China Demands US "Cease Immediately" Provocative Spy Plane Missions Near Its Borders

Just days after a report that two Chinese J-11 fighter jets buzzed a US spy plane above the South China Sea, Beijing has officially escalated its displeasure at US surveillance up the chain of command and as Reuters reports, Beijing has demanded an end to all U.S. surveillance near China. 

As a reminder, a U.S. Defense official said two Chinese J-11 fighter jets flew within 50 feet (15 meters) of the U.S. EP-3 aircraft in what the Pentagon deemed an "unsafe" intercept. And, just like Russia, China has had enough and demands US provocations end.

Stock footage of a Chinese J-11 fighter

"It must be pointed out that U.S. military planes frequently carry out reconnaissance in Chinese coastal waters, seriously endangering Chinese maritime security," China's Foreign Ministry spokesman Hong Lei Hong told reporters, adding that  "we demand that the United States immediately cease this type of close reconnaissance activity to avoid having this sort of incident happening again."

Speaking at a regular press briefing, he described the Pentagon statement as "not true" and said the actions of the Chinese aircraft were "completely in keeping with safety and professional standards." "They maintained safe behavior and did not engage in any dangerous action," Hong said.

The encounter comes a week after China scrambled fighter jets as a U.S. Navy ship sailed close to a disputed reef in the South China Sea. Another Chinese intercept took place in 2014 when a Chinese fighter pilot flew acrobatic maneuvers around a U.S. spy plane.

We are confident Russia will echo China's concerns. As we summarized earlier this week, in just the past month there have been at least four close fly-bys involved Russian fighter jets following close US incursions:

First a Russian Su-24 "buzzed" the US missile destroyer USS Donald Cook in the Baltic Sea allegedly over Russian territorial waters; then just days later another Russian fighter jet flew within 50 feet of a US recon plane also flying over the Baltic Sea; this was followed by a third close encounter when a little over a week later a Russian Mig-31s flew within 50 feet of a US spy plane flying over a Russian naval base in the Kamchatka peninsula; the fourth provocation took place just days later when as a Russian SU-27 conducted a barrel roll over a U.S. Air Force RC-135 reconnaissance plane flying over the Baltic sea.

The Chinese intercept occurred days before President Barack Obama travels to parts of Asia from May 21-28, including a Group of Seven summit in Japan and his first trip to Vietnam.

Washington has accused Beijing of militarizing the South China Sea after creating artificial islands, while Beijing, in turn, has criticized increased U.S. naval patrols and exercises in Asia. In 2015, the United States and China announced agreements on a military hotline and rules of behavior to govern air-to-air encounters called the Code for Unplanned Encounters at Sea (CUES). 

"This is exactly the type of irresponsible and dangerous intercepts that the air-to-air annex to CUES is supposed to prevent," said Greg Poling, director of the Asia Maritime Transparency Initiative at Washington's Center for Strategic and International Studies think-tank.

China has fired back that there would be no need for the "irresponsible" intercepts if the US did not launch recon missions in the first place. 

However Poling pressed on and said that either some part of China's air force "hadn't gotten the message," or it was meant as a signal of displeasure with recent U.S. freedom of navigation actions in the South China Sea. "If the latter, it would be very disappointing to find China sacrificing the CUES annex for political gamesmanship."

Zhang Baohui, a security expert at Hong Kong's Lingnan University, said he believed the encounter highlighted the limitation of CUES, and shows that Chinese pilots would still fly close to U.S. surveillance planes if needed. "Frankly, we're always going to see these kinds of incidents as China will always put the priority on national security over something like CUES whenever it feels its interests are directly threatened," he said.

The latest encounter took place in international airspace about 100 nautical miles south of mainland China and about 50 nautical miles east of Hainan island, a Pentagon spokesman said in a statement issued later on Thursday. 

Why is the US spying on Hainan? Because China's submarine bases on Hainan are home to an expanding fleet of nuclear-armed submarines and a big target for on-going Western surveillance operations. The Guangdong coast is also believed to be home to some of China's most advanced missiles, including the DF-21D anti-ship weapon.

