China

Should U.S. modify nuclear treaty to confront Chinese threat?

After Russia tested a ground-launched cruise missile two months ago to break the its landmark nuclear limitation treaty signed with the US in 1987, Evan Braden Montgomery, a defense expert from the Washington-based Center for Strategic and Budgetary Assessments, said the United States has been debating whether or not to modify the Intermediate-Range Nuclear Forces Treaty, reports National Interest magazine. The treaty was a landmark arms agreement which successfully prevented both the US and Soviet Union from fielding surface-to-surface ballistic and cruise missiles carry conventional or nuclear warheads within a range of 500-5500 kilometers. The State Department announced that Russia had violated the treaty to test a prohibited weapon in late July.

China Floods U.S. With Near-Perfect Fake Driver’s Licenses

Fake driver’s licenses are flooding our market and could pose a real threat. 2 Investigator Dave Savini reports these bogus licenses are being produced overseas and sold online. State and federal officials say they want to shut down the sales of them.

China Deploys Soldiers to South Sudan to Protect Oil Interests

China is deploying 700 soldiers to South Sudan to protect the only oil fields “still under control of the central government in Juba.” The soldiers will also protect “Chinese workers and installations.” The soldiers join a United Nations peacekeeping force and “will operate under UN command.

De-Dollarization Continues: China-Argentina Agree Currency Swap, Will Trade In Yuan

It appears there is another nation on planet Earth that is becoming isolated. One by one, Russia and China appear to be finding allies willing to ‘de-dollarize’; and the latest to join this trend is serial-defaulter Argentina. As Reuters reports, China and Argentina’s central banks have agreed a multi-billion dollar currency swap operation “to bolster Argentina’s foreign reserves” or “pay for Chinese imports with Yuan,” as Argentina’s USD reserves dwindle.

The Nail In The Petrodollar Coffin: Gazprom Begins Accepting Payment For Oil In Ruble, Yuan

According to Russia’s RIA Novosti, citing business daily Kommersant, Gazprom Neft has agreed to export 80,000 tons of oil from Novoportovskoye field in the Arctic; it will accept payment in rubles, and will also deliver oil via the Eastern Siberia-Pacific Ocean pipeline (ESPO), accepting payment in Chinese yuan for the transfers. Meaning Russia will export energy to either Europe or China, and receive payment in either Rubles or Yuan, in effect making the two currencies equivalent as far as the Eurasian axis is conerned, but most importantly, transact completely away from the US dollar thus, finally putin'(sic) in action the move for a Petrodollar-free world. More on this long awaited first nail in the petrodollar coffin from RIA:

China Has Lost 55 Percent Of Its Most Valuable Resource

A few days ago I had a conversation with the Chief Operating Officer for our agricultural fund in Chile. We were discussing water, and he told me that roughly 60% of California right now is suffering “extreme drought” conditions. 30% of the state is in “severe drought”.

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