India To Build Major Overseas Military Base Off Africa To Combat China

 

India is preparing to construct a significant overseas military base on an island in Seychelles, an archipelago of 115 islands in the Indian Ocean, off East Africa to counter growing Chinese influence in the Indian Ocean.

Last month, Seychelles and India signed a twenty-year agreement, permitting the Indian military to build an airbase and naval installations on Assumption Island, a small island in the Outer Islands of Seychelles north of Madagascar, said Seychelles News Agency. Continue reading

China’s Achilles Heel

Image credit: Poster Collection, US 3481, Hoover Institution Archives.

 

The best political commentary out of East Asia last week is the one published on December 15 by South Korea’s second largest newspaper, Dong-A Ilbo. The paper’s editors asked a question on the mind of the entire Korean nation after their president had been outrageously snubbed by the Chinese leadership during his four-day state visit to the communist country, and Korean reporters accompanying their president’s visit were savagely beaten by thuggish Chinese security guards: “China should reflect on this question: why is it that for such a big country, there is hardly any neighbor that can be described as China’s friend?” Continue reading

Russia Sharply Expanding Nuclear Arsenal, Upgrading Underground Facilities

Russian President Vladimir Putin

Russian President Vladimir Putin / Getty Images

 

Pentagon to boost U.S. weapons under nuclear posture review

Russia is aggressively building up its nuclear forces and is expected to deploy a total force of 8,000 warheads by 2026 along with modernizing deep underground bunkers, according to Pentagon officials.

The 8,000 warheads will include both large strategic warheads and thousands of new low-yield and very low-yield warheads to circumvent arms treaty limits and support Moscow’s new doctrine of using nuclear arms early in any conflict.

In addition to expanding its warheads, Russia also is fortifying underground facilities for command and control during a nuclear conflict. Continue reading

China and India sail into choppy waters in New Great Game

Looking out at the port of Chabahar. Photo: Reuters / Raheb Homavandi

 

This shadow play is a heady vortex, churning with power projections, spheres of influence, security and commerce

The New Silk Roads, known as the Belt and Road Initiative (BRI), will weave and interconnect six major economic corridors. At 12,000 kilometers, the Eurasia Land Bridge Economic Corridor is a rail network from eastern China to western Europe via Kazakhstan, Russia and Belarus.

Then there is the China-Mongolia-Russia Economic Corridor, while the China-Central Asia-West Asia Economic Corridor runs from Xinjiang to Istanbul. Nine new road links in the Greater Mekong help make up the China-Indochina Peninsula Economic Corridor. Continue reading

Russia, China, India Unveil New Gold Trading Network

Deputy Governors of the People’s Bank of China and Bank of Russia sign Memorandum on Gold Trading, Sochi, September 2017. Photo: Bank of Russia

 

One of the most notable events in Russia’s precious metals market calendar is the annual “Russian Bullion Market” conference. Formerly known as the Russian Bullion Awards, this conference, now in its 10th year, took place this year on Friday 24 November in Moscow. Among the speakers lined up, the most notable inclusion was probably Sergey Shvetsov, First Deputy Chairman of Russia’s central bank, the Bank of Russia.

In his speech, Shvetsov provided an update on an important development involving the Russian central bank in the worldwide gold market, and gave further insight into the continued importance of physical gold to the long term economic and strategic interests of the Russian Federation.

Firstly, in his speech Shvetsov confirmed that the BRICS group of countries are now in discussions to establish their own gold trading system. As a reminder, the 5 BRICS countries comprise the Russian Federation, China, India, South Africa and Brazil. Continue reading

Russia plans to create an ‘independent internet’ by 2018 to protect it from ‘global internet malfunctions’ – but critics say the plan could make it easier to launch its own attacks

The Russian government has revealed plans to develop an ‘independent internet’ that operates separately from the Domain Name System used worldwide. According to Russian news site RT, Russian President Vladimir Putin (pictured) is targeting August 1, 2018 for its completion

 

  • Russian Security Council met in October to discuss an ‘independent internet’
  • Would cover Brazil, Russia, India, China, and South Africa with alternative DNS
  • Currently, a global Domain Name System (DNS) is used to connect to internet
  • While they cited security concerns, others suggest it could be used maliciously

The Russian government has revealed plans to develop an ‘independent internet’ that operates separately from the Domain Name System used worldwide.

During a recent meeting of the Russian Security Council, officials discussed an initiative to create an alternative to the DNS, claiming the move could protect Russia and a handful of other nations in the event of a large-scale cyberattack. Continue reading

Former Kremlin Foreign Policy Advisor Karaganov: We Are In A New More Perilous Cold War

Sergey Karaganov (Source: Karaganov.ru)

 

Former Kremlin Foreign Policy Advisor Sergey Karaganov stated that the world is living in a new Cold War, which is worse than the previous one.[1] “Nowadays the risk of war is much greater than in the past. One of the reasons is that there is no system of agreements, no hot lines and no channels for consultation between the defense ministries. We have prevented a war in Europe by disrupting plans to involve Ukraine into Western alliances. If Ukraine had become a member of NATO, a war would have become unavoidable,” said Karaganov.

