China Flight Tests New Stealth Jet During Obama Visit



China’s military upstaged the Asian economic summit in Beijing this week by conducting flights tests of a new stealth jet prototype, as the White House called on Beijing to halt its cyber attacks.

Demonstration flights by the new J-31 fighter jet—China’s second new radar-evading warplane—were a key feature at a major arms show in Zhuhai, located near Macau, on Monday.

The J-31 flights coincided with President Obama’s visit to Beijing for the Asia-Pacific Economic Cooperation summit meeting. In a speech and meetings with Chinese leaders, Obama called on China to curtail cyber theft of trade secrets.

China obtained secrets from the F-35 Joint Strike Fighter through cyber attacks against a subcontractor for Lockheed Martin. The technology has shown up in China’s first stealth jet, the J-20, and in the J-31. Both of the jets’ design features and equipment are similar to those of the F-35. Continue reading

ISIS gains highlight ‘aggressive’ use of water as weapon of war


BEIRUT: Militants from ISIS now control or threaten key facilities on the Euphrates and Tigris rivers, generating fears that the Al-Qaeda splinter group could turn off the taps to the Shiite south of Iraq, sparking a massive humanitarian crisis.Last month’s ISIS-led offensive across Iraq saw it overrun cities and battle for oil refineries as the national army melted away, but it has also been waging a war for water, trying to wrest control over rivers, dams and desalination plants in a bid to solidify its territorial gains.

Control of water is seen as key to the viability of the fledgling caliphate declared by ISIS leader Abu Bakr al-Baghdadi. Without water, seasonal droughts cannot be managed, electricity cannot be generated, proper sanitation practices are near impossible and the local economy grinds to a virtual halt.

“When it comes to creating an Islamic state, it is not just about the control of geographic areas in Syria and Iraq. In order to form a viable state, one must control the state’s most vital infrastructure, which in Iraq’s case is water and oil,” said Matthew Machowski, a research fellow at Queen Mary University. Continue reading

China And Russia Are Ruthlessly Cutting The Legs Out From Under The U.S. Dollar

When, not if, the U.S. Dollar loses reserve currency status, that will not only be a major turning point in the history of our country, but a major turning point in the history of the world. Something on this scale has never happened in world history. China and Russia are positioning themselves to be the next world superpowers after hitting America with one clenched fist. The only wildcard in the deck is Germany, which runs Europe, the largest economy in the world.

China and Russia are not the “buddies” of the United States.  The truth is that they are both ruthless competitors of the United States and leaders from both nations have been calling for a new global currency for years.

They don’t like that the United States has a built-in advantage of having the reserve currency of the world, and over the past several years both countries have been busy making international agreements that seek to chip away at that advantage.

Just the other day, China and Germany agreed to start conducting an increasing amount of trade with each other in their own currencies.

You would think that a major currency agreement between the 2nd and 4th largest economies on the face of the planet would make headlines all over the United States.

Instead, the silence in the U.S. media was deafening.

However, the truth is that both Russia and China have been making deals like this all over the globe in recent years.  I detailed 11 more major agreements like the one that China and Germany just made in this article: “11 International Agreements That Are Nails In The Coffin Of The Petrodollar“.

In that article I listed a few of the things that will likely happen when the petrodollar dies….

-Oil will cost a lot more.

-Everything will cost a lot more.

-There will be a lot less foreign demand for U.S. government debt.

-Interest rates on U.S. government debt will rise.

-Interest rates on just about everything in the U.S. economy will rise.

So enjoy going to “the dollar store” while you can.

It will turn into the “five and ten dollar store” soon enough.

Okay, so if you are China and Russia and you are working hard to undermine the dollar, how do you get prepared for the fiat currency crisis that your hard work will eventually create?

You guessed it.  You hoard gold and other precious metals.

And that is exactly what China and Russia has been doing.

A recent MarketWatch article detailed the massive hoarding of gold that Russia has been doing.

Just because the economy is relatively stable right now does not mean that it is always going to be that way.

If we keep debasing our currency like this, at some point the rest of the world is going to decide that China and Russia have been right all along and that we need a new global reserve currency.

That day is coming.  It might not come tomorrow or next week or next month but it is definitely coming.

Once the U.S. dollar loses reserve currency status, that will be a major turning point in the history of our country.  We will never fully recover from that, and we will never get back to the same level of prosperity that we are enjoying today.

So enjoy spending those dollars while you can.  The party is almost over.

Full article: China And Russia Are Ruthlessly Cutting The Legs Out From Under The U.S. Dollar (The Economic Collapse)