WORLD AT WAR: 6.26.15 - 12 Signs That the United States and China Are Moving Toward War

12 Signs That the United States and China Are Moving Toward War - By Michael Snyder -

http://endoftheamericandream.com/archives/12-signs-that-the-united-states-and-china-are-moving-toward-war
 
If the United States and China are supposed to be such "great friends", why are both sides acting as if war is in our future?  Thanks to events in the South China Sea and the blatant theft of the personal information of millions of U.S. government workers, tensions between the United States and China are the highest that they have been in decades.  Most Americans typically assume that a real, actual shooting war between the U.S. and China could never possibly happen, but as you will see below the Chinese are actually spending a lot of time and money preparing for precisely such a conflict.  In fact, the Chinese are working feverishly to develop new offensive weapons systems that would only be used in such a war.  Of course it is extremely unlikely that a military conflict between our two nations will happen in our immediate future, but without a doubt we are moving in that direction.  And this is how wars typically happen - things build up over a period of time before they finally reach a breaking point.  Just think about what took place between the United States and Japan in the lead up to our war with them.  There were years of diplomatic troubles before Japan finally made the decision to launch a "surprise" attack on Pearl Harbor.  Right now, I believe that we are moving into a similar period of diplomatic trouble with China.  Initially, this will likely affect our trade relationship with the Chinese, but ultimately it could be much more than that.  The following are 10 signs that the United States and China are moving toward war...
 
#1 China's moves in the South China Sea have greatly angered Obama administration officials.  Some of the islands that China has grabbed are also claimed by Malaysia, Vietnam, Taiwan, Brunei and the Philippines.  The United States is bound by treaty to defend the Philippines in any conflict with China, and Brunei, Malaysia and Vietnam are all slated to be parties to the new super-secret global trade treaty that Obama is currently negotiating.  The following comes from Business Insider...
 
China's reclamation of more than 2,000 acres of land on disputed islands and atolls in the South China Sea since last year has raised international alarm over its territorial ambitions. Washington took the unusual step last month of publicizing a U.S. military surveillance flight that showed the massive scale of China's island-building.
 
China says the islands are its sovereign territory, but Washington argues that the continuation of building work and militarization of the islands could enflame complex territorial disputes with China's neighbors, with whom the U.S. is seeking to forge closer ties while preserving freedom of navigation in sea lanes crucial for world trade.
 
#2 In China, there is talk that a war may be necessary to defend China's interests in the South China Sea.  In fact, a newspaper that is a mouthpiece for the Communist Party actually stated that war with the United States "is inevitable" if the U.S. continues to insist that the Chinese must halt activities on those islands...
 
Coinciding with the publication of the white paper, an editorial in The Global Times - a tabloid newspaper mouthpiece for the ruling Communist Party - issued a warning to the US to halt its protests over the South China Sea.
 
Last week, China's foreign ministry revealed it had lodged a complaint with the US over an American spy plane that flew over parts of the disputed archipelago.
 
The article read: "We do not want a military conflict with the United States, but if it were to come, we have to accept it."
 
It added that China should "carefully prepare" for the possibility of war with Washington and that "if the United States' bottom line is that China is to halt activities, then a US-China war is inevitable in the South China Sea".
 
#3 The theft of the information of up to 14 million federal workers is being described as "an act of war".  At this point, the Obama administration appears convinced that this horrible act was committed by the Chinese government...
 
Cybersecurity is another source of acrimony that's up for discussion, given fresh urgency by the massive security breach that led to the theft of personal information of as many as 14 million current and former U.S. federal employees. The Obama administration believes that China's government, not criminal hackers, was responsible for the breach that included detailed background information on military and intelligence personnel.
 
China has denied involvement in the break-in and says it is also a victim of cyberattacks.
 
So was China behind this theft?
 
Perhaps we will never know for sure, but without a doubt this incident has raised tensions between the two nations.
 
And as tensions continue to increase, it is likely that the cyber espionage being committed by both sides will only get worse.  Ian Bremmer, the founder of Eurasia Group, recently told Business Insider that he believes that a "virtual war" between our countries has already begun...
 
"We should be very clear: China is at virtual war with the United States, and the threat is far higher than that of terrorism, which gets the lion's share of attention - and, in the post-9/11 world, funding."
 
#4 China recently conducted a series of massive military exercises that simulated an attack against Taiwan.  Since the U.S. is committed to protecting Taiwan, a real conflict of this nature would almost certainly involve the United States.  The following comes from an article that was posted on janes.com...
 
 
In a new analysis by Richard Fisher and James Hardy, IHS Jane's reports that "A series of Chinese military exercises between late May and early June showcased the ability of the People's Liberation Army (PLA) to project land, air, and naval power into the area around Taiwan."
 
The exercises demonstrated the People's Liberation Army's plan to use civilian ships during emergencies to help boost its forces.
 
"To compensate for the relatively small size of its formal naval amphibious transport fleet the PLA has co-funded construction of a large number of ferries used by civilian companies. They will be made available to the PLA during emergencies and are a frequent element in civil-military transport exercises," Fisher and Hardy write.
 
#5 According to Paul Joseph Watson, thousands of Chinese merchant ships are being retrofitted for military purposes.  The only possible conflict in which the Chinese military would need "thousands of merchant ships" would be a war with the United States...
 
