CHINA says That A “State Of War” Now Exists With UNITED STATES

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May 16, 2014
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China Gains Control of Israeli Ports

Port of Haifa
https://en.wikipedia.org/wiki/Port_of_Haifa

The Shanghai International Port Group (sipg) won the development contract in Haifa.
Signed on May 28, 2015, the contract grants Beijing control of the port for 25 years.
It is set to be inaugurated in 2021.
https://worldmaritimenews.com/archives/155559/sipg-wins-tender-to-operate-new-haifa-port/
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Port of Ashdod
https://en.wikipedia.org/wiki/Port_of_Ashdod

Here at Israel’s busiest port, a subsidiary of China Harbour Engineering Co. Ltd.
won the mid-2014 contract. They will build here around over a $900 million port.
https://www.reuters.com/article/shi...ort-at-ashdod-in-israel-idUSL6N0P45AD20140623
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The United States-Israel alliance may also pay a price. Espionage isn’t just
a threat to Israel; American vessels frequent these ports too.

Retired U.S. Adm. Gary Roughead told the Jerusalem Post, “The Chinese port operators
will be able to monitor closely U.S. ship movements, be aware of maintenance activity,
and could have access to equipment moving to and from repair sites and interact freely
with our crews over protracted periods.”

American forces will no longer feel secure using Haifa as an extended base of operations.
America’s 6th Fleet, while based out of Naples, docks at Israeli ports. Its security is jeopar-
dized by Chinese companies running the ports.

By controlling the port facilities, China can monitor both American and Israeli warships.
It can also keep an eye on the technology on board. “It’s not just someone listening in,”
Roughhead warned, “but what is the technology being used in commercial systems which
can bleed into military systems?

How vulnerable are they to interference? It’s not something that just Israel and the Port
of Haifa should be concerned about. What is being tested on an Israeli warship and how
easily can those signals be picked up? What are the mechanisms in place to prevent that?”
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So China has forked out billions of dollars to upgrade two Israeli port facilities as part of its
maritime “silk road” infrastructure project. In doing so, Beijing has also secured a quarter
-century lease. The security ramifications for Israel and its closest ally, the United States,
are particularly important.

American policymakers will be upset that Israel was so quick to put the U.S.
in such a compromised position.
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China’s efforts to establish the multitrillion-dollar trade route has drawn global sus-
picion. Chinese President Xi Jinping has called for a “military-civilian integration”
policy. This includes “all fields of national economic development and defense building.”

As China acquires ports, the security ramifications cannot be ignored.
https://www.theguardian.com/world/2...-calls-for-absolute-loyalty-from-chinese-army
http://www.xinhuanet.com/english/2018-03/02/c_137011871.htm
 

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August 23 China and India agree to increase military cooperation.

The diplomatic turnaround of China and India since a military stand-off on their
disputed border last year proves the resolve of both nations to avoid conflict.

China and India: From War to Friendship

They confronted each other on a barren stretch of land claimed by both China and Bhutan,
India’s neighbor and ally. China planned to build a road through the region, but India opposed
it. With hundreds of troops massing on the border, neither side would back down.

In the summer of 2017, major newspapers published headlines such as: “The China-India
Clash That Could Lead to Nuclear War” (Sydney Morning Herald), “China and India Are
Reportedly Preparing for Full-scale War Over a Himalayan Border Dispute” (South China
Morning Post) and “China Wants War With India, Make No Mistake” (the DailyO).

Thawing of Sino-Indian ties will benefit region and the world
https://www.scmp.com/comment/insigh...ino-indian-ties-will-benefit-region-and-world

"
Managing and settling the border dispute is only a foundation for better relations.
The improvement in ties was given impetus by an informal summit between President Xi
Jinping and Modi in Wuhan last April and they met again on the sidelines of the annual
gathering of the BRICS grouping of developing nations in Johannesburg last month.

