North Korea crisis getting WORSE warns US admiral

North Korea is now more likely to launch a nuclear attack than this time last year, Mike Mullen warned.

The former admiral and chairman of the US Joint Chiefs of Staff said the situation on the peninsula scares him “to death”.

He told ABC’s This Week North Korea was working “really hard” to build up its nuclear strength and would achieve Kim Jong-un’s reckless goal to develop a nuclear missile capable of hitting the US mainland unless serious deterrents were introduced.

Mr Mullen said: “I still worry about the peninsula and the potential outcome there. I worry there is more uncertainty than there was a year ago.”
He warned, even with US President Donald Trump’s hard-line stance on North Korea, the situation was volatile and dangerous.

Mr Mullen said: “I know that the Trump administration has addressed this issue from day one, so they're very serious about creating options and have created options.

“It's still a very difficult place to know what's actually going on. I think Kim Jong-un is really working hard to achieve the nuclear capability. And I think he'll get there short of some deterrence.”

All this is leading to an increase in the likelihood of a nuclear attack, he said.

When asked whether nuclear weapons will be used, Mr Mullen replied: “I don't know. I think it's more probable than it used to be. And it scares me to death, quite frankly.

“They're the most dangerous weapons in the world. And certainly if we have someone in North Korea that has a lethal legacy, is very, very unpredictable, and sees this as a way to solidify his future, that he could well not just attain them but potentially use them.”

Credit to express.co.uk

https://www.express.co.uk/news/world/885029/north-korea-attack-usa-war-missile-kim-jong-un-nuclear-war

We Have Tripled The Number Of Store Closings From Last Year, And 20 Major Retailers Have Closed At Least 50 Stores In 2017

Did you know that the number of retail store closings in 2017 has already tripled the number from all of 2016?  Last year, a total of 2,056 store locations were closed down, but this year more than 6,700 stores have been shut down so far.  That absolutely shatters the all-time record for store closings in a single year, and yet nobody seems that concerned about it.  In 2008, an all-time record 6,163 retail stores were shuttered, and we have already surpassed that mark by a very wide margin.  We are facing an unprecedented retail apocalypse, and as you will see below, the number of retail store closings is actually supposed to be much higher next year.

Whenever the mainstream media reports on the retail apocalypse, they always try to put a positive spin on the story by blaming the growth of Amazon and other online retailers.  And without a doubt that has had an impact, but at this point online shopping still accounts for less than 10 percent of total U.S. retail sales.

Look, Amazon didn’t just show up to the party.  They have been around for many, many years and while it is true that they are growing, they still only account for a very small sliver of the overall retail pie.

So those that would like to explain away this retail apocalypse need to come up with a better explanation.

As I noted in the headline, there are 20 different major retail chains that have closed at least 50 stores so far this year.  The following numbers originally come from Fox Business…

1. Abercrombie & Fitch: 60 stores
2. Aerosoles: 88 stores
3. American Apparel: 110 stores
4. BCBG: 118 stores
5. Bebe: 168 stores
6. The Children’s Place: hundreds of stores to be closed by 2020
7. CVS: 70 stores
8. Guess: 60 stores
9. Gymboree: 350 stores
10. HHgregg: 220 stores
11. J.Crew: 50 stores
12. JC Penney: 138 stores
13. The Limited: 250 stores
14. Macy’s: 68 stores
15. Michael Kors: 125 stores
16. Payless: 800 stores
17. RadioShack: more than 1,000 stores
18. Rue21: up to 400 stores
19. Sears/Kmart: more than 300 stores
20. Wet Seal: 171 stores

If the U.S. economy was really doing well, then why are all of these major retailers closing down locations?

Of course the truth is that the economy is not doing well.  The U.S. economy has not grown by at least 3 percent in a single year since the middle of the Bush administration, and it isn’t going to happen this year either.  Overall, the U.S. economy has grown by an average of just 1.33 percent over the last 10 years, and meanwhile U.S. stock prices are up about 250 percent since the end of the last recession.  The stock market has become completely and utterly disconnected from economic reality, and yet many Americans still believe that it is an accurate barometer for the health of the economy.

I used to do a Black Friday article every year, but I have ended that tradition.  Yes, there were still a few scuffles this year, but at this point the much bigger story is how poorly the retailers are doing.

So far this year, more than 300 retailers have filed for bankruptcy, and we are currently on pace to lose over 147 million square feet of retail space by the end of 2017.

Those are absolutely catastrophic numbers.

And some analysts are already predicting that as many as 9,000 stores could be shut down in the United States in 2018.

Are we just going to keep blaming Amazon every time another retail chain goes belly up?

What we should really be focusing on is the fact that the “retail bubble” is starting to burst.  In the aftermath of the last financial crisis, retailers went on an unprecedented debt binge, and now a lot of that debt is starting to go bad.

In fact, in a previous article I discussed the fact that “the amount of high-yield retail debt that will mature next year is approximately 19 times larger than the amount that matured this year”.  This is going to have very serious implications on Wall Street, but very few people are really talking about this.

Most stores try to stay open through Christmas, but once the holiday season is over we will see another huge wave of store closings.

And as individual stores close down, this will put a lot of financial pressure on malls and shopping centers.  Not too long ago, one report projected that up to 25 percent of all shopping malls in the entire nation could close down by 2022, but I tend to think that number is too optimistic.

