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Friday, October 4, 2013


United States
294,045,678,447 (2008)
404,098,902,069 (2009)
488,928,295,253 (2010)
537,267,272,428 (2011)
139,133,877,266 (2012)
World bank values gold at Year-end London fix. In 2011, that was $1,531 / Oz.
The Federal Reserve says there is 241,000,000 ounces of gold in Fort Knox (& associated vaults)..
That would value the gold at $368 Billion in 2011.
In 2012, the year-end price was $1,657 yet the reserves FELL to only $139 Billion!!!!
So, for 2012 if the Wold Bank has not included Leased Gold in the foreign reserves, then the drop from $537 Bn -> $139 Bn = $398 Bn equates to ALL the US gold (remember, around $368 Bn of gold).
Tuesday saw 40 tons of Gold sold in 3 separate 1 minute intervals and exactly 1 minute after the pre COMEX open, again 1 minute after the COMEX open and then again 1 minute after the London morning fix. These sales accounted for over $27 of the $40 loss.
Another ‘rational’ seller at work, trying to get the most $$$ for their paper gold:
08h00: 120 Dec. contracts traded
08h01: 4,531 Dec. contracts traded
08h30: 594 Dec. contracts traded
08h31: 8,175 Dec. contracts traded
10h00 : 284 Dec. contracts traded
10h01 : 1,738 Dec. contracts traded
these volume selling spikes correlate PERFECTLY with the price drops…
Today’s $30 up move has had not one single outsized volume “minute” of trading other than 1 minute overnight that saw selling, not buying. Just steady buying.

When gold is ‘leased’, someone else (Usually a bullion bank) takes delivery and SELLS the gold.
(ASIDE: why do this? — because they get the $$ in from the sale and buy an asset returning e.g. 3% if they buy a Treasury Bond with the $$$. They hope to buy the gold back at the end of the lease, and will often paper-hedge the price risk.)
A person buys that gold from the bullion bank and puts it in the safe. They own it.
BUT the Central Bank also says it owns it!! Thus the gold is counted twice.
If you don’t believe me, check here at the IMF:
(4) gold (including gold deposits and, if appropriate, gold swapped)

House Republicans Plan To Link Debt-Limit And Shutdown Into One Fiscal Fight
House Republican leaders plan to bring up a measure to raise the U.S. debt-limit as soon as next week as part of a new attempt to force President Barack Obama to negotiate on the budget by merging the disputes over ending the government shutdown and raising the debt ceiling into one fiscal fight. This is not what most sell-side strategists expected as a base-case; in fact it is close to a worst-case for many
(this could be the big kahuna. If the debt limit fight is not resolved upwards by 17th Oct, hell will ensue.) — you saw already 1-month T-bills yield rise by 650% today, on the off-chance that the rollover of that debt gets defaulted on in a month’s time.
Standard & Poor’s says October 17th is “Sovereign Default” day for America – market ‘hysterics’to follow!
S&P has already warned this week that political brinksmanship is exactly the reason that the United States has never recovered the top-of-the-line AAA credit rating it lost two years ago. If the Oct. 17 deadline passes without a deal on the debt limit, S&P warned that it could classify the United States as being in “sovereign default.”

Read more at http://investmentwatchblog.com/world-bank-all-gold-in-fort-knox-is-leased-is-no-longer-included-in-reserves/#wvVmk0rAuuUZWBE5.99

China ships enter disputed waters: Japan Coast Guard

Japan's Coast Guard says four Chinese ships have sailed into the territorial waters off the disputed islands in the East China Sea.

The Chinese vessels entered Japan-controlled waters of the Senkaku islands (known as Diaoyu by China) on Tuesday, the coast guard said.

This came on the 64th anniversary of the founding of the People’s Republic of China, a day marked by a public holiday in the country.

Tokyo has long been engaged in a dispute with Beijing over the sovereignty of the uninhabited islands.

The incident also came as US Secretary of State John Kerry and Secretary of Defense Chuck Hagel are expected to meet their Japanese counterparts in Tokyo on Thursday.

The ministers will discuss about operational arrangements for the alliance between the two sides.

On September 27, China sent a fleet of four vessels for patrolling territorial waters surrounding the disputed chain of islands.

Japan's coastguard said on September 14 that four Chinese ships had entered its territorial waters.

On September 11, 2012, Tokyo signed a deal to buy three of the islands from their private Japanese owner in line with plans to nationalize the archipelago.

The islands are located near a crucial shipping lane and give the owner exclusive oil, mineral and fishing rights in the surrounding waters.

