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

World’s first ‘Quantum’ compass will supersede GPS

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The MoD has been investing enormous amounts of money into constructing independent navigation devices, particularly for use on its nuclear submarines.

 

After millions of pounds of funding from the UK Ministry of Defence (MoD) under the UK National Quantum Technologies Programme, British scientists have constructed what they claim to be humanity’s first quantum ‘compass,’ a navigational device independent of the satellite-based Global Positioning System (GPS).

The instrument, built by scientists at the Imperial College in London, England, is claimed to be able to ascertain the exact location of anything on Earth without relying on satellites, as does the GPS network. Continue reading

Chinese Military Scientists Have Infiltrated “Five Eyes” Western Universities

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Approximately 2,500 researchers from Chinese military universities have infiltrated Western universities over the past decade, focusing on the so-called “Five Eyes” group of countries, reports the Financial Times, citing a new report from Australian government-funded think tank, the Strategic Policy Institute (ASPI).

According to the report, many of the Chinese researchers failed to disclose their military affiliations, while publishing a large volume of joint papers with Western scientists which can help Beijing’s technological ambitions.  Continue reading

The EU’s Game of Chicken

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LONDON/BRUSSELS/BERLIN (Own report) – The EU’s heads of states and governments were again unable to make progress in the Brexit negotiations last Wednesday, provoking strong criticism from the German business community. Their only proposal was to prolong the transitional period another year, which is out of the question for London, because this would cost the UK additional billions of pounds. The EU is “too inflexible” in the Brexit negotiations, criticized the head economist of Commerzbank. It is a “stickler for principles,” even though it has itself “stretched the rules to the point of becoming unrecognizable” – such as those of the currency union. Commentaries assume that Brussels seeks to set a deterrent example. The EU sees itself “too unattractive,” to be able to prevent other countries from leaving by other means. At the same time, Brussels is running the risk of the Brexit negotiations collapsing, which would cause serious losses, particularly to German industry. Experts do not rule out German export losses in the double-digit billions.

Continue reading

Britain and Germany Sign Military Pact

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Ursula von der Leyen (CDU), Minister of Defence, and Gavin Williamson, British Minister of Defence, talk during an exercise of tank pioneering. (Ralf Hirschberger/picture alliance/Getty Images)

 

‘The UK is just as committed to Europe’s security in the future as it has been in the past.’

Germany and Britain signed a military pact on October 5 that ensures Britain will retain a military relationship with the European Union after Brexit. The agreement, signed in Germany by German Defense Minister Ursula von der Leyen and British Defense Secretary Gavin Williamson, is intended to strengthen military cooperation between the two parties.

Von der Leyen called the agreement a “symbolically important sign” that the strategic partnership between Germany and Britain will continue after Brexit. The pact will reinforce British-European military cooperation “in the navy, the air force, and in cyber capabilities.” The agreement states that Germany and Britain are “determined to deepen and strengthen” their relationship by working together on their “common defense and security goals.” Continue reading

New Evidence Of Chinese Spy Hardware Found By Ex-Mossad Investigators; Super Micro Shares Plunge

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A major US telecommunications company found “manipulated” hardware from Super Micro Computer Inc. in its network in August – bolstering claims in a Bloomberg report last week alleging that China installed bugging devices on hardware bought by Apple, Amazon and a host of other companies.

According to a new report by Bloomberg, the unnamed telecom company hired former Israeli Intelligence Corps security expert Yossi Appleboum, now of Maryland-based Sepio Systems, who provided “documents, analysis and other evidence of the discovery” following last week’s report detailing how China’s intelligence agencies had ordered subcontractors to install malicious chips in Super Micro motherboards between 2013 and 2015.  Continue reading

The UK is practicing cyberattacks that could black out Moscow

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Cyber warfare is considered preferable to nuclear warfare.

 

British defense officials say they have practiced cyber war games that could shut off electricity in Russia’s capital, the Sunday Times (paywall) reports.

The measures are part of a wider range of strategies to hit back at an increasingly assertive Russia—accused of interfering with US elections, cyberattacks on Western targets, and poisoning a former spy on UK soil—without resorting to a full-blown nuclear attack. Continue reading

Britain sending commandos to Arctic to stop Russian land grab

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British Defense Secretary Gavin Williamson

 

Britain plans to send 800 troops to the Arctic in 2019 in an effort to stop Russia’s land grab in the region, the UK’s defense secretary said. Continue reading

World upside down as EU and Russia unite against US

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EU refused to be ‘pushed around by the unilateral decisions of our US allies’, France’s Emmanuel Macron said (Photo: Consilium)

 

The UN general assembly in New York, the world’s largest diplomatic event, turned into a show of EU solidarity with Russia and China against the US on Tuesday (25 September).

