The back and forth between the US and China continues, as US defense secretary Ash Carter said today at the 15th Asia Security Summit in Singapore that China risks isolating itself with its actions in the South China Sea.
Submitted by Adam Taggart via PeakProsperity.com,
Take a moment to reflect on all the people you care about who aren't reading this article. Or sites like this, which wrestle with the implications of limits to growth and the concerning unsustainability of the economic and natural systems our society depends upon.
While the US political and financial establishment has been firmly opposed to a Trump presidency, an unexpected supporter for the presumptive GOP candidate has emerged in Russia, where the head of the Russian Upper House Committee for Foreign Relations, Konstantin Kosachev, said that a victory for Donald Trump in the US presidential elections would provide the "shake up" Washington needs and could be the catalyst to reverse the rapidly deteriorating trend in US-Russian relations.
Just yesterday, when looking at the latest sudden drop in the US employment, JPM warned that as a result of the dramatic downshifting in the US economy, the bank's recession indicator had just hit a new cycle high of 36%.
It's no secret that the United States Spends more on its military than any other country in the world by far. To help understand the context of just how massive the the US spending is, the following video from howmuch.net shows each country's share of of total military spending for the last 25 years (1990-2015).