America’s Cyber Vulnerabilities

ISTOCK.COM/MONSITJ

 

Cyber is the newest branch of warfare. Even in its baby stages, it has the potential to cripple the United States.

On the afternoon of Dec. 23, 2015, Ukrainian engineers from a Prykarpattya Oblenergo power station stared at a computer screen while the cursor progressed on its own across the monitor. The mouse on the table had not moved. But the cursor hovered over the station’s breakers, each one controlling power to thousands of Ukrainian citizens. Then, with one mouse click at a time, the hackers now in control of the power station began shutting off power to hundreds of thousands of Ukrainians.

At the same time, Kyivoblenergo employees watched as dozens of substations shut down, one by one. In their case, there was no phantom mouse. A computer on their network that they could not locate was being used by someone to shut down the power—and there was nothing they could do. Continue reading

Theresa May threatens US with trade war over Bombardier row

Theresa May threatens US with trade war over Bombardier row CREDIT: AP

 

Theresa May has threatened a trade war with the US after it slapped punitive tariffs on British-built aircraft, casting doubt on a key plank of her Brexit strategy.

The US Department of Commerce decided Bombardier aircraft, built in Northern Ireland, should be subject to 219 per cent import duty after the American aviation giant Boeing complained that Bombardier had been given unfair state aid.

The Government responded by warning that Boeing’s behaviour “could jeopardise” future Ministry of Defence contracts for its aircraft such as Apache helicopters. Continue reading

Soros To Make Ireland First Pro-Abortion Country

Hungarian government poster portraying financier George Soros and saying “Don’t let George Soros have the last laugh” is seen at an underground stop in Budapest, Hungary July 11, 2017.

 

The Catholic News Agency broke with the information first last year in an article telling of George Soros’ plan to use Ireland as a prototype to upend anti-abortion laws in Catholic countries around the world. At the time CNA reported: “With one of the most restrictive abortion laws in the world, a win there could impact other strongly Catholic countries in Europe, such as Poland, and provide much needed proof that change is possible, even in highly conservative places,” . Today that plan seems more defined after leaked information reveals more details. The agenda seems to no longer be hiding behind the “pro-choice” title, now it boldly seeks to create “pro-abortion” countries. 

Breitbart News reports that DCLeaks.com revealed last year that billionaire investor George Soros has been using his Open Society Foundation (OSF) to turn Ireland – what Planned Parenthood refers to as the “jewel in the crown of the pro-life movement” – into a pro-abortion country.  Continue reading

Russia threat triggers European military spending hike

Most nations in Europe have increased their military spending. (Photo: Finnish army)

 

A perceived threat from Russia has triggered a central European dash towards military spending.

Figures presented on Monday (24 April) by the Stockholm International Peace Research Institute (Sipri) show military expenditures in Central Europe grew by 2.4 percent in 2016. Continue reading

Secession as a Point of Leverage (II)

LONDON/BERLIN (Own report) – Scotland has established an investment center in Berlin, thereby reinforcing its economic ties to the EU and causing – with German support – new tension in Great Britain. According to critics, in its intended secession from the United Kingdom, for which it must establish economic security, the Scottish government is relying on German help. In fact, to increase the pressure on London to achieve the “softest” Brexit possible, Berlin and Germany’s regional governments are going out of their way to strengthen relations with Edinburgh. This is considered essential to German interests. Government advisors in Berlin are recommending using Ireland for obtaining influence in the negotiations concerning the borders between the Irish Republic and Northern Ireland. In the event of a “hard” Brexit, this border would be a particularly sensitive point. Berlin is also using EU foreigners, residing in the United Kingdom, as an additional bargaining chip. Chancellor Angela Merkel has refused to have their rights of residence clarified beforehand. Continue reading

EURO COLLAPSE: Italy to QUIT EUROZONE in final nail of coffin for EU, warns top economist

As corrupt as Varoufakis is, he’s right that the German-led EU wants to crush its own member states. Its aim is to make vassal states out of them.

 

Yanis Varoufakis and Italy

Yanis Varoufakis has warned Italy is about to quit the union

 

ITALY could be set to pull out of the Eurozone in what would be the final nail in the European Union’s (EU) coffin, Greece’s former finance minister has warned.

Yanis Varoufakis said there was an “epidemic” among countries using the single currency, with Italy the next to fall foul of Brussels’ economic malaise.

He also said Brexit would “speed up” the break-down of the bloc – before making a dig at Jeremy Corbyn.  Continue reading

Iran and Ireland broaden aviation cooperation

Iran’s Aviation Organization signed the first ever contract with Ireland on expansion of aviation cooperation such as observing flight operation, continued flight eligibility, issuance of technical aid, repair and maintenance. Continue reading

EU, not China or Japan, is the biggest US Treasury holder. And this is not a good sign.

biggest us treasury holders

 

US-based media have been reporting that Japan has become the biggest holder of the US treasuries, surpassing China last month. However, this is true only in regard to single countries. If we consider the European Union member states collectively, then they appear to be the biggest holder of the US treasuries. It has been so almost one year long. Unfortunately, the EU’s holdings are artificially overstated because of some financial havens and they are going in the opposite direction to the trend: up rather than down. Continue reading

European Central Bank gold reserves held across 5 locations. ECB will not disclose Gold Bar List.

