Signs Point to a Global Slowdown

Signs Point to a Global Slowdown

 

As gold has struggled through 2018, (down over 10% from $1,363/oz. on January 25 to $1,215/oz. today), my forecast for a strong year-end for gold has remained unchanged.

This forecast is based on a better-late-than-never realization by the Fed that they are overtightening into fundamental economic weakness, followed quickly by a full-reversal flip to easing in the form of pauses on rate hikes in September and December.

Those pauses will be an admission the Fed sees no way out of its multiple rounds of QE and extended zero interest rate policy from 2008 to 2013 without causing a new recession. Once that occurs, inflation is just a matter of time. Gold will respond accordingly. Continue reading

US Preparing To Bomb Iran’s Nuclear Capabilities As Soon As Next Month: Report

When you hear of wars and rumors of wars, do not be alarmed. Such things must happen, but the end is still to come.

Mark 13:7

 

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As the White House convenes a policy meeting on Iran Thursday involving senior Pentagon officials and cabinet advisers under national security adviser John Bolton, and after a week of intense saber-rattling by President Donald Trump and his Iranian counterpart Hassan Rouhani, a new bombshell report by Australia’s ABC says the White House is drawing up plans to strike Iran’s alleged nuclear facilities as early as next month.

Senior figures in the Australia’s Turnbull government have told the ABC they believe the US is prepared to bomb Iran’s nuclear capability. The bombing could be as early as next month. —ABC report Continue reading

Struggle for Influence in the Western Pacific (I)

BERLIN/WASHINGTON (Own report) – The US-led RIMPAC 2018, the world’s largest naval maneuver, began yesterday with German soldiers participating. According to the US Navy, the naval exercise will also include operations in the Western Pacific. The region of the Southwest Pacific islands will thus come into focus, which – even though largely ignored by the European public – has been gaining significant global influence. On the one hand, the influence of Western countries has shrunk recently, while that of their strategic rivals, such as Russia and China, has significantly grown. Some Pacific island nations have since then been seeking to pursue a foreign policy independent from the West. On the other hand, the Southwest Pacific has become even more important also for Australia and the Unites States: as the political economic backyard for Australia and “gateway to the Indo-Pacific” for the U.S.A. Germany is also attempting to increase its activities in the region.

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War Games in the Pacific

WASHINGTON/BERLIN (Own report) – German soldiers will soon participate in maneuvers in the Pacific and will be on hand as observers on patrols in the South China Sea, according to announcements by the US Navy and the French Minister of Defense, Florence Parly. At a top-level conference in Singapore last weekend, Parly declared that Paris will dispatch warships to the South China Sea in the next few days and will also navigate through the territorial waters of Islands China claims as its territory. According to Parly, German military observers will embark on these ships. At the same time, German soldiers are preparing their participation in the US led RIMPAC 2018 maneuver, taking place mainly near Hawaii. RIMPAC is the world’s largest international maritime exercise. During RIMPAC 2016 German soldiers trained in “liberating” an island, which, according to the scenario, was held by the “Draco” militia. “Draco” is the Latin term for “dragon” – a symbol for China.

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Facebook shared user data with Chinese firm despite warnings by US intelligence

Huawei

 

The online social media company Facebook shares data about its users with a Chinese telecommunications company that has been flagged in United States government reports as a threat to security. The New York Times revealed on Tuesday that Facebook has been routinely giving access to the private data of its users to four Chinese companies since at least 2010. The paper said that the data-sharing agreement with Lenovo, Oppo, TCL, and Huawei Technologies, has its roots in 2007. That was the year when Facebook began an effort to entice cell phone hardware and software manufacturers to include Facebook-friendly apps and features in their products. As part of the agreement, Facebook gave cell phone manufacturers access to its users’ private data, including “religious and political leanings, work and education history and relationship status”, said the Times. Continue reading

Mattis Announces Name Change for U.S. Pacific Command

Adm. Harry Harris, Chairman of the Joint Chiefs of Staff Gen. Joe Dunford, Defense Secretary Jim Mattis and CNO Adm. John Richardson (L-R) attend a change of command ceremony / Getty Images

 

Secretary of Defense James Mattis announced Wednesday that the Pentagon was renaming U.S. Pacific Command to Indo-Pacific Command in order to better reflect regional priorities.

Mattis made the announcement at Joint Base Pearl Harbor Hickam on Wednesday during a change-of-command ceremony for the U.S. military’s oldest and largest geographic unified combatant command. Continue reading

Chinese influence in New Zealand threatens intelligence-sharing, says Canadian report

CSIS canada

 

The report, entitled China and the Age of Strategic Rivalry, was authored by experts at the Canadian Security Intelligence Service (CSIS). It contains a summary of views expressed by participants at an academic outreach workshop that was organized in Canada by the CSIS. In a section focusing on Chinese “interference in democratic systems”, the report suggests that, despite its small size, New Zealand is “valuable to China […] as a soft underbelly through which to access Five Eyes intelligence”. In recent years, claims the report, Beijing has adopted “an aggressive strategy” that has sought to co-opt political and economic elites in New Zealand as a means of influencing political decision making in the country. As part of that process, China seeks to gain advantages in trade and business negotiations, suppress negative views of China, facilitate espionage and control the views of the Chinese expatriate community in New Zealand, according to the report. Ultimately, Beijing seeks to “extricate New Zealand from […] its traditional [military and intelligence] partners]” as a means of asserting its regional and —eventually— global influence, the report concludes. Continue reading

What will India’s role be in the SCO?

