POSTED AUGUST 28, 2015
HSBC Unable To Make 275,000 Payments
They said it was a “computer glitch”. O.K. The next time you fail to make a payment to a creditor, tell them it was a “computer glitch”. Personally, I prefer “the dog ate my homework”. We may all see a lot of “computer glitches in the months and years to come.
How about this: you ran out of money. Of course I can't prove it, but in view of the turmoil in international markets, the demand for payments in the derivative markets, the $100 billion bond dump from China and the margin calls in international stock markets over the past week, computer glitches doesn't seem as likely as “out of money”.
As it has been in the past, I am sure central banks will quickly print up enough money to cover any losses by large banks, but one of these days, billions of people around the world will decide they no longer want the funny money freshly printed by bankers.
Bruce New World Order News
Bank Holiday: HSBC Unable To Make 275,000 Payments Because Of Bank Glitch
(UK) Around 275,000 bank payments have been held up by a computer glitch at HSBC – with many people reporting they have not received their monthly salaries.
Some – including customers of other banks – have had to cancel holidays and weekend getaways ahead of the bank holiday.
Salaries that should have arrived in personal accounts overnight have instead got caught up in the national Bacs payment system.
HSBC has said it may not be able to get the delayed payments through by the end of the day.
Matthew Robinson is co-founder of Hove-based translating service UK Techtrans, where the problem has left his eight employees and 100 suppliers unpaid.
Many have had to cancel holidays this weekend, he said.
He told Sky News: “Today has been an absolute calamity.
“It affects our business in a bad way and I cannot get through to (HSBC) on their phones.”
Nigel Moore, a sales representative in Exeter who has also had to cancel plans for a long weekend getaway, realised something was wrong when he checked his bank balance at around 5am, adding that there was no communication from HSBC telling him what had happened or what he could do.
He told Sky News: “I’ve got direct debits which are set to go on Tuesday and if I don’t get paid I will incur bank charges as I will significantly be over my overdraft.
“This includes my child support payments to my ex-wife and I have not been informed as to whether I will be still liable for that. So not only will I have to sort out bills but have awkward conversations with the CSA (Child Support Agency).”
A Twitter user wrote: “None of my staff have been paid. Cannot get through to them on the phone. Absolute shambles of a bank! Extremely poor performance.”
HSBC said the fault was in information used to process some payments from HSBC business customers, including payments to customers of other banks.
The bank, which has 48 million customers in 72 countries, including 16.1 million in the UK, added: “HSBC apologises for the inconvenience this has caused. We are taking immediate steps to ensure the payments reach beneficiaries as quickly as possible.
“We will work with other banks to ensure that customers do not lose out as a result of today’s problems.”
Payment issues were being highlighted on Twitter as early as 7.30am but at that stage HSBC was yet to even realise the glitch, telling customers that it was not aware of any problems.
It also appears from Twitter reports that some HSBC customers are unable to login to their online banking accounts.
The Financial Conduct Authority said it would ensure HSBC did not leave people out of pocket.
The Bacs system deals with transactions worth around £50bn every day.
HSBC customers were advised to call 03457 404 404 for further information.
In June 600,000 payments failed to reach the accounts of RBS customers.
Andrew Tyrie MP, chairman of the Treasury Select Committee, said: “This appears to be yet another serious IT failure by one of the major clearing banks.
“It is increasingly clear that most, if not all, of these banks’ IT payments systems need a good deal of investment, and there is a lot to put right.”
He added: “I will be writing to the chief executive of HSBC to obtain an assurance that no customers will lose out from these failures and to ask what is going to be done to prevent a repetition.”
POSTED AUGUST 27, 2015
WHAT ABOUT THE LAST DEPRESSION?
Anytime we, in the U.S., have a recession, stock market collapse or other economic event, a comparison to the great depression of the 1930's is made. There are some similarities and lessons to be learned, but the last 80 years has seen a lot of changes which would make other comparisons impossible.
The subject article makes some good points which can help us as individuals. One point was on the unavailability of money. This has happened to a small degree here in the U.S. During hurricane Katrina and other natural disasters. ATM's quickly shut down and those without cash were out of luck. That is why many recommend keeping cash available outside the banking system. Another point is to have extra items you may want to trade. Food, ammunition, toiletries, medical supplies etc., will be valuable in trading for other items you may need.
Even though this is not 1930, self sufficiency is timeless. If you are one who will be in serious trouble if the system breaks down, even temporarily, then you can be sure, sooner or later, you will be in serious trouble.
Bruce New World Order News
The Day All The ATMs Ran Out Of Cash
(Daniel Jenning) Money plays such an important role in our lives that most of us could not imagine surviving without it. Yet that is exactly what you need to do if you want to prepare for an economic condition called deflation.
Deflation is the term economists use to describe a “general decline in prices, often caused by a reduction in the supply of money or credit.”A good way to think of deflation is as the opposite of inflation. Inflation occurs when there is too much money in circulation, which destroys its value and raises prices. When deflation occurs, there is too little money available, which often causes prices to collapse and the economy to shut down.
In severe cases of deflation there can be no money available at all not — even at the banks. This nightmare actually occurred during the Great Depression of the 1930s, when there were places in the United States where there was no cash available at all. More recently, it has happened in Greece, where ATMs ran out of cash and where banks placed limits on the amount of money that could be withdrawn.
People had no money to pay bills or buy food for their families. Employers had no money to pay employees, customers had no money to buy goods, and many people were reduced to bartering to survive. During the Great Depression, farmers would pay professionals such as mechanics and doctors with food because they had no money and no credit.
The situation got so bad that in some areas of the country, local governments, chambers of commerce and businesses issued their own currencies — the so-called depression scrip. (See a picture of one here.) The scrip often took the form of pieces of paper that people used as money because there was no government currency available. The scrip was used to pay workers or buy goods.
At one point during the Great Depression, the money shortage got so severe that the US government considered issuing a national scrip as an alternative to the dollar. That plan was eventually dropped and the government solved the crisis by simply printing more dollars.
Many people have known survivors of the Great Depression who liked to keep large amounts of cash on hand. Others would hoard food and other items. Those people developed that habit because they remembered what life without money was like. The fear of the deflation that occurred in the 1930s haunted them all of their lives.
The frightening reality is that the threat of deflation is still real. Some knowledgeable individuals, such as wealth preservation experts Will and Bill Bonner, believe that a sudden deflation leading to a national or international money shortage is still possible today.
The Bonners, who have studied some of the world’s knowledgeable investors such as George Soros, believe that the next financial crisis will begin with a “violent monetary shock” similar to the one that occurred during the Great Depression. They predict that money could suddenly disappear overnight, causing the economy to come to a grinding halt.
