BBC World Service Fears Losing Information War as Russia Today Ramps Up Pressure

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It’s simply propaganda in 2014, not news. Courtesy of Josh Halliday @ The Guardian:

The BBC World Service is being financially outgunned by Russian and Chinese state-owned news channels, its former director Peter Horrocks has warned, amid high-level concerns that Britain and the US are losing a global “information war” with the Kremlin.

Horrocks said ministers should review Britain’s spending overseas and consider freeing up extra World Service funding to combat the wave of Moscow-backed propaganda sweeping Europe.

“Medium to long term there has to be an anxiety about the spending of others compared to what the BBC are putting into it,” Horrocks said. “You can take a view of the overall national interest and things we spend on international influence, like military spending. When you look at that it would take it in a certain direction.”

International alarm over the rise of Kremlin-funded news, led by 24-hour news channel Russia Today, has intensified following Vladimir Putin’s military intervention in Ukraine and his feud with the west.

David Cameron told MPs he had raised with President Obama his concern about Russian news channels “pumping out a distorted picture” of events in Ukraine after the issue was raised by leaders in the Baltic states at the G20 summit in Australia.

Horrocks, who stepped down earlier this month as the executive in charge of the BBC’s global news operations, said the corporation had asked the Foreign Office (FCO) “whether there’s anything they want to do with development funding for extra programming for Ukraine” but he had not yet had a reply.

FCO funding for the World Service stopped in April, with the £245m annual budget now coming out of the licence fee. Despite this shift, Horrocks said “considering supplementary funding [from the FCO] is something that could be on the policy agenda and could be part of the discussion about the BBC’s future”.

He added: “We are being financially outgunned by Russia and the Chinese but there’s no way we’re being outgunned on the results [global audience]. The role we need to play is an even handed one. We shouldn’t be pro-one side or the other, we need to provide something people can trust.”

Demand for BBC World Service output has soared since the Ukraine-Russia crisis began. The corporation’s Russian-language service has more than doubled to 6.9 million listeners, while in Ukraine its audience has trebled to more than 600,000 since last year. Continue reading

False East/West Paradigm Hides The Rise Of Global Currency

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Courtesy of Brandon Smith @ Alt-Market:

I am continually astonished at the refusal of many otherwise intelligent people to consider the evidence or even the possibility that there is, in reality, no fundamental political or philosophical conflict between the power brokers of the East and the West. As I outlined in great detail in Russia Is Dominated By Global Banks, Too, the truth is they are both working toward the same goal; and both ultimately benefit from an engineered and theatrical display of international brinksmanship.

Russia, like the United States, is utterly beholden to globalist financiers through organizations like the International Monetary Fund and the Bank for International Settlements. Russia’s global economic adviser in matters ranging from investment image to privatization is none other than Goldman Sachs.

Goldman Sachs has also worked closely with the Ukrainian government since 2011, and it started its advisory work with Ukraine for free. (Whenever Goldman Sachs does something for free, one should take special note.) Banking elites have been working both sides of the fence during the Russia versus Ukraine charade.

Russia has continued to borrow billions of dollars from Western banks, including Deutsche Bank and Credit Suisse, year after year, proving that they are not averse in the slightest to working closely with “evil Western robber barons”.

Russian President Vladimir Putin meets with Mr. New-World-Order himself, Henry Kissinger, on a regular basis; and according to Putin’s press secretary, they are “old friends.” Putin’s meetings with Kissinger began almost immediately after he first took power in 2000.

Putin’s relationship with Kissinger has been so pronounced that the Russian Foreign Ministry gave Kissinger an honorary doctorate in diplomacy, and Putin placed Kissinger at the head of a bilateral “working group” — along with former KGB head and multilateralist (globalist) Gen. Yevgeny Primakov — dealing with foreign policy. Continue reading

Petrodollar Alert: Putin Prepares To Announce “Holy Grail” Gas Deal With China

Courtesy of The Hedge:

If it was the intent of the West to bring Russia and China together – one a natural resource (if “somewhat” corrupt) superpower and the other a fixed capital / labor output (if “somewhat” capital misallocating and credit bubbleicious) powerhouse – in the process marginalizing the dollar and encouraging Ruble and Renminbi bilateral trade, then things are surely “going according to plan.”

For now there have been no major developments as a result of the shift in the geopolitical axis that has seen global US influence, away from the Group of 7 (most insolvent nations) of course, decline precipitously in the aftermath of the bungled Syrian intervention attempt and the bloodless Russian annexation of Crimea, but that will soon change. Because while the west is focused on day to day developments in Ukraine, and how to halt Russian expansion through appeasement (hardly a winning tactic as events in the 1930s demonstrated), Russia is once again thinking 3 steps ahead… and quite a few steps east.

While Europe is furiously scrambling to find alternative sources of energy should Gazprom pull the plug on natgas exports to Germany and Europe (the imminent surge in Ukraine gas prices by 40% is probably the best indication of what the outcome would be), Russia is preparing the announcement of the “Holy Grail” energy deal with none other than China, a move which would send geopolitical shockwaves around the world and bind the two nations in a commodity-backed axis. One which, as some especially on these pages, have suggested would lay the groundwork for a new joint, commodity-backed reserve currency that bypasses the dollar, something which Russia implied moments ago when its finance minister Siluanov said that Russia may refrain from foreign borrowing this year. Translated: bypass western purchases of Russian debt, funded by Chinese purchases of US Treasurys, and go straight to the source. Continue reading