Last month, Chinese Foreign Minister Wang Yi said that his country is ready to talk to Japan over the maritime row if Tokyo declares the islands to be disputed.

In late April 2013, Japanese Prime Minister Shinzo Abe said Tokyo would “expel by force” any Chinese individuals landing on the islands, following an incident during which eight Chinese vessels entered the disputed waters.

Credit to Global Security

Debt Bubble is the Biggest Threat to Humanity

Spanish coast hit by waves of earth tremors

Thousands of Spanish homeowners on a 200km stretch of Mediterranean coastline have suffered a month of sleepless nights after a wave of minor earthquakes. Many people, including the country’s Minister of Industry, say a massive offshore gas storage plant could be to blame.

More than 300 earthquakes, some of them as strong as 4.2 on the Richter scale, have struck the region of northern Valencia and the southern tip of Catalonia, which is not known for seismic activity. More than 20 quakes struck on Wednesday night alone.

“First the bed started moving, then the furniture and then the whole house. All the dogs in the neighbourhood wouldn’t stop barking,” Pietat Subirats, from the coastal town of Alcanar, told the newspaper El País. Another resident, Emilio Valls, said he called the local police “and they were as scared as I was”.

Mr Valls’ first thought, he said, was that the earthquake could be connected with the Castor gas storage plant, 22 kilometres off Spain’s coast. The plant, owned and operated by the Spanish company Escal UGS, is designed to hold 1.3bn cubic metres of gas in a depleted oil reservoir 1.7 kilometres under the sea and send it via a pipeline to Spain’s national grid.

Last week the government suspended all attempts to continue filling Castor, which already contains 100 million cubic metres of gas. And today, the country’s Industry, Energy and Tourism Minister, José Manuel Soria, said on Spanish radio that “there would seem to be a link… between the storage of gas and the mini-earthquakes that have taken place.”

Luis Suarez, president of Spain’s College of Geologists, went further: “The injection of gas has provoked the increase of seismic activity. Now it has stopped it can be expected that tensions in fault lines will ease and earthquakes diminish in intensity.”

Other geologists were less certain. But whatever their cause, the tremors have awoken grim memories of the earthquake in the town of Lorca, which killed nine people and injured 100 in May 2011 – particularly as some scientists linked that quake to excessive local extraction of groundwater.

Recaredo del Potro, head of Escal UGS ,told Spanish radio that activity at the plant had been “radically halted” and that investigations had begun. Asked if the plant could be made safer, he said: “We’re dealing with forces that are infinitely superior to anything mankind can apply or control.”

A protest against Castor was planned in the region for tonight.

Credit to Independent

Elites' Strange Plot to Take Over the World

Every once in a great while, someone in the globalist camp makes a spectacular admission against interest, to the effect that there really is — as patriotic organizations like The John Birch Society have long maintained — a plot to set up world government and to subordinate to it the sovereignty of all independent nations, including the United States.

In the 1960s, it was Georgetown University history professor Carroll Quigley’s revelations about a secret international organization laying plans for world federalism — first in his magnum opus Tragedy and Hope, and later in a slimmer and more focused tome The Anglo-American Establishment — that galvanized American patriots to warn against a conspiracy to erect a world government. In 1974, Columbia University professor Richard Gardner, eventual U.S. ambassador to Italy and Spain and member of the Trilateral Commission, observed in a famous article in Foreign Affairs, “The Hard Road to World Order,” that world government could best be created piecemeal, via an “end run around national sovereignty” that would look to casual observers like a “booming, buzzing confusion” but would succeed far better than an “old-fashioned frontal assault.”

In general, though, such candid admissions have been hard to come by, mostly because those who favor some form of world government fear arousing the wrath of the American people. World government, after all, would amount to a total disavowal of the Declaration of Independence, and would lead in the long run not to some kind of enlightened global federal republic, but to world socialism and the extinction of liberty.

Nevertheless, Salon’s Matt Stoller apparently feels that the 20th-century drive to create world government — obvious in hindsight — is now far enough in the rearview mirror, and the institutions that stemmed from it enough of a fait accompli, to be worthy of open discussion in one of the Web’s most influential magazines. Stoller, be it noted, is an accomplished left-wing journalist and former senior policy advisor for prominent Democrat congressman Alan Grayson. Stoller has written for Politico and Reuters, in addition toSalon, and has been a writer and consultant for the show “Brand X with Russell Brand,” featuring the quirky British comedian.