China is set to retrofit thousands of merchant ships for military purposes so they can be used in the event of a war, another disturbing indication of growing tensions between Beijing and Washington.
 
Shipping industry publication TradeWinds reveals that China is preparing a new fleet of "war-ready ships" to serve as "a reserve military logistics wing" in the event of a naval conflict.
 
The new policy will apply to "containerships, ro-ros, multipurpose ships, bulkers and other ships," with shipbuilders receiving a government subsidy to pay for the cost of making the vessels "militarily useful."
 
#6 The Chinese have developed a "carrier killer" missile which was specifically designed to destroy U.S. aircraft carriers.  There are some that have suggested that these new missiles may have made U.S. aircraft carriers obsolete...
 
Nevertheless, some have suggested that the DF-21D has rendered the supercarrier obsolete. While it depends on how we use the term "obsolete," it's probably too early to make that claim. China has expended vast time and resources determining how to kill US carriers, which suggests that the Chinese military takes carrier capabilities seriously. Moreover, the number of countries with both the interest and technical capability to develop the system of systems necessary to operate an ASBM is probably limited to two for the foreseeable future, with only Russia joining China.
 
#7 The Chinese now have the capability of equipping their nuclear missiles with MIRV warheads.  According to Bill Gertz, this has significantly equalized the balance of power between the U.S. and China...
 
China carried out a long-range missile flight test on Saturday using multiple, independently targetable reentry vehicles, or MIRVs, according to U.S. defense officials.
 
The flight test Saturday of a new DF-41 missile, China's longest-range intercontinental ballistic missile, marks the first test of multiple warhead capabilities for China, officials told the Washington Free Beacon.
 
China has been known to be developing multiple-warhead technology, which it obtained from the United States illegally in the 1990s.
 
However, the Dec. 13 DF-41 flight test, using an unknown number of inert maneuvering warheads, is being viewed by U.S. intelligence agencies as a significant advance for China's strategic nuclear forces and part of a build-up that is likely to affect the strategic balance of forces.
 
#8 Of much greater concern than the MIRV warheads are the new hypersonic glide vehicles that China has developed.  These ultra-high-speed missiles are capable of carrying nuclear warheads and represent a huge threat to the United States...
 
China recently conducted the second flight test of a new, ultra-high-speed missile that is part of what analysts say is Beijing's global system of attack weapons capable of striking the United States with nuclear warheads.
 
The latest test of the new hypersonic glide vehicle (HGV) known as Wu-14 took place Aug. 7 at a missile facility in western China, said U.S. government officials familiar with details of the test reported in internal channels.
 
#9 The Chinese Navy is building a series of extremely quiet ballistic missile submarines.  These subs could potentially creep up to our coastlines and rain nuclear missiles down on us within just a few minutes.  The following comes from an article by Bill Gertz...
 
The Chinese Navy has deployed three ballistic missile submarines at sea capable of striking the United States with nuclear missiles, the commander of the U.S. Northern Command said Tuesday.
 
Adm. William Gortney, the commander, said the submarines are a "concern" and will be able to strike the United States when fully deployed with missiles and warheads.
 
The missile submarines are deployed in the South China Sea at a base on Hainan Island, according to a defense official.
 
#10 The Chinese have developed submarine-based nuclear missiles that could potentially reach all 50 states from the waters of Hawaii...
 
 
China could soon target the United States with sea-based nuclear weapons as it is reinforcing its submarines with long-range nuclear ballistic missiles, a US congressional report has found.
 
China's military is set to acquire a reliable, hard-to-destroy sea-based nuclear deterrent, with a dozen JL-2 missiles that are being mounted on its JIN class submarines, according to a report submitted to Congress by the US-China Economic and Security Review Commission.
 
The missiles have a strike range of around 7,350 km, meaning they can reach all 50 US states if they are launched from waters west or east of Hawaii.
 
#11 At a time when the U.S. military is actually shrinking, Chinese military spending is increasing each year by double digits...
 
China's government in March announced a 12.2 percent increase in military spending to $132 billion. That followed last year's 10.7 percent increase to $114 billion, giving China the second-highest defense budget for any nation behind the U.S., which spent $600.4 billion on its military last year.
 
#12 The Chinese military is not the only one preparing for a war between our two nations.  It turns out that the U.S. military has been conducting military exercises that are specifically geared toward simulating a conflict with China.  The following comes from the BBC...
 
 
Watching the US Navy close up like this, it is hard not to be slightly awed. No other navy in the world has quite the same toys, or shows them off with the same easy charm.
 
But as I stand on the deck filming my report on how "the US is practicing for war with China", I can see my host from the Navy public affairs office wincing.
 
You get used to hearing the PR rhetoric: the US Navy "is not practicing for war with any specific country". But the US Navy has not assembled two whole carrier battle groups and 200 aircraft off the coast of Guam for a jolly, either. This is about practicing what the Pentagon now calls "Air Sea Battle".
 
It is a concept first put forward in 2009, and it is specifically designed to counter the rising threat from China.
 
Like I said, a war between the United States and China is not going to happen in our immediate future.
 
But it would be a grave mistake to assume that it could never happen.
 
Over in China, their military operates under the assumption that a war between the two superpowers will definitely take place at some point, and the Chinese are working feverishly to figure out ways that they can come out on top in such a conflict.
 
