China’s Xi praises ‘best friend’ Putin during Russia visit

China’s Xi praises ‘best friend’ Putin during Russia visit (Source

Chinese President Xi Jinping has described Russia’s Vladimir Putin as his “best friend” during a three-day visit to Moscow focusing on trade and relations between the two countries.

The visit comes as China-US relations have soured over a bitter trade war.

Russia had decided on a pivot to the east years ago after ties worsened with the West over the Ukraine conflict. The two sides have signed a package of trade deals and Mr Xi also unveiled two pandas for the Moscow Zoo. The Chinese president arrived on Wednesday and later gave a press conference where he said he had a “deep personal friendship” with his Russian counterpart.

“In the past six years, we have met nearly 30 times. Russia is the country that I have visited the most times, and President Putin is my best friend and colleague,” Mr Xi said.

Mr Putin echoed the praise saying he was “pleased to say that Russian-Chinese relations have reached an unprecedented level. It is a global partnership and strategic cooperation.”

China steps up threat to deprive US of rare earths

China steps up threat to deprive US of rare earths (Source AFP) Chinese state media dangled the threat of cutting exports of rare earths to the United States as a counter-strike in the trade war, potentially depriving Washington of a key resource used to make everything from smartphones to military hardware. The warning is the latest salvo in a dispute that has intensified since President Donald Trump ramped up tariffs against China and moved to blacklist telecom giant Huawei earlier this month, while trade talks have apparently stalled.

Huawei stepped up its legal battle on Wednesday, announcing it had filed a motion in US court for summary judgment to speed up its bid to overturn US legislation that bars federal agencies from using its equipment over security concerns.

Beijing had already dropped a big hint that rare earths could be in the firing line by showing images last week of President Xi Jinping visiting a rare earths factory in Ganzhou, central China.

State media made it clearer on Wednesday.

“Will rare earths become China’s counter-weapon against the unprovoked suppression of the US? The answer is not mysterious,” warned The People’s Daily, the Communist Party mouthpiece.

“We advise the US to not underestimate China’s ability to safeguard its own development rights and interests, and not to say we didn’t warn you.”

The state-owned Global Times warned in an editorial that the “US will rue forcing China’s hand on rare earths.” “It is believed that if the US increasingly suppresses the development of China, sooner or later, China will use rare earths as a weapon,” the nationalist tabloid said.

Trump hitting Mexico with 5% tariff in response to migrants

Trump hitting Mexico with 5% tariff in response to migrants (Source Associated Press)

In a surprise announcement that could compromise a major trade deal, President Donald Trump announced Thursday that he is slapping a 5% tariff on all Mexican imports to pressure the country to do more to crack down on the surge of Central American migrants trying to cross the U.S. border.

He said the percentage will gradually increase “until the Illegal Immigration problem is remedied.”

Trump made the announcement by tweet after telling reporters earlier Thursday that he was planning “a major statement” that would be his “biggest” so far on the border. “On June 10th, the United States will impose a 5% Tariff on all goods coming into our Country from Mexico, until such time as illegal migrants coming through Mexico, and into our Country, STOP. The Tariff will gradually increase until the Illegal Immigration problem is remedied,” he wrote, “at which time the Tariffs will be removed.”

Trump has accused the Mexican government of failing to do enough to crack down on the surge of Central American migrants who have been flowing to the U.S in search of asylum from countries including El Salvador, Honduras and Guatemala.

The announcement comes as the administration has been pushing for passage of the United States-Mexico-Canada Agreement that would update the North American Free Trade Agreement.

China puts US soy buying on hold as tariff war escalates

China puts US soy buying on hold as tariff war escalates(Source South China Morning Post)

 US agriculture secretary said in February that China had pledged to buy an additional 10 million tonnes of American soy; orders have since stopped

Previous purchases of US soybeans will not be cancelled, however

China, the world’s largest soybean buyer, has put purchases of American supplies on hold after the trade war between Washington and Beijing escalated, according to people familiar with the matter.

