until his backup arrived.

“He’s doing something with his hands…I don’t know what that is,” the officer stated. “You don’t have anything (drugs) on you do you,” he ignorantly asked again.

Predictably, the Buckeye Police Department investigated the incident with Grossman and concluded “no use of force” occurred in dealing with the teen. But his body and the pictures of the damage to his body, tell a different tale. There are bruises, scrapes, and cuts on the autistic boy’s torso that were inflicted as a result of the fact that a poorly trained “drug recognition expert” could arguably not tell the difference between someone who is on drugs and someone who is autistic.

Following the incident, which took place on June 19, the Buckeye Police Department conducted their own internal investigation and concluded Leibel’s autism led to “suspicious behavior” which gave officer Grossman “reasonable suspicion” to believe Leibel was under the influence of drugs.

Just like that, a young man’s autism was declared to be a justified reason for his detainment and physical assault — in the land of the free.

They cleared the officer of all wrongdoing but added he may need to get additional training in being able to detect the difference between drug use and behavioral issues.

Watch the Body Cam footage below:

Source Article from http://thefreethoughtproject.com/autism-reasonable-suspicion-police/

More Young Americans Declare College a Rip-Off

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Why are so many young people callinga college a waste of money? The better question may be, "Why are 11.7 million trade jobs going unfilled each year and foreign workers are brought in with work visas?"

Why are so many young people callinga college a waste of money? The better question may be, “Why are 11.7 million trade jobs going unfilled each year and foreign workers are brought in with work visas?” And with a $1.3 trillion dollar student loan debt, who can blame our young adults for viewing college as a rip-off?

 

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Scientists declare that testosterone impacts stock market trading decisions, but reject the politically incorrect notion that estrogen feminizes males

Image: Scientists declare that testosterone impacts stock market trading decisions, but reject the politically incorrect notion that estrogen feminizes males

(Natural News)
Housing bubbles, inflation, stock market crashes, and other financial woes apparently aren’t the result of fiat currencies being manipulated by private central banks, according to a new study. No, it’s testosterone, the essence of manhood, that some researchers say is directly responsible for causing financial turmoil, and that it needs to be curtailed.

It sounds ridiculous (and it is), but researchers from the University of Oxford, Ivey Business School, and Claremont Graduate University actually spent money surmising how being a male involved in finance is somehow a detriment to the world’s financial stability. After studying the behavioral patterns of 140 male stock market traders, these researchers determined that testosterone directly affects how men buy, sell, and trade.

While testosterone has long been recognized as having a positive effect in decision-making, helping men to be clear, resolute, firm when going about their business, this new study attempts to paint testosterone in a negative light. Being a man, according to the study, means bidding and selling at much higher prices, apparently, and this somehow creates stock market bubbles.

After giving men treatments with Androgel, a testosterone replacement therapy, and comparing their trading habits with other men not given this drug, the researchers concluded that testosterone is what drives up prices and destabilizes markets. The inference, of course, is that if females were doing the trading, none of this would happen.

“In this paper, we show that exogenously increasing testosterone in men increases bid prices and asset price bubbles, and slows the incorporation of fundamental value,” stated Dr. Amos Nadler, an assistant professor of finance at Ivey, and one of the study’s researchers.

“We also show how the changes in buying and selling pressures give rise to bubbles and subsequent crashes. These results demonstrate the effects of a specific hormone, testosterone, on male traders in experimental markets.”

British research hacks call for ‘cool down’ period of male involvement in financial markets

Completely ignoring the Federal Reserve’s role in the matter with its endless printing of fake money backed by nothing, these researchers place nearly all of the blame for the world’s financial problems on testosterone and men. They’re even going so far as to suggest a so-called “cool down” period in which men will apparently not be allowed to trade – for the betterment of the world, of course.

This type of anti-male faux science seems to be cropping up all over the place these days, with another recent study out of California suggesting that women have more active brains than men, even though men and women are equal in every way, according to the purveyors of political correctness.