And that is why US espionage in the region will continue, even as the Pentagon tries to put the blame on Beijing for any and all such future "close encounters" until eventually there is an "unexpected" incident.

CRedit to Zero Hedge

IDF Unveils ‘Iron Dome of the Seas’

“No weapon that is formed against thee shall prosper; and every tongue that shall rise against thee in judgment thou shalt condemn. This is the heritage of the servants of the LORD, and their due reward from Me, saith the LORD.” Isaiah 54:17 (The Israel Bible™)




The IDF’s Iron Dome of the sea. (Photo Video screenshot)

The IDF offered a glimpse on Wednesday of the so-called “Iron Dome of the Seas” – a new maritime missile-defense system modeled after the highly successful Iron Dome, which has intercepted thousands of rockets fired at Israel by Hamas from the Gaza Strip in recent years.

The new missile-defense system, called Tamir Adir, conducted a successful interception at sea, the IDF announced on Wednesday. The incredible footage released by the IDF Spokesperson’s Unit shows the defense system mounted on an Israel Navy vessel, targeting an incoming missile and blasting it out of the sky.

The Tamir Adir, which literally means “hidden and mighty,” fires a targeted Tamir interception missile, just like the Iron Dome.

The “Iron Dome of the Seas” joins Israel’s “underground Iron Dome” – still in development – designed to counter the threat of Hamas terror tunnels infiltrating Israel from Gaza.

Credit to Breaking Israel News
Read more at http://www.breakingisraelnews.com/67977/watch-idf-unveils-iron-dome-of-the-seas-05-16/#CowOFL6JXjdRgAdz.99

Soros Is Collapsing the Dollar and Setting the Stage for WW III

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Soros has warned of risks which originate from the Chinese economy. This certainly gives the appearance that its debt-ridden economy resembles the United States in 2007-08, before the derivatives markets led to  a global recession.

In January, many leading  hedge fund manager said a crash landing China was a near certainty adding that such an event would worsen global deflationary pressures, deflate stocks and of course, increase the value of U.S. government bonds. George Soros subsequently moved about 40% of his portfolio our of tradition American investments and BOUGHT GOLD.  I always say that when living in a crashing economy, do what a prominent globalist does. In other words we should racing to the exits to buy gold, not the certificates, the real thing.

The Evil Soros Has a Long Track Record of Being Correct

Disturbingly, George Soros has repeatedly demonstrated that he has had both accurate and advanced knowledge of stock market and banking crashes in the past. In fact, Soros has a history of causing economic collapses with his preplanned money movements (e.g. Arab Spring). Subsequently, savvy investors keep a very close eye on Soros’ money movements and resulting holdings as Soros is the proverbial “Canary in the mine”. He is the world’s ultimate economic hit man and both bankers and politicians watch his every move with fear and apprehension. If you want to know what money venues to avoid, or embrace, tracking George Soros is your best bet.

 Monkey See Monkey Do

With regard to one’s personal investments, a prudent steward of one’s own resources would want to not be where George Soros’ isn’t and to imitate Soros’ money movement with regard where George Soros does place his bets. Why? Because Soros is one of the principals that determines the “rules” for the rigged game of investments across the planet.

Soros’ money movements are significant for several reasons. First, he is now betting against both the U.S. Stock Market and three major U.S. domestic banks. Second, Soros, as previously stated,  has obtained a sizable gold portfolio which is something one would want to do if one were expecting, or causing a crash of paper currency (i.e. the dollar) to occur. Finally, and most significantly, Soros is betting against the solvency of the Federal Reserve by running from the three of the major investors (i.e. the three major banks) in the Federal Reserve. Maybe this is what triggered the secret G-20 meeting in Ireland this summer.

