En Route to New Conflicts (II)

BERLIN (Own report) – In the midst of a phase of the expansion of the EU’s military policy relations with several East and Southeast Asian countries, German Chancellor Angela Merkel will visit Japan. Merkel will arrive March 8 in the Japanese capital, reciprocating Japanese Prime Minister Shinzo Abe’s visit to Germany last year. Tokyo seeks to intensify its cooperation with EU countries – also militarily – to enhance its position in territorial conflicts with Beijing. At the same time, the United States is focusing, to a growing extent, its global policy efforts on eastern Asia and the Pacific Basin. Shortly before Merkel is to visit Japan, a study published by the German Institute for International and Security Affairs (SWP) points out that the interests of several EU countries would be “massively affected should conflicts escalate in this region.” These conflicts are mostly about territorial sovereignty over islands and groups of islands, which recently have become accentuated. SWP proposed that the EU “discuss” what position to take “in case of conflict.”

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Sensors indicate new nuclear leak at Japan’s Fukushima plant

TOKYO, Feb 22 — Sensors at the Fukushima nuclear plant have detected a fresh leak of highly radioactive water to the sea, the plant’s operator announced today, highlighting difficulties in decommissioning the crippled plant.

Tokyo Electric Power Co (TEPCO) said the sensors, which were rigged to a gutter that pours rain and ground water at the Fukushima Daiichi plant to a nearby bay, detected contamination levels up to 70 times greater than the already-high radioactive status seen at the plant campus. Continue reading

David Stockman: The Global Economy Has Entered The Crack-Up Phase

 

Few people understand the global economy and its (mis)management better than David Stockman — former director of the OMB under President Reagan, former US Representative, best-selling author of The Great Deformation, and veteran financier.

David is now loudly warning that events have entered the crack-up phase, which he predicts will be defined by the following 4 developments: Continue reading

How Many More “Saves” Are Left in the Central Bank Bazookas?

The master narrative of the global economy shifted six years ago from “China will push global growth for decades to come” to “the central banks can push global growth for decades to come.”

Time after time we’ve witnessed enfeebled global markets jolted out of terminal declines by central bank pronouncements and new money-printing policies. Never mind that the European Central Bank’s (ECB) Mario Draghi had no concrete proposals in hand when he announced the ECB would “do whatever it takes” to save the European Union from the financial consequences of its reckless abandonment of risk management; the mere announcement was enough to trigger a massive reversal in global markets. Continue reading

Navy sailors suffer strange deformities after Fukushima exposure

KOMO 4 News transcript, Feb 11, 2015 (emphasis added): Men and women sworn to serve, now suffering from mysterious health problems… Local rescuers find themselves battling for the truth — and their own survival… They had no idea of what was happening in coastal Fukushima… 3 of 6 nuclear reactors suffered meltdowns, then several explosions… prevailing winds sent most of that radiation over the Pacific, where the 7th Fleet was positioned… the sailors say no one aboard ship took any extra radiation protection measures [for] “probably about a week”… [Aviation Structural Mechanic Ron] Wright remembers one time the scanners went crazy over his trousers. “It was just being like beep, beep, beep, beep… I lost my pants.”… The Navy continuously reassured them… Within a month of Operation Tomodachi… he started experiencing painful swelling in his groin.  He’s undergone 3 surgeries but expects to suffer pain the rest of his life.  Even more frightening — Wright’s diagnosis of varicocele can lead to male infertility. Continue reading

Setting the Stage for the One World Currency

We can start to see how the one-world currency comes into play with BIG BANG. The more these governments try to manipulate the outcome of the free markets, the worse everything becomes. I met with members of the board in charge of the Swiss/Euro Peg just before the Berlin Conference. I explained that no peg has ever lasted and Bretton Woods stands as witness to that in recent memory no less the Pound/DMark Peg that made George Soros famous. Pegs only suppress the free market, they cannot prevent the eventual outcome. Continue reading

New Chinese electromagnetic weapon may paralyze US air defense: expert

The development of an X-ray pulse generator by the Xi’an Institute of Optics and Precision Mechanics under the Chinese Academy of Sciences has attracted the attention of Vassily Kashin, a expert at Russia’s Center for Analysis of Strategies and Technologies, according to Moscow-based Sputinks News. Continue reading

PLA wants dominance in Western Pacific: US experts

China is increasing the frequency of its naval exercises with the aim of contesting the Second Island Chain in the Pacific — a series of island groups that runs north to south from the Japanese archipelago to the Bonin and Marshall islands — and taking control of the Taiwan Strait, reports our Chinese-language sister paper Want Daily.