What’s further interesting about this latest study is its suggestion that “feminizing” the financial markets will be some kind of remedy for the world’s financial woes. There’s a clear distinction being made between testosterone and estrogen, in other words, even though the very same scientific status quo pushing such nonsense about testosterone affecting finances rejects the idea that estrogen is in any way feminizing to men.

These junk science gurus can’t have it both ways, but they obviously don’t care and hope that the world will accept their tripe without question. Not only is it absolutely absurd to suggest that manhood is responsible for economic failures, but it’s absolutely insane to claim that exposure to feminizing chemicals isn’t harmful to men, which is what the media establishment wants people to believe.

The researchers in this latest study basically admitted this when, in conclusion, they declared that it’s important to gain “a better understanding of when and how hormones assert their influence – such as through exponentially positive feedback cycles that are unsupported by fundamentals or technical indicators.”

Sources for this article include:

DailyMail.co.uk

NaturalNews.com

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Source Article from http://www.naturalnews.com/2017-09-03-scientists-declare-that-testosterone-impacts-stock-market-trading-decisions-but-reject-the-politically-incorrect-notion-that-estrogen-feminizes-males.html

Petition To Declare George Soros ‘Terrorist’ and Seize His Assets Gains 75,000 Signatures

The petition was initially launched on August 20 by “E.B.” on the White House petitions website and has gained more than 70,500 signatures as of Friday morning. If it reaches the threshold of 100,000 signatures before September 19, the White House will have to provide a formal response.

The creators of the petition on the website ‘We the People’ say that Soros has “willfully” tried to “destabilize and otherwise commit acts of sedition against the United States and its citizens.” To achieve these goals, the author says,“Soros has created multiple organizations with a sole purpose is to apply Alinsky model terrorist tactics to destroy the US government.”

The “Alinsky model” refers to American community organizer and writer Saul Alinsky. In his book ‘Rules for Radicals,’ he outlines 13 rules for political struggle to seize power.

The petition calls on the Department of Justice to “immediately declare George Soros and all of his organizations and staff members to be domestic terrorists, and have all of his personal an organizational wealth and assets seized under Civil Asset Forfeiture law.”

Another recent high-profile petition, which has already exceeded the 100,000-signature threshold by three times, calls on US President Donald Trump to classify the Antifa activist group as a terrorist organization, accusing them of violence at demonstrations and incitement to kill police.

The White House, however, has left almost a dozen petitions unanswered since Donald Trump took office in February, and is considering shutting the service down.

George Soros is a Hungarian-American billionaire with a net worth of $25 billion and 33rd richest man in the world, according to Forbes. The 87-year-old investing heavyweight is behind many organizations and projects, some of which have been the target of criticism for years. His Open Society Foundation, along with USAID and the National Endowment for Democracy, have been accused of fomenting color revolutions to install governments friendly to the US – from Serbia in 2000 to Ukraine in 2014.

Source Article from https://worldtruth.tv/petition-to-declare-george-soros-terrorist-and-seize-his-assets-gains-75000-signatures/

Petition to declare George Soros ‘terrorist’ and seize his assets gains 70k signatures









 






In less than a fortnight, more than 70,000 people have signed a petition accusing billionaire investor George Soros of sedition against the US and demanding that he and his affiliates be declared “domestic terrorists” and that his assets be seized.

The petition was initially launched on August 20 by “E.B.” on the White House petitions website and has gained more than 70,500 signatures as of Friday morning. If it reaches the threshold of 100,000 signatures before September 19, the White House will have to provide a formal response.

The creators of the petition on the website ‘We the People’ say that Soros has “willfully” tried to “destabilize and otherwise commit acts of sedition against the United States and its citizens.” To achieve these goals, the author says, “Soros has created multiple organizations with a sole purpose is to apply Alinsky model terrorist tactics to destroy the US government.”

