We will have a mirror site at http://nunezreport.wordpress.com in case we are censored, Please save the link

Wednesday, February 17, 2016

China sends missiles to contested South China Sea island

Image result for China has deployed an advanced surface-to-air missile system to one of the disputed islands

Image result for China has deployed an advanced surface-to-air missile system to one of the disputed islands

China has deployed an advanced surface-to-air missile system to one of the disputed islands it controls in the South China Sea, Taiwan and U.S. officials said, ratcheting up tensions even as U.S. President Barack Obama urged restraint in the region.

Taiwan defense ministry spokesman Major General David Lo told Reuters on Wednesday the missile batteries had been set up on Woody Island. The island is part of the Paracels chain, under Chinese control for more than 40 years but also claimed by Taiwan and Vietnam.

A U.S. defense official also confirmed the "apparent deployment" of the missiles, first reported by Fox News.

China's foreign minister said reports by "certain Western media" should focus more on China's building of lighthouses to improve shipping safety in the region.

"As for the limited and necessary self-defense facilities that China has built on islands and reefs we have people stationed on, this is consistent with the right to self-protection that China is entitled to under international law so there should be no question about it," Wang Yi told reporters in Beijing.

Taiwan Coast Guard patrol ships are seen during a drill held about 4 nautical miles out of the port …

The Chinese defense ministry told Reuters in a statement that defense facilities on "relevant islands and reefs" had been in place for many years, adding that the latest reports about missile deployment were nothing but "hype".

China claims most of the South China Sea, through which more than $5 trillion in global trade passes every year, and has been building runways and other infrastructure on artificial islands to bolster its title.

The United States has said it will continue conducting "freedom of navigation patrols" by ships and aircraft to assure unimpeded passage through the region, where Vietnam, Malaysia, Brunei, the Philippines and Taiwan have rival claims.
Image result for China has deployed an advanced surface-to-air missile system

Admiral Harry Harris, the commander of the U.S. Pacific Command, said the deployment of missiles to the Paracels would not be a surprise but would be a concern, and be contrary to China's pledge not to militarize the region.

"We will conduct more, and more complex, freedom of navigation operations as time goes on in the South China Sea," Harris told a briefing in Tokyo. "We have no intention of stopping."

Credit to Yahoo News

James Turk-Paper Assets Evaporate in 2016

Muslims mistreated & killed each other for 1400 years now blamed the West

America Is On the Verge of Mass Starvation

food crisis
There is a very dangerous trend in America and it could literally threaten the lives of every single American in the near future. America is presently on a deliberate course to follow in the footsteps of Venezuela.

America Has Been Down The Starvation Road Before

An estimated seven million people starved to death during the Great Depression. And amazingly, these people had food preparation skills that are basically a lost art in America today (e.g. canning). These are skills that Americans no longer possess. Our collective food preparation skills consists of making sure we have enough gas to get to and from the grocery store.
With a staggering debt looming over the country, how vulnerable are Americans to starvation if and when an economic collapse takes down our economy?
It is not a secret that the world is in a desperate situation when it comes to overall world hunger. In the last year I was able to find statistics, the World Bank cites the disturbing fact that there have been 51 food riots in 37 countries in recent memory due to high food prices and the further escalation of food prices has no end in sight. The World Bank further speculates that the present state of food prices could lead to political instability and this is the kind of stuff that wars are made of. And what is the number one cause of rising food prices according to the World Bank? It is the increasing demand (see attached PDF)  for food from a growing population inside of China. The future military implications should be self-evident where hungry nations invade less hungry nations. But what about the United States? How vulnerable are Americans to the possibility of mass starvation?

A Snapshot of America’s Food Vulnerability

cbs reports on hunger in america
starvation in modern americastarvation please helpAlmost beyond belief, a full 79 percent of the people that use food banks purchase typically buy cheap, unhealthy food and still just have enough to feed their children.  The price of food continues to quickly out-pace the paychecks of most middle class families.  For example, the average price of ground beef has just hit a brand new all-time record high. There are nearly 50 million Americans that are dealing with food insecurity in various degrees of distress. Just over one out of seven Americans rely on obtaining food from various banks at one point or another and these food banks are beginning to experience record shortages.
In a case of “defend the nation and starve”, military families are feeling even more stress  from not being able to obtain sufficient quantities of food as 25% of America military families require outside assistance in getting enough to eat. What does this say about an administration which uses our soldiers to defend the nation and then kicks them to the curb by denying their VA  health benefits as the government also starves their families because they cannot survive on what we pay our soldiers? This is disgraceful, but this represents Obama’s fundamental transformation of American way!

adams homeless foodstarvation child hungerAccording to the New York Times, the typical American family is now worth 36% less than it was worth only 12 years ago!

