The following video was published by Greg Hunter on May 14, 2015
China believes the South China Sea belongs to them, but many other countries, including America, say it’s always been international waters. You can add this to the perfect storm of troubles the U. S. is facing, and this time, it is with our largest creditor.
Iran is threatening ships in the Persian Gulf again. The latest incident involved a Singapore-flagged tanker that the Iranian Navy fired warning shots at to try to steer it to their port. The tanker allegedly damaged an Iranian oil platform a while back. A U. S. spokesman claims Iran is using force to settle monetary and legal disputes. The U. S. Navy was escorting ships through the Persian Gulf, and there is no word on whether it will start doing that again.
The President has one heck of a fight going on over the Trans-Pacific Partnership (TPP) trade deal, but it’s not with Republicans. It’s with a large part of his own party. The President has shown his disdain for Democrats blocking the trade pact by saying they are uninformed and just playing politics. Senator Elizabeth Warren, who is a critic of the deal, says it is all being negotiated in secret, and if it is so good for America, then let’s see the details. Republicans think it will be a boost to commerce, but some Democrats, and also Libertarians of the Tea Party, worry that it will kill jobs and infringe on U. S. sovereignty.
In the economy, rising interest rates have spooked the bond market. Rates are up % in about the last three months or so. That doesn’t seem like a lot, but it is a big percentage increase when you consider the 10 year was around 1.7%, and now it’s around over 2.2%. Gold is also up on fears the bond market, and the collateral backing up trillions of dollars of derivatives and debt, could become impaired.
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