The “Alinsky model” refers to American community organizer and writer Saul Alinsky. In his book ‘Rules for Radicals,’ he outlines 13 rules for political struggle to seize power.

The petition calls on the Department of Justice to “immediately declare George Soros and all of his organizations and staff members to be domestic terrorists, and have all of his personal an organizational wealth and assets seized under Civil Asset Forfeiture law.”

Another recent high-profile petition, which has already exceeded the 100,000-signature threshold by three times, calls on US President Donald Trump to classify the Antifa activist group as a terrorist organization, accusing them of violence at demonstrations and incitement to kill police.

The White House, however, has left almost a dozen petitions unanswered since Donald Trump took office in February, and is considering shutting the service down.

George Soros is a Hungarian-American billionaire with a net worth of $25 billion and 33rd richest man in the world, according to Forbes. The 87-year-old investing heavyweight is behind many organizations and projects, some of which have been the target of criticism for years. His Open Society Foundation, along with USAID and the National Endowment for Democracy, have been accused of fomenting color revolutions to install governments friendly to the US – from Serbia in 2000 to Ukraine in 2014.

Source




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Will Congress and Trump Declare War on WikiLeaks?

[8/31/17/ RON PAUL]  The Senate Intelligence Committee recently passed its Intelligence Authorization Act for 2018 that contains a chilling attack on the First Amendment. Section 623 of the act expresses the “sense of Congress” that WikiLeaks resembles a “non-state hostile intelligence service often abetted by state actors and should be treated as such.” This language is designed to delegitimize WikiLeaks, encourage the federal government to spy on individuals working with WikiLeaks, and block access to WikiLeaks’ website. This provision could even justify sending US forces abroad to arrest WikiLeaks founder Julian Assange or other WikiLeaks personnel.

WikiLeaks critics claim that the organization’s leaks harm US national security. However, these critics are unable to provide a single specific example of WikiLeaks’ actions harming the American people. WikiLeaks does harm the reputations of government agencies and politicians, however. For example, earlier this year WikiLeaks released information on the CIA’s hacking program. The leaks did not reveal any details on operations against foreign targets, but they did let the American people know how easy it is for the government to hack into their electronic devices.

For the last year, most of the news surrounding WikiLeaks has centered on its leak of emails showing how prominent Democrats worked to undermine Senator Bernie Sanders’ presidential campaign. In order to deflect attention from these revelations, Democrats, aided by their allies in the media and even some Republicans, promulgated a conspiracy theory blaming the leaks on Russian hackers working to defeat Hillary Clinton. Even though there is no evidence the Russians were behind the leaks, many in both parties are still peddling the “Putin did it” narrative. This aids an effort by the deep state and its allies in Congress and the media to delegitimize last year’s election, advance a new Cold War with Russia, and criminalize WikiLeaks.

If the government is successful in shutting down WikiLeaks by labeling it a “hostile intelligence service,” it will use this tactic to silence other organizations and websites as well. The goal will be to create a climate of fear to ensure no one dares publish the revelations of a future Edward Snowden or Chelsea Manning.

Some have suggested that criticizing police brutality, the surveillance state, the Federal Reserve, or even federal spending aids “hostile foreign powers” by weakening the people’s “trust in government.” This line of reasoning could be used to silence, in the name of “national security,” websites critical of the welfare-warfare state.

By labeling WikiLeaks a “hostile intelligence service” and thus legitimizing government action against the organization, the Senate Intelligence Authorization Act threatens the ability of whistleblowers to inform the public about government misdeeds. It also sets a precedent that could be used to limit other types of free speech.

President Trump should make it clear he will veto any bill giving government new powers to silence organizations like WikiLeaks. If President Trump supports the war on WikiLeaks, after candidate Trump proclaimed his love for WikiLeaks, it will be further proof that he has outsourced his presidency to the deep state.

