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Israel Urges Jews To Leave France, Suspends “Working Ties” With Countries That Voted For UN Resolution

In an unexpected escalation that was not the result of Israel’s angry response to Friday’s UN vote which passed a resolution condemning the country’s Palestinian settlements, and which the US refused to veto,  Israeli Defense Minister Avigdor Lieberman on Monday called on French Jews to leave their country to protest a Paris-hosted conference planned for next month aimed at restarting Palestine-Israel peace talks, Israeli daily Yedioth Ahronoth has reported.


Avigdor Lieberman

According to Turkey’s Anadolu news agency, the Israeli government has repeatedly stated in recent months that it would not participate in the conference, which is scheduled to be held on Jan. 15 with the participation of representatives from 70 countries. Speaking at a meeting of his right-wing Yisrael Beiteinu party, Lieberman reportedly said: “Perhaps it’s time to tell the Jews of France, ‘This isn’t your country, this isn’t your land. Leave France and come to Israel’.”

“That’s the only response to this plot,” Lieberman added, in reference to the planned conference.

He also criticized the timing of the event, which will be held shortly before French presidential elections. “With France going to elections soon, this is not the time for a peace summit,” the newspaper quoted Lieberman as saying. “It [the planned conference] is a tribunal against the State of Israel.” He added: “This summit’s entire purpose is to undermine the State of Israel’s security and tarnish its good name.”

According to the website of the Jewish Agency for Israel (a para-statal organization responsible for Jewish immigration to Israel), an estimated 1.5 million Jews live in Europe, roughly 600,000 of whom reside in France. According to Jewish Agency data, some 8,000 French Jews immigrated to Israel last year. An earlier report issued by the Israeli prime minister’s office found that 6,655 Jews had departed France for Israel in 2014, compared with 3,293 the previous year.

* * *

Then, in an expected escalation that was the result of Friday’s UN vote, CNN’s Jim Sciutto reported that Israel has suspended “working ties” with 12 nations that voted for a United Nations resolution condemning settlements. The suspension of diplomatic ties comes after Prime Minister Benjamin Netanyahu’s vow last week to exact a “diplomatic and economic price” from the countries on the UN Security Council that passed the resolution, 14-0.

Breaking: #Israel suspends “working ties” with all 12 nations who voted for UN resolution on settlements – sources tell @eliselabottcnn

— Jim Sciutto (@jimsciutto) December 26, 2016

Those countries are: Britain, France, Russia, China, Japan, Ukraine, Angola, Egypt, Uruguay, Spain, Senegal and New Zealand https://t.co/NBpHt9PpZd

— Jim Sciutto (@jimsciutto) December 26, 2016

What it means: PM Netanyahu will not meet w/foreign ministers of those countries & their ambs will not be received at Israel’s FM

— Jim Sciutto (@jimsciutto) December 26, 2016

The countries were Britain, France, Russia, China, Japan, Ukraine, Angola, Egypt, Uruguay, Spain, Senegal and New Zealand, Malaysia. Israel does not have diplomatic ties with Venezuela or Malaysia, which also voted for the resolution.

Meanwhile, back in the US, Newt Gingrich continued his outspoken ways, and slammed President Obama for not vetoing the resolution, likening the move to a “war” against the key ally in the Middle East. “Why is the Obama team waging war against Israel? Why are they taking steps to isolate and then kill a democracy and an ally?” Gingrich tweeted.

“President-elect Trump must prepare a comprehensive offensive for Jan 29 to undo the damage to Israel the Obama team is inflicting.”

“Congress should pass resolutions January 3-4 condemning Obama attacks on Israel and demanding he not participate in French or (U.N. Security Council) attacks,” Gingrich, a key Trump ally, wrote online.

The move was the culmination of years of strained ties between the White House and Israel over the two-state solution to the Israeli-Palestinian conflict. Trump was fiercely opposed to the resolution and vowed U.S. policy toward Israel will change when he takes office.

Then again, one wonders how much of the drama in the last few days is merely spoon-fed for public consumption: despite the alleged tension between the US and Iseael, Obama approved a $38 Billion military aid package to Israel in September, the largest in U.S. history.

The 10-year aid packages underpin Washington’s Congressionally mandated requirement to help maintain Israel’s “qualitative military edge” in the region. According to the MOU, at least $3.8 billion a year in aid, up from $3.1 billion annually under the current pact, would be provided to Israel. Netanyahu had originally sought upwards of $4.5 billion a year. The new package for the first time will incorporate money for Israeli missile defense, which until now has been funded ad hoc by Congress. U.S. lawmakers have in recent years given Israel up to $600 million in annual discretionary funds for this purpose.