There is a possibility of furthering the leaders’ good relationship during the G20
summit in Buenos Aires in November. They have much to discuss, an especially
contentious matter being China’s “Belt and Road Initiative”, perceived by New Delhi
as a threat to its development and diplomatic alliances.

But India should see the project as an opportunity, not a threat. The nations have ever
-growing economic and technological clout, and resources that can help resolve regional
and global challenges. They can be tapped only through friendlier ties that can resolve
disputes and improve communication and cooperation.
"

“This visit … will deepen our bilateral military exchanges and cooperation on security,
enhance mutual trust, and push forward the new development of our military ties to protect
peace on the border,” Chinese Defense Minister Wei Fenghe said.

Two Asian giants pick up ‘thousands of years of friendship.’
 

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August 26, 2018 China ‘developing electromagnetic rocket with greater fire range’

Programme’s lead scientist speaks of ‘substantial progress’ in devising
a high-velocity rocket that can fly further from Tibet
https://www.scmp.com/news/china/dip...eveloping-electromagnetic-rocket-greater-fire

If the rail-gun rockets turn out to be effective, the Chinese would be able to saturate
targets in India with inexpensive but highly destructive rockets.

“Rockets are much cheaper than missiles, although less accurate. If they are mass-deployed,
they can excel at saturation fire to create intensive destruction to a bigger range of area,”
Zhou Chenming, a military expert based in Beijing, told the South China Morning Post.

Han told Science and Technology Daily that the extended range would render it unnecessary
for China to move forward-deploy rockets to the frontline of such a conflict, which is difficult
and expensive in the Himalayas. The rail guns could instead be fired from a farther, more
accessible distance. It's like who has longer arms and harder fists enjoys the advantage.
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China’s New Rail-Gun Rockets in Tibet Send Menacing Message

Analysts believe the tests are related to Chinese President Xi Jinping’s plans for the Belt and
Road Initiative, a plan to build vast infrastructure linking China to the West. India has been
hindering some key aspects of the project in recent years.

Xi hopes to neutralize this resistance by entering agreements with India, such as the deal signed
to increase military cooperation between China and India. But the Belt and Road Initiative is
a core policy initiative for Xi: Leaders even wrote it into China’s Constitution earlier this year.

Xi wants the Indian leadership to know that if diplomatic efforts to neutralize resistance to this core
policy fail, China would be prepared to neutralize it with force. The new rail-gun rockets in Tibet
could play a role in such a strategy, and the tests may be designed to signal such a possibility to India.
 

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SEPTEMBER 25 World upside down as EU and Russia unite against US

“The UN general assembly in New York, the world’s largest diplomatic event, turned into
a show of EU solidarity with Russia and China against the US on Tuesday (25 September).

The development, which came about over Iran, symbolised a world-turned-upside-down by
US leader Donald Trump’s unilateralism. It left Mike Pompeo, Trump’s foreign policy chief,
“disturbed and indeed deeply disappointed”.

“This is one of the of the most counterproductive measures imaginable for regional and global
peace and security,”he told press, after seven decades in which the US and EU had stood together
against common adversaries, such as Russia, in the so-called “transatlantic relationship”.

The measures Pompeo referred to were the creation of a “Special Purpose Vehicle [SPV]” to
enable the EU and others to buy Iranian oil in a way that skirted Trump’s new sanctions on Iran.


whole story here
https://euobserver.com/foreign/142953
 

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Chinese warship has docked in Venezuela for the first time in history.

Venezuelan President Nicolás Maduro is desperately hoping that China will save his
nation’s rapidly collapsing economy. After he visited China’s capital, Maduro allowed a
Chinese naval ship to dock at the Venezuelan port of La Guaira for an eight-day visit.

Venezuela’s finance ministry is trying to get financial aid from China’s Development Bank.
Allowing Chinese naval officials to inspect Venezuelan military and medical facilities will
bolster ties between the two nations and possibly make it more likely that China will give
aid to Venezuela.