State-grain buyers have not received any further orders to continue with the so-called goodwill buying and do not expect that to happen given the lack of agreement in trade negotiations, said the people, who asked not to be named because the information is private.


MILITARY OFFICIAL: IRAN CAN SINK U.S. WARSHIPS WITH ‘SECRET WEAPONS’ (Source The Jerusalem Post) Western experts say Iran often exaggerates its weapons capabilities, although there are concerns about its missile program and particularly its long-range ballistic missiles.

Iran can sink U.S. warships sent to the Gulf region using missiles and “secret weapons,” a senior Iranian military official was quoted as saying by the semi-official news agency Mizan on Saturday. 
The United States announced the deployment of 1,500 troops to the Middle East, describing it as an effort to bolster defenses against Iran as it accused the country’s Revolutionary Guards of direct responsibility for this month’s tanker attacks.

“America.. is sending two warships to the region. If they commit the slightest stupidity, we will send these ships to the bottom of the sea along with their crew and planes using two missiles or two new secret weapons,” General Morteza Qorbani, an adviser to Iran’s military command, told Mizan.

Secretive Bilderberg Group Talks Brexit, the Future of Europe

Secretive Bilderberg Group Talks Brexit, the Future of Europe(Source

A secretive group of some of the world’s top politicians, bankers and businessmen met Thursday May 30th 2019 for its 67th annual conference. Since its inaugural meeting in May 1954, the Bilderberg Group has been an annual forum for elites from Europe and North America to discuss important issues away from the eyes and ears of the press.

This year’s meeting in Montreux, Switzerland, lasts from May 30 to June 2.

According to a press release, topics for discussion include China, Russia, Brexit, the future of Europe, climate change, the future of capitalism, the weaponization of social media, the importance of space, the development of artificial intelligence, and the danger of cyberthreats.

The chairman of Bilderberg 2019 is Henri de Castries, a French count and retired insurance tycoon. Other noteworthy guests include German Defense Minister Ursula von der Leyen, French Economy Minister Bruno Le Maire, King Willem-Alexander of the Netherlands, former European Commission President José Manuel Barroso, United States Secretary of State Mike Pompeo, former U.S. Secretary of State Henry Kissinger, senior White House adviser Jared Kushner, Google chief Jared Cohen and Microsoft ceo Satya Nadella.

The meetings are held under Chatham House Rule, meaning participants may use the information that is presented, but they may not reveal the identity of the speaker. It is true that the group was cofounded by two controversial figures: Prince Bernhard of the Netherlands and Polish political adviser Józef Retinger. Józef Retinger was thought to be an agent of the Vatican.

Retinger founded the European Movement in 1947, leading to the establishment of the Council of Europe in 1949.

Prince Bernhard and Retinger founded the Bilderberg Group primarily to create trans-Atlantic support for the idea of a United States of Europe. While many Bilderberg supporters have legitimate concerns about the need for a trans-Atlantic alliance to counter the rise of Russia and China, Bible prophecy reveals that America’s relationship with Europe will end in disaster.

Geologist: A Yellowstone Eruption “Would Destroy Most Of America”

Geologist: A Yellowstone Eruption “Would Destroy Most Of America” (Source Zero Hedge)

According to Tech WP, Dr. Zaba says that Yellowstone would destroy much of the United States. Dr. Zaba, who is a geologist at the University of Silesia in Katowice, Poland, said the mass explosion is completely unavoidable although it’s impossible to say when that explosion will occur. In addition to the annihilation of the United States, the geologist also says about 5 billion other people will starve to death in the volcanoes aftermath: a volcanic winter. It is forecasted that if there was an explosion it would destroy most of the United States. Discarded materials would cover everything with a meter layer within a radius of 500 km. And due to the emission of a huge amount of dust, gases or sulfur oxide to the atmosphere, there would be a temporary cooling of the climate. Sulfur oxide would create a thin veil of sulfuric acid around the planet reflecting sunlight. This would persist for many years. It is estimated that due to climate change about five billion people would starve to death. 