Yes, the Chinese have become exceedingly wealthy selling us goods.  In the process, we have lost thousands of businesses, millions of jobs and we now owe the Chinese more than a trillion dollars.  The Chinese never intended to have a balanced and fair trading relationship with us, because it has always been their plan to emerge as the sole, dominant superpower on the entire planet.
 
Once our debt-fueled economy collapses, the Chinese won't have too much use for us anymore.  Instead, we will just be a barrier in the way of their goal of total global domination.
 
If you don't think that the Chinese view us in this manner, just read some of the white papers produced by the Chinese government and the Chinese military.  They do not consider us to be a "friend" at all.  Rather, they consider us to be an enemy that must ultimately be vanquished.
 
Sadly, most Americans seem to assume that the global community is just one big, happy family these days.
 
In the end, we will likely pay a very great price for being so naive.

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Pentagon to boost military equipment in Europe amid Moscow anger

Pentagon to boost military equipment in Europe amid Moscow anger - Thomas Gibbons-Neff -

http://www.washingtonpost.com/world/national-security/pentagon-to-boost-military-equipment-in-europe-amid-moscow-anger/2015/06/23/a2ad65c5-161c-4478-a414-c6da43119b7b_story.html
 
In a move likely to increase tensions with Russia, Secretary of Defense Ashton B. Carter confirmed Tuesday that the United States would place heavy military equipment in nations stretching from the Baltics to the Balkans.
 
The decision to bolster Washington's NATO allies - including tanks and other firepower - has been anticipated for more than a month, but coincide with deepening rifts between Moscow and the West over the conflict Ukraine.
 
"American rotational forces need to more quickly and easily participate in training and exercises in Europe," Carter said in reference to the equipment - which includes about 250 tanks, howitzers and infantry fighting vehicles to support training and other exercises.
 
The countries, all NATO members, are Bulgaria, Estonia, Germany, Latvia, Lithuania, Poland and Romania.
 
Although Washington has said the shipments are not permanent deployments, Russia has sharply opposed the build-up on its border and pledged to counter with increased deployments of its own.
 
"If heavy U.S. military equipment, including tanks, artillery batteries and other equipment really does turn up in countries in Eastern Europe and the Baltics, that will be the most aggressive step by the Pentagon and NATO since the Cold War," said Russian defense ministry official, Gen. Yuri Yakubov, last week, according to the Interfax news agency.
 
The defense ministers of Estonia, Latvia and Lithuania - all present when Carter announced the military plans - welcomed the move.
 
Sven Misker, the defense minister of Estonia, said additional troops and equipment was not about matching Russia militarily, but changing how the Kremlin assesses the vulnerability of its smaller neighbors. In September, President Obama visited Estonia to reassure Baltic allies of Washington's backing.
 
"The problem is that [Russian President Vladimir] Putin thinks he can do things very quickly...I would say that, in order to adjust the situation, we have to have a deterrent posture," Misker said. "But the deterrent has to be significant enough to change [Putin's] calculus."
 
The U.S. decision comes after Carter announced Monday that Washington would also pledge forces, including special operations units and surveillance aircraft, to a new NATO rapid-reaction task force.
 
"We do so because the United States is deeply committed to the collective defense of Europe, as we have been for decades and always will be," Carter said during Monday's press conference in Muenster, Germany.
 
The quick-reaction force would be able to respond to a crisis within 48 hours pending a unanimous approval from NATO's governing body, the North Atlantic Council.
 
Monday also marked the European Union's renewal of Russian economic sanctions for Russia's destabilizing role in eastern Ukraine, where pro-Moscow rebels have battled forces of the Western-allied government in Kiev.
 
A statement from the Russian Foreign Ministry claimed that the economic restrictions, which are now extended to Jan. 31 2016, are "illegal" and accused the European Union of being led by "Russophobic" views.
 
Meanwhile, sporadic clashes in Ukraine threaten efforts to maintain a cease-fire and work toward peace efforts. The United Nations estimates at least 6,500 people  have been killed since the conflict in Ukraine started last year.

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Joel Rosenberg: 'Something is coming. I don't know what. But we must be ready'

Joel Rosenberg: 'Something is coming. I don't know what. But we must be ready' - By Michael Snyder -

http://endoftheamericandream.com/archives/joel-rosenberg-something-is-coming-i-dont-know-what-but-we-must-be-ready
 
Do you also have the feeling that something really BIG is coming?  Recently, there has been quite a bit of chatter on the Internet about what the second half of 2015 will bring.  During the last six months of this calendar year, we are going to witness a remarkable confluence of circumstances and events, and this is something that I covered in a previous article entitled "7 Key Events That Are Going To Happen By The End Of September".  But in addition to all of the things that we can point to outwardly, a lot of very prominent individuals are also really feeling an inner "urgency" regarding what is about to happen to this country.  For example, Bible prophecy expert Joel C. Rosenberg just posted an ominous message on his own personal blog in which he stated that "something is coming" and that "we must be ready"...
 
I feel a tremendous sense of urgency about this column.
 
The United States is hurtling towards severe trouble, and the events of the past few months - and what may be coming over the next few months - grieves me a great deal.
 
Something is coming. I don't know what. But we all must be ready in every possible way.
 
When I first read that, I thought that sounded remarkably similar to how I have been feeling.
 
