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IN THE NEWS | 9 July 2017

One World of Nations
9 July 2017

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OWON: This is probably a fair overview of Trump's G20.

President Donald Trump skewered as ‘friendless’ and ‘awkward’ in viral take-down

THE ABC journalist whose savage take-down of Donald Trump’s G20 performance went viral has doubled down on his scathing assessment.

Political editor Chris Uhlmann pulled no punches when he delivered his wrap-up of Trump’s appearance at the conference on Sunday, calling him an “uneasy, lonely, awkward figure” who was left “isolated and friendless” with “no desire and no capacity to lead the world”.

But even after the brutal commentary was shared thousands of times across the world and caught the attention of Washington heavyweights, Uhlmann was not deterred to further critique the President’s performance.

In a cross to ABC radio’s AM program on Monday morning, the reporter again railed against Mr Trump’s leadership style while discussing his lack of commitment to addressing the situation in North Korea at the weekend’s summit.

“What the expectation was on North Korea was the United States would say well, OK, here’s an issue that we want to make something of. They are the biggest gorilla, still, in the room,” Uhlmann said.

“The problem was the call never came, which I think, is indicative of the fact this President of the United States doesn’t grasp the opportunity to lead when that opportunity it presented to him.”...


OWON: As China will need to expand out to feed its masses, only Russia and Australia can provide those assets.

The real question is whether Eurasia means the severing of parts of Russia and other countries for Chinese ambitions. Much liked what Africa has come to know.

Over the next 30-40 years it may not all be roses.

Chinese in the Russian Far East: a geopolitical time bomb?

Joint investment between Moscow and Beijing may be a win-win on paper but, as experience in the Russian Far East shows, it can also fuel resentment regarding China’s presence.

Recent meetings between Beijing and Moscow – at the Belt and Road Forum last month and at a two-day summit last week in Russia – are the latest in a string of efforts to strengthen Sino-Russian ties, especially along the border. However, like many nations, Russia has found that working with China can be a double-edged sword.

Sino-Russian relations are “at their best time in history”, Chinese President Xi Jinping told Russian media attending the summit – words that were backed up with the announcement of a US$10 billion fund for cross-border infrastructure projects.

But for all the fanfare surrounding the fund, Chinese investment in the region is helping to fuel tension, raising fears of China’s growing presence in the Russian Far East. A side effect of Beijing’s investment – an influx of Chinese migrants – is often perceived by locals as an expression of China’s de facto territorial expansion. Some Russian political groups and media outlets have tapped into this anxiety and deliberately sensationalised it. An apocalyptic film China – a Deadly Friend (in the series “Russia Deceived”) became an instant internet hit after its release in 2015. In the film, we are told China is preparing to invade the RFE in its quest for global dominance and that Chinese tanks could reach the centre of the city of Khabarovsk within 30 minutes. Just 30km from the Chinese border, Khabarovsk is the second largest city in the RFE after Vladivostok and the region’s administrative centre.

The fear-mongering notwithstanding, the scale of migration is actually not that large. According to Russia’s census of 2010, the number of Chinese residing in the country was just 29,000, down from 35,000 in 2002 – no more than 0.5 per cent of the total population of the RFE.

Other estimates, however, put the number of Chinese in Russia at 300,000 to 500,000...


OWON: How many lied, how many died?

A modern day war criminal.

Who stands for the dead or maimed?

Two years before 9/11, candidate Bush was already talking privately about attacking Iraq, according to his former ghost writer

Two years before the September 11 attacks, presidential candidate George W. Bush was already talking privately about the political benefits of attacking Iraq, according to his former ghost writer, who held many conversations with then-Texas Governor Bush in preparation for a planned autobiography.

