Tag Archives: Russia

Putin Got Obama Hanging By the Balls

Financially speaking, of course. But no wonder Russia’s president Vladimir Putin hardly bothered to comment on the almost hysterical Barack Obama the other night, calling him a “jackass” and a “dick”.  America owes Russia 138 billion dollar. Together with his good buddy and neighbour,  Xi Jinping of China, the two trade partners now control about 1,5 trillion dollar, or 25%,  of all US debt. That means they almost control the United States of America.

“The end of “easy money” in the US is going to fundamentally influence the global economy.”

Aleksey Kudrin

 

G20SUMMIT

I think I know what kinda feelings that made US president, Barack Obama, go nuts over Russia’s president, Vladimir Putin at the opening day of the G20 meeting in St. Petersburg. Imagine; visiting your bank, where you’ve been a loyal on-time-paying customer for 20 years, just to make sure that your credit cards will be renewed when they expires at end of the year: “We’re very sorry, but your application is denied due to changes in our credit rating practices” Jackass! Let me talk to the dick in charge!

I’m not sure, but it seems like a plausible explanation.

Mr. Obama comes to St. Petersburg to gain support for his plan to launch a military attack on Syria. Instead the other state leaders starts nagging him about all the money he have borrowed on behalf of the American people and how he plans to come up with the 3 trillion dollar needed to renew existing loans due this year.

China urges the United States to be “mindful of the spill over effects” of the planned tapering of the country’s monetary stimulus , Zhu Guangyao, China’s vice finance minister said during a meeting with Russian President Vladimir Putin at the G20 summit. The US should “work to contribute to the stability of the global financial markets, and the steady recovery of the global economy,” Zhu added.

Talking exclusively to Russia Today, Russia’s former finance minister Aleksey Kudrin says the end of “easy money” in the US “is going to fundamentally influence the global economy”. However, though the tapering could be extremely painful right now, countries around the world need to reconcile the thought that such money injections could be just temporary, Kudrin says.

“Now we are witnessing an attempt to win time to reform the economy, to consolidate budgets, to cut expenses, to increase taxes, to overhaul social welfare, to stimulate some of the industries. … At a certain point this additional stimulus will have to be gone and the economy will have to function on its own,” he says.

“Will it (the global economy) be able to? Which countries won’t cope with the situation? We still don’t know. So, we’ll have to adapt to this new kind of situation. This is going to be a challenge”, Kudrin concludes.

A challenge, indeed.  What Mr. Kurdin is saying implisit is that some countries will NOT make it.

And here comes the scary part:

Vladimir-PutinAt the moment, America owes other nations 5,6 trillion dollar, according to the  US Treasuruy.

As it turns out, Russia and China holds about 25% of it. Imagine that! Imagine what may happen if they should decide to dump the whole load at the market, followed by a few other nervous investors.

That’s right. Disaster. But what does that really mean in this context?

Thanks to The Economic Collapse Blog, here’s a brief summary:

These are a few consequences of rising bond yields on 10 year US Treasuries.

  • It will cost the federal government more to borrow money.
  • It will cost state and local governments more to borrow money.
  • As bond yields go up, bond values go down.  In the end, rising bond yields could end up costing bond investors trillions of dollars.
  • Rising bond yields will cause mortgage rates to skyrocket.  In fact, we are already starting to see this happen.  This week the average rate on a 30 year mortgage hit 4.57 percent.
  • Higher interest rates will mean a slowdown in economic activity at a time when we definitely cannot afford it.
  • As economic activity slows down, that will be very bad for stocks.  When the next great stock market crash happens (and it is coming), equity investors could end up losing trillions of dollars of wealth.
  • Of course the biggest threat of all is the 441 trillion dollar interest rate derivatives time bomb that is sitting out there.  Rapidly rising interest rates could potentially bring down several of our “too big to fail” banks in rapid succession and throw us into the greatest financial crisis the nation has ever seen.

Are you starting to get the picture?

 

This is one of those articles that makes you go hmm…

Full Story&Documentation @ The Economic Collapse Blog

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Over 200 People Rescued From Drifting Ice Floe

LATVIA: One of the ice floes was washed as far as 4 kilometers away from shore. At one point it could not be reached by rescue boats, so the operation was continued by helicopter.

“219 people have been rescued from the two ice floes. The evacuation is over.”

 Latvian emergency officials

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Over 200 people, including women and children, have been rescued from two ice floes that drifted away from the shores of Latvia, the country’s emergency ministry has reported. The massive rescue operation in the Gulf of Riga involved helicopters and Navy ships. Bad weather conditions and high waves hampered rescue efforts at times, but the operation was completed successfully.

“219 people have been rescued from the two ice floes. The evacuation is over,” Latvian emergency officials told RIA Novosti.

There were 180 people on an ice floe near Vakarbulli beach, and another 39 on one near Majori beach. Initial reports suggested that there were over 500 people on both ice floes, RT.com reports.

One of the ice floes was washed as far as 4 kilometers away from shore. At one point it could not be reached by rescue boats, so the operation was continued by helicopter.

The situation was critical, as winds are very strong and the boats involved in the rescue operation were suitable for inland waters, not the sea, State Fire and Rescue Service spokesperson Victoria Sembele said, according to TVNET website.

The Latvian Emergency Ministry has once again urged people not to walk on ice.