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WikiLeaks founder Julian Assange, along with notable whistleblowers, foreign policy experts, and leading champions of peace and liberty, will be addressing this important issue at my Institute for Peace and Prosperity’s conference on Saturday, September 9 at the Dulles Airport Marriott Hotel in Dulles, Virginia outside of Washington, D.C. You can get more information about the conference and purchase tickets at the Ron Paul Institute.

Source Article from http://govtslaves.info/will-congress-trump-declare-war-wikileaks/

South Korea warns Trump only it can declare war on North Korea

    

A day after US Joint Chiefs of Staff Chairman Joseph Dunford promised him that the US would exhaust all diplomatic options, including another round of UN sanctions, before resorting to a “military solution” in its simmering conflict with North Korea, South Korean President Moon Jae-in reminded Washington during a forceful Tuesday speech that the US would need to seek, and receive, South Korea’s consent before risking another armed conflict on the Korean peninsula, signaling his country will no longer stay quiet as tensions escalate with its northern neighbor.

As Bloomberg summarizes, “Moon asserted the right to veto any military action against Kim Jong Un’s regime, saying that decision should be made by “ourselves and not by anyone else.” He vowed to prevent war at any cost – a statement that drew a sharp contrast with President Donald Trump, who has warned of “fire and fury” if North Korea continues to threaten the U.S.”

Some highlights from his speech:

  • “Without South Korea’s consent no one can determine military actions on the Korean peninsula”
  • South Korea govt will prevent war at any cost; “There will be no war repeated on the Korean peninsula”
  • South Korea will work closely with U.S. to overcome security threats posed by North Korea’s nuclear missiles
  • South Korea govt will “strengthen diplomatic efforts in order not to shake principles for a peaceful resolution”
  • Sanctions and talks should go together; “Sanctions are not to heighten military tensions but to bring North Korea to talks”

Moon’s speech coincided with the Korean independence-day holiday on Tuesday, which is celebrated in both the North and the South. The holiday commemorates the defeat of the Japanese during World War II. According to Yonhap news agency, Moon marked the occasion by visiting the graves of independence fighters. Meanwhile, Moon’s counterpart, North Korean leader Kim Jong Un, “celebrated” by backing off his threat to launch a nuclear strike against Guam, a US territory in the Pacific Ocean that’s about 2,000 miles away from the Korean Peninsula – well within the range of the North’s missiles.

According to KCNA, the North Korean news agency, Kim has received a report from the army about its plans to strike the area around Guam and said, “he will watch the actions of the United States for a while longer before making a decision.”

Moon, a leftist politician who has advocated for closer ties with the North, “extended the olive branch” during his speech, offering a “fresh invitation” to diplomatic talks if its isolated neighbor would suspend its missile tests. Here’s more from WSJ:

“President Moon Jae-in extended the latest olive branch to North Korea in a speech Tuesday on the 72nd anniversary of Japan’s surrender in World War II. He called on the regime to suspend nuclear and missile tests as a precondition for talks, and offered a fresh invitation for the North to attend next year’s Winter Olympics in South Korea. But in a message, that appeared to be aimed at Washington, he said that allied military action could only be taken on the Korean Peninsula with the consent of South Korea, an implicit signal that Mr. Moon wouldn’t tolerate any unilateral action by the U.S. to strike North Korea following weeks of escalating tensions.

‘War must never break out again on the Korean Peninsula. Only the Republic of Korea can make the decision for military action on the Korean Peninsula,’ he said, using the country’s formal name.”

A day after China banned key imports from North Korea in accordance with new UN sanctions passed two weeks ago, Moon called for “further sanctions” against the Kim regime if talks fail to produce a “peaceful solution.”

“Mr. Moon reiterated his support for further sanctions on North Korea, saying such an approach could help bring Pyongyang to the negotiating table. He argued that the last time North Korea agreed to a moratorium on nuclear and missile testing, its relations with South Korea, the U.S. and Japan improved.”