The development, which came about over Iran, symbolised a world-turned-upside-down by US leader Donald Trump’s unilateralism.

It left Mike Pompeo, Trump’s foreign policy chief, “disturbed and indeed deeply disappointed”. Continue reading

Iran Sanctions Are Damaging The Dollar

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Painful sanctions on Iran have demonstrated the long reach of the U.S. Treasury, forcing much of the globe to fall in line and cut oil imports from Iran despite widespread disagreement over the policy. Yet, we are only in the first few chapters of what may ultimately be a long story that ends with the erosion of the power of the U.S. dollar.

The role of the greenback in the international financial system is the reason why the U.S. can prevent much of the world from buying oil from Iran. Oil is traded in dollars, and so much of international commerce is based in dollars. In fact, as much as 88 percent of all foreign exchange trades involve the greenback. Continue reading

Hong Kong Overtakes New York as City With Most Super-Rich People

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More proof that the Hong Kong transfer was a colossal loss for Great Britain, and a massive gain for China

Hong Kong has overtaken New York City to become the city home to more super-rich people than any other metropolis on the planet, according to a study published on September 6 by the Wealth X research firm.

The study tallies the number of individuals worth $30 million or more, labeling them ultra-high net worth individuals. In recent years, the number of these individuals living in Hong Kong has risen to about 10,000. Continue reading

Juncker: End internal borders, scrap national vetoes on tax & foreign policy

 

Jean Claude Junker when making his ‘State of the Union’ address to the European Parliament has called for internal borders to be “removed” and demanded national vetoes on foreign and tax policy to be scrapped, giving the European Commission more central powers.

He told the EU Parliament: “Where borders have been reinstated, they must be removed. Failure to do so would amount to an unacceptable step back for the Europe of today and tomorrow. Continue reading

Iran Sanctions, Emerging Markets And The End Of Dollar Dominance

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The trade war is a rather strange and bewildering affair if you do not understand the underlying goal behind it. If you think that the goal is to balance the trade deficit and provide a more amicable deal for U.S. producers on the global market, then you are probably finding yourself either confused, or operating on blind faith that the details will work themselves out.

Case in point, the latest reports that the U.S. trade deficit is now on track to hit 10-year highs, after a 7% increase in June. This is the exact opposite of what was supposed to happen when tariffs were initiated. In fact, I recall much talk in alternative media circles claiming that the mere threat of tariffs would frighten foreign exporters into balancing trade on their own. Obviously this has not been the case. Continue reading

Europe Is Working On Alternative To SWIFT For “Financial Independence” From The US

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German foreign minister Heiko Maas

 

In the aftermath of a report that Germany was working on a global payment system that is independent of the US and SWIFT, on Monday Germany and France said they’re working on financing solutions to sidestep U.S. sanctions against countries such as Iran, including a possible role for central banks, Bloomberg reported.

“With Germany, we are determined to work on an independent European or Franco-German financing tool which would allow us to avoid being the collateral victims of U.S. extra-territorial sanctions,” French Finance Minister Bruno Le Maire said Monday during a meeting with press association AJEF. “I want Europe to be a sovereign continent not a vassal, and that means having totally independent financing instruments that do not today exist.”

The discussions, which also involve the U.K., are a signal that European powers are trying to get serious about demonstrating a greater level of independence from the U.S. as President Donald Trump pursues his “America First” agenda. Continue reading

Russia Finance Minister: We May Abandon Dollar In Oil Trade As It Is Becoming “Too Risky”

Breaking the tie between oil and the U.S. Dollar means the collapse of the U.S. Dollar as the world reserve country. Collapsing of the U.S. Dollar as world reserve currency means the collapse of America. Ghadaffi attempted it, as well as Saddam Hussein and look how that worked out for them. Iran, Syria, China, Russia all want to. Economic warfare always precedes a hot war, in case you were wondering what’s around the corner.

 

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One month ago, the bond market and political pundits did a double take when according to the latest Treasury International Capital report, Russia had liquidated virtually all of its US Treasury holdings, selling off the bulk of its US government bonds in just two months, March and April.

And with the US threatening to impose a new set of “crushing” sanctions on Russia, including in retaliation for the alleged Novichok nerve gas attack in the UK, Russia not only intends to continue liquidating its US holdings, but to significantly reduce its reliance on the US Dollar. Continue reading