Keeping a Promise Isn’t Always a Good Thing (depends on the promise)

 

Usually, this blog is devoted to understanding external economic warfare. Of course, there can be internal warfare as well. Just consider the oath to defend the Constitution from “all enemies, foreign and domestic.” Likewise, enemies of our free market economy are not limited to foreign threats.

We are now witnessing a nearly complete economic assault waged against what was once a significant portion of our domestic energy industry. Essentially, coal is bankrupt, with the collapse of Peabody as just announced. This is not a shock. In fact, it was a campaign promise of then Senator Obama. Continue reading

Beware a Wounded Dragon

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There are increasing reports from credible sources that the Chinese economic miracle may be collapsing. This has enormous implications for the rest of the planet. To some, this may be simply a natural transition as the Chinese economy matures, as suggested in a report from Financial Times.

To others, this is the collapsing of a debt-induced bubble, the failure illustrated by an actual Ponzi scheme that recently unraveled. While not everyone agrees China is in trouble, there is increasing concern that things are getting out of control. Capital flows out of China have gotten substantially worse as those with money are attempting to get it out of China as quickly as they can. Continue reading

Chinese General Calls for Attack on American Finances

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We have long warned that Unrestricted Warfare was underway and that its initial attack would be on our markets and finance. This was the strategy outlined in 1999 by two Senior Colonels in a book published by PLA Press, the official publisher of the Peoples Liberation Army (PLA). One of the authors of that 17-year old book just wrote an op-ed calling for an attack on American finances, according to an article in the Epoch Times:

Chinese General Says ‘Contain the United States’ by Attacking Its Finances

A major general in the Chinese military is calling for China to contain the United States by attacking its finances.

“That’s the way to control America’s lifeblood,” writes Maj. Gen. Qiao Liang, a professor at the People’s Liberation Army (PLA) National Defense University, in an op-ed published in China Military Online, the official mouthpiece of the PLA.

“To effectively contain the United States, other countries shall think more about how to cut off the capital flow to the United States while formulating their strategies,” he writes.

Continue reading

Why Would We Sell one of our Stock Exchanges to China?

In the past, China has threatened to nuke the U.S. Dollar (which they are now doing, albeit slowly) and literally exterminate Americans on the homeland where they guaranteed hand-to-hand combat is around the corner.

You could always read the following for more proof:

War Is Not Far from Us and Is the Midwife of the Chinese Century

China’s Military Threatens America: ‘We Will Hurt You’

China’s leader is telling the People’s Liberation Army to prepare for war

It would be insane to let enemies of your nation inside the gate, but the United States did just that. You can only wonder if enemies were already inside the gate via fifth column and just let the rest of their team in.

Further thought on an earlier story:

 

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A frightening article in today’s UK Telegraph suggests that another financial crisis could destroy capitalism as we know it. Let that sink in. Our system is at risk, as it was in 2008. As a reminder, consider this C-SPAN  interview with Representative Paul Kanjorski, wherein he described how our entire system almost collapsed. He stated in a very matter of fact way that if the collapse had continued, it would have been the end of our economic system and our political system, again “as we know it.” Continue reading

But China is our Friend…Right?

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It was an interesting week last week. For one thing, Chinese company Alibaba debuted as the largest IPO in the history of the world. Larger than the Initial Public Offerings of Facebook, Twitter, Google, Apple, and Microsoft combined. At the same time, there was a Senate report indicating that China hacked U.S. military contractors in a significant way at least twenty times in the past year. In America, we celebrated the success of Wall Street, earning $300 million or so in underwriter fees. In China, they celebrated finding a path to dethrone American technology dominance (from the official Chinese News Agency): Continue reading

Cyber War Underway

Certainly we hear about eBay being hacked. In fact, it was just revealed that a second security flaw exists. And, we all heard about the Chinese indictments last week. Don’t assume, however, that this means we are on top of the problem. Rather, we (at best) are top of the tip, almost oblivious to the enormous iceberg underneath. This was made plain in recent reporting by Bill Gertz, perhaps America’s preeminent national security reporter. Gertz is the reporter who initially broke the story on my Pentagon findings that there was evidence of financial terrorism at work in the 2008 market collapse. Continue reading

Putin is acting on his threats

For the past five years, we have warned that Vladimir Putin intended to remove the dollar as the world’s reserve currency. He understands what the Chinese have shared (from a February 2011 article in Quishi, the official Journal of the Central Committee of the Chinese Communist Party):

The fact that the U.S. dollar is the world’s reserve currency makes the U.S. a financial superpower . . .Therefore, for China to challenge the position of the U.S. dollar, it needs to take a path of internationalization and directly confront the U.S. dollar.

Putin has been scheming to get China and others to join him in unseating the dollar, thus ending perhaps America’s greatest strategic advantage as a superpower. Everything else is somewhat of a subterfuge. This is the real focus. The amazing thing is how little attention has been given to this truly systemic threat. Take a look at this Blog post as a reminder:

Putin’s Direct Threat: We Are Ready to Crash the Dollar (from Voice of Russia) Continue reading

Is the West Finally Waking up to Reality? Is it Too Late?

When we first started writing this Blog in 2011, few ever considered economic warfare. When we pointed out Vladimir Putin’s threats against the dollar, few paid attention. When we explained the risk of EMP, few cared to listen. When we stated that World War 3 could be around the corner, few understood. But, over the past weeks we have seen a slow recognition of these realities. The unfortunate thing is that this recognition is only beginning. And the threat is escalating quickly.