Historically speaking, relations with North Korea tend to improve when the international community levies sanctions while also focusing on dialogue, according to WSJ.

“The past history of the North Korean nuclear problem showed that a clue to resolving the problem was found when sanctions were combined with dialogue,” he said.”

“Mr. Moon, South Korea’s first left-leaning president in nearly a decade, has called for closer cooperation with North Korea. In his speech Tuesday, Mr. Moon appeared to push for more independence from the U.S. on military affairs, though he emphasized, on two separate occasions, that his position wasn’t different from Washington’s.

“We cannot rely only on our ally for our security,” Mr. Moon said. ‘When it comes to matters related to the Korean Peninsula, our country has to take the initiative in resolving them.'”

Luckily, the US and South Korea largely agree on how to handle North Korea, and both see nuclear annihilation as an unacceptable option, according to the Associated Press.

“Moon said his South Korean government “will put everything on the line to prevent another war in the Korean Peninsula.” He says the “North Korean nuclear program should absolutely be solved peacefully, and the (South Korean) government and the U.S. government don’t have a different position on this.”

Meanwhile, in the surest sign yet that the US and the North are engaging in back-channel talks, the North Korean state-owned television channel KCNA reported that further releases of Americans detained in NK were not being discussed, according to the AP.

“A short dispatch from state news agency KCNA said Tuesday that a foreign ministry spokesman made the statement in response to foreign media reports that talks are ongoing. It did not identify which media.

The Associated Press reported last week that a U.S. envoy and his North Korean counterpart have discussed three other Americans being held in North Korea.”

In other news, Lt. Gov. Ray Tenorio – who just yesterday taunted the North by saying bully” Kim Jong Un deserved a “punch in the nose” – expressed relief that North Korea appears to be holding off on an imminent launch of missiles into waters near the U.S. territory in the Pacific, the AP reported. China has also urged the two sides to iron out their difficulties during talks. We now await the next update from President Donald Trump to confirm whether détente is truly on the table.

Source Article from https://www.sott.net/article/359273-South-Korea-warns-Trump-only-it-can-declare-war-on-North-Korea

Report indicates Israeli PM seeks powers to declare war without full government support

    

The Justice Ministry of Israel is reportedly working on a draft amendment to the Basic law, according to Israeli Channel 2 TV broadcaster. The bill would make it easier for the prime minister to start military operations or even declare war.

If adopted, the initiative would enable the prime minister to declare war or get approval for military operations without the approval of all members of the Security Cabinet, a special body within the Israeli Cabinet designed to outline defense policies.

According to Channel2, the bill aims to give the full cabinet the power to authorize the Security Cabinet to make war-related decisions even if not all members of the security cabinet are present. The initiative also means that the full cabinet would not need to be briefed on the Security Cabinet’s decisions. Consequently, the bill simplifies the process of declaring a war or taking steps that could escalate a military operation into a war.

The Israeli TV channel cites the fear of security leaks as the motive behind the Justice Ministry’s and Prime Minister Netanyahu’s efforts.

The Knesset, Israel’s legislative body, could reportedly vote on the draft amendment in October.

The news has so far not been officially refuted or confirmed by the Prime Minister’s Office.

Source Article from https://www.sott.net/article/359186-Report-indicates-Israeli-PM-seeks-powers-to-declare-war-without-full-government-support

Commission to Trump: Declare National Emergency over Opioid Epidemic

President Trump’s opioid commission has urged him to declare a national state of emergency over America’s burgeoning opioid crisis. The recommendation comes from a preliminary draft of the commission’s report. [2]

By declaring an emergency, Trump’s cabinet would be able to take action, and Congress would be forced to fund potential solutions to the epidemic.

Drug overdoses likely killed more people in 2016 than the entire Vietnam War. The previous year, opioid overdoses claimed the lives of more people than car crashes, gun violence, and HIV/AIDs combined, when the AIDS epidemic was at its height in 1995.

