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Sinking ship: US federal debt surpasses $19 trillion for first time

U.S. Capitol Dome in Washington
© Jonathan Ernst / Reuters
The United States federal debt has surpassed $19 trillion for the first time in history according to the Treasury Department. However, the real figure could exceed $65 trillion, according to a former US Comptroller General.

The official debt of $19 trillion represents almost $60,000 for every man, woman and child living in America today.

President Barack Obama took office with $10.8 trillion debt that has grown more than $8 trillion in seven years. And such a record tempo is likely to continue, according to the Congressional Budget Office, quoted by the Washington Times.

This equals an additional $70,000 in net federal borrowing for each of the 117,480,000 American households, according to Census Bureau estimates.

Snakes in Suits

Whiny sore loser Trump accuses Cruz of stealing Iowa caucus

Trump
© Jim Bourg / Reuters
After placing second in the Iowa Caucus, Donald Trump took to Twitter to blast the winner, Senator Ted Cruz (R-Texas), accusing him of committing fraud during the selection process. Trump called for the results to be "nullified."

The tirade began Wednesday morning, after the real estate magnate was hit with public mocking him for coming in second.

A previous ‒ and since-deleted ‒ tweet said Cruz "illegally stole" the caucus win.


Trump then laid out why he believes Cruz committed fraud during the caucuses, including releasing a statement that neurosurgeon Ben Carson was quitting the race and asking for the doctor's supporters to caucus for Cruz instead; sending out voter violation certificates; and claiming that Trump was strongly in favor of Obamacare and abortion.

Bulb

Russian lawmaker proposes bill criminalizing foreign sponsorship for politicians

U.S. Embassy in Moscow
© Iliya Pitalev / Sputnik
U.S. Embassy in Moscow
A lawmaker representing the parliamentary majority party United Russia is preparing a bill that, if passed, would ban members of political parties from receiving money from foreign sponsors, under the threat of lengthy prison sentences.

Yevgeniy Fyodorov has told Izvestia daily that he plans to draft the bill in the current spring session of the State Duma. The document will contain amendments to the Criminal Code that introduce criminal responsibility for members of registered political parties who receive money from foreign citizens or organizations. The punishment suggested by Fyodorov for violating the rule is between three and six years in prison.

The MP said he was aware that Russian law already contains measures aimed at countering foreign influence on national politics - namely barring the guilty parties from elections and imposing fines on their members - but that personally he considers the law insufficient.

Yoda

Lavrov: Key condition of Syrian ceasefire is ending smuggling of arms across Turkish-Syrian border

Lavrov
© Grigoriy Sisoev / Sputnik
Ending smuggling across the Turkish-Syrian border is a key condition to make the ceasefire work in the Syrian conflict, Russian Foreign Minister Sergey Lavrov has said, stressing that he sees no reason to stop the Russian counter-terrorist operation in Syria.

"The key component for the ceasefire to be operational is the burning issue of arms smuggling across the Turkish-Syrian border, supplying the militants [in Syria]," Lavrov said.

Without the smuggling being disrupted, "it is hard to expect the ceasefire to take place - ever," he said, adding that the issue has been discussed with the American co-chairs of the Syrian Support Group.

Lavrov expressed hope that more detailed dialogue will continue after the Syrian Support Group meets in Munich on February 11, where Moscow will present its own suggestions regarding the ceasefire in Syria.

Light Sabers

Russia stealing Saudi Arabia's crown as China's top oil supplier

putin saudi prince
© Sergei Karpukhin / Reuters
Moscow is gaining momentum as the biggest seller of crude oil to China, with Russian crude supplies overtaking those from Saudi Arabia.

According to data from RBC Capital Markets, the Saudi share of Chinese crude imports at the beginning of the decade was about 20 percent, while Russia's was below 7 percent. The situation has changed.

"Russia is the biggest rival to the Saudis in the single-largest oil demand growth country in the world," Michael Tran, RBC Capital Markets' commodity strategist told Business Insider.

"The rising tide of Chinese growth has meant that notional volumes for both countries have increased in the years since, but Russia's gains have been outsized," he added.

Comment: China and Russia working together will only strengthen the position of each country in their struggle to provide an alternative to the US empire. For the Saudis, the loss of their crown to Russia couldn't happen to a nicer bunch!


Yoda

Bye Bye Petrodollar: Russia accepts yuan for oil, is now China's top oil partner

xi putin handshake
Russia is now the top crude exporter to China, the largest (or second largest, depending on whom you ask) oil demand growth country in the world.

At the start of the decade, Saudi Arabia enjoyed a 20% share of Chinese crude imports, while Russia was lagging far behind with 7%. Now the Saudis find themselves neck and neck with Moscow for the lead in Chinese market share, with both performing in the 13-16% range. But Russia's share continues to rise, as The Kingdom struggles to maintain a foothold.

Why? Analysts attribute Russia's huge market share growth to its willingness to accept yuan, while Saudi Arabia is still clinging to blood-soaked dollars. As Business Insider notes:
Interestingly, part of Russia's success in China has been attributed to its willingness to accept Chinese yuan denominated currency for its oil.

