New deals come on top of the $400 billion energy pact signed in May solidifying the Sino-Soviet strategic alliance.
In a new report on “global governance” and “policy space for development,” the dictator-dominated United Nations blasted free markets and said it was time for what the outfit described as another “international ‘New Deal.’” The wild demand, issued by the UN “Conference on Trade and Development” in its recently released annual report, also included attacks on tax competition, along with calls for more wealth extraction from citizens to fund bigger government, abolishing financial privacy worldwide, and much more. Critics promptly ridiculed the UN outfit and its latest comments as obnoxious, inaccurate, and ideological. But the UN agency, which has previously called for global taxes and a world currency, has no intention of giving up.
As Switzerland’s central bank engages in controversial monetary-policy gimmicks to keep the Swiss franc from rising, voters will have an opportunity to start reining in the scheming next month. On November 30, the wealthy Alpine nation — among the last in the world to decouple its currency from gold — will hold a referendum on whether to force the Swiss National Bank (SNB) to hold a fixed portion of its assets in the precious metal. If approved, the implications for Switzerland, gold prices, precious-metals manipulation, and perhaps even the global fiat-currency regime could be enormous, analysts say.
Arkady Rotenberg and other pals of Putin may get reimbursed for any Western sanctions, while less favored oligarchs in the Russian billionaire club are taking a fall.