Russia Finance Minister: We May Abandon Dollar In Oil Trade As It Is Becoming “Too Risky”

Breaking the tie between oil and the U.S. Dollar means the collapse of the U.S. Dollar as the world reserve country. Collapsing of the U.S. Dollar as world reserve currency means the collapse of America. Ghadaffi attempted it, as well as Saddam Hussein and look how that worked out for them. Iran, Syria, China, Russia all want to. Economic warfare always precedes a hot war, in case you were wondering what’s around the corner.

 

 

One month ago, the bond market and political pundits did a double take when according to the latest Treasury International Capital report, Russia had liquidated virtually all of its US Treasury holdings, selling off the bulk of its US government bonds in just two months, March and April.

And with the US threatening to impose a new set of “crushing” sanctions on Russia, including in retaliation for the alleged Novichok nerve gas attack in the UK, Russia not only intends to continue liquidating its US holdings, but to significantly reduce its reliance on the US Dollar.

China, Russia, Iran Engaged in Aggressive Economic Cyber Spying

 

Counterintelligence report details foreign spies theft of advanced U.S. technology

Foreign spies from China, Russia, and Iran are conducting aggressive cyber operations to steal valuable U.S. technology and economic secrets, according to a U.S. counterintelligence report.

The report by the National Counterintelligence and Security Center, a DNI counterspy unit, concludes China is among the most aggressive states engaged in stealing U.S. proprietary information as part of a government-directed program.

China Industrial Policy Seeks to Steal ‘Crown Jewels’ of U.S. Tech

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White House exposes Chinese economic aggression

China’s government is using a multi-pronged strategy to systematically steal advanced American technology as part of economic aggression against the United States, according to a White House report.

The report, based in part on declassified intelligence from the Pentagon and intelligence agencies, provides some of the first public details on China’s industrial policies that have produced the world’s second largest economy, often at the expense of American companies.

Chinese Military Revamps Cyber Warfare, Intelligence Forces

Changes meant to improve PLA high-tech warfighting

A recent Chinese military reorganization is increasing the danger posed by People’s Liberation Army cyber warfare and intelligence units that recently were consolidated into a new Strategic Support Force.

The announcement of the military reorganization made on Dec. 31 by the Chinese government provided few details of what has changed for three military intelligence units formerly under the now-defunct General Staff Department.

Predictors of 1929 crash see 65% chance of 2015 recession

In 1929, a businessman and economist by the name of Jerome Levy didn’t like what he saw in his analysis of corporate profits. He sold his stocks before the October crash.

Almost eight decades later, the consultancy company that bears his name declared “the next recession will be caused by the deflating housing bubble.” By February 2007, it predicted problems in the subprime-mortgage market would spread “to virtually all financial markets.” In October 2007, it saw imminent recession – the slump began two months later.

The Jerome Levy Forecasting Center, based in Mount Kisco, New York, and run by Jerome’s grandson David, is again more worried than its peers. Its half-dozen analysts attach a 65 percent probability of a worldwide recession forcing a contraction in the US by the end of next year.

Is the U.S. Being Colonized By Red China?

Pundits and politicians alike, when excusing their strategic dealings with China, are quick to remind their audiences that today’s China is a “centuries old civilization” rich in tradition and ancient religious discipline. A Confucian civilization that is still upset over wrongdoings during the European colonization period.

Such a view is wrong. The China we are confronted with today is nothing like that pre-nineteenth century nation. Since the reign of Mao Tse-tung began in 1949, Communist China, much to the dismay, torture, and death of its own citizens, has been governed by tyrannical thugs, thirsty to expand their dictatorial regime and unrelenting in their hatred of Western Civilization and the United States.

Militarily, China has literally surrounded the US. Once there was a Monroe Doctrine to forbid any foreign power to exert influence in American’s back yard, meaning South, Central and North America. All nations respected that doctrine as America vigorously imposed it. That is until China played on the growing weakness of American foreign policy, as when Jimmy Carter gave away the Panama Canal and scuttled all American bases in one of the most the strategic locations of American defense. Since then, China has established relationships and bases in several South and Central American nations.

Britain ‘under attack’ in cyberspace

Britain is seeing about 70 sophisticated cyber espionage operations a month against government or industry networks, British intelligence has told the BBC.

GCHQ director Sir Iain Lobban said business secrets were being stolen on an “industrial scale”.

Officials say Chinese spies have targeted every sector of the U.S. economy

The Chinese are playing dirty in the international spy game, according to current and former intelligence officials at the highest levels of government.

“This is stealing American wealth.  It’s stealing American jobs.  It’s stealing American competitive advantage,” General Michael Hayden, former head of the Central Intelligence Agency and the National Security Agency, said in an interview with NBC News.