The commission says in the report:

“With approximately 142 Americans dying every day, America is enduring a death toll equal to September 11th every three weeks. After September 11th, our President and our nation banded together to use every tool at our disposal to prevent any further American deaths.

Your declaration would empower your cabinet to take bold steps and would force Congress to focus on funding and empowering the Executive Branch even further to deal with this loss of life.”

Read: UN Says It Will Monitor the Fentanyl Market

The lawmakers made several other recommendations, including:

  • Grant waiver approvals for all 50 states to get rid of treatment barriers in the Medicaid program that exclude the federal Institutes for Mental Diseases.
  • Mandate education initiatives with the assistance of medical and dental schools, and by amending the Controlled Substances Act, to require that prescribers receive better training about the treatment of pain and addiction.
  • Provide federal support for state-based prescription drug monitoring programs. This will allow doctors to closely monitor a patient’s prescription drug history, to spot patients who might be doctor shopping for more opioids, or if a patient has a history of abusing drugs.
  • Provide more funding for research into non-opioid painkillers.
  • Boost efforts to block illegal fentanyl shipments.

The commission warns in the report that “If this scourge has not found you or your family yet, without bold action by everyone, it soon will.” [2]

They go on:

“You, Mr. president, are the only person who can bring this type of intensity to the emergency and we believe you have the will to do so and to do so immediately. Our citizens are dying. We must act boldly to stop it.”

The Commission on Combating Drug Addiction and the Opioid Crisis is chaired by New Jersey Gov. Chris Christie (R), Massachusetts Gov. Charlie Baker (R), North Carolina Gov. Roy Cooper (D), former Rep. Patrick Kennedy (D), and Dr. Bertha Madras.

Sources:

[1] Vox

[2] USA Today


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About Julie Fidler:

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Julie Fidler is a freelance writer, legal blogger, and the author of Adventures in Holy Matrimony: For Better or the Absolute Worst. She lives in Pennsylvania with her husband and two ridiculously spoiled cats. She occasionally pontificates on her blog.

Source Article from http://naturalsociety.com/commission-declare-national-emergency-opioid-epidemic-1515/

Russia & China Declare All Out War on US Petrodollar — Prepare for Exclusive Trade in Gold

petrodollarpetrodollar

The formation of a BRICS gold marketplace, which could bypass the U.S. Petrodollar in bilateral trade, continues to take shape as Russia’s largest bank, state-owned Sberbank, announced this week that its Swiss subsidiary had begun trading in gold on the Shanghai Gold Exchange.

Russian officials have repeatedly signaled that they plan to conduct transactions with China using gold as a means of marginalizing the power of the dollar in bilateral trade between the geopolitically powerful nations. This latest movement is quite simply the manifestation of a larger geopolitical game afoot between great powers.

According to a report published by Reuters:

Sberbank was granted international membership of the Shanghai exchange in September last year and in July completed a pilot transaction with 200 kg of gold kilobars sold to local financial institutions, the bank said.

Sberbank plans to expand its presence on the Chinese precious metals market and anticipates total delivery of 5-6 tonnes of gold to China in the remaining months of 2017.

Gold bars will be delivered directly to the official importers in China as well as through the exchange, Sberbank said.

Russia’s second-largest bank VTB is also a member of the Shanghai Gold Exchange.

To be clear, there is a revolutionary transformation of the entire global monetary system currently underway, being driven by an almost perfect storm. The implications of this transformation are extremely profound for U.S. policy in the Middle East, which for nearly the past half century has been underpinned by its strategic relationship with Saudi Arabia.

THE RISE & FALL OF THE PETRODOLLAR

The dollar was established as the global reserve currency in 1944 with the Bretton Woods agreement, commonly referred to as the gold standard. The U.S. leveraged itself into this power position by holding the largest reserve of gold in the world. The dollar was pegged at $35 an ounce — and freely exchangeable into gold.