Here are some of the headlines and excerpts from four critical articles over the past week. The first from Ambrose Evans-Pritchard explains the reality of economic warfare:

US financial showdown with Russia is more dangerous than it looks, for both sides Continue reading

Putin’s Direct Threat: We Are Ready to Crash the Dollar (from Voice of Russia)

We have been saying for years that there is a global economic war underway. We have warned that Putin has long intended to attack America with a particular obsession with the reserve currency status of the United States’ dollar. Now, Voice of Russia states that it is time for the attack on the dollar to commence. This is a departure from the previous message on March 28 which stated:

“Russia is fully in control of the petrodollar and could cause the Dow Jones industrial average to plummet as it has never done before. One can wave the Stars and Stripes as long as one likes, but it’s a fact that the Russians can turn the US economy upside down . . . So far, Moscow has been in no rush to resort to extreme measures. Russia is going to react in a mirror-like way . . .”

Lately, China has led the BRICS efforts to dislodge the dollar from its position as the main global currency, but the “sanctions war” between Washington and Moscow gave an impetus to the long-awaited scheme to launch the petroruble and switch all Russian energy exports away from the US currency . Continue reading

The Failure of the American Perspective

World War III may well be underway just as surely as it was on 26 November 1941 when Japanese Admiral Yamamoto set sail for Pearl Harbor two weeks before the formal attack. Then, like now, Americans seemed blissfully unaware that their lives were about to change forever.

Now, it is even worse, as American arrogance assumes we will always be the world’s sole superpower. We tend to look at the world exclusively from our own perspective and that can be very dangerous. A variety of headlines demonstrate this, all of which assume American supremacy. One example, now obvious in hindsight, is when the President’s spokesman Jay Carney warned against buying and actually suggested shorting Russian stocks in light of U.S. sanctions on March 18. From the time of his comments until the end of the month, Russian stocks increased over 6%, far ahead of the U.S. stock market over the same period. Even as the Administration was warning against buying Russian shares, some very successful investors have recommended them. Continue reading

Target Hack Was Just the Tip of the Iceberg

There was a startling revelation from Senator Mark Warner. Basically, he admitted that there was more to the hacking of 100-million+ Americans credit cards than meets the eye. Here are some comments from CNBC:

Transcript:  ”In all this, we got a hint yesterday from senator Mark Warner from Virginia who suggested that U.S. Intelligence knows a lot more about this hack attack problem than it can say publicly. Take a listen to Mark Warner yesterday –‘Quite honestly, I think we’re going to see and I know from my role in the intel community this is a crime that happens daily to financial institutions, retailers at a level that frankly, if most Americans realized, I think would find rather confounding.’ So, Warner suggesting there that U.S. Intelligence knows more about this than American consumers do.”

Now, pair this statement regarding Target with comments from General Keith Alexander on 60 Minutes as reported in Forbes: Continue reading

Zimbabwe Adopts the Yuan

We could be seeing the beginning of the end, which has been years in the making. At first glance, the uninformed reader would say “Zimbabwe? Big deal.” However, avalanches don’t start off big, America’s enemy list is exponentially growing world-wide and is far from being untouchable, but most people who invest their time following the Kardashians couldn’t tell you that. As long as the malls are still open, everything is fine.

When the Zimbabwe currency collapsed, they began using U.S. dollars. It was a pretty smooth transition because at the time (2009), the dollar was really very stable. As the global reserve currency, the dollar attracted a great deal of support during the financial crisis. Of course, there were a few problems. One was that while there were plenty of dollar bills to use, there was very little change (meaning coins). The New York Times wrote a story about this reality in 2012: Continue reading

The Chinese Don’t Want Dollars Anymore

A trend has over time been building and the articles speak for themselves.

China Says That It’s No Longer in Their Interest

by KEVIN D. FREEMAN on NOVEMBER 22, 2013

Dollar Attacks Accelerate In Recent Weeks–Don’t Ignore This

by KEVIN D. FREEMAN on NOVEMBER 13, 2013 Continue reading

Forget the Shutdown, Our Next Problem is the Dollar

The chatter against the dollar as global reserve currency has ramped up in recent days. The risks are huge and largely ignored. Even allies are questioning how long the dollar can sustain its status in light of our enormous debt and deficit. Now, with the government shutdown in place and a political battle over the debt ceiling, our enemies are looking at the possibility of an attack on our currency during the confusion.

Sadly, too many believe that our dollar will remain permanently strong. Of course, these are in many cases the same people who would argue that deficits don’t matter and that the Treasury could mint $1 trillion platinum coins, essentially making up money out of thin air, and no one would complain. They are living in a fantasy world, emboldened by doctored government statistics that attempt to show there is no inflation in the system. Continue reading

It Doesn’t Fit the Narrative, Part Two

Most know who George Soros is, but perhaps not as much as they’d like to believe. More well-sourced and factual information about Soros can be found here — more than you could ever ask for, or want to know.

The intelligence community that we know no longer exists, as it has been infiltrated long ago and is redirecting its agenda.

Last October we explained how the Benghazi incident  highlighted the very sad politicization of the Intelligence reporting of the United States. Not at the functional level, but at various points in the political leadership. Click the link below and read the post in light of this week’s revelations:

It Doesn’t Fit the Narrative

To be fair, there were cases of politicization of defense and intelligence matters in the Bush years as well, with the media questioning whether or not there really were WMDs in Iraq and the whole Valerie Plame situation to name a couple of incidents.

In our case, we have first-hand evidence of a problem in this regard. We were repeatedly told that “no one wants to go there”  and that “it doesn’t fit the narrative” when we presented credible evidence of financial market manipulation that took place in 2008 and threats of worse going forward. In private meetings with Intelligence Officials, some privately acknowledged that “the narrative” prevented a thorough review of what took place in the financial crash. They said it was “in the past” and no one wanted to look back. Of course, this is from the same Administration that said last September’s Benghazi tragedy was “a long time ago.” Continue reading