WASHINGTON (AP) — The foundation of America’s nuclear arsenal is fractured, and the government has no clear plan to repair it.
It’s not clear that the government recognizes the full scope of the problem, which has wormed its way to the core of the nuclear weapons business without disturbing bureaucracies fixated on defending their own turf. Nor has it aroused the public, which may think nuclear weapons are relics of the past, if it thinks about them at all.
This is not mainly about the safety of today’s weapons, although the Air Force’s nuclear missile corps has suffered failures in discipline, training, morale and leadership over the past two years. Just last week the Air Force fired nuclear commanders at two of its three missile bases for misconduct and disciplined a third commander.
Rather, this is about a broader problem: The erosion of the government’s ability to manage and sustain its nuclear “enterprise,” the intricate network of machines, brains and organizations that enables America to call itself a nuclear superpower.
What have been slipping are certain key building blocks — technical expertise, modern facilities and executive oversight on the civilian side, and discipline, morale and accountability on the military side. Continue reading
Tag Archives: 18th International Economic Forum
‘Death of money’: Author Rickards predicts collapse of global monetary system
The collapse of the monetary system awaits the world in the near future, says financial expert James Rickards. Russia and China’s desire to rid the US dollar of its global reserve currency status is an early sign of the “increasingly inevitable” crisis.
“China has three trillion dollars, but they are buying gold as fast as they can. China worries that the US is going to devalue the dollar through inflation so they want to have a hedge if the dollar goes down, so the gold will go up,” Rickards told RT.
As one of the key events in support of his forecast, Rickards points to the words uttered by Russian President Vladimir Putin at the 18th International Economic Forum in St. Petersburg that took place earlier this month.
“Putin said he envisions a Eurasian economic zone involving Eastern Europe, Central Asia, and Russia. The Russian ruble is nowhere near ready to be a global reserve currency, but it could be a regional reserve currency,” he said, as quoted by ETF Daily News. Continue reading