By the 1960s, a surplus of U.S. dollars caused by foreign aid, military spending, and foreign investment threatened this system, as the U.S. did not have enough gold to cover the volume of dollars in worldwide circulation at the rate of $35 per ounce; as a result, the dollar was overvalued.

America temporarily embraced a new paradigm in 1971, as the dollar became a pure fiat currency (decoupled from any physical store of value), until the petrodollar agreement was concluded by President Nixon in 1973.

The quid pro quo was that Saudi Arabia would denominate all oil trades in U.S. dollars, and in return, the U.S. would agree to sell Saudi Arabia military hardware and guarantee the defense of the Kingdom.

A report by the Centre for Research on Globalalization clarifies the implications of these most recent moves by the Russians and the Chinese in an ongoing drive to replace the US petrodollar as the global reserve currency:

Fast forward to March 2017; the Russian Central Bank opened its first overseas office in Beijing as an early step in phasing in a gold-backed standard of trade. This would be done by finalizing the issuance of the first federal loan bonds denominated in Chinese yuan and to allow gold imports from Russia.

The Chinese government wishes to internationalize the yuan, and conduct trade in yuan as it has been doing, and is beginning to increase trade with Russia. They’ve been taking these steps with bilateral trading, native trading systems and so on. However, when Russia and China agreed on their bilateral US$400 billion pipeline deal, China wished to, and did, pay for the pipeline with yuan treasury bonds, and then later for Russian oil in yuan.

This evasion of, and unprecedented breakaway from, the reign of the US dollar monetary system is taking many forms, but one of the most threatening is the Russians trading Chinese yuan for gold. The Russians are already taking Chinese yuan, made from the sales of their oil to China, back to the Shanghai Gold Exchange to then buy gold with yuan-denominated gold futures contracts – basically a barter system or trade.

The Chinese are hoping that by starting to assimilate the yuan futures contract for oil, facilitating the payment of oil in yuan, the hedging of which will be done in Shanghai, it will allow the yuan to be perceived as a primary currency for trading oil. The world’s top importer (China) and exporter (Russia) are taking steps to convert payments into gold. This is known. So, who would be the greatest asset to lure into trading oil for yuan? The Saudis, of course.

All the Chinese need is for the Saudis to sell China oil in exchange for yuan. If the House of Saud decides to pursue that exchange, the Gulf petro-monarchies will follow suit, and then Nigeria, and so on. This will fundamentally threaten the petrodollar.

According to a report by the Russian government media, significant progress has been made in promoting bilateral trade in yuan, between the two nations, as the first step towards an even more aambitiousplan—using gold to make transactions:

One measure under consideration is the joint organization of trade in gold. In recent years, China and Russia have been the world’s most active buyers of the precious metal.

On a visit to China last year, deputy head of the Russian Central Bank Sergey Shvetsov said that the two countries want to facilitate more transactions in gold between the two countries.

In April, Sberbank expressed interest in financing the direct import of gold to India—also a BRICS member. Make no mistake that a BRICS gold marketplace could be used to bypass the dollar in bilateral trade, and undermine the hegemonic control enjoyed by the US petrodollar as the global reserve currency.

“In 2014 Russia and China signed two mammoth 30-year contracts for Russian gas to China. The contracts specified that the exchange would be done in Renminbi [yuan] and Russian rubles, not in dollars. That was the beginning of an accelerating process of de-dollarization that is underway today,” according to strategic risk consultant F. William Engdahl.

Russia and China are now creating a new paradigm for the world economy and paving the way for a global de-dollarization.

“A Russian-Chinese alternative to the dollar in the form of a gold-backed ruble and gold-backed Renminbi or yuan, could start a snowball exit from the US dollar, and with it, a severe decline in America’s ability to use the reserve dollar role to finance her wars with other peoples’ money,” Engdahl concludes.

Source Article from http://thefreethoughtproject.com/russia-china-petrodollar-gold/