Shockingly, one out of every six men, ranging in ages from 25 to 54, are not employed. Median family income in the United States is 7% lower than it was in 2000. The United States is now in 19th place in the world and falling. There is no way that the majority of American families can keep pace with food inflation as the wages of Americans are now inversely correlated with the rising food prices. This is a prescription for disaster. The most vulnerable to starvation within the present economic climate are the children as an amazing twenty six percent of all children are living below the poverty level. And we certainly cannot ignore the fact that 50 million Americans are on some form of Federal Food Stamps. With these kind of distressing statistics, a significant number of Americans are vulnerable to politically motivated “food blackmail” in these  times of economic distress.
Just how many Americans are vulnerable to “blackmail by starvation”? Nobody can be totally accurate in the estimation, however, the numbers listed in the above paragraphs provide a good starting point from which to estimate the risk.

Disruption to Transportation Would Prove Catastrophic

The critical element which could most impact the number of Americans who would vulnerable to starvation has to do with disruptions in our transportation system. For the purpose of efficiency and to maximize profits “Just in time (JIT)” food deliveries take place at grocery outlets several times per day. Without these JIT deliveries, we would see immediate shortages occurring on day one of any disruption to the delivery of our food to its final destination.
Although, about 10% of all Americans live near substantial food supplies, my previous investigations have revealed the fact that transportation disruption would be life-threatening to most Americans and the effects would be realized within two days. Most Americans are, at most, nine meals away starvation, which is the amount of food that the average person has stored according to FEMA.

The Obama Administration Makes a Bad Situation Worse

The BLM have been busy trying to illegally seize every farm and every ranch that it can in the west. At one time, I wrote that out of 52 ranchers who lived and operated near Cliven Bundy’s ranch, 51 of these ranchers were forced to move off of their lands. Now, with Cliven Bundy’s arrest, the number has dropped to 52 out of 52 as the Bundy’s will no doubt be forced to sell with most of the Bundy males sitting in jail without the possibility of making bail.
Why does the BLM and its first cousins at the EPA want to drive farmers and ranchers off of their land. To get a clearer picture of this issue, let’s take a brief look at Executive Order 13603.
With the stroke of his pen, Obama has total and absolute control over all food where his EO 13603 states: 
1. e) “Food resources” means all commodities and products, (simple, mixed, or compound), or complements to such commodities or products, that are capable of being ingested by either human beings or animals, irrespective of other uses to which such commodities or products may be put, at all stages of processing from the raw commodity to the products thereof in vendible form for human or animal consumption. “Food resources” also means potable water packaged in commercially marketable containers, all starches, sugars, vegetable and animal or marine fats and oils, seed, cotton, hemp, and flax fiber, but does not mean any such material after it loses its identity as an agricultural commodity or agricultural product. (f) “Food resource facilities” means plants, machinery, vehicles (including on farm), and other facilities required for the production, processing, distribution, and storage (including cold storage) of food resources, and for the domestic distribution of farm equipment and fertilizer…”


These mandates arising out of Executive Order 13603 is EXACTLY what is happening in Venezuela. It is not a case of “kinda, sorta, could be”, it is a case of this is EXACTLY what is happening right now in Venezuela. In tomorrow’s article, I will draw the unmistakable parallels between the mass starvation that is just beginning to happen in the United States right now.
While you are waiting for tomorrow’s article, please allow me to leave you with teaser #1. The Baltic Dry Index (BDI),  is the most accurate measure of how many “dry” products are being shipped around the world. The BDI, once over 5,000, has now declined to a record low of under 300. One of the major contributors to the crisis is that oil is approaching historical lows. Middle men, who ship products, need a stable oil price in order to profit from their role as distributor. When the price of oil sinks far enough, it is not longer profitable to ship anything, including food! We are quickly approaching this point inside the United States.
IF you think that this information is highly disturbing, and it is, as the facts in this article are a story unto itself. However, this piece is merely a set up article for what will be revealed tomorrow.
Teaser #2 has to do with the coincidental death of Justice Scalia. I find myself in absolute agreement with World Net Daily in that the timing of Scalia’s death is high suspicious and the circumstantial variables swirling around Scalia’s unexpected death could very easily relate back to these very issues.
Credit to Common Sense show

90% Chance Of Recession in the U.S.

