In his article Orlov concludes that the United States is a dead nation, still walking, but no longer a uni-power.
For those who always saw James Cameron’s blockbuster Terminator 2 as somehow eerily inevitable, recent trends in the development of warfare are proving them correct.
How will the nature of warfare change with the advent of autonomous robots that can make their own decisions to kill? Think tanks that advise military planning and policies are now warning that the dawn of autonomous, killer robots – in real life – is upon us, and could be wielded by the enemy to create an unstoppable force. Investors and analysts throw around the term “Fed” without much reflection on what the Federal Reserve actually is and is not. It’s important to understand the Fed’s structure as a prelude to understanding its policy process. The Federal Reserve is not a single central bank, but a system of twelve regional reserve banks under the supervision of a board of governors in Washington DC.

I agree with Orlov that US weapon systems are more focused on profits than on effectiveness and that Russia has superior weapons and a superior cause based on protection rather than dominance.
In short, it could change everything, though it is unclear if it will lead to a final stand by a human army against the rise of AI.
Initially, the Nikkei saw a sell-off then an attempted rally just after lunch but that was to fizzle-out eventually closing down 1.1%. Paul Craig Roberts: I use the writings of Orlov and The Saker as checks on my own conclusions. Knowing how the central bank is organized and who’s in charge can position you to preserve wealth and even profit from the coming Fed-induced turmoil. However, in his assessment of the possibility of nuclear war, I think that Orlov under-appreciates the commitment of Washington’s Neoconservatives to US world hegemony and the recklessness of the Neoconservatives and Hillary Clinton. It has a chairperson, currently Janet Yellen, and a vice chairperson, currently Stanley Fischer.

NO MATERIAL HERE CONSTITUTES "INVESTMENT ADVICE" NOR IS IT A RECOMMENDATION TO BUY OR SELL ANY FINANCIAL INSTRUMENT, INCLUDING BUT NOT LIMITED TO STOCKS, COMMODITIES, OPTIONS, BONDS, OR FUTURES. Washington is incensed that Russia (and China) dare to stand up to Washington, and this anger crowds out judgment. There remains a lot of speculation that we will hear more from the BOJ soon so best keep an eye on Monthly closes next week for future path.
ACTIONS YOU UNDERTAKE AS A CONSEQUENCE OF ANY ANALYSIS, OPINION OR ADVERTISEMENT ON THIS SITE ARE YOUR SOLE RESPONSIBILITY. Shanghai and the Hang Seng both failed with attempted rallies and closed higher but way off intraday highs.

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