The announced Soros trend of dumping American investment vehicles in favor of gold has more history to it than what was announced on May 17th. According to a 2014 filing with the Securities and Exchange Commission, it was revealed that Soros sold his holdings in Citigroup, J.P. Morgan and Bank of America. Soros subsequently moved his money and took up new positions in gold and tech stocks associated with Chinese money movement. Soros has previously moved his money to RF Micro Devices, Nuance Communications, Marvel Technology Group, Nokia Corp., and Cypress Semiconductor. Soros also boosted his stake in Herbalife and took up a new position in Yamana Gold and AuRico Gold, and New Gold Inc. This previous asset shift by Soros sent shock-waves out among aware investors in the banking and stock market arena. Most of the investor crowd in 2014, ignored Soros asset dump and are soon going to have the their date with destiny. In the highly volatile 2016 move by Soros can scarcely be ignored. For many of you, if you don’t immediately make a move to convert your soon-to-be worthless bailed-in cash through the seizure of your bank accounts, you will not be able to afford the future price of Gold, nor you will not be able to find gold for sale.

IF YOU WANT ANY ECONOMIC STANDING AFTER THE CRASH, I STRONGLY RECOMMEND THAT YOU CONVERT YOUR SOON-TO-BE WORTHLESS CASH FOR PRECIOUS METALS

 The Chinese and the Federal Reserve Will Eventually Die Together

It is interesting to note that JP Morgan Chase, earlier in 2014, has sold their property located at One Chase Manhattan Plaza skyscraper to Fosun International, a Chinese investment firm, for the bargain basement price of $725 million. This is only the latest in a series of New York real estate purchases by Chinese investors for properties formerly reserved for Federal Reserve members. This is a highly significant event that received only a couple of days of attention, but quickly faded from the front pages of the mainstream media. In a future article, I will go into more detail how in 2014, Soros was setting a trap for both the Chinese and the Federal Reserve and today, they are both in trouble.

For now, let’s suffice it to say that, in the long-term, Soros’ actions are helping to set the course for World War III because war is something that desperate nations engage in when they have no other financial options. America, China, Russia and their military allies are quickly approaching this moment.  World War III will be a war of destroying the old, so that the full brunt of the New World Order can be ushered in.

This should be the natural of this story, but there is more.

The Soros Agenda Is On Full Display

In the short-term, Soros’ economic hit-man strategies are designed to do what they have always done which is to collapse an economy. The collapse will follow a precipitating “false-flag” incident because this is always what the globalist have done in the past. And what form will the false-flag incident(s) come in? Nobody on this side of the Internet can be sure. However, we are safe in saying that it is a short list (the grid, the banks and their cyber security, etc.).

Soros may interject himself into this push of America towards total insolvency, by causing Cleveland to burn this July. Remember, the GOP coincides with emissaries meeting in they thought were going to be secret meetings in Ireland, and I have also learned that Australia will be another site of these “secret meetings”.

I was offered money to cover the GOP convention. I turned down the job. If I knew 9/11 was going to take place I would not position myself on top of either one of the two towers.  In short, I am not suicidal. This is what I believe Cleveland will be, a death trap in which blood will flow in the streets.

I have learned that Soros has booked $325 per night rooms for groups like moveon.org and Black Live Matter. Do I need to say anymore? You may be wondering why Soros would do such a thing?

Here is Soros’ choice for President. He will see her elected at any cost. Clinton is clearly your “destroy America at all costs candidate”.

With the GOP in ruins, the run to the Presidency, would become a walk for Clinton.

Conclusion

The Soros moves to destroy the American economy and to destroy any financial power of the American middle class. not a stand-alone act.

There is a move to dominate water (e.g. T. Boone Pickens and Nestle) that has been well documented. 

There is a move underway by Monsanto in which they are coming to dominate the food supply as they also are trying to control the root of all medicine by teaming up with the World Wildlife Fund to turn the entire Amazon into a gigantic GMO endeavor.

Obama has given himself control over all resources through Executive Order 13603. I am certain that we will soon see anti-hording policies created out of thin air by DHS and FEMA which will basically outlaw all prepping.

In the short-term, every American who intends on surviving what is coming needs to be prepared and to be prepared means starting RIGHT NOW!

Soon we will be entering the danger zone (July – October) and Soros has told you with his actions that he does not intend to allow America to have a short-term or a long-term presence.

Credit to Common Sense

Scientists: Resistance Is Futile! You WILL Be Assimilated! Human-AI Integration, Nano-Sapiens Future Not Optional

We therefore present a general evaluation that is relevant to the current nano-science to nano-technology transition, about how the field evolves and how we adapt, which includes critique. One conclusion is that “artificial” computation is not optional. 