Personally, I am feeling more of a sense of urgency about the second half of 2015 than I have ever felt about any period of time before.
 
And like Rosenberg, I am also convinced that "something is coming" and that this nation is hurtling towards severe trouble.
 
So what in particular has Rosenberg so concerned?  The following are the items that he listed in his blog post...
 
*Violence is exploding in our cities, schools and churches. The horrific mass murder inside the church in Charleston would be bad enough if it wasn't just one of innumerable mass killings that have become epidemic in America.
*Racism is tearing us apart, and it appears things are getting worse, not better.
*The Supreme Court is poised to rule any day now on the definition and future of marriage - and if the Court rules against Biblical marriage I believe this could cause the Lord's hand to turn against our country in a severe and profound way according to the moral laws found in Romans chapter one.
*Abortions are occurring at more than one million in year and have put America on the fast track to judgment. Since 1973, Americans have murdered 57 million children through abortions. The blood of 57 million babies is crying out for justice, and they will get it in God's sovereign timing. Could that be soon?
*If all this wasn't bad enough, marriages and families are imploding all around us. Poverty is growing. Drug and alcohol use is epidemic. And that's just here at home.
*Abroad, Iran is closing in on The Bomb.
*ISIS is exploding across the Middle East, and gaining ground in Syria, Iraq and Libya.
*The Kremlin is growing more aggressive.
*Yet our politicians continue to bicker, stall, or golf, even as many abdicate their Constitutional responsibilities.
*And many Americans have little or no hope for the future, have little confidence in government, little confidence in the media or academia, and far too little confidence in the Church. Indeed, many see little or no reason to go to church, and are drifting from whatever faith they might have once had in the Lord Jesus Christ.
 
While, Rosenberg did not name a specific period of time in his article, other prominent voices have gone out on a limb and are pointing to the fall of this year.  Just yesterday, I wrote about how Lindsey Williams, Martin Armstrong and Alex Jones are all warning about what is coming in just a few months.
 
But they are not alone.  Like Joel Rosenberg, Ray Gano is also a Bible prophecy expert that is extremely concerned about what is rapidly approaching.  In fact, Gano is convinced that we will witness an economic collapse "probably starting in the third quarter of 2015"...
 
If you have been a reader of mine, you know that I have been pointing to an economic collapse, probably starting in third quarter 2015.
 
Why third quarter?
 
US History shows that when the US suffers and economic meltdown of some sorts, it always seems to take place in September - October
 
Just look at history.
 
Shemitah Signs
 
Black Monday - October 28, 1929 - the stock market starts to destabilize and crashes thus beginning the Great Depression.
 
Black Monday - October 19, 1987 - stock markets around the world crashed, shedding a huge value in a very short time. The crash began in Hong Kong and spread west to Europe, hitting the United States after other markets had already declined by a significant margin. The Dow Jones Industrial Average (DJIA) dropped by 508 points to 1738.74 (1)
 
Black Friday - October 13, 1989
 
October 27, 1997 Mini Crash
 
September 11, 2001 - The economic effects arising from the September 11 attacks were initial shock causing global stock markets to drop sharply. The September 11 attacks themselves resulted in approximately $40 billion in insurance losses, making it one of the largest insured events ever. (2)
 
I strongly believe that 2015 will be a year that begins / creates financial crashes, economic chaos and possibly the start of the next great worldwide depression.
 
Last time around, not that many understood what was happening when the stock market crashed at the very end of the Shemitah year in 2008.  But thanks to Jonathan Cahn's work, this time around millions of people are talking about the Shemitah cycle that ends this September.  For much more on all of this, please see my previous article on the Shemitah.
 
Others that take a more secular view of things are also deeply concerned about what is coming this fall.  For instance, precious metals analyst David Morgan has been pointing to the month of September since the very beginning of this year...
 
When might the economy and the "debt bomb" explode? Morgan predicts this fall. Why? Morgan says, "Momentum is one indicator and the money supply. Also, when I made my forecast, there is a big seasonality, and part of it is strict analytical detail and part of it is being in this market for 40 years. I got a pretty good idea of what is going on out there and the feedback I get. . . . I'm in Europe, I'm in Asia, I'm in South America, I'm in Mexico, I'm in Canada; and so, I get a global feel, if you will, for what people are really thinking and really dealing with. It's like a barometer reading, and I feel there are more and more tensions all the time and less and less solutions. It's a fundamental take on how fed up people are on a global basis. Based on that, it seems to me as I said in the January issue of the Morgan Report, September is going to be the point where people have had it."
 
Jeff Berwick of The Dollar Vigilante is also warning about what is going to happen in September.  The following is a quote from Berwick from one of his most recent interviews...
 
I think we're getting very, very close to the next crisis collapse. I haven't said that since 2008. I haven't said it's going to happen this year or next year... I've never really been warning that I think it really is now very close and I have been doing that lately... and I've actually predicted later this year in September.
 
There's a number of reasons why I predicted that date. There are a lot of things going on... a lot of crazy things... to go into it all it's just amazing how you can see these things being put into place.
 
So what does all of this mean?
 
Are we heading for a financial collapse (or something even worse) during the second half of 2015?