The Peace Ark is a People’s Liberation Army medical ship that has been visiting nations
across the Caribbean in a quest to bolster economic, political and even military ties in
the region.

While such a diplomatic outreach mission may seem like a small beginning, those who
read and believe the Bible should know that China’s economic and military presence
in the developing world is prophesied to grow very strong.

If China can leverage Venezuela’s economic distress to get the Venezuelan government
to let Chinese warships use the port of La Guaira, then China will have great influence
over the trade routes on America’s southern border.
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China and Panama have Strengthened Ties, and ditched Taiwan, a U.S. ally.
With the normalisation in relations, Chinese companies will now be looking to
extend their activities deep into Latin America – right in the US backyard.

China allready controls both ends of the Panama Canal

Panama Canal is a major sea gate that helped bring the U.S. to the height of its power.
If China controls the Panama Canal, it can easily use it as a choke point to strangle the
U.S. economy. It would pose a major threat to United States security.
 

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Think about it. How dependent are we on electricity?
What if that goes out all over this nation in a flow from one coast to the other.
A rolling blackout.
Yes America is vulnerable to cyberattacks on elec. grid.
Some say Cyberattacks, it is America’s Achilles’ Heel.

Cyberattack on power grids have happened before

Dec. 23, 2015 Ukraine power grid cyberattack
https://en.wikipedia.org/wiki/December_2015_Ukraine_power_grid_cyberattack

Hackers, whom the Ukrainian government claims were backed by Russia,
the first successful cyberattack on a power grid in human history.

Russian military intervention in Ukraine (2014–present)
https://en.wikipedia.org/wiki/Russian_military_intervention_in_Ukraine_(2014–present)
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How An Entire Nation Became Russia's Test Lab for Cyberwar
https://www.wired.com/story/russian-hackers-attack-ukraine/
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Jan 10 2017 The Ukrainian Power Grid Was Hacked Again
https://motherboard.vice.com/en_us/...an-power-station-hacking-december-2016-report

Marina Krotofil, an industrial control systems security researcher who analyzed the attack,
told Wired the methods were “far more efficient” the second time around. “In 2015, they
were like a group of brutal street fighters,” Krotofil said. “In 2016, they were ninjas.”

Even scarier is what the hackers could have done. As Wired, which reported extensively on
the attacks, wrote: “[T]he hackers could have done much more damage than they did do if
only they had decided to physically destroy substation equipment as well, making it much
harder to restore power after the blackout.”
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June 15, 2017 ‘Crash Override’ malware heightens fears for US electric grid
https://thehill.com/policy/cybersec...-malware-heightens-fears-for-us-electric-grid
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American software company Symantec reported the hacking group known as “Dragonfly”
had gained unprecedented access to electrical facilities across Europe and North America.
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WannaCry, the ransom software that infiltrated devices, stole files, and demanded payments
of $300 to $600 for their return, made international news. But it’s unlikely the public remembers
about the recent cyberinfiltration of nuclear facilities or the attacks on Irish power grids.
https://www.nytimes.com/2017/07/06/technology/nuclear-plant-hack-report.html
https://thehill.com/policy/cybersecurity/345836-irish-power-grid-compromised-by-foreign-actor-report

By its nature, a good hacking operation wants to slip in, gain further information, and slip out,
all without detection. The most successful job is when it’s not possible to report on it.
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A Council on Foreign Relations report “A Cyberattack on the U.S. Power Grid” described it
this way: “Most experts believe that the current complexity of grid operations in the United
States would make a switch to manual operations difficult; newer systems might not allow for
the use of manual controls at all.” [A lack of manual shutdown is a main problem]
https://www.cfr.org/report/cyberattack-us-power-grid
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The danger of cyberattacks has become dramatically worse over the last few years.
Last year was the most expensive year ever for cyberattacks. The failure to clearly
respond has taught not just Russia or China, but any other would-be attacker, that
such operations are relatively no pain on the cost side, and all gain on the benefits side.
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Much info on cyberwarfare here about

THE 2018 STATE OF THE DIGITAL UNION:
THE SEVEN DEADLY SINS OF CYBER SECURITY WE MUST FACE
https://warontherocks.com/2018/01/2...n-seven-deadly-sins-cyber-security-must-face/

Just One deadly [sin] is Reliance on Foreigners

For all these smart devices, whether in the home, in a power station or in the military, America
relies on foreign nations to make the key components. “Never before has a nation been in geo-
strategic com-petition with another nation that manufactures substantial parts of both its business
and military technology,” wrote Singer.

