Trump Commits To Using “Nuclear Capabilities” To Defend US Terroritory, Allies

Trump Commits To Using “Nuclear Capabilities” To Defend US Terroritory, Allies:

In what we believe is a significant escalation and potentially a hint as to the president’s thinking, President Trump said during a phone call with Japanese Prime Minister Shinzo Abe that the US remains committed to defending its territories and allies using all “diplomatic, conventional and – here’s the big one – nuclear – capabilities at our disposal.” This is the first time Trump has explicitly referenced possible involvement of nuclear weapons in a US response to its isolated antagonist, and also means that the two world leaders discussed the possibility of a nuclear response.

  • TRUMP REAFFIRMS U.S. COMMITMENT TO DEFEND THE U.S. & ALLIES USING FULL RANGE OF DIPLOMATIC, CONVENTIONAL AND NUCLEAR CAPABILITIES: STATEMENT

The White House released a statement about what the two leaders discussed on the call. It’s available in full below:

The call was held to discuss how the two countries should respond to North Korea’s sixth nuclear test – and possibly its first successful test of a hydrogen bomb. The test came after multiple provocations from the North over the past week, including two missile tests. Earlier, Defense Secretary James Mattis, using the couched language of international diplomacy, said any threat to the US or its territories would be met with a “massive military response.”

The full White House statement on the 6th North Korean nuclear test, as delivered by Mattis shortly after 3pm ET, is below:

“Any threat to the US or its territories including Guam or our allies will be met with a massive military response, a response both effective and overwhelming. Kim Jong Un should take heed in the United Nations’ Security Council’s unified voice. All members unanimously agreed on the threat North Korea poses and they remain unanimous in their commitment to the denuclearization of the Korean peninsula. We are not looking to the total annihilation of a country, namely North Korea, but as I said we have many options to do so.”

China also strongly criticized the nuclear test, slamming Pyongyang for ignoring international condemnation of its atomic weapons program. North Korea “has ignored the international community’s widespread opposition, again carrying out a nuclear test. China’s government expresses resolute opposition and strong condemnation toward this,” the foreign ministry said in a statement on its website.

“We strongly urge the DPRK (North Korea) to face the strong will of denuclearisation from the international community, earnestly abide by the relevant resolutions of the UN Security Council, stop taking mistaken actions which worsen the situation and are also not in line with its own interests, and effectively return to the track of solving the problem through dialogue,” it added.

Finally, as several sellside desks have commented this afternoon, a sixth nuclear test by North Korea likely represents crossing a “red line” sufficient “to prompt China and Russia to support additional UN sanctions.” And while China could impose more restrictions on oil exports to NK as part of future UN sanctions – as a reminder the UNSC is meeting tomorrow at 10am –  it is unclear if this means a complete embargo. It is also unclear whether more of the same, i.e., sanctions would be sufficient to change NK regime behavior. Finally, China will need to consider the risk that punitive sanctions end up destabilizing the NK regime, leading to a flood of refugees and other adverse consequences.

* * *

PayPal: Donate in USD
PayPal: Donate in EUR
PayPal: Donate in GBP

Japan’s Finance Minister Accidentally Reveals How It All Ends: “War”

Japan’s Finance Minister Accidentally Reveals How It All Ends: “War”:

While this all started with a currency “war,” it seems – according to a stunningly candid transcript of Japan’s finance minister’s conversation with none other than Paul Krugman – that the real endgame here is actual war. Aso remarked that “a similar [deflationary mindset] had occurred in the US in the 1930s. What solved the question? War! Because World War II had occurred during the 1940s and that became the solution for the United States. [We] have to switch [the Japanese] mindset… we are looking for the trigger.

Read moreJapan’s Finance Minister Accidentally Reveals How It All Ends: “War”

Fascist Japanese Government Cracks Down On Media Over Negative Economic Reporting

Shinzo AbeJapan-cracks-collapse

Japanese Government Cracks Down Hard on the Media Amid Pitiful Economic Performance:

Their imminent departure from evening news programmes is not just a loss to their profession; critics say they were forced out as part of a crackdown on media dissent by an increasingly intolerant prime minister, Shinzo Abe, and his supporters.

Only last week, the internal affairs minister, Sanae Takaichi, sent a clear message to media organizations. Broadcasters that repeatedly failed to show “fairness” in their political coverage, despite official warnings, could be taken off the air, she told MPs.

Momii caused consternation after his appointment when he suggested that NHK would toe the government line on key diplomatic issues, including Japan’s territorial dispute with China. “International broadcasting is different from domestic,” he said. “It would not do for us to say ‘left’ when the government is saying ‘right’.”

From the Guardian article: Japanese TV Anchors Lose Their Jobs Amid Claims of Political Pressure

I’ve commented on the spectacular failure of Japan’s “Abenomics” several times in the past, most recently in last summer’s post, Japan’s Economic Disaster – Real Wages Lowest Since 1990, Record Numbers Describe “Hard” Living Conditions. Here’s what we learned:

Read moreFascist Japanese Government Cracks Down On Media Over Negative Economic Reporting

South Pacific Showdown? Japan May Send Warships To China Islands

“Tokyo will consider dispatching its Self-Defense Forces to the South China Sea, Prime Minister Shinzo Abe told U.S. President Barack Obama on Thursday, suggesting a possible role for Japan in patrolling those tense waters.”


