This Is Post No. 23,679 …

Wudang

… since the creation of Infinite Unknown in 2008.

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In Liberty,
Infinite Unknown

Ukraine Accuses Russia Of Invasion, Considers State Of Emergency After Masked Gunmen Occupy Two Crimean Airports

Ukraine Accuses Russia Of Invasion, Considers State Of Emergency After Masked Gunmen Occupy Two Crimean Airports (ZeroHedge, Feb 27, 2014):

The bizarre events in the Crimea continued overnight, after unidentified masked men but dressed like those who took over the parliament in Simferopol yesterday, took over two airports by blockading one near the Russian naval base in Sevastopol and another in the capital of Simferopol. This prompted the Ukraine’s interior minister Arsen Avakov, to accuse Moscow’s military of blockading the airports, and in a Facebook post, he called the seizure of the Belbek international airport in the Black Sea port of Sevastopol a “military invasion and occupation.” He added: “It is a breach of all international agreements and norms.” As NBC reports, the Interfax news agency quoted Russian military sources as saying the incident at Belbek airport was intended to stop “fighters” flying in. However, Interfax later quoted a Russian official as saying that no units had approached the airport or blockaded it. In a nutshell, Russia continues to push with escalation ever further, and is testing just how far it can and will go without Ukraine responding.

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Kyivpost has a more detailed account:

Two Crimean airports were taken over by Russian military troops, Interior Minister Arsen Avakov said on Facebook this morning. He said the situation in the autonomous republic has now escalated to “a military intervention” and called on the National Security Council to take urgent steps towards its regulation.

“My assessment of what’s going on is that it’s a military intervention and occupation in violation of all international agreements and norms,” he said in his statement. “This is a direct provocation of bloodshed on the territory of a sovereign state.”

Read moreUkraine Accuses Russia Of Invasion, Considers State Of Emergency After Masked Gunmen Occupy Two Crimean Airports

China Currency Plunges Most In Over 5 Years, Biggest Weekly Loss Ever: Yuan Carry Traders Crushed

China Currency Plunges Most In Over 5 Years, Biggest Weekly Loss Ever: Yuan Carry Traders Crushed (ZeroHedge, Feb 27, 2014):

And just like that the Chinese yuan devaluation has shifted away from the merely “orderly.”

In the past few hours of trading, China, which as we reported two days ago has started intervening aggressively in the Yuan market (for the reasons why, read this), has seen its currency crash by nearly 0.9%, which may not seem like much, but is in fact the largest drop since December of 2008, and at last check was trading at around 6.18, even as the PBOC fixed the CNY reference rate 0.02% higher from the last official close to 6.1214, erasing pivot support point at 6.1346 and 6.1408.  Naturally this means that the obverse, the CNYUSD, has crashed to as low as 0.1620. Should this move sustain without reverting, this will be the biggest weekly loss ever!

12 Signs That Russia Is Ready To Fight A War Over Crimea

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12 Signs That Russia Is Ready To Fight A War Over Crimea (Economic Collapse, Feb 27, 2014):

Russia will never, ever give up Crimea without a fight.  Anyone that thinks otherwise is just being delusional.  The Russian Black Sea fleet’s main base at Sevastopol is far too strategically important.  In addition, ethnic Russians make up approximately 60 percent of the population of Crimea, and most of the population is rabidly pro-Russian.  In fact, many prominent Crimean politicians are already calling for reunification with Russia.  So if you have been thinking that Russia is just going to fold up shop and go home now that pro-European protesters have violently seized power in Kiev, you can quit holding your breath.  The truth is that Russia is more than willing to fight a war over Crimea.  And considering the fact that vitally important pipelines that pump natural gas from Russia to the rest of Europe go right through Ukraine, it is not likely that Russia will just willingly hand the rest of Ukraine over to the U.S. and the EU either.  If the U.S. and the EU push too hard in Ukraine, a major regional war may erupt which could ultimately lead to something much larger.

Russia and Ukraine have very deep historical ties.  Most Americans may not think that Ukraine is very important, but the Russians consider Ukraine to be of the utmost strategic importance.