The retail industry in the United States is dying, and the biggest reason for that is not Amazon.

Rather, the real reason why the retail industry is in so much trouble is because of the steady decline of the middle class.  The gap between the ultra-wealthy and the rest of us is greater than ever, and we can clearly see the impact of this in the retail world.

Retailers that serve the very wealthy are generally doing well, and those that serve the other end of the food chain (such as dollar stores and Wal-Mart) are also doing okay.

But virtually all of the retailers that depend on middle class shoppers are really struggling, and this is going to continue for the foreseeable future.

Most American families are either living paycheck to paycheck or are close to that level, and these days U.S. consumers simply do not have much discretionary income to play around with.  More hard working Americans are going to fall out of the middle class with each passing month, and that is extremely bad news for a retail industry that is literally falling apart right in front of our eyes.

Credit to Economic Collapse

Russian jet buzzes US Navy spy plane over Black Sea

A Russian Su-30 fighter jet buzzed a Navy reconnaissance plane flying in the Black Sea while conducting a routine patrol in international airspace Saturday, an official told Fox News.

The Russian jet crossed 50 feet in front of the Navy P-8 in full afterburner causing “violent turbulence,” the official said. The provocation lasted 24 minutes.

It appears to be first known incident of this type since June, when an armed Russian fighter jet buzzed a U.S. Air Force reconnaissance aircraft over the Baltic Sea. The Russian Su-27 jet had air-to-air missiles under its wings and approached the U.S. Air Force RC-135 recon jet "rapidly," coming within 5 feet of the American aircraft, officials said.

Once alongside, the Russian jet was “provocative” in its flight maneuvers and flying “erratically,” according to another official.

Earlier this month, U.S. fighter jets intercepted Russian nuclear bombers approaching the aircraft carrier USS Ronald Reagan off the coast of North Korea.

Multiple U.S Navy F/A-18 jets were dispatched to escort two Russian TU-95 bombers away from the ship currently stationed near North Korea and operating in the Sea of Japan, according to Navy officials.

The Russian bombers, capable of executing a nuclear strike, were intercepted merely 80 miles away from the ship, said Navy officials.

Credit to FoxNews

Military contractors told to prepare for DOMESTIC deployment

Ron Paul Asks "Is North Korea Really A 'State Sponsor Of Terror'

Authored by Ron Paul via The Ron Paul Institute for Peace & Prosperity,

President Trump announced last week that he was returning North Korea to the US list of “state sponsors of terrorism” after having been off the list for the past nine years. 

Americans may wonder what dramatic event led the US president to re-designate North Korea as a terrorism-sponsoring nation. Has Pyongyang been found guilty of some spectacular terrorist attack overseas or perhaps of plotting to overthrow another country by force? No, that is not the case. North Korea is back on the US list of state sponsors of terrorism because President Trump thinks the move will convince the government to give up its nuclear weapons and ballistic missile program. He believes that continuing down the path toward confrontation with North Korea will lead the country to capitulate to Washington’s demands. That will not happen.

President Trump and Secretary of State Rex Tillerson argued that North Korea deserved to be back on the list because the North Korean government is reported to have assassinated a North Korean citizen – Kim Jong-Un’s own half-brother -- in February at the Kuala Lumpur International Airport. But what does that say about Washington’s own program to assassinate US citizens like Anwar al-Awlaki and his 16 year old son under Obama, and later Awlaki’s six year old daughter under Trump? Like Kim’s half brother, Awlaki and his two children were never tried or convicted of a crime before being killed by their own government.

The neocons, who are pushing for a war with North Korea, are extremely pleased by Trump’s move. John Bolton called it “exactly the right thing to do.”

Designating North Korea as a state sponsor of terrorism will allow President Trump to impose the “highest level of sanctions” on North Korea. Does anyone believe more sanctions – which hurt the suffering citizens of North Korea the most – will actually lead North Korea’s leadership to surrender to Washington’s demands? Sanctions never work. They hurt the weakest and most vulnerable members of society the hardest and affect the elites the least.

So North Korea is officially a terrorism-sponsoring nation according to the Trump Administration because Kim Jong-Un killed a family member. Meanwhile, Saudi Arabia is in the process of killing the entire country of Yemen and no one says a word. In fact, the US government has just announced it will sell Saudi Arabia $7 billion more weapons to help it finish the job.

Also, is it not “state-sponsorship” of terrorism to back al-Qaeda and ISIS, as Saudi Arabia has done in Syria?

The truth is a “state sponsor of terrorism” designation has little to do with actual support for global terrorism. As bad as the North Korean government is, it is does not go abroad looking for countries to invade. The designation is a political one, allowing Washington to ramp up more aggression against North Korea.

Next month the US and South Korean militaries will conduct a massive military exercise practicing an attack on North Korea. American and South Korean air force fighters and bombers will practice “enemy infiltration” and “precision strike drills.” Are these not also to be seen as threatening?

What is terrorism?

Maybe we should ask a Yemeni child constantly wondering when the next Saudi bomb overhead might kill his family. 

Or perhaps we might even ask a Pakistani, Somali, Iraqi, Syrian, or other child who is terrified that the next US bomb will do the same to his family.

Perhaps we need to look at whether US foreign policy actually reflects the American values we claim to be exporting before we point out the flaws in others.

Credit to Zero Hedge

Super Soldier: Army Tests New 'AI-Controlled-Exoskeleton'