In short, ignore the pointed rhetoric and focus on the actions.

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Crude oil driver needed,good pay,only you will be driving the truck,we can adjust the working schedule.you will need to have clean record,understand …The post <b>Crude oil</b> driver wanted appeared first on crude-oil.top.



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U.S. Prepares To Sell Off Its Oil Reserves

Submitted by Nick Cunningham via OilPrice.com,

The U.S. is beginning to wind down one of the core energy security policies of the past half century as the boom in domestic drilling eases concerns about supply.

(Click to enlarge)

 

The U.S. Department of Energy could begin to sell off some of its strategic petroleum reserve (SPR) as soon as January, the beginning of a multi-year process to shrink the nation’s stockpile of oil. Congress has authorized DOE to sell off $375.4 million worth of oil in its recent budget resolution. The DOE said that such a sale could be held in January 2017.

To be sure, part of the motivation to sell crude is to finance upkeep for the SPR itself. The reserves are held in salt caverns in Louisiana and Texas, setup decades ago in the aftermath of the Arab Oil Embargo in 1973. The SPR system can hold more than 700 million barrels of oil, the largest strategic stockpile in the world. The idea is that the SPR holds 90 days’ worth of oil supplies, which could be released in the event of a global outage. A release has only occurred a handful of times, such as the Persian Gulf War, Hurricane Katrina and the Arab Spring.

Some of the storage systems are rusting and corroding after decades of use. In September, the DOE issued a report to Congress, which came to a dire conclusion about the condition of the reserve. “This equipment today is near, at, or beyond the end of its design life,” the report said. The sale “will allow the Department to take necessary steps to increase the integrity and extend the life” of the reserve, a DOE spokesperson said in December after the budget resolution was passed.

It is hard to overstate the significance of the SPR to U.S. energy policy. In fact, some analysts would argue the U.S. does not really have a comprehensive energy security policy. There is no coherent theory, policy or philosophy driving U.S. energy security concerns, other than the U.S. military policing the world to ensure the security of supply, a mission that has governed American actions abroad since the Carter administration at least.

The one cornerstone of energy security policy has been the SPR. As long as the U.S. had 3 months’ worth of supply, it could weather unexpected disruptions. The International Energy Agency was setup in the 1970s as well, and participating members – in addition to the U.S., the group includes Europe, Japan, Korea, Australia and New Zealand – also have pledged to hold a 90-day supply.

But U.S. policymakers no longer view the SPR is all that important. Even the more hawkish members of Congress have been lulled into a sense of security from the surge in U.S. oil production and the resulting crash in oil prices. The world is awash in oil, so why does the U.S. need to stockpile such a massive volume of oil at great expense? The ostensible reason of selling off oil from the SPR is to finance its maintenance to ensure its existence over the long-term, but if the Congress still truly believed in the importance of the SPR, they would have found funding elsewhere instead of reducing the stockpile.

Indeed, some of the proceeds from the sale of oil will go towards other uses beyond paying for repairs, namely, the U.S. treasury, which belies the notion that the sales are simply for upkeep. The sales are only occurring because U.S. policymakers are no longer concerned about the security of oil supply for the U.S. economy.

Various pieces of legislation have put the U.S. on a path to sell off 190 million barrels of oil from the stockpile gradually over the next decade. The sales are slated to take in $2 billion by 2020 to finance maintenance.

(Click to enlarge)

Beyond the question about the SPR’s relevance to U.S. energy security, a few other issues come to mind. First, the sale of oil from the SPR will occur at a moment of unusually low oil prices. The government could have taken twice as much revenue if it had sold the oil a few years ago instead of today when WTI trades for $50 per barrel. In the event that the U.S. decides to replenish the stockpile at some future moment, it will probably do so in a higher price environment. Selling low and buying high, any investor will tell you, is not a wise strategy.

A more immediate question is how the SPR sales will affect global supplies today. The release of oil will occur in already oversupplied market, and while the volumes are not huge, they will add pressure to prices. “Given stretched bullish positioning and the toppy state of inventories at Cushing, the sales of SPR oil could temporarily curb incentives for barrels in Cushing to flow to the U.S. Gulf Coast,” Barclays analysts recently said. The oil could reach the market in March or April, just “as refineries exit their turnabouts, but that could still steepen the WTI contango,” the Barclays analysts added.

