Got gold? What you paid will not matter.
Empire Collapse: Russian Missile Tech Renders America’s Trillion Dollar Navy Obsolete
April 21, 2018
. . .
Prior to the Soviet collapse, the US military generally did not dare to directly threaten those countries to which the USSR had extended its protection. Nevertheless, by using its naval power to dominate the sea lanes that carried crude oil, and by insisting that oil be traded in US dollars, it was able to live beyond its means by issuing dollar-denominated debt instruments and forcing countries around the world to invest in them. It imported whatever it wanted using borrowed money while exporting inflation, expropriating the savings of people across the world. In the process, the US has accumulated absolutely stunning levels of national debt – beyond anything seen before in either absolute or relative terms. When this debt bomb finally explodes, it will spread economic devastation far beyond US borders. And it will explode, once the petrodollar wealth pump, imposed on the world through American naval and air superiority, stops working.
New missile technology has made a naval empire cheap to defeat. Previously, to fight a naval battle, one had to have ships that outmatched those of the enemy in their speed and artillery power. The Spanish Armada was sunk by the British armada. More recently, this meant that only those countries whose industrial might matched that of the United States could ever dream of opposing it militarily. But this has now changed: Russia’s new missiles can be launched from thousands of kilometers away, are unstoppable, and it takes just one to sink a destroyer and just two to sink an aircraft carrier. The American armada can now be sunk without having an armada of one’s own. The relative sizes of American and Russian economies or defense budgets are irrelevant: the Russians can build more hypersonic missiles much more quickly and cheaply than the Americans would be able to build more aircraft carriers.
We at JSMineset said this from day one.
Over 100 retired US generals urge lawmakers to reject Haspel CIA nomination for being ‘intimately involved in torture’
April 24, 2018
As many as 109 retired US generals and admirals urged lawmakers to reject Gina Haspel’s nomination as CIA director for being “intimately involved in torture,” and to declassify her role in the notorious interrogation program.
Haspel, a career intelligence officer nicknamed the ‘queen of torture’ in some US media, should not be appointed as director of the CIA, the retired US military leaders argued in a letter addressed to lawmakers. Generals and admirals who signed the petition said there were troubled by the prospect “of someone who appears to have been intimately involved in torture” being elevated to a top position in the US intelligence community.
The letter was published on the Human Rights First website on Monday. Among the notable signatories are chief of US Transportation Command Walter Kross, former commander of US Army Europe David Maddox, former Marine Corps Commandant Charles Krulak, and Lee Gunn, former Inspector General of the Department of the Navy.
Interest Rates in general….
the Achilles Heel of the Global Financial System.
Not just Libor, but all the interest rate dependent loans in general. $22.410 trillion in total according to the JP Morgan chart below.
Now add the $21 trillion of government debt, and you some serious funding issues!
Like a snake in the grass, you never see it till it sneaks up close and bites you in the ass.
CIGA Wolfgang Rech
There is Over $7.5 Trillion In Debt That’s Highly Vulnerable To Rising Rates – Here’s What To Expect
April 24, 2018
Via Adem Tumerkan @ Palisade-Research.com
The 10-year interest rate hit the critical level of 3% this morning.
And this is the highest level it’s been since 2014 – four years ago. . .
A couple months back, I highlighted the correlation of the rise in the Fed Funds Rate (FFR) and the Interest Payments Due on the U.S. National Debt. And as President Trump and Congress are showing no signs of slowing down their borrowing – this debt service cost will only keep rising.
But the U.S. Treasury will get funded no matter what – foreigners will buy the debt, or the Fed will print dollars to do it. Either way, they will borrow – no matter the cost.
But individuals and companies that borrow aren’t as lucky. . .
They’re forced to pay the higher interest payments.
So, with interest rates moving up, it would be smart to see what businesses and sectors are most vulnerable to rising yields.
And for this, we need to look at the LIBOR rate. . .
LIBOR stands for London Interbank Offered Rate and is a benchmark rate that the world’s leading banks charge each other for short-term lending. It’s the first step when calculating interest rates on various kinds of loans – whether government bonds, corporate bonds, mortgages, or student debt.
Seems to me that Yahoo, along with Verizon, is trying to get it’s viewers to give permission to collect users’ data and sell it.
Then, users forgo the right to join class action suits in the future.
Facebook is being punished for this and now Yahoo/Verizon are doing the same. Perhaps they noticed that our lame Congress is clueless and powerless to do anything.
CIGA Wolfgang Rech
New Privacy and Terms
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How we collect and use data.
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Sharing Data with Verizon.
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Key Points in Terms of Service
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Business to Business.
For those unfamiliar with the bidder in an auction,
Indirect Bidders are considered Central Banks.
Direct Bidders are considered Primary Dealers, Funds, and individuals.
“Indirects showed little enthusiasm for today’s auction, taking down just 41.6% well below the 46.5% average, and for the first time since the December 2Y auction, Indirects also took down less than the 43.10% that was awarded to Dealers.”
The move away from the Dollar continues. The writing is on the wall.
CIGA Wolfgang Rech
Ugly, Tailing 2Y Treasury Auction Prices At Highest Yield Since July 2008
April 24, 2018
With 2-Year yields blowing out alongside the 10Y yield hitting 3.00% for the first time since 2014, and rising as high as 2.50% on Tuesday morning – the highest since the summer of 2018 – the only question ahead of today’s 2Y auction was whether it would price above or below this key level. The answer was revealed moments ago when the Treasury sold $32BN in 2Y paper – the biggest auction since April 2014 – at a yield of 2.498%, just shy of 2.50%, although tailing the When Issued 2.493% by 0.5bps and the highest since the 2.82% in July 2008.
The internals were just as ugly, with the Bid to Cover sliding from 2.91 to 2.61, and below the 6 auction average of 2.81. Directs bidders were awarded 15.35%, fractionally more than the 6 auction average of 14.8%, although Indirects showed little enthusiasm for today’s auction, taking down just 41.6% well below the 46.5% average, and for the first time since the December 2Y auction, Indirects also took down less than the 43.10% that was awarded to Dealers.
Overall, a poor, rocky auction, as the market is growing increasingly convinced that the Fed will continue hiking rates for a while, and as a result the Treasury may soon have trouble selling paper on the short, if not so much, long end.
Russian Military Shows Wreckage Of Missiles Intercepted In Syria, Says Two Unexploded Missiles Delivered To Moscow
April 25, 2018
One unexploded Tomahawk cruise missile and one high accuracy air-launched missile launched by the US and its allies on Syria on April 14 have been brought to Moscow, the chief of the Russian General Staff’s main operations directorate Colonel-General Sergey Rudskoy said during a press briefing on April 25.
“Some of the missiles failed to reach the designated targets apparently due to technical failures, which created the risk of destroying civilian facilities and causing civilian casualties. Two of them, a cruise missile Tomahawk and a high-accuracy air-launched missile, have been brought to Moscow. You can see the Tomahawk’s warhead in this slide,” Colonel-General Rudskoy said.
The colonel-general added that Russian specialists are studying them.
“The results of this work will be used to improve Russian weapon systems,” Rudskoy said.
The Russian military also revealed wreckage of the intercepted missiles.