Why The Next War With China Could Go Very Badly For The United States

by Michael

Most Americans assume that the U.S. military is so vastly superior to everyone else that no other nation would ever dream of fighting a full-scale war against us.  Unfortunately, that assumption is dead wrong.  In recent years, the once mammoth technological gap between the U.S. military and the Chinese military has been closing

BREAKING: U.S. weapons system designs ‘compromised’ by Chinese cyberspies

Confidential report lists U.S. weapons system designs compromised by Chinese cyberspies

Designs for many of the nation’s most sensitive advanced weapons systems have been compromised by Chinese hackers, according to a report prepared for the Pentagon and to officials from government and the defense industry.

Among more than two dozen major weapons systems whose designs

German Spy Agency: Geopolitical Consequences Of US Oil Boom

Wolf Richter

Much digital ink has been spilled about the oil and gas boom in the US, the result of ever improving fracking technologies, and whether or not it will lead to energy independence, or even turn the US into an oil exporter. Now a “confidential” report by the German version of the CIA, the

Why Did The Bundesbank Secretly Withdraw Two-Thirds Of Its London Gold?

Two days ago we reported that the German Court of Auditors demanded that the German Central Bank, the Bundesbank, verify and audit its official gold holdings consisting of 3,396 tons, held mostly offshore, namely New York, London and Paris, at least according to official documents. It also called for repatriation of 150 tons in the


A day after killing Trayvon Martin, George Zimmerman passed a police lie detector test when asked if he confronted the teenager and whether he feared for his life “when you shot the guy,” according to documents released today by Florida prosecutors.

According to a “confidential report” prepared by the Sanford Police Department, Zimmerman willingly submitted to a computer

Flouts UN sanctions, sends arms to Syria

Syria remains the top destination for Iranian arms shipments in violation of a U.N. Security Council ban on weapons exports by the Islamic Republic, according to a confidential report on Iransanctions-busting seen by Reuters on Wednesday.

Iran, like Russia, is one of Syria’s few allies as it presses ahead with a 14-month old assault on opposition forces

Think cigarettes are expensive ? A pack in New Zealand could soon cost $80

Smoke-free dreams: New Zealand may look to hike the price of a packet of cigarettes to NZ$100 (£50) in its attempts to eradicate the habit by 2025

If George Osborne’s recent 37p hike on cigarettes had you gasping for air, then don’t move to New Zealand.

Ministry of Health officials there are looking at

Huge scandal threatens to engulf WalMart. Multi-million dollar bribes to obtain market dominance in Mexico hushed up by top executives.

MEXICO CITY — In September 2005, a senior Wal-Mart lawyer received an alarming e-mail from a former executive at the company’s largest foreign subsidiary, Wal-Mart de Mexico. In the e-mail and follow-up conversations, the former executive described how Wal-Mart de Mexico had orchestrated a campaign of bribery to win market dominance. In its rush to build stores,

Large banks won’t lend money to Greece anytime soon, given the losses they’ve incurred, Die Welt said, citing a confidential report by the Institute of International Finance that it obtained.

FINANCIAL NEWSTuesday, 28 February 2012 – 11:16 Die Welt: Greece judged unlikely to get bank loans

Large banks won’t lend money to Greece anytime soon, given the losses they’ve incurred, Die Welt said, citing a confidential report by the Institute of International Finance that it obtained.

According to Bloomberg, the financial industry may also be

Confidential report warns of Italy’s risk of insolvency

By Barbara Kollmeyer

MADRID (MarketWatch) — European finance ministers meeting on Tuesday evening were told Italy is at risk of insolvency, with a potential devastating impact on the euro and big economies of Germany and Spain, according to a confidential report obtained by the Guardian newspaper. The report from the European Commission and the European

Casino mogul says WYNN now ‘Chinese company’

American casino mogul Steve Wynn said Tuesday that his US-based gaming firm has become a “Chinese company” as it held its first annual meeting in Macau, now the world’s biggest gaming hub.

Wynn Resorts Ltd. was splitting its headquarters between Las Vegas and Macau, the billionaire executive said, with the company’s revenue increasingly tied

UN’s International Atomic Energy Agency says its possible Iran could be carrying out work on nuclear energy for military use:

From Reuter:

The United Nations nuclear watchdog has received new information regarding allegations of possible military aspects to Iran’s disputed nuclear program, the agency said in a report.

The confidential report, obtained by Reuters on Friday, listed several areas of questions the International Atomic Energy Agency (IAEA) has about Iran’s atomic activities and called

BP getting hammered again by negative press. The top headline on the NY Times today:

If true, this leak of a confidential report will not be good for BP, just when they started turning the corner.

This plus the jobs numbers coming in much weaker than expected may just end up bringing this market back to earth today. If U.S. existing home sales come in weak, then we will

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