What Happens When Money Vanishes
Historical accounts of the Great Depression show us some of the possible effects of such a violent monetary shock. The damage caused by such a violent deflation can include:
The sudden collapse of prices. The Great Depression began with the collapse of stock market prices in 1929. That was preceded by the collapse of agricultural prices in the United States during the 1920s. During that crisis, land prices in rural areas collapsed, causing large numbers of rural banks to fail. When the banks failed, the government liquidated them and their assets, which included lots of foreclosed farmland, an action that further drove prices and made the crisis worse.
Everything you have — your investments, your home and your possessions — could suddenly lose all of its value. We saw this happen during the mortgage bubble of 2007-2008, when many people found themselves “underwater.” That occurs when the amount a home is mortgaged for exceeds the property’s value.
The collapse in prices during the Great Depression particularly hurt farmers who relied on commodity prices. Newsreels from the early 1930s show farmers dumping grain on the ground and pouring out milk because they could not sell them.
Bank runs and the collapse of financial institutions. A bank run or banking panic occurs when all of a bank’s depositors try to take their money out at once. Bank runs often trigger the collapse of financial institutions, which prompts even more bank runs. Between 1930 and 1933 nearly 10,000 banks failed or were suspended. The panic got so bad that President Franklin D. Roosevelt actually suspended all bank transactions in the US between March 6 and March 10, 1933 to prevent further runs in his so-called “bank holiday.”
During the banking crisis of the 1930s, many Americans lost their life savings simply because they were not able to get to the bank fast enough and withdraw their money. Even some wealthy individuals ended up on the streets and in bread lines because they could not get money from the bank.
Massive unemployment. It is a simple and obvious fact that when there is no money, there are no jobs. At the height of the Great Depression in 1933, 24.75 percent of the nation’s labor force, or one in four workers, were unemployed. Around 12.83 million people were out of work at a time when America’s total population was only around 93 million people. That unemployment persisted for years, with 8.1 million Americans still out of work in 1940 in the 11th year of the Great Depression. The unemployment created by the Depression only ended when World War II created “jobs” in the form of the draft and war production.
Hunger and Starvation. Not surprisingly, hunger and in some cases death from starvation can become a problem after deflation. Historians disagree on the number of people who died during the Great Depression.
Massive expansion of government and its power. In his first 100 days in office in 1933, Roosevelt signed 15 major pieces of legislation, several of which established massive new bureaucracies. During the 1920s there were 553,000 civilian employees of the federal government, but by 1940 the federal government had more than 1 million civilian employees. For the first time in American history, the federal government even tried to set prices for products under the National Recovery Act. The government also told farmers what to grow under the Agricultural Adjustment Act. Those laws were so blatantly unconstitutional that the US Supreme Court struck them down in 1935 and 1936.
Increased taxation. When money disappears government gets desperate and imposes more and taxes in an attempt to squeeze more money out of the economy. During the Depression, the maximum income tax rate was raised from 20 percent to 55 percent, gift taxes were increased from .75 percent to 33.5 percent, and new taxes were levied on automobiles, gasoline, telegrams, telephone calls and even checks. By 1934, the United States had the highest tax rates in the world. In 1935 taxes were raised again. Historian Murray Rothbard estimates that the effective tax rate in the United States increased from 16 percent to 29 percent during the Depression.
Why it Could Be Worse Today
If such an event were to occur in today’s world, it could be far worse than the Great Depression.
People were far more self-sufficient in the 1930s, as large numbers of families lived on farms and grew their own food. Even many Americans who lived in town maintained gardens and chicken coops. In those days people also hunted for meat, canned and preserved their own food and baked their own bread. People also sewed their own clothes and fixed their own cars, which gave them a high level of self-sufficiency.
Today, most Americans rely solely on supermarkets for food, and many families no longer even cook. Few people bother to sew, and most of us do not even change the oil in our cars. If our money were to disappear, we would be as helpless as children.
It’s time that we learn the lessons of the Americans who survived the Great Depression. That lesson was to be as self-sufficient as possible so you can survive, no matter what.
Do you believe that what happened during the Great Depression could take place again? Share your thoughts in the section below:
POSTED AUGUST 26, 2015
PETER SCHIFF WAS RIGHT IN 2007
The subject video covers what he has to say today. There are videos out there showing Schiff and a CNBC “expert” arguing about the coming collapse which took place in 2008. The expert ridiculed Schiff and even challenged him to bet on his prediction.
The future proved Schiff was absolutely correct and the paid mouthpieces of the mainstream media were all wrong. In 20+ minutes Schiff predicts the next round of economic downturns. Of course we hope he's wrong, but deep down, I fear he's right.
Bruce New World Order News
POSTED AUGUST 25, 2015
MORE PREPPERS ADVICE
I know. I've covered this a number of times, but now that the world's stock markets are collapsing, even the most die hard government apologist is realizing the end is near.
The subject article contains some good advice in preparing for severe economic times. The best part is, if nothing bad happens, you can still use most of the supplies. It's real cheap insurance.