“This is the predicament for the United States, which finds itself beholden to China, all the way
down to the microchip level. It creates not just a type of dependence never before seen, but also
one that can be exploited through the potential of ‘hardware hacks,’ where vulnerabilities might
be baked into systems in a manner that might not be made evident for years if not decades.

The chips that you buy today, could cost you a war tomorrow.”
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9 Interesting Ways to Watch Cyberattack in Real-time Worldwide
https://geekflare.com/real-time-cyber-attacks/#1-Norse
 

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The concern for me is the hackers that China employs. And why not?
Computers operate on the technology China invented and patented.
Of course they can hack any computer. They made the things work.
China Accused of Hardware Hack Affecting Defense Department, CIA

October 4, 2018 The Big Hack: How China Used a Tiny Chip to Infiltrate U.S. Companies
https://www.bloomberg.com/news/feat...ny-chip-to-infiltrate-america-s-top-companies

China appears to have perpetrated a major hack against United States companies.
This comes at a pivotal time in the trade war with China and amidst increasing
warnings about America’s vulnerability.

In its extensive report published on October 4, Bloomberg detailed the discovery of
tiny microchips embedded in hardware bound for the U.S. and designed to infiltrate
U.S. companies. The hack appears to have been conducted by China’s military.

U.S. authorities began the ongoing intelligence probe after Apple discovered malicious
chips on its servers in 2015. The servers were supplied by Elemental Technologies,
a firm that has also supported servers to the cia, Navy warships and Department of
Defense data centers.

Investigators discovered that the chips “allowed the attackers to create a stealth
doorway into any network that included the altered machines” (ibid).

A hardware hack such as this is one of the most difficult to pull off, yet it can be
the most devastating. One hardware hacker said hardware is “so far off the radar,
it’s almost treated like black magic.”

A feat like this could not be pulled off by a minor group of hackers. It is aimed at
“the kind of long-term, stealth access that spy agencies are willing to invest millions
of dollars and many years to get,” wrote Bloomberg.

Bloomberg continued:

The investigators concluded that this intricate scheme was the work of a People’s
Liberation Army unit specializing in hardware attacks, according to two people briefed
on its activities. The existence of this group has never been revealed before, but one
official says, “We’ve been tracking these guys for longer than we’d like to admit.”

The unit is believed to focus on high-priority targets, including advanced commercial
technology and the computers of rival militaries. In past attacks, it targeted the
designs for high-performance computer chips and computing systems of large U.S.
Internet providers.
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"They have blown the trumpet, even to make all ready; but none goeth to the battle:
for my wrath is upon all the multitude thereof.”

This likely refers to an attack on military systems through cyberwarfare.
America could be brought to its knees in a kind of warfare that has never
been seen in the history of the world.
 

Lillywolf

Well-known member
Aug 29, 2018
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In my view it is a mistake to ever think China is our friend. I don't think president Trump makes that mistake. He rather wisely would rather have them working with us, as is the case concerning Russia, than against us.
 

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Putin proposes Russia, Japan sign historic peace treaty

September 29, 2018 A Russia-Japan peace treaty?
https://nationalinterest.org/feature/russia-japan-peace-treaty-32197

It could happen if Tokyo decides to become less deferential to Washington regarding what to do.


