The Middle East’s ongoing descent into chaos and China’s impending ascendancy to the status of global superpower are just two of the many threats that the US, European Union and Russia all share. Each of these issues should certainly occupy a higher position on their respective agendas than the breakup of Ukraine or the insolvency of Greece. Leaders of all three governments would be well-advised to set aside their differences, or at least to prevent those differences from obstructing cooperation on more important issues. Unlike its predecessor, the Second Cold War will not be bilateral. Today’s world is far more chaotic, kinetic and dangerous than it was fifty years ago.
Previously, Elliott Management's Paul Singer has explained that he believes "there is one risk that stands way above the rest in terms of the scope of potential damage adjusted for the likelihood of occurrence" - an electromagnetic pulse (EMP). Today we dig deeper into that risk... Why are we writing about EMP? Because in any analysis of societal risk, EMP stands all by itself.
A few months ago, Sony used a ridiculous "hacking" publicity stunt to generate some $40 million more in revenues for what would otherwise have been the latest Seth Rogen "comic" flop, in which the film agency blamed North Korea - which has about ten ultramodern 80386 computers in the entire country - for hacking its firewall, a hack which was subsequently revealed to be the result of disgruntled former employee. Fast forward to today, when moments ago CNN reported that Russian hackers which according to left "tell-tale codes and other markers that they believe point to hackers working for the Russian government", had penetrated the White House computer system.
It is impossible to overstate the magnitude of the warfare-state revolution that transformed the federal government and American society after World War II, but modern-day Americans continue to remain convinced that their system of government has never changed in a fundamental way. They continue to play like their governmental system is founded on the same constitutional principles as when the country was founded. It is a supreme act of self-deception. The truth is that America has now had two different governmental systems: One without a national-security apparatus and one with it. It seems to us that it’s a no-brainer as to who was right and which system was better in terms of freedom, privacy, peace, prosperity, and harmony.
Russia Plans Missile Defense System Drill Near Southern Border As North Korea Test-Fires Short-Range RocketsSubmitted by Tyler Durden on 04/03/2015 21:15 -0400
With 'shocked' OSCE observers noting that the Minsk accord ceasefire is not holding in Ukraine's Shyrokyne, it appears sabre-rattling around the world is picking once again. Military exercises in Russia's Astrakhan region, conducted successful launches of the 'hypersonic' S-300 anti-aircraft missile systems, repelling an "enemy" air assault. This follows another drill invloving ten aircraft including helicopters in simulated attacks by an "enemy" near the Chinese border. Meanwhile, North Korea has test-fired four short-range missiles into the sea off its west coast, in protest at US-South Korean military drills, which are currently ongoing, and a 2nd drill is underway " supervised by Kim Jong-Un."
People in the United States feel under threat, both from beyond our borders and within them and as Reuters reports, when asked about both U.S. President Barack Obama and Russian President Vladimir Putin, it was a pretty darn close call. A new Reuters/Ipsos poll finds a third of Republicans believe President Barack Obama poses an imminent threat to the United States, outranking concerns about Russian President Vladimir Putin and Syrian President Bashar al-Assad. Meanwhile, the world is certainly worried about America with about one quarter (of respondents from 65 countries) naming the United States as the greatest threat to world peace.
When I first came across the title to this article, I didn’t think much of it. In fact, I almost didn’t even click the link thinking it was just a repeat of a prior expose I highlighted in the post: Hillary Clinton Exposed Part 2 – Clinton Foundation Took Millions From Countries That Also Fund ISIS. Fortunately, I did decide to take a look and pretty soon my jaw absolutely hit the floor. Although the Wall Street Journal didn’t play up the connection, I was stunned to see that of all the oligarchs connected to foreign governments who donated to the Clinton Foundation while she was Secretary of State, Ukraine was at the very top.
The endgame of communist rule in China has begun, and Xi Jinping’s ruthless measures are only bringing the country closer to a breaking point...
"The amount a state needs to expend on guard labor is a function of how much legitimacy the state holds in its population’s reckoning... Why spy? Because it’s cheaper than playing fair. Our networks have given the edge to the elites, and unless we seize the means of information, we are headed for a long age of IT-powered feudalism."
To some, gold is merely a tradition; to others, such as the first secretary of the North Korean embassy in the capital of Bangladesh, it is one of the easiest ways to smuggle $1.7 million. Or at least should have been on paper. Instead, what happened on Thursday night when Son Young-nam landed in Dhaka on a flight from Singapore, carrying a ridiculous amount of physical gold and hoping to get through customs without a glitch due his diplomatic status, things went downhill fast after Young-nam's baggage was searched and almost 27 kilos, or 59 pounds, of gold bars and ornaments were recovered.
It has been a while since we have seen the USDJPY rampathon push US equities higher, so in a day dominated by central banks (first the BOE momentarily), and then the ECB's much anticipated announcement of the actual QE launch at the Draghi press conference at 1:30pm CET (taking place, ironically enough, in the place that was the blueprint for the Eurozone's capital controls, Cyprus), it only makes sense that after weeks of stage fright, the USDJPY algos reminded the world they are alive and well, and proceeded to ramp the key FX pair above 120, even though the currency that everyone will be talking about today is the Euro, hugging 1.10 as of this moment, but the real question is what happens after Draghi gives the asset buying green light: has all of Q€ been priced in already in FX, and will the EURUSD resume its surge higher, or is parity next stop?
"In retrospect, Obama’s intervention in Libya was an abject failure, judged even by its own standards. Libya has not only failed to evolve into a democracy; it has devolved into a failed state... As bad as Libya’s human rights situation was under Qaddafi, it has gotten worse since NATO ousted him."
While Obama desperately tries to stick to his now crushed "Nobel peace prize winner" image, by not succumbing to an all-out land war in the one nation where his progressive "pacifism" brought him fame (and according to some, the presidency), namely Iraq, the rest of militant, "interventionist" US foreign policy is rapidly starting to resemble that waged by the most brutally rabid, neo-con Republican leader. Case in point an absolute stunner reported minutes ago by the WSJ, according to which the White House has decided to provide pickup trucks equipped with mounted machine guns and radios for calling in U.S. airstrikes to some moderate Syrian rebels aided by American B-1B bombers!
"So why do I stay? Why do any of us continue to put up with the gut-wrenching, soul-sucking, misery-drenched, demoralizing existence that is America today?"
The world has begun to devolve into two distinct factions. The imperialist actions of the American Empire in the Middle East and Ukraine have pushed Russia, China, India, Brazil, and Iran closer together regarding trade deals; transacting commerce without using the USD; oil and gas pipelines; and military cooperation. Totalitarian regimes are known for using foreign threats to distract the populace from domestic suffering. As a matter of fact, all regimes use this tactic. When the global economy rips apart at the seams due to the debt saturation, world leaders will attempt to blame other countries for their dire circumstances. Foreign enemies are good for business. Ask our Nobel Peace Prize winning President. War is inevitable.