A similar incident occurred in Russia`s Kaliningrad region, the country`s most western territory, where 80 fishermen had to be rescued from a drifting ice floe as it washed away one kilometer off shore.

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Kaspersky: “Humanity Not Ready To Deal With The Dangers of Cyber Weapons”

During a debate at the DLD 2013 conference last week, the two internet gurus, Eugene Kaspersky (Kaspersky Labs)  and Mikko Hypponen (F-Secure) made some rather disturbing comments on the development of cyber weapons.   Kaspersky has said that the new cyber weapons may be “cleaner” than traditional weapons but they are “much worse”. Hypponen added that what set cyber-weapons apart from traditional weapons was the fact that anyone could get their hands on one of these weapons, unlike a nuclear bomb, missiles or tanks which only armies would have access to. Both experts believe the situation is critical.

“We are not ready to limit their functionality, we cannot consume less IT, like oxygen or water.”

Eugene Kaspersky

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At the DLD 2013 conference, Kaspersky warned that humanity is not ready to deal with the dangers of cyber weapons and is still very vulnerable. He believes that it’s just a matter of time before a serious incident happens. And, what may be even worse, anyone can get their hands on them. Kaspersky also put forward the idea limited access to certain technologies, because we simply cannot control them, He and the situation to the tragic stories of the Zeppelin and the Concorde, two technologies which were discontinued because of inherent dangers in their original constructions.

 

images (1)According to Mikko Hypponen are we at the moment in the “first stages of a cyber-arms race,” and we are beginning to see many other countries trying to “jump on the same bandwagon” as the US and Israel, who were behind the original cyber-weapon – Stuxnet. Adding that like the nuclear scientists in a similar way lost their innocence in 1945 with the bombing of Hiroshima and Nagasaki, computer scientists lost their innocence in 2009 when Stuxnet infected a Siemens PLC device in the Natanz nuclear enrichment facility in Iran.

Both Kaspersky and Hypponen agree that the next major military engagement will involve a major cyber element, and while the battle won’t be completely online, it will be a major aspect of the war.

“I think we’ve only seen the very beginning of these problems,” Hypponen says.

Weapons of Mass Destruction – Download here!

“Attribution is one of the biggest challenges in this area – and one of the strengths for governments as they can launch a cyber-weapon]and then deny it. The difficultly of attribution is that it is very easy to leave false flags, or false leads,” according to the head of F-Secure, Mikko Hypponen. Adding that what set cyber-weapons apart from traditional weapons was the fact that anyone could get their hands on one of these weapons, unlike a nuclear bomb, missiles or tanks which only armies would have access to.

The conference in Munich took place just one week after the Kaspersky Labs announced the discovery of Red October, a highly complex piece of malware which was used by the owners to spy on embassies, diplomats, scientific organisations and other government organisations for five years without being detected.

It is unclear who is behind this attack.

Kaspersky says that in his opinion there are three possible creators  of the Red October software:

Spying Is Not War!

images (2)The first possibility is a nation-state, though the fact the malware was written in Russian didn’t automatically mean Russia was behind the attack, Kaspersky underlined.

The second possibility would be a hacktivist group like Anonymous, who could use the sensitive data stolen to advance their operations around the globe.

Finally, Kaspersky pointed to the most scary alternative –  that criminals could be behind the attack, selling the classified data to anyone from fellow criminals to governments looking for information on a neighbouring state.

Hypponen, however, do not consider this to be an act of cyber-warfare.

“Spying is not war, espionage is not warfare. The fact we have a lot of online espionage – such as Red October – is not warfare, it’s spying. Cyber]warfare is targeting critical infrastructure, because our infrastructure is run by computers,” he says.

Tech to Hack!

0Leon Panetta, the US defence secretary said back in October that the US faced the threat of a “cyber Pearl Harbour” and was increasingly vulnerable to foreign computer hackers who could attack the nation’s power grid, transportation system, and government.

And Kaspersky believes that we are nowhere near ready to deal with the dangers that are out there. “We are very, very vulnerable.  I agree with Leon Panetta, it is just a matter of time when we have the next very serious incident.”

The Russian internet pioneer, who also have proposed digital passports for entering the web, now talks about limiting access to certain technologies. At the moment, there are a number of certain digital technologies that should be walked away from due to their danger, he says.

The idea was rejected by the majority of the security expert at te conference, including Kaspersky himself, arguing that it would be difficult to do so, or to limit the function of certain digital technology.

“Are we ready for that? Can we survive without new digital technologies? I recognise the situation as critical. We are not ready to limit their functionality, we cannot consume less IT, like oxygen or water.”

A Stage of War Is Set!

imagesHypponen says that we now are in the “first stages of a cyber-arms race” and we are beginning to see many other countries trying to “jump on the same bandwagon” as the US and Israel, who were behind the original cyber-weapon – Stuxnet.

Hypponen told the audience in Munich that in a similar way to nuclear scientists losing their innocence in 1945 with the bombing of Hiroshima and Nagasaki, computer scientists lost their innocence in 2009 when Stuxnet infected a Siemens PLC device in the Natanz nuclear enrichment facility in Iran.

Both Kaspersky and Hypponen agree that the next major military engagement will involve a major cyber element, and while the battle won’t be completely online, it will be a major aspect of the war.

(Source: International Business Times)

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