While Russian president Vladimir Putin continues to wage Russia’s geopolitical
offensive from Donbass to cyberspace, he has recently extended an olive branch
in a surprise gesture to resolve his country’s 73-year-old antagonism with Japan.

At the Fourth Eastern Economic Forum in Vladivostok last week, the Russian president
extemporaneously offered Japanese prime minister Shinzo Abe a peace deal by signing
a bilateral peace treaty without any preconditions. ........

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Problem of Signing Russia-Japan Peace Treaty
https://sputniknews.com/asia/201809121067978235-russia-japan-peace-treaty/
 

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OCTOBER 5, 2018 India quietly seals missile deal with Russia despite U.S. warning
https://www.reuters.com/article/us-...with-russia-despite-u-s-warning-idUSKCN1MF123

India agreed a deal with Russia to buy S-400 surface to air missile systems on Friday,
the two sides said, as New Delhi disregarded U.S. warnings that such a purchase could
trigger sanctions under U.S. law.

“The deal was signed on the fringes of the summit,” Kremlin spokesman Dmitry Peskov
told Reuters. The contract is estimated to be worth more than $5 billion and gives the
Indian military the ability to shoot down aircraft and missiles at unprecedented ranges.

The United States has said countries trading with Russia’s defense and intelligence
sectors would face automatic sanctions under a sweeping legislation called
Countering America’s Adversaries Through Sanctions Act (CAATSA).
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Putin and Modi also signed eight other major agreements, including a pact securing
Russia’s cooperation on India’s ambitious “Skycraft” manned space mission.

“We will strengthen cooperation in industry and investment, agriculture, medicine,
pharmaceuticals, etc,” Putin said of the wide-ranging agreements, adding that a Russian
railway company “will help India build modern railroads” in locations around the country.

Last month, the United States imposed sanctions on China’s military for its purchase
of combat fighters as well as the S-400 missile system it bought from Russia this year.

India is hoping that President Donald Trump’s administration will give it a waiver on
the weapons systems which New Delhi sees as a deterrent against China’s bigger and
superior military."
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Pravin Sawhney, editor of India-based magazine Force, noted on October 5 that
the S-400 will become a critical component of the Indian military.
https://thewire.in/security/india-s-400-missiles-deal-russia-us-caatsa

[T]he Indian Air Force (iaf) intends to use S-400 in the “offensive air defense” role
rather than its designed role of protecting high-value targets like Delhi, for which it
was originally proposed. Through “offensive air defense,” the iaf wants S-400 to
take out enemy Airborne Early Warning and Control Systems (awacs)......
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Because of this looming threat, there was uncertainty right up until October 5 as to
whether or not India would go through with the milestone purchase. “The government
of India continued to send mixed signals to its Russian counterparts, so much so, that
until this morning nobody knew for sure if the deal would be done,” Shawhney wrote.

The fact that India quietly went ahead with the purchase despite U.S. threats shows
that New Delhi may be willing to jeopardize its close relationship with America in
favor of its relationship with Russia.
-

Ezekiel 38:5 “Cush” and “Phut,” are the modern-day Indians.
The peoples of Cush and Phut settled in Africa, but the rest migrated to India.
The stage is being set for India to take its place soon among “the kings of the east"
 

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OCTOBER 9, 2018 Taiwan pledges to boost national security amid Chinese pressure
https://www.reuters.com/article/us-...al-security-amid-china-pressure-idUSKCN1MK09G

TAIPEI (Reuters) - Taiwan President Tsai Ing-wen vowed on Wednesday to boost
national security, saying her government would not submit to Chinese suppression
as Beijing ramps up pressure to assert its sovereignty over the self-ruled island.
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Taiwan’s Defense Ministry outlined three ways it can protect the country’s sovereignty:
increase military spending, develop Taiwan’s domestic weapons industry, and ensure
“the best welfare for military personnel to achieve the success of our conscription system.”
https://www.scmp.com/news/china/mil...ina-threats-pledge-increase-military-spending
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Ever since Tsai was elected president in 2016, China has increased military and diplomatic
pressure on Taiwan. The Taiwanese are bracing for the possibility that China will use military
force to attempt to assert control over their island.