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White House celebrates Ramadan

White House celebrates Ramadan - Bill Wilson - www.dailyjot.com
 
The "president" had a few of his best religious friends at the White House East Room Monday night. It was the Islamic Iftar Dinner to celebrate Ramadan. Of course, these Muslims were on their best behavior as the "president" ticked down the list of American Muslims who were doing wonderful things in their lives. Not to waste a chance to lecture, the "president" told the group, "The Quran teaches that God's children should tread gently upon the earth and, when confronted by ignorance, reply "peace." In honoring these familiar values together--of peace and charity and forgiveness--we affirm that, whatever our faith, we're all one family." Well, Mr. "president," we are not one family and your idea of the Quran is duplicitous.
 
There is only one God and his name is not allah. The Quran denies John 3:16 that "God so loved the world that he gave his only begotten Son that whosoever believes in him should not perish, but have everlasting life." Sura 4:171 says, "believe therefore in Allah and His messengers, and say not, Three. Desist, it is better for you; Allah is only one Allah; far be It from His glory that He should have a son..." Sura 19:29 says, "God forbid that He Himself should beget a son!" Sura 17:111, 10:68, and 43:72-81 also deny Jesus is the Messiah. 2 John 7 says, "For many deceivers are entered into the world, who confess not that Jesus Christ is come in the flesh. This is a deceiver and an antichrist." Verse 10 says to not allow those into your house or bid them God speed if they do not follow the doctrine of Christ. We are not one family.
 
Furthermore, the Quran teaches that Christians and Jews who do not submit to Islam must be slaughtered. Sura 9:5 says, "...slay the infidels wherever ye find them, and take them (captive), and besiege them, and prepare for them each ambush." Sura 8:12 says, "Verily, I am with you, so keep firm those who have believed. I will cast terror into the hearts of those who have disbelieved, so strike them over the necks, and smite over all their fingers and toes." Sura 4:55 says, "Lo! Those who disbelieve Our revelations, We shall expose them to the Fire. As often as their skins are consumed We shall exchange them for fresh skins that they may taste the torment. Lo! Allah is ever Mighty, Wise." These are just three of dozens.
 
The celebration of Ramadan should not be allowed in the White House or on any other government property, such as the Pentagon. It symbolizes submission to Islam. No matter how this "president" or George W Bush before him tries to sugarcoat it, Islam is a major worldwide player in illegal drugs, human trafficking, sex slavery, violating women's rights, and is the cause of death and destruction wherever it is allowed. To say otherwise is a lie. To say that we are all one family is a sorry attempt by a leader to bring an entire nation under submission to a death cult. It is offensive and an affront to the law abiding, civil-minded citizens of the kingdom of the one true God. For me and my house, we will follow the Lord.

Of the beast and the new trade agreements - Bill Wilson - www.dailyjot.com

 
The more that is revealed about the "president's" fast track authority, the more it looks like another attempt at a one world government--not by force, but by taking over the economic power of the world and harnessing it into a powerful trade and political cartel encompassing a type and shadow of an end-time "beast" government. Revelation 13 speaks of the beast government. Verses 16-17 says, "And he causes all, both small and great, rich and poor, free and bond, to receive a mark in their right hand or in their foreheads; and that no man might buy or sell, save he had the mark..." These trade deals are not the beast, but resemble parts of his government in that they lay the ground work for global economic control.
 
In a last ditch effort to convince the Senate to not approve fast track authority to the "president," Alabama Republican Senator Jeff Sessions wrote a letter to fellow Republicans explaining what was at stake. In reality, the Congress is giving this "president" authority to negotiate in secret three trade pacts that effectively control 95% of the world's economy. The Trans-Pacific Partnership (TPP), Transatlantic Trade and Investment Partnership (TTIP), and the Trade In Services Agreement (TiSA) seek to govern how trade works, which will include many political agendas such as immigration, global warming (climate control), and the sovereignty of nations, specifically the United States.
 
These deals are being negotiated in secret and fast track authority would allow the "president" to keep them secret until they are completed. At that point, Congress would have 20 hours to read thousands of pages of regulations and vote. Because of the fast track authority, these international "treaties" bypass the Constitutional requirement that treaties receive a 2/3 vote from the Senate for confirmation. These treaties cannot be amended, nor filibustered. And at least one of the agreements can be rewritten after it is approved, with absolutely no Congressional oversight in what is rewritten. These trade agreements, in process, violate our Constitution and subject the nation to the control of multi-country cabals.
 
Originally, the "president" justified such drastic measures as needed to block China from controlling the economy of the Pacific rim. Now, he admits that China wants to join the trade pacts and he supports China's membership--one big, happy communist trade-fest. The goal of the agreements is to open trade to the US marketplace, but there is no reciprocity for US exports. Predictions are that these agreements will further deepen our trade deficits and take about $23 billion away from American car manufacturers, "destroying US auto jobs," according to the Wall Street Journal. The US will also be forced to take immigrants from Middle Eastern nations like Pakistan and Turkey, further Islamification of our country. While these agreements are the stock and trade of the "president," it defies logic that Republicans in Congress want it, too.
 

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Does The IMF Actually Want To Cause A Greek Debt Default?

