Not a week goes by without the Pentagon carping about an ominous Russian "threat".
Chairman of the Joint Chiefs of Staff Martin Dempsey entered certified Donald “known unknown” Rumsfeld territory when he recently tried to conceptualize the “threat”; “Threats are the combination, or the aggregate, of capabilities and intentions. Let me set aside for the moment, intentions, because I don’t know what Russia intends.”
So Dempsey admits he does not know what he’s talking about. What he seems to know is that Russia is a “threat” anyway — in space, cyber space, ground-based cruise missiles, submarines.
And most of all, a threat to NATO; “One of the things that Russia does seem to do is either discredit, or even more ominously, create the conditions for the failure of NATO.”
So Russia “does seem” to discredit an already self-discredited NATO. That’s not much of a “threat”.
All these rhetorical games take place while NATO “does seem” to get ready for a direct confrontation with Russia. And make no mistake; Moscow does view NATO’s belligerence as a real threat.
Containment of Russia – via the expansion of the EU and NATO — has always been a work in progress because the geopolitical imperative has always been the same; as Dr. Zbigniew “The Grand Chessboard” Brzezinski never tired of stressing, it was always about preventing the – threatening — emergence of a Eurasian power capable of challenging the US.
Ultimately, the notion of “containment” can be stretched out towards the dismantling of Russia itself. It also carries the inbuilt paradox that NATO’s infinite expansion eastwards has made Eastern Europe less, not more, safe.
Assuming there would even be a lethal Russia-NATO confrontation, Russian tactical nuclear weapons would knock out all NATO airports in less than twenty minutes. Dempsey – cryptically – admits as much.
What he cannot possibly admit is if a decision had been made in Washington, a long time ago, preventing NATO’s infinite expansion, Russia’s concerted move to upgrade its nuclear weapon arsenal would have been unnecessary.
Geopolitically, the Pentagon has finally seen which way the – strategic partnership – wind is blowing; towards Russia-China. This major game-changing shift in the global balance of power also translates as the combined military assets of China and Russia exceeding NATO’s.
In terms of military power Russia has superior offensive and defensive missiles over the US, with the new generation surface-to-air missile system, the S-500, capable of intercepting supersonic targets and totally sealing Russian airspace.
Moreover, despite short-term financial turbulence, the Sino-Russian combined strategy for Eurasia – an interpenetration of the New Silk Road(s) and the Eurasian Economic Union (EEU) – is bound to develop their economies and the region at large to an extent that may surpass the EU and the US combined by 2030.
And Major General Kirill Makarov, Russia’s Aerospace Defense Forces’ deputy chief, has already made it clear Moscow is upgrading its air and missile defense capabilities to smash any – real — threat by the US Prompt Global Strike (PGS).
The Pentagon’s rhetorical games also serve to mask a real high-stakes process; essentially an energy war – centering on the control of oil, natural gas and mineral resources of Russia and Central Asia. Will this wealth be controlled by oligarch frontmen “supervised” by their masters in New York and London, or by Russia and its Central Asian partners? Thus the relentless propaganda war.
A case can be made that the Masters of the Universe have resurrected the same old containment/threat geopolitical alibis – peddled by what we could dub the Brzezinski/Stratfor connection — to cover, or conceal, another stark fact.
And the fact is that the real reason for Cold War 2.0 is New York/London financial power suffering a trillion dollar-plus loss when President Putin extracted Russia from their looting schemes.
So what’s the Pentagon Plan B? To create the conditions of turning Europe into a potential theater of nuclear war. Now that’s a real threat – if there ever was one.
Supporters of the international nuclear agreement with Iran moved within one vote of mustering enough support to protect the deal in the U.S. Congress on Tuesday when two more Democratic senators said they would support the pact.
Senators Bob Casey and Chris Coons, known as Iran hard-liners, both said they backed the agreement announced on July 14 between the United States, five other world powers and Tehran.
Altogether 31 Senate Democrats and two independents who vote with them now support the deal, a potential legacy foreign policy achievement for Democratic President Barack Obama.