Bruce New World Order News
It Is Time To Kick Prepping Into Overdrive, Because This Stock Market Crash Is Just The Beginning Submitted by IWB, on August 24th, 2015
By Michael Snyder If you have not been preparing for what is coming, you need to get off your sofa and you need to start prepping right now. Just remember what happened back in 2008. That crisis took most people totally by surprise. Millions of Americans lost their jobs, and because most of them were living paycheck to paycheck, all of a sudden most of them couldn’t pay the rent or the mortgage either. Large numbers of families that were once living a comfortable middle class lifestyle suddenly found themselves destitute. Well, this coming crisis is going to be even worse by the time it is all said and done, and it is not just going to be economic in nature. Over the past two trading days, the Dow has gone down more than a thousand points. The shaking that so many have warned about has begun. As this shaking plays out, you and your family will need cash, food, supplies and a whole bunch of other things. If you do not already have everything prepared, then you need to kick your prepping into overdrive because we are on a very compressed time frame now. But don’t just take my word for it. A top adviser to former British Prime Minister Gordon Brown named Damian McBride is saying the same thing… A former adviser to Gordon Brown has urged people to stock up on canned goods and bottled water as stock markets around the world slide. And he didn’t just speak in generalities. According to an article in one of the most important newspapers in the UK, McBride is urging his fellow citizens to do some very specific things… “Advice on the looming crash, No.1: get hard cash in a safe place now; don’t assume banks & cashpoints will be open, or bank cards will work,” he tweeted.“Crash advice No.2: do you have enough bottled water, tinned goods & other essentials at home to live a month indoors? If not, get shopping.“Crash advice No.3: agree a rally point with your loved ones in case transport and communication gets cut off; somewhere you can all head to.” All of that is great advice. But I wonder why he is so concerned about people being able to live a month indoors. Does he know something that the rest of us do not? Others are issuing similar ominous warnings. The following is an excerpt from a recent article by Chuck Baldwin that seemed to be written with an unusual sense of urgency… I suggest you have a supply of food and water to last at least three months. Many survival experts insist that a six-month supply is the minimum. Personally, I can live a long time on tuna fish or peanut butter. You can purchase MREs from a variety of sources, as well as camp-style packaged food from many sporting goods stores. Of course, bottled water is available everywhere during normal times. Stock up! Distilled water will store longer than spring water. Plus, I suggest you have some water purification tablets or a Katadyn water filter on hand. And, if you are able, prepare to grow your own food. In cold weather climates such as we have here in Montana, people quickly learn how to construct and utilize greenhouses in which to grow food. Canning food is another very helpful hedge against deprivation. If your parents and grandparents lived through the Great Depression as mine did, this was standard operating procedure.Get a generator. Keep a supply of fuel on hand. Stay stocked up on batteries, candles, portable lights, first aid supplies, and toiletries–especially toilet paper and toothpaste. I also suggest you never run out of lighters or matches. You never know when you’ll need to build a fire. If you live in a cold weather climate, you probably already have some sort of wood stove or fireplace. You can read the rest of that outstanding article right here. Similar sentiments were expressed in a recent piece by prepper extraordinaire Daisy Luther… Take your money out of the bank ASAP. If you still keep your money in the bank, go there and remove as much as you can while leaving in enough to pay your bills. Although it wasn’t a market collapse in Greece recently, the banks did close and limit ATM withdrawals. People went for quite some time without being able to access their money, but were able to have a sense of normalcy by transferring money online to pay bills or using their debit cards to make purchases. Get your cash out. You don’t want to be at the mercy of the banks. Stock up on supplies. Make sure you are prepped. If you’re behind on your preparedness efforts and need to do this quickly, you can orderbuckets of emergency food just to have some on hand. (Learn how to build an emergency food supply using freeze dried food HERE) Hit the grocery store or wholesale club and stock up there, too, on your way home. Load up on fuel. Fill up your gas tank and fill your extra cans also. Quite often, fuel prices skyrocket in the wake of a market crash. Be prepared for the potential of civil unrest. If the banks put a limit on withdrawals (or close like they did in Greece) you can look for some panic to occur. If the stores dramatically increase prices or close..more panic. Be armed and be prepared to stay safely at home. (Although this article was written during the Ferguson race riots, civil unrest follows a similar pattern regardless of the cause.) Be prepared for the possibility of being unable to pay your bills. If things really go downhill, the middle class and those who are the working poor will be the most strongly affected, as they have been in Greece during that country’s ongoing financial crisis. This article talks about surviving if you are unable to pay all of your bills. Every family is facing a different set of circumstances, so “prepping” is not going to look the same for everyone. What may make sense for you may not make sense for me. But the truth is that we all need to get prepared for what is coming, because time is running out. As I have discussed repeatedly, I have more of a sense of urgency about the last six months of 2015 than I have ever had about any other other specific period of time. That is why the book that I recently co-authored with survivalist expert Barbara Fix is entitled “Get Prepared NOW“. The word “NOW” is in larger print than everything else on the front cover because I really wanted to emphasize the urgency of what we are facing. If you think that you can wait until next year to start getting prepared, you are going to be too late. This stock market crash is just the beginning. Next month we are witnessing a convergence of events that is pretty much unprecedented. If you would like to learn more, here are some places to get started… -“The Big List Of 33 Things That Are Going To Happen In September 2015” -“The Russian Media Is Talking About What Is Coming In September, But The U.S. Media Has Been Strangely Silent” -“The Mystery Of September 23: Why Does 9/23 Keep Popping Up All Over the Place?” -“10 Things That Are Going To Happen Within 15 Days Of The End Of The Shemitah” The relative stability of the past few years has lulled millions of Americans into a state of complacency. And even our politicians are displaying a stunning level of complacency. For example, even though our nation is rapidly going down the toilet, Barack Obama has played more than 1,100 hours of golf while he has been in the White House. It is time for all of us to awaken from our slumber, because life in America is about to dramatically change.
POSTED AUGUST 24, 2015
SYRIA SHOOTS DOWN ISRAELI BOMBER & 2 HELICOPTERS
I have learned that when the world media is fixated in one area, there is another area they are trying to hide. This story may be just that. Over the past week, all of the world's media is focused on the slow crash now going on in the world's financial markets. Make no mistake, that is a big deal. This effects everyone. If you use money, you are affected. None-the-less there is the potential of a bigger story. Trends Research publisher, Gerald Celente says when economies crash, they take you to war.
Israel has been salivating to go to war against someone---anyone. They have theorized that Syria, having spent the past few years trying to rid their nation of foreign invaders, would be easy prey. This past week they have launched a limited attack on Syria. This may be a fatal mistake. No, I don't think Syria could defeat Israel in a war. I do think Syria can do serious damage to the Israeli air force with their state of the art, air defense. Syria has a modern air force of their own. They also have thousands of missiles which could be sent to Israel in minutes.
One does not have to make much of a leap to see other nations becoming involved very quickly. Israel may have massive firepower, but what they don't have is a lot of people and a lot of territory. Any war against a major power would very likely destroy Israel unless they use nuclear weapons offensively. And there you have it ----- a nuclear world war 3.
Bruce New World Order News
Syria Shoots Down Israeli Warplane F-16 Bomber, Using Russian S-300 Air Defense System By Ziad Fadel Global Research, August 23, 2015 Syrian Perspective Region: Middle East & North Africa Theme: US NATO War Agenda
GR Editor’s Note:
The shooting down of an Israeli warplane by Syria has not been reported by Western and Israeli media sources. According to Sputnik, on August 21, “the Israeli Air Force resumed airstrikes on Western Syria, targeting a government army base at Khan Al-Sheih in Damascus province and another in the al-Quneitra province after a six-hour halt in attacks that followed their multiple air raids over the Golan Heights.” Fars News Agency (FNA) also confirmed the Israeli attacks and the shooting down of an Israeli fighter plane The Syrian air defense system shot down an Israeli warplane violating the Arab country’s air space.The Israeli fighter jet was targeted over the city of Al-Quneitra on Friday.Israel regularly violates the Syrian airspace and it launches missile attacks against the Arab country.On Friday, the Israeli Air Force resumed airstrikes on Western Syria, targeting Brigade 68 Base in Khan Al-Sheih in Damascus province and Brigade 90 Base in the al-Quneitra province after a six hour halt in attacks that followed their multiple air raids over the Golan Heights. * * * Yesterday, Friday, August 21, 2015 in the early hours, Damascus time, an Israeli US made F-16 fighter-bomber, flew into Syrian airspace brazenly and fired at Brigade 68 and, then, turned and flew back toward Brigade 90 in Qunaytra in order to insure a safe landing in occupied Palestine if the aircraft was struck. It was struck. An SA-9 from the Iftiraas Air Defense Base and an SA-2 near the Khalkhaala AB were fired. But, the technical wizardry was most on display when an S-300 (SA-10 “Grumble) super-air-defense missile was fired from the Republican Guard base near the Mazza AB at the foot of Qaasiyoon Mountain west of Damascus. This was done so that the F-16’s electronic countermeasures would first fix on the SA-2 and SA-9 while the S-300 plowed forward to exterminate the vermin inside the Israeli aircraft. The S-300 vaporized the Israeli bomber. No evidence was seen of the pilot ejecting. Instead, eyewitness accounts described a ball of fire over the Golan and the remains scattering into the air over the Huleh Valley in Palestine. Also, the Israelis lost 2 helicopters while flying missions over the Golan Heights in an effort to bolster the sagging morale of the Takfiri rats of Nusra/Alqaeda and Al-Ittihaad Al-Islaami li-Ajnaad Al-Shaam. The 2 helicopters went down over the area near Qunaytra City and were reportedly shot down by shoulder fired, heat-seeking missiles deployed throughout the Syrian Army.