South Pacific Showdown? Japan May Send Warships To China Islands:

On Tuesday, Chinese Vice Foreign Minister Liu Zhenmin told the press that contrary to the narrative being propagated by Washington and its allies in the South Pacific, Beijing had actually shown “great restraint” in the South China Sea.

China, Liu went on to explain, has tolerated the “occupation” of the disputed waters even as Beijing has “both the right and the ability to recover the islands and reefs illegally occupied by neighboring countries.” Essentially, Liu said China would be well within its rights to forcibly expel The Philippines, Malaysia, and Vietnam from the Spratlys. 

Read moreSouth Pacific Showdown? Japan May Send Warships To China Islands

Japan Allows Military to Fight for the First Time Since WW2

Shinzo Abejapanese-flag

Japan Allows Military to Fight for the First Time Since WW2 (The Daily Sheeple, July 18, 2015):

When the United States defeated Japan at the end of World War Two, they pretty much made the island nation their own little colony. They occupied the country, built military bases on their sovereign territory, and influenced the drafting of their postwar constitution. More importantly, the Japanese relinquished their right to wage war due to Article 9 of their constitution, and handed over the defense of their nation to the United States. The English translation of that article reads:

Read moreJapan Allows Military to Fight for the First Time Since WW2

Japan’s Economic Disaster – Real Wages Lowest Since 1990, Record Numbers Describe “Hard” Living Conditions

Japan

Japan’s Economic Disaster – Real Wages Lowest Since 1990, Record Numbers Describe “Hard” Living Conditions (Liberty Blitzkrieg, July 13, 2015):

With so much attention rightly focused on China at the moment (see: Chinese Authorities Arrest Over 100 Human Rights Activists and Lawyers in Desperate Crackdown on Dissent), people aren’t paying enough attention to the budding economic calamity unfolding in Japan.

While “Abenomics” has succeeded in boosting the stock market and food prices, it has utterly failed to raise wages. In fact, wages adjusted for inflation have plunged to the lowest since 1990. As such, a record number of households now describe their living conditions as “somewhat hard” or “very hard.”

Read moreJapan’s Economic Disaster – Real Wages Lowest Since 1990, Record Numbers Describe “Hard” Living Conditions

Japan Shocked To Find Abenomics Is Destroying Its Middle Class

“When a country embarks on deficit financing and inflationism (=quantitative easing) you wipe out the middle class and wealth is transferred from the middle class and the poor to the rich.”
– Ron Paul

Quantitative easing = printing money = creating money out of thin air = increasing the money supply = inflation = hidden tax on monetary assets = theft!!!

“By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.”
– John Maynard Keynes

“In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. … This is the shabby secret of the welfare statists’ tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists’ antagonism toward the gold standard.”
– Alan Greenspan

Aaaaand Japan has a debt-to-GDP of over 400%!!!

This Is The Biggest Problem Facing The World Today: 9 Countries Have Debt-To-GDP Over 300%


helicopter-shinzo-abeShinzo Abekuroda_0

Japan Shocked To Find Abenomics Is Destroying Its Middle Class (ZeroHedge, April 8, 2015):

In central planner “mission accomplished” news, the wealth divide in Japan is growing under Abenomics and middle class citizens are at risk of falling into poverty, The Japan Times says. Despite nightly sound bites from Kuroda, Aso, and Abe himself designed to assuage fears that the country’s gargantuan monetary experiment may yet fail to pull Japan out the deflationary doldrums, some people are getting impatient as the number of households on welfare continues to rise as does the number of nonregular workers. This comes on the heels of the rather amusing news that the country’s Labor Ministry had fabricated a year’s worth of data on wage growth (it turns out there was none) and after countless warnings from us that the PM’s policies would end in spactacularly bad fashion (see here, here, and here for instance).

Here’s more:

Read moreJapan Shocked To Find Abenomics Is Destroying Its Middle Class

Japan’s Abe Wins In Landslide Victory, LDP To Have Supermajority According To Exit Polls

Shinzo Abe

Japan’s Abe Wins In Landslide Victory, LDP To Have Supermajority According To Exit Polls (ZeroHedge, Dec 14, 2014):

As previewed yesterday, in one of the lowest turnout elections in recent years (due to heavy snow: where have we heard that before) the ruling party of Japan’s Prime Minister Shinzo Abe, the LDP, is set for a landslide victory in the lower house elections today, according to exit polls. Here is Bloomberg with the details:

  • JAPAN RULING LDP WINS 275-306 SEATS: NHK EXIT POLL
  • JUNIOR COALITION PARTNER KOMEITO WINS 31-36 SEATS: NHK POLL
  • JAPAN OPPOSITION DPJ WINS 61-87 SEATS: NHK EXIT POLL
  • JAPAN INNOVATION PARTY WINS 30-48 SEATS: NHK EXIT POLL
  • JAPAN COMMUNIST PARTY WINS 18-24 SEATS: NHK EXIT POLL
  • JAPAN RULING COALITION SET TO WIN 2/3 MAJORITY, NHK EXIT POLL
  • TURNOUT PROJECTED AT BETWEEN 51.7% AND 52.9%

What happens next?

Read moreJapan’s Abe Wins In Landslide Victory, LDP To Have Supermajority According To Exit Polls