The nuances of foreign policy do not feature heavily in the ongoing presidential campaign. Every candidate intends to “destroy” the Islamic State; each has concerns about Russian President Vladimir Putin, North Korea, and China; every one of them will defend Israel; and no one wants to talk much about anything else—except, in the case of the Republicans, who rattle their sabers against Iran.
On Wednesday, Donald Trump released the first of what we assume will be many Hillary Clinton attack ads.
http://www.youtube.com/watch?v=17EOM3RTD1Y
Yesterday when summarizing the Fed's action we said that in its latest dovish announcement which has sent the USD to a five month low, the Fed clearly sided with China which desperately want a stronger dollar to which it is pegged (reflected promptly in the Yuan's stronger fixing overnight) at the expense of Europe and Japan, both of which want the USD weaker.
ECB, BOJ don't want a weak dollar; China does not want a strong dollarFed sides with China for now
— zerohedge (@zerohedge) March 16, 2016
The Pentagon needs to have external “threats” to justify its huge budget. U.S. Generals are looking beyond the planet and at the boundaries of outer space and the security of their space assets. They fear Russia and China might have plans to attack U.S. satellites. Sputnik reports: “Adversaries are developing kinetic, directed-energy, and cyber tools to deny, degrade and destroy our space capabilities,” Air Force Gen. John Hyten, head of the Air Force Space Command, told the US House Armed Service strategic forces subcommittee on Tuesday.