Does The IMF Actually Want To Cause A Greek Debt Default? - By Michael Snyder -

http://theeconomiccollapseblog.com/archives/does-the-imf-actually-want-to-cause-a-greek-debt-default
 
When it comes to geopolitics, there are often wheels working within wheels that are working within wheels.  Once in a while we get a peek behind the scenes, but for the most part the machinations of the global elite remain shrouded in mystery most of the time.  And sometimes the global elite appear to be doing things that, on the surface, do not seem to make much sense at all.  What is going on in Europe is a perfect example of this.  If everyone was negotiating honestly, I believe that a Greek debt deal would have been reached by now.  As this endless crisis has stretched on month after month, it has become increasingly apparent that more is going on here than meets the eye.  In particular, the IMF has been standing in the way of a deal time after time.  So what do IMF officials want?  Are they looking for the "unconditional surrender" of this new Greek government in order to send a message to other governments that would potentially defy them?  Or could it be possible that the IMF actually wants a Greek debt default for some other insidious reason?
 
When the latest Greek proposal was embraced with enthusiasm by EU officials, many hoped that this meant that the crisis would soon be resolved.  But it turns out that there is still one very important player that is not happy, and that is the IMF.  The following comes from the Wall Street Journal...
 
But the IMF is still unhappy with key aspects of Greece's new economic proposals and German officials were irritated by the speed with which the commission welcomed them, warning that much work needs to be done.
 
Greece's plan calls for reducing the deficits in its pension system and government budget by relying heavily on raising taxes and social-security contributions, whereas the IMF wanted bigger spending cuts.
 
The Washington-based IMF has said Greece's economy is already too heavily taxed and that too many additional tax increases would hurt economic growth, making it harder to pay down Greece's debt.
 
"It is still short of everything that should be expected," IMF Managing Director Christine Lagarde said Monday, suggesting Greece will have to modify its proposals significantly to win the IMF's backing.
 
So what would make the IMF "happy"?
 
Would anything short of total capitulation by the Greek government suffice?
 
Meanwhile, members of Syriza are expressing a high level of frustration with the compromises that Greek Prime Minister Alexis Tsipras has already agreed to.  At this point, there is even doubt whether the current Greek proposal could get through the Greek parliament.  The following comes from Bloomberg...
 
Greek Prime Minister Alexis Tsipras is facing the first signs of dissent within his own party over his latest plan to end a five-month standoff with creditors.
 
Some of Syria's more radical and populist lawmakers expressed opposition Tuesday to the proposal as the deal's backers called on members to see the bigger picture.
 
"Personally, I cannot support such an agreement that is contrary to our election promises," Dimitris Kodelas, a Syriza lawmaker associated with former Maoists, said in an interview. "I do not care about the consequences of my decision."
 
Despite all of the optimism that we have seen this week, the odds of a Greek debt deal getting pushed through are looking slimmer by the day.
 
And even if a deal somehow miraculously happens, all it would really mean is that the can has been kicked down the road for a few more months...
 
Assuming Tsipras can force the deal through the Greek parliament, and that key creditors such as the IMF and Germany accept it too, it will do little more than buy time for negotiations on yet another rescue.
 
The final tranche of cash from the existing bailout should be enough to meet repayments due to the IMF and European Central Bank through the end of August. But the Greek government will then have to find more than two billion euros for both institutions in September and October.
 
"If this week concludes with agreement between Greece and its creditors, it won't be long before the next chapter in this drama," said Angus Campbell, senior analyst at FxPro.
 
And no matter what happens by the end of this month, it is a virtual certainty that the economic depression in Greece will just continue to deepen.
 
At this point, normal economic activity in the nation has pretty much ground to a halt.  Just consider the following excerpt from a recent Zero Hedge article...
 
"Business-to-business payments have almost been paused," one Athens businessman says. "They are just rolling over postdated checks."
 
For Greek banks, mortgage loans left unserviced by strategic defaulters have become a particular headache, especially since the Syriza-led government says it is committed to protecting low-income homeowners from foreclosures on their properties
 
"There's a real issue of moral hazard...Around 70 percent of restructured mortgage loans aren't being serviced because people think foreclosures will only be applied to big villa owners," one banker said.
 
For a long time, I have been warning that the next major economic crisis would begin in Europe before spreading across the entire globe.
 
Greece has a relatively small economy, but Italy, Spain and France are going down the exact same road that Greece has gone.
 
And what IMF officials are doing right now is that they are setting a precedent for future debt negotiations that they know are almost certainly coming with other countries in the future.
 
Sadly, most of my readers (being Americans) don't really grasp the importance of what is going on over in Europe.  We are watching a horrific train wreck unfold in slow-motion, and what is going to happen over the next few weeks is going to have massive implications for the entire planet.

An Approaching Financial Collapse - By Matt Ward -

http://www.raptureready.com/soap2/ward22.html

Greece and Europe are at a turning point. Many seasoned commentators already believe that the next and greatest worldwide economic crash has already begun. Over the next few days decisions and events are going to unfold that will literally affect the economic course of Europe, and arguably the entire world.
 
We are looking at the potential beginnings of a full-blown worldwide economic collapse.
 
What is happening now in Greece really is a tragedy. The place which witnessed the birth of democracy is on the edge of a precipice, and it looks very much like they may go over into the abyss. If Greece defaults on its debts to the International Monetary Fund, which at this point looks certain, it will bring forth a chain of events very difficult to control with repercussions very difficult to predict. 
 
What is certain is the real effects and damage this will cause for Greece internally and that the contagion of this crisis will certainly move to other European countries, and very quickly at that.
 