Syria’s Right to Self Defense
It had to happen, sooner or later. The seeming diffidence of the Syrian brass had to transform into a bolder and more pugnacious articulation of Syria’s right to self-defense. With Russia now inevitably bound to the Syrian government for reasons discussed at length on our website; and Iran, now dazzled by a new role to play in regional politics; the green light turned on, finally, with Moscow withdrawing all restrictions on the use of advanced weaponry sold to the Syrian military. If you want to know what the former Joint Chiefs of Staff Chairman, Martin Dempsey, meant when he told Congress Syria had a “robust air defense system”, the Zionists just found out for themselves.
Yesterday, there was despondence after Israel assaulted Qunaytra and killed civilians seated in a public vehicle. The Israelis also killed one Syrian soldier and wounded several others in the Brigade 68 base. apia: http://wikimapia.org/#lang=en&lat=33.080898&lon=36.612282&z=12&m=b But, the Syrian Army Chief of Staff, in consultation with the president and the Defense Minister, had no intention of letting this episode slide by especially in light of President Putin’s recent meeting with the Turkish ambassador in Moscow during which he flatly told the diplomat that relations with Turkey would be severed if Erdoghan did not stop supporting terrorism. It also came just after Sergei Lavrov called the Saudi foreign minister an “imbecile” just as the latter was renouncing any intention to treat with the Syrian government. There is a new belligerency in both Moscow and Teheran and it is being translated into action over Syria.
Ziad Fadel, Attorney for 35 years and Supreme Court Certified Interpreter for Arabic/English
POSTED AUGUST 21, 2015
Dow plunges over 500 points
Things are heating up in the economies around the world. In this case, “heating up” isn't good. Just this week the Dow has lost over 1000 points. That doesn't mean the crash is imminent, but it does add to the signals that have building for years. As I have said in the past, one day, maybe one day soon, it will all come undone.
So, nobody can claim they weren't warned. The warnings have been coming for years, said by thousands. If those warnings don't register, ask yourself this: with a real national debt of between 100 and 200 trillion dollars, how will it be paid? Let me answer. It can't be paid. When there is unpayable debt, there is bankruptcy.
Bruce New World Order News
Stocks battered in global market rout; Dow plunges over 500 points by Fortune Editors , Reuters August 21, 2015, 1:57 PM EDT Fears about China growth trigger biggest daily percentage drop in nearly four years. World stock markets fell sharply Friday, recording their worst week of the year, as more data pointed to slower growth in China and sent investors scurrying to the safety of bonds and gold. Emerging market assets took another hammering and oil prices saw their longest losing streak in almost 30 years after Chinese factory activity shrank at its fastest pace since the 2009 financial crisis. The Dow Jones industrial average was down 531 points at the close, or 3.1%, adding to a Thursday’s 358-point decline. Other indexes ended the day down sharply. The Dow is now off about 10% from a record closing high seen on May 19, placing it in correction territory, defined as a decline of at least 10% from a recent peak. The broader S&P 500 index suffered its biggest daily percentage drop in nearly four years. The Chinese factory data followed weaker-than-expected data in July, plus turbulent policy changes in the yuan and a brutal stock market plunge. The dollar fell broadly, dropping to a two-month low against the euro, as the Chinese data eroded expectations the Federal Reserve will raise U.S. interest rates next month. The low rates may be distorting valuations and creating asset bubbles. “The Fed is in an extremely awkward situation right now,” Robbert van Batenburg, director of flow strategy at Societe Generale. “You have across-the-board competitive currency devaluations that will invoke the deflationary monster here in the U.S.” Thomas Lee, managing partner at Fundstrat Global Advisors in New York, said it was hard to say what was behind the selloff. “There’s no shortage of things people can cite, from the movement in currencies, to the weakness in commodities and fears about China,” Lee said. “But at the end of the day if people are trying to take down risk, then it’s going to make sense for them to sell their exposure in equities as well.” Stocks in Europe fell more than 2% in a global rout spurred by a 4-% decline in Shanghai stocks. Major European indices were in correction territory, a decline of 10% or more from their peak. The pan-regional FTSEurofirst fell 3.4% to 1,427.13, its worst day since November 2011, as traders shrugged off euro zone manufacturing and services data in a third straight day of selling. MSCI’s emerging markets index was at its weakest in four years, off 2.17%, while the firm’s all-country world stock index fell 1.99%. Oil fell hard again. U.S. crude was at a more than 6-year low, on track for its eighth straight weekly decline, dropping below the psychologically-important barrier of $40 during the session. Oil’s run of weekly losses is its worst since 1986, when the Organization of the Petroleum Exporting Countries ramped up production and sent it as low as $10 a barrel. The Australian dollar, considered a liquid proxy for China demand, slid to $0.7285 at one point and was last trading at $0.7330, down 0.08%. “The perfect storm that has enveloped EM local markets looks set to continue,” Barclays analysts said in a note. Gold, seen as a good asset in difficult times, rose to its highest level in more than a month. Gold was up 0.55% at $1,159.60 an ounce. Yields on safe-haven U.S. Treasuries slipped further, with the benchmark 10-year note rising 12/32 in price, pushing its yield down to 2.0417%. Lower Treasury yields and the stronger euro weighed on the dollar. The greenback traded at 121.97 yen, the lowest in more than five weeks. Against the euro, the dollar fell 1.1% to $1.1364.
POSTED AUGUST 20, 2015
WALKER TAKES MONEY FROM SCHOOLS; GIVES TO ARENA
These people are amazing. Today, I'm writing about Wisconsin Governor Scott Walker. Having been raised in Wisconsin with family still living there, I hear a lot of stories about his would be President.