Next month the heads of state of India and Pakistan will attend, for the first time as full members, the Shanghai Cooperation Organization Summit, being held in Qingdao, China. Pakistan was already engaged with SCO member states through the Belt and Road Initiative (BRI). Joining the SCO will reinforce Pakistan’s position and integration into the region.

However, regarding India, there are few clarifications needed. What will India’s role be in the SCO? How well can India integrate into the SCO? What are the expectations? Continue reading

China Plans Network of Indian Ocean Bases: Security Analyst

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The Maldives is moving closer to China and Beijing may be interested in taking over the old British air base on Gan in the south of that archipelago

China has plans to establish a network of naval and air bases in the Indian Ocean, according to an article by David Brewster posted on the website of the Lowy Institute, the Australian think-tank, on May 15.

Brewster, who is with the National Security College at the Australian National University in Canberra, argues that Beijing’s aim is to support China’s growing strategic imperatives in the region. Continue reading

China Rapidly Building Advanced Arms for Use Against U.S.

China Holds Military Parade To Commemorate End Of World War II In Asia

China Holds Military Parade To Commemorate End Of World War II In Asia (Getty Images)

 

Space weapons, drones using artificial intelligence priority in Beijing military buildup

China is rapidly building space weapons and other advanced arms infused with artificial intelligence capabilities as part of Beijing’s bid for military dominance, according to a congressionally sponsored study.

Anti-satellite missiles and orbiting killer satellites, swarms of attack drones, hypersonic missiles, maneuvering warheads, lasers, and high-speed rail guns are key systems China is fielding in the coming years in a bid to leap ahead of the U.S. military supremacy. Continue reading

US cannot stop China’s innovation advancements

It would appear that the US is seriously worried about China’s technological advancements. Fearing the loss of the last comparative advantage over the Asian superpower has caused a genuine concern over national defense and competitiveness among America’s ruling elite.

The US using every possible means to curb Asia’s technological rise, including the banning of sales of essential chips to ZTE for seven years, invoking Section 301 of the Trade Act to investigate China’s “unfair trade practices” and barring investment in the information-technology sector. The Donald Trump administration’s target might be the Asian power’s “Made in China 2025”, a strategy meant to make China self-sufficient in an array of technologies.

The 301 investigation was meant to slow down China’s technological advancements by imposing stiff tariffs on a host of Chinese imports and barring the sales of US technology to Chinese firms. In addition, the anti-China faction of the US Congress and the Trump administration have barred Chinese investment in technology sectors. Continue reading

China’s Xi Says The Task Of Building A Strong Navy “Has Never Been More Urgent”

 

While most of the world remains fixated on Syria and Russia, China’s PLA Navy is in the midst of an unprecedented provocation in the South China Sea as a fleet of Chinese warships conducts its 3-day combat war drills in the waters south of Sanya, the southern tip of China’s Hainan Island.

With China’s presence in the waters off its southeastern coast growing increasingly threatening, President Xi Jinping declared on Thursday that the task of building a strong navy “has never been as urgent as present”. His remarks were part of a speech made during the country’s largest fleet review since 1949. Continue reading

World War 3: Britain sends THIRD warship to Asia-Pacific as tensions rise with North Korea

HMS Sutherland is being deployed to the Pacific (Beutner/ullstein bild via Getty)

 

THE UK has deployed a third navy warship to the Asia-Pacific as diplomatic tensions with North Korea continue to rise. HMS Albion will join HMS Sutherland and will help enforce UN sanctions against North Korea, as well as take part in joint training and exercises with regional allies.

The Ministry of Defence previously announced that HMS Argyll would also be deployed, arriving in the region later in the year to take part in an exercise with Australia, Malaysia, New Zealand and Singapore. Continue reading

The U.S. Should Be Reaching out to Russia — Not Risking War

 

There’s no greater villain in the world today than Vladimir Putin. He stands accused in the media and global public opinion of rigging his recent reelection, imprisoning his political enemies, murdering Russian spies turned double-agent, meddling in Western elections, seizing Crimea, destabilizing Ukraine, supporting a murderous dictator in Syria and exporting arms to terrorist nations like Iran.

The list of bad acts laid at Putin’s feet is much longer than the one just recited, but you get the idea. He’s no Mr. Nice Guy. Continue reading

Willing to go to War

MUNICH(Own report) – The Munich Security Conference, which ended yesterday, was marked by appeals for “Europe” to be more willing to go to war and have a resolute EU “global projection of power.” In addition to a significant arms buildup, the EU needs a “common desire to actually use its military weight,” German Defense Minister Ursula von der Leyen admonished. German Foreign Minister Sigmar Gabriel warned that Europe’s future “projection of power” cannot “do without” military force. Currently, this is not yet possible without the involvement of NATO or US armed forces; however, cooperation with Washington should be “on a par” and “not as deputies.” In the foreseeable future, the EU will be able to buildup its arms to such an extent that it will no longer need US support. Gabriel branded Russia and China – current “rivals” to the Western “system” – as “autocracies.”

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