The economy of Greece has been reeling since 2008 when the US financial crisis fully spilled into Europe, swamping unstable economies like Greece. Eurozone countries within a matter of just a year became so severely damaged that five had to seek official and massive financial help. 
 
Greece, Ireland, Portugal, and Cyprus formally applied for bailout programs. Each country received huge bailout loans from a combination of the European Union, the European Central Bank and International Monetary Fund in exchange for the implementation of harsh domestic austerity measures.
 
As the crisis developed domestic economic activity in these five countries were severely affected; meaning that governments were only able to collect dwindling tax receipts leaving them with significantly decreased revenues. This in turn has led to even greater and harsher austerity and the further slashing of government spending. 
 
The effect of this on these countries has been crippling, with massively increased unemployment, increased social disorder and discontent, limited and stifled new business growth and worryingly a large percentage drop in each nation's annual GDP.
 
During this same period because each of these nations borrowed a lot of money, each has seen a huge increase in sovereign debt since 2008. Spain and Ireland's sovereign debt has ballooned by as much as two-thirds since 2008 alone. At the same time the private debt of households and businesses has also risen -- meaning that combined public and private debt in these countries is simply staggering. 
 
Greece and Portugal's public and national debt is three times the size of its annual economic output. Ireland's is four times bigger. Since 2008, the jobless rates have doubled in Ireland and quadrupled in Greece, especially amongst those over the age of 25. 
 
These factors combined have led to the rise of political parties like Alexis Tsipras's Syriza party, elected on a specific mandate to challenge and end austerity. And challenge austerity is exactly what he is doing, and in doing so he may bring down the European financial system.
 
If Greece defaults on their obligations to the IMF it will likely try to return to the drachma system it had before, albeit a drastically deflated drachma. This would be great for tourists on Greek beaches but horrendous for anybody with a Euro investment in Greece. Anyone with any Euros held in Greek banks would look to withdraw their investments, meaning that the entire Greek banking system would likely implode. 
 
This would mean there would be no Euros to convert into Drachma's therefore there would be no money for the Greek government to cover essentials like paying for the police force, the Army, so on and so forth. This could lead to internal anarchy in Greece.
 
This situation would lead to the second major issue Europe would face from this crisis: contagion. To prevent a Greek collapse the European Union may simply eliminate a significant portion of Greece's debt in return for further integration and promises of financial compliance from Greece. 
 
This sounds great in theory but watching all this closely from the sidelines are Spain, Italy and Portugal who would see an immediate spike in support for their own domestic versions of the hardline Syriza party, who would look to make a similar deal to Greece. 
 
This would be a much different situation because the debt owed by these countries on a whole is on a different level to that owed by Greece. Much of the debt held by Spain, Italy and Portugal is held by commercial banks. This means that if these countries were to default the entire European banking system would collapse as these banks would become insolvent. This would almost certainly drag many other worldwide financial institutions and banks over the edge with them.
 
To prevent this the Eurozone would only have perhaps one option; to waive a significant portion of their debts too, which would mean creating trillions of Euros from nowhere instantaneously to service and facilitate this debt. This would almost certainly lead to a currency crisis the likes of which we have not yet seen. It would be epic. This in turn would almost certainly cause a worldwide currency crisis.
 
I write often about the convergence of biblical prophecy. The more I look at the worldwide financial markets the more I find it hard to comprehend how they have not completely collapsed already. I am convinced it is the staying hand of God that has sustained them thus far. However, I believe that hand is being removed, along with the obvious removal of restraint more generally that we are witnessing in the world today.
 
At some point in the near future the markets will collapse and the worldwide banking and financial system that we know today will come crashing down. When this happens unprecedented chaos will follow in its wake. It is simply a matter of time.  
 
There is real possibility this ultimate crash could be triggered by events similar to those we are witnessing in Greece today. Only time will tell. When the crash does come it will result in and require the complete rebuilding of the worldwide financial system.
 
One thing that is clear is that there has never been a time in human history where the forthcoming mark of the beast financial system has ever seemed such a viable and realistic possibility.
 
"He causes all, both small and great, rich and poor, free and slave, to receive a mark on their right hand or on their foreheads, and that no one may buy or sell except one who has the mark or the name of the beast, or the number of his name.  Here is wisdom. Let him who has understanding calculate the number of the beast, for it is the number of a man: His number is 666" (Revelation 13:16-18).

Signs of Financial Turmoil in Europe, China and the United States - By Michael Snyder -

http://theeconomiccollapseblog.com/archives/signs-of-financial-turmoil-in-europe-china-and-the-united-states

 
As we move toward the second half of 2015, signs of financial turmoil are appearing all over the globe.  In Greece, a full blown bank run is happening right now.  Approximately 2 billion euros were pulled out of Greek banks in just the past three days, Barclays says that capital controls are "imminent" unless a debt deal is struck, and there are reports that preparations are being made for a "bank holiday" in Greece.  Meanwhile, Chinese stocks are absolutely crashing.  The Shanghai Composite Index was down more than 13 percent this week alone.  That was the largest one week decline since the collapse of Lehman Brothers.  In the U.S., stocks aren't crashing yet, but we just witnessed one of the largest one week outflows of capital from the bond markets that we have ever witnessed.  Slowly but surely, we are starting to see the smart money head for the exits.  As one Swedish fund manager put it recently, everyone wants "to avoid being caught on the wrong side of markets once the herd realizes stocks are over-valued".
 