A couple of years ago, Walker pushed through a wage cut for State employees. He has gutted the unions. He wants to eliminate the minimum wage. Now, with cuts of 250 million dollars in the State education budget, Walker has the funds to build a new arena for the Milwaukee Bucks. Yes, billionaire owners, employing millionaire athletes can cash in with money from the working people and school children. Meanwhile, Walker flies around in a private plane and riding in the back of a limousine while running for President. “Let them eat cake”.
Bruce New World Order News
Presidential Candidate Scott Walker Cut $250 Million from Wisconsin Education Budget—Used it Instead to Fund Stadium for Milwaukee Bucks Tuesday, August 18, 2015
Wisconsin Governor Scott Walker, seeking the Republican nomination for president, is receiving some criticism for his decision to support a new basketball arena after cutting funds for the state’s university system. It turns out both decisions had the same price tag, at least on the surface: $250 million. Walker approved a state budget that slashed a quarter of a billion dollars from the University of Wisconsin, then followed that up by signing a bill that calls for taxpayers to pay for half the $500-million cost of a new arena for the Milwaukee Bucks. The action was taken under threat from NBA officials that, if it wasn’t done, they would relocate the team to Seattle or Las Vegas. The New York Times’ Michael Powell characterized it as a classic “arena-shakedown…right out of the professional sports owner handbook.” He called its timing “inauspicious.” “It is difficult to think of a clearer illustration of a politician’s comically misplaced priorities,” Jordan Weissman wrote at Slate. Although the state is supposed to pay $250 million for the arena, once interest on the bonds is factored in, taxpayers will end up paying closer to $400 million, noted Weissman. Democratic Milwaukee County executive Chris Abele, who worked with Walker and his staff to structure the deal, confessed that he nonetheless opposed it. “If Congress considered a law that would prevent any public financing for sports stadiums, I would support that,” he told the Times. Walker’s cutting of a quarter of a billion dollars from the school system came as he signed the new state budget just 24 hours before announcing his presidential candidacy. The education cut was Walker’s “most damaging and telling attack on the public sector,” according to Bob Peterson, former president of the Milwaukee Teachers’ Education Association. In addition to the cut, “tenure is no longer protected by state law but instead will be determined by the University’s Board of Regents, most of whom are gubernatorial appointees,” he wrote. “K-12 public schools were particularly decimated. Shortly before the budget’s signing, Wisconsin State Superintendent of Schools Tony Evers publicly requested that Walker veto more than 20 education measures that would undermine the state’s public schools. Walker refused.” A conservative Republican seen as a serious contender for the White House by GOP figures, Walker agreed to the stadium deal despite criticism from fiscal hawks opposed to the idea. The deal also helps the Bucks’ owners, Wesley Edens and Marc Lasry, who “are big donors to the Democratic Party,” according to Powell. “Lasry has bundled tens of thousands of dollars for Hillary Clinton’s presidential campaign, and his hedge fund once employed her daughter, Chelsea,” Powell wrote. The stadium financing could prove especially hard for residents of Milwaukee County, which will have to pay $4 million a year for 20 years on the bonds. “If the county fails to come up with its payments, the state could deduct the money from annual aid to the county,” Powell said. Some state lawmakers, like Assemblyman Jonathan Brostoff, opposed the stadium plan. “We are building an arena for two of the richest people in the U.S.A. and they are just asking for more,” Brostoff told the Times. “If aliens came down and looked at this, they’d say, ‘What the hell are you doing?’ ” POSTED AUGUST 19, 2015 GERALD CELENTE: COLLAPSE BY YEAR'S END I know I covered this yesterday, but I had include the video from Gerald Celente. As most of you know, Gerald is the publisher of the Trends Journal. Over the past 30 years, or so, Mr. Celente has an uncanny ability to predict future trends on the basis of current events.
Of course he says, he could be off on the timing. A world wide economic collapse has never happened, so it's hard to time it, but I think most independent observers know it's coming. Personally, it wouldn't break my heart if it didn't come for many years. Probably just wishful thinking.
Bruce New World Order News https://www.youtube.com/watch?v=pAE-R9IdfMI 33:19
POSTED AUGUST 18, 2015 COLLAPSE IN SEPTEMBER? The signs are pouring in from around the world. The subject article shows 23 nations that are already experiencing stock market collapses. On top of that, nation after nation reports drastic reductions in production and exports.
So how long? Many economists are saying this September. Others say we may make it to December. I don't know. It's kind of like looking at a terminally ill person and predicting the exact time he dies. And make no mistake, this nation is terminally ill, but I, like most others, continue to make plans for next week, next month and next year. I also know, that one day soon these plans will all go up in a puff of smoke.
If you are one who has made no preparations for a collapsed society to date, I doubt that anything published here will make you change, but maybe? Maybe a few of you will start. Maybe a few of you will store food, get weapons and ammunition, water filtration, medical supplies and a place to get out of potential chaos. ------maybe----
Bruce New World Order News Bad Moon rising: Americans bracing for September shocker Robert Bridge, originally from Pittsburgh, Pennsylvania, has worked as an investigative journalist in Russia since 1998. His articles have been featured in many publications, including Russia in Global Affairs, The Drudge Report, Russia Insider and Infowars.com. Bridge is the author of the book “Midnight in the American Empire”, which was released in early 2013. Published time: 16 Aug, 2015 11:09Edited time: 17 Aug, 2015 09:32 Get short URL © Brendan McDermid / Reuters Across the vast expanse of the internet, everyone from professional economists to armchair theorists are sounding the alarm that next month may hold some ugly surprises for the global economy. Despite exorbitant executive salaries, record earnings on Wall Street and a surging dollar, an increasing number of forecasters are warning the feel-good data is severely skewered - a bit like a new coat of paint that used-car dealerships use to conceal the fact that a car's engine is shot. Indeed, many experts are giving the rickety US-made jalopy just months before the big collapse begins. Gerald Celente, the founder of Trends Research, who predicted the “panic of 2008,” says the economic earthquake will send reverberations around the world.
“You’re going to see a global stock market crash,” Celente told King World News. “There’s going to be panic on the streets from Wall Street to Shanghai, to the UK down to Brazil.”
“You’re going to see one market after another begin to collapse.”
Doug Casey, a successful investor and the head of Casey Research, saw little to be upbeat about in the current economic climate. "With these stupid governments printing trillions and trillions of new currency units," Casey, describing the US Federal Reserve’s quantitative easing program, told Reason magazine in a recent interview, “it's building up to a catastrophe of historic proportions." © Brendan McDermid / Reuters And he certainly does not advise keeping much money in any financial institution. "Most of the banks in the world are bankrupt," he said. In a recent conversation between senior analyst Larry Edelson and Mike Burnick, the Research Director for Weiss Research, Edelson made a stunning prediction, even providing an exact date
for what he predicts will be a “rollercoaster ride through hell.”
