US Will Be “Defenseless” Against New Russian Nuclear Sub Equipped With Hypersonic Missiles

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The Soviet-era arms race between the US and Russia is officially back on.

To wit, Moscow is reportedly building a fleet of nuclear submarines armed with hypersonic ICBMs capable of delivering a nuclear payload ten times larger than the bomb dropped on Hiroshima, according to CNBC, which cited a US intelligence report on the new weapons. Russian President Vladimir Putin hinted at six new super weapons during a speech back in March where he also revealed that Russia is working on a nuclear missile capable of evading NATO’s ring of ABM defenses. Continue reading

Russia is looking for nuclear missile that went missing, US sources claim

Russian nuclear-powered missile

 

Russia is preparing to carry out an extensive search for a nuclear-powered missile that went missing during a test several months ago, according to American intelligence sources. The missing missile appears to be part of a new Russian-made weapon system that President Vladimir Putin boasted about earlier this year. During his annual state-of-the-union speech in Moscow on March 1, Putin said that Russia had developed a new type of nuclear-powered missile with a virtually unlimited range. This new type of weapon, said the Russian president, could fly indefinitely and thus deliver nuclear warheads to any target around the world. Additionally, the new system was designed in such a way that it could evade every known missile defense system and was thus “invulnerable to interception”, he claimed. Continue reading

The Fed Is on a Collision Course

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U.S. Federal Reserve Eccles Building, 1937

 

Is the Trump economic boom a mirage? The data say yes, but the Fed models say no. The Fed has a long track record of sticking to its model-based approach and missing major turns in the U.S. economy.

Current Fed policy will push the U.S. economy to the brink of recession later this year. When that happens, the Fed will have to reverse course and ease monetary policy. This will send the dollar crashing while gold and the euro soar.

At first, the claim that the Trump economic boom is nothing special seems contrary to the happy-talk headlines coming from CNBC, Fox Business, Bloomberg and other mainstream business media outlets. Continue reading

The Road to War: China vs the US

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In 2016 Steve Bannon, President Donald Trump’s former chief strategist, declared that there was no doubt, in his mind, that the US would go to war with China in the South China Sea in the next five to 10 years.

A US-Chinese military conflict would be on top of a vow by Trump in his inaugural presidential address, to not only take on radical Islamic terrorism but to “eradicate it from the face of the Earth.” This would be done by building up America’s already supreme military. “Our military dominance must be unquestioned,” the billionaire businessman, who now controlled the most powerful political office in the world, declared in his first address to the nation.

A year and a half after that speech, the United States is not at war with China, but its economic saber-rattling is arguably the beginning of a confrontation between the world’s largest and second-largest economies. Trump’s tariff threats against not only China but Europe, Canada, Mexico and its other trade partners, are also symbolic of a shift in US foreign policy towards a more isolationist stance – one that may not strictly be due to Trump’s belligerent personality. This article will get into the antecedents of this economic and military showdown and point the way to some possible future scenarios, including a war in space. Continue reading

Russia hypersonic weapon likely ready for war by 2020: US intel

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In this video grab provided by RU-RTR Russian television via AP television on Thursday, March 1, 2018, a computer simulation shows the Avangard hypersonic vehicle en route to target. (RU-RTR Russian Television via AP)

 

  • Russia has successfully tested a hypersonic weapon the United States is currently unable to defend against, according to sources with direct knowledge of U.S. intelligence reports.
  • The Avangard hypersonic glide vehicle is expected to enter Russia’s arsenal by 2020.
  • The weapon could be outfitted with a nuclear warhead but would be able to create destruction even without explosives.

A Russian weapon the U.S. is currently unable to defend against will be ready for war by 2020, according to sources with direct knowledge of American intelligence reports.

The sources, who spoke to CNBC on the condition of anonymity, said Russia successfully tested the weapon, which could carry a nuclear warhead, twice in 2016. The third known test of the device, called a hypersonic glide vehicle, was carried out in October 2017 and resulted in a failure when the platform crashed seconds before striking its target.

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Bolton And Mattis Feud Over Syria Strike As Assad Evacuates Weapons

 

  • The Syrian government and Hezbollah have reportedly evacuated weapons from key locations
  • Assad has moved planes to a Russian-operated base
  • The UK Cabinet has agreed to back military action against the Syrian government
  • US National Security Advisor John Bolton and Defense Secretary James Mattis are reportedly feuding over the strategy in Syria, with Mattis favoring a more cautious approach
  • The U.S., France and Britain are crafting broad strike plans
  • A readout of a Thursday phone conversation President Trump and UK Prime Minister Theresa May suggests that military action may be days away, instead of hours

The latest reports rolling in from Syria suggest that both the Assad regime and Hezbollah have evacuated weapons from likely targets, after CNBC revealed that the U.S. has selected 8 targets to strike, including two airfields, a research center and an alleged chemical weapons facility – after US officials told a reporter they were “fairly confident” the Syrian regime had been behind a gas attack in a rebel-held suburb of Damascus.

