Mayday! British PM’s Brexit Deal on Verge of Collapse

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(Photo Credit: Office of President of Estonia)

 

Two Cabinet secretaries have resigned and long knives have come out for Theresa May.

British Prime Minister Theresa May is on the political brink tonight after presenting her government’s draft withdrawal agreement with the European Union that has been almost universally panned, despite her assertion it is the best deal that can be had. Continue reading

GLOBAL ALERT: German and French leaders call for new military empire to fulfill the conquest wishes of Adolf Hitler

POTUS Donald Trump may go down in history as the U.S. president who exposed the European Union for what it has become since the end of the Cold War: A gaggle of ungrateful, Left-wing pretenders who have taken advantage of American generosity for decades.

Following in the footsteps of French President Emmanuel Macron, German Chancellor Angela Merkel is channeling her monstrous predecessor, Adolph Hitler, in calling for a European army so the European Union can fulfill his objective of conquering the continent while getting rid of the United States military presence there.

In a speech in Strasbourg, Merkel called for a “real, true” EU army in what was seen as a direct rebuke to POTUS Trump, the U.K.’s Daily Mail reported. Continue reading

N.K. leader inspects test of new high-tech weapon: state media

SEOUL, Nov. 16 (Yonhap) — North Korean leader Kim Jong-un has inspected a test of a newly developed high-tech weapon, the North’s state media reported Friday.

The Korean Central Broadcasting Station said that Kim visited a testing site at a national defense institute and inspected the test of the unspecified new tactical weapon. Continue reading

Nigel: Military-focused EU has launched new Cold War against USA

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Nigel Farage today responded to Angela Merkel’s call for a EU Army by claiming that Brussels had “launched a new Cold War against the United States of America”.

It comes after Frances President Macron also called for an European Army and Germany’s EU Commissioner described US President Trump as an “autocrat”. Continue reading

Rickards: The Fed Is “Triple Tightening” Into Crisis

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Shutterstock

 

If you have defective and obsolete models, you will produce incorrect analysis and bad policy every time. There’s no better example of this than the Federal Reserve.

The Fed uses equilibrium models to understand an economy that is not an equilibrium system; it’s a complex dynamic system.

The Fed uses the Phillips curve to understand the relationship between unemployment and inflation when 50 years of data say there is no fixed relationship.

The Fed uses “value at risk” modeling based on normally distributed events when the evidence is clear that the degree distribution of risk events is a power curve, not a normal or bell curve. Continue reading

The Biggest Threat To Dollar Dominance

dollars

 

Russian oil exporters are pressuring Western commodity traders to pay for Russian crude in euros and not dollars as Washington prepares more sanctions for the 2014 annexation of Crimea by Moscow, Reuters reported last week, citing as many as seven industry sources.

While it may have come as a surprise to the traders, who, Reuters said, were not too happy about it, the Russian companies’ move was to be expected as the Trump administration pursues a foreign policy where sanctions feature prominently. This approach, however, could undermine the dominance of the U.S. dollar as the global oil trade currency. Continue reading

Russia’s Next Weapon… A Church?

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Meet Vladimir Putin’s newest weapon: a church.

 

The Russian military plans to build a military church to bolster the spiritual values of its armed forces.

The Russian military plans to build a military church to bolster the spiritual values of its armed forces. Construction will soon begin of the Main Church of the Armed Forces, to be erected in Patriot Park outside Moscow, according to Colonel General Andrei Kartapolov, deputy defense minister and chief of the armed forces’ Main Military-Political Directorate, a new organization responsible for political education of the troops. Continue reading

Russian special forces land in S. Syria. US Raptors “deter” Syrian, Iranian, Russian combat aircraft

 

Unfolding Russian, US and Israeli military steps are raising the big power stakes in Syria on the eve of a Trump-Putin summit, DEBKAfile’s military sources report. Russian special forces have arrived and been attached to the Syrian military command in the southern Al-Safa region east of the Druze town of Sweida – officially as “advisers” to the Syrian offensive against ISIS, and markers of Islamist targets for Russian air strikes. Russia pulled those units out in June after helping Bashar Assad’s army capture rebel-held territory on Israel’s Golan and Jordan’s borders. Now, the Russians are attached to the Syrian Army’s elite 42nd Brigade-Ghiath Forces of the 4th Division. Continue reading

The American dream shatters: The death of the middle class

Middle-class families, which used to be the backbone of the United States economy are becoming poorer. Despite the constant bombardment of news of a “healthy economy,” 62% of middle-class families struggle to afford a basic middle-class lifestyle.