Image result for 1952 recesition

In 17 of the 19 times in the last 100 years that Industrial Production has contracted for 3 consecutive months, the US economy has entered recession. Today 0.7% drop YoY is the 3rd month of declines. 
The only times in the last 100 years that 3 months of US Industrial Production contraction has not coincided with a recession was in 1934 and 1952... (and the current decline is larger than 1952's in aggregate)

While the MoM rise of 0.9% (against a revised 0.7% drop in December) was the "strong US economy" headline du jour, a simple scratch below the surface shows most of the surge was from Utilities:

So we suggest not getting too excited about that being sustainable.

Credit to Zero Hedge


Jim Rogers:"You Should Be Very Worried, You Should Be Prepared"

"[Central Banks] think they are smarter than the market," exclaims billionaire investor Jim Rogers, "they are not!" 
Warning CNN in this brief but disturbing reality check that "we are all going to get hurt by a global recession," Rogers takes aim at the incompetence of the "academic and bureaucrats who don't know what they are doing," raging that "this is going to be a disaster in the end."
Rogers concludes:
"You Should Be Very Worried, You Should Be Prepared" 
200 Seconds of awful truth...

Credit to Zero Hedge

China Imported At Least 217 Tonnes Of Gold In December As London Dumped Precious Metals

When there is no more gold left in London to export the gold price is likely to go higher on strong global demand induced by economic headwind. At the time of writing the spot gold price is $1,251.80 per ounce, up 18 % year to date, while the S&P 500 is down 9 % year to date. 
In a year that saw strong gold demand from China, in total withdrawals from the vaults of Shanghai Gold Exchange accounted for 2,596 tonnes in 2015, we turn our eyes to the most obvious place for sourcing such quantities of physical gold: London, the heart of gold wholesale market. Since the gold price came down sharply in April 2013 there has been a spectacular drain from the vaults in the London Bullion Market. In 2013 the UK net exported no less than 1,424 tonnes. Whilst net gold export from the UK in 2014 decreased to 452 tonnes, in 2015 the gold exodus from London has accelerated to 573 tonnes.
In December 2015 the UK has net exported 184 tonnes of gold, which is the third highest amount on record, according to data released by Eurostat. Net gold export in December was up 218 % from November and up 3,730 % from December last year. In December 2015 the UK gross exported 213 tonnes of gold – the second highest number on record, which is up 127 % from November and up 315 % from December 2014. The UK’s gross import accounted for 29 tonnes in December 2015, down 20 % from November and down 38 % from December 2014.
UK Gold Trade 2012 - december 2015
In the chart above we can see a clear correlation between the UK’s net gold export (“Total net flow”, the black line) and China’s wholesale gold demand (measured by “SGE withdrawals”, the turquoise line), implying gold import by China is supplied, directly or indirectly, by London. In the chart below we can see the same data as in the chart above, but now I’ve inverted “SGE withdrawals” and moved its scale on the right hand side so the correlation is even more clear.
UK Gold Trade vs SGE Withdrawals
Of total export from the UK in December 29 tonnes were net exported directly to China and a “surprising” 155 tonnes were net exported to Switzerland – from where 59 tonnes were net exported to China. From what we know China net imported at least 217 tonnes in December 2015, which is the highest amount ever (computed from data by countries that export gold to China, 29 tonnes from the UK, 59 tonnes from Switzerland and 129 tonnes from Hong Kong).
SGE withdrawlas vs China gold import monthly
Strong gold import by China in Dec is partially explained by restocking of the Shanghai Gold Exchange vaults that suffered large outflows in July, August and September due to the crashing Chinese stock market and devaluation of the renminbi.
So how come the gold price has been going down from April 2013 until December 2015 while Chinese demand has been so strong? First of all, because the West has been a strong supplier of physical gold. In my view physical supply by the West and the gold price are linked. For instance, if we compare the average monthly gold price to net gold trade by the UK this interconnection becomes apparent.
UK net gold flow vs gold price
We can see that whenever the UK is exporting gold the price is declining – and vice versa. Effectively, China has been able to purchase huge amounts of gold by the grace of London selling the metal. But what if London is running out and global demand picks up on the back of failing QE and negative interest rate policy (NIRP)? In that scenario likely the gold price would climb higher, which, coincidentally, is what we’re seeing at the time of writing. Year to date the gold price measured in US dollars has increased 18 % from $1,061 at 1 January to $1,251.80 at 11 February.
Screen Shot 2016-02-11 at 7.48.41 pm
This graph is conceived with BullionStar Charts.
Credit to Zero Hedge