In a September 20 Salon article entitled “Elites’ Strange Plot to Take Over the World,” Stoller spelled out much of what The John Birch Society and other patriot groups have been ridiculed for believing for decades. Writing of events that have been “written out of liberal historical memory,” Stoller introduces Salon readers to Clarence Streit, a Rhodes Scholar-turned elite journalist who, in 1939, published an influential but now scarcely-remembered tome, Union Now: A Proposal for an Atlantic Federal Union of the Free. In his book, Streit proposed to federate the United States, Canada, the “freedom-loving” nations of Europe, and other English-speaking countries like Australia and New Zealand under an international government designed along the lines of the U.S. government. As other countries adopted the ways of freedom, they would be invited to join, leading eventually to a federal world government — American republicanism on a global scale, as it were.

Union Now became the founding text of a movement known as Atlanticism — the notion that North America and Western Europe ought to be united under a trans-Atlantic government — and soon attracted the support of most North American and Western European political elites. “Nearly every presidential candidate from the 1950s to the 1970s supported it, as did hundreds of legislators in the U.S. and Western Europe,” Stoller claims, since “the context of first World War II, and then the Cold War, made such a proposal sound reasonable, even inevitable.” Indeed, out of the chaos of World War II a number of new international organizations and institutions were created which persist, in some form, to this day: the World Bank, the International Monetary Fund (IMF), the dollar as the world’s international currency, the United Nations, the General Agreement on Tariffs and Trade (GATT, which was the predecessor to the World Trade Organization), and the North Atlantic Treaty Organization (NATO).

According to Stoller, NATO was in many respects the cornerstone organization, upon which the rest of the envisaged transatlantic government could eventually be built. The rise of the Soviet Union and the Eastern Bloc provided a convenient pretext; the Atlantic Union was the only possible way to protect the West from Communism:

Faced with a Soviet threat, it seemed only natural to think that the next step after all of this institution-building was an Atlantic Union. Richard Nixon in 1966 supported the “Atlantic Union resolution” as a “forward-looking proposal which acknowledges the depth and breadth of incredible change which is going on in the world around us.” President Dwight Eisenhower, upon leaving office, thought such a trans-Atlantic union was inevitable, and argued it could cut massive Cold War defense costs by half. Eugene McCarthy, just before entering the presidential primary race against Lyndon Johnson (who did not support the measure), cosponsored the resolution in the Senate. Bobby Kennedy, George McGovern and Estes Kefauver were ardent believers. Even Barry Goldwater supported it; Ronald Reagan was the only major national figure in the Republican Party who opposed it, and Lyndon Johnson was a significant opponent in the Democratic Party.

While more or less overt attempts to set up an Atlantic Union faded after the Cold War reached a crescendo in the ’70s and early ’80s, Stoller notes with satisfaction that most of the architecture of international agreements, and the assumptions that guide modern foreign policy, were wholly shaped by Cold War-era Atlanticism:

The institutional framework of a world government composed of Western European and American states remains far more potent than we like to imagine, even beyond the security apparatus revealed by Snowden’s documents. For example, in every major free trade agreement since NAFTA, U.S. courts have been subordinated to international tribunals, which operate according to rules laid out either by the World Trade Organization, a division of the World Bank, or by a division of the United Nations known as UNCITRAL (the United Nations Commission on International Trade Law). These tribunals rule on consumer, labor, and environmental questions — not just trade. And they are trans-national, much as the supply chains of Apple, Ford, Toyota, or any other multi-national corporation are, or the technology that Google, Microsoft, or IBM promote all over the world.

There are other deep links. The Basil banking accords seek international harmonization of capital standards. Why? It’s not clear what the benefits are of having global standards for what banks should do. But the global elites push onward, regardless, towards a one world solution. And lest one think this is just theoretical, the Federal Reserve supported the European Central Bank with unlimited swap lines during the financial crisis, lending as much as $500B to the ECB in 2008 and 2009. European and other foreign banks drew liberally from the New York Federal Reserve’s discount window. The Fed became the central banker to the world.

In other words, thanks to precedents set during the Cold War, we have effectively lost sovereignty in matters of trade and finance, and global elites continue to work to solidify the one world economic and financial order, as a prelude to world government in other sectors.

Although Stoller may be unaware of it, the notion of Atlanticism, or a limited global federation of “freedom loving peoples” as a prelude to more comprehensive world government, was certainly not original to Clarence Streit. Thanks to the work of Quigley, we know that the “Round Table” groups set up at the beginning of the 20th century in England and the United States worked for precisely such a goal. One of their most influential members, eccentric British billionaire Cecil Rhodes, was particularly desirous of such an outcome, and founded — among other things — the Rhodes Scholarship program as a way of identifying potential elite players to enlist in the effort.