Just two months after the largest naval exercise in the country’s history, the People’s Liberation Army Navy has again deployed vessels to the West Pacific for more sea drills. Continue reading

Is China Preparing for Currency War?

China has entered the global monetary-easing fray, along with more than a dozen other economies, after its central bank surprised investors by cutting reserve requirements 50 basis points to spur lending and combat deflation. But Beijing may be raring for an even bigger and more perilous fight — in the currency markets.

At the same time, something else is afoot in Beijing could have even greater global impact. The central bank is cooking up measures to widen the band in which its currency trades. People’s Bank of China officials say it’s about limiting volatility as capital zooms in and out of the economy. Let’s call it what it really is: the first step toward yuan depreciation and currency war. Continue reading

Central banks fight ‘vultures’ in global currency war

A global war of currency depreciation has begun. Although the weapons are not killing anyone, the slow damage will be no less devastating than nuclear, chemical or biological warfare. In a worst-case scenario, there will be a substantial redistribution of the income and wealth of all nations and an even wider gap between the rich and poor.

The war has now spread to Denmark, Singapore, the EU, Switzerland, Japan and even South Korea and Taiwan. The weapons used include banknotes, central bank control of foreign exchange and interest rates, and vultures (hedge funds) in the financial markets defending and speculating on the currencies. Continue reading

Security confab focuses on ‘collapse of global order’

BERLIN — The Ukraine conflict, Islamic State group jihadists and the wider “collapse of the global order” will occupy the world’s security community at an annual meeting in Germany from Friday.

Also on the agenda of the three-day Munich Security Conference (MSC) will be Iran’s nuclear talks, the Syrian war and mass refugee crisis, West Africa’s Ebola outbreak and cyber-terrorism.

German Chancellor Angela Merkel is among 20 heads of government and state on the guest list, along with 60-odd foreign and defense ministers including US Secretary of State John Kerry and Russia’s top diplomat Sergei Lavrov. Continue reading

‘Emperor Xi’? Unprecedented military parade to salute ‘Mao Zedong of the 21st Century’

President Xi Jinping has determined to outdo Mao Zedong in terms of building up a cult of personality: he has ordered a gigantic military parade at Tiananmen Square this autumn to demonstrate his ironclad hold over the army – and most other levers of power in the country.

In Communist Chinese Party (CCP) history, military parades have only been held to mark major anniversaries of the founding of the People’s Republic on Oct. 1, 1949. The last two extravaganzas took place in October 1999 and October 2009. Continue reading

Navy Intel Officer Warns of Future China Conflict

Calls for telling the truth about Beijing

HONOLULU—China’s ruling Communist Party is “rejuvenating” and preparing for a military conflict in Asia, the outgoing intelligence chief of the Navy’s Pacific Fleet is warning.

“The strategic trend lines indicate the Communist Party of China is not only ‘rejuvenating’ itself for internal stability purposes, but has been and continues to prepare to use military force,” Navy Capt. James E. Fanell said on Saturday during his retirement speech at Pearl Harbor.

Speaking on a pier across the harbor from the battleship USS Missouri, where Japan’s surrender was signed ending World War II, and near the memorial over the submerged wreckage of the USS Arizona, sunk in 1941 during the Japanese attack, Fanell said he believes Beijing prefers not to use its growing military force for achieving regional dominance. Continue reading

Photos Show China Military Buildup on Island Near Senkakus

© CNES (2014), Distribution Airbus DS / Spot Image / IHS

 

Tensions high between China and Japan over island chain

Recent satellite photos of an island off the coast of China confirm Beijing’s buildup of military forces within attack range of Japan’s Senkaku islands.

The imagery, obtained from the Airbus Defense and Space-owned Pleaides satellite, reveals China is constructing an airfield with 10 landing pads for helicopters on Nanji Island.

Military analysts said the new military base appears to be preparation by the Chinese People’s Liberation Army for an attack or seizure of the Senkakus.

“China’s new heli-base on Nanji Island demonstrates that the PLA is preparing for an offensive military operation against the Senkaku/Daiyoutai Islands,” said Rick Fisher, a senior fellow with the International Assessment and Strategy Center.

“If you want to rate the level of tension, this is the PLA reaching for its holster. When forces start deploying to Nanji Island, that means the hammer is cocked.Continue reading

Confirmed: China Is Building a Military Base Near Japan

Last week IHS Jane’s reported that satellite images from October 2014 show that China is building a heliport with 10 landing pads and wind turbines on Nanji Island, which is one of 52 islands on an archipelago that is part of Zhejiang province. Nanji Islands is only 300 km from the disputed Senkaku Islands. By contrast, Okinawa— which hosts major U.S. and Japanese military bases— are 400 km away from the disputed islands. Continue reading