We are witnessing an inevitable and long ongoing fusion of human and ‘artificial’ information processing, cognition evolving, including that of social structures like the scientific community […] 

Increasing overpopulation and the top heavy age distribution of the human population demand radical technological adaptation if we want to prevent human suffering on an unprecedented scale. 

Required adaptation to rapid environmental changes needs nanotechnological capabilities that are equivalent to biological ones in terms of rapid adaptation by efficient means to design complex nano-structures.

Credit to skywatchtv.com

http://skywatchtv.com/2016/05/19/scientists-resistance-futile-will-assimilated-human-ai-integration-nano-sapiens-future-not-optional/

IMF Makes A Push To Take Control Of Iran's Banking System

Globalists Want Russia NATO Nucelar War

Working 60 Hours A Week At 3 Part-Time Jobs And Still Living Paycheck To Paycheck

What can you do when you are working 60 hours a week at three part-time jobs and it is still not enough?  In America today, many people have taken on more than one job in a desperate attempt to make ends meet, but they still come up short at the end of the month.  And those that are actually working are the fortunate ones, because in one out of every five families in the United States nobody has a job.  There are more than 100 million working age Americans that are currently not employed (yes this is true), and as I pointed out yesterday, job cut announcements by major firms are currently running 24 percent ahead of last year’s pace.  But unemployment is just part of the overall problem.  There is this growing misconception out there that if you “have a job” that you must be doing okay.  Unfortunately for the growing number of “working poor” in America, that is not true at all.

Just consider the case of 55-year-old Erlinda Delacruz.  At one time she had a good full-time manufacturing job, but then her factory closed down.  Millions of other Americans have also seen their good paying jobs sent out of the country in recent years, and yet our politicians refuse to do anything about it.  Today, she works 60 hours a week at three different part-time jobs and she still makes less than she once did at the manufacturing plant…

For 15 years, Erlinda Delacruz had a full-time manufacturing job in rural Winters, Texas.

It gave her health benefits and four weeks of paid vacation along with a salary that supported a good life. Then the rug was pulled from under her in 2009, when the plant closed. Since then, it’s been a battle of survival as Delacruz worked a string of part-time jobs. Last summer, she even lost her home to foreclosure.

Delacruz, 55, still works part-time. Except at three different places — Monday through Wednesday she works eight hours a day at a senior citizens center serving meals, and Thursday through Sunday Delacruz divides her time between two other jobs as a cashier at Walmart (WMT) and the Wes-T-Go convenience store.

She told CNN that she lives paycheck to paycheck”, and just like half the country, she is basically flat broke at this point.

Barack Obama promised to be the hero of the working class when he was elected, but it seems like almost everything that he has done has hurt the working class even more.

Take Obamacare for example.  Health insurance premiums have soared through the roof since Obamacare was implemented, and many struggling families now find that they can no longer afford health insurance at all.

And many of those that have signed up for Obamacare are often discovering that many doctors and hospitals won’t even accept their coverage.  The following comes from the New York Times…

AMY MOSES and her circle of self-employed small-business owners were supporters of President Obama and the Affordable Care Act. They bought policies on the newly created New York State exchange. But when they called doctors and hospitals in Manhattan to schedule appointments, they were dismayed to be turned away again and again with a common refrain: “We don’t take Obamacare,” the umbrella epithet for the hundreds of plans offered through the president’s signature health legislation.

“Anyone who is on these plans knows it’s a two-tiered system,” said Ms. Moses, describing the emotional sting of those words to a successful entrepreneur.

“Anytime one of us needs a doctor,” she continued, “we send out an alert: ‘Does anyone have anyone on an exchange plan that does mammography or colonoscopy? Who takes our insurance?’ It’s really a problem.”

Unfortunately, things are not going to be getting any better for the working class because we have now entered the early stages of the next major economic downturn.

Earlier today, I received an email from someone that works for a very large company that provides produce for some of the biggest grocery chains in America.  According to him, there has been a dramatic decline in orders coming in recently, and this is something that didn’t even happen during the depths of the last major recession.

So why in the world would that be happening if the economy was in good shape?