Even though the unemployment rate that has reached a 50-year low of 3.7 percent, most jobs across the U.S. don’t support a middle-class or better lifestyle, leaving many Americans struggling, according to a new study. When factoring in both wages and the cost of living in the metro area where the job is located, 62% struggle to provide a middle-class lifestyle according to the study by Third Way, a think tank that leans center-left on the political spectrum. Continue reading

China Is Beating the US in the Rare-Earths Game

For more information regarding China and the rare earths situation, see the following previous articles:

 

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It’s time for the administration to use its powers to preserve America’s access to vital defense materials.

How to view China’s recent threat to limit domestic production of rare earths, those 16 elements that make our cellphones and smart bombs work? It’s the latest move in a game that began before the United States realized it was even playing, that has grown more complex than U.S. leaders realize, and that is nearing a very unfortunate ending. Continue reading

Taiwan navy gets two new warships as China tensions grow

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Taiwanese President Tsai Ing-wen vowed Thursday that the island would not “concede one step” in defending itself as she inaugurated two frigates bought from the United States aimed at boosting Taipei’s naval capabilities against China.

Rival China has upped military drills including a live fire exercise in the Taiwan Strait in April, declaring its willingness to confront the island’s “independence forces”. Continue reading

Russia Deploys Its Avangard Glide Vehicle – the Unmatched Leader in Hypersonic Technology

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On Oct. 12 CNBC reported that Russia had hit a snag in its development of its hypersonic weapon, because it was at the time unable to find a source for the critical carbon fiber components. The news agency stated that the Pentagon had doubts that the Avangard hypersonic glide vehicle (HGV) existed. Skepticism seems widespread. Some believe that Russia’s new super weapons are “virtual reality,” while others think they are “mostly hype.” In March, the National Interest cited Michael Kofman, a research scientist for the Center for Naval Analyses and a highly respected analyst, who offered his assurances that there was no chance Russia could field its hypervelocity boost-glide weapon by 2019.  But history has shown that those who believed it to be just a bluff have been proven wrong. Continue reading

This is Your New (Acting) Attorney General

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(Photo Credit: Matt Whitaker/Twitter)

 

Evangelical Christian former chief of staff Matt Whitaker can do things now-resigned Jeff Sessions couldn’t (besides football).

UPDATE: CNN is reporting that Deputy Attorney General Rod Rosenstein has been summoned to the White House. The Justice Department says the meeting was “pre-planned.” One America News reporter Emerald Robinson, however, is reporting that sources have told her Rosenstein will resign as well “within next 48 hours.”

President Donald Trump announced this afternoon that Jeff Sessions has tendered his resignation, adding that he has appointed the attorney general’s chief of staff to serve in an interim capacity. Continue reading

War of Sanctions against Iran

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BERLIN/TEHRAN (Own report) – New US sanctions against Iran have come into effect, without the slightest sign of success for the opposition to the US Middle East policy that had been so loudly proclaimed by Berlin and the EU. Berlin had affirmed, it would do everything in its power to secure for EU companies – particularly German – business deals with Iran, thereby safeguard the nuclear agreement while strengthening the standing of German/EU industry in Iran. The latter has completely failed. German business representatives are warning of the “danger” that German business with Iran “could come to a complete halt.” If this development continues, China – which during the first round of sanctions, had already become Iran’s main trading partner – could further enhance its position in Iran, particularly due to continued oil purchases from Tehran. Contrary to its announcement, the Trump administration did not succeed in entirely cutting off Iranian oil exports. Today, Iran is selling more oil than during the previous round of sanctions.

Continue reading

The World’s Most Dangerous Man… Has a Terrifying Secret

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Saudi Crown Prince Mohammed bin Salman (MBS) has a secret.

No, it’s not that he was behind the horrific interrogation, torture and murder of journalist Jamal Khashoggi.

Although most people would argue otherwise.

The Crown Prince’s secret that I’m referring to isn’t even that he approved the use of chemical weapons by Saudi Arabia in its proxy war in Yemen. Continue reading