Ukraine launches UK long-range missiles into Russia for first time: report


Ukraine has reportedly used British-supplied long-range missiles to strike Russian territory for the first time, according to an unnamed official cited by Bloomberg.

The report marks a significant escalation, as the UK previously allowed Ukraine to use British equipment such as tanks, anti-tank missiles, and more in Ukrainian territory only. Storm Shadow cruise missiles, capable of a 155-mile range, have been utilized in past operations, including strikes in Crimea. The British government has not confirmed or commented on these reports, with Prime Minister Keir Starmer’s office declining to address the matter.

Videos from the region suggest up to 12 missiles were used in the strike, according to a report from the Guardian. The missiles targeted a site believed to be a command center in Maryino, Russia, where Ukrainian media speculated that North Korean and Russian officers were stationed.

The development aligns with a recent policy shift by President Joe Biden’s administration, which authorized Ukraine to use long-range American missiles inside Russian territory. Following this policy change, Ukraine targeted sites in Bryansk, reportedly focusing on North Korean troops deployed to supplement Russian forces and infrastructure aiding a potential offensive against Ukraine.

Many Western critics have cautioned that the use of such weapons could further escalate tension between the West and Russia. Shortly following the use of US-made missiles for the first time, Russian Foreign Minister Sergei Lavrov said Russia would respond “appropriately.”

Russian President Vladimir Putin has previously warned that the use of US and UK missiles by Ukraine inside Russian territory would be the equivalent of NATO engaging in direct conflict with the country. Putin has recently approved a change in his country’s nuclear doctrine, lowering the threshold for the use of nuclear weapons.

This Story originally came from humanevents.com

 


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With Or Without Tariffs, The US Dollar Is A Ponzi

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Via SchiffGold.com,

With soaring deficits, soaring debt, and interest payments that can only be made by issuing a debt-based currency on which even more interest will be due, the USD can only possibly be described as an elaborate nation-state level bankster Ponzi scheme. 

Dollars are backed by debt, which requires infinite economic growth to service. 

Without constant inflation to erode the debt’s value, transferring wealth from savers to the government and bankers, it all falls apart. 

Without new borrowers to sustain current spending, it all falls apart.

Without a petrodollar system where the USD is no longer the world reserve currency, and other countries no longer are forced at gunpoint to use dollars, it all falls apart.

Just as a Ponzi scheme collapses when enough investors lose confidence in it, because there’s no underlying value and not enough new suckers to pay back previous waves of investors, the USD collapses under the same scenario.

And while I see the surface-level, superficial appeal of president-elect Donald Trump’s plan to replace the income tax with tariffs, there’s (at least) one very big problem. We’re in a country that, for decades, hasn’t had a manufacturing base, making the economic viability of the plan incredibly questionable. Even if it somehow worked, it wouldn’t solve the problem of the world’s largest economies being based on glorified, state-sanctioned Ponzi schemes.

Until we revert back to dollars that are pegged to something of real value, like gold, the scam will continue. And it’s gone on for so long that tremendous economic pain is now a prerequisite for weaning ourselves off of it. Just as a Ponzi scheme collapsing harms everyone unlucky enough to be involved, the unwinding of the petrodollar USD Ponzi will hurt every American and, indeed, people all around the world as it reels under the chaos of the realization that the dollar was hollow all along, and the line of new suckers to buy US debt has officially dried up.

Total Public Debt, U.S.

With 10-year Treasury yields rising and major pressure on interest rates to go higher, the Fed and Trump are desperate to keep them low. But at $35 trillion, our debt bomb isn’t going away, and the deficit isn’t going anywhere. A heavier interest payment burden and QE are going to blow the USD Ponzi balloon bigger and bigger, so the only question will be when it pops.

Painful as the explosion will be, it’s unavoidable and necessary, and will only be more severe the longer the Ponzi goes on. Just as more investors get hurt, and more spectacularly so, when a Ponzi is able to grow larger, the US dollar collapse will be more painful the longer the can is kicked down the road. This reset will be an opportunity to go back to sound money, but as in the 2008 crisis, the same elites that caused it will try to exploit it as an opportunity to implement an increasingly centralized system that gives them even more control.

Unfortunately, we’re past the event horizon for the Ponzi. Past the point of no return. No amount of economic tinkering, even of the right sort and on a big-enough scale, from Trump or anyone else, can reverse or solve the problem without a major implosion causing terrible pain across the economy. Gold is one way to protect yourself from the fallout, but when it comes crashing down, no one will be immune to the effects of such a spectacular burst.

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