Netanyahu caught slamming EU on hot mic.
Israeli PM Benjamin Netanyahu has called the EU “crazy” and accused it of “undermining” itself because of how overly bureaucratic and political it has become.
Per the Iran Nuclear Review Act of 2015, the Trump administration is required to certify to Congress every 90 days that Iran is in compliance with the July 2015 nuclear deal (the Joint Comprehensive Plan of Action, or JCPOA) and that this agreement is in the national-security interests of the United States. The next certification is due on July 17, 2017.
It is crucial that the Trump administration, in the next JCPOA certification statement, correct the gross error it made in April, when it certified that Iran was complying with this agreement and that the JCPOA is in the national-security interests of our country. Unfortunately, the administration reportedly might make this same mistake again. Continue reading
Germany’s central bank is the Bundesbank. Prior to the commencement of trading of the euro in January 1999, the Bundesbank conducted Germany’s monetary policy. The Bundesbank has a reputation for pursuing general price-level stability above all else. You might say that the Bundesbank has inflation phobia. The reason for this Bundesbank inflation phobia is the remembrance of the hyperinflation Germany experienced between World Wars I and II. Given the US central bank’s recent actions, it would almost seem that the Fed has developed inflation phobia too. Continue reading
- Negotiators from the 11 remaining TPP countries are holding talks this week on how to ink a deal without Washington, but internal divisions are a key obstacle
- Vietnam and Malaysia, in particular, are looking to re-open discussions on certain provisions, complicating Japan’s desire to cement an agreement
As the 11 remaining Trans-Pacific Partnership countries continue talks without Washington this week, certain member states now need convincing to stay on board with the massive trade deal. Continue reading
“Financial Crisis Of Historic Proportions” Is “Bearing Down On Us”
John Mauldin of Mauldin Economics latest research note, Prepare for Turbulence, is excellent and a must read warning about the coming financial crisis. Mind refreshed from what sounds like a wonderful honeymoon and having had the time to read some books outside his “comfort zone” he has come to the conclusion that we are on the verge of a “major financial crisis, if not later this year, then by the end of 2018 at the latest.” Continue reading
Russia and China are working against the United States around the world, according to a Defense Intelligence Agency (DIA) report.
“Moscow and Beijing share a common interest in weakening U.S. global influence and are actively cooperating in that regard,” the DIA’s first annual report on Russian military power says.
The military intelligence agency stated in the report made public last month that defense cooperation between Russia and China is slowly expanding along with economic ties. Russian officials, according to the report, frequently praise Russia’s ties with China, and Russian President Vladimir Putin has said the Beijing-Moscow ties are the closest in a decade. Continue reading
Member of Iranian fighting force tied to IRGC turned away in Boston
An Iranian citizen identified as a senior member of the country’s Basij military force was caught trying to enter the United States posing as a cancer researcher, according to multiple sources familiar with the situation who told the Washington Free Beacon that the Trump administration should begin investigating how the individual was granted a U.S. visa in the first place. Continue reading
Before I get to Quarles and his qualifications, it’s important to understand the Fed and what it does. Its decisions are vital to every person on the planet who borrows or lends money (pretty much everybody) since it has enormous influence over global interest rates. Its board of governors also influences most other aspects of the global financial system, from regulating banks to how money is wired around the world. Continue reading
While the major media continues to hunt for the tiniest scrap of evidence of Trump-Russia collusion, Democrats openly tried to derail Donald Trump’s campaign and, when that proved unsuccessful, his agenda as president, using a phony dossier whose author got his disinformation from – Russia.
Democrats have widely circulated the discredited dossier by ex-British intelligence agent Christopher Steele, who was paid by the Democrat-funded opposition research firm Fusion GPS with money from a Hillary Clinton supporter.
“If anyone colluded with the Russians, it was the Democrats,” a former Trump campaign adviser who asked not to be identified because of the pending investigations, told Rowan Scarborough in a July 11 report for The Washington Times. Continue reading
Dissident reveals up to 18,000 Americans recruited as Chinese agents
Beijing’s spy networks in the United States include up to 25,000 Chinese intelligence officers and more than 15,000 recruited agents who have stepped up offensive spying activities since 2012, according to a Chinese dissident with close ties to Beijing’s military and intelligence establishment.