“He was thinking about invading Iraq in 1999,” said author and journalist Mickey Herskowitz. “It was on his mind. He said to me: ‘One of the keys to being seen as a great leader is to be seen as a commander-in-chief.’ And he said, ‘My father had all this political capital built up when he drove the Iraqis out of Kuwait and he wasted it.’ He said, ‘If I have a chance to invade…if I had that much capital, I’m not going to waste it. I’m going to get everything passed that I want to get passed and I’m going to have a successful presidency.” Herskowitz said that Bush expressed frustration at a lifetime as an underachiever in the shadow of an accomplished father. In aggressive military action, he saw the opportunity to emerge from his father’s shadow. The moment, Herskowitz said, came in the wake of the September 11 attacks. “Suddenly, he’s at 91 percent in the polls, and he’d barely crawled out of the bunker.”

That President Bush and his advisers had Iraq on their minds long before weapons inspectors had finished their work – and long before alleged Iraqi ties with terrorists became a central rationale for war – has been raised elsewhere, including in a book based on recollections of former Treasury Secretary Paul O’Neill. However, Herskowitz was in a unique position to hear Bush’s unguarded and unfiltered views on Iraq, war and other matters – well before he became president.

In 1999, Herskowitz struck a deal with the campaign of George W. Bush about a ghost-written autobiography, which was ultimately titled A Charge to Keep : My Journey to the White House, and he and Bush signed a contract in which the two would split the proceeds. The publisher was William Morrow. Herskowitz was given unimpeded access to Bush, and the two met approximately 20 times so Bush could share his thoughts. Herskowitz began working on the book in May, 1999, and says that within two months he had completed and submitted some 10 chapters, with a remaining 4-6 chapters still on his computer. Herskowitz was replaced as Bush’s ghostwriter after Bush’s handlers concluded that the candidate’s views and life experiences were not being cast in a sufficiently positive light...


OWON: No one pulls the plug faster than Bankers. If this hits, it comes fast South to the USA. That long overdue market correction and recession.

Will we be ready, and what will people do with purchases that are worth less than what they paid?

Be ready, and be afraid.

Canadians brace for a "Perfect Storm" brewing in housing market

We've spent a fair amount of time discussing Canada's housing market over the past several months as Chinese money laundering operations have sprouted up bubbles all over the place. Here's a modest sampling of our recent work:

But, as the Globe and Mail notes today, there could very well be a "perfect storm" brewing in several Canadian housing markets as the result of extreme pricing bubbles, over-indebted consumers, a major tightening of mortgage rules and the prospect of rising rates.

On the regulatory front, Canada's Office of the Superintendent of Financial Institutions (OSFI), is considering new rules that would require lenders to effectively "stress-test" borrowers to confirm they would be in compliance with credit metrics even if rates were to rise 200 bps. From a practical standpoint, such a move would immediately remove roughly 20% of the average Canadian's home buying power.

Canada’s banking regulator (OSFI) is proposing that anyone who gets a mortgage at a bank or bank-funded lender prove they can afford a rate that is at least 200-basis-points higher than their actual rate.

A similar debt-ratio “stress test” is already in place for folks getting a default insured mortgage, as well as most variable-rate and short-term borrowers.

If OSFI’s change goes through as planned, otherwise credit-worthy borrowers would qualify for roughly 18 per cent less mortgage, other things equal. This one change would have more of an impact to mortgage shoppers than any Bank of Canada rate hike in history.

Of course, with mortgage rates at multi-decade lows, they likely only have one direction to go. Moreover, as rates rise, it will only serve to amplify the impacts of the proposed OSFI regulations noted above...


OWON: This is the price nations are paying because of American wars destroying nations for gain.

Police remove 2,000 refugees and migrants sleeping rough in Paris

Afghans, Eritreans and others living on streets near new aid centre in Porte de la Chapelle bussed to temporary shelters.

Police have moved more than 2,000 refugees and migrants off the streets of Paris, where they had been sleeping rough for weeks in squalid and insanitary conditions.

Riot officers watched the refugees as they were bussed to temporary shelters in school gymnasiums on Friday morning.

Hundreds of refugees and migrants had arrived in the Porte de la Chapelle area of northern Paris, sleeping under road bridges and on the side of the road with almost no access to water, sanitation and food, outside Paris’s new aid centre for asylum seekers that was opened in November.