Streit, as we have seen, was a Rhodes Scholar; he was also involved in the Versailles peace negotiations after World War I that involved many other early globalists like Walter Lippman and Edward M. House. It is unclear to what extent Streit was “in the know” as far as the ultimate designs of 20th century globalist insiders, but there is no question that the agenda laid out in Union Now — and warned about by John Birch Society founder Robert Welch and other discerning patriots for decades — was the brainchild of far more powerful men than he.

Like Carroll Quigley, Stoller cannot resist taking a few jabs at the American “right wing” who criticized the Atlanticists’ program. Echoing similar claims in Tragedy and Hope, Stoller chides American patriots for their supposedly reflexive and unenlightened anti-Communism:

The far right hated this idea. Gunthler Klincke of the Liberty Lobby called it a scheme for a socialist world government, and Myra Hacker of a group called the “American Coalition of Patriotic Societies,” said proponents of this plan “distrust and despise the American citizen” and that it was a plan for “national suicide.” Though the proposal for Atlantic Union has been written out of liberal historical memory, there are echoes of this episode in right-wing rhetoric about One World Government. The irony of this is that, as liberals gently chuckle at right-wing paranoia about what they perceive as an imagined plot to create a world government, it is the conservatives who have a more accurate read on history. There was a serious plan to get rid of American sovereignty in favor of a globalist movement, and the various institutions the right wing hates — the IMF, the World Bank, the U.N. — were seen as stepping stones to it. Where the right wing was wrong is in thinking that this plot for a global government was also a communist plot; it wasn’t, it was motivated by anti-communism. The proponents of the Atlantic Union in fact thought that this was the only way to defeat the USSR.

So, 20 years after the collapse of the Soviet Union, we still have NATO, and the rest of the institutions created under the convenient pretext of anti-Communism are still going strong under sundry new justifications. NATO currently oversees the seemingly endless war in Afghanistan and has enlisted many of the former Eastern Bloc nations. North America and Europe have been separately corralled into regional governments masquerading as free trade zones, and efforts to further integrate NAFTA with the European Union continue unabated.

It is important to understand that the drive for global government was not “motivated” by anti-Communism (or by any other –ism, for that matter); rather, it used anti-Communism as a pretext. The ultimate motivation behind the program was and remains greater and greater power, pure and simple — power for a small cadre of vain, self-serving elites who are convinced they can abolish all the ills of this fallen world if only they can wrest enough power from the wretched and ignorant masses to achieve their objectives.

The threat of global government is as dire as ever. There is nothing benign about the generations-long project to abolish national sovereignty and replace it with some kind of planetary principate, but don’t expect the Matt Stollers of the world to acknowledge that.

Credit to New American

The Government Shutdown Is a Slap in the Face of the New World Order

Senate Majority Leader, Harry Reid (D-NV), doesn’t speak to the fact that he was elected to serve the American people. Instead, he speaks to the fact that his allegiance is to the government, whom he serves. And who is the government? Reid can only be talking about the central bankers and their wall street minions who have hijacked the US government. Reid’s words are a testament to the fact that the shutdown of the US government is a slap in the face of the New World Order.

My Life Has Not Changed, Has Yours?

What government?
What government?
As we watch the ongoing staged theatrics associated with the so-called debate over the budget, associated with the now infamous government shutdown,  I am left wondering if my life has significantly changed as we complete our third day of government shutdown.
I got up yesterday morning, dropped off my son at school and went to work. I performed my job, drove home, helped my son with his math homework and then I went to bed. I had a very average, yet productive day. If someone had not told me that the government was shut down, I would never have known. The sky did not fall and I rather enjoyed living in a government free country, if even for only a brief time.

For a Short While, We Can All Breath a Little Easier

As I realized that I have survived three days without my big brother, I am kind of getting used to the idea. I rather like the idea that the government isn’t in my face.
Given the fact that the government is posturing to steal my bank account, my pension, my wife’s 401k and every other pension and social security check for every citizen in the country, I feel much safer knowing that my government cannot reign down terror on the lives of myself, my family and my fell countrymen during this government shutdown
I have been reading the through the list of  federal government furloughs and I believe there is cause for celebration because there is a silver lining in the so-called government shutdown. Below is a partial list and a brief analysis of the supposed carnage in Washington DC and how this shutdown actually benefits the American people.