“On October 7, 2015, the first economic super cycle since 1929 will trigger a global financial crisis of epic proportions. It will bring Europe, Japan and the United States to their knees, sending nearly one billion human beings on a roller-coaster ride through hell for the next five years. A ride like no generation has ever seen. I am 100 percent confident it will hit within the next few months.”
And there are dozens of other such apocalyptic predictions on the health of the global economy that it leaves one feeling dizzy and desperate - something like watching an approaching tidal wave in the full knowledge there is no hope of outrunning it. Meanwhile, confidence in the US economy among Americans dropped sharply in July to its lowest level in 2015, according to a new US Economic Confidence Index rating released by Gallup earlier this month. Perhaps the non-stop onslaught of super-negative news – everything from the Greek tragedy to the Chinese currency devaluation – has got Americans convinced the global economy has entered dangerous waters. Indeed, scratch the shiny surface of the US economy and the wear and rust is immediately apparent. Jeff Berwick, Canadian entrepreneur and editor of The Dollar Vigilante, recently told Gordon T. Long in an interview
: “There’s enough going on in September to have me incredibly curious and concerned about what’s going to happen.”
- Jade Helm 15, an ultra-secret (i.e. no media presence permitted) US military exercise spanning seven Southwestern states is expected to end of September 15; five closed WalMart stores, ostensibly for plumbing work, in the vicinity of the exercises has raised fears that the sprawling facilities will be able to double as some sort of detention centers following the collapse; - Pope Francis is scheduled to address the 70th annual UN General Assembly in New York on September 25; will the Bishop of Rome be in town to offer a divine blessing to Wall Street, which may require a real miracle to escape the fallout from the next downturn? - Last but not least, the US Federal Reserve will hold its Federal Open Market Committee (FOMC) on September 16-17, where it is anticipated that Fed chair Janet Yellen will announce an interest rate hike, the first in years, which experts say could possibly trigger economic panic. Indeed, the hysteria over next month has reached such a fever pitch that even seasoned experts are cracking open their dusty Bible for signposts. The seventh year of the Biblical agricultural cycle - as set down in the Torah – just happens to fall on September 15, 2015. This is a real millennial event, with a so-called tetrad of blood moons (four consecutive lunar eclipses) all falling on Judaic religious days. For those who track such astrological occurrences, a number of major events have occurred at the end of the “7-year business cycle,” as it is now commonly known. In 2008, for example, the world suffered its worst financial crisis in decades, while in September 2001 the United States experienced the worst-ever terror attack on its territory, as well as a massive sell-off on Wall Street when markets reopened on Sept. 17. Whatever the case may be, Americans – increasingly wary of the weak underbelly of their economy - are gearing up for fireworks in September. But even if nothing happens, all that prepping and stockpiling – much like in the runup to the overhyped Y2K non-event - will certainly boost economic performance across the board.
At this point, the US economy can use all the help it can get - even if it comes courtesy of a possible conspiracy theory. @Robert_Bridge Posted below is a list that I put together of 23 nations around the world where stock market crashes are already happening. To see the stock market chart for each country, just click the link… 1. Malaysia 2. Brazil 3. Egypt 4. China 5. Indonesia 6. South Korea 7. Turkey 8. Chile 9. Colombia 10. Peru 11. Bulgaria 12. Greece 13. Poland 14. Serbia 15. Slovenia 16. Ukraine 17. Ghana 18. Kenya 19. Morocco 20. Nigeria 21. Singapore 22. Taiwan 23. Thailand
POSTED AUGUST 17, 2015 TRUMP: AUTISM CAUSED BY VACCINES Of course those who read these posts know, many scientists and researchers have been screaming this for years, but our government masters and the media whores have been united in ridiculing those who hold this view ----- until now.
Now don't get the impression that I am supporting Donald Trump for President, but I do like the fact that a candidate for President actually speaks his mind. On this subject Trump is speaking the truth, although he still supports the philosophy of multiple vaccines, he has at least acknowledged the probability that the pharmaceutical industry, with the active participation of our government masters, is committing a holocaust to our children.
Isn't it sad that we, the people, have to settle for just a few crumbs from the table of our candidates for public office? Wouldn't be nice if all candidates spoke the truth and did what they promised? Oh, well, we can dream.
Bruce New World Order News https://www.youtube.com/watch?v=G23Y8R-KcKA
POSTED AUGUST 11, 2015 TARGET COMMITS PC SUICIDE If you can read the subject article quoting Target spokespeople with out laughing, you are more controlled than I. In their announcement, Target brags about removing all references to gender in their stores. No more boys or girls or ladies or men. No, everything will be “vanilla”.
You would think that after the plunge in sales reported last year, and continuing this year, Target would be smarter. Haven't they lost enough money? Apparently not. Also, the statement, “We heard you, and we agree," is ludicrous. They did no such thing. 99% of the American people are fed up with this PC crap.
So, bye bye Target. It was nice knowing you. If you insist on going down this suicidal path, you will soon join other, once great, retail outlets in bankruptcy. The chat rooms are white hot with potential customers vowing never to shop Target again, but I guess those are not the people you “hear”.
Bruce New World Order News Target Ditches Gender Labels on Toys, Home and Entertainment by Kathryn Robinson
Target to customers: Our toy aisle is now gender-neutral 3:14 Target is ditching boys' and girls' labels on toys after the store says customers were raising concerns about unnecessary gender-based signs. In an statement posted to their website on Friday, Target announced they were moving away from gendered signs in stores. "Over the past year, guests have raised important questions about a handful of signs in our stores that offer suggestions based on gender," the posting read. Molly Snyder, a spokeswoman for Target, told NBC News the ways that people shop are continually evolving and changing. "We tried to look at what makes sense and what doesn't," Snyder said. For apparel, the signs will stay. But in departments including Toys, Home and Entertainment, Target says suggesting products by gender is "unnecessary."
"We heard you, and we agree," the statement said. "Right now, our teams are working across the store to identify areas where we can phase out gender-based signage to help strike a better balance." The store said they will also remove references to gender by no longer including the use of pink, blue, yellow or green paper on the back walls of shelves. Changes will start to be seen in stores over the next few months, the company announced.
POSTED AUGUST 10, 2015
TRUMP: MEDIA WHORES & GOV'T MASTERS STILL DON'T GET IT
Over the past 50 years we have watched our nation degenerate into a pseudo democracy controlled by big money and big government. Today, Congress has 9% approval rating. Turned off voters outnumber those who still bother. Nafta, Gatt, the WTO, the wars, TPP, and on and on and on are largely unpopular, and yet, their Congressional approval sails through.
