WASHINGTON – The standoff on the Korean peninsula is entering a new phase. While President Moon Jae-In calls for talks with North Koreans, he is also honoring the U.S.-Korean alliance and insisting the North give up its nuclear program.
Can Moon have it both ways? He’s besieged by protesters who expect him to abandon totally the policies of his conservative predecessors and support North Korea’s strategy of weakening the South from within. Continue reading
So much for NATO-alliance members working for the common good.
In a move that has angered the U.S. for obvious reason, Turkey’s state-run news agency Anadolu Agency has leaked the precise locations of U.S. bases in northern Syria. The move – which exposes the exact locations of American soldiers on the front lines in the war-torn nation – has sent the ongoing feud between the two NATO allies to new lows. As Bloomberg details, in reports published in both Turkish and English on Tuesday, Anadolu provided detailed information about 10 U.S. bases in northern Syria, including troop counts and a map of the U.S. force presence in the Turkish version. Continue reading
U.S. nuclear deterrent modernization should not put “old wine in new bottles” by merely upgrading missiles and bombers to deliver old-fashioned nuclear weapons on antiquated missions.
New-design nuclear weapons – and new operational plans – are needed for deterring and defeating the new way of warfare being planned by our potential enemies.
Russia, China, North Korea, and Iran plan a revolution in military affairs combining cyber-attacks with nuclear electromagnetic pulse (EMP) to decisively defeat enemy military forces and paralyze entire nations. Continue reading
Though stock markets in general are meaningless and indicate nothing in terms of the health of the economy they still function as a form of hypnosis, or a kind of Pavlovian mechanism; a tool that central bankers can use to keep a population servile and salivating at the ring of a bell. As I have mentioned in the past, the only two elements of the economy that the average person pays attention to in the slightest are the unemployment rate and the Dow. As long as the first is down and the second is up, they aren’t going to take a second look at the health of our financial system. Continue reading
RUSSIA has sent a direct military threat to America warning Washington their new intercontinental ballistic missiles can “rip apart” anti-missile systems.
A high-ranking Kremlin official laughingly dismissed the USA’s defence shield, claiming it poses “no serious military risk”.
And they also boasted of a new state-of-the-art tank, which is now being rolled out by Vladimir Putin. Continue reading
UNITED NATIONS — Nearly six hundred years ago, huge Chinese fleets plied the Indian Ocean sailing as far as Arabia and the East African coast.
The epic seaborne expeditions carried out between 1405 and 1432 under Adm. Cheng Ho and during the glorious Ming Dynasty were larger and far more encompassing than subsequent Portuguese and Dutch voyages almost a century later. China’s Imperial Court sought trade, tribute, and exotic treasures, not formal colonization nor religious conversion. Continue reading
Per the Iran Nuclear Review Act of 2015, the Trump administration is required to certify to Congress every 90 days that Iran is in compliance with the July 2015 nuclear deal (the Joint Comprehensive Plan of Action, or JCPOA) and that this agreement is in the national-security interests of the United States. The next certification is due on July 17, 2017.
It is crucial that the Trump administration, in the next JCPOA certification statement, correct the gross error it made in April, when it certified that Iran was complying with this agreement and that the JCPOA is in the national-security interests of our country. Unfortunately, the administration reportedly might make this same mistake again. Continue reading
Germany’s central bank is the Bundesbank. Prior to the commencement of trading of the euro in January 1999, the Bundesbank conducted Germany’s monetary policy. The Bundesbank has a reputation for pursuing general price-level stability above all else. You might say that the Bundesbank has inflation phobia. The reason for this Bundesbank inflation phobia is the remembrance of the hyperinflation Germany experienced between World Wars I and II. Given the US central bank’s recent actions, it would almost seem that the Fed has developed inflation phobia too. Continue reading
When discussing Blackrock’s latest quarterly earnings (in which the company missed on both the top and bottom line, reporting Adj. EPS of $5.24, below the $5.40 exp), CEO Larry Fink made an interesting observation: “While significant cash remains on the sidelines, investors have begun to put more of their assets to work. The strength and breadth of BlackRock’s platform generated a record $94 billion of long-term net inflows in the quarter, positive across all client and product types, and investment styles. The organic growth that BlackRock is experiencing is a direct result of the investments we’ve made over time to build our platform.” Continue reading
In an unexpectedly brazen rattling of sabers, just days after China deployed troops to its first foreign base in Djibouti, a move which the Global Times clarified is “about protecting its own security, not about seeking to control the world, Beijing made a less than subtle reversal, when it told Japan on Friday to “get used to it” after it flew six warplanes over the Miyako Strait between two southern Japanese islands in a military exercise.
It all started late on Thursday night, when Japan’s defense ministry issued a token statement describing the flyover by the formation of Xian H-6 bombers, also known as China’s B-52, earlier that day as “unusual”, while noting that there had been no violation of Japanese airspace. Continue reading
As Guam prepares to celebrate Liberation Day this week, political leaders on the Pacific island say it is time to decide whether to remain a US colony or become an independent nation.
Debate about independence has raged for decades but legal complications mean plans to take the issue to a vote have stalled several times.
Former senator Eddie Duenas said a self-rule plebiscite was long overdue and should be held during a gubernatorial election expected next year.
“We have been driving but we don’t know where we’re driving to and how far we will go,” he told a recent meeting of Guam’s decolonisation commission in the capital Hagatna. Continue reading
Two weeks after Aleksandar Kocic highlighted the moment in 2012 when the market stopped caring about newsflow and reality, and, in a word “broke” with pervasive complacency setting in regardless of macro uncertainty…
… Deutsche Bank’s post modernist master of stream-of-consciousness narrative is back with a new essay dissecting his favorite topic, the interplay between the Fed and markets, the so-called “umbilical limbo” that connects the two in the form of ultraeasy monetary policy and QE in general, and more importantly, the narrative that the Fed has spun over the past ten years, which while supportive of risk assets, has concurrently resulted in what Kocic calls a “permanent state of exception” from normalcy as a result of the Fed decision to defer the financial crisis indefinitely. Continue reading
- Negotiators from the 11 remaining TPP countries are holding talks this week on how to ink a deal without Washington, but internal divisions are a key obstacle
- Vietnam and Malaysia, in particular, are looking to re-open discussions on certain provisions, complicating Japan’s desire to cement an agreement
As the 11 remaining Trans-Pacific Partnership countries continue talks without Washington this week, certain member states now need convincing to stay on board with the massive trade deal. Continue reading
“Financial Crisis Of Historic Proportions” Is “Bearing Down On Us”
John Mauldin of Mauldin Economics latest research note, Prepare for Turbulence, is excellent and a must read warning about the coming financial crisis. Mind refreshed from what sounds like a wonderful honeymoon and having had the time to read some books outside his “comfort zone” he has come to the conclusion that we are on the verge of a “major financial crisis, if not later this year, then by the end of 2018 at the latest.” Continue reading