I don't think that most people understand how serious things have gotten already.  In Greece, so much money has been pulled out of the banks that the European Central Bank admits that Greek banks may not be able to open on Monday...
 
The European Central Bank told a meeting of euro zone finance ministers on Thursday that it was not sure if Greek banks, which have been suffering large daily deposit outflows, would be able to open on Monday, officials with knowledge of the talks said.
 
Greek savers have withdrawn about 2 billion euros from banks over the past three days, with outflows accelerating rapidly since talks between the government and its creditors collapsed at the weekend, banking sources told Reuters.
 
All over social media, people are sharing photos of long lines at Greek ATMs as ordinary citizens rush to get their cash out of the troubled banks.
 
 
 
And if there is no debt deal by the end of this month, the Greek debt crisis is going to totally spin out of control and financial chaos will begin to erupt all over Europe.  But instead of trying to be reasonable, EU president Donald Tusk "has delivered an ultimatum to Greece", and it almost appears as if EU officials are more concerned about winning a power struggle than they are about averting financial catastrophe...
 
EU president Donald Tusk has delivered an ultimatum to Greece, claiming the country must 'accept an offer or default' at an emergency summit set for Monday - in a last-ditch effort to stop the debt-stricken nation crashing out of the euro.
 
'We are close to the point where the Greek government will have to choose between accepting what I believe is a good offer of continued support or to head towards default,' Mr Tusk said today.
 
His comments come as Greek Prime Minister Alexis Tsipras warned that his country's exit from the eurozone would trigger the collapse of the single currency.
 
'The famous Grexit cannot be an option either for the Greeks or the European Union,' he said in an Austrian newspaper interview.
 
'This would be an irreversible step, it would be the beginning of the end of the eurozone.'
 
While all of this has been going on, the obscene stock market bubble in China has started to implode.  Just check out the following numbers from Zero Hedge...
 
As the carnage began last night in China we noted the extreme levels of volatility the major indices had experienced in recent weeks. By the close, things were ugly with the broad Shanghai Composite down a stunning 13.3% on the week - the most since Lehman in 2008 (with Shenzhen slightly better at down 12.8% and CHINEXT down a record-breaking 14.99%).
 
Under normal circumstances, numbers like these would be reason for a full-blown financial panic over in Asia.  But these are not normal times.  Even with these losses, stock prices in China are still massively overinflated.  For example, USA Today is reporting that the median stock over in China is "trading at 95 times earnings"...
 
Margin debt in China has soared to a record $363 billion, according to Bloomberg, and the median stock in mainland China is now trading at 95 times earnings, which even tops the price-to-earnings multiple of 68 back at the 2007 peak.
 
That is absolutely ridiculous.  When a stock is trading at 25 or 30 times earnings it is overpriced.  So these numbers that are coming out of China are beyond crazy, and what this means is that Chinese stocks have much, much farther to fall before they get back to any semblance of reality.
 
Meanwhile, in the U.S. money is flowing out of bonds at a staggering pace.  The following quote originally comes from Bank of America...
 
"High grade credit funds suffered their biggest outflow this year, and double the previous week (and also the biggest since June 2013). High yield outflows also jumped to $1.1bn, the biggest since the start of the year. However, government bond funds suffered the most amid the recent spike in volatility, with outflows surging to the highest weekly number on record ($2.7bn). This brings the total outflow from fixed income funds to almost $6bn over the last week, the highest since the Taper Tantrum and the third highest outflow ever."
 
What this means is that big trouble is brewing in the bond markets.  This is something that I warned about in my previous article entitled "Experts Are Warning That The 76 Trillion Dollar Global Bond Bubble Is About To Explode".
 
For the moment, U.S. stocks are doing fine.  But just about everyone can see that we in a massive financial bubble that could burst at any time.  Presidential candidate Donald Trump says that what we are witnessing is a "big fat economic and financial bubble like you've never seen before"...
 
Yesterday during an interview on MSNBC, presidential candidate Donald Trump said he has some big names in mind for the Treasury secretary if he wins the White House. "I'd like guys like Jack Welch. I like guys like Henry Kravis. I'd love to bring my friend Carl Icahn." He also opined on the economy and the stock market, admitting that the Fed has benefited people like him but that the economy and is in a "big fat economic and financial bubble like you've never seen before."
 
Ron Paul also believes that this financial bubble is going to end very badly.  Just check out what he told CNBC earlier this week...
 
Despite record highs in the market, former Rep. Ron Paul says the Fed's easy money policies have left stocks and bonds are on the verge of a massive collapse.
 
"I am utterly amazed at how the Federal Reserve can play havoc with the market," Paul said on CNBC's "Futures Now" referring to Thursday's surge in stocks. The S&P 500 closed less than 1 percent off its all-time high. "I look at it as being very unstable."
 
In Paul's eyes, "the fallacy of economic planning" has created such a "horrendous bubble" in the bond market that it's only a matter of time before the bottom falls out. And when it does, it will lead to "stock market chaos."
 
Yes, this financial bubble has persisted far longer than many believed possible, but all irrational bubbles eventually burst.
 
And you know what they say - the bigger they come the harder they fall.
 
When this gigantic financial bubble finally implodes, it is going to be absolutely horrifying, and the entire planet is going to be shocked by the carnage.

 

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