I have been receiving similar anecdotal reports from people all over America.  We may not be experiencing a full-blown economic implosion like Venezuela is quite yet, but we are starting to slide in that direction.

And just like in Venezuela and elsewhere around the globe, when economic conditions get harder violent crime goes up.  I have warned that this would happen over and over again, and it is already starting to happen in major cities all over the nation…

According to new reports, 2016 is shaping up to be an even more murderous year than last in over two dozen major U.S. cities as homicides rise at their fastest pace yet.

Chicago, Los Angeles, Dallas and Las Vegas have seen the worst, all of which experienced increased homicides in 2015, evidenced by acceleration of murders in the first three months of 2016.

Law enforcement officials and experts are saying the increase over the last year is due to many factors, including an uptick in gang and drug-related violence. Yet, many believe cops and citizens are now interacting differently since the rise of the Black Lives Matter movement has shifted attitudes to distrust police.

Of course we haven’t even gotten to the bad stuff yet.

What we have seen so far is just the very beginning of the chaos that is coming to America.

Before I go today, I want to mention a couple of things.

First of all, the Dow was down another 180 points today, and someone out there is betting unprecedented amounts of money that a major market crash is imminent.  Just check out this chart.  You buy shares of financial instruments such as UVXY because you think that the market is going to implode.  So if there is a giant market crash in our very near future, whoever purchased all of those shares of UVXY stands to make an enormous amount of money.

Secondly, I really started to sound the alarm about German banking giant Deutsche Bank back in September.  And sure enough – their stock price plunged to an all-time record low earlier this year.

But now the whispers are getting louder that even bigger trouble is ahead for this pillar of the European financial system.  The following originally comes from Berenberg analyst James Chappell…

Too many problems still: The biggest problem is that DBK has too much leverage. On our measures, we believe DBK is still over 40x levered. DBK can either reduce assets or increase capital to rectify this. On the first path, the markets do not exist in the size nor pricing to enable it to follow this route. Going down the second path also seems impossible at the moment, as the profitability of the core business is under pressure. Seeking outside capital is also likely to be difficult as management would likely find it hard to offer any type of return on new capital invested.

Keep a close eye on Deutsche Bank.  They may very well end up providing us with the next “Lehman Brothers moment” that so many people have been waiting for.

There is so much going on “under the surface” right now, and I am convinced that it will not stay “under the surface” for very much longer.

The global financial system is starting to come apart at the seams even as you read this article, and this is going to have enormous implications for every man, woman and child on the planet in the years ahead.

So as bad as things are for the working class in America right now, the truth is that they are about to get a whole lot worse.

Credit to Economic Collapse

China Furious After US Launches Trade War "Nuke" With 522% Duty

Now that China's brief infatuation with "rationalizing" excess capacity in its massively glutted (and insolvent) steel sector is over after lasting all of 2-3 months, China is back to doing what it did in late 2015 (and what it has always done) when as we reported, a surge in Chinese exports led to the first salvos in the trade war between China - the world's biggest exporter of various steel products and is responsible for half the entire world's steel output - and countries who are importing dumped Chinese products at the expense of their own steel and mining industries. 

Nowhere has this trade tension been more obvious than in the UK, where in recent months angry, protesting steel workers have been demanding rising protectionist steps against a country they, rightfully, see as unleashing a global commodity deflation driven by out of control, and unprofitable by highly subsidized, production by Chinese steel mills.

The US was not left unscathed: we reported in December that "The Trade Wars Begin: U.S. Imposes 256% Tariff On Chinese Steel Imports" and since then things have progressively turned worse, finally culminating overnight with an outburst of anger from Chinese officials who, after attempting to flood not just the US but also the entire world with their commodity in general and steel in particular, exports...

... Pushing prices even lower...

....  have criticized U.S. anti-dumping penalties imposed on Chinese steel amid mounting complaints Beijing is exporting at improperly low prices to clear a backlog at home. 

The numbers, however, do not lie and confirm that China is engaging in massive global commodity dumping.

Chinese exports hit a record 112 million tonnes last year, with rivals claiming that Chinese steelmakers have been undercutting them in their home markets. According to Reuters, in the four months to April, China's steel exports have risen nearly 7.6% to 36.9 million tonnes.

