Fox News reported that China is beginning to own the United States financially by owning so much of the Obama Administrations massive debt and collecting the subsequent massive cash money interest payments.
China has $900 Billion invested in US Treasury bonds. Treasury bonds are how the US borrows money. They issue government securities which other countries and institutions buy.
The balance of power is shifting militarily as well with China’s developent of the Dong Feng 21-D missile Kill Weapon system which may have the capability of destroying a Supercarrier aircraft carrier up to 1800 miles away.
China has become a military superpower and the USA can no longer simply assume naval supremacy as it has since the end of World War II.
The US Department of Defense has reported that China is developing the world’s first land-based anti-ship ballistic missile [ASBM] named Dong Feng 21-D.
[DF 21-D] has a range from 1200 up to 1900 miles [3000 km] depending on its payload and other factors. The DF 21-D ballistic missile warhead may travel along at a hypersonic speed of 15,000 MPH.
The US Navy is unrivaled in its ECM [Electronic Counter Measures] capabilities, but this is the first real threat in some time.
If its targeting system proves accurate, the Dong Feng 21-D [DF-21D] is the first weapons system capable of targeting and destroying a moving aircraft carrier with a single strike warhead from long-range, land-based mobile launchers.
The Dong Feng 21-D is a deterrent to Supercarriers from any intervention in the Taiwan Strait.
And the USA can no longer assume naval supremacy as it has since the end of World War II.
The American way of life is a little less safe today.
Wheat prices are at a two-year high and up 80% since June, as commodity futures markets reacted to the sudden ban on grain exports by Russia.
Prime Minister Vladimir Putin banned grain and flour exports to head off inflation following Russia’s worst drought in 130 years, caused by unusally high temperatures and fires.
The Russian export ban on grains affects wheat, corn, barley, rye and flour until the end of the year.
American wheat farmers may benefit this year. Despite drought in Russia, crop conditions elsewhere are favorable.
Global stockpiles of wheat are 50 percent higher than they were two years ago but expect higher Bread, Cereal and Beer prices anyway.
The 2010 Hiroshima Peace Memorial Ceremony commemorated the 65th Anniversaryof the worlds first atomic bomb attack.
The peace ceremony was attended by the United Nations Secretary General and official representatives of the USA, Britain and France for the first time.
A peace toll sounded at 8:15 AM to mark the minute the first atomic bomb was unleashed on mankind at Hiroshima on August 6, 1945 where 150,000 people lost their lives.
I never heard the Japanese government apologize for the bombing of Pearl Harbor or their war crimes against humanity.
” Little Boy ” the 4.5 ton uranium bomb detonated over Hiroshima within 45 seconds after being dropped from the B-29 Enola Gay.
And the atomic reaction caused a blinding flash and a fireball hot enough to vaporize every human within a one mile (1.6 kilometre) radius.
Japan surrendered on August 15, 1945 ending the war in the Pacific after years of ferocious combat.
1,000 white doves were released in a symbolic gesture for peace at the Hiroshima Peace Memorial and a hope for the goal of nuclear disarmament.
” For the sake of future generations we must continue to work together to realize a world without nuclear weapons.” – US Ambassador to Japan, John Roos
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