“The DOE could not have picked a worse time to test the market,” said Bob van der Valk, senior editor at The Bakken Oil Business Journal, according to MarketWatch.com

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The Big Theme for 2017: Global Cash Bans

The big theme for 2017 will be Cash… not a pro-deflationary “time to own cash” theme… but a “let’s ban it as quickly as possible” theme.

Let’s review.

In 2016:

1)   Former Secretary of the Treasury, Larry Summers, called for the US to do away with the $100 bill.

2)   Former Chief Economist for the IMF, Ken Rogoff, published his book The Curse of Cash.

3)   The New York Times and Financial Times publicly endorse a ban on cash.

4)   Fed Chair Janet Yellen, during a Q&A session said cash is “not a convenient store of value.”

Of course the above items are simply propaganda and words. But 2016 also featured major actions as far as the War on Cash is concerned…

The 7th largest country in the world by GDP (India) banned physical cash in denominations that comprise over 80% of all outstanding bills.

The move was a political disaster… temporarily, but no one was forced out of office and the legislation remains in place.

The message here: you can get away with this kind of thing… even in a country in which physical cash is STILL the dominant form of currency.

Venezuela has since followed suit, banning any bill that is worth more than 3 cents. There as well, the policy was met with political outrage… but the ruling part/people remain in power and no one was forced out of office over the matter.

Put simply, 2016 was the year in which the 7th and 33rd largest nations by GDP went effectively cashless… and no one lost their jobs over it.

You can imagine the glee the elites felt witnessing this… particularly in countries in which 50%+ of transactions no longer involve physical cash (60%+ in most developed nations).

After all, the only thing these people do worry about is losing their jobs. Provided no one is kicked out of office as a consequence, any policy, no matter how terrible, is considered viable to this crowd.

Which is why 2017 will shape up to be the year of the Global Cash Bans.

Numerous developed nations (France, Spain, Denmark, Sweden, etc.) have already banned cash for certain transactions. Next year (2017) is the year we expect to start seeing policy pushes for complete bans on cash.

Indeed, we’ve uncovered a secret document outlining how the Fed plans to incinerate savings in the coming months.

We detail this paper and outline three investment strategies you can implement

right now to protect your capital from the Fed’s sinister plan in our Special Report

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Chief Market Strategist

Phoenix Capital Research

 

 

 

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Mystery Surrounds NATO Auditor General’s Suspicious Death

Police in Belgium are probing the suspicious circumstances surrounding the death of a high ranking NATO official – the auditor general, whose responsibilities included probing terror financing – after his body was discovered in his car with a gunshot wound to the head.

As SudInfo reports, troubling elements accumulate around the death of Yves Chandelon, a senior official of the NATO based in Luxembourg, who lived in Lens, near Tournai.

The man was found dead on Friday in Andenne, with a bullet in his head. An autopsy was performed on Tuesday. The family does not believe it was suicide as many have reported.

 

Did Yves Chandelon have any enemies? Was he threatened in the course of his work in NATO? Was it an odious crime made to look like suicide, or did the man go through a troubled period? For his relatives, the incomprehension is total.

The 62-year-old auditor general of NATO was found in the Belgian town of Andenne, 62 miles away from his home and office in Lens on December 16. As The Express reports,

As Auditor General, Mr Chandelon was responsible for internal accounting at NSPA as well as external investigations into money laundering activities and terrorist financing – and more bizarrely it has been reported locally that the gun which killed him was found in the glovebox of the vehicle.

 

According to local newspaper reports Mr Chandelon was the registered keeper of three weapons however the gun found at the scene did not belong to him, it has been claimed.

 

Police are currently probing whether he had received any threats that could be related to his work and highlighted that the gun used was not registered in his name.

 

According to Flemish newspaper ‘The Morning’, Mr Chandelon’s relatives said he attended his office Christmas party the night before he died.

Reporting gets even more confusing as LaMeuse carried two reports with additional facts about Chandelon’s death. The first stated that a “farewell letter” was found in Chandelon’s car. The second stated that the gun used in the apparent suicide was found in his right hand, despite the fact that Chandelon was left-handed.

It has been reported that the former director of The Institute of Internal Auditors (IIA) Luxembourg had complained of getting strange telephone calls before he died and “felt threatened”.

We are sure the facts will all come out and this ‘strange’ episode will be brushed under the carpet – like the mysterious deaths of various senior European bankers over the past few years.

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