Read more12 Signs That Russia Is Ready To Fight A War Over Crimea

Mt. Gox Files For Bankruptcy, Lost 750,000 Of Its Customers’ Bitcoin Holdings And More Than 100,000 Of Its Own Coins, Or More Than $450 MILLION Worth

Aaaaaaand, it’s gone …


Mt. Gox Files for Bankruptcy (New York Times, Feb 28, 2014):

TOKYO — Mt. Gox, the troubled exchange for the virtual currency Bitcoin, filed for bankruptcy protection on Friday and said that it might have lost 750,000 of its customers’ coins, essentially all of them, in a hacking attack.

The Tokyo-based exchange, which warned this month of a software flaw that may have allowed hackers to defraud it of Bitcoins, had halted all trading this week.

Mark Karpeles, the company’s chief executive, wearing a suit instead of his usual T-shirt, bowed in contrition and apologized in Japanese at a press conference in Tokyo.

“There were weaknesses in the system,” he said. “I’m truly sorry to have caused inconvenience.”

He said that the exchange had most likely lost 750,000 of its customers’ Bitcoin holdings and more than 100,000 of its own coins, or more than $450 million worth.

Read moreMt. Gox Files For Bankruptcy, Lost 750,000 Of Its Customers’ Bitcoin Holdings And More Than 100,000 Of Its Own Coins, Or More Than $450 MILLION Worth

31 Percent Of All Food In America Is Wasted – And Why That Is About To End

Burger-And-Fries

31 Percent Of All Food In America Is Wasted – And Why That Is About To End (Economic Collapse, Feb 26, 2014):

According to a stunning new report from the U.S. Department of Agriculture, nearly a third of all food produced in the United States gets wasted.  We are probably the most wasteful society in the history of the planet, and we are also one of the most gluttonous.  More than 35 percent of all Americans are considered to be officially “obese” by the Centers for Disease Control and Prevention.  Unfortunately, this era of gluttony and taking food for granted will soon be coming to an end.  Thanks to crippling drought in key growing areas and other extremely bizarre weather patterns, a massive food crisis is beginning to emerge all over the planet.  If you don’t think that this is going to affect you, then you simply are not paying attention.  Approximately half of all produce grown in the United States comes from the state of California, and right now California is suffering through the worst stretch of drought on record.  Food prices are going to start soaring, and that is going to affect the household budget of every family in America.

Needless to say, a time is coming when Americans will not waste food so recklessly.  But for the moment, we still have a tremendous amount of disrespect for the value of food.  According to the U.S. Department of Agriculture, we waste a staggering 133 billion pounds of food each year

Read more31 Percent Of All Food In America Is Wasted – And Why That Is About To End

U.S. Supreme Court Rules Police May Search A Home WITHOUT OBTAINING A WARRANT

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Supreme Court Rules Police May Search A Home Without Obtaining A Warrant (ZeroHedge, Feb 27, 2014):

If the most disturbing, if underreported, news from yesterday, was Obama’s “modification” of NSA capabilities, which contrary to his earlier promises, was just granted even greater powers as phone recording will now be stored for even longer than previously, then this latest development from the Supreme Court – one which some could argue just voided the Fourth amendment – is even more shocking. RT reports that the US Supreme Court has ruled that police may search a home without obtaining a warrant despite the objection of one occupant if that occupant has been removed from the premises. With its 6 to 3 decision in Fernandez v. California on Tuesday, the Court sided with law enforcement’s ability to conduct warrantless searches after restricting police powers with its 2006 decision on a similar case.

Cop entry_1

From RT:

In 2009, the Los Angeles Police Department sought suspect Walter Fernandez, believed to have stabbed someone in a violent gang robbery. When police first arrived at the suspect’s home, they heard yelling and screaming before Fernandez’s live-in girlfriend Roxanne Rojas answered the door, appearing “freshly bruised and bloody,” and with an infant in hand, according to argument recap by SCOTUSblog.

Read moreU.S. Supreme Court Rules Police May Search A Home WITHOUT OBTAINING A WARRANT