The operation to move them began at dawn and took place calmly. Groups of men and women from countries including Afghanistan and Eritrea – some only with small rucksacks or plastic bags of belongings – were sent on to buses and driven out of Paris...


OWON: Wake up the crashing West.

If and when Italy goes the EU will be finished. This will be accelerated by the human migrant trade run by human smugglers which will leave Italy to face alone the burden as other EU nations close their borders.

Italy openly discusses Euro exit in parliament: debt restructuring or "Italeave" on the way?

In Europe, where it is essentially taboo to publicly discuss anything deemed politically incorrect, some interesting conversations are taking place in the Italian parliament regarding the future of Italy in the eurozone.

Via email, Eurointelligence asks Is Italy heading for debt restructuring or euro exit?

We are reporting from an important conference in Rome yesterday that has caught the Italian news headlines this morning – on the future of Italian public debt. It was organized by the Five Star Movement, held in the Italian chamber of deputies, and openly discussed issues such default mechanism inside the eurozone, sovereign debt restructuring mechanisms, parallel payment systems, and of course euro exit.

What is important about this debate is that it is now taking place in public – you can’t be more public than inside the parliament. Italians, not only the Five Star Movement, are openly talking about these issues...


OWON: I am absolutely certain that Blair and his cronies need to be tied for war crimes and jailed! A million DIED!

Tony Blair should be prosecuted for Iraq War, high court hears

Former Prime Minister Tony Blair should face prosecution for his role in the UK’s intervention in the 2003 Iraq invasion, the high court has heard.

The most senior judge in England and Wales, Lord Chief Justice Lord Thomas of Cwmgiedd, has heard a case seeking to overturn an earlier order blocking Blair’s prosecution.

Referencing the Chilcot inquiry’s findings that the Iraq War was unnecessary, Michael Mansfield QC argued the private prosecution of Blair, along with then-Attorney General Lord Goldsmith and former Foreign Secretary Jack Straw, is now required.

As the 2 million-word Chilcot report concluded, the UK’s involvement in Iraq was based on the false pretext that former Iraqi President Saddam Hussein possessed weapons of mass destruction (WMD). The order declaring Blair’s immunity against any charges should therefore be overturned, he said.

The order was handed down by Westminster Magistrate’s Court in November last year as it heard a request to privately prosecute the former PM.

“Saddam Hussein did not pose an urgent threat to the UK, intelligence reporting about [Iraqi] weapons of mass destruction was presented with unwarranted certainty, that the war was unnecessary and that the UK undermined the authority of the UN Security Council,” said Mansfield, summarizing Sir John Chilcot’s conclusions...


OWON: Of such wars are started. Bloody fools!

No one wants a fight. Window dressing until the day it all goes wrong. Arrogant swine meddling.

China sends warships, fighter jets to intercept US destroyer in South China Sea

Just days before Trump's meeting with the Chinese president in Hamburg later this week for the G-20 summit, the Trump administration sent a guided-missile destroyer near Triton Island in the South China Sea, Bloomberg reported, a move "which may cause concern ahead of President Donald Trump’s meeting with his Chinese counterpart."

According to an anonymous official cited by Bloomberg, the U.S. Navy sent the destroyer USS Stethem within 12 nautical miles (22 kilometers) of Triton Island on Sunday, passing through the contested waters on the basis of "innocent passage."

It was the second such operation conducted by the US during Donald Trump’s presidency. On May 24, the US Navy guided-missile destroyer, the USS Dewey, came within 12 miles of the Mischief Reef in the Spratly Islands, another disputed archipelago that lies in the southern part of the South China Sea. At that time, the Chinese Defense Ministry also sent two frigates to “warn off” the US vessel and said that it was “firmly opposed to the US behavior of showing force and boosting regional militarization.”...

1 comment :

  1. Excellent group of articles here OWoN, thank you very much for presenting them.


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