This year, China accelerated routine encirclement drills around Taiwan. China flew its newly
acquired Su-35 fighter jets along with H-6K bombers, J-11 fighters, and KJ-2000 aircraft
around Taiwan. Intimidated by these drills, Taiwan seeks to expand its military so it can
counter Chinese aggression.

Since Tsai entered office, China has also convinced several of Taiwan’s last remaining
diplomatic allies—São Tomé and Príncipe, Panama, Burkina Faso, the Dominican Re-
public and El Salvador—to switch their allegiances to China.
-

China considers Taiwan a top priority in its foreign policy, and says it reserves
the right to forcefully take over Taiwan.
https://foreignpolicy.com/2018/05/22/beijings-threats-against-taiwan-are-deadly-serious/
 

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AUGUST, 2018 Could Tokyo ever go critical and make nuclear weapons?
http://www.atimes.com/article/could-tokyo-ever-go-critical-and-make-nuclear-weapons/

Report says Japan has enough plutonium to make up to 6,000 nuclear weapons
and has the technical ability and economic capacity to manufacture them

Seventy-three years ago, the world entered the nuclear age when Hiroshima was vaporized
with the first atomic bomb ever to be detonated over a city. The anniversary was marked
with a somber ceremony at ground zero attended by Japanese Prime Minister Shinzo Abe.

The trauma of the destruction of Hiroshima, and three days later, Nagasaki, with a second
nuclear bomb, has never lifted from Japan’s consciousness. Anti-nuclear sentiment remains
strong; even hard-liner Abe has repeatedly said – including on Monday – that Japan will
not possess nuclear arms........."

"...Contrary to widespread popular belief, Japan’s post-war constitution does not specifically
prohibit the possession of nuclear weapons. It is Japan’s Basic Atomic Energy Law of 1956,
and its associated national policy, that establishes the three non-nuclear principles:
no possession, no manufacturing and no nuclear weapons in the country.

However, both statute and policy can be easily changed. Any “extraordinary events”
that would justify Japan leaving the NPT could trigger such changes. North Korea’s
refusal to rid itself of nuclear weapons and missiles that can reach Japan could constitute
the extra-ordinary events of Article X.

While the political will may be absent at present, Japan clearly has the material, the
technical ability and the economic capacity to manufacture nuclear arms.

Expert estimates of how long it would take Tokyo to deploy a nuclear weapon vary from six
months to five years – a range so wide as to be uninformative. Given this, it is intriguing that
American Vice President Joe Biden told China’s Xi Jinping in 2016 that North Korea’s nuclear
program had to be reined in since Japan could build its own nuclear bomb “overnight” –
something Beijing is strongly opposed to.

Now, the previously absent political will may appear. Not only is North Korea clearly
dangerous, but allies are questioning Washington’s defense commitments, particularly
the steadfastness of its nuclear umbrella in Northeast Asia.

Japan may soon feel compelled to put its “technical deterrence” into practice......
"
 

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Germany and Japan both—two nations on the losing side of World War ii that
have a taboo about developing nuclear bombs, but find they might build them.

July 2018 Welt Am Sonntag “Do We Need the Bomb?”
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German right demands nuclear “weapons of mass extermination”
https://www.wsws.org/en/articles/2018/07/31/pers-j31.html

“National defense on the basis of a nuclear deterrent must be given priority in light of
new trans-Atlantic uncertainties and potential confrontations,” wrote Christian Hacke.