Mr. Assad was moving to protect his air force by moving planes to a Russian-operated base equipped with sophisticated air defenses, according to pro-regime media. –WSJ

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Six U.S. intelligence agencies warn against using Huawei phones

See also:

Intel Chiefs Sound Alarm on China Threat

The Secret Ways of Chinese Telecom Giant Huawei

Australian parliament reviews use of Chinese-made cell phones

 

Six intelligence officials, including the heads of the CIA, FBI, and NSA, have told the Senate Intelligence Committee that they would not recommend that U.S. citizens use smartphones from the Chinese companies Huawei and ZTE, reports CNBC. As FBI director Chris Wray told the committee:

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David Stockman: Trump tax reform overhaul is a pipe dream, stocks are heading for 40-70% plunge

Please see the source for the video.

 

David Stockman is warning about the Trump administration’s tax overhaul plan, Federal Reserve policy, saying they could play into a severe stock market sell-off.

Stockman, the Reagan administration’s director of the Office of Management and Budget, isn’t stepping away from his thesis that the 8½-year-old rally is in serious danger.

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Liberal Billionaire George Soros Will Spend More on the 2018 Midterm Race Than Ever Before

Billionaire liberal donor George Soros

 

Controversial billionaire George Soros will spend more on the 2018 midterm elections than in any previous one.

In 2010, the Supreme Court ruled in Citizens United v. Federal Election Commission that corporations, unions, and certain nonprofits should be allowed to raise and spend unlimited amounts of money to advocate for and against political candidates.

Since then, Soros has raised $5 million for Democratic politicians in midterm elections.

Specifically, Soros took advantage of this ruling by using his Open Society Foundation (OSF) as a major contributor hub for the politicians and legislative proposals he liked best.

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Global credit crunch WARNING issued on debt bubble as current trends mirror 2008 crash

crash

A indicator tracking credit is following a worrying trend [Getty]

 

WARNING signals have been felt today after a key credit indicator mirrored the same pattern experienced ahead of the financial crisis of 2008, in a eerie sign that the global economy is heading for another downturn.

A key UBS credit impulse which monitors the changes in credit volume has tumbled by six per cent of GDP since last year.

It mirrors the same movement seen before the financial crisis 10 years ago, raising fears the global bubble could be about to burst and another credit crunch. Continue reading

More EU integration Inevitable: Mercron will be forced to federal EU or eurozone will die

Angela Merkel and Emmanuel Macron

German chancellor Angela Merkel and new French president Emmanuel Macron [GETTY]

 

THE European Union single currency will only survive through even GREATER integrations, analysts have warned.

Eurozone nations will have to find ways of working more closely together despite growing anti-EU sentiment in some countries and the fallout from Brexit.

Analyst Antonio Barroso, managing director at Teneo Intelligence, told CNBC: “I think further integration is inevitable, especially if member states want to make the euro zone sustainable in the long term. Continue reading

Xi wants Japan in AIIB as Beijing and Tokyo mend fences

Toshihiro Nikai, secretary-general of Japan’s Liberal Democratic Party, left, and Chinese President Xi Jinping at a meeting in Beijing on May 16. © Kyodo

 

Abe government may reconsider membership in China-led investment bank

TOKYO — Japan could reopen talks on whether to join the China-led Asian Infrastructure Investment Bank, a senior lawmaker signaled Tuesday after meeting with Chinese President Xi Jinping to discuss improving bilateral ties.

Toshihiro Nikai, secretary-general of Japan’s ruling Liberal Democratic Party, did not discuss the matter with Xi directly during the pair’s 17-minute talk in Beijing on Tuesday, which was concerned mainly with the possibility of Chinese leaders including Xi visiting Japan and Prime Minister Shinzo Abe visiting China. But Nikai told a news conference afterward that he would discuss the matter thoroughly with Abe when he returns home. Continue reading

“Sell Everything Now” David Stockman Warns, America Faces “Total Disaster…Partisan Warfare”

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“Under a Trump victory, all bets are off,” warns former Director of the Office of Management and Budget under President Ronald Reagan, David Stockman. “I like [Trump] because he’s against the establishment, but he has no economic program. Yes, he’s a disruptor, but has nothing to disrupt with,” Stockman told CNBC, “if elected, it will be partisan warfare and a total disaster.”

“The markets are hideously inflated… If you don’t sell before the election, certainly do it afterwards. Government is going to be totally paralyzed regardless of who wins… There could be a 25 percent draw down on markets.” Continue reading

Alan Greenspan says British break from EU ‘is just the tip of the iceberg’

 

Former Fed Chairman Alan Greenspan told CNBC on Friday the U.K. vote to leave the European Union ushers in a period that’s even worse than the darkest days of October 1987.

Britons voted by 51.9 percent to quit the 28-country union, shocking markets that had priced in a win for the remain camp.

“This is the worst period, I recall since I’ve been in public service,” Greenspan said on “Squawk on the Street.” Continue reading

German 10-year sovereign bond yields turn negative for first time

 Video commentary available at the source.

 

The yield on the 10-year benchmark German bund fell into negative territory for the first time ever on Tuesday morning, amid global growth concerns and jitters over the U.K.’s upcoming referendum on its European Union membership.

At around 8.30 a.m. London time, the yield hit zero and briefly fell into negative territory as investors continued to flock to safe-haven assets. Bond prices and yields move in opposite directions and a negative yield implies that investors are effectively paying the German government for the privilege of parking their cash.

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