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In a deep incursion, Chinese troops have entered the Indian territory in Daulat Beg Oldi(DBO) sector in eastern Ladakh and erected a tented post, setting the stage for a face-off with Indian troops. Jeremy Hsu China is building one of the world’s largest drone fleets aimed at expanding its military reach in the Pacific and swarming U.S. Navy carriers in the unlikely event of a war, according to a new report. The Chinese military — known as the People’s Liberation Army (PLA) — envisions its drone swarms scouting out battlefields, guiding missile strikes and overwhelming opponents through sheer numbers. China’s military-industrial complex has [...] by GoldCore “Gold Will Prove A Haven From Currency Storms” – OMFIF Study Today’s AM fix was U.S.D 1,690.00, EUR 1,265.82, and 1,060.49 GBP per ounce. Silver is trading at $31.79/oz, €23.91/oz and £20.04/oz. Platinum is trading at $1,695.25/oz, palladium at $723.00/oz and rhodium at $1,150/oz. Cross Currency Table – (Bloomberg)
Gold rose $7.00 or 0.42% in New York yesterday and closed at $1,686.90/oz. [...] Phil Muncaster It might be time to sweep the cobwebs out of that old nuclear bunker at the bottom of the garden after reports in state-run Chinese media confirmed that the People’s Liberation Army is actively developing an intercontinental missile capable of penetrating US defences. News first emerged of the planned ‘super missile’ from defence industry bible Jane’s Defence Weeklylast week, according to South China Morning Post. It apparently claimed that a [...] China has bet the security of its billion citizens largely around one weapon system: missiles. Which is why planned U.S. advancements to Washington’s mobile missile shield is freaking Beijing out. Its military chiefs figure they need to upgrade their own cache of various missiles or risk losing the ability to deter the U.S. Navy and Air Force. Not exactly the response American military planners had in mind. The PLA “will have [...] by ZH As first reported here, two weeks ago European banks saw the amount of USD-loans from the Fed, via the ECB’s revised swap line, surge to over $50 billion – a total first hit in the aftermath of the Bear Stearns failure prompting us to ask “When is Lehman coming?” However, according to little noted prepared remarks by Anthony Sanders in his Friday testimony to the Congress Oversight Committee, “What the Euro [...] From FT: China’s rapidly expanding satellite programme could alter power dynamics in Asia and reduce the US military’s scope for operations in the region, according to new research. Chinese reconnaissance satellites can now monitor targets for up to six hours a day, the World Security Institute, a Washington think-tank, has concluded in a new report. The People’s Liberation Army, which could only manage three hours of daily [...] |
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