Russia Has Dramatically Boosted Spending On Its Nuclear Weapons

 

When Russia’s conventional armed forces remained weak and outdated in the years following the Cold War, it attached a high priority to its nuclear weapons as the cornerstone of its defence. As Statista’s Niall McCarthy notes, the country has now embarked on an ambitious plan to modernize its entire military under the 2011-20 state armament program.

President Trump Sends NATO Into Meltdown

Note: Please see the video at the source.

 

After threatening to walk away from the alliance over spending issues, he claims the other members have agreed to his demand during an emergency meeting.

After hinting that the U.S. might withdraw from the alliance if NATO’s members won’t adhere to their commitment to spending requirements, President Donald Trump sent the heads of state from all 29 member countries scrambling into emergency session—after which he emerged claiming a new victory.

The president got the ball rolling on the final day of the NATO summit in Brussels by tweeting:

“What good is NATO if Germany is paying Russia billions of dollars for gas and energy? Why are there only 5 out of 29 countries that have met their commitment? The U.S. is paying for Europe’s protection, then loses billions on Trade. Must pay 2% of GDP IMMEDIATELY, not by 2025.”

Monday’s EU Summit & Trioka’s Misguided View of Greece

The European Union is indeed on the ropes and their arrogance as lawyers cannot see the reality of economics. They view the world only through the power of their pen to write a law and DEMAND under threat of penalty we do as they command. This group of super–heroes lack the comprehension that people will not follow laws that make no sense or go against human nature.

These super–heroes command that everyone shall abide by austerity can only lead to the Grexit and the beginning of a period of unprecedented levels-destruction in Europe along with rising civil unrest across the continent. Anyone who has EVER worked on a foreign exchange desk knows far more about the market flows than they will ever think about with all their law degrees. Based upon the botched job they have mastered so far, the EU will descend into the final destruction phase. The idea that one government would end European wars is producing rising civil unrest and the very finger-pointing that creates war.

The ultimate consequences of this wrong policy from the outset to create a single currency without consolidating the debts of member states, has led to this crisis in the monetary system for the entire world. The consequences will certainly still be felt for many decades to come if not 112 years impacting generations of Europeans. However, the destruction unleashed in Europe will contribute to taking down the United States from its lofty perch and shift the entire new economic age to those nations who were once in the firm grip of Marxism.

Detroit’s Default May Spark U.S. Death Spiral of Debt

Debt is deadly, and it’s made even worse with rising interest rates that can prevent you from eliminating the load. What happens with rising interest rates is that more of the payments go toward the interest and less to the principal. In fact, it’s what I call a death spiral of debt that worsens as rates move higher.

When individuals face excessive debt, often the solution is to reduce spending and adhere to a strict repayment program.

EU Plans to Withhold Funds From Hungary

Hungary — quite possibly the next target of the German-dominated EU.

Hungary appears to be turning into the next Greece. The country has failed to reduce its deficit, and today the European Commission reacted. The executive arm of the European Union has announced a proposal to withhold from Hungary $655 million in EU development funds.

“The commission took a decision today to propose to partially suspend commitments of the EU Cohesion Fund for Hungary from January next year onwards because of non-compliance with the latest council recommendation in January to correct its excessive deficit,” said Olli Rehn, EU commissioner for economic and monetary affairs.

This is the first time the European Commission has taken such an action against one of its members as punishment for an excessive deficit.

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Though EU officials portray today’s action as an encouragement rather than a punishment, the greater truth is that the European Union is now wielding tremendous power over nations that were formerly sovereign—especially those that are poorer. Expect Hungary’s sovereignty to fade away just as Greece’s has, and for EU authority to continue to strengthen.

Full article: EU Plans to Withhold Funds From Hungary (The Trumpet)