Guo Wengui, a billionaire businessman who broke with the regime several months ago, said in an interview that he has close ties to the Ministry of State Security (MSS), the civilian intelligence service, and the military spy service of the People’s Liberation Army (PLA).
“I know the Chinese spy system very, very well,” Guo said, speaking through an interpreter, in his first American interview. “I have information about very minute details about how it operates.” Continue reading
After building out Merrill’s mortgage trading floor basically from scratch, then moving to the buyside at Pimco, several weeks ago Harley Bassman, more familiar to many traders as the “Convexity Maven” – a legend in the realm of derivatives (he helped design the MOVE Index, better known as the VIX for government bonds) – decided to retire (roughly one year after his shocking suggestion that the Fed should devalue the dollar by buying gold).
But that did not mean he would stop writing, and just a few days after exiting the front door at 650 Newport Center Drive in Newport Beach for the last time, Bassman wrote his first full article as a “free man”, in which the topic was, not surprisingly, derivatives and specifically the recent collapse in vol – and convexity – what prompted it, but most importantly and what everyone wants to know: what threshold would be sufficient to finally launch the next “critical mass” market move (i.e. crash) and, just as importantly, what could catalyze it. Continue reading
– China and Russia allied on Syria and North Korea
– Beijing & Moscow economic & monetary ties deepen
– Trump needs Russia in order to maintain balance of power in superpower triumvirate
– Sino-Russian relations currently in their “best time in history” says Chinese President ahead of G20
– China, Russia call for calm diplomacy on Syria, Korea
– China, Russia “fed up with Washington’s pursuit of hegemony”
– US is “biggest source of global strategic risks” according to China state media
– Important calm and diplomacy prevails to prevent nuclear war
Last week a UN report stated that nationalism, protectionism and attitudes of “my country first” posed threats to the United Nation’s global goals. It seems that now more than ever Trump must get relations with the super powers, onto an even keel.
Trump is aware that the US has similar issues with Russia and that it must get Putin on side to a degree or at least neutral in order to confront the more powerful China. The US needs to work with President Xi Jinping on globally important matters such as North Korea. But there are elephants in the room which also must be confronted, namely currency manipulation, trade, climate change and deepening tensions in the South China Sea.
The “Deep State”, as networked centers of bureaucratic-media power in Washington has come to be known, harnesses so much power and comprehensive data on persons of interest in the Unites States that it can easily remove any obstacles threatening that power, analysts say.
One window into that world is provided by a confidential memo David Brock, of the George Soros-funded American Bridge, wrote in the weeks after the shocking election of Donald Trump:
“With 20,000 hours of video, 289 candidate research books, and the largest available archive of Trump research in the Democratic Party, we are uniquely prepared to take on the Trump administration, defeat Republicans who enable it, and rebuild progressive power in the states. Our new Trump War Room, launched within weeks of the election, is already scrutinizing the presidential transition and will vigilantly watchdog the personnel, policies, and practices of the administration. Our purpose is to keep Trump unpopular and make it more difficult for candidates who support him to get elected in 2018.” Continue reading
American and South Korean officials have said for over a year that North Korea would be able, within a very short time, to miniaturize a nuclear device, mount it on an intercontinental ballistic missile and hit the continental United States. The country’s test launch Tuesday didn’t conclusively demonstrate that Pyongyang has reached this point, but Alaska and Hawaii might already be within range — and US forces in South Korea and Japan certainly are. Continue reading
China’s dominance of this strategic sea gate is effectively complete.
As recently as July 2016, it looked as if conflict could erupt between the United States, China, and possibly some smaller Asian nations over Beijing’s belligerent drive to transform the South China Sea into a “Chinese lake.” That month, the already fraught situation became far more volatile when the Permanent Court of Arbitration at The Hague ruled against some of China’s territorial claims in the area, after which China vowed to use “all necessary measures” to safeguard its control of the region.
But now, despite the Trump administration’s decision on May 24 to conduct a naval action in the region, it is clear that China has emerged from this dispute victorious. The South China Sea—the vast, resource-rich region through which a third of global maritime commerce flows—is now the de facto territory of Beijing.
“It is, unfortunately, now game over,” said Mira Rapp-Hooper, a senior fellow at the Washington D.C.-based Center for a New American Security.
This “unfortunate” turn of the tides reveals America’s fading influence, China’s rising power (and increasing shrewdness about how to effectively use that power), and that the smaller Asian states are pragmatic and circumspect about these shifts.