The unconstitutional Department of Education furloughed 94% of its employees totaling 3,983 out of 4,225 employees. Unfortunately, for the school children of America, the shutdown came after the haphazard national implementation of Common Core standards which will serve to undermine the education of most school children in America.
The Department of Education should be disbanded because the Constitution does not allow for its existence. Education is a state, not a federal function. Our children would be better off if we disbanded this agency. Maybe then, we could then see some real reforms instituted at the state and school board level.

The Internal Revenue Service

 irs kiddies porn
The Internal Revenue Service furloughed 85,690 of  94,516 employees (91%).  Today, the children of America are a little safer, or at least some of these IRS employees will have to watch their kiddie porn on their home computers (in reference to the 2011 scandal). The furloughing of these IRS employees will also delay how quickly they can get their grubby little hands on your bank account for failing to register for Obamacare. Further, Tea Party members can rest a little easier knowing that the IRS does not presently have the manpower to harass and intimidate them as they have in recent history.

Homeland Security

tsa goosing grannyIf there is one agency that needs to be shut down, it is the American version of the East German Stasi. Unfortunately, only 14% of DHS employees have been furloughed giving credence to the saying that “evil never takes a holiday.” This means that granny still gets goosed at the airport and the rest of the flying public will still have sexual assault committed upon them by the TSA on behalf of the DHS. Also, DHS can continue to arm to the teeth as they prepare to go to war with the American people. Unfortunately, DHS can also continue to train 386,000 foreign troops to speak English, in FEMA Region 3, as these future occupation troops move one step closer to the inevitable.
The Grid EX II power take down drill will continue unabated on November 13th in what could be the largest false flag attack in American history. Big Sis may be gone, but the tyranny and the potential for catastrophic false flag attacks are still intact.

The Department of Defense

al-awlaki kidFifty percent of the Department of Defense was furloughed this week (400,000 of 800,000). Perhaps with the military having fewer support personnel, one less foreign child will be killed by a drone, one less wedding party will be bombed and other innocent civilians around the world will get to live a few more precious days.

Sacrifices for Thee but Not for Me

obama golf3Military families have been inconvenienced as military dependents (i.e. wives of men serving in Afghanistan) will not be able to shop for the cheaper groceries at the Base Commissary as they have been closed. Yet, on a brighter note, Obama’s federal golf course is still open for business. 
I am truly sympathetic to the 800,000 federal employees who have been furloughed as some will not be able to pay their mortgages and car payments. However, Congress is still paying themselves despite the number of federal employees suffering through this debacle.


When you had your last garage sale, did you really lament over getting rid of your junk? The same is true for the size of government. As we shed some government weight, doesn’t it feel good? Isn’t it about time we realize how worthless most governmental positions truly are? We are in need of a constitutional amendment which would permanently do away with 90% of all government positions. The size of government needs to be limited. I am thankful for the shutdown because it exposes what needs to be done with regard to the scope and size of our government.
An attack upon government is an attack upon the forces of the New World Order. And that, my fellow Americans, is a great thing to behold!
Credit to the common Sense Show

US Banks Stuffing ATMs With 20-30% More Cash In Case Of Panicked Withdrawals

Even as the fearmongering over the debt ceiling hits proportions not seen since 2011 (when it was the precipitous drop in the market that catalyzed a resolution in the final minutes, and when four consecutive 400 point up and down DJIA days cemented the deal - a scenario that may be repeated again), some banks are taking things more seriously, and being well-aware that when it comes to banks, any initial panic merely perpetuates more panic, have taken some radical steps. 

The FT reports that "two of the country’s 10 biggest banks said they were putting into place a “playbook” used in August 2011 when the government last came close to breaching the debt ceiling. One senior executive said his bank was delivering 20-30 per cent more cash than usual in case panicked customers tried to withdraw funds en masse.Banks are also holding daily emergency meetings to discuss other steps, including possible free overdrafts for customers reliant on social security payments from the government."

The problem with bank runs is that often times, steps taken to mitigate future panics become self-fulfilling prophecies.

Hopefully this is not one of those cases. Then again, since increasingly fewer Americans actually have money in deposit and savings accounts with banks, there is likely nothing to worry about.

Credit to Zero Hedge

Standard of Living is Headed down the Toilet

Treasury Warns Of Debt Ceiling Crisis’ Economic Impact

With less than two weeks remaining for Congress to raise the debt limit, the Treasury Department released a report Thursday revisiting the economic impact of the 2011 debt ceiling crisis, which sent financial markets into a tailspin and slowed economic growth.