In some regard, China has reason to be angry: the US unleashed what is nothing short of a nuclear bomb in its rapidly escalating trade war with China, and recently imposed duties of 522% on cold-rolled steel used in automobiles and other manufacturing,  In doing so it has rendered Chinese exports to the US unsustainable and will force even more excess Chinese production to remain landlocked within China's borders, making the domestic glut, and price collapse, that much worse. 

An employee talks on his mobile phone near stacks of rebar at 
Shanxi Zhongsheng Iron and Steel in Fenyang, Shanxi Province

On the other hand, the only reason the US is forced to unveil such unprecedented protectionist measures (we wonder how the "impartial" WTO will argue that US trade practices are fair) is because of China's own capital misallocation which, however, unlike in the US where the capital markets are a perpetual store of newly printed money, in China those $30 trillion in deposits ultimately end up allocated toward fixed investment. The result is the current historic plunge in Chinese commodity prices (now that the recent bubble has burst) and the unleashing of even more exported, quite literally, deflation.

Sure enough, as AP reports, Beijing faces mounting criticism from the United States and Europe over a flood of low-cost steel that Western governments complain hurts their producers and threatens thousands of jobs.

The Chinese government is trying to shrink bloated industries including steel, coal, cement, aluminum and solar panel manufacturing in which supplies exceed demand. That has led to price-cutting wars that are driving producers into bankruptcy. It is also leading to mass layoffs, and is why in recent months the government decided to, far less publicly, stop shrinking its bloated industries and revert to the old and broken model, one which lead to the export surge in the first place.

The result has been immediate: the latest U.S. duties include 266% for anti-dumping and 256% to offset what investigators concluded were improper subsidies, for a grand total of over 500%! 

As noted previously, China is furious. The Commerce Ministry complained regulators engaged in "unfair practices" and improperly hampered the ability of Chinese companies to defend themselves but gave no details. 

"There's too much trade friction and it's not good for the market," Liu Zhenjiang, secretary general of the China Iron and Steel Association told Reuters when asked if China will appeal U.S. anti-dumping duties at the World Trade Organization. While a flood of cheap Chinese steel has been blamed for putting some overseas producers out of business, China has denied its mills have been dumping their products  on foreign markets, stressing that local steelmakers are more efficient and enjoy far lower costs than their international counterparts.

"High taxes are unfair .... China doesn't have a large market share in the United States," Zhang Dianbo, deputy general manager at Baosteel Group, said recently during a Singapore conference. Mr. Dianbo may be interested to know that creating $1 trillion in new loans in the first quarter as China did, is also to some, "unfair" as all that money goes to subsidize insolvent industries, and results in the export glut that is the heart of the problem.

To be sure, China at least tangentially acknowledged that it was the cause of the problem: a surge in Chinese steel prices helped restart once-shut mills, and might slow Beijing's bid to address excess capacity, said Baosteel's Zhang. "The price rebound is not beneficial to the overcapacity situation.... It will delay the shutdown of (inefficient) capacity," he said.

Steel prices have come off around a quarter since their April peaks and could weaken further in the second half of the year, but Zhang said they were unlikely to return to recent lows.

We disagree, and so do US steel producers who are relying on Washington to do everything in its power to prevent a price collapse.

Washington was responding to a 2015 complaint by five steel producers that said they have been forced to lay off thousands of employees due to unfair foreign competition. One of the producers, United States Steel Corp., filed a separate complaint last month accusing the biggest Chinese steel producers of conspiring to fix prices, stealing trade secrets and skirting duties on imports in the U.S. with false labeling.

Life for China's exporters is only going to get more difficult: the European Union launched its own investigation of Chinese steel exports last week following protests by steelworkers. In Britain, Tata Steel cited low-cost Chinese competition when it announced plans last month to sell money-losing operations that employ 20,000 people. 

And just to assure that this is nowhere near the end of the ongoing trade wars, China pushed back against its trading partners in April, announcing anti-dumping duties on steel from the European Union, Japan and South Korea.

Credit to Zero Hedge

Economic Collapse and WW3