“Financial Crisis” Coming By End Of 2018 – Prepare Urgently

Source: Financial Times

 

“Financial Crisis Of Historic Proportions” Is “Bearing Down On Us”

John Mauldin of Mauldin Economics latest research note, Prepare for Turbulence, is excellent and a must read warning about the coming financial crisis. Mind refreshed from what sounds like a wonderful honeymoon and having had the time to read some books outside his “comfort zone” he has come to the conclusion that we are on the verge of  a “major financial crisis, if not later this year, then by the end of 2018 at the latest.” Continue reading

Yellen’s Shocking Announcement: The $USD is TOAST

 

Fed Chair Janet Yellen just announced that the Fed will be kicking the $USD off a cliff.

She didn’t use those words, but the words she did use weren’t all that different.

But first a little context… Continue reading

As U.S. balks at rebuilding infrastructure, China advances ‘Silk Road Economic Belt’ strategy to dominate Eurasia, Africa

 

On May 14-15, the People’s Republic of China (PRC) hosted the Belt and Road Forum for International Cooperation. The Beijing meeting attracted 29 heads of state (including Russian President Vladimir Putin) and representatives of 130 other countries (including the U.S.), plus the leaders of 70 international organizations, including UN Secretary-General António Guterres.

Chinese President Xi Jinping gave the keynote address heralding the “One Belt, One Road” initiative (BRI) as a top priority. And well it should be, given that its goal is nothing less than to establish Chinese preeminence (even hegemony) over Eurasia and Africa. Continue reading

U.S. Military has ‘No Defense’ against Russian Nuclear Missiles, Top General Says

Air Force Gen. John Hyten, who was the chief commander of the U.S. missile and nuclear warhead arsenal, told members of Congress Tuesday that Moscow’s deployment last month of at least two battalions of the SSC-8 cruise missile, also called the RK-55 Relief, violated a 1987 arms treaty and put most of Europe at risk. Hyten told the Senate Armed Services Committee that Moscow’s latest move left the U.S. and its NATO allies off guard.

We have no defense for it, especially in defense of our European allies,” Hyten told the Senate Armed Services Committee, according to the Agence France-Presse. “That system can range and threaten most of the continent of Europe depending on where it is deployed. … It is a concern and we’re going to have to figure out how to deal with it as a nation.” Continue reading

Wanda Faces Hurdles in Closing Dick Clark Prods. Deal (EXCLUSIVE)

As an update from an earlier post, we see Donald Trump stepping in to save what little American industry remains.

For additional information on the Chinese invasion and infiltration of Hollywood, see the following previous posts:

Paramount Gets China Infusion: $1 Billion, 3-Year Slate Co-Financing Deal With Shanghai Film Group & Huahua Media

Chinese conglomerate to buy stake in Hollywood studio: reports

China Invading Hollywood

 

Sources close to the situation still expect Wanda to close the acquisition sometime in February, and say that the only speed bump has been that some details are still being worked out. With the Chinese New Year holiday beginning on Saturday, work is expected to be halted for at least the next week.

One person said that work on the deal also came to a standstill a few weeks ago, amid concerns that the nationalistic focus of the new Trump administration might mean greater scrutiny to big investments in the U.S. by Wanda, Alibaba and the new breed of Sino mega conglomerates. The Dick Clark Prods. transaction was only the most recent mega-acquisition for Wanda, which also bought Legendary Entertainment for $3.5 billion last year and AMC Theaters for $2.6 billion in 2012. Wanda’s buying spree has caught the attention of members of both parties in Congress, who worry that they could mark a strategic extension of Chinese “soft power.” Continue reading

U.S. Sent $221 Million to Palestinians in Obama’s Last Hours

FILE – In this Jan. 15, 2017 file-pool photo, Secretary of State John Kerry speaks with the media in Paris. Defying Republican opposition, officials say the Obama administration in its waning hours quietly released $221 million to the Palestinian Authority that GOP members of Congress had been blocking. The official said John Kerry had informed some lawmakers of the move shortly before he left the State Department for the last time on. (AP Photo/Alex Brandon, Pool, File)

 

WASHINGTON (AP) — Officials say the Obama administration in its waning hours defied Republican opposition and quietly released $221 million to the Palestinian Authority that GOP members of Congress had been blocking.

A State Department official and several congressional aides said the outgoing administration formally notified Congress it would spend the money Friday morning. The official said former Secretary of State John Kerry had informed some lawmakers of the move shortly before he left the State Department for the last time Thursday. The aides said written notification dated Jan. 20 was sent to Congress just hours before Donald Trump took the oath of office. Continue reading

China Seen Readying for Trade War During Trump Presidency

“In the event of a trade war with the United States, China’s response would go well beyond tariff increases,” said Mark Williams, Chief Asia Economist for Capital Economics. “U.S. companies would find their products and operations in China subject to tighter regulation that hampered their capacity to do business there.”