The there was 911. Their story is not only ridiculous, it's impossible. No matter. Now we get the Patriot Act, Homeland Security Act and the Military Commissions Act. We also get groped at the airport, searched on the highways and spied on by the NSA.
Here's a heads up for those who rule us and their pet Yorkies in the media --- it's not Trump. It's YOU! The average American, regardless of their political persuasion, is fed up with all of you. Trump says some things we all feel. He may make a terrible President, but at least he isn't one of you. Put “None of the Above” on the ballot and that would get the most votes. Here's another suggestion for those who rule over us and their pet Yorkies. Go away. Just leave. Get on your private jets and fly to some other place and don't come back. The people don't want you. That's the message. Those who have ignored these signs in other nations in the past have generally lived to regret it.
Bruce New World Order News
The Assault On Donald Trump Shows That Our 2 Party System Is Really A 1 Party System Submitted by IWB, on August 10th, 2015
By Michael Snyder Were you sickened by the Republican debate the other night? The hype leading up to the debate was unbelievable. Never before had there been so much interest in a debate this early in an election season, and it turned out to be the most watched program on Fox News ever. A record-shattering 24 million Americans tuned in, and what they witnessed was an expertly orchestrated assault on Donald Trump. From the very first moments, every question that was launched at Trump was an “attack question”. And then the laughable “focus group” that followed was specifically designed to show that “ordinary people” were “changing their minds” about Trump. By the end of the evening, it was abundantly clear that Fox News had purposely intended to try to destroy Trump’s candidacy. And of course Fox News is far from alone. Every mainstream news outlet in the entire country is running anti-Trump news stories every single day. Virtually every other presidential candidate in both parties is attacking him, and virtually every “political expert” from across the political spectrum is trashing his chances of success. So why is this happening? Normally, candidates that are not part of the “establishment” do not pose much of a threat. In order to win elections in this country, especially on a national level, you need name recognition and you need lots and lots of money. Donald Trump has both, and no matter what you may think of him you have to admit that he has star power. And he was never supposed to run for president. You see, the truth is that only members of “the club” are allowed to play. The elite very carefully groom their candidates, and they are usually able to maintain a very tight grip on both major political parties. This two-headed abomination that we call a “two party system” is in reality just a one party system. Yes, many Democrats and many Republicans really do hate one another, but at the end of the day there is very little difference between the two parties. That is why nothing ever really seems to change no matter who gets elected. George W. Bush continued almost all of Bill Clinton’s policies, and Barack Obama has continued almost all of George W. Bush’s policies. When they are running for office, they tell us what they think we want to hear, but once they get to D.C. they do exactly what the establishment wants them to do. Donald Trump, whether you love him or you hate him, is a threat to this system. He is not controlled by the elite, and he does and says all sorts of things that drive the elite absolutely nuts. If he was polling below 5 percent that wouldn’t be a problem. At first, the mainstream media attempted to portray him as a joke that would never get any real support. But since then, Trump has proven that he is a serious candidate with some very serious ideas about how to fix this country. Now that he is receiving far, far more support than the establishment choice (Jeb Bush), he must be destroyed. I can promise you right now that the Republican establishment will pull out every dirty trick in the book to keep Donald Trump from getting the Republican nomination. And if Donald Trump runs as an independent, the elite will move heaven and earth to keep him out of the White House. This isn’t even just about Trump. If Ben Carson starts getting too much support, he will be destroyed too. This is how presidential elections in America work. What we witnessed during the Fox News debate the other night was not an accident. The goal was to make Jeb Bush look good and to make Donald Trump look bad. The following comes from Mike Adams… But the one thing that really stood out was the total fraud of what Fox News pulled off. It was clear from the first five minutes that Fox News had pre-arranged softball questions for Jeb Bush to highlight his “heroic actions” and accomplishments. Meanwhile, the kinds of questions directed to Donald Trump were all thinly veiled accusations and insults, designed to attack Trump on issues that had nothing to do with running the country.The typical questions went something like this: (paraphrased)Fox News: “Jeb Bush, how did you get to be such an amazing leader?”Fox News: “Donald Trump, why do you hate women?”As if a debate with totally contrived questions wasn’t enough, Fox News also had a pre-arranged assembly of apparently “ordinary citizens” who were asked, after the debate, how many of them now hated Donald Trump. And even when “the debate” was over, the assault continued. If you have not seen the disgraceful “focus group interview” which Frank Luntz orchestrated, you can check it out below… I just about fell out of my chair when I saw that. Virtually everyone in the “focus group” that Frank Luntz put together supposedly had a positive view of Donald Trump before the debate, and then almost every single one of them supposedly become Trump haters during the course of the two hour debate. I am sure that they were hoping that everybody in the viewing public would “come to their senses” and become Jeb Bush supporters. But of course post-debate polling shows that is not happening at all. The Drudge Report conducted a flash poll immediately following the debate, and a whopping 44.67 percent of those that responded said that Trump won the debate. Ted Cruz was in second place with 14.31 percent. Jeb Bush got a measly 2.07 percent. A Newsmax survey came up with similar results… Donald Trump: 38 percent Ted Cruz: 15.5 percent Neurosurgeon Dr. Ben Carson: 10.2 percent Florida Sen. Marco Rubio: 9.7 percent Kentucky Sen. Rand Paul: 9.3 percent Ohio Gov. John Kasich: 4.9 percent Wisconsin Gov. Scott Walker: 4.5 percent Former Arkansas Gov. Mike Huckabee: 3.5 percent Former Florida Gov. Jeb Bush: 2.5 percent New Jersey Gov. Chris Christie: 1.4 percent And a survey conducted by Time Magazine also produced similar findings. Donald Trump got 47 percent, Ben Carson was in second place with 11 percent, and Jeb Bush got 4 percent. But Donald Trump is not going to be the Republican nominee. Unless something goes horribly, horribly wrong for the Republican establishment, Jeb Bush is going to be the nominee. We have a system that is deeply, deeply broken and that does not reflect the will of the people. This was illustrated by one of the questions that Trump was asked during the debate…
BAIER: Mr. Trump, it’s not just your past support for single-payer health care. You’ve also supported a host of other liberal policies….You’ve also donated to several Democratic candidates, Hillary Clinton included, and Nancy Pelosi. You explained away those donations saying you did that to get business-related favors. And you said recently, quote, “When you give, they do whatever the hell you want them to do.”
TRUMP: You’d better believe it.
BAIER: — they do? TRUMP: If I ask them, if I need them, you know, most of the people on this stage I’ve given to, just so you understand, a lot of money.