Both Casey and Coons said they had had serious questions about the agreement, but decided it was the best option for limiting Iran's nuclear program and preferable to the United States breaking from the other countries that signed the deal.
Supporters hope they will gather the 41 votes to block a disapproval resolution in the Senate and keep Obama from having to use his veto power. Congress has until Sept. 17 to pass a resolution.
After enduring their worst August in 17 years, U.S. stocks are off to their worst start to a September in 13 years. Just yesterday, I declared that we would be entering the “danger zone” this month, and it didn’t take long for the action to begin. Historically, this month is the worst month of the year for stocks, and most of the biggest stock market crashes throughout our history have come in the fall.
On Tuesday, the Dow plunged another 469 points, and it is now down more than 10 percent from the peak of the market back in May. That means that we have officially entered “correction” territory. Asian stocks also crashed hard on Tuesday, so did European stocks, and the price of oil plummeted about 8 percent. For a long time, there have been a lot of people out there that have been warning that a financial crisis would happen in the second half of 2015, and they are being proven right. It is actually happening.
Of course there will be plenty of ups and downs still to come. I cannot emphasize enough that we should fully expect waves of panic selling andwaves of panic buying. This always happens during any market crash.
For instance, just consider what happened when the tech bubble crashed. The following analysis comes from Graham Summers…
In a six month period, investors moved stocks down 19%, up 8%, then down 27%, then up 21%, then down 22%, then up 34%, then down 17%, then up 16%, then down 28%, then up 16%, and finally down 17%. Only at that point did stocks break their trendline for the bubble (the blue line) and it became obvious that the bubble had burst.
My point with all of this is that even when the bubble was both very specific AND obvious, the collapse was neither quick nor clean. There were several large 20%+ crashes, but overall, it was a roller coaster with jarring rallies that gradually wore its way down.
It was a full-blown market collapse, and yet there were moments when the market absolutely skyrocketed.
The same thing happened in 2008. In fact, the best two days in stock market history were right in the middle of the last financial crisis.
So don’t be fooled by what happens on any one particular day. Huge up days and huge down days are both red flags.
If the market is going to recover any time soon, what we need are nice quiet days without much volatility. Unfortunately, that is not likely to happen any time soon because a tremendous amount of damage has already been done and some massive imbalances have already developed. I like how Richard Smith put it recently…
Serious damage has been done to the financial markets in the past two weeks – very serious. Don’t let anyone tell you otherwise.
No one should be kidding themselves that what’s happened in the past two weeks is just a little late summer blip – building up some energy to rally into the fall and winter. I’m not saying it couldn’t happen but it isn’t the odds play.
Everywhere I look, technical damage has been done – and it’s like nothing we’ve seen since 2008.
Yes, the mainstream media is telling everyone that they shouldn’t panic and that everything will be just fine, but those that study the charts for a living know what is really happening. For months, I have been telling you over and over that things were setting up in textbook fashion for another financial crisis, and other experts have been seeing the exact same things that I have been seeing. For example, just consider what Louise Yamada told CNBC…
Right now, a lot of people are very confused about what to do. Those that told them to buy stocks in the first place are telling them to buy even more stocks. And of course the mainstream media is telling them that everything is going to be just wonderful after this “correction” runs its course. But at the same time a lot of people have a gut feeling that things are about to get really bad.
Personally, I think that what John Hussman shared in his recent newsletter contains a lot of wisdom…
I also want to point out that we are now less than two weeks away from the end of the Shemitah year.
If you are still not familiar with the concept of the Shemitah year, please see my previous article entitled “The Shemitah: The Biblical Pattern Which Indicates That A Financial Collapse May Be Coming In 2015“.
Even though the stock market crashed in September 2001 at the end of a Shemitah year, and in September 2008 at the end of another Shemitah year, and it is crashing again in September 2015, somehow there are still people out there that do not think that this is real.
"The Biggest Problems We Face Is That We’re All Flying Blind To A Large Degree" Warns Deutsche Bank | Zero Hedge