Huawei founder: US government ‘underestimated our power

Huawei founder: US government ‘underestimated our power’ (Source

The growing animosity between Huawei Technologies Opens a New Window. and the U.S. government Opens a New Window. was inevitable and a sales ban imposed by the Trump administration Opens a New Window. will have no effect on the firm’s plans, according to the founder of the Chinese telecommunications giant. Speaking to Chinese state media on Tuesday, Ren Zhengfei said there would be “conflict with the United States sooner or later” as Huawei seeks to grow its dominance in the global telecom industry.

Following the actions from the Trump administration, a number of companies took immediate steps to limit their relationship with the Chinese firm. Google, for example, said it would restrict access to popular applications on Huawei smartphones, a decision that was reversed after the White House’s 90-day reprieve. Chipmakers like Intel and Qualcomm Inc. also reportedly suspended shipments to Huawei. While the company develops some of its own chips, it relies on U.S. firms for other parts.

Spokespersons for Qualcomm and Intel did not immediately respond to request for comment.

Huawei CEO Richard Yu on wrote on Tuesday on popular Chinese messaging app WeChat that the company would roll out its own operating system in 2020, a move that would reduce the reliance on U.S. companies.

“It Felt Like An Earthquake”: Violent Tornados Tear Through Missouri, Leaving 3 Dead

“It Felt Like An Earthquake”: Violent Tornados Tear Through Missouri, Leaving 3 Dead (Source Zero Hedge) Late Wednesday night, a tornado ripped across Jefferson City, the capital of Missouri. The storm, described as a “direct hit” to the capital city, left dozens trapped and injured. What the National Weather Service described as a “violent tornado” landed nearly eight years to the day that another deadly storm leveled Joplin, Missouri. More tornadoes, thunderstorms and flash floods are expected for a large swath of the Midwest between Oklahoma and Illinois. Across the state, storms have left three people dead, the Missouri Department of Public Safety reports. Tornado watches were in place for areas from Oklahoma City northeast to central Illinois overnight. The NWS has received 33 reports of tornadoes between late Wednesday and Thursday morning. Since Tuesday, 60 such storms have been reported.

Even Before The Recession Has Officially Begun, Some Large U.S. Firms Are Laying Off Thousands Of Workers

Even Before The Recession Has Officially Begun, Some Large U.S. Firms Are Laying Off Thousands Of Workers (Source

If the U.S. economy is “booming” and very bright days are ahead, then why are many large U.S. corporations laying off thousands of workers?  Layoffs are starting to come fast and furious now, and this is happening even though the coming recession has not even officially started yet.  Of course many are convinced that we are actually in a recession at this moment.  In fact, according to John Williams of if the government was actually using honest numbers they would show that we have been in a recession for quite some time.  But the narrative that the mainstream media keeps feeding us is that the U.S. economy is “doing well” and that the outlook for the future is positive.  Well, if that is true then why are big companies laying off so many workers right now? Ford Motor said that it is laying off about 7,000 managers and other salaried employees, about 10% of its white-collar workforce across the globe, as part of a restructuring plan designed to save the No. 2 automaker $600 million annually. The cuts, some of which were previously announced by the company, will be completed by August, Ford CEO Jim Hackett said in an email to employees. If the U.S. economy was about to take off like a rocket, this move doesn’t make any sense at all. But if we are headed into a recession, this move makes perfect sense. Nestle SA’s U.S. unit will dismiss about 4,000 workers as it stops delivering frozen pizza and ice cream directly to stores and transitions to a warehouse model that’s becoming an industry standard for Big Food companies looking to trim costs. 3M plans to cut 2,000 globally as part of a restructuring due to a slower-than-expected 2019.

The maker of Post-it notes, industrial coatings and ceramics said Thursday that the move is expected to save about $225 million to $250 million a year.

Did you catch that part about these layoffs being due to “a slower-than-expected 2019”?

Unfortunately, things are slow for a lot of companies out there these days.