TRUMP: I will tell you that our system is broken. I gave to many people, before this, before two months ago, I was a businessman. I give to everybody. When they call, I give. And do you know what? When I need something from them two years later, three years later, I call them, they are there for me. And that’s a broken system.
The really amazing thing is that nobody up on that stage disputed that what Trump was saying was true. It is very well understood by our politicians that when they get big checks from the elite for their campaigns that certain things are expected from them in return. Our government does not reflect the will of the people and it hasn’t for a very long time. Instead, it reflects the will of the elite, and the American people are getting sick and tired of it. Right now, surveys show that Donald Trump has far more support than any other Republican candidate. But he is not going to be the Republican nominee. The Republican establishment will make sure of that. There is still the possibility that Trump could run as an independent. That would be an extremely tough road, but on Sunday he sounded very open to the possibility… The political hurricane that is Donald Trump didn’t recede over the weekend, even in the face of a rising tide of criticism from Republican rivals about his attack on Fox News anchor Megyn Kelly.
Instead, the celebrity billionaire insisted in a string of interviews on Sunday TV shows that he had done nothing wrong, that “only a deviant” would interpret his words in an offensive way, and that he is leaving open the possibility of running an independent campaign for the White House if the GOP doesn’t treat him “fairly.”
“I do have leverage and I like having leverage,” Trump declared on CBS’ Face the Nation on a morning that also included interviews with ABC’s This Week, CNN’s State of the Union and NBC’s Meet the Press. This is a scenario that I discussed in my previous article entitled “Republican Operatives Plot To Sabotage Trump – But That Could Turn Him Into Their Worst Nightmare“. Personally, I believe that Donald Trump will decide to run as an independent when it becomes clear to him that the Republican establishment is going to prevent him from winning the nomination at all costs. But I could be wrong.
POSTED AUGUST 7, 2015
CHINESE ANTI-SHIP MISSILE 7000 MPH
No, not 700 MPH, 7000 MPH. I have, in the past, speculated about the philosophy of the U.S. Military regarding the approach to a possible World War III. Judging from the approach in Vietnam, Iraq, Afghanistan and all the others, the military is convinced that a large navy is the key to successful operations. It has been said that the military wants to fight the next war with the weapons of the past.
It is true that ever since the Korean war our air force and navy has been largely unopposed. It is also true that every conflict the U.S. Has pursued has been against 3rd world nations. Most of the offensive attacks from the air originate from air craft carriers --- and that's the flaw. According to sources, the top speed of an air craft carrier is 56 MPH, and of course that is on the straight away and not into turns. Should the U.S. enter against a first world nation, the results could be radically different.
Here comes the Chinese anti-ship missile, DF-21D Dong Feng. It goes up to 7000 mph with a range of 1200 miles. The Russians also have state of the art anti-ship missiles. Even Iran has some. The subject article mentions this, but then focuses on the U.S. Developing a missile like this, not on developing a defense from this missile. Using today's technology, it is hard to imagine the U.S. fleet surviving very long in a conflict. The missiles and torpedoes are way too fast and way too accurate and way too prolific. It does no good for the U.S. to sink the few ships the Chinese have only to see most of the U.S. air and sea power neutralized by them. Then what, nuclear war?
Bruce New World Order News Pentagon Outranged by Chinese Anti-Ship Missiles, Scrambles to Save Face © Flickr/ Stuart Rankin Military & Intelligence 22:25 06.08.2015(updated 04:28 07.08.2015) Get short URL 1710754464 Desperate to compete with China’s long-range anti-ship missiles, the US Navy is considering one of two options: forge ahead with the expensive, but state-of-the-art LRASM, or upgrade the Cold War-era Tomahawk, a missile never intended for naval warfare. Beijing unveiled its DF-21D Dong Feng "carrier killer" missile in 2014. Rumored to be capable of traveling at Mach 10 – or ten times the speed of sound – with an effective range of 1,200 miles, the Navy has expressed concern that the weapon could pose a major threat to US aircraft carriers in the event of conflict. On Wednesday, US Deputy Chief of Naval Operations Joseph Aucoin outlined the Pentagon’s plan for how best to counter the Dong Feng. © Lockheed Martin DARPA's Anti-Ship Missile Still Less Deadly Than Chinese ‘Carrier Killer’ One option is the Tomahawk missile. Introduced in the 1970s, that weapon is now produced by US defense contracting firm Raytheon. While it has proven remarkably reliable during its nearly 40 years of service, much of the Tomahawk’s success is based on stationary, land-based targets. Except for a single model now out of service, the Tomahawk is not designed for mobile, floating targets, and would have to receive a significant upgrade before they could be any match against the Chinese Navy. The other option is Lockheed Martin’s Long Range Anti-Ship Missile (LRASM), which the Pentagon’s research arm DARPA called "a leap ahead in US surface warfare capability." The LRASM boasts the capability of operating either independently or with remote guidance, and can survive GPS jamming. To decide between the two, Aucoin told reporters at the Center for Strategic and International Studies that he wants "a competition to get the best munition." "What I would like to see happen is take those capabilities that we need and start inserting those into a Block IV [Tomahawk], and [compare that] to what we have with LRASM Increment 1, and have those two compete for the next-generation strike weapon," Aucoin said, according to Breaking Defense. © AP Photo/ Bullit Marquez US Successfully Tests Anti-Ballistic Missile System in Pacific Even if the Tomahawk turns out to be the better long-term option, Aucoin said the Navy would still purchase LRASMs to fill the “urgent operational need” in the short-term. It could be a neck-and-neck race. Tomahawks are relatively cheap, compared to the approximate $2 million price tag for each LRASM. Tomahawks also have a longer range and feature a larger payload. But the LRASMs are durable, and that could prove much more effective against the Chinese Navy. While Tomahawks may work well against low-tech adversaries like the self-proclaimed Islamic State terrorist group, they could be easily shot out of the sky by more sophisticated defense systems. That means, accounting for loss, more Tomahawks would be needed to do the job that could be accomplished by a single LRASM. Even if LRASM and Tomahawk are the main competitors, there are, of course, a couple of other options being considered by the US Navy. "Another option in the mix is [Norwegian firm] Kongsberg’s Naval Strike Missile, which as about the same range and coast as LRASM, but is already in production," Bryan Clark, former top aide to the Chief of Naval Operations, said, according to Breaking Defense. © REUTERS/ US Navy Crying Wolf in South China Sea: US Beating Drums Over Chinese 'Threat' There is also the possible the Pentagon could modify the SM-6 Standard Missile anti-missile defense system to take on offensive capabilities. Still, those cost roughly twice as much as a LRASM, and would only serve as more of a backup in a combat situation. Whatever the US Navy decides, LRASM isn’t expected to be deployed for another three years. If that’s the immediate, short-term option, no wonder the US is so nervous about the Dong Feng