China Mobilizes DF-26 Missiles in Response to Warship Passage

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Nuclear, intermediate-range anti-ship missiles shown on television after Navy warship sails S. China Sea

China has mobilized nuclear-capable intermediate-range missiles in response to the passage of a Navy warship near disputed islands in the South China Sea this week, according to state-run Chinese media.

The long-range, anti-ship ballistic missile known as the DF-26—dubbed the “Guam-killer” because of its ability to strike targets on the U.S. western Pacific island—was moved in northwestern China, China Central Television reported Wednesday. Continue reading

Russia De-Dollarizes Deeper: Shifts $100 Billion To Yuan, Yen, And Euro

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Russia is continuing to ramp up its efforts to move away from the American dollar.  The country just shifted $100 billion of its reserves to the yuan, the yen, and the euro in their ongoing effort to ditch the dollar.

The Central Bank of Russia has moved further away from its reliance on the United States dollar and has axed its share in the country’s foreign reserves to a historic low, transferring about $100 billion into euro, Japanese yen, and Chinese yuan according to a report by RTThe share of the U.S. dollar in Russia’s international reserves portfolio has dramatically decreased in just three months between March and June 2018.  The holding decreased from 43.7 percent to a new low of 21.9 percent, according to the Central Bank’s latest quarterly report, which is issued with a six-month lag. Continue reading

America Frozen Out of World Trade

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Yet another trade agreement excludes the U.S.

A new trade agreement that covers more than 13 percent of the world economy, accounting for 15 percent of global trade, was ratified by its first six countries on December 30. The Progressive Agreement for Trans-Pacific Partnership (cptpp) will cover 500 million people.

Australia, Canada, Japan, Mexico, New Zealand and Singapore will be joined by another four countries that have already signed but not yet ratified the agreement. Vietnam joins on January 14, while Brunei, Chile, Malaysia and Peru will join the deal 60 days after completing the ratification process. Continue reading

The Origin of the Next Financial Crisis

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Today, additional evidence that recession — or worse — is in sight.

But first, it appears the “Powell put” may extend the countdown clock…

Since Jerome Powell’s dovish comments on Friday, the Dow Jones has been up and away… as an addict thrills to the promise of additional stimulant.

It leaped another 256 points today. Continue reading

Invading Israel

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An IDF entry point to a Hezbollah tunnel from Lebanon (Jack Guez/AFP/Getty Images)

 

Iran’s war against Israel is heating up rapidly: Iran is moving beyond threats and mobilizing for hostilities.

Jerusalem—On Nov. 13, 2018, Israel Prime Minister Benjamin Netanyahu’s government was on the edge of collapse. In one 25-hour period, the Iranian-backed terrorist group Hamas launched over 400 rockets, missiles and mortars into Israel from the Gaza Strip. It was the largest single-day barrage ever. For those Israelis within range of the missiles, it was the last straw. I spoke to Israelis who experienced the attacks, and most of them emphasized the need to push back against Hamas to stop the incessant fire. Living under the constant threat of war and the stress of having less than 10 seconds to get to a bomb shelter is clearly taking a toll. Continue reading

Berlin hopes Mosque tax will give rise to ‘German Islam’

Since the 19th century, Germany’s Catholics and Protestants have paid church taxes in order to fund the churches and schools of their faith. Now, politicians in Europe’s largest country are considering extending the scheme to the Muslim population, as a way of reducing the influence of foreign countries and encouraging the growth of a “German Islam.”

A “mosque tax” would be modeled on the Kirchensteuer or “church tax” that is currently paid by more than half of all Germans, collected through the tax system, and distributed to Christian and Jewish organizations. It currently amounts to around 8-9% of a person’s salary. Continue reading

The Threat of Communism: Then and Now

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Soviet-era Dissident Vladimir Bukovsky speaks at an opposition meeting in Moscow, 17 December 2007. Bukovsky is a potential united oppostion candidate for president in Russia’s March 2008 presidential elections. AFP PHOTO / ALEXEY SAZONOV (Photo credit should read Alexey SAZONOV/AFP/Getty Images)

 

One of the most famous enemies of Soviet communism is Vladimir Bukovsky. He was tortured by Soviet authorities. He spent many years in Soviet prisons. He was even declared “insane” and sent to a psychiatric prison. When Bukovsky was exiled to the West, people paid lip service to his courage; but few heeded his warnings about Gorbachev’s Perestroika.

Bukovsky reminded everyone that all Soviet leaders were liars. Gorbachev, he said, was no exception—and was certainly no democrat. Like Lenin, Stalin, Khrushchev, and Brezhnev, Gorbachev was a liar and a hangman. But hardly anyone listened. Everyone wanted to believe the Cold War was over.