The current $16.999 trillion debt limit was reached in May, but Treasury has used creative financing to keep the government functioning normally at that cap. Those measures won’t be enough for the United States to meet its obligations come Oct. 17, Treasury Secretary Jack Lew informed Congress earlier this week.

Warning of “a large, adverse, and persistent financial shock” this time around, Treasury highlighted the impact of lower consumer confidence, slower hiring, and increased market volatility after Congress came close to not raising the borrowing cap in 2011. “Between the second and third quarter of 2011, household wealth fell $2.4 trillion,” the department wrote. “[L]ower stock prices reduce retirement security – from the second to the third quarter of 2011, retirement assets fell $800 billion.”

Treasury warned that the current government shutdown puts the nation’s economic outlook at risk, something that would be exacerbated by another drawn-out debate over raising the borrowing limit. “We may be starting to see some tentative signs that the current debate is affecting financial markets,” the department wrote.

And if Congress does not raise the debt limit, raising the possibility of default if the government is unable to meet its bond obligations, Treasury said the results could be worse than the 2008 “Great Recession.”

“In the event that a debt limit impasse were to lead to a default, it could have a catastrophic effect on not just financial markets but also on job creation, consumer spending and economic growth—with many private-sector analysts believing that it would lead to events of the magnitude of late 2008 or worse, and the result then was a recession more severe than any seen since the Great Depression,” the report states.

The full report is below:

Read more: http://swampland.time.com/2013/10/03/treasury-warns-of-debt-ceiling-crisis-economic-impact/#ixzz2giGnUd95

U.S. and Japan to deploy new radar and drones

The United States and Japan moved Thursday to modernize and expand their defense alliance to counter new 21st century challenges including the continuing threat from nuclear-armed North Korea and potential aggression from China over disputed territory.

Revamping the guidelines of their defense partnership for the first time in 16 years, the allies agreed to position a second early-warning radar in Japan within the next year to help protect against North Korea. And by next spring, they will deploy new long-range surveillance drones to help monitor disputed islands in the East China Sea, a move that may well raise tensions with Beijing.

U.S. Secretary of State John Kerry and U.S. Defense Secretary Chuck Hagel met with Japanese Foreign Minister Fumio Kishida and Defense Minister Itsunori Onodera and afterward laid out the details of the session. The talks, ahead of President Barack Obama’s visits to Indonesia and Brunei next week, were aimed at modernizing the American-Japanese alliance that both sides maintain is a cornerstone of peace and stability in North Asia.

“Japan is changing and so is its neighborhood,” Kerry told reporters at a press conference after the meeting. “So we’re coming together now to modernize our deep cooperation, through both our military alliances and our diplomatic partnerships, and that is so we can better prevent and respond to the ever-changing threats of the 21st century.”

The new X-band radar system, in fact, is designed to protect the region against the North Korean threat, boosting Japan’s ability to track and intercept missiles from across the Sea of Japan. Officials have stressed it is not directed at China. Kerry acknowledged the threat from Pyongyang, but also said the U.S. was willing to sign a non-aggression pact with North Korea if it gives up its nuclear weapons and complies with international demands.

The drones, meanwhile, are designed in part to help step up surveillance around the Senkaku islands, a source of heated debate between Japan and China. Under the plan, two or three will fly out of a U.S. base. While the U.S. has operated unmanned aircraft over Japan in the past, for example during the 2011 tsunami, this would be the first time that drones would be based in Japan.

More broadly, the documents agreed to on Thursday contain no direct mention of the Senkakus, easily one of the most contentious issues affecting security in the Pacific. Despite that, the territorial dispute over the remote, uninhabited islands was a prime topic during the meeting and of the statements by the leaders afterward.

Hagel said the U.S. reiterated that while Washington takes no side on the question of the islands’ sovereignty, it recognizes Japan’s administration of them and has responsibilities to protect Japanese territory under a mutual defense treaty.

“We strongly oppose any unilateral or coercive action that seeks to undermine Japan’s administrative control,” he said.

China’s Foreign Ministry did not immediately respond to a request for comment Thursday, which is part of a weeklong national holiday. Beijing has criticized the installation of the first military radar system, as announced last month, to monitor Pyongyang’s military activities. Foreign ministry spokesman Hong Lei then said the plans could affect regional stability and upset the strategic balance.

The U.S. has watched warily as tensions between Japan and China have heated up over the Senkakus, badly souring their relations and leading to bellicose talk and actions from both sides. China has increased patrols near the Japanese-administered islands that it calls Diaoyu.