He further stated that Russia and China are the “main providers of security” in the world today, explaining that China is providing economic security, while Russia is providing military-strategic security. According to Karaganov, Europe is becoming increasingly focused on itself, while America is destabilizing the world. He then added that multipolarity that Russia had vigorously promoted in order to destroy the unipolar American system is no longer a goal in itself. “Now it is just a transitional period in the history of international relations,” said Karaganov.

Following are excerpts from Karaganov’s interview:[2]

Russia And China Are The Main Providers Of Security In The World Today

Continue reading

China builds world’s fastest wind tunnel to test weapons that could strike US within 14 minutes

The JF-12 hypersonic wind tunnel near Beijing is able to replicate hypersonic flight conditions. Photo: SCMP

 

Researchers want new facility to be up and running by 2020 as race to develop hypersonic technology intensifies

China is building the world’s fastest wind tunnel to simulate hypersonic flight at speeds of up to 12 kilometres per second.

A hypersonic vehicle flying at this speed from China could reach the west coast of the United States in less than 14 minutes.

Zhao Wei, a senior scientist working on the project, said researchers aimed to have the facility up and running by around 2020 to meet the pressing demand of China’s hypersonic weapon development programme.

Continue reading

Neighbors wary as China’s PLA modernizes, builds capability

Under Chinese President Xi Jinping, the People’s Liberation Army is undergoing massive changes as it is reorganized, resized and mobilized. On one hand, the PLA is also getting a bigger role in China’s strategic and foreign-policy outreach. On the other hand, it is shedding weight and becoming a leaner and more information-driven army.

These far-reaching changes will have implications for the region, as neighbors India, Japan and Vietnam and powers like the US and Australia watch closely. Continue reading

China Imports Russian S-400 Missiles

The S-400 in a picture from Wikipedia

 

The deal was originally made in July 2014, and Russia said in July last year that it would deliver them to China before 2018.

Continue reading

The Rise of China as a Superpower

Shanghai, China (ISTOCK.COM/LIUFUYU)

 

 

It is one of the most impressive economic and political miracles in modern times. And it isn’t over yet.

China is a sovereign state with a population of over 1.3 billion people. The nation possesses the world’s largest economy by some measurements, the world’s largest population and the fourth-largest territory.

These are the building blocks of a superpower. While the world anticipates China gaining superpower status, analysts debate over when and whether its rise will be peaceful.

The Trumpet forecasts that China will continue to grow as a formidable power, combining its strength with Russia. Further, we forecast that it will play a major role in waging economic war that will devastate America.

Where do these forecasts come from? Continue reading

Cracks in Dollar Are Getting Larger

 

Many Daily Reckoning readers are familiar with the original petrodollar deal the U.S made with Saudi Arabia.

It was set up by Henry Kissinger and Saudi princes in 1974 to prop up the U.S. dollar. At the time, confidence in the dollar was on shaky ground because President Nixon had ended gold convertibility of dollars in 1971.

Saudi Arabia was receiving dollars for their oil shipments, but they could no longer convert the dollars to gold at a guaranteed price directly with the U.S. Treasury. The Saudis were secretly dumping dollars and buying gold on the London market. This was putting pressure on the bullion banks receiving the dollar. Continue reading

How to Destroy a Nation

 

In The Possessed, Dostoyevsky has his character Shatov exclaim:

If a great people does not believe that the truth is only to be found in itself alone (in itself alone and exclusively); if it does not believe that it alone is fit and destined to raise up and save all the rest by its truth, it would at once sink into being ethnographical material, and not a great people…

Put another way, if a nation has confidence in itself, it continues as a viable political entity. Once it loses that, it lacks cohesion and becomes only a collection of random people living together. Continue reading

Former BIS Chief Economist Warns “More Dangers Now Than In 2007”

Bloomberg

 

Having warned in the past that “the system is dangerously unacnhored,” former chief economist of the Bank for International Settlements, William White, told Bloomberg TV overnight that the current situation “looks very similar to 2008,” adding that OECD sees “more dangers” today than in 2007. Continue reading

America’s Weapons: “The Dollar and the Drone”

 

It was said that “the guinea and the gallows” were the true instruments of British imperial power.

The guinea represented the coined wealth of Great Britain.

The gallows represented its… constabulary zeal in policing restless natives.

This is the 21st century of course… a time of enlightenment.

Today’s instruments of imperial power are no longer the guinea and the gallows.

No. Today’s instruments of imperial power are “the dollar and the drone.” Continue reading