Table 1: Central bank FX and Gold transfers to the ECB, January 1999

 

The European Central Bank (ECB), creator of the Euro, currently claims to hold 504.8 tonnes of gold reserves. These gold holdings are reflected on the ECB balance sheet and arose from transfers made to the ECB by Euro member national central banks, mainly in January 1999 at the birth of the Euro. As of the end of December 2015, these ECB gold reserves were valued on the ECB balance sheet at market prices and amounted to €15.79 billion. 

The ECB very recently confirmed to BullionStar that its gold reserves are stored across 5 international locations. However, the ECB also confirmed that it does not physically audit its gold, nor will it divulge a bar list / weight list of these gold bar holdings.

Questions and Answers

BullionStar recently put a number of questions to the European Central Bank about the ECB’s gold holdings. The ECB Communications Directorate replied to these questions with answers that appear to include a number of facts about the ECB gold reserves which have not previously been published. The questions put to the ECB and its responses are listed below (underlining added): Continue reading

WAR GAMES: Panic as two Russian bombers blast across Europe – causing FOUR countries to scramble fighter jets to intercept them

The UK, Norway, France and Spain all intercepted the TU-160 planes

FOUR European countries were forced to scramble fighter jets after two Russian Blackjack bombers blasted across the continent, it has been revealed.

The UK, Norway, France and Spain all intercepted the TU-160 planes as they made a daring flight from Norway to northern Spain and back. Continue reading

US accused of waging economic war on Deutsche Bank

Global Geopolitics called it, you witnessed it: The United States and Germany, though the European Union it dominates and runs, are locked in economic warfare against one another.

It’s a very dangerous game America is playing by trying to gut the largest economy in the world, the European Union, especially when nations are beginning to jump to the Sino-Soviet bloc.

 

German parliament’s economics committee chairman Peter Ramsauer says he believes the $14 billion fine being leveraged against Deutsche Bank is part of a long US tradition of waging trade and economic war.

  • Ramsauer to Welt am Sonntag: Washington has a “long tradition” of waging trade wars, if they are favorable to the US economy, and the Deutsche Bank case is an example of that.
  • “The threat to force Deutsche Bank to pay a $14 billion fine over its mortgage-backed securities business before the 2008 global crisis has the characteristics of an economic war.”
  • “Extortionate damages claims” in the case are an example of that.” Continue reading

Ireland “Especially Exposed” To “International Shocks” Warns Central Bank

Ireland remains especially exposed to another financial shock because of the extremely high levels of public and private debt, the open nature of the economy, and Brexit, Irish Central Bank Governor Philip Lane has warned in a pre-budget letter to Minister for Finance, Michael Noonan.

“Ireland is especially exposed due to the legacy of high public and private debt levels, the sensitivity of small, highly-open economies to international shocks and Brexit-related vulnerabilities,” Ireland’s Central Bank Governor said.

The letter was covered in the Irish Independent, Irish Times and Irish Examiner. This is something we covered in our interview with Max Keiser last week – see here. Continue reading

Europe on the Brink of Complete Chaos?

 

There are so many incidents with the refugee crisis in Europe that the blog could be filled with that subject alone. Even the press in Germany is starting to shift after countless incidents from knife attacks to a gang beating and robbing British tourists in the same square in Cologne, Germany. Not to mention the media’s failure to report things like the attack on women in Cologne and the protest in Frankfurt during the opening of the ECB that set the city on fire. Continue reading

EU plans moving bank regulator from London as euro zone eyes City business

As Germany dominates everything Europe, Frankfurt looks like the likely winner in becoming the world financial hub.

 

BRUSSELS: The EU is preparing to move its European Banking Authority from London following Britain’s vote to leave the Union, EU officials said on Sunday, setting up a race led by Paris and Frankfurt to host the regulator.

Coming a day after Britain’s Jonathan Hill resigned and was replaced as EU financial services chief by the Commission’s “Mr. Euro” Valdis Dombrovskis, the move underlines how the City of London can expect to be frozen out of EU financial regulation – and possibly from Europe’s capital markets – depending on the terms of Brexit.

While those who argued for Britain to leave the EU said the financial industry would thrive without EU shackles, some of its biggest employers including JPMorgan are scouring Europe to find new locations for their traders, bankers and financial licenses. Continue reading

The European Union: Government by Deception

I stumbled upon an article by Day of the Jackal author Frederick Forsyth, published last week in the Daily Express, that I think every Briton and European and everyone else should read. Forsyth doesn’t delve into the American pressure to form a European Union as a counterweight to the Soviet Union, he sticks with ‘founding father’ Jean Monnet and his reasoning behind the particular shape the Union took. And that is bad enough.

All Forsyth has to do is to quote from Monnet’s work, and I have to admit that while reading it I increasingly got the feeling that it’s quite remarkable that no-one, especially no journalist, does this. It’s there for everyone to see, but that means little if and when no-one actually sees it.

I have repeatedly talked about how the very structure of the EU self-selects for sociopaths and/or worse, but perhaps not enough about how that was deliberately built into the design. A feature not a flaw. Continue reading