“U.S. exports of cars and aircraft would be in the firing line,” he said. China might also subject U.S. companies to tighter regulation that hampers their capacity to do business. Beijing may also encourage its exporters by offering tax rebates to overcome any reduction in export demand in the U.S., Williams said. Continue reading

Make Europe Great Again

WASHINGTON/BERLIN (Own report) – Foreign policy experts are calling for the EU’s concerted effort in opposition to a future USA governed by Donald Trump. According to the European Council on Foreign Relations (ECFR), a unified European stance is necessary to increase “leverage” over Washington. If the US President-elect ignores Europe’s interests, Europe should consider going its own way in global policies, writes a German author in the leading US foreign policy periodical. It may be necessary “to consider whether to develop a European nuclear umbrella.” These demands began to be heard after liberal Western media and members of the foreign policy establishment had declared Merkel the new “leader of the free world,” and characterized outgoing US President Barack Obama’s visit to Germany as “passing the baton” to Berlin. The Federal Republic of Germany is setting out to take on “America’s status as torchbearer of liberal democracy.” “It is befitting for Merkel to speak in the name of what we have been calling the West, for the past seven decades,” according to the business press. Journalists describe the predominant attitude in Berlin already as being “the guardians of the international post-war order.” Continue reading

America’s Constitutional Tipping Point

 

Barack Obama’s time as president of the United States has largely been defined by his frequent sidestepping of Congress. Before a cabinet meeting in 2014, he said, “We’re not just going to be waiting for legislation in order to make sure that we’re providing Americans the kind of help they need.” His disregard for working within the strictures of the Constitution is paving the way for the next president to work outside of those bounds too. This is the very thing the Founding Fathers worked so hard to prevent. To learn where this dangerous trend is leading, listen to today’s Trumpet Daily Radio Show. Continue reading

Service Chiefs: Troops Will Head for Exits if Budget Cuts Persist

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Marine Corps Commandant Gen. Robert B. Neller, U.S. Army Chief of Staff Gen. Mark Milley, U.S. Chief of Naval Operations Adm. John Richardson, and Air Force Chief of Staff Gen. David Goldfein, testify on Capitol Hill, Sept. 15, 2016. (AP/Susan Walsh)

 

Caps on defense spending limit training, force service members to use old gear and may lead to an exodus of troops from the armed services, the four service chiefs told lawmakers Thursday.

Speaking before the Senate Armed Services Committee, the leaders of the Army, Navy, Air Force and Marine Corps warned that a return of sequestration budget caps would promote fiscal uncertainty and take a deep toll on rank-and-file morale.

The Bipartisan Budget Act of 2015 put a temporary stay on a half-trillion dollar tranche of defense budget cuts, but the armed services must plan around the reductions for five more years if Congress does not again act to avert them. Continue reading

Obama will bypass Congress, seek U.N. resolution on nuclear testing

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President Obama (Pool photo by Chris Kleponis/European Pressphoto Agency)

 

President Obama has decided to seek a new United Nations Security Council resolution that would call for an end to nuclear testing, a move that leading lawmakers are calling an end run around Congress.

Top administration officials, including Energy Secretary Ernest Moniz, briefed lawmakers and congressional staffers this week about President Obama’s decision to push for the U.N. action this September, to coincide with the 20th anniversary of the Comprehensive Test Ban Treaty, which was adopted in September 1996 but was never ratified by the Senate. Continue reading

US Nuclear Bomb Is Cleared For Production Engineering

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In a 2008 file photo, members of the NNSA work on a B61 nuclear warhead.(Photo: NNSA)

 

WASHINGTON — The National Nuclear Security Administration has authorized the B61-12 warhead life-extension program to enter the production-engineering phase.

The decision marks the final development phase prior to actual production. The NNSA says the first production unit of the weapon is planned for fiscal year 2020. Continue reading

White House Mulls Big Nuclear Policy Changes, and Lawmakers Speak Up

With this nuclear policy change, it means no first-strike capability. No first-strike capability means that America’s enemies would be able to nuke America first before it would be able to decide to retaliate. It works great for everyone but America.

 

 

WASHINGTON — As the clock ticks down on the final term of US President Barack Obama, who is believed to be reviewing a potential disarmament agenda for his last months in office, there has been a flurry of activity on Capitol Hill to try to influence the internal debate.

Lawmakers both pro and con for nuclear modernization have fired off dueling letters—the latest a July 20 letter to Obama from five key House Democrats who want to scale back standing nuclear modernization plans. Continue reading

Congressman: Classified Details of Iran’s Treatment of U.S. Sailors Will Shock Nation

Lawmaker says new details being withheld by Obama administration

Rep. Randy Forbes (R., Va.) told the Free Beacon in an interview that the Obama administration is still keeping details of the maritime incident under wraps. It could be a year or longer before the American public receives a full accounting of the incident, in which several U.S. sailors were abducted at gunpoint by the Iranian military.

“I’ve had a full classified briefing” from military officials, Forbes told the Free Beacon. “It could be as long as a year before we actually get that released.” Continue reading

Martin Armstrong: Global unrest until 2032

(TRUNEWS) Renegade economist Martin Armstrong says America — and the rest of the world — will experience 16 years of civil unrest, not fading until 2032.

Armstrong’s statements were made during an exclusive interview with Rick Wiles of TRUNEWS  on Monday, while sharing his analysis of the war, civil unrest, and business cycles; and the future they predict for the United States.

In addition to four election cycles of civil unrest and social upheaval, Armstrong said economic power will have also shifted from the US to Asia by 2032, seeing an initial shockwave as early as 2018 — and going into full swing by 2020.

Continue reading