Successive U.S. administrations have held to the position that the two nations must sort out their differences over the Senkakus peacefully, and that remains the case. U.S. officials said the position was so well known that there was no need to address it in the agreements.

Kishida, referring to the island dispute as well as the ongoing North Korea threat, said the security environment “has become increasingly severe.” He added, “We are decidedly opposed to the attempt to change the status quo through coercion. Rule of law is critically important.”

A senior administration official said the U.S. continues to believe that the most effective policy is to continue to make those points publicly and privately while encouraging the two sides to tone down rhetoric and refrain from actions that may be seen by the other as provocative. It is not in U.S. interests, nor those of Japan or China, for the chill between Tokyo and Beijing to be prolonged, the official said.

Kerry said the U.S. continues to have frank discussions with China, laying out “lines that shouldn’t be crossed.” He added that “a rising China is welcome as long as that China wants to engage according to international standards.”

The islands, also claimed by Taiwan, stir a depth of nationalist passion that belies their size and remoteness. They are located roughly midway between Taiwan and the southern Japanese island of Okinawa, and cover a total area of just 2.3 square miles.

The senior official said the new radar, which was initially announced by then-Defense Secretary Leon Panetta about a year ago, will provide better coverage in the event of a North Korean attack. There already is one of the X-band radar systems in the northern part of Japan, but the official said the second one, to be located in the Kyoto Prefecture, will fill gaps in coverage.

The official said details about the deployment of the U.S. Global Hawk drones were still being worked out. The plans also included deployment of F-35 jet fighters for the Marines around 2017. And, for the first time, the U.S. will deploy Navy P-8 anti-submarine aircraft outside the U.S., sending them to Japan later this year.

Credit to Japan Today


If you know how to read technical indicator charts, you will have noticed a dead cross developing on the dollar. There is huge resistance around current levels. The 200 day average is extremely bearish. The hedge funds no this and want out, the charts show us they are selling into strength. This also applies to the SP-500 and DOW all bearish indicators are being shown. The computer bots control the systems and the bots will drive the dollar down over the coming days.
The market is on the verge of an all out correction.
October crash is in the making. Left shoulder in place with the head now complete. You watch the Dow start to break down today and into next week. Out right short.
this guy is saying the EXACT same thing
Military insiders: “Stock market crash in mid-October” — Dr. Bill H. Weld’s Intelligence Report 
According to one calculation, the number of Americans on food stamps now exceeds the combined populations of “Alaska, Arkansas, Connecticut, Delaware, District of Columbia, Hawaii, Idaho, Iowa, Kansas, Maine, Mississippi, Montana, Nebraska, Nevada, New Hampshire, New Mexico, North Dakota, Oklahoma, Oregon, Rhode Island, South Dakota, Utah, Vermont, West Virginia, and Wyoming.”
If you started paying off just the new debt that the U.S. has accumulated during the Obama administration at the rate of one dollar per second, it would take more than 184,000 years to pay it off.
Back in 1985, our trade deficit with China was approximately 6 million dollars (million with a little “m”) for the entire year. In 2012, our trade deficit with China was 315 billion dollars. That was the largest trade deficit that one nation has had with another nation in the history of the world.