Target

Japan will shoot down N. Korean rocket if deemed threat, Kim Jong-un to launch satellite

Kim Jong-un
© Reuters
Japan has vowed to shoot down a North Korean rocket if it is deemed a threat after Kim Jong-un (pictured centre) announced plans to launch a 'satellite.'

Japan has vowed to shoot down a North Korean rocket if it is deemed a threat after Kim Jong-un announced plans to launch a 'satellite'. Prime Minister Shinzo Abe condemned what he called a 'serious provocation' and Japan issued an order to 'destroy' the missile with surface-to-air weapons if it threatened to fall on its territory. The order was given amid fears over the 'possibility that North Korea will launch a missile it calls a "satellite" within coming days,' the statement said.

'Today the defence minister issued an order' to destroy such a missile if it 'is confirmed that it will fall on Japanese territory,' the defence ministry said in a statement. The order will be carried out by Japan's ballistic missile defence system, which includes PAC-3 surface-to-air anti-ballistic missiles, and similar SM-3 systems aboard warships, the ministry said. The order will be effective until February 25, it added, the end of the launch window announced by Pyongyang that begins on February 8.

Pyongyang announced plans last week for a launch aimed at putting an Earth observation satellite into orbit - just weeks after conducting its fourth nuclear test. Japan's response came as China expressed 'serious concerns' over North Korea's actions. 'We express serious concerns about that,' foreign ministry spokesman Lu Kang told a regular briefing. 'We believe that the DPRK has the right to the peaceful use of space but at the moment its relevant right should be subject to the restrictions of the UN Security Council resolutions,' he added, using the North's official name.

Comment: See also:


Bad Guys

Western death merchants: Endless wars have fueled 'explosion' in number of mercenary armies

Jemen Blackwater
Since the 'war on terror' began 15 years ago, the number of mercenaries hired by private military and security companies and operating on the front lines in the Middle East and Africa has exploded tremendously, a new report by War on Want reveals.

The report, 'Mercenaries Unleashed: The brave new world of private military and security companies', examines the extensive and far-reaching billion dollar private industry, which the UK-based movement War on Want says is dominated by British companies.

"Private military contractors ran amok in Iraq and Afghanistan, leaving a trail of human rights abuses in their wake. Now we are seeing the alarming rise of mercenaries fighting on the front line in conflict zones across the world: it is the return of the 'Dogs of War,' " John Hilary, Executive Director at War on Want told Sputnik.

Comment: For more on this subterranean world of hired guns, check out:


Eye 2

Fun and games: Is Saudi oil price manipulation a blackmail attempt on Putin to soften Syria stance?

Saudi oil Aramco
© John Moore/Associated Press
Here's what you need to know about the Syria peace talks: Four of the most powerful militias currently operating in Syria have been excluded from the negotiations. The Islamic State (ISIS), Jabhat al Nusra, the Syrian Democratic Forces (SDF) and the Kurdish People's Protection Units (YPG) have all been banned from the talks. What this means is that even if all the delegates agree to a ceasefire, it's not going to matter. The fighting is going to continue. Everyone in the Obama administration already knows this, which is why we think the peace talks are a fraud designed to conceal Washington's real objectives. (More on this later.)

The meetings that were supposed to begin on Friday, did not actually start until Monday following a series of diplomatic miscues over the weekend. As it happens, the main Syrian opposition groups, most of who operate under the aegis of the High Negotiations Committee, refused to come to Geneva until Russia met their demands concerning humanitarian relief, prisoner release and stopping the bombing of enemy positions. Not surprisingly, the matter wasn't settled by Moscow caving in to the HNC's demands, but by Kerry bending-over-backwards to placate the group by making a number of commitments that he'll never be able to keep. What commitments? According to Reuters:
"In separate comments before heading to Geneva, Assad al-Zoubi, (chief negotiator for the HNC) said U.S. Secretary of State John Kerry gave assurances by phone to the HNC's leadership, saying Washington supported a U.N.-backed political transition period without Assad, a bone of contention among warring parties." (Reuters)

Comment: Given Russia's track record so far, it's unlikely that she will fall for this ploy; perhaps she will even turn it to her advantage. Russia's people have had decades of hardship which has enured them to economic discomfort. Their newly-found pride in their country and drive for economic independence from the West will keep Russia on track in the long run.


Snakes in Suits

McCain says US to decide when European countries can lift Russian sanctions

U.S. Senator John McCain
© Larry Downing / Reuters
U.S. Senator John McCain
Senator John McCain says the US will decide when EU sanctions on Russia can be lifted. The issue of sanctions is expected to be discussed next week in Munich, with many EU countries unhappy that the restrictions are adversely affecting their economies.

"I think there is clearly a lot of conversation amongst the Europeans about lifting the sanctions...There are many countries that are looking for the exit sign," McCain said, speaking to Sputnik. "I have been hearing it for months, that there is enormous pressure in a lot of countries, particularly Germany, to lift the sanctions."

Comment: Wow. McCain makes it VERY clear that the EU has no autonomy or authority - it is subject to the rule of the US. Russia has been trying to get EU member states to see this reality and for them to make up their own minds about the sanctions.