But how could we have won the Cold War? This was the inconvenient question Bukovsky asked. Random House senior editor Jason Epstein rejected Bukovsky’s question altogether. And so, Bukovsky’s book on the equivocal “fall of communism” was not published in English—until now.

Continue reading

Pentagon: Military Logistics System Not Ready for War With China or Russia

U.S. Marines participate in a military exercise

U.S. Marines participate in a military exercise / Getty Images

 

Defense Science Board warns military supply system ‘decayed’ and needs rapid upgrading

The strategic American military system for moving troops, weapons, and supplies over long distances has decayed significantly and needs rapid upgrading to be ready for any future war with China or Russia, according to a report by the Pentagon’s Defense Science Board.

A special task force on survivable logistics evaluated the military’s current airlift, sealift, and prepositioned equipment and supplies and found major problems with supporting forces during a “high-end” conflict. Continue reading

China Unveils New ‘Sky Hawk’ Stealth Drone

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(Photo Credit: Chinese Internet)

 

Video of the unmanned aircraft conducting test flights aired on CCTV.

The Chinese government has provided the world with the first glimpse of its new state-of-the-art stealth drone, the “Sky Hawk,” which was shown Saturday for the first time on China Central Television. Continue reading

China Could “Weaponize Cities” If Allowed To Dominate 5G Networks

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China’s push to dominate new wireless technology will give Beijing advanced capabilities for “mayhem and mass surveillance” if they are allowed to cominate [sic] 5G networks linking billions of devices, according to retired Air Force Brigadier General Robert Spalding.

Spalding was fired from the National Security Council last February after a memo leaked in which he argued for a government takeover of the nation’s 5G mobile network – an idea lawmakers and wireless companies flatly rejected. Continue reading

President Xi Orders Chinese Army To “Prepare For War”

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In just a few short days, China has proved that investors who have been underestimating the geopolitical risks stemming from the simmering tensions between the US and China over the latter’s territorial claims in the South China Sea and paranoia over the fate of Taiwan – a de facto independent state that President Xi Jinping is aggressively seeking to bring under the heel of Beijing – have done so at their own peril.

Earlier this week Xi Jinping, the Chinese emperor for life president provoked an angry rebuke from Taiwan’s pro-independence president when he demanded during a landmark speech earlier this week that Taiwan submit to “reunification” with Beijing.

And as if tensions between China and the international community weren’t already high enough amid a worsening economic slowdown that’s hurting global economic growth and a tenuous trade “truce” with the US,  in another speech delivered on Friday during a meeting of top officials from China’s Central Military Commission which he leads, Xi took his belligerent rhetoric one step further by issuing his first military command of 2019: that “all military units must correctly understand major national security and development trends, and strengthen their sense of unexpected hardship, crisis and battle.” Continue reading

Russia to Deploy Precision Strike Missiles in Western Atlantic

Kalibr missile firing

Kalibr missile firing

 

Kalibr cruise missiles will target Washington, East Coast cities

Russia is deploying long-range, precision cruise missiles to the western Atlantic that American defense officials say will allow Moscow to target Washington and other East Coast cities with conventional or nuclear attacks.

Moscow is adding Kalibr land attack cruise missiles to both warships and missile submarines that Moscow plans to use in Atlantic patrols near the United States, sorties that were once routine during the Cold War. Continue reading

Iran To Sail Warships Into The Atlantic, Pushing Near US Waters

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The new Iranian destroyer Sahand sails in Persian Gulf waters, Iranian Army via AP

 

At a moment a US aircraft carrier group led by the USS Stennis is stationed in the Persian Gulf, putting Iran’s military on edge, the Iranian navy has announced plans to deploy warships to the Atlantic starting in March, in a clear attempt to increase the operating range of its forces and extend into the United States’ backyard.

A top Iranian naval commander told the the Islamic Republic News Agency (IRNA) on Friday, “The Atlantic Ocean is far and the operation of the Iranian naval flotilla might take five months,” and also identified that among the deployed vessels will be its Sahand destroyer, touted as Iran’s latest domestic built stealth destroyer. Continue reading

In the 21st Century Space Race, China Is Winning

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A simulated landing process of Chang’e-4 lunar probe is seen through the monitor at Beijing Aerospace Control Center in Beijing, capital of China, Jan. 3, 2019. (Xinhua/Jin Liwang/Getty Images)

 

China’s prophesied rise in space exposes the dangerous weakness of the West.

China achieved a world first on January 3 when its moon lander, Chang’e 4, made a soft landing on the far side of the moon. This is another triumph in China’s quest to dominate the 21st century’s space race, and it will have important consequences for us on Earth.

Many probes have photographed or crash-landed onto the moon’s far side, but Chang’e 4 is the first to make a “soft” lunar landing, a type of landing where no serious damage occurs to the spacecraft. This is a tricky manoeuvre because signal transmissions from Earth are blocked by the other half of the moon. Continue reading