“It would be easier to dismiss the article as the ramblings of an eccentric academic were
Hacke not a fixture of Germany’s foreign-policy establishment and a respected university
professor,” noted Politico.
https://www.politico.eu/article/german-bomb-debate-goes-nuclear-nato-donald-trump-defense-spending/

“That the debate is happening at all speaks to how unnerved Germany’s security community
has become in the face of Trump’s threats, including his warning at last month’s nato summit
that the U.S. might ‘go it alone.’”
https://www.washingtonpost.com/

The Frankfurter Allgemeine Zeitung, Spiegel Online, Tagesspiegel and public television channel
ard have called for Germany either to develop nuclear weapons or to at least open up a debate
on the matter. This talking point is becoming increasingly common among defense experts.

As Politico pointed out, perhaps the most likely course for Germany is to push for some kind of
shared European nuclear arsenal. But it’s vital to remember that Germany already has nuclear
bombs—American ones. They are deployed on German bases, compatible with German aircraft,
and ready for German pilots to drop.
-

Seventy-Three Years After the First Nuclear Strike
THE NUCLEAR THREAT PERSISTS, Nukes Are Everywhere,
as more countrys seek them.

Status of World Nuclear Forces
https://fas.org/issues/nuclear-weapons/status-world-nuclear-forces/
 

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October 22, 2018 South Korea Prepares for a Future Without the US
https://geopoliticalfutures.com/south-korea-prepares-future-without-us/

Seoul’s long-term goals for North Korea are incompatible with Washington’s,
and sooner or later it will have to strike out on its own.

"
The United States and South Korea are finding it harder and harder to stick to the
same playbook on North Korea. Consider what’s happened just in the month since
North Korean leader Kim Jong Un and South Korean President Moon Jae-in met
in Pyongyang for a landmark summit.

In early September, the South opened a liaison office with the North, reportedly
without first informing the U.S., which opposed the move. South Korean Foreign
Minister Kang Kyung-wha later publicly admonished Washington for its purported
inflexibility on the good faith measures Pyongyang demanded.

The next week, Kang said that Seoul was considering lifting sanctions on North
Korea related to its sinking of a South Korean ferry in 2010.

Another senior South Korean official walked back the claim, but not before U.S.
President Donald Trump said Seoul “does nothing without our approval,” a comment
that riled the Korean public. On Oct. 12, South Korea’s new military chief pledged to
push for the transfer of war.......
"
 

maxwel

Senior Member
Apr 18, 2013
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If we turn ourselves all into transgender, non binary, gender fluid, man-hating, angry feminist, neo-marxist, conformist, collectivist, identitarian, irrational, illogical, postmodern, deconstructionist, screeching snowflakes, who disallow any freedom of speech or thought... no enemy will need to bomb us.


...
 

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Octember 30 Oil Falls to Two-Month Low as Global Demand Anxiety Intensifies
https://www.msn.com/en-us/money/mar...and-anxiety-intensifies/ar-BBP5H9y?li=BBnbfcL

"
Oil slid to a two-month low as escalating U.S.-China trade tensions threatened global growth
at a time when American crude inventories are swelling.

Futures declined 1.3 percent in New York on Tuesday. The U.S. is preparing another round of
tariffs on Chinese imports if talks between the presidents of the world’s two largest economies
falter. Meanwhile, oil stowed in American storage tanks probably expanded for a sixth week,
extending the longest streak of increases since early 2017, according to a Bloomberg survey.

“You’re approaching a level where a lot of traders are looking at value,” said Josh Graves,
senior market strategist at RJO Futures in Chicago. “The market is looking at growth
potential in the future and trading off of earnings announcements and anything that can
give an outlook on what oil prices might be down the road.”

Crude has retreated about 10 percent as threats to worldwide demand overwhelmed
concerns about supply disruptions in Iran and Venezuela.

Brent for December settlement, which expires Wednesday, fell $1.43 to settle at $75.91
on the London-based ICE Futures Europe exchange. The global benchmark crude traded
at a $9.73 premium to WTI.

U.S. officials are preparing a new tariff list which would apply to Chinese products that
aren’t already covered in lieu of next month’s meeting between presidents Donald Trump
and Xi Jinping at the Group of 20 summit in Buenos Aires.
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