The following are 40 statistics about the fall of the U.S. economy that are almost too crazy to believe…
#1 Back in 1980, the U.S. national debt was less than one trillion dollars.  Today, it is rapidly approaching 17 trillion dollars…
National Debt
#2 During Obama’s first term, the federal government accumulated more debt than it did under the first 42 U.S presidents combined.
#3 The U.S. national debt is now more than 23 times larger than it was when Jimmy Carter became president.
#4 If you started paying off just the new debt that the U.S. has accumulated during the Obama administration at the rate of one dollar per second, it would take more than 184,000 years to pay it off.
#5 The federal government is stealing more than 100 million dollars from our children and our grandchildren every single hour of every single day.
#6 Back in 1970, the total amount of debt in the United States (government debt + business debt + consumer debt, etc.) was less than 2 trillion dollars.  Today it is over 56 trillion dollars…
Total Debt
#7 According to the World Bank, U.S. GDP accounted for 31.8 percentof all global economic activity in 2001.  That number dropped to 21.6 percent in 2011.
#8 The United States has fallen in the global economic competitiveness rankings compiled by the World Economic Forum for four years in a row.
#9 According to The Economist, the United States was the best place in the world to be born into back in 1988.  Today, the United States is only tied for 16th place.
#10 Incredibly, more than 56,000 manufacturing facilities in the United States have been permanently shut down since 2001.
#11 There are less Americans working in manufacturing today than there was in 1950 even though the population of the country has more than doubled since then.
#12 According to the New York Times, there are now approximately 70,000 abandoned buildings in Detroit.
#13 When NAFTA was pushed through Congress in 1993, the United States had a trade surplus with Mexico of 1.6 billion dollars.  By 2010, we had a trade deficit with Mexico of 61.6 billion dollars.
#14 Back in 1985, our trade deficit with China was approximately 6million dollars (million with a little “m”) for the entire year.  In 2012, our trade deficit with China was 315 billion dollars.  That was the largest trade deficit that one nation has had with another nation in the history of the world.
#15 Overall, the United States has run a trade deficit of more than 8 trillion dollars with the rest of the world since 1975.
#16 According to the Economic Policy Institute, the United States is losing half a million jobs to China every single year.
#17 Back in 1950, more than 80 percent of all men in the United States had jobs.  Today, less than 65 percent of all men in the United States have jobs.
#18 At this point, an astounding 53 percent of all American workers make less than $30,000 a year.
#19 Small business is rapidly dying in America.  At this point, only about 7 percent of all non-farm workers in the United States are self-employed.  That is an all-time record low.
#20 Back in 1983, the bottom 95 percent of all income earners in the United States had 62 cents of debt for every dollar that they earned.  By 2007, that figure had soared to $1.48.
#21 In the United States today, the wealthiest one percent of all Americans have a greater net worth than the bottom 90 percent combined.
#22 According to Forbes, the 400 wealthiest Americans have more wealth than the bottom 150 million Americans combined.
#23 The six heirs of Wal-Mart founder Sam Walton have as much wealth as the bottom one-third of all Americans combined.
#24 According to the U.S. Census Bureau, more than 146 million Americans are either “poor” or “low income”.
#25 According to the U.S. Census Bureau, 49 percent of all Americans live in a home that receives direct monetary benefits from the federal government.  Back in 1983, less than a third of all Americans lived in a home that received direct monetary benefits from the federal government.
#26 Overall, the federal government runs nearly 80 different “means-tested welfare programs”, and at this point more than 100 million Americans are enrolled in at least one of them.
#27 Back in 1965, only one out of every 50 Americans was on Medicaid.  Today, one out of every 6 Americans is on Medicaid, and things are about to get a whole lot worse.  It is being projected that Obamacare will add 16 million more Americans to the Medicaid rolls.
#28 As I wrote recently, it is being projected that the number of Americans on Medicare will grow from 50.7 million in 2012 to 73.2 million in 2025.
#29 At this point, Medicare is facing unfunded liabilities of more than 38 trillion dollars over the next 75 years.  That comes to approximately$328,404 for every single household in the United States.
#30 Right now, there are approximately 56 million Americans collecting Social Security benefits.  By 2035, that number is projected to soar to an astounding 91 million.
#31 Overall, the Social Security system is facing a 134 trillion dollar shortfall over the next 75 years.
#32 Today, the number of Americans on Social Security Disability now exceeds the entire population of Greece, and the number of Americans on food stamps now exceeds the entire population of Spain.
#33 According to a report recently issued by the Pew Research Center, on average Americans over the age of 65 have 47 times as much wealth as Americans under the age of 35.
#34 U.S. families that have a head of household that is under the age of 30 have a poverty rate of 37 percent.
#35 As I mentioned recently, the homeownership rate in America is now at its lowest level in nearly 18 years.
#36 There are now 20.2 million Americans that spend more than half of their incomes on housing.  That represents a 46 percent increase from 2001.
#37 45 percent of all children are living in poverty in Miami, more than 50 percent of all children are living in poverty in Cleveland, and about 60 percent of all children are living in poverty in Detroit.
#38 Today, more than a million public school students in the United States are homeless.  This is the first time that has ever happened in our history.
#39 When Barack Obama first entered the White House, about 32 million Americans were on food stamps.  Now, more than 47 million Americans are on food stamps.
#40 According to one calculation, the number of Americans on food stamps now exceeds the combined populations of “Alaska, Arkansas, Connecticut, Delaware, District of Columbia, Hawaii, Idaho, Iowa, Kansas, Maine, Mississippi, Montana, Nebraska, Nevada, New Hampshire, New Mexico, North Dakota, Oklahoma, Oregon, Rhode Island, South Dakota, Utah, Vermont, West Virginia, and Wyoming.”

Read more at http://investmentwatchblog.com/urgent-america-is-only-days-away-from-a-dollar-melt-down-by-flash-trades/#bRLPFEUhXZyOGlvw.99